Marshall Formby Foundation

Victoria, TX
Tax-exempt since Nov. 1987
EIN: 75-2156614

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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

$78.8k (2024)

Expenses

$46.9k (2024)

Total Assets

$1.15M (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

$78,781

Expenses

$46,929

Net Income

$31,852

Net Assets

$1,149,696

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$12,300	15.6%
Dividends	$49,686	63.1%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$40,000	85.2%
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	$1,149,696
Total Liabilities	$0
Net Assets	$1,149,696

Compensation

Key Employees and Officers	Compensation	Other
Brent Hamilton (Trustee)	$0	$0
Danny Glenn (Trustee)	$0	$0
Jeffrey Tunnell (Trustee)	$0	$0

990-PF

Filed on May 13, 2025

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

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Fiscal Year Ending Dec.
2023

Revenue

$76,473

Expenses

$53,475

Net Income

$22,998

Net Assets

$1,243,799

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$10,512	13.7%
Dividends	$41,393	54.1%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$40,000	74.8%
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	$1,243,799
Total Liabilities	$0
Net Assets	$1,243,799

Compensation

Key Employees and Officers	Compensation	Other
Brent Hamilton (Trustee)	$0	$0
Danny Glenn (Trustee)	$0	$0
Jeffrey Tunnell (Trustee)	$0	$0

990-PF

Filed on Oct. 9, 2024

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

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Fiscal Year Ending Dec.
2022

Revenue

$65,188

Expenses

$66,881

Net Income

-$1,693

Net Assets

$1,150,375

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2,324	3.6%
Dividends	$41,245	63.3%
Sales of Assets	$15	0.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$60,000	89.7%
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	$1,150,375
Total Liabilities	$0
Net Assets	$1,150,375

Compensation

Key Employees and Officers	Compensation	Other
Brent Hamilton (Trustee)	$0	$0
Danny Glenn (Trustee)	$0	$0
Jeffrey Tunnell (Trustee)	$0	$0

990-PF

Filed on Oct. 13, 2023

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

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Fiscal Year Ending Dec.
2021

Revenue

$58,579

Expenses

$7,418

Net Income

$51,161

Net Assets

$1,153,685

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$22	0.0%
Dividends	$40,691	69.5%
Sales of Assets	-$3,738
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$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	$1,153,685
Total Liabilities	$0
Net Assets	$1,153,685

Compensation

Key Employees and Officers	Compensation	Other
Graddy Tunnell (Trustee)	$0	$0
Happy State Bank (Foundation Mana)	$0	$0

990-PF

Filed on June 12, 2022

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

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Fiscal Year Ending Dec.
2020

Revenue

$72,730

Expenses

$69,639

Net Income

$3,091

Net Assets

$1,101,142

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$54,779	75.3%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$64,000	91.9%
Compensation of Officers*	$2,000	2.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,101,143
Total Liabilities	$1
Net Assets	$1,101,142

Compensation

Key Employees and Officers	Compensation	Other
John Anderson (Trustee)	$1,000	$0
Graddy Tunnell (Trustee)	$1,000	$0
Happy State Bank (Foundation Mana)	$0	$0

990-PF

Filed on Oct. 13, 2021

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

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Fiscal Year Ending Dec.
2019

Revenue

$58,743

Expenses

$77,979

Net Income

-$19,236

Net Assets

$1,104,404

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$55,274	94.1%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$68,000	87.2%
Compensation of Officers*	$6,514	8.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,104,405
Total Liabilities	$1
Net Assets	$1,104,404

Compensation

Key Employees and Officers	Compensation	Other
Centennial Bank (Foundation Mana)	$3,514	$0
John Anderson (Trustee)	$1,500	$0
Graddy Tunnell (Trustee)	$1,500	$0

990-PF

Filed on April 9, 2020

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

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Fiscal Year Ending Dec.
2018

Revenue

$74,794

Expenses

$75,301

Net Income

-$507

Net Assets

$1,122,500

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$53,192	71.1%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$68,000	90.3%
Compensation of Officers*	$3,500	4.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,122,500
Total Liabilities	$0
Net Assets	$1,122,500

Compensation

Key Employees and Officers	Compensation	Other
Centennial Bank (Foundation Mana)	$1,500	$0
John Anderson (Trustee)	$1,000	$0
Graddy Tunnell (Trustee)	$1,000	$0

990-PF

Filed on April 12, 2019

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

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Fiscal Year Ending Dec.
2017

Revenue

$41,079

Expenses

$80,425

Net Income

-$39,346

Net Assets

$1,115,107

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$15	0.0%
Dividends	$47,597	> 100%
Sales of Assets	-$28,135
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$66,000	82.1%
Compensation of Officers*	$9,118	11.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,115,107
Total Liabilities	$0
Net Assets	$1,115,107

Compensation

Key Employees and Officers	Compensation	Other
Centennial Bank (Foundation Mana)	$4,618	$0
John Anderson (Trustee)	$1,500	$0
Tom Hamilton (Trustee)	$1,500	$0
Graddy Tunnell (Trustee)	$1,500	$0

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990-PF

Filed on Aug. 20, 2018

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

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XML

Fiscal Year Ending Dec.
2016

Revenue

$40,774

Expenses

$66,958

Net Income

-$26,184

Net Assets

$1,152,916

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$43,423	> 100%
Sales of Assets	-$24,251
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$60,000	89.6%
Compensation of Officers*	$4,085	6.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,212,916
Total Liabilities	$60,000
Net Assets	$1,152,916

Compensation

Key Employees and Officers	Compensation	Other
Centennial Bank (Foundation Mana)	$4,085	$0
John Anderson (Trustee)	$0	$0
Tom Hamilton (Trustee)	$0	$0
Graddy Tunnell (Trustee)	$0	$0

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990-PF

Filed on May 11, 2017

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

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Fiscal Year Ending Dec.
2015

Revenue

$105,033

Expenses

$87,416

Net Income

$17,617

Net Assets

$1,179,725

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$69,566	66.2%
Sales of Assets	$13,865	13.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$64,000	73.2%
Compensation of Officers*	$20,468	23.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,179,725
Total Liabilities	$0
Net Assets	$1,179,725

Compensation

Key Employees and Officers	Compensation	Other
Centennial Bank (Foundation Mana)	$5,468	$0
John Anderson (Trustee)	$5,000	$0
Tom Hamilton (Trustee)	$5,000	$0
Graddy Tunnell (Trustee)	$5,000	$0

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990-PF

Filed on May 11, 2016

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

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Fiscal Year Ending Dec.
2014

Revenue

$34,991

Expenses

$97,483

Net Income

-$62,492

Net Assets

$1,163,415

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$71,208	> 100%
Sales of Assets	-$57,817
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$80,000	82.1%
Compensation of Officers*	$14,488	14.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,163,415
Total Liabilities	$0
Net Assets	$1,163,415

Compensation

Key Employees and Officers	Compensation	Other
Centennial Bank (Foundation Mana)	$5,488	$0
John Anderson (Trustee)	$3,000	$0
Tom Hamilton (Trustee)	$3,000	$0
Graddy Tunnell (Trustee)	$3,000	$0

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990-PF

Filed on May 12, 2015

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

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Fiscal Year Ending Dec.
2013

Revenue

$54,182

Expenses

$91,247

Net Income

-$37,065

Net Assets

$1,220,831

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$59,568	> 100%
Sales of Assets	-$49,660
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$72,000	78.9%
Compensation of Officers*	$15,230	16.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,220,831
Total Liabilities	$0
Net Assets	$1,220,831

Compensation

Key Employees and Officers	Compensation	Other
Centennial Bank (Foundation Mana)	$6,230	$0
John Anderson (Trustee)	$3,000	$0
Tom Hamilton (Trustee)	$3,000	$0
Graddy Tunnell (Trustee)	$3,000	$0

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990-PF

Filed on May 6, 2014

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

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Fiscal Year Ending Dec.
2012

Revenue

$447,716

Expenses

$131,945

Net Income

$315,771

Net Assets

$1,271,333

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$53,761	12.0%
Sales of Assets	$321,025	71.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$100,000	75.8%
Compensation of Officers*	$28,611	21.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,271,334
Total Liabilities	$1
Net Assets	$1,271,333

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$84,759

Expenses

$81,304

Net Income

$3,455

Net Assets

$954,008

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$34,959	41.2%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$64,000	78.7%
Compensation of Officers*	$4,937	6.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$954,008
Total Liabilities	$0
Net Assets	$954,008

990-PF

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

PDF

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

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Marshall Formby Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $78.8k (2024)

Expenses $46.9k (2024)

Total Assets $1.15M (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

$78.8k (2024)

Expenses

$46.9k (2024)

Total Assets

$1.15M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

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2022

Fiscal Year Ending Dec.
2021

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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.
2008

Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
2001