2020-11-11T12:04:19-08:00 2019-12-31 760269860 Blazek & Vetterling 2900 Weslayan Suite 200 Houston TX 77027 990 2019-01-01 756036503 Boys & Girls Club of Wichita Falls Endowment Fund BOYS 9405004470 2304 Midwestern Pkwy Wichita Falls TX 76308 Donald J Hupp Treasurer 2020-11-11 true Barbara Murphy P01386215 7134395739 2019 2021-01-29 14:40:06Z George T Kimbell 2304 Midwestern Pkwy 206 Wichita Falls TX 76308 9061635 false X N/A X 1940 TX 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. 5 5 0 5 0 10075 0 0 893479 660051 4660 109867 908214 769918 0 0 0 0 0 519566 159128 519566 159128 388648 610790 21497698 22108488 0 21497698 22108488 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 Grants paid to Boys & Girls Clubs of Wichita Falls to fund their youth programs and defray the operating cost of the Boys & Girls Clubs. 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 false 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 138987 1 0 0 719188 719188 0 3579 3579 0 8232580 8291717 -59137 -59137 -59137 0 0 0 Tax refund 106288 106288 106288 769918 769918 0 0 0 0 0 0 0 0 0 0 0 0 17000 17000 0 0 140275 140275 0 0 360 360 0 0 0 0 0 0 0 0 0 1033 1033 Ad valorem taxes 435 435 Filing fees 25 25 0 159128 0 159128 0 28837 119858 530983 426579 0 0 0 0 0 0 0 0 20937878 21562051 0 0 0 0 21497698 22108488 0 0 X 21497698 22108488 21497698 22108488 21497698 22108488 610790 X false false false X X 1 Boys & Girls Clubs of Wichita Falls 750883102 10 true 18393 0 1 18393 0 true false false false false false false false false false false false false false false true true true 0 0 525656 722767 525656 722767 0 0 149185 140275 376471 582492 22052279 23295646 714552 602772 0 22766831 23898418 0 0 22766831 23898418 341502 358476 22425329 23539942 784887 823898 0 784887 823898 376471 320000 784887 784887 0 784887 0 0 18393 0 0 0 18393 18393 784887 0.02300 784887 0 0 0 0 144180 0 144180 0 144180 0 0 18393 0 18393 0 0 622314 0 0 0 0 0 0 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 6: Current Year Remaining 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 has discussed the distribution requirement calculation in detail with its tax advisors and is preparing to make an additional grant to its supported organization before the end of its 2020 tax year to ensure compliance with its 2020 distribution requirement. 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 false false false false false false false false false false false false false false false false false false