Specs Charitable Foundation - Nonprofit Explorer - ProPublica (2024)

  • Houston, TX
  • Tax-exempt since June 1997
  • EIN: 76-0488033

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Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn’t provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism, and Grantmaking Foundations N.E.C. (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue

$2.09M (2022)

Expenses

$1.9M (2022)

Total Assets

$4.08M (2022)

Total Liabilities

$0 (2022)

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.

2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Revenue

$2,086,647

Expenses

$1,899,841

Net Income

$186,806

Net Assets

$4,076,623

Notable Sources of Revenue Percent of Total Revenue
Contributions Received $586,014

28.1%

Interest Revenue $14,643

0.7%

Dividends $75,820

3.6%

Sales of Assets $68,301

3.3%

Other Income $1,321,416

63.3%

Notable Expenses Percent of Total Expenses
Charitable Disbursem*nts $1,536,597

80.9%

Compensation of Officers* $0
* Officer compensation may be included in charitable disbursem*nts, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $4,076,623
Total Liabilities $0
Net Assets $4,076,623

Compensation
Key Employees and Officers Compensation Other
John A Rydman (Vice Pres) $0 $0
Karen Lynn Rydman (President) $0 $0
Lisa R Key (Sec/Treas.) $0 $0
Robert J Heisler (Vice Pres) $0 $0

Document Links

990-PF
Filed on Nov. 13, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing

XML

Fiscal Year Ending Dec.

2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Revenue

$1,831,022

Expenses

$1,206,500

Net Income

$624,522

Net Assets

$3,278,436

Notable Sources of Revenue Percent of Total Revenue
Contributions Received $700,000

38.2%

Interest Revenue $13,067

0.7%

Dividends $52,073

2.8%

Sales of Assets $350,541

19.1%

Other Income $695,646

38.0%

Notable Expenses Percent of Total Expenses
Charitable Disbursem*nts $1,154,000

95.6%

Compensation of Officers* $0
* Officer compensation may be included in charitable disbursem*nts, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,278,436
Total Liabilities $0
Net Assets $3,278,436

Compensation
Key Employees and Officers Compensation Other
John A Rydman (Vice Pres) $0 $0
Karen Lynn Rydman (President) $0 $0
Lisa R Key (Sec/Treas.) $0 $0
Robert J Heisler (Vice Pres) $0 $0

Document Links

990-PF
Filed on Nov. 15, 2022

Primary tax return for a private foundation's activities, finances, and governance

View Filing

XML

Fiscal Year Ending Dec.

2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Revenue

$1,787,955

Expenses

$1,539,819

Net Income

$248,136

Net Assets

$3,216,964

Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,110,000

62.1%

Interest Revenue $15,527

0.9%

Dividends $31,404

1.8%

Sales of Assets $70,561

3.9%

Other Income $542,000

30.3%

Notable Expenses Percent of Total Expenses
Charitable Disbursem*nts $1,446,000

93.9%

Compensation of Officers* $0
* Officer compensation may be included in charitable disbursem*nts, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $3,216,965
Total Liabilities $1
Net Assets $3,216,964

Compensation
Key Employees and Officers Compensation Other
John A Rydman (Vice Pres) $0 $0
Karen Lynn Rydman (President) $0 $0
Lisa R Key (Sec/Treas.) $0 $0
Robert J Heisler (Vice Pres) $0 $0

Document Links

990-PF
Filed on Nov. 15, 2021

Primary tax return for a private foundation's activities, finances, and governance

View Filing

XML

Fiscal Year Ending Dec.

2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $766,000

41.7%

Interest Revenue $14,235

0.8%

Dividends $46,860

2.5%

Sales of Assets $84,024

4.6%

Other Income $910,193

49.5%

Notable Expenses Percent of Total Expenses
Charitable Disbursem*nts $1,512,100

86.3%

Compensation of Officers* $0
* Officer compensation may be included in charitable disbursem*nts, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,975,032
Total Liabilities $1
Net Assets $2,975,031

Compensation
Key Employees and Officers Compensation Other
John A Rydman (Vice Pres) $0 $0
Karen Lynn Rydman (President) $0 $0
Lisa R Key (Sec/Treas.) $0 $0
Robert J Heisler (Vice Pres) $0 $0

Document Links

990-PF
Filed on Nov. 14, 2020

Primary tax return for a private foundation's activities, finances, and governance

View Filing

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.

2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Revenue

$1,958,473

Expenses

$1,649,855

Net Income

$308,618

Net Assets

$2,879,702

Notable Sources of Revenue Percent of Total Revenue
Contributions Received $867,262

44.3%

Interest Revenue $14,846

0.8%

Dividends $58,962

3.0%

Sales of Assets $201,481

10.3%

Other Income $800,548

40.9%

Notable Expenses Percent of Total Expenses
Charitable Disbursem*nts $1,435,000

87.0%

Compensation of Officers* $0
* Officer compensation may be included in charitable disbursem*nts, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,879,702
Total Liabilities $0
Net Assets $2,879,702

Compensation
Key Employees and Officers Compensation Other
John A Rydman (Vice Pres) $0 $0
Karen Lynn Rydman (President) $0 $0
Lisa R Key (Sec/Treas.) $0 $0
Robert J Heisler (Vice Pres) $0 $0

Document Links

990-PF
Filed on Nov. 14, 2019

Primary tax return for a private foundation's activities, finances, and governance

View Filing

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.

2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Revenue

$1,773,178

Expenses

$1,485,772

Net Income

$287,406

Net Assets

$2,568,310

Notable Sources of Revenue Percent of Total Revenue
Contributions Received $738,405

41.6%

Interest Revenue $11,558

0.7%

Dividends $86,986

4.9%

Sales of Assets $101,868

5.7%

Other Income $833,098

47.0%

Notable Expenses Percent of Total Expenses
Charitable Disbursem*nts $1,219,175

82.1%

Compensation of Officers* $0
* Officer compensation may be included in charitable disbursem*nts, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,568,310
Total Liabilities $0
Net Assets $2,568,310

Compensation
Key Employees and Officers Compensation Other
John A Rydman (Vice Pres) $0 $0
Karen Lynn Rydman (President) $0 $0
Lisa R Key (Sec/Treas.) $0 $0
Robert J Heisler (Vice Pres) $0 $0

Document Links

990-PF
Filed on Nov. 13, 2018

Primary tax return for a private foundation's activities, finances, and governance

View Filing

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.

2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Revenue

$1,349,413

Expenses

$1,362,988

Net Income

-$13,575

Net Assets

$2,278,842

Notable Sources of Revenue Percent of Total Revenue
Contributions Received $700,000

51.9%

Interest Revenue $9,093

0.7%

Dividends $39,357

2.9%

Sales of Assets $41,460

3.1%

Other Income $545,669

40.4%

Notable Expenses Percent of Total Expenses
Charitable Disbursem*nts $1,043,400

76.6%

Compensation of Officers* $0
* Officer compensation may be included in charitable disbursem*nts, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,278,842
Total Liabilities $0
Net Assets $2,278,842

Compensation
Key Employees and Officers Compensation Other
John A Rydman (Vice Pres) $0 $0
Karen Lynn Rydman (President) $0 $0
Lisa R Key (Sec/Treas.) $0 $0
Robert J Heisler (Vice Pres) $0 $0

Document Links

990-PF
Filed on Dec. 1, 2017

Primary tax return for a private foundation's activities, finances, and governance

View Filing

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.

2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Revenue

$1,296,858

Expenses

$992,817

Net Income

$304,041

Net Assets

$2,293,774

Notable Sources of Revenue Percent of Total Revenue
Contributions Received $260,000

20.0%

Interest Revenue $7,296

0.6%

Dividends $46,945

3.6%

Sales of Assets $52,531

4.1%

Other Income $915,017

70.6%

Notable Expenses Percent of Total Expenses
Charitable Disbursem*nts $771,000

77.7%

Compensation of Officers* $0
* Officer compensation may be included in charitable disbursem*nts, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $2,293,774
Total Liabilities $0
Net Assets $2,293,774

Compensation
Key Employees and Officers Compensation Other
John A Rydman (Vice Pres) $0 $0
Karen Lynn Rydman (President) $0 $0
Lisa R Key (Sec/Treas.) $0 $0
Robert J Heisler (Vice Pres) $0 $0

Document Links

990-PF
Filed on Nov. 15, 2016

Primary tax return for a private foundation's activities, finances, and governance

View Filing

PDF XML

Fiscal Year Ending Dec.

2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Revenue

$1,488,574

Expenses

$1,255,944

Net Income

$232,630

Net Assets

$1,989,683

Notable Sources of Revenue Percent of Total Revenue
Contributions Received $611,378

41.1%

Interest Revenue $12,246

0.8%

Dividends $44,881

3.0%

Sales of Assets $102,189

6.9%

Other Income $704,292

47.3%

Notable Expenses Percent of Total Expenses
Charitable Disbursem*nts $1,102,935

87.8%

Compensation of Officers* $0
* Officer compensation may be included in charitable disbursem*nts, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,989,683
Total Liabilities $0
Net Assets $1,989,683

Compensation
Key Employees and Officers Compensation Other
John A Rydman (Vice Pres) $0 $0
Karen Lynn Rydman (President) $0 $0
Lisa R Key (Sec/Treas.) $0 $0
Robert J Heisler (Vice Pres) $0 $0

Document Links

990-PF
Filed on Nov. 16, 2015

Primary tax return for a private foundation's activities, finances, and governance

View Filing

PDF XML

Fiscal Year Ending Dec.

2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Revenue

$1,411,889

Expenses

$1,547,028

Net Income

-$135,139

Net Assets

$1,757,053

Notable Sources of Revenue Percent of Total Revenue
Contributions Received $600,000

42.5%

Interest Revenue $0
Dividends $46,793

3.3%

Sales of Assets $110,839

7.9%

Other Income $647,427

45.9%

Notable Expenses Percent of Total Expenses
Charitable Disbursem*nts $1,365,000

88.2%

Compensation of Officers* $0
* Officer compensation may be included in charitable disbursem*nts, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,757,053
Total Liabilities $0
Net Assets $1,757,053

Compensation
Key Employees and Officers Compensation Other
John A Rydman (Vice Pres) $0 $0
Karen Lynn Rydman (President) $0 $0
Lisa R Key (Sec/Treas.) $0 $0
Robert J Heisler (Vice Pres) $0 $0

Document Links

990-PF
Filed on Nov. 12, 2014

Primary tax return for a private foundation's activities, finances, and governance

View Filing

PDF XML

Fiscal Year Ending Dec.

2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Revenue

$959,304

Expenses

$1,059,599

Net Income

-$100,295

Net Assets

$1,892,191

Notable Sources of Revenue Percent of Total Revenue
Contributions Received $358,896

37.4%

Interest Revenue $0
Dividends $50,008

5.2%

Sales of Assets $29,891

3.1%

Other Income $505,477

52.7%

Notable Expenses Percent of Total Expenses
Charitable Disbursem*nts $880,000

83.1%

Compensation of Officers* $0
* Officer compensation may be included in charitable disbursem*nts, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,892,192
Total Liabilities $1
Net Assets $1,892,191

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.

2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Revenue

$1,247,955

Expenses

$801,793

Net Income

$446,162

Net Assets

$1,992,487

Notable Sources of Revenue Percent of Total Revenue
Contributions Received $490,000

39.3%

Interest Revenue $0
Dividends $49,469

4.0%

Sales of Assets $38,483

3.1%

Other Income $659,751

52.9%

Notable Expenses Percent of Total Expenses
Charitable Disbursem*nts $625,000

78.0%

Compensation of Officers* $0
* Officer compensation may be included in charitable disbursem*nts, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $1,992,487
Total Liabilities $0
Net Assets $1,992,487

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.

2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.

2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.

2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.

2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.

2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.

2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.

2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.

2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.

2001

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

API

The data powering this website is available programmatically, via an API. Read the API documentation »

Byline

By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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Specs Charitable Foundation - Nonprofit Explorer - ProPublica (2024)
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