Keown Charitable Foundation

Keown Alvin V & Gertrude Co Ttee

Bryan, TX
Tax-exempt since July 1993
EIN: 74-2668057

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Type of Nonprofit

Designated as a 501(c)(3) 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: Unknown / Unclassified (NTEE)

Donations to this organization are tax deductible.

Revenue

$251k (2024)

Expenses

$385k (2024)

Total Assets

$7.21M (2024)

Total Liabilities

$0 (2024)

Source: Form 990 tax filings from 2012 to 2024

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
2024

Revenue

$250,717

Expenses

$385,106

Net Income

-$134,389

Net Assets

$7,205,650

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$241,140	96.2%
Sales of Assets	$0
Other Income	$9,577	3.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$342,750	89.0%
Compensation of Officers*	$113,360	29.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$7,205,650
Total Liabilities	$0
Net Assets	$7,205,650

Compensation

Key Employees and Officers	Compensation	Other
Prosperity Bank (Trustee)	$60,560	$0
Mitchell Koop (Trustee)	$13,200	$0
Charles Wendt (Trustee)	$13,200	$0
Mary Cole (Trustee)	$13,200	$0
Lisa Dreher (Trustee)	$7,200	$0
Laverne Klenk (Trustee)	$6,000	$0

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990-PF

Filed on Jan. 15, 2025

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

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Fiscal Year Ending June
2023

Revenue

$260,103

Expenses

$369,940

Net Income

-$109,837

Net Assets

$7,287,427

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$245,832	94.5%
Sales of Assets	$0
Other Income	$14,271	5.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$328,555	88.8%
Compensation of Officers*	$121,970	33.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$7,287,427
Total Liabilities	$0
Net Assets	$7,287,427

Compensation

Key Employees and Officers	Compensation	Other
Prosperity Bank (Trustee)	$59,570	$0
Mitchell Koop (Trustee)	$15,600	$0
Laverne Klenk (Trustee)	$15,600	$0
Charles Wendt (Trustee)	$15,600	$0
Mary Cole (Trustee)	$15,600	$0

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990-PF

Filed on Dec. 6, 2023

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

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Fiscal Year Ending June
2022

Revenue

$382,026

Expenses

$408,026

Net Income

-$26,000

Net Assets

$7,389,802

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$353,541	92.5%
Sales of Assets	$0
Other Income	$28,485	7.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$366,942	89.9%
Compensation of Officers*	$119,978	29.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$7,389,802
Total Liabilities	$0
Net Assets	$7,389,802

Compensation

Key Employees and Officers	Compensation	Other
Prosperity Bank (Trustee)	$62,378	$0
Mitchell Koop (Trustee)	$14,400	$0
Laverne Klenk (Trustee)	$14,400	$0
Charles Wendt (Trustee)	$14,400	$0
Mary Cole (Trustee)	$14,400	$0

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990-PF

Filed on Nov. 30, 2022

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

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Fiscal Year Ending June
2021

Revenue

$221,134

Expenses

$387,047

Net Income

-$165,913

Net Assets

$7,365,722

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$210,609	95.2%
Sales of Assets	$0
Other Income	$10,525	4.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$348,144	89.9%
Compensation of Officers*	$118,352	30.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$7,365,723
Total Liabilities	$1
Net Assets	$7,365,722

Compensation

Key Employees and Officers	Compensation	Other
Prosperity Bank (Trustee)	$60,752	$0
Mitchell Koop (Trustee)	$14,400	$0
Laverne Klenk (Trustee)	$14,400	$0
Charles Wendt (Trustee)	$14,400	$0
Mary Cole (Trustee)	$14,400	$0

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990-PF

Filed on Nov. 15, 2021

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

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Fiscal Year Ending June
2020

Revenue

$231,484

Expenses

$405,505

Net Income

-$174,021

Net Assets

$7,465,002

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$206,460	89.2%
Sales of Assets	$0
Other Income	$25,024	10.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$366,495	90.4%
Compensation of Officers*	$103,573	25.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$7,465,003
Total Liabilities	$1
Net Assets	$7,465,002

Compensation

Key Employees and Officers	Compensation	Other
Prosperity Bank (Trustee)	$39,871	$0
Mitchell Koop (Trustee)	$14,700	$0
Laverne Klenk (Trustee)	$14,700	$0
Charles Wendt (Trustee)	$14,700	$0
Mary Cole (Trustee)	$14,700	$0
Wells Fargo Bank(see Misc Stmt) (Trustee)	$4,902	$0

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990-PF

Filed on March 4, 2021

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

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Fiscal Year Ending June
2019

Revenue

$264,460

Expenses

$485,116

Net Income

-$220,656

Net Assets

$7,053,360

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$249,208	94.2%
Sales of Assets	$0
Other Income	$15,252	5.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$435,729	89.8%
Compensation of Officers*	$101,651	21.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$7,053,361
Total Liabilities	$1
Net Assets	$7,053,360

Compensation

Key Employees and Officers	Compensation	Other
Wells Fargo Bank(see Misc Stmt) (Trustee)	$47,651	$0
Mitchell Koop (Trustee)	$13,500	$0
Laverne Klenk (Trustee)	$13,500	$0
Ira Betts (Trustee)	$13,500	$0
Charles Wendt (Trustee)	$13,500	$0

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990-PF

Filed on Feb. 20, 2020

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

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Fiscal Year Ending June
2018

Revenue

$247,858

Expenses

$485,853

Net Income

-$237,995

Net Assets

$7,073,958

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$226,991	91.6%
Sales of Assets	$0
Other Income	$20,867	8.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$435,007	89.5%
Compensation of Officers*	$102,548	21.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$7,073,958
Total Liabilities	$0
Net Assets	$7,073,958

Compensation

Key Employees and Officers	Compensation	Other
Wells Fargo Bank(see Misc Stmt) (Trustee)	$48,548	$0
Mitchell Koop (Trustee)	$13,500	$0
Laverne Klenk (Trustee)	$13,500	$0
Ira Betts (Trustee)	$13,500	$0
Charles Wendt (Trustee)	$13,500	$0

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990-PF

Filed on May 6, 2019

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

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Fiscal Year Ending June
2017

Revenue

$236,097

Expenses

$501,420

Net Income

-$265,323

Net Assets

$7,175,738

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$216,361	91.6%
Sales of Assets	$0
Other Income	$19,736	8.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$455,486	90.8%
Compensation of Officers*	$99,993	19.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$7,175,738
Total Liabilities	$0
Net Assets	$7,175,738

Compensation

Key Employees and Officers	Compensation	Other
Wells Fargo Bank(see Misc Stmt) (Trustee)	$45,993	$0
Mitchell Koop (Trustee)	$13,500	$0
Laverne Klenk (Trustee)	$13,500	$0
Ira Betts (Trustee)	$13,500	$0
Charles Wendt (Trustee)	$13,500	$0

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990-PF

Filed on May 9, 2018

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

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Fiscal Year Ending June
2016

Revenue

$247,716

Expenses

$465,317

Net Income

-$217,601

Net Assets

$7,114,991

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$201,520	81.4%
Sales of Assets	$0
Other Income	$46,196	18.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$418,779	90.0%
Compensation of Officers*	$54,000	11.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$7,114,991
Total Liabilities	$0
Net Assets	$7,114,991

Compensation

Key Employees and Officers	Compensation	Other
Wells Fargo Bank(see Misc Stmt) (Trustee)	$52,947	$0
Mitchell Koop (Trustee)	$13,500	$0
Laverne Klenk (Trustee)	$13,500	$0
Ira Betts (Trustee)	$13,500	$0
Charles Wendt (Trustee)	$13,500	$0

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990-PF

Filed on Feb. 6, 2017

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

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Fiscal Year Ending June
2015

Revenue

$290,019

Expenses

$448,840

Net Income

-$158,821

Net Assets

$7,341,560

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$234,680	80.9%
Sales of Assets	$0
Other Income	$55,339	19.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$401,227	89.4%
Compensation of Officers*	$105,402	23.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$7,341,560
Total Liabilities	$0
Net Assets	$7,341,560

Compensation

Key Employees and Officers	Compensation	Other
Wells Fargo Bank (Trustee)	$51,402	$0
Mitchell Koop (Trustee)	$13,500	$0
Laverne Klenk (Trustee)	$13,500	$0
Ira Betts (Trustee)	$13,500	$0
Charles Wendt (Trustee)	$13,500	$0

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990-PF

Filed on Feb. 9, 2016

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

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Fiscal Year Ending June
2014

Revenue

$192,136

Expenses

$438,214

Net Income

-$246,078

Net Assets

$7,182,391

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$180,889	94.1%
Sales of Assets	$0
Other Income	$11,247	5.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$382,475	87.3%
Compensation of Officers*	$54,000	12.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$7,182,391
Total Liabilities	$0
Net Assets	$7,182,391

Compensation

Key Employees and Officers	Compensation	Other
Mitchell Koop (Trustee)	$13,500	$0
Laverne Klenk (Trustee)	$13,500	$0
Ira Betts (Trustee)	$13,500	$0
Charles Wendt (Trustee)	$13,500	$0
Kenneth Loke Co Wells Fargo Bank (Trustee)	$0	$0

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990-PF

Filed on Nov. 7, 2014

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

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Fiscal Year Ending June
2013

Revenue

$202,775

Expenses

$341,470

Net Income

-$138,695

Net Assets

$6,728,101

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$186,382	91.9%
Sales of Assets	$0
Other Income	$16,393	8.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$303,676	88.9%
Compensation of Officers*	$54,000	15.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,728,102
Total Liabilities	$1
Net Assets	$6,728,101

990-PF

Filed on Dec. 19, 2013

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

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Fiscal Year Ending June
2012

Revenue

$248,658

Expenses

$343,738

Net Income

-$95,080

Net Assets

$6,657,681

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$223,194	89.8%
Sales of Assets	$0
Other Income	$25,464	10.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$301,624	87.7%
Compensation of Officers*	$54,000	15.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,657,682
Total Liabilities	$1
Net Assets	$6,657,681

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.

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Updated September 25, 2025

Keown Charitable Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $251k (2024)

Expenses $385k (2024)

Total Assets $7.21M (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending June 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending June 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Revenue

$251k (2024)

Expenses

$385k (2024)

Total Assets

$7.21M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending June
2024

Fiscal Year Ending June
2023

Fiscal Year Ending June
2022

Fiscal Year Ending June
2021

Fiscal Year Ending June
2020

Fiscal Year Ending June
2019

Fiscal Year Ending June
2018

Fiscal Year Ending June
2017

Fiscal Year Ending June
2016

Fiscal Year Ending June
2015

Fiscal Year Ending June
2014

Fiscal Year Ending June
2013

Fiscal Year Ending June
2012

Fiscal Year Ending June
2011

Fiscal Year Ending June
2010

Fiscal Year Ending June
2009

Fiscal Year Ending June
2008

Fiscal Year Ending June
2007

Fiscal Year Ending June
2006

Fiscal Year Ending June
2005

Fiscal Year Ending June
2004

Fiscal Year Ending June
2003

Fiscal Year Ending June
2002

Fiscal Year Ending June
2001