M K Brown Foundation Inc

Pampa, TX
Tax-exempt since July 1961
EIN: 75-6034058

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

Donations to this organization are tax deductible.

Revenue

$219k (2023)

Expenses

$365k (2023)

Total Assets

$7.22M (2023)

Total Liabilities

$8.98k (2023)

Source: Form 990 tax filings from 2011 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

Revenue

$218,598

Expenses

$365,457

Net Income

-$146,859

Net Assets

$7,211,775

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$176,053	80.5%
Sales of Assets	-$62,603
Other Income	$105,148	48.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$235,800	64.5%
Compensation of Officers*	$37,000	10.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$7,220,753
Total Liabilities	$8,978
Net Assets	$7,211,775

Compensation

Key Employees and Officers	Compensation	Other
Diane Waters (Asst Sec/Treas)	$22,000	$0
Leland W Waters (Chairman)	$15,000	$0
Doug Carmichael (Vice Chmn)	$0	$0
Ja Johnson (Sec/Treas)	$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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Fiscal Year Ending Dec.
2022

Revenue

$598,962

Expenses

$394,125

Net Income

$204,837

Net Assets

$6,623,111

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$133,214	22.2%
Sales of Assets	$321,990	53.8%
Other Income	$143,758	24.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$260,181	66.0%
Compensation of Officers*	$15,000	3.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,631,362
Total Liabilities	$8,251
Net Assets	$6,623,111

Compensation

Key Employees and Officers	Compensation	Other
Leland W Waters (Chairman)	$15,000	$0
Doug Carmichael (Vice Chmn)	$0	$0
Ja Johnson (Sec/Treas)	$0	$0
Diane Waters (Asst Sec/Treas)	$0	$0

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990-PF

Filed on Nov. 13, 2023

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

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PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$771,539

Expenses

$462,175

Net Income

$309,364

Net Assets

$7,852,719

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1	0.0%
Dividends	$167,501	21.7%
Sales of Assets	$483,138	62.6%
Other Income	$120,899	15.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$382,559	82.8%
Compensation of Officers*	$35,750	7.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$7,867,177
Total Liabilities	$14,458
Net Assets	$7,852,719

Compensation

Key Employees and Officers	Compensation	Other
Diane Waters (Asst Sec/Treas)	$22,000	$0
Leland W Waters (Chairman)	$13,750	$0
Doug Carmichael (Vice Chmn)	$0	$0
Ja Johnson (Sec/Treas)	$0	$0

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990-PF

Filed on Oct. 7, 2022

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

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XML

Fiscal Year Ending Dec.
2020

Revenue

$293,665

Expenses

$403,534

Net Income

-$109,869

Net Assets

$8,139,687

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$35	0.0%
Dividends	$135,216	46.0%
Sales of Assets	$95,891	32.7%
Other Income	$62,523	21.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$330,389	81.9%
Compensation of Officers*	$34,000	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	$8,150,237
Total Liabilities	$10,550
Net Assets	$8,139,687

Compensation

Key Employees and Officers	Compensation	Other
Diane Waters (Asst Sec/Treas)	$22,000	$0
Leland W Waters (Chairman)	$12,000	$0
Doug Carmichael (Vice Chmn)	$0	$0
Ja Johnson (Sec/Treas)	$0	$0

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990-PF

Filed on Nov. 11, 2021

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

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Fiscal Year Ending Dec.
2019

Revenue

$407,078

Expenses

$383,438

Net Income

$23,640

Net Assets

$6,758,752

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$193	0.0%
Dividends	$134,902	33.1%
Sales of Assets	$165,151	40.6%
Other Income	$106,832	26.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$313,835	81.8%
Compensation of Officers*	$30,200	7.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,767,376
Total Liabilities	$8,624
Net Assets	$6,758,752

Compensation

Key Employees and Officers	Compensation	Other
Diane Waters (Asst Sec/Treas)	$20,200	$0
Leland W Waters (Chairman)	$10,000	$0
Doug Carmichael (Vice Chmn)	$0	$0
Ja Johnson (Sec/Treas)	$0	$0

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990-PF

Filed on July 2, 2020

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

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Fiscal Year Ending Dec.
2018

Revenue

$517,477

Expenses

$420,734

Net Income

$96,743

Net Assets

$6,018,916

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$161	0.0%
Dividends	$144,195	27.9%
Sales of Assets	$269,351	52.1%
Other Income	$103,770	20.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$332,461	79.0%
Compensation of Officers*	$30,200	7.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,050,048
Total Liabilities	$31,132
Net Assets	$6,018,916

Compensation

Key Employees and Officers	Compensation	Other
Diane Waters (Asst Sec/Treas)	$20,200	$0
Leland W Waters (Chairman)	$10,000	$0
Doug Carmichael (Vice Chmn)	$0	$0
Ja Johnson (Sec/Treas)	$0	$0

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990-PF

Filed on May 15, 2019

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

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Fiscal Year Ending Dec.
2017

Revenue

$426,088

Expenses

$317,735

Net Income

$108,353

Net Assets

$6,184,381

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$66	0.0%
Dividends	$131,098	30.8%
Sales of Assets	$192,961	45.3%
Other Income	$101,963	23.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$238,806	75.2%
Compensation of Officers*	$30,200	9.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,215,948
Total Liabilities	$31,567
Net Assets	$6,184,381

Compensation

Key Employees and Officers	Compensation	Other
Diane Waters (Asst Sec/Treas)	$20,200	$0
Leland W Waters (Chairman)	$10,000	$0
Doug Carmichael (Vice Chmn)	$0	$0
Ja Johnson (Sec/Treas)	$0	$0

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990-PF

Filed on May 10, 2018

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

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XML

Fiscal Year Ending Dec.
2016

Revenue

$298,838

Expenses

$362,264

Net Income

-$63,426

Net Assets

$5,992,314

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$30	0.0%
Dividends	$119,058	39.8%
Sales of Assets	$88,959	29.8%
Other Income	$90,791	30.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$289,798	80.0%
Compensation of Officers*	$30,200	8.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,052,321
Total Liabilities	$60,007
Net Assets	$5,992,314

Compensation

Key Employees and Officers	Compensation	Other
Diane Waters (Asst Sec/Treas)	$20,200	$0
Leland W Waters (Chairman)	$10,000	$0
Doug Carmichael (Vice Chmn)	$0	$0
Ja Johnson (Sec/Treas)	$0	$0

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990-PF

Filed on June 7, 2017

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

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Fiscal Year Ending Dec.
2015

Revenue

$459,875

Expenses

$367,720

Net Income

$92,155

Net Assets

$6,468,135

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$10	0.0%
Dividends	$176,709	38.4%
Sales of Assets	$138,445	30.1%
Other Income	$144,711	31.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$283,415	77.1%
Compensation of Officers*	$30,200	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	$6,558,142
Total Liabilities	$90,007
Net Assets	$6,468,135

Compensation

Key Employees and Officers	Compensation	Other
Diane Waters (Asst Sec/Treas)	$20,200	$0
Leland W Waters (Chairman)	$10,000	$0
Doug Carmichael (Vice Chmn)	$0	$0
Ja Johnson (Sec/Treas)	$0	$0

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990-PF

Filed on July 27, 2016

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

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Fiscal Year Ending Dec.
2014

Revenue

$786,291

Expenses

$440,838

Net Income

$345,453

Net Assets

$6,867,713

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$6	0.0%
Dividends	$182,843	23.3%
Sales of Assets	$259,150	33.0%
Other Income	$344,292	43.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$329,854	74.8%
Compensation of Officers*	$29,900	6.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,987,722
Total Liabilities	$120,009
Net Assets	$6,867,713

Compensation

Key Employees and Officers	Compensation	Other
Diane Waters (Asst Sec/Treas)	$19,900	$0
Leland W Waters (Chairman)	$10,000	$0
Doug Carmichael (Vice Chmn)	$0	$0
Ja Johnson (Sec/Treas)	$0	$0

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990-PF

Filed on May 22, 2015

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

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Fiscal Year Ending Dec.
2013

Revenue

$768,200

Expenses

$654,456

Net Income

$113,744

Net Assets

$6,697,348

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$13	0.0%
Dividends	$163,036	21.2%
Sales of Assets	$289,453	37.7%
Other Income	$315,698	41.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$409,638	62.6%
Compensation of Officers*	$29,000	4.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,847,358
Total Liabilities	$150,010
Net Assets	$6,697,348

Compensation

Key Employees and Officers	Compensation	Other
Diane Waters (Asst Sec/Treas)	$19,000	$0
Leland W Waters (Chairman)	$10,000	$0
Doug Carmichael (Vice Chmn)	$0	$0
Ja Johnson (Sec/Treas)	$0	$0

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990-PF

Filed on June 23, 2014

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

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Fiscal Year Ending Dec.
2012

Revenue

$677,137

Expenses

$361,742

Net Income

$315,395

Net Assets

$6,412,803

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,282	0.2%
Dividends	$171,890	25.4%
Sales of Assets	$201,470	29.8%
Other Income	$302,495	44.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$209,906	58.0%
Compensation of Officers*	$10,000	2.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$6,465,827
Total Liabilities	$53,024
Net Assets	$6,412,803

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$620,825

Expenses

$425,647

Net Income

$195,178

Net Assets

$5,823,592

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,250	0.2%
Interest Revenue	$2,352	0.4%
Dividends	$153,167	24.7%
Sales of Assets	$126,824	20.4%
Other Income	$337,232	54.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$297,824	70.0%
Compensation of Officers*	$833	0.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$5,863,099
Total Liabilities	$39,507
Net Assets	$5,823,592

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

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M K Brown Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $219k (2023)

Expenses $365k (2023)

Total Assets $7.22M (2023)

Total Liabilities $8.98k (2023)

Tax Filings by Year

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

990-PF

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Revenue

$219k (2023)

Expenses

$365k (2023)

Total Assets

$7.22M (2023)

Total Liabilities

$8.98k (2023)

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.
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Fiscal Year Ending Dec.
2005

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