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Gvtc Foundation INC FY2022 filing

Tax-deductible

New Braunfels, TX501(c)(3)Foundations & GrantmakersEIN 20-5731821Revenue $1.1M in FY2022

On file with the IRSgvtcfoundation.com36101 Fm 3159, 78132-5903 · New Braunfels, TXTax-exempt since May 2008Publicly supported charity — 170(b)(1)(A)(vi)

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Our mission is to profoundly enhance the quality of life in the communities we serve, through charitable contributions and volunteer service in support of our program goals.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $290K a year · 33% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Looks good: 7.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $8K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$80K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.1M
+49% vs prior year
Spent
$659K
To programs
99%
Net assets
$2.3M
By yearFY2020–FY2024
Revenue
$1.1M
FY2022▲ +49%
Tap a bar for its year
Revenue by fiscal year
FY2020$728K
FY2021$730K
FY2022$1.1M
FY2023$731K
FY2024$1.1M
Expenses
$659K
FY2022▲ +29%
Tap a bar for its year
Expenses by fiscal year
FY2020$609K
FY2021$512K
FY2022$659K
FY2023$585K
FY2024$589K
Net assets
$2.3M
FY2022▼ -1%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.0M
FY2021$2.3M
FY2022$2.3M
FY2023$2.7M
FY2024$3.4M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2008.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $652K Management & general 1% · $7K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Marquita Dade
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Freddy Wolff
Treasurer
$0Pt VII · Sec A
Chris Cooley
Vice President
$0Pt VII · Sec A
Stephen Haynes
Board Member
$0Pt VII · Sec A
Soraya Herbert
Board Member
$0Pt VII · Sec A
Alisha Stanley
Board Member
$0Pt VII · Sec A
See Gvtc Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Enhances community quality of life through charitable contributions and volunteer service.

Questions for Gvtc Foundation INC

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Provided by the organization

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1 program · $652K · in their own filed words · FY2022
01

The foundation gives back to the community through support of over 80 local community organizations and activities. The foundation also awarded 3 scholarships in 2022.

$652Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Texas Communications Expo INCFY2025$8K
Total grants receivedfrom 1 funder$8K
Grants paid · 148 grants · $1.6M · 2020–2024
Unitemized GrantFY2024$47,500
Connections Individual and Family Services INCTX · FY2024$20,000
Canine ClassmatesTX · FY2024$20,000
RecoverywerksTX · FY2024$17,500
Hill Country Daily BreadTX · FY2024$17,500
Hill Country Family Services INCTX · FY2024$15,000
Casa of Central Texas INCTX · FY2024$15,000
San Antonio Food Bank INCTX · FY2024$12,000
Bulverde Senior CenterTX · FY2024$12,000
Rainbow Senior CenterTX · FY2024$11,500
Hope HospiceTX · FY2024$10,000
Communities in Schools of South Central Texas INCTX · FY2024$9,500
Steps for LifeTX · FY2024$7,500
Riverside Community Church Hill CountryTX · FY2024$7,500
New Braunfels Christian MinistriesTX · FY2024$7,500
Helping Hands Food Pantry INCTX · FY2024$7,500
Family Promise of Greater New BraunfelsTX · FY2024$7,500
Crrc of Canyon Lake INCTX · FY2024$7,500
See all 148 grants →

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.1M
Ln 12
Gifts and grantsLn 1h$1.1M
Investment incomeLn 3$84K
Money outPt IX
$659K
Ln 25
Programscol B$652K
Managementcol C$7K
Owns and owesPt X
$2.3M
net assets · Ln 32
Cash and savingsLn 1–2$393K
Total assetsLn 16$2.4M
LiabilitiesLn 26$80K
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.1M
Noncash giftsLn 1g$13K
Fundraising eventsLn 1c$466K
Investment incomeLn 3$84K
Gains on assetsLn 7$46K
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$318K
SavingsLn 2$75K
Cash and savings togetherLn 1–2$393K
InvestmentsLn 11–13$1.9M
Total assetsLn 16$2.4M
LiabilitiesLn 26$80K
Net assetsLn 32$2.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 6105
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$97K$393K
InvestmentsLn 11–13$2.3M$1.9M
Total assetsLn 16$2.4M$2.4M
LiabilitiesLn 26$78K$80K
Net assetsLn 32$2.3M$2.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$554K$554K
Grants to domestic individualsLn 2$45K$45K
Accounting feesLn 11c$3K$3K
Investment management feesLn 11f$1K$1K
Advertising and promotionLn 12$14K$14K
Office expensesLn 13$6K$5K$588
Conferences, conventions and meetingsLn 19$193$193
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$36K$34K$2K
Total functional expensesLn 25$659K$652K$7K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.1M$589K$539K$3.4M 990 PDF
FY2023 $731K$585K$146K$2.7M 990 PDF
FY2022 Viewing $1.1M$659K$429K$2.3M 990 PDF
FY2021 $730K$512K$218K$2.3M 990 PDF
FY2020 $728K$609K$119K$2.0M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $1,088,059 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $635,583$1,111,156
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $199,960$84,427
I-11 Other revenuePrior year −$105,864−$107,524
I-12 Total revenuePrior year $729,679$1,088,059
I-13 Grants and similar amounts paidPrior year $478,779$598,762
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $32,997$60,610
I-18 Total expensesPrior year $511,776$659,372
I-19 Revenue less expensesPrior year $217,903$428,687
Part VI · Governance 12 of 12 board members independent, 1 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $1,088,059 across 8 lines filed
VIII-1c Fundraising events$466,334
VIII-1f All other contributions, gifts and grants$644,822
VIII-1g Noncash contributions (included above)$12,529
VIII-1h Total contributions, gifts and grants$1,111,156
VIII-3 Investment incomeExcluded from tax $38,762$38,762
VIII-7 Net gain or loss on sales of assetsExcluded from tax $45,665$45,665
VIII-8 Net income from fundraising eventsExcluded from tax −$107,524−$107,524
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax −$23,097$1,088,059
Part IX · Statement of functional expenses $659,372 across 9 lines filed
IX-1 Grants to domestic organizationsPrograms $553,762$553,762
IX-2 Grants to domestic individualsPrograms $45,000$45,000
IX-11c Accounting feesManagement $2,920$2,920
IX-11f Investment management feesManagement $1,014$1,014
IX-12 Advertising and promotionPrograms $13,791$13,791
IX-13 Office expensesPrograms $4,950 · Management $588$5,538
IX-19 Conferences, conventions and meetingsManagement $193$193
IX-23 InsuranceManagement $1,041$1,041
IX-24 Other expenses (24a–d)Programs $34,455 · Management $1,658$36,113
IX-25 Total functional expensesPrograms $651,958 · Management $7,414 · Fundraising $0$659,372
Part X · Balance sheet $2,386,666 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $97,051$318,240
X-2 Savings and temporary cash investmentsStart of year $159$74,991
X-4 Accounts receivableStart of year $8,588$57,540
X-9 Prepaid expenses and deferred charges$3,125
X-11 Publicly traded securitiesStart of year $2,311,705$1,932,770
X-16 Total assetsStart of year $2,417,503$2,386,666
X-17 Accounts payable and accrued expensesStart of year $11,104$35,439
X-18 Grants payableStart of year $73,473$45,025
X-26 Total liabilitiesStart of year $77,577$80,464
X-27 Net assets without donor restrictionsStart of year $2,339,926$2,306,202
X-32 Total net assets or fund balancesStart of year $2,339,926$2,306,202
X-33 Total liabilities and net assetsStart of year $2,417,503$2,386,666
Part XI · Reconciliation of net assets $2,306,202 net assets at year end
XI-1 Total revenue$1,088,059
XI-2 Total expenses$659,372
XI-3 Revenue less expenses$428,687
XI-4 Net assets at start of year$2,339,926
XI-5 Net unrealized gains (losses) on investments−$462,411
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,306,202

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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