Skip to content
ProPublica Donate
ProPublica Donate

Colket Foundation

  • Fairview, TX
  • Tax-exempt since Sept. 2014
  • EIN: 46-5050393

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: Philanthropy, Voluntarism and Grantmaking Foundations / Private Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$25.1k (2023)

Expenses
$80.1k (2023)

Total Assets
$795k (2023)

Total Liabilities
$0 (2023)

Source: Form 990 tax filings from 2015 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 Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$25,059
Expenses
$80,065
Net Income
-$55,006
Net Assets
$795,391
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $157
0.6%
Dividends $39,838
> 100%
Sales of Assets -$14,936
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $64,651
80.7%
Compensation of Officers* $17,500
21.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $795,391
Total Liabilities $0
Net Assets $795,391
Compensation
Key Employees and Officers Compensation Other
Charles H Colket (Pres/Dir.) $2,500 $0
Lisa C Schrimsher (Vp/Dir.) $2,500 $0
Lauri A Youngblood (Director) $2,500 $0
Leslie C Jackson (Sec/Trs/Dir.) $2,500 $0
Rick L Schrimsher (Director) $2,500 $0
Scott P Youngblood (Director) $2,500 $0
Timothy M Jackson (Director) $2,500 $0
+ View more people

Document Links

990-PF
Filed on Nov. 15, 2024

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$86,330
Expenses
$71,178
Net Income
$15,152
Net Assets
$850,397
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $105
0.1%
Dividends $35,105
40.7%
Sales of Assets $51,120
59.2%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $58,496
82.2%
Compensation of Officers* $10,000
14.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $850,397
Total Liabilities $0
Net Assets $850,397
Compensation
Key Employees and Officers Compensation Other
Charles H Colket (Pres/Dir.) $2,500 $0
Lisa C Schrimsher (Vp/Dir.) $2,500 $0
Lauri A Youngblood (Director) $2,500 $0
Leslie C Jackson (Sec/Trs/Dir.) $2,500 $0
Rick L Schrimsher (Director) $0 $0
Scott P Youngblood (Director) $0 $0
Timothy M Jackson (Director) $0 $0
+ View more people

Document Links

990-PF
Filed on Nov. 14, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$51,373
Expenses
$53,642
Net Income
-$2,269
Net Assets
$835,245
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $35,342
68.8%
Sales of Assets $15,530
30.2%
Other Income $501
1.0%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $39,427
73.5%
Compensation of Officers* $10,000
18.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $835,245
Total Liabilities $0
Net Assets $835,245
Compensation
Key Employees and Officers Compensation Other
Charles H Colket (Pres/Dir.) $2,500 $0
Lisa C Schrimsher (Vp/Dir.) $1,250 $0
Lauri A Youngblood (Director) $1,250 $0
Leslie C Jackson (Sec/Trs/Dir.) $1,250 $0
Rick L Schrimsher (Director) $1,250 $0
Scott P Youngblood (Director) $1,250 $0
Timothy M Jackson (Director) $1,250 $0
+ View more people

Document Links

990-PF
Filed on Nov. 15, 2022

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$150,309
Expenses
$52,062
Net Income
$98,247
Net Assets
$837,513
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $33,415
22.2%
Sales of Assets $116,894
77.8%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $41,599
79.9%
Compensation of Officers* $10,000
19.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $837,514
Total Liabilities $1
Net Assets $837,513
Compensation
Key Employees and Officers Compensation Other
Charles H Colket (Pres/Dir.) $2,500 $0
Lisa C Schrimsher (Vp/Dir.) $1,250 $0
Lauri A Youngblood (Director) $1,250 $0
Leslie C Jackson (Sec/Trs/Dir.) $1,250 $0
Rick L Schrimsher (Director) $1,250 $0
Scott P Youngblood (Director) $1,250 $0
Timothy M Jackson (Director) $1,250 $0
+ View more people

Document Links

990-PF
Filed on Nov. 11, 2021

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$15,185
Expenses
$47,921
Net Income
-$32,736
Net Assets
$739,266
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $32,127
> 100%
Sales of Assets $0
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $39,759
83.0%
Compensation of Officers* $10,000
20.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $739,267
Total Liabilities $1
Net Assets $739,266
Compensation
Key Employees and Officers Compensation Other
Charles H Colket (Pres/Dir.) $2,500 $0
Lisa C Schrimsher (Vp/Dir.) $1,250 $0
Lauri A Youngblood (Director) $1,250 $0
Leslie C Jackson (Sec/Trs/Dir.) $1,250 $0
Rick L Schrimsher (Director) $1,250 $0
Scott P Youngblood (Director) $1,250 $0
Timothy M Jackson (Director) $1,250 $0
+ View more people

Document Links

990-PF
Filed on July 13, 2020

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$40,368
Expenses
$64,562
Net Income
-$24,194
Net Assets
$772,003
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $32,060
79.4%
Sales of Assets $8,308
20.6%
Other Income $0
Notable Expenses Percent of Total Expenses
Charitable Disbursements $56,015
86.8%
Compensation of Officers* $10,000
15.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $772,003
Total Liabilities $0
Net Assets $772,003
Compensation
Key Employees and Officers Compensation Other
Charles H Colket (Pres/Dir.) $0 $2,500
Lisa C Schrimsher (Vp/Dir.) $0 $1,250
Lauri A Youngblood (Director) $0 $1,250
Leslie C Jackson (Sec/Trs/Dir.) $0 $1,250
Rick L Schrimsher (Director) $0 $1,250
Scott P Youngblood (Director) $0 $1,250
Timothy M Jackson (Director) $0 $1,250
+ View more people

Document Links

990-PF
Filed on May 15, 2019

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$42,199
Expenses
$49,649
Net Income
-$7,450
Net Assets
$796,197
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $0
Dividends $28,827
68.3%
Sales of Assets $13,334
31.6%
Other Income $38
0.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $42,541
85.7%
Compensation of Officers* $7,000
14.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $796,197
Total Liabilities $0
Net Assets $796,197
Compensation
Key Employees and Officers Compensation Other
Charles H Colket (President) $0 $1,000
Lisa C Schrimsher (Vice President) $0 $1,000
Lauri A Youngblood (Director) $0 $1,000
Leslie C Jackson (Secretary/Treas) $0 $1,000
Rick L Schrimsher (Director) $0 $1,000
Scott P Youngblood (Director) $0 $1,000
Timothy M Jackson (Director) $0 $1,000
+ View more people

Document Links

990-PF
Filed on June 4, 2018

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$25,297
Expenses
$42,696
Net Income
-$17,399
Net Assets
$803,647
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $3
0.0%
Dividends $27,046
> 100%
Sales of Assets -$1,301
Other Income -$451
Notable Expenses Percent of Total Expenses
Charitable Disbursements $36,222
84.8%
Compensation of Officers* $3,500
8.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $803,647
Total Liabilities $0
Net Assets $803,647
Compensation
Key Employees and Officers Compensation Other
Charles H Colket (President) $0 $500
Lisa C Schrimsher (Vice President) $0 $1,000
Lauri A Youngblood (Director) $0 $1,000
Leslie C Jackson (Secretary/Treas) $0 $500
Rick L Schrimsher (Director) $0 $0
Scott P Youngblood (Director) $0 $0
Timothy M Jackson (Director) $0 $500
+ View more people

Document Links

990-PF
Filed on May 11, 2017

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML
990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$870,033
Expenses
$48,987
Net Income
$821,046
Net Assets
$821,046
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $843,399
96.9%
Interest Revenue $0
Dividends $28,439
3.3%
Sales of Assets -$1,257
Other Income -$548
Notable Expenses Percent of Total Expenses
Charitable Disbursements $42,858
87.5%
Compensation of Officers* $7,000
14.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $821,046
Total Liabilities $0
Net Assets $821,046
Compensation
Key Employees and Officers Compensation Other
Charles H Colket (President) $0 $1,000
Lisa C Schrimsher (Vice President) $0 $1,000
Lauri A Youngblood (Director) $0 $1,000
Leslie C Jackson (Secretary/Treas) $0 $1,000
Rick L Schrimsher (Director) $0 $1,000
Scott P Youngblood (Director) $0 $1,000
Timothy M Jackson (Director) $0 $1,000
+ View more people

Document Links

990-PF
Filed on April 13, 2016

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML

About This Data

What Is 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.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

See an issue with the data?

Contact Us

About Nonprofit Explorer

Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

By Andrea Suozzo, Alec Glassford, Ash Ngu and Brandon Roberts.

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.

Updated