Friends of Vail Inc

Public charity · Grantmaker Pilot Point, TX EIN: 81-4001960

The foundation is organized and operated exclusively to receive contributions and to make grants to qualified organizations.

Key facts about Friends of Vail Inc

In short: Friends of Vail Inc gave $137K across 6 grants in 2025 (avg $23K), mostly in Texas. Source: 2025 IRS Form 990.

EIN
81-4001960
Latest 990 filing
Form 990, 2025
Annual giving (2025)
$137,115
Grants made (2025)
6
Average grant
$22,853
Median grant
$14,625
Total assets
$425,967
Primary geography
Texas (93% of itemized 2025 grant dollars)

Data from IRS Form 990, 2025; updated September 2026.

Financial Overview

From 2025 IRS Form 990 · View filing

Total Assets

$426K

+4.5% YoY

Annual Giving

$137K

+15.7% YoY

Grant Count

6

+100.0% YoY

Avg Grant Size

$23K

-42.1% YoY

How Friends of Vail Inc gives

  • Giving grew 318% from 2022 to 2025. Method

From the foundation's IRS Form 990 filings. Methodology.

About Friends of Vail Inc

Based on IRS filings

Friends of Vail Inc is a public charity focused on Education, based in Pilot Point, TX. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $426K in total assets. In 2025, it awarded 6 grants totaling $137K. Net investment income was $22K.

Focus Areas

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

2states

Share of all 6 itemized 2025 grant dollars.

States

Cities

AtlantaCollege StationPilot PointAubreyDecaturKingwood

Giving Over Time

Total grant dollars and number of grants per year

$0$50K$100K$150K1 grants20201 grants20212 grants20223 grants20233 grants20246 grants2025

From 2020 to 2025, annual grant giving ranged from $10K (2021) to $137K (2025). In 2025 it made 6 grants totaling $137K.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 6 recipients in 2025

Book Bus Inc (The Book Bus): $65KBook Bus Inc (The Book Bus)$65KTexas A&M Foundation: $23KTexas A&M Foundation$23KAubrey Independent School District (Isd): $18KAubrey Independent SchoolDistrict (Isd)$18KPilot Point Education Foundation: $12KPilot Point EducationFoundation$12KPilot Point Community Arts Inc: $11KPilot Point Community Arts Inc$11KCASA of Denton County (Court Appointed Advocates for Children): $9KCASA of Denton County (CourtAppointed Advocates for…$9K

The largest 2025 recipient was Book Bus Inc (The Book Bus) ($65K). Together the top 6 received $137K.

Grant Size Distribution

15 grants across all recorded years

14<$50K1$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 14 grants of 15 (93%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Book Bus Inc (The Book Bus) Decatur, TXLibraries/Literacy$65,000
Texas A&M Foundation College Station, TXEducational$23,000
Aubrey Independent School District (Isd) Aubrey, TXLibraries - to Improve Education, Literacy and Learning.$17,750
Pilot Point Education Foundation Pilot Point, TXEducational$11,500
Pilot Point Community Arts Inc Pilot Point, TXMusic, visual art, and performing arts for children and adults$10,750
CASA of Denton County (Court Appointed Advocates for Children) Atlanta, GACivil rights, social action and advoacacy. Children and youth services.$9,115

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$100K$200K$300K202020212022202320242025
Metric202520242023
Total Assets$425,967$407,556$467,786
Revenue$236,281$99,555$201,607
Expenses$212,245$165,410$64,015
Net Investment Income$21,866$13,301$3,327

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990 for fiscal year 2020 (received by the IRS November 12, 2021)
  2. Updated Form 990 for fiscal year 2021 (received by the IRS November 3, 2022)
  3. Updated Form 990 for fiscal year 2022 (received by the IRS November 13, 2023)
  4. Updated Form 990 for fiscal year 2023 (received by the IRS November 12, 2024)
  5. Updated Form 990 for fiscal year 2024 (received by the IRS October 29, 2025)
  6. Added Form 990 for fiscal year 2025 (received by the IRS May 7, 2026)

Leadership & Key People

Officers and directors from IRS filings

Friends of Vail Inc's 2025 filing lists 3 officers; none of the 3 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Chad Chance

    Pesident & Director

    On filings since 2020

    1 hr/week

    No compensation reported

  • Lee Ramsey

    Director

    On filings since 2020

    No compensation reported

  • Susan Chance

    Secretary, Treasurer & Director

    On filings since 2020

    2 hrs/week

    No compensation reported

Data from IRS Form 990 filings, 2020–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently asked questions about Friends of Vail Inc

How much does Friends of Vail Inc give each year?

Friends of Vail Inc gave $137K across 6 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $119K across 3 grants.

What is Friends of Vail Inc's typical grant size?

Friends of Vail Inc's median grant in 2025 was $14,625, and its average grant was $22,853, across 6 grants on its 2025 IRS Form 990.

Where does Friends of Vail Inc give grants?

Friends of Vail Inc gives mostly in Texas: 93% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there. The next largest state was Georgia (7%). The most frequent recipient cities were Pilot Point, TX (2 grants).

Does Friends of Vail Inc give general operating support?

Not in 2025: none of the 6 grants with a stated purpose on Friends of Vail Inc's 2025 IRS Form 990 were described as general or operating support.

Who are Friends of Vail Inc's largest grantees?

Friends of Vail Inc's largest 2025 grantees include Book Bus Inc (The Book Bus) ($65,000), Texas A&M Foundation ($23,000) and Aubrey Independent School District (Isd) ($17,750), according to its 2025 IRS Form 990. Together they received 77% of its itemized 2025 grant dollars.

How large is Friends of Vail Inc?

Friends of Vail Inc reported $426K in total assets on its 2025 IRS Form 990. Its revenue that year was $236K.

What is Friends of Vail Inc?

Friends of Vail Inc is a public charity focused on Education, based in Pilot Point, TX. It holds $426K in total assets as of 2025.

What is Friends of Vail Inc's EIN?

Friends of Vail Inc's EIN (Employer Identification Number) is 81-4001960. IRS Form 990 filing data is available on this page for 2020–2025.

Data last updated September 2026. Sourced from IRS Form 990 filings.

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