Nonprofit · EIN 87-3873183
TEXAS ONE FUND INC
Tax-exempt · AUSTIN, TX 78703
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $16,510,654 | $17,574,225 | -$1,063,571 | $603,643 | $200,000 | $403,643 |
| December 31, 2023 | 990 | $10,499,351 | $13,730,245 | -$3,230,894 | $1,479,635 | $3,771 | $1,475,864 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $16,809,863
- Program service revenue
- $25,000
- Investment income
- -$324,509
- Net gain from sales of assets
- -$324,509
- Other revenue
- $300
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $206,077
- Salaries, compensation and benefits (total)
- $221,426
- Professional fundraising fees
- $1,613,221
- Legal fees
- $1,890
- Accounting fees
- $1,000
- Occupancy
- $6,546
- Travel
- $87,172
- Program services (functional)
- $15,155,932
- Management and general (functional)
- $155,191
- Fundraising (functional)
- $2,263,102
Balance sheet and other
- Total assets, start of year
- $1,479,635
- Total assets, end of year
- $603,643
- Total liabilities, end of year
- $200,000
- Net assets, end of year
- $403,643
- Net assets without donor restrictions
- $403,643
- Gross receipts
- $28,176,381
- Employees
- 2
- Volunteers
- 22
- Year formed
- 2021
- 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 |
|---|---|---|---|
| Charity Grady | Athlete Director Highest-paid employee | 40 | $175,308 |
| Patrick Wheels Smith | President Trustee or director, Officer | 40 | $0 |
| Britt Peterson | Board Member Trustee or director | 40 | $0 |
| Rob Blair | Board Member Trustee or director | 6 | $0 |
| Rob Wright | Board Member Trustee or director | 6 | $0 |
| Jim Gressett | Treasurer Trustee or director, Officer | 6 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Charity Grady | Athlete Director Highest-paid employee | 40 | $138,461 |
| Patrick Wheels Smith | President Trustee or director, Officer | 40 | $0 |
| Britt Peterson | Board Member Trustee or director | 40 | $0 |
| Rob Blair | Board Member Trustee or director | 6 | $0 |
| Rob Wright | Board Member Trustee or director | 6 | $0 |
| Jim Gressett | Treasurer Trustee or director, Officer | 6 | $0 |
Address and contacts
- Address (IRS master file)
- 1717 W 6TH ST STE 370, AUSTIN, TX 78703-4778
- Principal officer (990 for 2024)
- Patrick Smith, 4407 Bee Caves Rd Ste 212, Austin, TX 78746
- Signed the 990
- Patrick Smith, President
- Phone
- (512) 496-4008
- Website
- https://www.texasonefund.org
- Return prepared by
- Ronald W Meyer PLLC
Mission
Maximize positive community impact by helping Texas collegiate athletes succeed.
Program accomplishments
- CONNECT WITH CHARITABLE ORGANIZATIONS - The organization connects volunteers, contractors, donors, and student-athletes with charitable organizations that are impactful in their lives or the lives of their loved ones, not just locally, but across the state of Texas and nationally, so that each volunteer, contractor, donor, and student- athlete can contribute to the causes they care most about.Expenses $15,155,932 · revenue $25,000
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
- 87-3873183
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2022
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S80)
- Assets (IRS master file)
- $603,643
- Income (IRS master file)
- $28,176,381
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $16,510,654 | $17,574,225 | $603,643 | XML |
| 990 | December 2023 | $10,499,351 | $13,730,245 | $1,479,635 | XML |
| 990 | December 2022 | $5,317,761 | $611,003 | $4,743,108 | 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 87-3873183).
Questions about TEXAS ONE FUND INC
- What is the EIN of TEXAS ONE FUND INC?
- The employer identification number (EIN) of TEXAS ONE FUND INC is 87-3873183.
- Is TEXAS ONE FUND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to TEXAS ONE FUND INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TEXAS ONE FUND INC 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 TEXAS ONE FUND 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 TEXAS ONE FUND INC 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 TEXAS ONE FUND INC?
- The 990 for the year ended December 31, 2024 names Patrick Smith.
- Who are the officers and directors of TEXAS ONE FUND INC?
- The 990 for the year ended December 31, 2024 lists 6 people; 1 received compensation from the organization, the highest $175,308 (Charity Grady, Athlete Director).
- How much revenue does TEXAS ONE FUND INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $16,510,654, expenses of $17,574,225 and total assets of $603,643 at year end.
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