Welborn-payne Endowment Trust
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Growing revenue
Welborn-payne Endowment Trust is a 501(c)(3) organization based in Lubbock, Texas, registered in 1993, with $39,161,277 in FY2024 revenue. CharityIndex grades it C+.
1401 Avenue Q, Lubbock, TX, 79401 EIN 75-6435671 Since 1993
Revenue (FY2024)
$39.2M
▲ 1641.0% vs prior year
Expenses (FY2024)
$2.3M
Net assets
$74.1M
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 Welborn-payne Endowment Trust— 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 rating393 mo reserves · +94% 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 Welborn-payne Endowment Trust: 393 mo reserves · +94% 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 Welborn-payne Endowment Trust— 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 Welborn-payne Endowment Trust: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $1.7M (FY2013) to $39.2M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $74.1M
Operating margin
94.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$74.1M
Total liabilities
$0
Net assets
$74.1M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $39,161,277▲1641% | $2,264,826▲16.0% | $74,083,578▲99.2% | $74,083,578▲99.2% | 990PF |
| 2023 | $2,249,343▼9.4% | $1,951,794▼12.3% | $37,187,127▲0.8% | $37,187,127▲0.8% | 990PF |
| 2022 | $2,483,681▼47.1% | $2,226,354▲25.0% | $36,889,578▲0.7% | $36,889,578▲0.7% | 990PF |
| 2021 | $4,694,408▲103% | $1,780,401▲7.0% | $36,632,251▲8.6% | $36,632,251▲8.6% | 990PF |
| 2020 | $2,312,111▲15.3% | $1,664,176▼6.6% | $33,718,244▲2.0% | $33,718,244▲2.0% | 990PF |
| 2019 | $2,005,469▼47.2% | $1,781,080▲1.1% | $33,044,339▲0.7% | $33,044,339▲0.7% | 990PF |
| 2018 | $3,798,848▼0.3% | $1,761,857▼6.5% | $32,819,950▲6.6% | $32,819,950▲6.6% | 990PF |
| 2017 | $3,808,632▲97.8% | $1,883,509▲12.6% | $30,782,959▲6.7% | $30,782,959▲6.7% | 990PF |
| 2016 | $1,925,285▼24.2% | $1,673,313▼3.9% | $28,857,836▲1.2% | $28,857,836▲1.2% | 990PF |
| 2015 | $2,539,542▲3.8% | $1,740,727▼0.7% | $28,525,401▲2.9% | $28,525,401▲2.9% | 990PF |
| 2014 | $2,446,034▲44.9% | $1,753,542▲3.2% | $27,726,586▲2.6% | $27,726,586▲2.6% | 990PF |
| 2013 | $1,687,521 | $1,699,053▲9.2% | $27,034,094 | $27,034,094 | 990PF |
| 2012 | — | $1,555,642 | $27,045,626 | $27,045,626 | 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 Welborn-payne Endowment Trust a legitimate nonprofit?
- Yes. Welborn-payne Endowment Trust is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 75-6435671, based in Lubbock, Texas. Donations are tax-deductible.
- What is Welborn-payne Endowment Trust's EIN?
- Welborn-payne Endowment Trust's Employer Identification Number (EIN) is 75-6435671.
- How much revenue does Welborn-payne Endowment Trust report?
- Welborn-payne Endowment Trust reported $39,161,277 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Welborn-payne Endowment Trust have?
- CharityIndex grades Welborn-payne Endowment Trust C+, based on financial health (reserves and operating margin).
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Data for Welborn-payne Endowment Trust (EIN 75-6435671) 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.