Form 5578 for Brownsville Texas 2019-2025

Form 5578 for Brownsville Texas: What You Should Know

Net) HISTORY: May 6, 2025 — Houston, TX. Brownsville Independent School District Board of Trustee of Schools, Inc. (BIRD) approves a plan to establish a non-profit corporation, the “Brownstown Independent School District Foundation”, to operate the private school, and establishes a separate entity, the Brownstown Independent School District Foundation, Inc., to hold property tax-exempt organization status. May 6, 2025 — The Foundation is incorporated as a non-profit corporation in accordance with Texas Administrative Code § 33.005, and qualifies under Texas Administrative Code § 33.011(g). This allows the Foundation to operate privately, as a non-profit, tax-exempt organization. May 6, 2025 — The Foundation reports the formation of the Foundation to the Board of Trustees of the Trustees of Schools, Inc. June 6, 2025 — The Board of Trustees adopts an action plan outlining the Foundation's mission and expectations for fiscal and operational performance of the Foundation, including the application of Section 33.011(g) to the Foundation, and the establishment of a management committee to provide management oversight. This action plan also outlines the foundation's role as a non-profit entity in relation to property tax exemptions for the BIRD. September 7, 2025 — The Foundation submits its first annual report to the Board of Trustees of the BIRD. This report confirms that the Foundation is a tax-exempt, non-profit, tax-exempt organization within the meaning of Section 33.011(g). September 20, 2025 — The Foundation submits its second annual report to the BIRD. This report reaffirms the foundation's status to receive property tax exemption while operating as a non-profit organization. This action is approved by the BIRD Board of Trustees. July 28, 2025 — The Foundation submits its third annual report to the BIRD. This report confirms that the Foundation qualifies for property tax exemption for the BIRD. The BIRD Board of Trustees submits an approved action plan to the Foundation regarding the receipt of property tax exemptions for the BIRD and its other assets.

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