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Brazos Education Foundation Inc

  • Waco, TX
  • Tax-exempt since June 2009
  • EIN: 26-4562436

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Fund Raising and/or Fund Distribution (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$47.7k (2023)

Expenses
$141k (2023)

Total Assets
$528k (2023)

Total Liabilities
$15k (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$47,709
Expenses
$141,144
Net Income
-$93,435
Net Assets
$513,428
Notable Sources of Revenue Percent of Total Revenue
Contributions $11,221
23.5%
Program Services $0
Investment Income $36,488
76.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $528,428
Total Liabilities $15,000
Net Assets $513,428
Compensation
Key Employees and Officers Compensation Related Other
Thomas Ben Litle (President) $0 $691,410 $73,360
Ricky Turman (Treasurer) $0 $632,670 $75,998
Kelli Uttech (Director) $0 $403,310 $70,102
Milicent Larson (Executive Dir., Brazos Found.) $0 $187,542 $39,912
Tiffany Jones (Secretary) $0 $89,013 $20,110
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Document Links

990
Filed on April 3, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$104,836
Expenses
$866,785
Net Income
-$761,949
Net Assets
$606,863
Notable Sources of Revenue Percent of Total Revenue
Contributions $109,150
> 100%
Program Services $0
Investment Income $2,254
2.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$6,568
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $212,292
24.5%
Professional Fundraising Fees $0
Other Salaries and Wages $324,113
37.4%
Assets/Debt
Total Assets $650,564
Total Liabilities $43,701
Net Assets $606,863
Compensation
Key Employees and Officers Compensation Related Other
Milicent Larson (Executive Dir., Brazos Found.) $165,692 $0 $46,600
Thomas Ben Litle (President) $0 $707,065 $68,031
Ricky Turman (Treasurer) $0 $593,678 $71,273
Kelli Uttech (Director) $0 $341,729 $63,567
Susan Davis (Secretary End: 06/21) $0 $131,448 $20,232
Tiffany Jones (Secretary) $0 $84,031 $18,574
Dana Broadway (Assistant Treasurer End: 01/22) $0 $0 $0
Dr Dana Lee Haines (Director End: 01/22) $0 $0 $0
Cynthia Lewis (Vice President End: 01/22) $0 $0 $0
Jeanne Wray (Director End: 01/22) $0 $0 $0
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Document Links

990
Filed on Feb. 22, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$102,143
Expenses
$787,411
Net Income
-$685,268
Net Assets
$866,818
Notable Sources of Revenue Percent of Total Revenue
Contributions $104,745
> 100%
Program Services $0
Investment Income $3,032
3.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$10,889
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $238,390
30.3%
Professional Fundraising Fees $0
Other Salaries and Wages $235,880
30.0%
Assets/Debt
Total Assets $976,108
Total Liabilities $109,290
Net Assets $866,818
Compensation
Key Employees and Officers Compensation Related Other
Milicent Larson (Executive Dir., Brazos Found.) $159,478 $0 $47,017
Thomas Ben Litle (President) $0 $630,234 $67,486
Ricky Turman (Treasurer) $0 $576,269 $70,564
Susan Davis (Secretary) $0 $96,534 $28,681
Cynthia Lewis (Vice President) $0 $0 $0
Dana Broadway (Assistant Treasurer) $0 $0 $0
Dr Dana Lee Haines (Director) $0 $0 $0
Jeanne P Wray (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Feb. 9, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$156,215
Expenses
$247,596
Net Income
-$91,381
Net Assets
$717,319
Notable Sources of Revenue Percent of Total Revenue
Contributions $130,719
83.7%
Program Services $0
Investment Income $2,842
1.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $12,464
8.0%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $717,319
Total Liabilities $0
Net Assets $717,319
Compensation
Key Employees and Officers Compensation Related Other
Thomas Ben Litle (President) $0 $663,422 $66,167
Ricky Turman (Treasurer) $0 $558,431 $70,150
Milicent Larson (Executive Dir., Brazos Found.) $0 $149,842 $45,192
Susan Davis (Secretary) $0 $93,561 $29,386
Cynthia Lewis (Vice President) $0 $0 $0
Dana Broadway (Assistant Treasurer) $0 $0 $0
Dana Lee Haines (Director) $0 $0 $0
Jeanne P Wray (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on Feb. 19, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$166,021
Expenses
$184,717
Net Income
-$18,696
Net Assets
$793,663
Notable Sources of Revenue Percent of Total Revenue
Contributions $139,690
84.1%
Program Services $0
Investment Income $2,590
1.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $14,000
8.4%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $794,463
Total Liabilities $800
Net Assets $793,663
Compensation
Key Employees and Officers Compensation Related Other
Thomas Ben Litle (President) $0 $446,793 $63,957
Ricky Turman (Treasurer) $0 $425,756 $74,547
Cynthia Lewis (Vice President) $0 $0 $0
Dana Broadway (Assistant Treasurer) $0 $0 $0
Dana Lee Haines (Director) $0 $0 $0
Jeanne P Wray (Director) $0 $0 $0
Susan Davis (Secretary) $0 $89,791 $30,818
Milicent Larson (Executive Dir., Brazos Found.) $0 $152,660 $41,968
+ View more people

Document Links

990
Filed on Jan. 31, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$180,862
Expenses
$177,809
Net Income
$3,053
Net Assets
$774,348
Notable Sources of Revenue Percent of Total Revenue
Contributions $152,970
84.6%
Program Services $0
Investment Income $2,436
1.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $14,533
8.0%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $784,783
Total Liabilities $10,435
Net Assets $774,348
Compensation
Key Employees and Officers Compensation Related Other
Murray Watson (President) $0 $1,080,748 $60,121
Cynthia Lewis (Vice President) $0 $0 $0
Thomas Ben Litle (Secretary) $0 $427,380 $59,454
Ricky Turman (Treasurer) $0 $417,416 $74,200
Dana Broadway (Director) $0 $0 $0
Julie Carlson (Engagement Coord. Start: 10/17) $0 $2,108 $0
Dana Lee Haines (Director) $0 $0 $0
Jeanne P Wray (Director) $0 $0 $0
Susan Davis (Assistant Secretary) $0 $86,403 $26,568
Milicent Larson (Executive Director) $0 $139,310 $37,185
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Document Links

990
Filed on March 11, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$207,102
Expenses
$219,578
Net Income
-$12,476
Net Assets
$746,239
Notable Sources of Revenue Percent of Total Revenue
Contributions $180,667
87.2%
Program Services $0
Investment Income $4,495
2.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $12,420
6.0%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $746,239
Total Liabilities $0
Net Assets $746,239
Compensation
Key Employees and Officers Compensation Related Other
Murray Watson (President) $0 $986,662 $61,945
Cynthia Lewis (Vice President) $0 $0 $0
Thomas Ben Litle (Secretary) $0 $401,383 $72,118
Ricky Turman (Treasurer) $0 $394,161 $76,111
Dana Broadway (Director) $0 $0 $0
Julie Carlson (Director) $0 $0 $0
Susan Davis (Assistant Secretary) $0 $85,612 $27,756
Milicent Larson (Executive Director) $0 $146,575 $38,685
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Document Links

990
Filed on Feb. 13, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$226,571
Expenses
$209,237
Net Income
$17,334
Net Assets
$710,886
Notable Sources of Revenue Percent of Total Revenue
Contributions $197,995
87.4%
Program Services $0
Investment Income $10,935
4.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $13,268
5.9%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $710,886
Total Liabilities $0
Net Assets $710,886
Compensation
Key Employees and Officers Compensation Related Other
Murray Watson Jr (President) $0 $849,956 $38,278
Cynthia Lewis (Vice President) $0 $0 $0
Ben Litle (Secretary) $0 $351,440 $53,062
Ricky Turman (Treasurer) $0 $378,696 $56,482
Dana Broadway (Director) $0 $0 $0
Julie Carlson (Director) $0 $0 $0
Susan Davis (Assistant Secretary) $0 $89,959 $19,832
Milicent Larson (Executive Director) $0 $140,818 $34,056
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Document Links

990
Filed on May 12, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$25,213
Expenses
$65,900
Net Income
-$40,687
Net Assets
$704,186
Notable Sources of Revenue Percent of Total Revenue
Contributions $21,205
84.1%
Program Services $12
0.0%
Investment Income $3,996
15.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $704,186
Total Liabilities $0
Net Assets $704,186

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$388,768
Expenses
$156,397
Net Income
$232,371
Net Assets
$747,317
Notable Sources of Revenue Percent of Total Revenue
Contributions $226,259
58.2%
Program Services $0
Investment Income $10,690
2.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $120,659
31.0%
Sales of Assets $2,778
0.7%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $747,317
Total Liabilities $0
Net Assets $747,317
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Murray Watson Jr (Director/Cha) $0 $1,049,193 $64,575
Ricky Turman (Director/Tre) $0 $447,329 $83,365
Milicent Larson (Executive Di) $0 $132,604 $38,737
Ray Rushing (Director/Sec) $0 $0 $0
Cynthia Lewis (Director/Vic) $0 $0 $0
Julie Carlson (Director) $0 $0 $0
Dana Broadway (Director) $0 $0 $0
Susan Davis (Assistant Se) $0 $93,565 $31,688
David Horner (Development) $0 $118,600 $51,151
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Document Links

990
Filed on May 28, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$219,487
Expenses
$81,709
Net Income
$137,778
Net Assets
$494,851
Notable Sources of Revenue Percent of Total Revenue
Contributions $18,468
8.4%
Program Services $0
Investment Income $10,929
5.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $169,302
77.1%
Sales of Assets -$558
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $494,851
Total Liabilities $0
Net Assets $494,851
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Murray Watson Jr (Director/Cha) $0 $1,307,110 $52,621
Ricky Turman (Director/Tre) $0 $570,079 $67,805
Milicent Larson (Executive Di) $0 $142,996 $40,708
Ray Rushing (Director/Sec) $0 $0 $0
Cynthia Lewis (Director/Vic) $0 $0 $0
Julie Carlson (Director) $0 $0 $0
Dana Broadway (Director) $0 $0 $0
Susan Davis (Assistant Se) $0 $103,935 $28,100
David Horner (Development) $0 $403,071 $79,087
+ View more people

Document Links

990
Filed on June 6, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$316,148
Expenses
$35,209
Net Income
$280,939
Net Assets
$452,386
Notable Sources of Revenue Percent of Total Revenue
Contributions $181,883
57.5%
Program Services $0
Investment Income $4,024
1.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $108,040
34.2%
Sales of Assets $125
0.0%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $452,386
Total Liabilities $0
Net Assets $452,386

Document Links

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$71,253
Expenses
$15,631
Net Income
$55,622
Net Assets
$171,911
Notable Sources of Revenue Percent of Total Revenue
Contributions $28,775
40.4%
Program Services $0
Investment Income $904
1.3%
Net Fundraising $41,574
58.3%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $172,871
Total Liabilities $960
Net Assets $171,911

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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Byline

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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