Nonprofit · EIN 75-1377874
SHERWOOD & MYRTIE FOSTER HOME FOR CHILDREN
Tax-exempt · STEPHENVILLE, TX 76401
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990 | $15,443,221 | $13,370,796 | $2,072,425 | $11,663,503 | $110,751 | $11,552,752 |
| August 31, 2024 | 990 | $7,238,425 | $7,418,879 | -$180,454 | $9,737,691 | $147,387 | $9,590,304 |
| August 31, 2023 | 990 | $3,346,136 | $4,190,742 | -$844,606 | $10,108,868 | $313,088 | $9,795,780 |
Financial details: 990 for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $14,442,453
- Program service revenue
- $720,484
- Investment income
- $135,703
- Royalties
- $1,330
- Net rental income
- $5,090
- Net gain from sales of assets
- -$7,337
- Net income from fundraising events
- $101,828
- Other revenue
- $144,581
Expenses
- Grants and similar amounts paid
- $8,432,000
- Compensation of officers, directors and key employees
- $645,345
- Other salaries and wages
- $1,701,507
- Salaries, compensation and benefits (total)
- $2,755,937
- Professional fundraising fees
- $0
- Legal fees
- $1,407
- Accounting fees
- $50,418
- Occupancy
- $395,971
- Travel
- $82,151
- Depreciation
- $487,793
- Program services (functional)
- $10,836,588
- Management and general (functional)
- $2,093,659
- Fundraising (functional)
- $440,549
Balance sheet and other
- Total assets, start of year
- $9,737,691
- Total assets, end of year
- $11,663,503
- Total liabilities, end of year
- $110,751
- Net assets, end of year
- $11,552,752
- Land, buildings and equipment
- $9,606,852
- Publicly traded securities
- $1,178,448
- Net assets without donor restrictions
- $9,590,304
- Net assets with donor restrictions
- $1,962,448
- Gross receipts
- $19,126,886
- Employees
- 69
- Volunteers
- 168
- Year formed
- 1972
- State of legal domicile
- TX
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended August 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DOUG YOUNG | PRESIDENT/CEO Officer | 40 | $129,750 | $22,894 |
| HARRIETT FRAZIER | VICE PRESIDENT Officer | 40 | $91,873 | $20,175 |
| ASHLEY HALL | VICE PRESIDENT Officer | 40 | $83,214 | $19,066 |
| MICHELLE RUDLOFF | VICE PRESIDENT/TREASURER Officer | 40 | $77,333 | $19,469 |
| MICHAEL WARREN | VICE PRESIDENT Officer | 40 | $80,075 | $8,265 |
| ANDREW BREWER | VICE PRESIDENT Officer | 40 | $69,690 | $18,621 |
| MELANIE WARREN | SECRETARY Officer | 40 | $0 | $0 |
| MIKE BLEVINS | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| PHIL UHRHAN | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| STEVE SMITH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHAD GILLEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LANE LANIER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BO COX | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DARLA DOTY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEVEN HEROD | DIRECTOR Trustee or director | 1 | $0 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JEFF JEFFRIES | DIRECTOR Trustee or director | 1 | $0 |
| EARL KRIEG | DIRECTOR Trustee or director | 1 | $0 |
| CLINTON NIX | DIRECTOR Trustee or director | 1 | $0 |
| STEVE PARKER | DIRECTOR Trustee or director | 1 | $0 |
| JOHN TERRILL | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended August 31, 2024: 19 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DOUG YOUNG | PRESIDENT/CEO Officer | 40 | $124,667 | $23,184 |
| GLENN NEWBERRY | CHIEF DONOR RELATIONS OFFICER Officer | 40 | $100,174 | $11,600 |
| HARRIETT FRAZIER | VICE PRESIDENT Officer | 40 | $85,853 | $20,029 |
| LACY BARTON | VICE PRESIDENT Officer | 40 | $79,047 | $19,445 |
| ASHLEY HALL | VICE PRESIDENT Officer | 40 | $58,962 | $12,977 |
| ANDREW BREWER | VICE PRESIDENT Officer | 40 | $53,448 | $9,981 |
| STEVE SMITH | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| MIKE BLEVINS | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| KRISTA ANDERSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BO COX | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DARLA DOTY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEVEN HERON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JEFF JEFFRIES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| EARL DRIEG | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CLINTON NIX | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEVE PARKER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOHN TERRILL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PHIL UHRHAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MELANIE WARREN | SECRETARY Officer | 40 | $0 | $0 |
990 for the year ended August 31, 2023: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DOUG YOUNG | PRESIDENT / CEO Officer | 1 | $113,468 | $29,622 |
| GLENN NEWBERRY | CHIEF DONOR RELATIONS OFFI Officer | 1 | $97,576 | $22,925 |
| LACY BARTON | VICE PRESIDENT Officer | 1 | $79,004 | $27,610 |
| HARRIET FRAZIER | VICE PRESIDENT Officer | 1 | $82,475 | $16,735 |
| BRAWNSON OLIVER | VICE PRESIDENT Officer | 1 | $65,132 | $16,876 |
| LARRY PRATT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEVE PARKER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PHIL UHRHAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEVE SMITH | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| JEFF JEFFRIES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DARLA DOTY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MIKE BLEVINS | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| EARL KRIEG JR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CLINTON NIX | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAMES BO COX | DIRECTOR Trustee or director, Officer | 1 | $0 | $0 |
| JOHN TERRILL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEVEN HEROD | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CARL SMITH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DEBBIE GILES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CAROLE PATMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KRISTA ANDERSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 978, STEPHENVILLE, TX 76401-0009
- Principal officer (990 for 2024)
- DOUG YOUNG, 1779 N GRAHAM ST, STEPHENVILLE, TX 76401
- Signed the 990
- DOUG YOUNG, PRESIDENT & CEO
- Phone
- (254) 968-2143
- Website
- WWW.FOSTERSHOME.ORG
- Return prepared by
- PATTILLO BROWN & HILL LLP
Mission
TO PROVIDE CHILD CARE AND FOSTER CARE CHILD PLACEMENT
Program accomplishments
- PROVISION OF CHILD CARE AND FOSTER CARE CHILD PLACEMENTExpenses $10,836,588 · grants $8,432,000 · revenue $756,369
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | 990 on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990 on file |
IRS record
- EIN
- 75-1377874
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1972
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $11,663,503
- Income (IRS master file)
- $19,126,886
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | August 2025 | $15,443,221 | $13,370,796 | $11,663,503 | XML |
| 990 | August 2024 | $7,238,425 | $7,418,879 | $9,737,691 | XML |
| 990 | August 2023 | $3,346,136 | $4,190,742 | $10,108,868 | XML |
| 990 | August 2022 | $3,602,180 | $4,212,126 | $10,731,570 | IRS |
| 990 | August 2021 | – | – | – | IRS |
| 990 | August 2020 | – | – | – | IRS |
| 990 | August 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 75-1377874).
Questions about SHERWOOD & MYRTIE FOSTER HOME FOR CHILDREN
- What is the EIN of SHERWOOD & MYRTIE FOSTER HOME FOR CHILDREN?
- The employer identification number (EIN) of SHERWOOD & MYRTIE FOSTER HOME FOR CHILDREN is 75-1377874.
- Is SHERWOOD & MYRTIE FOSTER HOME FOR CHILDREN tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1972.
- Are donations to SHERWOOD & MYRTIE FOSTER HOME FOR CHILDREN tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SHERWOOD & MYRTIE FOSTER HOME FOR CHILDREN file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SHERWOOD & MYRTIE FOSTER HOME FOR CHILDREN due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SHERWOOD & MYRTIE FOSTER HOME FOR CHILDREN last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended August 2025.
- Who is the principal officer of SHERWOOD & MYRTIE FOSTER HOME FOR CHILDREN?
- The 990 for the year ended August 31, 2025 names DOUG YOUNG.
- Who are the officers and directors of SHERWOOD & MYRTIE FOSTER HOME FOR CHILDREN?
- The 990 for the year ended August 31, 2025 lists 20 people; 6 received compensation from the organization, the highest $129,750 (DOUG YOUNG, PRESIDENT/CEO).
- How much revenue does SHERWOOD & MYRTIE FOSTER HOME FOR CHILDREN have?
- On its 990 for the year ended August 31, 2025 it reported revenue of $15,443,221, expenses of $13,370,796 and total assets of $11,663,503 at year end.
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