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Filing year 2024

WELBORN-PAYNE ENDOWMENT TRUST

Lubbock, Texas·EIN 75-6435671·NTEE T20 · Philanthropy, Voluntarism & Grantmaking Foundations·501(c)(3)

* Sector derived from filing type (Form 990-PF), not IRS-assigned

Total revenue
$39.2M
Total assets
$74.1M
Total expenses
$2.3M
Reported officers
1

Executive compensation

Form 990-PF · Part VIII · 1 reported individual · Filing year 2024

Percentile bands compare each position's total pay with the same role at Philanthropy, Voluntarism & Grantmaking organizations in Texas.

Trustee
Board Member
Above 90th percentile
$186k
$197k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Browse compensation in Philanthropy, Voluntarism & Grantmaking

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at WELBORN-PAYNE ENDOWMENT TRUST equaled 8% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

This organization (2024)
8%
Sector median
15%
Middle half of sector
5% to 24%

Based on 35,946 philanthropy, voluntarism & grantmaking organizations, each measured at its most recent filing year with reported expenses and compensation.

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$1.8M

Itemized grants

19

Median grant

$100k

RecipientLocationPurposeAmount
FIRST UNITED METHODIST CHURCHLUBBOCK, TXTO SUPPORT THE MISSION OF THE METHODIST CHURCH$200k
SOUTH PLAINS FOOD BANKLUBBOCK, TXASSIST THE HUNGRY$200k
LUBBOCK PUBLIC MEDIALUBBOCK, TXTO SUPPORT THE GROWTH OF CLASSICAL MUSIC IN LUBBOCK$150k
TEXAS TECH FOUNDATIONLUBBOCK, TXTO FUND PUBLIC BROADCASTING STATION KTTZ-FM$150k
THE WESLEY AT TEXAS TECH UNIVERSITYLUBBOCK, TXTO ASSIST WITH RAISING THE NEXT GENERATION OF CHRISTIAN LEADERS$150k
TEXAS BOYS RANCH FOUNDATIONLUBBOCK, TXFOSTER CHILDREN$127k
THE SALVATION ARMYLUBBOCK, TXTO PROVIDE FUNDS TO HELP SATISFY HUMAN NEEDS, AND PROVIDE DISASTER SUPPORT.$125k
BALLET LUBBOCKLUBBOCK, TXTO SUPPORT PRE-PROFESSIONAL DANCE EDUCATION AND PERFORMANCES$120k
LUBBOCK MEALS ON WHEELSLUBBOCK, TXTO PROVIDE MEALS FOR INDIVIDUALS$102k
COMMUNITY HEALTH CENTER OF LUBBOCKLUBBOCK, TXTO ASSIST WITH PROVIDING HEALTH CARE SERVICES TO THE NEEDY$100k
LUBBOCK WOMENS CLUBLUBBOCK, TXTO FUND SPEAKER SERIES$100k
SCIENCE SPECTRUM INCLUBBOCK, TXTO FUND THE ACTIVITIES OF THE MUSEUM.$99k
HIGH POINT VILLAGELUBBOCK, TXTO PROVIDE FUNDS FOR THE INTELLECTUALLY DISABLED.$60k
CASA OF THE SOUTH PLAINS INCLUBBOCK, TXTO SUPPORT THE MISSION OF CASA IN RECRUITING AND TRAINING VOLUNTEERS TO SERVE AS ADVOCATES FOR ABUSED AND NEGLECTED CHILDREN$50k
LUBBOCK AREA UNITED WAYLUBBOCK, TXTO SUPPORT THE ORGANIZATIONS ASSOCIATED WITH UNITED WAY$30k
LUBBOCK ARTS ALLIANCELUBBOCK, TXTO SUPPORT AND FOSTER THE CREATION, UNDERSTANDING AND ENJOYMENT OF THE ARTS$30k
NAVIGATORS FIRST RESPONDER MINISTRYCOLORADO SPRINGS, COTO FUND THE MINISTRY OF SHARING THE GOSPEL OF JESUS.$26k
BRIDGES TO LIFEHOUSTON, TXTO ASSET WITH THE REHABILITATION OF INMATES$10k
FIRST UNITED METHODIST CHURCH-EVERLIVING CHURCH TRUSTLUBBOCK, TXRELIGIOUS$3k
Compare this foundation's grantees

Up 51%
from 2023

From $123k in 2023 to $186k in 2024.

$123k
2023
$186k
2024
In today's dollarsEst.
Up 47% in real terms$134k to $197k

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Board Member pay rose 51% from 2023 to 2024, while revenue rose 1641%.

$123k in 2023 to $186k in 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

This is a private foundation. Peers are foundations of similar asset size ($50M - $150M), because foundation pay scales with assets under management, not revenue.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about WELBORN-PAYNE ENDOWMENT TRUST

What does the Board Member of WELBORN-PAYNE ENDOWMENT TRUST earn?

In 2024, the Board Member of WELBORN-PAYNE ENDOWMENT TRUST received $185,554 in total compensation. This pay is in the top 10% for Board Member roles among Philanthropy, Voluntarism & Grantmaking organizations in Texas: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Board Member pay at WELBORN-PAYNE ENDOWMENT TRUST compare with similar nonprofits?

Compared with the same role at Philanthropy, Voluntarism & Grantmaking organizations in Texas, the 2024 pay of the Board Member at WELBORN-PAYNE ENDOWMENT TRUST falls in the top 10%. In 2024, the highest total compensation at WELBORN-PAYNE ENDOWMENT TRUST equaled 8% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.

What are WELBORN-PAYNE ENDOWMENT TRUST's revenue and expenses?

In 2024, WELBORN-PAYNE ENDOWMENT TRUST reported $39.2M in total revenue and $2.3M in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($50M - $150M), because foundation pay scales with assets under management, not revenue.