B C And Gladys L Drinkard Foundation Inc

Brownwood, TX
Tax-exempt since Jan. 1986
EIN: 75-2054014

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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.

Donations to this organization are tax deductible.

Revenue

$360k (2024)

Expenses

$20.5k (2024)

Total Assets

$418k (2024)

Total Liabilities

$0 (2024)

Source: Form 990 tax filings from 2011 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 Dec.
2024

Revenue

$360,449

Expenses

$20,455

Net Income

$339,994

Net Assets

$417,869

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$359,908	99.8%
Interest Revenue	$767	0.2%
Dividends	$3,949	1.1%
Sales of Assets	-$4,175
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$19,572	95.7%
Compensation of Officers*	$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	$417,869
Total Liabilities	$0
Net Assets	$417,869

Compensation

Key Employees and Officers	Compensation	Other
Gene Deason (Asst Secr/Treas)	$0	$0
Robert Porter (President)	$0	$0
Priscilla Monson (Vice President)	$0	$0
Paul Underwood (Treasurer)	$0	$0
Paul Waldrop Jr (Secretary)	$0	$0

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990-PF

Filed on Nov. 10, 2025

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

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Schedules ▼

XML

Fiscal Year Ending Dec.
2023

Revenue

$2,369

Expenses

$7,444

Net Income

-$5,075

Net Assets

$77,875

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$25	1.1%
Dividends	$1,840	77.7%
Sales of Assets	$63	2.7%
Other Income	$441	18.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$6,397	85.9%
Compensation of Officers*	$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	$77,875
Total Liabilities	$0
Net Assets	$77,875

Compensation

Key Employees and Officers	Compensation	Other
Carter Sharpe (President)	$0	$0
Robert Porter (Vice President)	$0	$0
Priscilla Monson (Secretary)	$0	$0
Paul Underwood (Asst Sec/Treas)	$0	$0
Paul Waldrop Jr (Treasurer)	$0	$0

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990-PF

Filed on Nov. 13, 2024

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

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XML

Fiscal Year Ending Dec.
2022

Revenue

$1,802

Expenses

$5,440

Net Income

-$3,638

Net Assets

$82,950

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$6	0.3%
Dividends	$1,503	83.4%
Sales of Assets	-$566
Other Income	$859	47.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$4,387	80.6%
Compensation of Officers*	$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	$82,950
Total Liabilities	$0
Net Assets	$82,950

Compensation

Key Employees and Officers	Compensation	Other
J William Blagg (President)	$0	$0
Carter Sharpe (Vice President)	$0	$0
Robert Porter (Secretary)	$0	$0
Priscilla Monson (Treasurer)	$0	$0
Paul Waldrop Jr (Asst Sec/Treas)	$0	$0

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990-PF

Filed on June 8, 2023

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

-$455

Expenses

$5,488

Net Income

-$5,943

Net Assets

$86,588

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$4
Dividends	$1,756
Sales of Assets	-$5,677
Other Income	$3,462

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$4,368	79.6%
Compensation of Officers*	$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	$86,588
Total Liabilities	$0
Net Assets	$86,588

Compensation

Key Employees and Officers	Compensation	Other
Gene Deason (President)	$0	$0
Keith Clark (Vice President)	$0	$0
J William Blagg (Treasurer)	$0	$0
Pierre Osbourn (Secretary)	$0	$0
Carter Sharpe (Asst Sec/Treas)	$0	$0

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990-PF

Filed on Nov. 15, 2022

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

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Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

$3,238

Expenses

$4,742

Net Income

-$1,504

Net Assets

$92,530

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$9	0.3%
Dividends	$3,228	99.7%
Sales of Assets	$1	0.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$4,462	94.1%
Compensation of Officers*	$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	$92,531
Total Liabilities	$1
Net Assets	$92,530

Compensation

Key Employees and Officers	Compensation	Other
Gene Deason (Vice President)	$0	$0
Keith Clark (Secretary)	$0	$0
J William Blagg (Asst Secretary)	$0	$0
Pierre Osbourn (Treasurer)	$0	$0
Paul Waldrop Jr (President)	$0	$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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XML

Fiscal Year Ending Dec.
2019

Revenue

$6,643

Expenses

$5,086

Net Income

$1,557

Net Assets

$94,034

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$16	0.2%
Dividends	$3,017	45.4%
Sales of Assets	$3,539	53.3%
Other Income	$71	1.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$4,869	95.7%
Compensation of Officers*	$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	$94,035
Total Liabilities	$1
Net Assets	$94,034

Compensation

Key Employees and Officers	Compensation	Other
Gene Deason (Secretary)	$0	$0
Keith Clark (Treasurer)	$0	$0
Pierre Osbourn (Asst Secretary)	$0	$0
Ada Turner (President)	$0	$0
Paul Waldrop Jr (Vice President)	$0	$0

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990-PF

Filed on July 29, 2020

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

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Fiscal Year Ending Dec.
2018

Revenue

$4,248

Expenses

$6,603

Net Income

-$2,355

Net Assets

$92,478

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$3	0.1%
Dividends	$7,787	> 100%
Sales of Assets	-$3,700
Other Income	$158	3.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$5,200	78.8%
Compensation of Officers*	$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	$92,478
Total Liabilities	$0
Net Assets	$92,478

Compensation

Key Employees and Officers	Compensation	Other
Gene Deason (Treasurer)	$0	$0
Keith Clark (Asst Secretary)	$0	$0
Paul Underwood (President)	$0	$0
Ada Turner (Vice President)	$0	$0
Paul Waldrop Jr (Secretary)	$0	$0

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990-PF

Filed on Nov. 12, 2019

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2017

Revenue

$2,961

Expenses

$5,050

Net Income

-$2,089

Net Assets

$94,833

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$3	0.1%
Dividends	$2,896	97.8%
Sales of Assets	$0
Other Income	$62	2.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$4,900	97.0%
Compensation of Officers*	$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	$94,833
Total Liabilities	$0
Net Assets	$94,833

Compensation

Key Employees and Officers	Compensation	Other
Gene Deason (Asst S/T)	$0	$0
Priscilla Monson (President)	$0	$0
Paul Underwood (Vice President)	$0	$0
Ada Turner (Secretary)	$0	$0
Paul Waldrop Jr (Treasurer)	$0	$0

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990-PF

Filed on May 15, 2018

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2016

Revenue

$2,853

Expenses

$4,902

Net Income

-$2,049

Net Assets

$96,922

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$7	0.2%
Dividends	$2,846	99.8%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$4,806	98.0%
Compensation of Officers*	$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	$96,922
Total Liabilities	$0
Net Assets	$96,922

Compensation

Key Employees and Officers	Compensation	Other
Greg Dodds (President)	$0	$0
Priscilla Monson (Vice President)	$0	$0
Paul Underwood (Secretary)	$0	$0
Ada Turner (Treasurer)	$0	$0
Paul Waldrop Jr (Asst S/T)	$0	$0

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990-PF

Filed on Nov. 14, 2017

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

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Fiscal Year Ending Dec.
2015

Revenue

$2,363

Expenses

$5,504

Net Income

-$3,141

Net Assets

$98,971

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$116	4.9%
Dividends	$3,062	> 100%
Sales of Assets	-$889
Other Income	$74	3.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$5,416	98.4%
Compensation of Officers*	$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	$98,971
Total Liabilities	$0
Net Assets	$98,971

Compensation

Key Employees and Officers	Compensation	Other
Robert Porter (President)	$0	$0
Greg Dodds (Vice President)	$0	$0
Priscilla Monson (Secretary)	$0	$0
Paul Underwood (Treasurer)	$0	$0
Ada Turner (Asst S/T)	$0	$0

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990-PF

Filed on Nov. 15, 2016

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

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Fiscal Year Ending Dec.
2014

Revenue

$3,424

Expenses

$5,373

Net Income

-$1,949

Net Assets

$102,112

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$115	3.4%
Dividends	$3,066	89.5%
Sales of Assets	$0
Other Income	$243	7.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$5,307	98.8%
Compensation of Officers*	$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	$102,112
Total Liabilities	$0
Net Assets	$102,112

Compensation

Key Employees and Officers	Compensation	Other
Carter Sharpe (President)	$0	$0
Robert Porter (Vice President)	$0	$0
Greg Dodds (Secretary)	$0	$0
Priscilla Monson (Treasurer)	$0	$0
Paul Underwood (Asst S/T)	$0	$0

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990-PF

Filed on Aug. 11, 2015

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

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Fiscal Year Ending Dec.
2013

Revenue

$72

Expenses

$3,628

Net Income

-$3,556

Net Assets

$104,061

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$121	> 100%
Dividends	$1,466	> 100%
Sales of Assets	-$1,548
Other Income	$33	45.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,600	99.2%
Compensation of Officers*	$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	$104,061
Total Liabilities	$0
Net Assets	$104,061

Compensation

Key Employees and Officers	Compensation	Other
Carter Sharpe (Vice President)	$0	$0
Robert Porter (Secretary)	$0	$0
Greg Dodds (Treasurer)	$0	$0
Priscilla Monson (Asst Sec/Treas)	$0	$0
J Fred Perry (President)	$0	$0

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990-PF

Filed on May 14, 2014

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

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Fiscal Year Ending Dec.
2012

Revenue

$2,018

Expenses

$5,027

Net Income

-$3,009

Net Assets

$107,616

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$243	12.0%
Dividends	$4,124	> 100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$5,000	99.5%
Compensation of Officers*	$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	$107,617
Total Liabilities	$1
Net Assets	$107,616

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$4,135

Expenses

$5,313

Net Income

-$1,178

Net Assets

$110,625

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$276	6.7%
Dividends	$3,859	93.3%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$5,148	96.9%
Compensation of Officers*	$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	$110,626
Total Liabilities	$1
Net Assets	$110,625

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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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 »

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Updated January 26, 2026

B C And Gladys L Drinkard Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $360k (2024)

Expenses $20.5k (2024)

Total Assets $418k (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

Revenue

$360k (2024)

Expenses

$20.5k (2024)

Total Assets

$418k (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003

Fiscal Year Ending Dec.
2002

Fiscal Year Ending Dec.
2001