2021-11-11T08:40:31-08:00 2020-12-31 760269860 Blazek & Vetterling 2900 Weslayan Suite 200 Houston TX 77027 990 2020-01-01 756036503 Boys & Girls Club of Wichita Falls Endowment Fund BOYS 9405004470 2304 Midwestern Pkwy 206 Wichita Falls TX 76308 Donald J Hupp Treasurer 2021-11-11 true Donald J Hupp 999009999 Barbara Murphy P01386215 7134395739 2 AAL1 IAL1 FAL1 2020 2022-09-23 18:48:47Z George T Kimbell 2304 Midwestern Pkwy 206 Wichita Falls TX 76308 12722434 false X N/A X 1940 TX The Endowment Fund provides on-going funding to the Boys & Girls Club of Wichita Falls to help defray the cost of operating the clubs and to help fund the activities for the youth in the Wichita Falls area. 5 5 0 5 0 582 0 660051 847582 109867 2848 769918 851012 1490707 0 0 0 0 159128 149169 159128 1639876 610790 -788864 22108488 21319624 0 22108488 21319624 To aid in funding the programs of the Boys & Girls Club of Wichita Falls. Contributions are made throughout the year to the Boys & Girls Club of Wichita Falls to help defray the cost of operating the clubs and to help fund the activities for the youth in the Wichita Falls area. false false 1490707 1490707 Grants paid to Boys & Girls Clubs of Wichita Falls to fund their youth programs and defray the operating cost of the Boys & Girls Clubs. 1490707 true false false false false false false false false false false false false false false false false false false false false false false false false false false true false false false false false false false false false false false false false false false true false false false true 1 0 true 0 false false false false false false false 0 false false false false false false false X 5 5 false false false false false false false true true false false true true true true false true false false false X Donald J Hupp 9405004470 2304 Midwestern Pkwy 206 Wichita Falls TX 76308 X George T Kimbell President 2.00 0.00 X X 0 0 0 Bill Gunn Secretary 2.00 1.00 X X 0 0 0 Donald J Hupp Treasurer 2.00 1.00 X X 0 0 0 Murphy Davis Director 2.00 0.00 X 0 0 0 Leo Lane Director 2.00 1.00 X 0 0 0 0 false false false Morgan Stanley 5051 Westheimer Ste 2100 Houston TX 77056 Investment mgmt 138009 1 582 582 0 660497 660497 0 2166 2166 0 12058507 11871422 187085 187085 187085 0 0 0 Tax refund 682 682 682 851012 850430 1490707 1490707 0 0 0 0 0 0 0 0 0 0 0 9600 9600 0 0 138009 138009 0 0 360 360 0 0 0 0 0 0 0 0 0 1036 1036 Ad valorem taxes 164 164 0 1639876 1490707 149169 0 119858 1182 426579 389550 0 0 0 0 0 0 0 0 21562051 20928892 0 0 0 0 22108488 21319624 0 0 X 22108488 21319624 22108488 21319624 22108488 21319624 -788864 X false false false X X 1 Boys & Girls Clubs of Wichita Falls 750883102 10 true 1501703 0 1 1501703 0 true false false false false false false false false false false false false false false true true true 0 22443 0 722767 663345 722767 685788 0 0 140275 138009 582492 547779 23295646 23963963 602772 660508 0 23898418 24624471 0 0 23898418 24624471 358476 369367 23539942 24255104 823898 848929 0 823898 848929 582492 495118 823898 823898 0 823898 1490707 0 10996 0 0 0 1501703 1501703 823898 1.00000 823898 622314 0 0 0 0 0 0 0 0 0 0 1501703 622314 823898 55491 0 0 55491 0 0 0 0 55491 Part IV, Section D, Line 3: Role The Organization's Supported Orgs. Played Three of the organization's five board members also serve on the board of directors of the supported organization, the Boys & Girls Club of Wichita Falls. Part V, Section D, Line 8: Distributions To Attentive Supported Organizations All of the organization's distributions are made to support the Boys & Girls Club of Wichita Falls. Considering the decades long relationship between the organization and its supported organization, the amount of support received by the supported organization is a sufficient part of its overall long-term support to ensure attentiveness.There is board overlap between the organizations, and the officers and directors of each organization maintain a close working relationship. Part V, Section E, Line 2: Explanation of Underdistributions Exception The organization planned to prepare and file its 2019 Form 990 in May of 2020, but was delayed due to complications related to the COVID-19 pandemic, filing an extension of time to file until November 16, 2020. When planning its budget for 2019, the organization misinterpreted Part V of its 2018 Form 990 Schedule A, believing that the 2019 distribution requirement had been met and that there were excess distributions. Unlike Form 990-PF, Section E of Schedule A does not display an amount which must be distributed by the end of the following tax year to avoid an under-distribution. The organization simply misunderstood the distribution calculation, causing the under-distribution. The error was due to reasonable cause and not to willful neglect.The organization's paid tax preparer discovered the under-distribution on November 1, 2020 when preparing the 2019 Form 990. The organization took immediate steps to correct the error by making a grant to its supported organization, Boys and Girls Club of Wichita Falls in the amount of $640,707 on November 4, 2020.The organization discussed the distribution requirement calculation in detail with its tax advisors and made an additional grant to its supported organization of $850,000 before the end of its 2020 tax year to ensure compliance with its 2020 distribution requirement. The organization is also aware that its required 2021 distributions are $848,929 less the 2020 excess distributions of $55,491, and it plans to make these required distributions before the end of its 2021 tax year. true Boys & Girls Club of Wichita 1318 6th Street Wichita Falls TX 76301 750883102 501(c)(3) 1490707 0 Program support 1 0 Grantmaker's Description of How Grants are Used The organization only makes grants to its supported organization. The close relationship between the two organizations serves to monitor the use of the funds. Form 990, Part VI, Line 11b: Form 990 Review Process A copy of the Form 990 is provided to the Board prior to filing with the IRS. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts The conflict of interest policy is monitored by having each Board Member complete a questionnaire once a year. The responses are collected and discussed by the officers of the Board. Any conflicts are reported to the entire Board. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available Upon request Boys & Girls Clubs of Wichita Falls 1318 6th Street Wichita Falls TX 76301 750883102 Inspire and enable young people TX 501(c)(3) 10 N/A false false true false false false false false false false false false false false false false false false false false