Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024
Name of foundation
THE GARY & DIANE HEAVIN COMMUNITY FUND
 
Number and street (or P.O. box number if mail is not delivered to street address)875 COUNTY ROAD 324
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
GATESVILLE, TX76528
A Employer identification number

74-3003293
B Telephone number (see instructions)

(254) 399-9285
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$24,564,449J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 32,000
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 825,613 825,613  
5a Gross rents............      
b Net rental income or (loss) -50,732
6a Net gain or (loss) from sale of assets not on line 10 -13,403
b Gross sales price for all assets on line 6a 825,000
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 844,210 825,613  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 0 0   0
14 Other employee salaries and wages......        
15 Pension plans, employee benefits.......        
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
21,780 21,780   0
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
16,600 16,600   0
19 Depreciation (attach schedule) and depletion... Click to see attachment
List of Attached Documents:
// Content
27,063 27,063  
20 Occupancy.............. 17,408 0   17,408
21 Travel, conferences, and meetings....... 1,201 0   1,201
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
112,166 40,916   71,250
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 196,218 106,359   89,859
25 Contributions, gifts, grants paid....... 1,604,995 1,604,995
26 Total expenses and disbursements. Add lines 24 and 25 1,801,213 106,359   1,694,854
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -957,003
b Net investment income (if negative, enter -0-) 719,254
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 317,820 35,753 35,753
2 Savings and temporary cash investments......... 8,677,330 2,601,038 2,601,038
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule) 13,130,333 Click to see attachment
List of Attached Documents:
// Content
17,125,014 		18,347,339
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow1,450,603
Less: accumulated depreciation (attach schedule) right arrow519,710 957,956 Click to see attachment
List of Attached Documents:
// Content
930,893 		930,893
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule)..........      
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
1,345,850 		Click to see attachment
List of Attached Documents:
// Content
2,649,426 		Click to see attachment
List of Attached Documents:
// Content
2,649,426
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 24,429,289 23,342,124 24,564,449
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
0 		Click to see attachment
List of Attached Documents:
// Content
62,388
23 Total liabilities (add lines 17 through 22)......... 0 62,388
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........ 0 0
27 Paid-in or capital surplus, or land, bldg., and equipment fund 19,413,544 19,220,994
28 Retained earnings, accumulated income, endowment, or other funds 5,015,745 4,058,742
29 Total net assets or fund balances (see instructions)..... 24,429,289 23,279,736
30 Total liabilities and net assets/fund balances (see instructions). 24,429,289 23,342,124
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
24,429,289
2
Enter amount from Part I, line 27a .....................
2
-957,003
3
Other increases not included in line 2 (itemize) right arrow
3
0
4
Add lines 1, 2, and 3 ..........................
4
23,472,286
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
192,550
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
23,279,736
Form 990-PF (2024)
Form 990-PF (2024)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES      
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 825,000   838,403 -13,403
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       -13,403
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 -13,403
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 9,998
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 9,998
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 9,998
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 4,482
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 16,500
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 20,982
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. Click to see attachment
List of Attached Documents:
// Content
8 232
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 10,752
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow10,752 Refundedright arrow 11 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowTX
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowJAYNES REITMEIER BOYD THERRELL Telephone no.right arrow (254) 761-1630

Located atright arrow5400 BOSQUE BLVD STE 500WACOTX ZIP+4right arrow76710
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
 
No
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
 
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
Yes
 
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
Yes
 
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
No
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
Yes
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
List of Attached Documents:
// Content
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
GARY HEAVIN PRESIDENT
0.50 		0 0 0
875 COUNTY ROAD 324
GATESVILLE,TX76528
DIANE HEAVIN VICE-PRESIDENT
0.50 		0 0 0
875 COUNTY ROAD 324
GATESVILLE,TX76528
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
4,729,878
b
Average of monthly cash balances.......................
1b
86,893
c
Fair market value of all other assets (see instructions)................
1c
891,040
d
Total (add lines 1a, b, and c).........................
1d
5,707,811
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
5,707,811
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
85,617
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
5,622,194
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
281,110
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
281,110
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
9,998
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
9,998
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
271,112
4
Recoveries of amounts treated as qualifying distributions................
4
0
5
Add lines 3 and 4............................
5
271,112
6
Deduction from distributable amount (see instructions).................
6
0
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
271,112
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
1,694,854
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
1,694,854
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7 271,112
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only....... 0
b Total for prior years:20 , 20, 20 0
3 Excess distributions carryover, if any, to 2024:
a From 2019...... 1,293,910
b From 2020...... 1,109,604
c From 2021...... 345,562
d From 2022...... 1,778,088
e From 2023...... 2,192,432
f Total of lines 3a through e ........ 6,719,596
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$ 1,694,854
a Applied to 2023, but not more than line 2a 0
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		0
c Treated as distributions out of corpus (Election
required—see instructions)........ 		0
d Applied to 2024 distributable amount..... 271,112
e Remaining amount distributed out of corpus 1,423,742
5 Excess distributions carryover applied to 2024. 0 0
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 8,143,338
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		0
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		0
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		0
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		0
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		0
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		1,293,910
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		6,849,428
10 Analysis of line 9:
a Excess from 2020.... 1,109,604
b Excess from 2021.... 345,562
c Excess from 2022.... 1,778,088
d Excess from 2023.... 2,192,432
e Excess from 2024.... 1,423,742
Form 990-PF (2024)
Form 990-PF (2024)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
GARY HEAVIN
DIANE HEAVIN
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2024)
Form 990-PF (2024)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

AMERICAN FAMILY ASSOCIATION

107 PARKGATE DRIVE
TUPELO,MS38803 		  501(C)(3) GENERAL OPERATIONS 50,000

AMERICAN FAMILY RADIO

107 PARKGATE
TUPELO,MS38803 		  501(C)(3) GENERAL OPERATIONS 50,000

ARC OF MCLENNAN COUNTY

P O BOX 3367
WACO,TX76707 		  501(C)(3) GENERAL OPERATIONS 5,000

ARCHWAY OF HOPE

2114 AUSTIN AVE
WACO,TX76701 		  501(C)(3) GENERAL OPERATIONS 15,000

BALLOON FEDERATION OF AMERICA

PO BOX 400
INDIANOLA,IA50125 		  501(C)(3) GENERAL OPERATIONS 5,000

CENTRAL TEXAS COLLEGE

PO BOX 1800
KILLEEN,TX76549 		  501(C)(3) GENERAL OPERATIONS 4,000

CHIHUAHUAN CONNECTION - RICK CAYWOOD MINISTRIES

P O BOX 22030
WACO,TX76702 		  501(C)(3) GENERAL OPERATIONS: IN-KIND DONATIONS OF RICE & BEANS 106,526

CHRIST THE KING CHURCH

4777 LAKE SHORE DR
WACO,TX76710 		  501(C)(3) GENERAL OPERATIONS 210,000

COUNCIL FOR LIFE CENTRAL TEXAS

4516 LOVERS LANE
DALLAS,TX75225 		  501(C)(3) GENERAL OPERATIONS 50,000

COUNTER CULTURE MINISTRIES

PO BOX 682803
FRANKLIN,TX37068 		  501(C)(3) GENERAL OPERATIONS 10,000

DISCIPLESHIP UNLIMITED

PO BOX 145
GATESVILLE,TX76528 		  501(C)(3) GENERAL OPERATIONS 50,000

FOR THE CHILDREN

5207 LAKE SHORE DR STE
WACO,TX76710 		  501(C)(3) GENERAL OPERATIONS 10,000

FRIENDS FOR LIFE

P O BOX 23491
WACO,TX76702 		  501(C)(3) GENERAL OPERATIONS 60,000

FUZZY FRIENDS RESCUE

6321 AIRPORT DR
WACO,TX76708 		  501(C)(3) GENERAL OPERATIONS 5,000

GATESVILLE CARE CENTER

105 N 7TH ST
GATESVILLE,TX76528 		  501(C)(3) GENERAL OPERATIONS 25,000

GATESVILLE ISD

311 S LOVERS LANE
GATESVILLE,TX76528 		  501(C)(3) GENERAL OPERATIONS 10,500

GREAT TEXAS BALLOON RACE

PO BOX 1952
LONGVIEW,TX75606 		  501(C)(3) GENERAL OPERATIONS 25,000

LEGACY GLOBAL FOUNDATION

4435 E HOLMES AVE
MESA,AZ85206 		  501(C)(3) GENERAL OPERATIONS 50,000

LIFELINE CHRISTIAN MISSION

921 EASTWIND DR 104
WESTERVILLE,OH43081 		  501(C)(3) GENERAL OPERATIONS 140,000

MEALS ON WHEELS

PO BOX 85
WACO,TX76703 		  501(C)(3) GENERAL OPERATIONS 5,000

MISSION WACO

1315 N 15TH
WACO,TX76707 		  501(C)(3) GENERAL OPERATIONS 95,000

NIGHTLINE CHRISTIAN ADOPTIONS

400 SCHROEDER DR
WACO,TX76710 		  501(C)(3) GENERAL OPERATIONS 20,000

OGLESBY ISD

125 COLLEGE AVE
OGLESBY,TX76561 		  501(C)(3) SCHOLARSHIP FUND 10,000

RICK CAYWOOD MISTISTRY

5040 BOSQUE RIDGE RD
CRAWFORD,TX76638 		  501(C)(3) GENERAL OPERATIONS 5,000

RON PAUL INSTITUTE

833 W PLANTAION DRIVE
CLUTE,TX77531 		  501(C)(3) GENERAL OPERATIONS 25,000

TARLETON STATE UNIVERSITY

1333 W WASHINGTON ST
STEPHENVILLE,TX76401 		  501(C)(3) SCHOLARSHIP FUND 5,387

TEXAS A&M FOUNDATION

401 GEORGE BUSH DR
COLLEGE STATION,TX77840 		  501(C)(3) SCHOLARSHIP FUND 5,000

THE INSTITUTE FOR POLITICAL ECONOMY

1501 DUNTON TOWER
OTTAWA,ONTARIOK1S 5B6
CA 		  501(C)(3) GENERAL OPERATIONS 25,000

THE LORD'S WORK INC

963 S LOOP 340
WACO,TX76706 		  501(C)(3) GENERAL OPERATIONS 350,000

UNIVERSITY OF TEXAS AT AUSTIN

2901 NORTH IH-35 SUITE 4100
AUSTIN,TX78722 		  501(C)(3) GENERAL OPERATIONS 5,000

AIR SERVICES OF MISSISSIPPI

2051 JOHN E LEWIS DR
MCCOMB,MS39648 		  501(C)(3) GENERAL OPERATIONS 252

CARE NET PREGNANCY CENTER OF CENTRAL TEXAS

7110 SANGER AVE
WACO,TX76712 		  501(C)(3) GENERAL OPERATIONS 12,500

CHARLIE'S WAGS AND WHISKERS

1111 W MAIN ST
GATESVILLE,TX76528 		  501(C)(3) GENERAL OPERATIONS 5,000

CITY OF LEESVILLE

508 S 5TH ST
LEESVILLE,LA71446 		  MUNICIPAL GOVERNMENT GENERAL OPERATIONS 222

CITY OF DIBOLL

400 KENLEY ST
DIBOLL,TX75941 		  MUNICIPAL GOVERNMENT GENERAL OPERATIONS 296

EAGLE CHRISTIAN ACADEMY

6125 BOSQUE BLVD
WACO,TX76710 		  501(C)(3) GENERAL OPERATIONS 43,572

HOUSTON METHODIST

6565 FANNIN STREET
HOUSTON,TX77030 		  501(C)(3) GENERAL OPERATIONS 1,240

IGNITED CHURCH

580 EAST MAIN STREET
LAVONIA,GA30553 		  501(C)(3) GENERAL OPERATIONS 60,000

MAQOR MINISTRIES

4547 LAKE SHORE DR
WACO,TX76710 		  501(C)(3) GENERAL OPERATIONS 20,000

NATCHEZ BALLOON FESTIVAL

PO BOX 1775
NATCHEZ,MS39121 		  501(C)(3) GENERAL OPERATIONS 2,500

NATIONAL BALLOON CLASSIC

PO BOX 346
INDIANOLA,IA50125 		  501(C)(3) GENERAL OPERATIONS 8,000

TOGETHER FOR GOOD

PO BOX 20202
WACO,TX76702 		  501(C)(3) GENERAL OPERATIONS 20,000
Total .................................right arrow 3a 1,604,995
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 825,613  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....     16 -50,732  
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		        -13,403
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 774,881 -13,403
13Total. Add line 12, columns (b), (d), and (e)..................
13
761,478
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
11A ALTERNATIVE PARTNERSHIP INVESTMENT
Form 990-PF (2024)
Form 990-PF (2024)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name Right Arrow
 Firm's EIN Right Arrow
Firm's address Right Arrow


 Phone no.
Form 990-PF (2024)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

right arrow Attach to Form 990, 990-EZ, or 990-PF.
right arrow Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
Name of the organization
THE GARY & DIANE HEAVIN COMMUNITY FUND
 
Employer identification number

74-3003293
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ
501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization


Form 990-PF
501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation
Check if your organization is covered by the General Rule or a Special Rule.  
Note:  Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.
Special Rules
For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 331/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Right Arrow $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025) Page 2
Name of organization
THE GARY & DIANE HEAVIN COMMUNITY FUND
  		Employer identification number
74-3003293
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
GARY AND DIANE HEAVIN
 
875 COUNTY ROAD 324
 
GATESVILLE, TX75628

$ 32,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 3
Name of organization
THE GARY & DIANE HEAVIN COMMUNITY FUND
  		Employer identification number

74-3003293
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 4
Name of organization
THE GARY & DIANE HEAVIN COMMUNITY FUND
  		Employer identification number

74-3003293
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c) (7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (Rev. 1-2025)
Additional Data


Software ID:  
Software Version:  

TY 2024 AccountingFeesSchedule
Name:
THE GARY & DIANE HEAVIN COMMUNITY FUND
EIN:
74-3003293
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PROFESSIONAL FEES 21,780 21,780   0

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2024 DepreciationSchedule
Name:
THE GARY & DIANE HEAVIN COMMUNITY FUND
EIN:
74-3003293
Description of Property Date Acquired Cost or Other Basis Prior Years' Depreciation Computation Method Rate /
Life (# of years)		 Current Year's Depreciation Expense Net Investment Income Adjusted Net Income Cost of Goods Sold Not Included
CAMP VAL VERDE - BUILDINGS 2008-09-16 142,260 55,632 SL 39.000000000000 3,648 3,648    
CAMP VAL VERDE - LAND 2008-09-16 459,856   L   0 0    
PRESSURE WASHER 2008-09-16 3,522 3,522 SL 7.000000000000 0 0    
BASEBALL BACKSTOP 2008-09-16 981 981 SL 7.000000000000 0 0    
CATERPILLAR LOADER 2008-09-16 38,427 38,427 SL 7.000000000000 0 0    
LOG SPLITTER 2008-09-16 1,772 1,772 SL 7.000000000000 0 0    
ICE MACHINE 2008-09-16 1,257 1,257 SL 7.000000000000 0 0    
TWISTER CHIPPER 2008-09-16 11,840 11,840 SL 7.000000000000 0 0    
BOBCAT MOWER 2008-09-16 2,467 2,467 SL 7.000000000000 0 0    
DELL COMPUTER 2008-09-16 796 796 SL 5.000000000000 0 0    
LAND 2005-01-01 36,750   L   0 0    
BUILDING 2005-01-01 354,900 175,915 SL 39.000000000000 9,100 9,100    
BUILDING IMPROVEMENTS 2007-11-01 7,396 3,133 SL 39.000000000000 190 190    
JOHN DEERE TRACTORY & ROTARY CUTTER 2008-09-16 25,446 25,446 SL 7.000000000000 0 0    
NINJA JUMP 2008-09-16 1,328 1,328 SL 7.000000000000 0 0    
2 JOHN DEERE MOWERS 2008-09-16 6,500 6,500 SL 7.000000000000 0 0    
POWER PRUNER 2008-09-16 617 617 SL 7.000000000000 0 0    
2001 DODGE ONE TON DIESEL 2008-09-16 2,798 2,798 SL 5.000000000000 0 0    
16' FLAT BED TRAILER 2008-09-16 787 787 SL 5.000000000000 0 0    
3 LOG CABINS 2008-09-16 53,602 20,954 SL 39.000000000000 1,374 1,374    
HORSE BARN BY TEXAS RANCH BARN 2008-09-16 140,977 55,129 SL 39.000000000000 3,615 3,615    
HORSE BARN BY TEXAS RANCH BARN 2008-09-16 52,567 20,557 SL 39.000000000000 1,348 1,348    
METAL ROOM RANCH HOUSE 2008-09-16 11,536 4,514 SL 39.000000000000 296 296    
WESTERN FURNITURE A&S AUCTION 2008-09-16 5,886 5,886 SL 7.000000000000 0 0    
FURNITURE - OFFICE DEPOT DESK & CHAIR 2008-09-16 860 860 SL 7.000000000000 0 0    
FINISH LABOR & MATERIALS TO PERFORM WORK ON SEVEN UNITS 2009-05-04 20,027 19,935 SL 5.000000000000 0 0    
EQUIPMENT 2011-06-01 541 541 SL 7.000000000000 0 0    
BUILDING IMPROVEMENTS 2011-06-01 1,510 491 SL 39.000000000000 39 39    
CARPET 2015-10-31 5,129 5,129 SL 7.000000000000 0 0    
CONSTRUCTION 2018-12-31 6,099   L   0 0    
AIR CONDITIONER 2019-04-16 19,764 13,174 SL 7.000000000000 2,823 2,823    
LEAIRD'S FURNITURE 2021-03-30 503 198 SL 7.000000000000 72 72    
HAVERTY'S FURNITURE 2021-04-09 5,455 2,142 SL 7.000000000000 779 779    
MANLIFT 2021-04-22 4,500 1,715 SL 7.000000000000 643 643    
MOWER 2021-04-27 10,800 4,115 SL 7.000000000000 1,543 1,543    
MOWER - SCAG TURF TIGER 2021-06-08 11,150 4,115 SL 7.000000000000 1,593 1,593    

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TY 2024 ExpenditureResponsibilityStmt
Name:
THE GARY & DIANE HEAVIN COMMUNITY FUND
EIN:
74-3003293
Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
THE CHURCH OF JESUS CHRIST OF INDIA
  		1 TRUPTI SADAN SOCIETY90 FEET ROAD
  KAJUPADA,SAKINAKA  
IN 		2016-07-01 0 GENERAL OPERATIONS OF ORPHANAGE   TO THE KNOWLEDGE OF THE GRANTOR,NO FUNDS HAVE BEEN DIVERTED TO ANY OTHER ACT JANUARY 1, 2024 - DECEMBER 31, 2024   THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WAS MADE.

TY 2024 InvestmentsGovtObligationsSch
Name:
THE GARY & DIANE HEAVIN COMMUNITY FUND
EIN:
74-3003293
US Government Securities - End of Year Book Value:

0
US Government Securities - End of Year Fair Market Value:

0
State & Local Government Securities - End of Year Book Value:


17,125,014
State & Local Government Securities - End of Year Fair Market Value:


18,347,339


TY 2024 InvestmentsLandSchedule2
Name:
THE GARY & DIANE HEAVIN COMMUNITY FUND
EIN:
74-3003293
Category/ Item Cost/Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
CAMP VAL VERDE - BUILDINGS 142,260 59,280 82,980  
CAMP VAL VERDE - LAND 459,856 0 459,856  
PRESSURE WASHER 3,522 3,522 0  
BASEBALL BACKSTOP 981 981 0  
CATERPILLAR LOADER 38,427 38,427 0  
LOG SPLITTER 1,772 1,772 0  
ICE MACHINE 1,257 1,257 0  
TWISTER CHIPPER 11,840 11,840 0  
BOBCAT MOWER 2,467 2,467 0  
DELL COMPUTER 796 796 0  
LAND 36,750 0 36,750  
BUILDING 354,900 185,015 169,885  
BUILDING IMPROVEMENTS 7,396 3,323 4,073  
JOHN DEERE TRACTORY & ROTARY CUTTER 25,446 25,446 0  
NINJA JUMP 1,328 1,328 0  
2 JOHN DEERE MOWERS 6,500 6,500 0  
POWER PRUNER 617 617 0  
2001 DODGE ONE TON DIESEL 2,798 2,798 0  
16' FLAT BED TRAILER 787 787 0  
3 LOG CABINS 53,602 22,328 31,274  
HORSE BARN BY TEXAS RANCH BARN 140,977 58,744 82,233  
HORSE BARN BY TEXAS RANCH BARN 52,567 21,905 30,662  
METAL ROOM RANCH HOUSE 11,536 4,810 6,726  
WESTERN FURNITURE A&S AUCTION 5,886 5,886 0  
FURNITURE - OFFICE DEPOT DESK & CHAIR 860 860 0  
FINISH LABOR & MATERIALS TO PERFORM WORK ON SEVEN UNITS 20,027 19,935 92  
EQUIPMENT 541 541 0  
BUILDING IMPROVEMENTS 1,510 530 980  
CARPET 5,129 5,129 0  
CONSTRUCTION 6,099 0 6,099  
AIR CONDITIONER 19,764 15,997 3,767  
LEAIRD'S FURNITURE 503 270 233  
HAVERTY'S FURNITURE 5,455 2,921 2,534  
MANLIFT 4,500 2,358 2,142  
MOWER 10,800 5,658 5,142  
MOWER - SCAG TURF TIGER 11,150 5,708 5,442  

TY 2024 OtherAssetsSchedule
Name:
THE GARY & DIANE HEAVIN COMMUNITY FUND
EIN:
74-3003293
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
DEPOSIT IN TRANSIT - VICOF II FEEDER LP 33,560 33,560 33,560
UNREALIZED GAIN/LOSS ON INVESTMENTS 948,017 1,222,325 1,222,325
CONSTRUCTION IN PROGRESS 364,273 1,393,541 1,393,541


TY 2024 OtherDecreasesSchedule
Name:
THE GARY & DIANE HEAVIN COMMUNITY FUND
EIN:
74-3003293
Description Amount
ADJUSTMENTS TO UNREALIZED GAIN/LOSS 192,550


TY 2024 OtherExpensesSchedule
Name:
THE GARY & DIANE HEAVIN COMMUNITY FUND
EIN:
74-3003293
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
AIRPLANE EXPENSE 11,271 0   11,271
REPAIRS & MAINTENANCE 12,766 0   12,766
MANAGEMENT FEES 38,931 38,931   0
BANK FEES 96 96   0
SUPPLIES 15,421 0   15,421
AUTO EXPENSE 90 0   90
INSURANCE 31,697 0   31,697
BOOKS, SUBSCRIPTIONS, REFERENCE 5 0   5
REPAIRS & MAINTENANCE 1,889 1,889   0


TY 2024 OtherLiabilitiesSchedule
Name:
THE GARY & DIANE HEAVIN COMMUNITY FUND
EIN:
74-3003293
Description Beginning of Year - Book Value End of Year - Book Value
CREDIT CARD PAYABLE 0 62,388


TY 2024 TaxesSchedule
Name:
THE GARY & DIANE HEAVIN COMMUNITY FUND
EIN:
74-3003293
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
FEDERAL INCOME TAX 16,600 16,600   0