Carthage Improvements Corporation

Carthage, TX
Tax-exempt since Feb. 2000
EIN: 75-2792161

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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: Community Improvement, Capacity Building / Urban, Community Economic Development (NTEE)

Donations to this organization are tax deductible.

Revenue

$875k (2024)

Expenses

$143k (2024)

Total Assets

$3.11M (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 Sept.
2024

Revenue

$874,641

Expenses

$143,295

Net Income

$731,346

Net Assets

$3,106,931

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$75,005	8.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$799,636	91.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$33,976	23.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$3,106,931
Total Liabilities	$0
Net Assets	$3,106,931

Compensation

Key Employees and Officers	Compensation	Related	Other
Brenda Samford (Recording Se)	$33,976	$0	$0
Stephen K Williams (Chief Exe Of)	$0	$187,978	$7,830
Isha Brown (Director)	$0	$0	$0
Andy Coats (Director)	$0	$0	$0
John Cooke (Director)	$0	$0	$0
Jerry Hanszen (Secretary/Tr)	$0	$0	$0
Olin Joffrion (President)	$0	$0	$0
Stuart Lipsey (Director)	$0	$0	$0
Keri Perot Vance (Director)	$0	$0	$0

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990

Filed on Aug. 18, 2025

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

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Fiscal Year Ending Sept.
2023

Revenue

$928,096

Expenses

$132,165

Net Income

$795,931

Net Assets

$2,291,012

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$41,761	4.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$886,335	95.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$32,445	24.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$2,291,012
Total Liabilities	$0
Net Assets	$2,291,012

Compensation

Key Employees and Officers	Compensation	Related	Other
Brenda Samford (Recording Se)	$32,445	$0	$0
Stephen K Williams (Chief Exec O)	$0	$185,141	$0
Isha Brown (Director)	$0	$0	$0
John Cooke (Director)	$0	$0	$0
Dr Anthony Edwards (Director)	$0	$0	$0
Jerry Hanszen (Secretary/Tr)	$0	$0	$0
Olin Joffrion (President)	$0	$0	$0
Stuart Lipsey (Director)	$0	$0	$0
Keri Perot Vance (Director)	$0	$0	$0

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990

Filed on Aug. 9, 2024

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Fiscal Year Ending Sept.
2022

Revenue

$762,095

Expenses

$445,691

Net Income

$316,404

Net Assets

$1,495,081

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$7,596	1.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$754,499	99.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$30,900	6.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,495,081
Total Liabilities	$0
Net Assets	$1,495,081

Compensation

Key Employees and Officers	Compensation	Related	Other
Brenda Samford (Recording Se)	$30,900	$0	$0
Stephen K Williams (Chief Exec O)	$0	$179,914	$0
Isha Brown (Director)	$0	$0	$0
Walta Cooke (Secretary/Tr)	$0	$0	$0
Dr Anthony Edwards (Director)	$0	$0	$0
Jerry Hanszen (Director)	$0	$0	$0
Olin Joffrion (President)	$0	$0	$0
Stuart Lipsey (Director)	$0	$0	$0
Keri Perot Vance (Director)	$0	$0	$0

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990

Filed on Feb. 23, 2023

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

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Fiscal Year Ending Sept.
2021

Revenue

$645,591

Expenses

$131,249

Net Income

$514,342

Net Assets

$1,178,677

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$3,731	0.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$641,860	99.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$30,000	22.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$1,178,677
Total Liabilities	$0
Net Assets	$1,178,677

Compensation

Key Employees and Officers	Compensation	Related	Other
Brenda Samford (Recording Se)	$30,000	$0	$0
Stephen K Williams (Executive Di)	$0	$145,272	$0
Tate Barber (Director)	$0	$0	$0
Ida Beck (Director)	$0	$0	$0
Walta Cooke (Secretary/Tr)	$0	$0	$0
Dr Anthony Edwards (Director)	$0	$0	$0
Jerry Hanszen (Director)	$0	$0	$0
Olin Joffrion (President)	$0	$0	$0
Keri Perot Vance (Director)	$0	$0	$0

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990

Filed on Feb. 15, 2022

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

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Fiscal Year Ending Sept.
2020

Revenue

$640,414

Expenses

$451,370

Net Income

$189,044

Net Assets

$664,335

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$3,518	0.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$636,896	99.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$140,692	31.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$664,335
Total Liabilities	$0
Net Assets	$664,335

Compensation

Key Employees and Officers	Compensation	Related	Other
Charles Thomas (Executive Di)	$110,692	$0	$0
Brenda Samford (Recording Se)	$30,000	$0	$0
Tate Barber (Director)	$0	$0	$0
Ida Beck (Director)	$0	$0	$0
Jerry Hanszen (Director)	$0	$0	$0
Gladys Holland (Secretary/Tr)	$0	$0	$0
Olin Joffrion (President)	$0	$0	$0
Carson Joines (Director)	$0	$0	$0
Stephen K Williams (Executive Di)	$0	$0	$0

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990

Filed on March 23, 2021

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Fiscal Year Ending Sept.
2019

Revenue

$651,741

Expenses

$618,587

Net Income

$33,154

Net Assets

$475,291

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$3,221	0.5%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$648,520	99.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$140,068	22.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$477,167
Total Liabilities	$1,876
Net Assets	$475,291

Compensation

Key Employees and Officers	Compensation	Related	Other
Charles Thomas (Executive Di)	$112,068	$0	$0
Brenda Samford (Recording Se)	$28,000	$0	$0
Lynn Vincent (President)	$0	$0	$0
Gladys Holland (Secretary/Tr)	$0	$0	$0
Jerry Hanszen (Director)	$0	$0	$0
Carson Joines (Director)	$0	$0	$0
Ida Beck (Director)	$0	$0	$0
Olin Joffrion (Director)	$0	$0	$0
Tate Barber (Director)	$0	$0	$0

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990

Filed on May 19, 2020

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

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Fiscal Year Ending Sept.
2018

Revenue

$522,237

Expenses

$518,468

Net Income

$3,769

Net Assets

$442,137

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$2,132	0.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$520,105	99.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$135,868	26.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$444,013
Total Liabilities	$1,876
Net Assets	$442,137

Compensation

Key Employees and Officers	Compensation	Related	Other
Charles Thomas (Executive Di)	$108,559	$0	$3,309
Brenda Samford (Asst Exec Di)	$24,000	$0	$0
Lynn Vincent (President)	$0	$0	$0
Gladys Holland (Secretary/Tr)	$0	$0	$0
Jerry Hanszen (Director)	$0	$0	$0
Carson Joines (Director)	$0	$0	$0
Ida Beck (Director)	$0	$0	$0
Olin Joffrion (Director)	$0	$0	$0
Tate Barber (Director)	$0	$0	$0

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990

Filed on May 14, 2019

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Fiscal Year Ending Sept.
2017

Revenue

$443,901

Expenses

$495,713

Net Income

-$51,812

Net Assets

$438,368

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$1,268	0.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$442,633	99.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$137,219	27.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$440,244
Total Liabilities	$1,876
Net Assets	$438,368

Compensation

Key Employees and Officers	Compensation	Related	Other
Charles Thomas (Executive Di)	$106,937	$0	$6,282
Brenda Samford (Asst Exec Di)	$24,000	$0	$0
Lynn Vincent (President)	$0	$0	$0
Gladys Holland (Secretary/Tr)	$0	$0	$0
Jerry Hanszen (Director)	$0	$0	$0
Carson Joines (Director)	$0	$0	$0
Ida Beck (Director)	$0	$0	$0
Walta Cooke (Director)	$0	$0	$0
Tate Barber (Director)	$0	$0	$0

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990

Filed on April 2, 2018

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Fiscal Year Ending Sept.
2016

Revenue

$449,599

Expenses

$461,974

Net Income

-$12,375

Net Assets

$490,180

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$1,348	0.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$448,251	99.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$117,409	25.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$25,969	5.6%

Assets/Debt
Total Assets	$492,056
Total Liabilities	$1,876
Net Assets	$490,180

Compensation

Key Employees and Officers	Compensation	Related	Other
Charles Thomas (Executive Di)	$107,042	$0	$6,367
Brenda Samford (Asst Exec Di)	$4,000	$162,106	$0
Lynn Vincent (President)	$0	$0	$0
Gladys Holland (Secretary/Tr)	$0	$0	$0
Jerry Hanszen (Director)	$0	$0	$0
Carson Joines (Director)	$0	$0	$0
Olin Joffrion (Director)	$0	$0	$0
Tate Barber (Director)	$0	$0	$0

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990

Filed on April 3, 2017

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Fiscal Year Ending Sept.
2015

Revenue

$517,625

Expenses

$461,518

Net Income

$56,107

Net Assets

$502,555

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$1,471	0.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$516,154	99.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$113,859	24.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$38,657	8.4%

Assets/Debt
Total Assets	$504,431
Total Liabilities	$1,876
Net Assets	$502,555

Compensation

Key Employees and Officers	Compensation	Related	Other
Charles Thomas (Executive Di)	$108,176	$0	$5,683
Lynn Vincent (President)	$0	$0	$0
Gladys Holland (Secretary/Tr)	$0	$0	$0
Ida Beck (Director)	$0	$0	$0
Jerry Hanszen (Director)	$0	$0	$0
Olin Joffrion (Director)	$0	$0	$0
Tate Barber (Director)	$0	$0	$0
Carson Joines (Director)	$0	$0	$0

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990

Filed on March 15, 2016

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Fiscal Year Ending Sept.
2014

Revenue

$522,270

Expenses

$265,246

Net Income

$257,024

Net Assets

$446,448

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$893	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$521,377	99.8%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$84,845	32.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$3,550	1.3%

Assets/Debt
Total Assets	$448,324
Total Liabilities	$1,876
Net Assets	$446,448

990

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

PDF

Fiscal Year Ending Sept.
2013

Revenue

$498,224

Expenses

$646,319

Net Income

-$148,095

Net Assets

$189,424

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$1,861	0.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$496,363	99.6%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$48,000	7.4%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$191,300
Total Liabilities	$1,876
Net Assets	$189,424

990

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

PDF

Fiscal Year Ending Sept.
2012

Revenue

$527,769

Expenses

$206,994

Net Income

$320,775

Net Assets

$337,519

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$1,754	0.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$526,015	99.7%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$48,000	23.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$437,519
Total Liabilities	$100,000
Net Assets	$337,519

990

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

PDF

Fiscal Year Ending Sept.
2011

Revenue

$558,329

Expenses

$1,023,829

Net Income

-$465,500

Net Assets

$16,744

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$3,991	0.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$554,338	99.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$48,000	4.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$0

Assets/Debt
Total Assets	$416,744
Total Liabilities	$400,000
Net Assets	$16,744

990

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

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

PDF

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Carthage Improvements Corporation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $875k (2024)

Expenses $143k (2024)

Total Assets $3.11M (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Sept. 2024

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Sept. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Sept. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Sept. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Sept. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Sept. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Sept. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Sept. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Sept. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Sept. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

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990

Fiscal Year Ending Sept. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

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990

Fiscal Year Ending Sept. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Sept. 2012

Revenue

$875k (2024)

Expenses

$143k (2024)

Total Assets

$3.11M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Sept.
2024

Fiscal Year Ending Sept.
2023

Fiscal Year Ending Sept.
2022

Fiscal Year Ending Sept.
2021

Fiscal Year Ending Sept.
2020

Fiscal Year Ending Sept.
2019

Fiscal Year Ending Sept.
2018

Fiscal Year Ending Sept.
2017

Fiscal Year Ending Sept.
2016

Fiscal Year Ending Sept.
2015

Fiscal Year Ending Sept.
2014

Fiscal Year Ending Sept.
2013

Fiscal Year Ending Sept.
2012

Fiscal Year Ending Sept.
2011

Fiscal Year Ending Sept.
2010

Fiscal Year Ending Sept.
2009

Fiscal Year Ending Sept.
2008

Fiscal Year Ending Sept.
2007

Fiscal Year Ending Sept.
2006

Fiscal Year Ending Sept.
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Fiscal Year Ending Sept.
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Fiscal Year Ending Sept.
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Fiscal Year Ending Sept.
2002

Fiscal Year Ending Sept.
2001