2026-02-18T11:51:12-06:00 2025-08-31 741130599 PATTILLO BROWN & HILL LLP P O BOX 20725 WACO TX 767020725 990 2024-09-01 751377874 SHERWOOD & MYRTIE FOSTER'S HOME FOR CHILDREN SHER 2549682143 1779 N GRAHAM ST STEPHENVILLE TX 76401 DOUG YOUNG PRESIDENT & CEO 2549682143 2026-01-30 1 1 SHARON M HERWALD CPA P00079864 2547724901 2024 2025-03-06 01:10:19Z DOUG YOUNG 1779 N GRAHAM ST STEPHENVILLE TX 76401 19126886 0 X WWW.FOSTERSHOME.ORG X 1972 TX TO PROVIDE CHILD CARE AND FOSTER CARE CHILD PLACEMENT 11 11 69 168 0 0 6159449 14442453 828067 720484 53770 135703 197139 144581 7238425 15443221 3000000 8432000 0 0 2508874 2755937 0 0 440549 1910005 2182859 7418879 13370796 -180454 2072425 9737691 11663503 147387 110751 9590304 11552752 TO PROVIDE CHILD CARE AND FOSTER CARE CHILD PLACEMENT 0 0 10836588 8432000 756369 PROVISION OF CHILD CARE AND FOSTER CARE CHILD PLACEMENT 10836588 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 22 0 1 69 1 0 0 0 0 0 0 0 0 0 1 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X X MICHELLE RUDLOFF 2549682143 1779 N GRAHAM ST STEPHENVILLE TX 76401 DOUG YOUNG PRESIDENT/CEO 40.00 1.00 X 129750 0 22894 MICHAEL WARREN VICE PRESIDENT 40.00 1.00 X 80075 0 8265 HARRIETT FRAZIER VICE PRESIDENT 40.00 1.00 X 91873 0 20175 MICHELLE RUDLOFF VICE PRESIDENT/TREASURER 40.00 1.00 X 77333 0 19469 ASHLEY HALL VICE PRESIDENT 40.00 1.00 X 83214 0 19066 ANDREW BREWER VICE PRESIDENT 40.00 1.00 X 69690 0 18621 MELANIE WARREN SECRETARY 40.00 1.00 X 0 0 0 MIKE BLEVINS CHAIRMAN 1.00 X X 0 0 0 PHIL UHRHAN VICE CHAIRMAN 1.00 X X 0 0 0 STEVE SMITH DIRECTOR 1.00 X 0 0 0 CHAD GILLEY DIRECTOR 1.00 X 0 0 0 LANE LANIER DIRECTOR 1.00 X 0 0 0 BO COX DIRECTOR 1.00 X 0 0 0 DARLA DOTY DIRECTOR 1.00 X 0 0 0 STEVEN HEROD DIRECTOR 1.00 X 0 0 0 JEFF JEFFRIES DIRECTOR 1.00 X 0 0 0 EARL KRIEG DIRECTOR 1.00 X 0 0 0 CLINTON NIX DIRECTOR 1.00 X 0 0 0 STEVE PARKER DIRECTOR 1.00 X 0 0 0 JOHN TERRILL DIRECTOR 1.00 X 0 0 0 531935 0 108490 1 0 1 0 0 788866 13653587 9775832 14442453 CHILD CARE PROGRAM 624110 720484 720484 720484 143040 143040 1330 1330 5090 0 5090 5090 5090 3651750 3659087 -7337 -7337 -7337 126406 24578 101828 101828 OTHER INCOME 900099 21122 21122 STOCK SHOW PROCEEDS 900099 12291 12291 BARN PROGRAM 900099 2472 2472 448 448 36333 15443221 756369 0 244399 8432000 8432000 645345 622652 22693 1701507 1113751 362929 224827 118371 81299 20187 16885 107380 42432 37221 27727 183334 126399 39789 17146 1407 1407 50418 13593 36825 5163 4519 392 252 93242 39994 5034 48214 132899 16274 112935 3690 395971 10330 384861 780 82151 21790 50709 9652 25534 23378 1950 206 5 5 487793 487793 433183 433183 SUPPLIES 138696 63657 75039 YOUTH ACTIVITIES 115898 115859 39 MISCELLANEOUS 111776 28962 17176 65638 FOOD, CLOTHING, MEDICAL 48742 48742 59981 29550 4899 25532 13370796 10836588 2093659 440549 615439 773791 73292 56389 5000 0 10960 14325 15308059 5701207 8859146 9606852 173854 1178448 0 33698 9737691 11663503 18168 51117 61400 0 0 67819 59634 147387 110751 X 9480830 9590304 109474 1962448 9590304 11552752 9737691 11663503 2072425 -109977 0 X 0 1 X 0 0 X 4524780 2691306 2288124 6159449 14442453 30106112 4524780 2691306 2288124 6159449 14442453 30106112 30106112 2573 2009 8735 43754 148130 205201 15038 32039 43062 51865 37215 179219 30490532 286786 0.98740 0.98900 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1003460 784857 1788317 11753745 4452658 7301087 587029 414439 172590 1178968 834110 344858 9606852 FUNDS HELD FOR THE BENEFIT OF CHILDREN 11595 BENEFITS PAYABLE 9728 OTHER ACCRUED EXPENSES 4584 DUE TO FOUNDATION 29 RIGHT OF USE LIABILITY 33698 59634 X PART X, LINE 2: THE HOME AND FOUNDATION ARE ORGANIZED AS TEXAS NONPROFIT CORPORATIONS AND HAVE BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTIONS 501(A) OF THE INTERNAL REVENUE CODE AS ORGANIZATIONS DESCRIBED IN SECTION 501(C)(3), QUALIFY FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTIONS 170(B)(1)(A)(VI) AND (VIII), AND HAVE BEEN DETERMINED NOT TO BE PRIVATE FOUNDATIONS UNDER SECTIONS 509(A)(1) AND (3), RESPECTIVELY. THE HOME AND FOUNDATION ARE SUBJECT TO FEDERAL INCOME TAX ON NET UNRELATED BUSINESS TAXABLE INCOME. THERE WAS NO UNRELATED BUSINESS TAXABLE NET INCOME FOR THE FISCAL YEARS ENDED AUGUST 31, 2025 AND 2024. THE HOME AND FOUNDATION ARE REQUIRED TO ANNUALLY FILE A FORM 990 WITH THE INTERNAL REVENUE SERVICE. MANAGEMENT BELIEVES THAT EACH ENTITY HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE ORGANIZATION WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED. AUCTION 111181 111181 3951 9571 GOLF TOURNAMENT 15225 15225 970 3782 1863 4441 126406 126406 970 3782 5814 14012 24578 101828 0 FOSTER'S HOME FOUNDATION P O BOX 978 STEPHENVILLE TX 76401 752446210 501(C)(3) 8432000 0 INCREASE ENDOWMENT FUND X 0 0 0 0 0 0 0 0 0 DOUG YOUNG PRESIDENT/CEO 129750 0 0 0 0 0 10380 0 12514 0 152644 0 0 0 X 2 22195 FMV X 3 5118177 FMV X 4 4635460 FMV 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS SENT TO THE BOARD OF DIRECTORS FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C A WRITTEN CONFLICT OF INTEREST POLICY IS PRESENT AND THE BOARD MEMBERS REVIEW AND SIGN IT ANNUALLY. COMPLIANCE IS MONITORED AND ENFORCED BY REFUSAL TO ENGAGE IN ANY MONETARY TRANSACTIONS FROM THE HOME TO THE BOARD. THIS INVOLVES REFUSING TO UTILIZE ANY BOARD MEMBER, OR THEIR COMPANY, FOR SERVICES RENDERED. BOARD MEMBERS ALSO ABSTAIN AS NECESSARY FROM ANY VOTES THAT MAY PERTAIN TO A PERSONAL CONFLICT OF INTEREST RELATED TO RELATIONSHIPS, TRANSACTIONS, OR POSITIONS. IF A BOARD MEMBER PERCEIVES THEY, OR ANOTHER BOARD MEMBER, MAY HAVE A CONFLICT OF INTEREST, IT IS BROUGHT UP FOR DISCLOSURE AND DISCUSSION. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE DIRECTORS'S SALARY IS DISCUSSED AND APPROVED BY THE BOARD OF DIRECTORS AND THEN IS RECORDED IN THE BOARD MEETING MINUTES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. THE FINANCIAL STATEMENTS ARE ALSO AVAILABLE ON THE ORGANIZATION'S WEBSITE. FOSTER'S HOME FOUNDATION P O BOX 978 STEPHENVILLE TX 76401 752446210 PROVIDE OPERATIONAL FUNDING FOR SHERWOOD & MYRTIE FOSTER HOME FOR CHILDREN TX 501(C)(3) LINE 12A, I 0 0 1 1 0 0 0 0 0 0 0 0 1 0 1 1 1 1 0 0 FOSTER'S HOME FOUNDATON B 5000000 FOSTER'S HOME FOUNDATON C 788866 FOSTER'S HOME FOUNDATON R 3432000