Liabilities / Assets
73rd percentile
Higher debt load relative to assets than 73% of similar nonprofits.
Texas Navy Inc
EIN 74-1736182 • 501(c)3 • Galveston, TX
Profile
The texas navy, inc. ("the company"), is a not-for-profit texas corporation formed in 1972 to preserve and promote an appreciation of the historic character and heroic acts of the texas navy; to promote travel by visitors to historical sites and areas in which the texas navy operated; to conduct in the broadest sense a public relations campaign to create a responsible and accurate image of texas; and, encourage texas communities, organizations and individuals, as well as governmental entities, to participate with actions and money in pursuit of these objectives
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.04x
Liabilities / Revenue
77th percentile
Higher debt load relative to revenue than 77% of similar nonprofits.
Net Margin
36th percentile
Higher net margin than 36% of similar nonprofits.
Top Officer Pay
84th percentile
Higher top officer pay than 84% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Revenue Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Balance Sheet
Assets
Up$112,014
Up $22,994 (+26%) from 2020
Liabilities
Down$4,253
Down $3,962 (-48%) from 2020
Net Assets
$107,761
No earlier filing loaded for comparison.
Revenue
Up$96,133
Up $72,035 (+299%) from 2020
Expenses
Up$101,086
Up $94,343 (+1399%) from 2020
Net Income
Down-$4,953
Down $22,308 (-129%) from 2020
Trend Graphs
Filings
Most recent year
2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $112,014
- Liabilities
- $4,253
- Net assets
- $107,761
- Revenue
- $96,133
- Expenses
- $101,086
- Net income
- -$4,953
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- Sep 30, 2025
- Return Version
- 2024v5.0
- Gross Receipts
- $96,133
Mission and Program Overview
Mission
The texas navy, inc. ("the company"), is a not-for-profit texas corporation formed in 1972 to preserve and promote an appreciation of the historic character and heroic acts of the texas navy; to promote travel by visitors to historical sites and areas in which the texas navy operated; to conduct in the broadest sense a public relations campaign to create a responsible and accurate image of texas; and, encourage texas communities, organizations and individuals, as well as governmental entities, to participate with actions and money in pursuit of these objectives
Promote the history of the texas navy
Program Services
| Description | Grants | Expenses |
|---|---|---|
| UNDERTAKING TO FIND THE REMAINS OF THE TEXAS NAVY SHIP, THE INVINCIBLE, BURIED ON THE GALVESTON, TEXAS BEACH. | - | $101,086 |
| UNDERTAKING TO FIND THE REMAINS OF THE TEXAS NAVY SHIP, THE INVINCIBLE, BURIED ON THE GALVESTON, TEXAS BEACH. | - | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| SCOTT POWELL | President | - | $0 | - | - |
| JIMMY PEET | Vice Preside | - | $0 | - | - |
| JAMES BERNSEN | Secretary | - | $0 | - | - |
| KATHY HOWELL | Treasurer | - | $0 | - | - |
| DAVID WETZEL | Member | - | $0 | - | - |
| MARIANN LAUGHLIN | Member | - | $0 | - | - |
| ROBERT FRY | Member | - | $0 | - | - |
| CHARLES PATTERSON | Member | - | $0 | - | - |
| WAYNE COURREGES | Member | - | $0 | - | - |
| ANDY HALL | Member | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- The Texas Navy Inc
- EIN
- 74-1736182
- Address
- 6341 STEWART RD 102, GALVESTON, TX 77551
Signing Officer
- Name
- Scott Powell
- Title
- President
- Signed
- 2025-09-30
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Sheffield Trackwell & Rapp LLC
- Address
- 2700 RESEARCH FOREST DR STE 125, THE WOODLANDS, TX 77381
- Preparer
- Gregory L Rapp CPA
- Phone
- 7139744660
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 16
“Expenses office 848 insurance 1,905 contract 13,160 fundraising events 7,996 professional fees 6,100 licenses & sofware 4,034 bank charges 193 other operating expenses 2,024 exhibit expenses 36,470 purchases 21,224 payment processing fees 6,439 storage 413 shipping 280 total 101,086”
Form 990-ez, Part II, Line 24
“Inventories for sale or use 8,282 7,432 artwork 13,700 15,700 total 21,982 23,132”
Form 990-ez, Part II, Line 26
“Accounts payable and accrued expenses 3,170 4,253”
Form 990-ez, Part III, Line 31
“Undertaking to find the remains of the texas navy ship, the invincible, buried on the galveston, texas beach.”
Raw XML Appendix147 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | MILTON S POWELL |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 8328482151 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | PO BOX 4061 |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | HORSESHOE BAY |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | TX |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 78657 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 93902 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 88882 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 96133 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -4953 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 115884 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 112014 |
| IRS990EZ/GrossReceiptsAmt | 0 | 96133 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 112714 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 107761 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 112714 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 107761 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 3.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 5 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 6 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 7 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 8 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 9 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 6 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 7 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 8 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 9 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | SCOTT POWELL |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | JIMMY PEET |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | JAMES BERNSEN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | KATHY HOWELL |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | DAVID WETZEL |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 5 | MARIANN LAUGHLIN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 6 | ROBERT FRY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 7 | CHARLES PATTERSON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 8 | WAYNE COURREGES |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 9 | ANDY HALL |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | VICE PRESIDE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | SECRETARY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | TREASURER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | MEMBER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 5 | MEMBER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 6 | MEMBER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 7 | MEMBER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 8 | MEMBER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 9 | MEMBER |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 21982 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 23132 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 101086 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | PROMOTE THE HISTORY OF THE TEXAS NAVY |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | UNDERTAKING TO FIND THE REMAINS OF THE TEXAS NAVY SHIP, THE INVINCIBLE, BURIED ON THE GALVESTON, TEXAS BEACH. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 1 | UNDERTAKING TO FIND THE REMAINS OF THE TEXAS NAVY SHIP, THE INVINCIBLE, BURIED ON THE GALVESTON, TEXAS BEACH. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 101086 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 3170 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 4253 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 101086 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 101086 |
| IRS990EZ/TotalRevenueAmt | 0 | 96133 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | TEXASNAVY.ORG |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt | 0 | 96133 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 96133 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0.00000 |
| IRS990ScheduleA/InvestmentIncomePYPct | 0 | 0.00000 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 96133 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind | 0 | X |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 96133 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 96133 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 96133 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 96133 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | EXPENSES OFFICE 848 INSURANCE 1,905 CONTRACT 13,160 FUNDRAISING EVENTS 7,996 PROFESSIONAL FEES 6,100 LICENSES & SOFWARE 4,034 BANK CHARGES 193 OTHER OPERATING EXPENSES 2,024 EXHIBIT EXPENSES 36,470 PURCHASES 21,224 PAYMENT PROCESSING FEES 6,439 STORAGE 413 SHIPPING 280 TOTAL 101,086 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | INVENTORIES FOR SALE OR USE 8,282 7,432 ARTWORK 13,700 15,700 TOTAL 21,982 23,132 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | ACCOUNTS PAYABLE AND ACCRUED EXPENSES 3,170 4,253 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | UNDERTAKING TO FIND THE REMAINS OF THE TEXAS NAVY SHIP, THE INVINCIBLE, BURIED ON THE GALVESTON, TEXAS BEACH. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART II, LINE 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART III, LINE 31 |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | SCOTT POWELL |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-09-30 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | THE TEXAS NAVY INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | TEXA |
| ReturnHeader/Filer/EIN | 0 | 741736182 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 6341 STEWART RD 102 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | GALVESTON |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | TX |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 77551 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | false |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 272581114 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | SHEFFIELD TRACKWELL & RAPP LLC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 2700 RESEARCH FOREST DR STE 125 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | THE WOODLANDS |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | TX |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 77381 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 7139744660 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-10-02 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | GREGORY L RAPP CPA |
| ReturnHeader/ReturnTs | 0 | 2025-10-02T11:45:56-04:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
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