Jose Valdes Math Foundation FY2020 filing

Tax-deductible

San Jose, CA501(c)(3)EducationEIN 26-0825700Revenue $445K in FY2020

On file with the IRSjosevaldesmath.org25 N 14th St Ste 900, 95112-6216 · San Jose, CATax-exempt since Nov 2007Publicly supported charity — 170(b)(1)(A)(vi)

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The mission of the Jose Valdes Math Institute is to provide comprehensive math education to middle school and high school students particularly the math under-represented within our community.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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
3 of 5
filings with a surplus
Average surplus $16K a year · 3% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Fine: 2.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $116K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$17K
21% of total assets
Looks good: liabilities are 21% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$445K
Spent
$321K
To programs
100%
Net assets
$63K
By yearFY2020–FY2024
Revenue
$445K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$445K
FY2021$490K
FY2022$494K
FY2023$688K
FY2024$463K
Expenses
$321K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$321K
FY2021$409K
FY2022$415K
FY2023$719K
FY2024$634K
Net assets
$63K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$63K
FY2021$144K
FY2022$215K
FY2023$185K
FY2024$13K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 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 Nov 2007.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $321K Management & general 0% · $500

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

5 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Robert Escobar’s $105K as Executive Director is at the 86th percentile of top reported officer pay among 1612 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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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

Teaches math to middle and high school students, especially those under-represented in the community.

Questions for Jose Valdes Math Foundation

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Provided by the organization

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1 program · $321K · in their own filed words · FY2020
01

Expenses associated with program services represent cost of the institute, tutoring cost and teacher training.

$321Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$116K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$445K
Ln 12
Fees for servicesLn 2g$445K
Investment incomeLn 3$200
Money outPt IX
$321K
Ln 25
Programscol B$321K
Managementcol C$500
Owns and owesPt X
$63K
net assets · Ln 32
Cash and savingsLn 1–2$78K
Total assetsLn 16$79K
LiabilitiesLn 26$17K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$445K
Investment incomeLn 3$200
Total revenueLn 12$445K
Assets in detailPt X, end of year
CashLn 1$78K
Cash and savings togetherLn 1–2$78K
Total assetsLn 16$79K
LiabilitiesLn 26$17K
Net assetsLn 32$63K
OperationsPt I, VI
EmployeesI 528
VolunteersI 625
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$9K$78K
Total assetsLn 16$9K$79K
LiabilitiesLn 26$70K$17K
Net assetsLn 32−$61K$63K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$136K$136K
Other salaries and wagesLn 7$148K$148K
Pension plan contributionsLn 8$0
Payroll taxesLn 10$22K$22K
Management feesLn 11a$4K$4K
Accounting feesLn 11c$5K$5K
Other fees for servicesLn 11g$3K$3K
Advertising and promotionLn 12$315$315
Office expensesLn 13$12$12
Information technologyLn 14$2K$2K
OccupancyLn 16$0
InsuranceLn 23$495$495
Other expenses (24a–d)Ln 24$500$0$500
Total functional expensesLn 25$321K$321K$500$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $463K$634K−$171K$13K 990 PDF
FY2023 $688K$719K−$31K$185K 990 PDF
FY2022 $494K$415K$79K$215K 990 PDF
FY2021 $490K$409K$81K$144K 990 PDF
FY2020 Viewing $445K$321K$124K$63K 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 FY2020 990 (6 parts)
Part I · Summary $444,777 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $525,836$444,577
I-10 Investment incomePrior year $0$200
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $525,836$444,777
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$305,590
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $716,829$15,605
I-18 Total expensesPrior year $716,829$321,195
I-19 Revenue less expensesPrior year −$190,993$123,582
Part VI · Governance 5 of 5 board members independent, 2 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-13 Written whistleblower policyNo
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-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $444,777 across 11 lines filed
Lines not itemized here account for $444,577 of total revenue; see the IRS return.
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$0
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$0
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $200 · Excluded from tax $0$200
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $444,577 · Unrelated business $200 · Excluded from tax $0$444,777
Part IX · Statement of functional expenses $321,195 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $135,500$135,500
IX-7 Other salaries and wagesPrograms $148,240$148,240
IX-8 Pension plan contributions$0
IX-10 Payroll taxesPrograms $21,850$21,850
IX-11a Management feesPrograms $4,000$4,000
IX-11c Accounting feesPrograms $5,245$5,245
IX-11g Other fees for servicesPrograms $3,248$3,248
IX-12 Advertising and promotionPrograms $315$315
IX-13 Office expensesPrograms $12$12
IX-14 Information technologyPrograms $1,790$1,790
IX-16 Occupancy$0
IX-23 InsurancePrograms $495$495
IX-24 Other expenses (24a–d)Programs $0 · Management $500$500
IX-25 Total functional expensesPrograms $320,695 · Management $500 · Fundraising $0$321,195
Part X · Balance sheet $79,136 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $8,601$77,894
X-4 Accounts receivableStart of year $0$1,242
X-16 Total assetsStart of year $8,601$79,136
X-17 Accounts payable and accrued expensesStart of year $69,681$16,634
X-26 Total liabilitiesStart of year $69,681$16,634
X-27 Net assets without donor restrictionsStart of year −$125,962$62,502
X-28 Net assets with donor restrictionsStart of year $64,882$0
X-32 Total net assets or fund balancesStart of year −$61,080$62,502
X-33 Total liabilities and net assetsStart of year $8,601$79,136
Part XI · Reconciliation of net assets $62,502 net assets at year end
XI-1 Total revenue$444,777
XI-2 Total expenses$321,195
XI-3 Revenue less expenses$123,582
XI-4 Net assets at start of year−$61,080
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$62,502

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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