DR FRANK FORMAN & CARRIE FORMAN MEMORIAL FUND
EIN 74-6109773 · Private Grantmaking Foundations (T20)
What they do
CREATED UNDER THE WILL of MRS. CARRIE FORMAN WHICH LEFT ALL of HER PROCESSIONS to THIS CHARITABLE TRUST for THE BENEFIT of FIRST PRESBYTERIAN CHUCH of WACO,TX. UPON REQUEST BY THE CHURCH or DISCRETION of THE TRUSTEE, ACCUMULATIONS of INCOME ARE PAID to THE CHURCH FROM THE CHARITABLE TRUST. DISTRIBUTIONS MUST BE MADE AT LEAST ANNUALLY to THE CHURCH. MRS. FORMANS WILL APPOINTED CHURCH TRUSTEES to RECEIVE THE DITRIBUTIONS FROM THE TRUST and to PAY THEM OUT for THE FOLLOWING CHARITABLE PURPOSES: 1)$500 ANNUALLY to THE BENEVOLENT BUDGET of THE CHURCH, 2)AT THE DISCRETION of THE CHURCH TRUSTESS,THEY SHALL SELECT WORTHY RECIPIENTS of COLLEGE SCHOLARSHIPS, 3)AT THE CHURCH TRUSTEESDISCRETION,THEY MAY USE THE FUNDS for THE RELIEF of INDIVIDUAL HARDSHIP or CHARITY CASES REFERRED to THE CHURCH TRUSTEES BY THE PASTOR and BENCH of ELDERS of THE CHURCH,AND 4)IF FUNDS ARE AVAILABLE,THE CHURCH TRUSTEES MAY MAKE GIFTS to AUSTIN COLLEGE for SCHOLARSHIPS ONLY.
Should I give to this charity?
Of every $100 spent, about $84.70 was reported for mission work. Use the spending picture below and ask what results that work produced.
Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.
Basic facts we verified
IRS warning checkNo IRS revocation warning appears in this data.
Money report from 2017The report may be old. Ask for a newer one.
They explain their jobThe charity tells us what it is trying to do.
They name their leaders5 people are listed in the latest report.
You can reach themThey list contact information, so you can ask questions.
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Financial picture
A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.
How each $100 of revenue was used
The large number compares each expense with revenue. The smaller number shows its share of total expenses.
Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.
Money in and money out
Reported spending amounts
Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.
See all reported dollar amounts
Leadership and board
Names, titles, time, and compensation below are reported by the organization on its Form 990.
No compensation was reported for these leaders. The complete board and leadership roster is shown below.
Board and leadership roster (5)
BETHANY BADEAUXTRUSTEE
CATHERINE MCPHEEREPRESENTATIVE
DAVID SMITHREPRESENTATIVE
PAUL HERRINGREPRESENTATIVE
ROBERT GRAYSONREPRESENTATIVE
About this charity
- Recognized since
- January 2015
- Location
- PO BOX 2303, WACO, TX 76703-2303
- County
- McLennan
- In care of
- % BETH WILT
- Primary officer
- COMMUNITY BANK TRUST, TRUSTEE
How to reach them
Filing and classification
- Latest tax year
- 2017
- Tax period began
- May 1, 2017
- Return type
- 990
- Tax preparer
- JAYNES REITMEIER BOYD & THERRELL PC
- NTEE classification
- Private Grantmaking Foundations (T20)
- IRS tax category
- Private Grantmaking Foundations