Nonprofit · EIN 75-6020781
ABELL-HANGER FOUNDATION
Tax-exempt · MIDLAND, TX 79705
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990-PF | $15,726,160 | $14,913,166 | $812,994 | $134,687,981 | $12 | $134,687,969 |
| June 30, 2024 | 990-PF | $15,622,582 | $13,502,458 | $2,120,124 | $133,874,975 | $0 | $133,874,975 |
Financial details: 990-PF for the year ended June 30, 2025
Revenue
- Dividends
- $5,057,821
- Interest
- $121,071
- Net rental income
- $33,366
- Net gain from sales of assets
- $7,759,544
- Other income
- $2,754,358
Expenses
- Grants and similar amounts paid
- $11,693,004
- Compensation of officers, directors and key employees
- $672,693
- Salaries, compensation and benefits (total)
- $487,769
- Disbursements for charitable purposes
- $13,765,129
- Excise tax on investment income
- $207,119
Balance sheet and other
- Total assets, start of year
- $133,874,975
- Total assets, end of year
- $134,687,981
- Total liabilities, end of year
- $12
- Net assets, end of year
- $134,687,969
- Fair market value of assets
- $249,079,125
- Qualifying distributions
- $13,765,129
- Net investment income
- $15,726,160
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-PF for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARK PALMER 112 CORPORATE DRIVE, MIDLAND, TX 79705 | EXECUTIVE VP | 40 | $386,868 | $66,557 |
| WADE KUEHLER 112 CORPORATE DRIVE, MIDLAND, TX 79705 | CFO | 40 | $285,825 | $54,735 |
| HELGA HOBAN 112 CORPORATE DRIVE, MIDLAND, TX 79705 | GRANTS OFFICER Highest-paid employee | 40 | $173,410 | $32,342 |
| JULIA VICKERY 112 CORPORATE DRIVE, MIDLAND, TX 79705 | PROGRAM MANAGER Highest-paid employee | 40 | $150,895 | $30,179 |
| BOBBIE CHAPPELL 112 CORPORATE DRIVE, MIDLAND, TX 79705 | ASSISTANT TREASURER Highest-paid employee | 40 | $97,597 | $19,520 |
| CINDY LAUDERDALE 112 CORPORATE DRIVE, MIDLAND, TX 79705 | OFFICE MANAGER Highest-paid employee | 40 | $65,867 | $7,973 |
| ROY NELSON 112 CORPORATE DRIVE, MIDLAND, TX 79705 | TRUSTEE | 4 | $1,084 | $0 |
| LAURA ROMAN 112 CORPORATE DRIVE, MIDLAND, TX 79705 | TRUSTEE | 4 | $868 | $0 |
| JOHN BERGMAN 112 CORPORATE DRIVE, MIDLAND, TX 79705 | TRUSTEE | 4 | $838 | $0 |
| KAREN SPARKS 112 CORPORATE DRIVE, MIDLAND, TX 79705 | TRUSTEE | 4 | $817 | $0 |
| WES PERRY 112 CORPORATE DRIVE, MIDLAND, TX 79705 | TRUSTEE | 4 | $558 | $0 |
| JACK F HARPER 112 CORPORATE DRIVE, MIDLAND, TX 79705 | TRUSTEE | 4 | $0 | $0 |
| CHAS PERRY 112 CORPORATE DRIVE, MIDLAND, TX 79705 | TRUSTEE | 4 | $0 | $0 |
| RICHARD COATS 112 CORPORATE DRIVE, MIDLAND, TX 79705 | TRUSTEE | 4 | $0 | $0 |
| GEORGE T ABELL - DECEASED 112 CORPORATE DRIVE, MIDLAND, TX 79705 | FOUNDATION MGR (DECEASED) | 0 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GLADYS H ABELL - DECEASED 112 CORPORATE DRIVE, MIDLAND, TX 79705 | FOUNDATION MGR (DECEASED) | 0 | $0 |
990-PF for the year ended June 30, 2024: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARK PALMER 112 CORPORATE DRIVE, MIDLAND, TX 79705 | EXECUTIVE VP | 40 | $350,000 | $65,825 |
| WADE KUEHLER 112 CORPORATE DRIVE, MIDLAND, TX 79705 | CFO | 40 | $265,000 | $53,000 |
| HELGA HOBAN 112 CORPORATE DRIVE, MIDLAND, TX 79705 | GRANTS OFFICER Highest-paid employee | 40 | $164,200 | $30,500 |
| JULIA VICKERY 112 CORPORATE DRIVE, MIDLAND, TX 79705 | PROGRAM MANAGER Highest-paid employee | 40 | $156,500 | $31,300 |
| BOBBIE CHAPPELL 112 CORPORATE DRIVE, MIDLAND, TX 79705 | ASSISTANT TREASURER Highest-paid employee | 40 | $129,152 | $25,830 |
| JACK F HARPER 112 CORPORATE DRIVE, MIDLAND, TX 79705 | TRUSTEE | 4 | $0 | $0 |
| JAMES C TROTT 112 CORPORATE DRIVE, MIDLAND, TX 79705 | TRUSTEE | 4 | $0 | $0 |
| JOHN BERGMAN 112 CORPORATE DRIVE, MIDLAND, TX 79705 | TRUSTEE | 4 | $0 | $0 |
| RICHARD COATS 112 CORPORATE DRIVE, MIDLAND, TX 79705 | TRUSTEE | 4 | $0 | $0 |
| LAURA ROMAN 112 CORPORATE DRIVE, MIDLAND, TX 79705 | TRUSTEE | 4 | $0 | $0 |
| WES PERRY 112 CORPORATE DRIVE, MIDLAND, TX 79705 | TRUSTEE | 4 | $0 | $0 |
| ROY NELSON 112 CORPORATE DRIVE, MIDLAND, TX 79705 | TRUSTEE | 4 | $0 | $0 |
| KAREN SPARKS 112 CORPORATE DRIVE, MIDLAND, TX 79705 | TRUSTEE | 4 | $0 | $0 |
| GEORGE T ABELL - DECEASED 112 CORPORATE DRIVE, MIDLAND, TX 79705 | FOUNDATION MGR (DECEASED) | 0 | $0 | $0 |
| GLADYS H ABELL - DECEASED 112 CORPORATE DRIVE, MIDLAND, TX 79705 | FOUNDATION MGR (DECEASED) | 0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 112 CORPORATE DR, MIDLAND, TX 79705-2105
- In care of
- % WADE KUEHLER
- Signed the 990-PF
- WADE KUEHLER, CFO
- Phone
- (432) 684-6655
- Website
- ABELL-HANGER.ORG
- Return prepared by
- SPROLES WOODARD LLP
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990-PF on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990-PF on file |
IRS record
- EIN
- 75-6020781
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1955
- Accounting year ends
- June
- Files
- Form 990-PF
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $134,687,981
- Income (IRS master file)
- $20,810,528
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | June 2025 | $15,726,160 | $14,913,166 | $134,687,981 | XML |
| 990-PF | June 2024 | $15,622,582 | $13,502,458 | $133,874,975 | XML |
| 990-PF | June 2023 | – | – | – | IRS |
| 990-PF | June 2022 | – | – | – | IRS |
| 990-PF | June 2021 | – | – | – | IRS |
| 990-PF | June 2019 | – | – | – | 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 75-6020781).
Questions about ABELL-HANGER FOUNDATION
- What is the EIN of ABELL-HANGER FOUNDATION?
- The employer identification number (EIN) of ABELL-HANGER FOUNDATION is 75-6020781.
- Is ABELL-HANGER FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1955.
- Are donations to ABELL-HANGER FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does ABELL-HANGER FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of ABELL-HANGER FOUNDATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ABELL-HANGER FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended June 2025.
- Who are the officers and directors of ABELL-HANGER FOUNDATION?
- The 990-PF for the year ended June 30, 2025 lists 16 people; 11 received compensation from the organization, the highest $386,868 (MARK PALMER, EXECUTIVE VP).
- How much revenue does ABELL-HANGER FOUNDATION have?
- On its 990-PF for the year ended June 30, 2025 it reported revenue of $15,726,160, expenses of $14,913,166 and total assets of $134,687,981 at year end.
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