Welborn Payne Endowment Trust

Lubbock, TX
Tax-exempt since Dec. 1993
EIN: 75-6435671

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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

$39.2M (2024)

Expenses

$2.26M (2024)

Total Assets

$74.1M (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

$39,161,277

Expenses

$2,264,826

Net Income

$36,896,451

Net Assets

$74,083,578

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$33,934,993	86.7%
Interest Revenue	$243,174	0.6%
Dividends	$1,057,205	2.7%
Sales of Assets	$3,259,122	8.3%
Other Income	$607,961	1.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,925,172	85.0%
Compensation of Officers*	$185,554	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	$74,083,578
Total Liabilities	$0
Net Assets	$74,083,578

Compensation

Key Employees and Officers	Compensation	Other
Prosperity Bank (Trustee)	$185,554	$0

990-PF

Filed on May 15, 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

$2,249,343

Expenses

$1,951,794

Net Income

$297,549

Net Assets

$37,187,127

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$71,435	3.2%
Interest Revenue	$47,212	2.1%
Dividends	$754,968	33.6%
Sales of Assets	$795,118	35.3%
Other Income	$556,217	24.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,584,571	81.2%
Compensation of Officers*	$122,799	6.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$37,187,127
Total Liabilities	$0
Net Assets	$37,187,127

Compensation

Key Employees and Officers	Compensation	Other
Prosperity Bank (Trustee)	$122,799	$0

990-PF

Filed on May 13, 2024

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

View Filing

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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.
2022

Revenue

$2,483,681

Expenses

$2,226,354

Net Income

$257,327

Net Assets

$36,889,578

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$132,923	5.4%
Interest Revenue	$24,448	1.0%
Dividends	$518,074	20.9%
Sales of Assets	$1,046,611	42.1%
Other Income	$733,913	29.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,841,843	82.7%
Compensation of Officers*	$125,735	5.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$36,889,578
Total Liabilities	$0
Net Assets	$36,889,578

Compensation

Key Employees and Officers	Compensation	Other
Prosperity Bank (Trustee)	$125,735	$0

990-PF

Filed on May 8, 2023

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

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Fiscal Year Ending Dec.
2021

Revenue

$4,694,408

Expenses

$1,780,401

Net Income

$2,914,007

Net Assets

$36,632,251

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$45,627	1.0%
Interest Revenue	$26,789	0.6%
Dividends	$830,537	17.7%
Sales of Assets	$3,305,850	70.4%
Other Income	$420,681	9.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,565,006	87.9%
Compensation of Officers*	$139,183	7.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$36,632,251
Total Liabilities	$0
Net Assets	$36,632,251

Compensation

Key Employees and Officers	Compensation	Other
Prosperity Bank (Trustee)	$139,183	$0

990-PF

Filed on May 11, 2022

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

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XML

Fiscal Year Ending Dec.
2020

Revenue

$2,312,111

Expenses

$1,664,176

Net Income

$647,935

Net Assets

$33,718,243

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$249,761	10.8%
Interest Revenue	$35,016	1.5%
Dividends	$533,285	23.1%
Sales of Assets	$1,147,648	49.6%
Other Income	$197,336	8.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,503,521	90.3%
Compensation of Officers*	$117,986	7.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$33,718,244
Total Liabilities	$1
Net Assets	$33,718,243

Compensation

Key Employees and Officers	Compensation	Other
Prosperity Bank (Trustee)	$117,986	$0

990-PF

Filed on May 17, 2021

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

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Schedules ▼

XML

990-T

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

PDF

Fiscal Year Ending Dec.
2019

Revenue

$2,005,469

Expenses

$1,781,080

Net Income

$224,389

Net Assets

$33,044,338

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$35,188	1.8%
Interest Revenue	$36,446	1.8%
Dividends	$686,063	34.2%
Sales of Assets	$952,402	47.5%
Other Income	$248,448	12.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,516,853	85.2%
Compensation of Officers*	$112,653	6.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$33,044,339
Total Liabilities	$1
Net Assets	$33,044,338

Compensation

Key Employees and Officers	Compensation	Other
Prosperity Bank (Trustee)	$112,653	$0

990-PF

Filed on May 26, 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

Fiscal Year Ending Dec.
2018

Revenue

$3,798,848

Expenses

$1,761,857

Net Income

$2,036,991

Net Assets

$32,819,950

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$37,162	1.0%
Dividends	$688,589	18.1%
Sales of Assets	$2,712,486	71.4%
Other Income	$326,909	8.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,490,806	84.6%
Compensation of Officers*	$115,667	6.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$32,819,950
Total Liabilities	$0
Net Assets	$32,819,950

Compensation

Key Employees and Officers	Compensation	Other
Prosperity Bank (Trustee)	$115,667	$0

990-PF

Filed on May 10, 2019

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

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990-T

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

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PDF (2 of 2)

Fiscal Year Ending Dec.
2017

Revenue

$3,808,632

Expenses

$1,883,509

Net Income

$1,925,123

Net Assets

$30,782,959

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$43,121	1.1%
Dividends	$602,547	15.8%
Sales of Assets	$2,428,255	63.8%
Other Income	$278,972	7.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,461,359	77.6%
Compensation of Officers*	$116,069	6.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$30,782,959
Total Liabilities	$0
Net Assets	$30,782,959

Compensation

Key Employees and Officers	Compensation	Other
Prosperity Bank (Trustee)	$116,069	$0

990-PF

Filed on May 14, 2018

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

View Filing

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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

Revenue

$1,925,285

Expenses

$1,673,313

Net Income

$251,972

Net Assets

$28,857,836

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$143,368	7.4%
Interest Revenue	$110,876	5.8%
Dividends	$503,173	26.1%
Sales of Assets	$923,462	48.0%
Other Income	$184,510	9.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,456,109	87.0%
Compensation of Officers*	$105,866	6.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$28,857,836
Total Liabilities	$0
Net Assets	$28,857,836

Compensation

Key Employees and Officers	Compensation	Other
Prosperity Bank (Trustee)	$105,866	$0

990-PF

Filed on May 8, 2017

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

View Filing

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PDF XML

990-T

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

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Fiscal Year Ending Dec.
2015

Revenue

$2,539,542

Expenses

$1,740,727

Net Income

$798,815

Net Assets

$28,525,401

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$56,922	2.2%
Interest Revenue	$153,358	6.0%
Dividends	$453,963	17.9%
Sales of Assets	$1,571,117	61.9%
Other Income	$280,460	11.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,330,723	76.4%
Compensation of Officers*	$111,001	6.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$28,525,401
Total Liabilities	$0
Net Assets	$28,525,401

Compensation

Key Employees and Officers	Compensation	Other
Prosperity Bank (Trustee)	$111,001	$0

990-PF

Filed on May 12, 2016

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

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990-T

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

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Fiscal Year Ending Dec.
2014

Revenue

$2,446,034

Expenses

$1,753,542

Net Income

$692,492

Net Assets

$27,726,586

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$3,168	0.1%
Interest Revenue	$198,479	8.1%
Dividends	$493,779	20.2%
Sales of Assets	$953,834	39.0%
Other Income	$773,106	31.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,213,747	69.2%
Compensation of Officers*	$110,520	6.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$27,726,586
Total Liabilities	$0
Net Assets	$27,726,586

Compensation

Key Employees and Officers	Compensation	Other
Prosperity Bank (Trustee)	$110,520	$0

990-PF

Filed on May 8, 2015

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

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PDF XML

990-T

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

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Fiscal Year Ending Dec.
2013

Revenue

$1,687,521

Expenses

$1,699,053

Net Income

-$11,532

Net Assets

$27,034,094

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$2,652	0.2%
Interest Revenue	$219,532	13.0%
Dividends	$414,140	24.5%
Sales of Assets	$175,356	10.4%
Other Income	$835,342	49.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,107,713	65.2%
Compensation of Officers*	$102,846	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	$27,034,094
Total Liabilities	$0
Net Assets	$27,034,094

Compensation

Key Employees and Officers	Compensation	Other
Prosperity Bank (Trustee)	$102,846	$0

990-PF

Filed on May 12, 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

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Fiscal Year Ending Dec.
2012

Revenue

$2,249,583

Expenses

$1,555,642

Net Income

$693,941

Net Assets

$27,045,625

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$165,935	7.4%
Interest Revenue	$299,046	13.3%
Dividends	$326,068	14.5%
Sales of Assets	$557,285	24.8%
Other Income	$895,158	39.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,077,047	69.2%
Compensation of Officers*	$94,976	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	$27,045,626
Total Liabilities	$1
Net Assets	$27,045,625

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

$2,165,859

Expenses

$1,527,470

Net Income

$638,389

Net Assets

$26,351,685

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$300,906	13.9%
Interest Revenue	$290,034	13.4%
Dividends	$359,805	16.6%
Sales of Assets	$191,865	8.9%
Other Income	$979,067	45.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,036,738	67.9%
Compensation of Officers*	$93,850	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	$26,351,685
Total Liabilities	$0
Net Assets	$26,351,685

What Is This Data?

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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Types of Nonprofits

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Updated January 26, 2026

Welborn Payne Endowment Trust

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $39.2M (2024)

Expenses $2.26M (2024)

Total Assets $74.1M (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

990-T

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

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

990-T

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

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Revenue

$39.2M (2024)

Expenses

$2.26M (2024)

Total Assets

$74.1M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

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2022

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2021

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2020

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2019

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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.
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