Erath County Gateway Corporation is a private foundation focused on Religion Related, based in STEPHENVILLE, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $690K in total assets. In 2024, it awarded 12 grants totaling $123K. Net investment income was $6K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$690K
+69.2% YoY
Annual Giving
$123K
-37.1% YoY
Grant Count
12
-7.7% YoY
Avg Grant Size
$10K
-31.8% YoY
Under IRS private-foundation payout rules, Erath County Gateway Corporation reported a distributable amount of $18K for 2024 — the minimum it must pay out in qualifying distributions.
About Erath County Gateway Corporation
Based on IRS filings
Erath County Gateway Corporation is a private foundation focused on Religion Related, based in STEPHENVILLE, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $690K in total assets. In 2024, it awarded 12 grants totaling $123K. Net investment income was $6K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $690,403 | $407,997 | $400,082 |
| Revenue | $406,250 | $204,210 | $1,620 |
| Expenses | $123,844 | $196,295 | $350,862 |
| Qualifying Distributions | $123,200 | $195,800 | — |
| Net Investment Income | $6,250 | $4,210 | $1,299 |
| Distributable Amount | $18,429 | $16,713 | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
25 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Baptist Student Ministries ($28,600), Choices Life Resource Center ($24,000), Foster's Home for Children ($24,000).
| Recipient | Purpose | Amount |
|---|---|---|
| CHOICES LIFE RESOURCE CENTER STEPHENVILLE, TX | DAILY OPERATING EXP AND MINISTRIES | $24,000 |
| FOSTER'S HOME FOR CHILDREN STEPHENVILLE, TX | DAILY OPERATING EXP AND MINISTRIES | $24,000 |
| BAPTIST STUDENT MINISTRIES STEPHENVILLE, TX | DAILY OPERATING EXP AND MINISTRIES | $28,600 |
| MESSIANIC JEWISH BIBLE INSTITUTE EULESS, TX | DAILY OPERATING EXP AND MINISTRIES | $3,000 |
| ST JUDE CHILDREN'S RESEARCH HOSPITA MEMPHIS, TN | DAILY OPERATING EXP AND MINISTRIES | $6,000 |
| FELLOWSHIP OF CHRISTIAN ATHLETES ABILENE, TX | DAILY OPERATING EXP AND MINISTRIES | $6,000 |
| BACKPACK BUDDIES OF ERATH COUNTY STEPHENVILLE, TX | DAILY OPERATING EXP AND MINISTRIES | $3,600 |
| SHRINER'S HOSPITALS FOR CHILDREN TAMPA, FL | DAILY OPERATING EXP AND MINISTRIES | $6,000 |
| FIVE STONE MENTORING STEPHENVILLE, TX | DAILY OPERATING EXP & MINISTRIES | $4,000 |
| RESTORATION ADVOCATES STEPHENVILLE, TX | DAILY OPERATING EXP AND MINISTRIES | $6,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JAY D MILLS | PRESIDENT | 1 | — |
| TOBY MILLS | VICE PRES | 1 | — |
| JALYN SNODGRESS | SEC/TREAS | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Erath County Gateway Corporation?
Erath County Gateway Corporation is a private foundation focused on Religion Related, based in STEPHENVILLE, TX. It holds $690K in total assets as of 2024.
How large is Erath County Gateway Corporation?
As of 2024, Erath County Gateway Corporation holds $690K in total assets with $406K in annual revenue. It awarded 12 grants totaling $123K in 2024.
Where does Erath County Gateway Corporation operate?
Erath County Gateway Corporation has awarded grants in Florida, Tennessee, Texas.
What size grants does Erath County Gateway Corporation award?
In 2024, Erath County Gateway Corporation awarded 12 grants totaling $123K — an average of about $10K per grant, based on its IRS Form 990 filings.
How much is Erath County Gateway Corporation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Erath County Gateway Corporation reported a distributable amount of $18K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Erath County Gateway Corporation's EIN?
Erath County Gateway Corporation's EIN (Employer Identification Number) is 77-0698440. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Erath County Gateway Corporation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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