Nonprofit · EIN 81-3931171
HMG CARES FOUNDATION
Tax-exempt · THE WOODLANDS, TX 77380
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $209,729 | $137,553 | $72,176 | $457,088 | $0 | $457,088 |
| December 31, 2023 | 990 | $179,085 | $129,961 | $49,124 | $384,912 | $0 | $384,912 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $211,916
- Program service revenue
- $0
- Investment income
- $15,010
- Net income from fundraising events
- -$17,197
- Other revenue
- -$17,197
Expenses
- Grants and similar amounts paid
- $103,037
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $12,950
- Travel
- $201
- Program services (functional)
- $122,996
- Management and general (functional)
- $14,557
Balance sheet and other
- Total assets, start of year
- $384,912
- Total assets, end of year
- $457,088
- Total liabilities, end of year
- $0
- Net assets, end of year
- $457,088
- Gross receipts
- $226,926
- Employees
- 0
- Volunteers
- 20
- Year formed
- 2016
- 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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DEREK PRINCE | PRESIDENT Trustee or director, Officer | 1.5 | $0 |
| WAYNE CULP | SECRETARY Trustee or director, Officer | 1.5 | $0 |
| LAURENCE DASPIT | TREASURER Trustee or director, Officer | 1.5 | $0 |
| ANA PICO | CHIEF STRATEGY OFFICER Trustee or director | 1.5 | $0 |
| JACOBI THOMAS | DIRECTOR Trustee or director | 0.75 | $0 |
| DONNA FRAZIER | DIRECTOR Trustee or director | 0.75 | $0 |
| CEDRIC BOYD | DIRECTOR Trustee or director | 1.25 | $0 |
| KRISTINA BRUNNER | DIRECTOR Trustee or director | 0.75 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DEREK PRINCE | PRESIDENT Trustee or director, Officer | 12.5 | $0 |
| WAYNE CULP | SECRETARY Trustee or director, Officer | 0.25 | $0 |
| LAURENCE DASPIT | TREASURER Trustee or director, Officer | 1 | $0 |
| ANA PICO | CHIEF STRATEGY OFFICER Trustee or director | 15 | $0 |
| JACOBI THOMAS | DIRECTOR Trustee or director | 0.5 | $0 |
| DONNA FRAZIER | DIRECTOR Trustee or director | 0.5 | $0 |
| CEDRIC BOYD | DIRECTOR Trustee or director | 0.5 | $0 |
| KRISTINA BRUNNER | DIRECTOR Trustee or director | 0.5 | $0 |
| CONNER GREENSPAN | DIRECTOR (THRU 12/23) Trustee or director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 1780 HUGHES LANDING BLVD STE 500, THE WOODLANDS, TX 77380-4009
- In care of
- % DEREK L PRINCE
- Principal officer (990 for 2024)
- DEREK PRINCE, 1780 HUGHES LANDING BLVD 500, THE WOODLANDS, TX 77380
- Signed the 990
- DEREK PRINCE, PRESIDENT
- Phone
- (281) 419-5520
- Return prepared by
- ARMANINO ADVISORY LLC
Mission
TO ASSIST TEAM MEMBERS AND COMMUNITIES IN WHICH THEY SERVE WHO ARE AFFECTED BY HARDSHIP DUE TO EVENTS BEYOND THEIR CONTROL. THESE INDIVIDUALS HAVE EXPERIENCED NATURAL DISASTERS, LIFE-THREATENING ILLNESSES, AND DEATH.
Program accomplishments
- THE FOUNDATION HOSTED SEVERAL EVENTS AND RAISED APPROXIMATELY $212,000 IN DONATIONS. USING $103,000 OF THE MONIES RAISED WE HAVE BEEN ABLE TO LEND A HELPING HAND TO 45 OF OUR EMPLOYEES COMPANYWIDE. THESE EMPLOYEES HAVE EXPERIENCED THE NATURAL DISASTERS, LIFE-THREATING ILLNESSES, AND DEATH. WE ARE PROUD TO BE ABLE TO SHOW SUPPORT IN TIMES OF NEED TO THESE FAMILIES.Expenses $122,996 · grants $103,037
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 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 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 81-3931171
- 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
- 2018
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P60)
- Assets (IRS master file)
- $457,088
- Income (IRS master file)
- $226,926
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $209,729 | $137,553 | $457,088 | IRS |
| 990 | December 2023 | $179,085 | $129,961 | $384,912 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990-EZ | 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 81-3931171).
Questions about HMG CARES FOUNDATION
- What is the EIN of HMG CARES FOUNDATION?
- The employer identification number (EIN) of HMG CARES FOUNDATION is 81-3931171.
- Is HMG CARES FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to HMG CARES FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HMG CARES FOUNDATION 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 HMG CARES FOUNDATION 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 HMG CARES FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of HMG CARES FOUNDATION?
- The 990 for the year ended December 31, 2024 names DEREK PRINCE.
- Who are the officers and directors of HMG CARES FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
- How much revenue does HMG CARES FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $209,729, expenses of $137,553 and total assets of $457,088 at year end.
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