2024-08-07T10:16:13-00:00 2023-09-30 262515308 RANDY SILHAN CPA CFE PO BOX 1341 WOLFFORTH TX 79382 990 2022-10-01 813011126 WTFB MID COUNTY WTFB 4325806333 411 S PAGEWOOD ODESSA TX 79761 WADE KUEHLER BOARD PRESIDENT 4325806333 2024-07-15 true true RANDY SILHAN P00107901 4325800204 2024-08-07 X 2022 2024-08-08 14:25:15Z X WADE KUEHLER 411 S Pagewood Odessa TX 79761 1529434 false X www.wtxfoodbank.org X 2016 TX The organization is a supporting organization formed to develop and lease property to the West Texas Food Bank. This was done through a combination of donations and New Market Tax Credit borrowings. X 5 4 0 4 0 0 0 0 70000 1529434 70000 1529434 0 0 0 0 0 233676 265348 233676 265348 -163676 1264086 5075651 0 5523451 0 -447800 0 To develop and lease a facility in Midland, Texas for the West Texas Food Bank for use solely in their mission to support the nutritional needs of children, families, and seniors in West Texas. false false The organization developed and leases the Midland facility located at 1601 Westcliff Drive, Midland, Texas 79703 to their supported organization, West Texas Food Bank. This was accomplished through a capital campaign by the Food Bank and borrowings obtained through the New Market Tax Credit program in compliance with IRC Section 45D. The organization leases the facility to the Food Bank. true 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 true false false false false false false false false false false true true false true false false false true 0 0 0 false false false false false false false false false false false false X 5 4 false false false false false false false true true false false true true true true true true false false false TX X X X Joey Ruiz 4325806333 411 S Pagewood Odessa TX 79761 Joey Ruiz Treasurer 010.00 040.00 X X X 0 186996 17504 Wade Kuehler President 001.00 X X 0 0 0 Ashlee Thompson Secretary 001.00 X X 0 0 0 Raymond Chavez Director 001.00 X 0 0 0 Chris Garrett Director 001.00 X 0 0 0 186996 17504 1 false true false 52500 52500 52500 NMTC loan forgiveness 900099 1476934 1476934 1476934 1529434 1476934 0 0 0 0 0 0 0 0 0 0 0 0 36886 36886 0 0 0 0 1098 1098 0 0 0 0 0 0 75591 75591 0 151773 151773 0 0 265348 0 265348 0 120710 4954941 5075651 0 5523451 5523451 0 X -447800 -447800 0 5075651 0 X 1264086 -816286 X false true X true false X X X 1 West Texas Food Bank 752057692 7 true 0 0 1 0 true false false false false false false false false false false false false false false true false Part I Section A Line 12g WTFB Mid County developed and leases the Midland facility at 1601 Westcliff Dr. Midland TX 79703 to the supported organization, West Texas Food Bank. This was done through a capital campaign by the Food Bank and borrowings through the New Market Tax Credit prograam in compliance with IRS Section 45D. The organization leased the facility to the Food Bank for 52,500annually per the lease agreement. Part I Section A Line 12g Effective August 18, 2023, the seven year compliance period for the NMTC was met and all net assets of the organization were transferred to the supported organization, the West Texas Food Bank. WTFB Mid County is being dissolved as of September 30, 2023 and this 990 will be the final return. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false Financial derivatives and other financial products Closely-held equity interests Federal income taxes 1529434 1529434 1529434 265348 265348 265348 true false false false false false false false false false Joey Ruiz Treasurer 156780 30216 7868 9636 204500 Transfer of net assets 2023-08-18 816286 FMV 752057692 West Texas Food Bank 411 S Pagewood Odessa TX 79761 501c3 false false false false true true true true false Building, cash, and all net assets 2023-08-18 816286 Net book value 752057692 West Texas Food Bank 411 S Pagewood Odessa TX 79761 501c3 false false false false Form 990, Part VI, Section B, Line 11b The 990 is presented along with the audited financial statements to the board of directors for their review and approval prior to filing. Form 990, Part VI, Section B, Line 12c Board members complete a conflict of interest policy statement upon election to the board to disclose any personal or business interests. Officers monitor actions taken at board meetings and management of the West Texas Food Bank monitors business transactions to identify any potential conflicts of interest. Board members must abstain from any votes for which a potential conflict may exist. Vendor transactions are monitored for any potential conflicts by the West Texas Food Bank executive management team. Form 990, Part VI, Section C, Line 19 All documents are available for public inspection at the administrative offices at 411 S. Pagewood, Odessa, TX 79761. The 990 and audited financial statements are published on the West Texas Food Banks website and the 990 will also be available on www.guidestar.org. Form 990, Part XI, Line 9 Net assets transferred to West Texas Food Bank, the supported organization asa result of the New Market Tax Credit windup finalized August 18, 2023. As stated in the attached resolutions of dissolution and board minutes, WTFB Mid Co is in the process of being dissolved and this being the final 990 filed for the year ended September 30, 2023. West Texas Food Bank 411 S Pagewood Odessa TX 79761 752057692 Food distribution TX 501c3 170b N/A false false false false false true false false false false true false false false false false false false true false West Texas Food Bank e 5900000 Loan carrying value West Texas Food Bank j 52500 Lease agreement West Texas Food Bank r 816286 Book value of net assets transferred to WTFB upon NMTC windup