Carole & Gene Chambers Foundation
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Declining revenue
Carole & Gene Chambers Foundation is a 501(c)(3) organization based in Katy, Texas, registered in 1989, with $56,878 in FY2024 revenue. CharityIndex grades it C+.
4003 Emerald Branch Ln, Katy, TX, 77450 EIN 76-0262887 Since 1989
Revenue (FY2024)
$57K
▼ 3.3% vs prior year
Expenses (FY2024)
$51K
Net assets
$793K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Carole & Gene Chambers Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating188 mo reserves · +11% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Carole & Gene Chambers Foundation: 188 mo reserves · +11% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Carole & Gene Chambers Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Carole & Gene Chambers Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Contact & location
Financial trends
Revenue grew from -$101K (FY2013) to $57K (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $793K
Operating margin
11.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$793K
Total liabilities
$0
Net assets
$793K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $56,878▼3.3% | $50,538▲70.3% | $792,853▲0.8% | $792,853▲0.8% | 990PF |
| 2023 | $58,789▲9.2% | $29,673▼29.2% | $786,513▲4.5% | $786,535▲4.5% | 990PF |
| 2022 | $53,826▼55.5% | $41,889▼14.5% | $752,897▲1.6% | $752,897▲1.6% | 990PF |
| 2021 | $120,985▲13.6% | $48,993▲9.0% | $740,960▲4.5% | $740,960▲4.4% | 990PF |
| 2020 | $106,458▲66.8% | $44,941▲6.6% | $709,369▲3.9% | $709,550▲4.0% | 990PF |
| 2019 | $63,835▲10.8% | $42,143▼10.8% | $682,585▲3.3% | $682,585▲3.3% | 990PF |
| 2018 | $57,607▼7.6% | $47,226▼4.3% | $660,893▲1.6% | $660,893▲1.6% | 990PF |
| 2017 | $62,335▲34.2% | $49,336▼4.7% | $650,512▲2.0% | $650,686▲2.1% | 990PF |
| 2016 | $46,457▼22.0% | $51,776▲12.8% | $637,513▼0.8% | $637,513▼0.9% | 990PF |
| 2015 | $59,541▲253% | $45,887▼1.0% | $642,832▲2.2% | $643,426▲2.3% | 990PF |
| 2014 | $16,856▲117% | $46,337▼15.2% | $629,178▼4.5% | $629,178▼4.5% | 990PF |
| 2013 | -$101,459 | $54,666▲19.3% | $658,659▼19.2% | $658,659▼19.2% | 990PF |
| 2012 | — | $45,820 | $814,784 | $815,418 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Carole & Gene Chambers Foundation a legitimate nonprofit?
- Yes. Carole & Gene Chambers Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 76-0262887, based in Katy, Texas. Donations are tax-deductible.
- What is Carole & Gene Chambers Foundation's EIN?
- Carole & Gene Chambers Foundation's Employer Identification Number (EIN) is 76-0262887.
- How much revenue does Carole & Gene Chambers Foundation report?
- Carole & Gene Chambers Foundation reported $56,878 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Carole & Gene Chambers Foundation have?
- CharityIndex grades Carole & Gene Chambers Foundation C+, based on financial health (reserves and operating margin).
More nonprofits in Katy
Explore more
Data for Carole & Gene Chambers Foundation (EIN 76-0262887) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.