Rackspace Foundation EIN 26-3332818

Rackspace Foundation

EIN  26-3332818 Public foundation / grantmaker San Antonio, TX
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Funds music education programs for San Antonio youth, providing instruments, lessons, and scholarships to build world-class orchestra programs.
Leadership
Aimee Marroquin · Treasurer
Money in and out
$149K revenue, $298K expenses
Bottom line
100% program efficiency

Funds music education programs for San Antonio youth, providing instruments, lessons, and scholarships to build world-class orchestra programs. For fiscal year 2024 it reported $149K in revenue, $298K in expenses, and $509K in net assets.Pt I

Grants paid & assets · FY2024
Total revenue
$149K
Pt VIII · Ln 12
Total expenses
$298K
Pt IX · Ln 25
Net assets
$509K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$148K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs0% vs prior filing year
Operating runway
20.5mo
months of highly liquid reserves at operating expense rate▼ -8% vs prior filing year
Surplus margin
-100%
revenue over expenses, this year▼ -15% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$149K
FY2024▼ -21%
Expenses
$298K
FY2024▼ -16%
Total assets
$509K
FY2024▼ -23%
Total liabilities
$0
FY2024
Total revenue
$149K
Pt VIII · Ln 12
Total expenses
$298K
Pt IX · Ln 25
Net assets
$509K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$148K
Total assetsPt X · Ln 16$509K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48
Mission & Programs · Part III

Where the work happens

3 program services account for $165K of program spending, described in the organization's own filed words · FY2024.
01

Alexander Weinberg

After school chess and family chess nights: weekly chess lessons are held at molly pruitt public library on the roosevelt high school campus. Every thursday after school, a chess master offers smallgroup chess instruction to roosevelt students.

$64Kprogram expense
02

North east educational foundation ("neef')- funds were granted through the neef to support the institute of cybersecurity and innovation (icsi). This high-school program provides students with an immersive, hands-on education in the field of cybersecurity and offers a comprehensive curriculum that covers a range of technology…

$62Kprogram expense
03

Youth Orchestra of San Antonio

Funding was granted to youth orchestras of san antonio (yosa) to help build a world class orchestra program in the roosevelt cluster. Engagement included underwriting of concert series, campus level engagement, field trips, instrument loans, instructional support, and private lessons for middle and high school students.

$39Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CRackspace Foundation
EINHdr · item D26-3332818
Principal addressHdr · item CSan Antonio, TX
WebsiteHdr · item Jwww.rackspacefoundation.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T21)
Ruling yearIRS BMFMar 2009

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member/Secretary (part Year)
$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
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Statement of Revenue

Part VIII
Contributions & grants100%$149K
Total revenueLn 12$149K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$298K
Total functional expensesLn 25$298K

Balance Sheet

Part X · end of year
CashLn 1$509K
Total assetsLn 16$509K
Total liabilitiesLn 26$0
Total net assetsLn 32$509K
Months of cash on handcomputed20.5

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $509K · Operating expenses/yr $298K
20.5 months
Where the money goes
Program services
Program services $298K · Total expenses $298K
100%
Management & General
Management & general $0 · Total expenses $298K
0%
Fundraising
Fundraising $0 · Total expenses $298K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $191K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $149K · Total revenue $149K
100%
Government reliance
Government grants — · Total revenue $149K
Earned-income share
Program service revenue $0 · Total revenue $149K
0%
Investment reliance
Investment income $0 · Total revenue $149K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $298K
0%
Growth & trend
Revenue growth (YoY)
This year $149K · Prior year $189K
-21%
Revenue CAGR
FY2020 $533K · FY2024 $149K
-27%
Net-asset trend (YoY)
End of year $509K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $149K · Expenses $298K
-100%
Liabilities-to-Assets
Total liabilities — · Total assets $509K
Net-asset ratio
Net assets $509K · Total assets $509K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $509K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Aimee Marroquin · Reported title Treasurer · Highest reported compensation $0 · Total expenses $298K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $298K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Fundraising cost ratio 0%
Revenue growth -21%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$15K
Grants paid · 37 grants · $2.0M · 2020–2024
Ne Educational FoundationFY2024$61,500
Gemini Series INCTX · FY2024$35,000
Township of Union Public SchoolsFY2024$25,000
GirlstartTX · FY2024$25,000
Youth Code Jam San AntonioTX · FY2024$14,000
Ne Educational FoundationFY2023$64,500
GirlstartTX · FY2023$37,500
Gemini Series INCTX · FY2023$35,000
Youth Code Jam San AntonioTX · FY2023$28,000
Township of Union Public SchoolsFY2023$25,000
See all 37 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$149K revenue · viewing · ⤓ 990 PDF
FY2023$189K revenue · ⤓ 990 PDF
FY2022$235K revenue · ⤓ 990 PDF
FY2021$480K revenue · ⤓ 990 PDF
FY2020$533K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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