Nonprofit · EIN 76-0357123
DR EDWARD D AND SALLY M FUTCH CHARITABLE FOUNDATION INC
Tax-exempt · GALVESTON, TX 77550
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $834,417 | $775,694 | $58,723 | $11,437,161 | $0 | $11,437,161 |
| December 31, 2023 | 990-PF | $695,720 | $798,616 | -$102,896 | $11,375,923 | $0 | $11,375,923 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $291,550
- Interest
- $96,760
- Net gain from sales of assets
- $400,886
- Other income
- $45,221
Expenses
- Grants and similar amounts paid
- $672,000
- Compensation of officers, directors and key employees
- $3,000
- Disbursements for charitable purposes
- $682,366
- Excise tax on investment income
- $10,349
Balance sheet and other
- Total assets, start of year
- $11,375,923
- Total assets, end of year
- $11,437,161
- Total liabilities, end of year
- $0
- Net assets, end of year
- $11,437,161
- Fair market value of assets
- $14,855,329
- Qualifying distributions
- $682,366
- Net investment income
- $824,156
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WILLIAM C ANSELL 2200 MARKET ST STE 400, GALVESTON, TX 77550 | TRUSTEE | 1 | $1,000 |
| ALICE A ANDERSON 6828 DRIFTWOOD, GALVESTON, TX 77551 | TRUSTEE | 1 | $1,000 |
| MICHAEL HUGHES 1602 BELL, GALVESTON, TX 77550 | TRUSTEE | 1 | $1,000 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WILLIAM C ANSELL 2200 MARKET ST STE 400, GALVESTON, TX 77550 | TRUSTEE | 1 | $1,000 |
| ALICE A ANDERSON 6828 DRIFTWOOD, GALVESTON, TX 77551 | TRUSTEE | 1 | $1,000 |
| MICHAEL HUGHES 1602 BELL, GALVESTON, TX 77550 | TRUSTEE | 1 | $1,000 |
Address and contacts
- Address (IRS master file)
- 2200 MARKET ST STE 400, GALVESTON, TX 77550-1532
- In care of
- % W DANIEL VAUGHN
- Signed the 990-PF
- ALICE A ANDERSON, TRUSTEE
- Phone
- (409) 765-9311
- Return prepared by
- HAM LANGSTON & BREZINA 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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 76-0357123
- 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
- 1993
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $11,437,161
- Income (IRS master file)
- $2,556,053
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $834,417 | $775,694 | $11,437,161 | IRS |
| 990-PF | December 2023 | $695,720 | $798,616 | $11,375,923 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 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 76-0357123).
Questions about DR EDWARD D AND SALLY M FUTCH CHARITABLE FOUNDATION INC
- What is the EIN of DR EDWARD D AND SALLY M FUTCH CHARITABLE FOUNDATION INC?
- The employer identification number (EIN) of DR EDWARD D AND SALLY M FUTCH CHARITABLE FOUNDATION INC is 76-0357123.
- Is DR EDWARD D AND SALLY M FUTCH CHARITABLE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
- Are donations to DR EDWARD D AND SALLY M FUTCH CHARITABLE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does DR EDWARD D AND SALLY M FUTCH CHARITABLE FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of DR EDWARD D AND SALLY M FUTCH CHARITABLE FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DR EDWARD D AND SALLY M FUTCH CHARITABLE FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of DR EDWARD D AND SALLY M FUTCH CHARITABLE FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 3 people; 3 received compensation from the organization, the highest $1,000 (WILLIAM C ANSELL, TRUSTEE).
- How much revenue does DR EDWARD D AND SALLY M FUTCH CHARITABLE FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $834,417, expenses of $775,694 and total assets of $11,437,161 at year end.
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