Dr Edward D And Sally M Futch Charitable Foundation Inc

Galveston, TX
Tax-exempt since Jan. 1993
EIN: 76-0357123

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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

$696k (2023)

Expenses

$799k (2023)

Total Assets

$11.4M (2023)

Total Liabilities

$0 (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

$695,720

Expenses

$798,616

Net Income

-$102,896

Net Assets

$11,375,923

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$81,655	11.7%
Dividends	$318,697	45.8%
Sales of Assets	$223,602	32.1%
Other Income	$71,766	10.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$704,871	88.3%
Compensation of Officers*	$3,000	0.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$11,375,923
Total Liabilities	$0
Net Assets	$11,375,923

Compensation

Key Employees and Officers	Compensation	Other
William C Ansell (Trustee)	$1,000	$0
Alice A Anderson (Trustee)	$1,000	$0
Michael Hughes (Trustee)	$1,000	$0

990-PF

Filed on July 2, 2024

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$939,098

Expenses

$758,895

Net Income

$180,203

Net Assets

$11,478,016

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$68,094	7.3%
Dividends	$301,293	32.1%
Sales of Assets	$473,199	50.4%
Other Income	$96,512	10.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$655,959	86.4%
Compensation of Officers*	$3,000	0.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$11,478,016
Total Liabilities	$0
Net Assets	$11,478,016

Compensation

Key Employees and Officers	Compensation	Other
William C Ansell (Trustee)	$1,000	$0
Anne W Brown (Trustee)	$1,000	$0
Michael Hughes (Trustee)	$1,000	$0

990-PF

Filed on Nov. 8, 2023

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

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Schedules ▼

XML

Fiscal Year Ending Dec.
2021

Revenue

$1,449,110

Expenses

$797,513

Net Income

$651,597

Net Assets

$11,286,125

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$470,000	32.4%
Interest Revenue	$68,707	4.7%
Dividends	$304,037	21.0%
Sales of Assets	$521,024	36.0%
Other Income	$85,342	5.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$694,666	87.1%
Compensation of Officers*	$3,000	0.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$11,286,125
Total Liabilities	$0
Net Assets	$11,286,125

Compensation

Key Employees and Officers	Compensation	Other
William C Ansell (Trustee)	$1,000	$0
Anne W Brown (Trustee)	$1,000	$0
Michael Hughes (Trustee)	$1,000	$0

990-PF

Filed on Nov. 9, 2022

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

$473,983

Expenses

$693,300

Net Income

-$219,317

Net Assets

$10,614,029

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$73,797	15.6%
Dividends	$289,520	61.1%
Sales of Assets	$23,617	5.0%
Other Income	$87,049	18.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$589,667	85.1%
Compensation of Officers*	$3,000	0.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$10,614,030
Total Liabilities	$1
Net Assets	$10,614,029

Compensation

Key Employees and Officers	Compensation	Other
William C Ansell (Trustee)	$1,000	$0
Anne W Brown (Trustee)	$1,000	$0
Michael Hughes (Trustee)	$1,000	$0

990-PF

Filed on Oct. 4, 2021

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$651,149

Expenses

$661,978

Net Income

-$10,829

Net Assets

$10,871,509

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$88,132	13.5%
Dividends	$269,076	41.3%
Sales of Assets	$151,920	23.3%
Other Income	$142,021	21.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$555,828	84.0%
Compensation of Officers*	$6,000	0.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$10,871,510
Total Liabilities	$1
Net Assets	$10,871,509

Compensation

Key Employees and Officers	Compensation	Other
Anne W Brown (Trustee)	$4,000	$0
William C Ansell (Trustee)	$1,000	$0
Michael Hughes (Trustee)	$1,000	$0

990-PF

Filed on April 6, 2020

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

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Schedules ▼

XML

Fiscal Year Ending Dec.
2018

Revenue

$662,435

Expenses

$661,937

Net Income

$498

Net Assets

$10,822,095

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$102,869	15.5%
Dividends	$262,709	39.7%
Sales of Assets	$185,556	28.0%
Other Income	$111,301	16.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$571,233	86.3%
Compensation of Officers*	$18,686	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	$10,822,095
Total Liabilities	$0
Net Assets	$10,822,095

Compensation

Key Employees and Officers	Compensation	Other
Anne W Brown (Trustee)	$16,686	$0
William C Ansell (Trustee)	$1,000	$0
Michael Hughes (Trustee)	$1,000	$0

990-PF

Filed on May 10, 2019

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2017

Revenue

$526,736

Expenses

$610,435

Net Income

-$83,699

Net Assets

$10,820,468

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$148,883	28.3%
Dividends	$233,523	44.3%
Sales of Assets	$107,333	20.4%
Other Income	$36,997	7.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$546,455	89.5%
Compensation of Officers*	$18,075	3.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$10,820,468
Total Liabilities	$0
Net Assets	$10,820,468

Compensation

Key Employees and Officers	Compensation	Other
Anne W Brown (Trustee)	$16,075	$0
William C Ansell (Trustee)	$1,000	$0
Michael Hughes (Trustee)	$1,000	$0

990-PF

Filed on May 10, 2018

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2016

Revenue

$473,259

Expenses

$568,574

Net Income

-$95,315

Net Assets

$10,726,432

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$176,418	37.3%
Dividends	$206,504	43.6%
Sales of Assets	$66,343	14.0%
Other Income	$23,994	5.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$524,108	92.2%
Compensation of Officers*	$21,327	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	$10,726,432
Total Liabilities	$0
Net Assets	$10,726,432

Compensation

Key Employees and Officers	Compensation	Other
Anne W Brown (Trustee)	$19,327	$0
William C Ansell (Trustee)	$1,000	$0
Michael Hughes (Trustee)	$1,000	$0

990-PF

Filed on June 20, 2017

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2015

Revenue

$321,955

Expenses

$713,497

Net Income

-$391,542

Net Assets

$10,813,837

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$194,650	60.5%
Dividends	$187,810	58.3%
Sales of Assets	-$77,173
Other Income	$16,668	5.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$650,000	91.1%
Compensation of Officers*	$24,338	3.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$10,813,837
Total Liabilities	$0
Net Assets	$10,813,837

Compensation

Key Employees and Officers	Compensation	Other
Anne W Brown (Trustee)	$20,338	$0
William C Ansell (Trustee)	$2,000	$0
Michael Hughes (Trustee)	$2,000	$0

990-PF

Filed on Nov. 10, 2016

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

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2014

Revenue

$979,129

Expenses

$668,055

Net Income

$311,074

Net Assets

$11,258,104

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$450,000	46.0%
Interest Revenue	$212,484	21.7%
Dividends	$166,736	17.0%
Sales of Assets	$113,052	11.5%
Other Income	$36,857	3.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$611,000	91.5%
Compensation of Officers*	$23,175	3.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$11,258,104
Total Liabilities	$0
Net Assets	$11,258,104

990-PF

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

PDF

Fiscal Year Ending Dec.
2013

Revenue

$8,550,606

Expenses

$370,302

Net Income

$8,180,304

Net Assets

$11,118,971

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$8,432,472	98.6%
Interest Revenue	$30,078	0.4%
Dividends	$129,796	1.5%
Sales of Assets	$0
Other Income	$48,089	0.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$330,000	89.1%
Compensation of Officers*	$6,000	1.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$11,118,971
Total Liabilities	$0
Net Assets	$11,118,971

990-PF

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

PDF

Fiscal Year Ending Dec.
2012

Revenue

$181,053

Expenses

$157,116

Net Income

$23,937

Net Assets

$2,731,758

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$42,730	23.6%
Dividends	$51,169	28.3%
Sales of Assets	$87,154	48.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$140,000	89.1%
Compensation of Officers*	$3,000	1.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,731,758
Total Liabilities	$0
Net Assets	$2,731,758

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$102,936

Expenses

$143,954

Net Income

-$41,018

Net Assets

$2,740,951

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$47,000	45.7%
Dividends	$55,811	54.2%
Sales of Assets	$146	0.1%
Other Income	-$21

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$125,700	87.3%
Compensation of Officers*	$4,000	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	$2,740,951
Total Liabilities	$0
Net Assets	$2,740,951

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

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Dr Edward D And Sally M Futch Charitable Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $696k (2023)

Expenses $799k (2023)

Total Assets $11.4M (2023)

Total Liabilities $0 (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

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2011

Extracted Financial Data

Revenue

$696k (2023)

Expenses

$799k (2023)

Total Assets

$11.4M (2023)

Total Liabilities

$0 (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

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2021

Fiscal Year Ending Dec.
2020

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2019

Fiscal Year Ending Dec.
2018

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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

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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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