Alvin & Lucy Owsley Foundation

Houston, TX
Tax-exempt since Dec. 1951
EIN: 75-6047221

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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

$883k (2024)

Expenses

$715k (2024)

Total Assets

$6.62M (2024)

Total Liabilities

$0 (2024)

Years with missing data

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

$883,234

Expenses

$715,308

Net Income

$167,926

Net Assets

$6,624,259

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$199,259	22.6%
Sales of Assets	$682,138	77.2%
Other Income	$1,837	0.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$588,512	82.3%
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	$6,624,259
Total Liabilities	$0
Net Assets	$6,624,259

Compensation

Key Employees and Officers	Compensation	Other
Sophia Garrett (Trustee)	$0	$0
David T Owsley (Trustee)	$0	$0
Steven A Owsley (Trustee)	$0	$0

990-PF

Filed on Nov. 13, 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

$422,178

Expenses

$694,578

Net Income

-$272,400

Net Assets

$6,515,468

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$231,070	54.7%
Sales of Assets	$191,108	45.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$594,064	85.5%
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	$6,515,468
Total Liabilities	$0
Net Assets	$6,515,468

Compensation

Key Employees and Officers	Compensation	Other
Sophia Garrett (Trustee)	$0	$0
David T Owsley (Trustee)	$0	$0
Steven A Owsley (Trustee)	$0	$0

990-PF

Filed on Feb. 4, 2025

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

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Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$739,806

Expenses

$585,980

Net Income

$153,826

Net Assets

$6,787,868

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$234,890	31.8%
Sales of Assets	$504,916	68.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$469,089	80.1%
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	$6,787,868
Total Liabilities	$0
Net Assets	$6,787,868

Compensation

Key Employees and Officers	Compensation	Other
Sophia Garrett (Trustee)	$0	$0
David T Owsley (Trustee)	$0	$0
Steven A Owsley (Trustee)	$0	$0

990-PF

Filed on July 19, 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

$981,676

Expenses

$721,709

Net Income

$259,967

Net Assets

$6,634,042

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$232,461	23.7%
Sales of Assets	$749,215	76.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$558,726	77.4%
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	$6,634,042
Total Liabilities	$0
Net Assets	$6,634,042

Compensation

Key Employees and Officers	Compensation	Other
Sophia Garrett (Trustee)	$0	$0
David T Owsley (Trustee)	$0	$0
Steven A Owsley (Trustee)	$0	$0

990-PF

Filed on Oct. 18, 2022

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2020

Revenue

$1,363,008

Expenses

$571,391

Net Income

$791,617

Net Assets

$6,374,074

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$183,014	13.4%
Sales of Assets	$926,637	68.0%
Other Income	$253,357	18.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$481,016	84.2%
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	$6,374,075
Total Liabilities	$1
Net Assets	$6,374,074

Compensation

Key Employees and Officers	Compensation	Other
Sophia Garrett (Trustee)	$0	$0
David T Owsley (Trustee)	$0	$0
Steven A Owsley (Trustee)	$0	$0

990-PF

Filed on Nov. 15, 2021

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2019

Revenue

$921,807

Expenses

$648,176

Net Income

$273,631

Net Assets

$5,582,656

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$214,814	23.3%
Sales of Assets	$702,563	76.2%
Other Income	$4,430	0.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$591,062	91.2%
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	$5,582,657
Total Liabilities	$1
Net Assets	$5,582,656

Compensation

Key Employees and Officers	Compensation	Other
Sophia Garrett (Trustee)	$0	$0
David T Owsley (Trustee)	$0	$0
Steven A Owsley (Trustee)	$0	$0

990-PF

Filed on Aug. 11, 2020

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

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Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

PDF (2 of 2)

Fiscal Year Ending Dec.
2018

Revenue

$372,799

Expenses

$454,698

Net Income

-$81,899

Net Assets

$5,310,549

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$100	0.0%
Interest Revenue	$0
Dividends	$199,111	53.4%
Sales of Assets	$152,313	40.9%
Other Income	$21,275	5.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$398,001	87.5%
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	$5,310,549
Total Liabilities	$0
Net Assets	$5,310,549

Compensation

Key Employees and Officers	Compensation	Other
Sophia Garrett (Trustee)	$0	$0
David T Owsley (Trustee)	$0	$0
Steven A Owsley (Trustee)	$0	$0

990-PF

Filed on Dec. 16, 2019

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

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Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2017

Revenue

$140,639

Expenses

$383,440

Net Income

-$242,801

Net Assets

$5,392,625

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$194,265	> 100%
Sales of Assets	-$82,769
Other Income	$29,143	20.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$307,742	80.3%
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	$5,392,625
Total Liabilities	$0
Net Assets	$5,392,625

Compensation

Key Employees and Officers	Compensation	Other
Sophia Garrett (Trustee)	$0	$0
David T Owsley (Trustee)	$0	$0
Steven A Owsley (Trustee)	$0	$0

990-PF

Filed on Nov. 14, 2018

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

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2016

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

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

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2015

Revenue

$845,632

Expenses

$1,265,370

Net Income

-$419,738

Net Assets

$5,333,601

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$249,041	29.5%
Sales of Assets	$580,398	68.6%
Other Income	$16,193	1.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,190,627	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	$5,333,601
Total Liabilities	$0
Net Assets	$5,333,601

990-PF

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

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2014

Revenue

$912,849

Expenses

$561,513

Net Income

$351,336

Net Assets

$5,753,360

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$280,966	30.8%
Sales of Assets	$541,828	59.4%
Other Income	$90,055	9.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$507,796	90.4%
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	$5,753,360
Total Liabilities	$0
Net Assets	$5,753,360

990-PF

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

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2013

Revenue

$311,799

Expenses

$546,522

Net Income

-$234,723

Net Assets

$5,401,346

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$267,283	85.7%
Sales of Assets	$42,672	13.7%
Other Income	$1,844	0.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$470,986	86.2%
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	$5,401,346
Total Liabilities	$0
Net Assets	$5,401,346

Compensation

Key Employees and Officers	Compensation	Other
Alvin M Owsley Jr (Trustee)	$0	$0
Sophia Garrett (Trustee)	$0	$0
David T Owsley (Trustee)	$0	$0

990-PF

Filed on Aug. 4, 2014

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

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2012

Revenue

$914,344

Expenses

$495,110

Net Income

$419,234

Net Assets

$5,635,954

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,190	0.1%
Interest Revenue	$0
Dividends	$277,472	30.3%
Sales of Assets	$602,052	65.8%
Other Income	$33,630	3.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$441,497	89.2%
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	$5,636,204
Total Liabilities	$250
Net Assets	$5,635,954

990-PF

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

PDF

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2011

Revenue

$677,735

Expenses

$641,685

Net Income

$36,050

Net Assets

$5,215,411

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$251,567	37.1%
Sales of Assets	$426,152	62.9%
Other Income	$16	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$582,364	90.8%
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	$5,215,412
Total Liabilities	$1
Net Assets	$5,215,411

What Is This Data?

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

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Alvin & Lucy Owsley Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $883k (2024)

Expenses $715k (2024)

Total Assets $6.62M (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

990-T

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2016

No Extracted Financial Data

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Revenue

$883k (2024)

Expenses

$715k (2024)

Total Assets

$6.62M (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.
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Fiscal Year Ending Dec.
2002

Fiscal Year Ending Dec.
2001