Palacios Isd Educational Foundation EIN 26-4157856 Form 990 (PDF) Claim this org

Palacios Isd Educational Foundation

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Funds educational and cultural programs and services for the district. For fiscal year 2024 it reported $210K in revenue, $172K in expenses, and $2.3M in net assets.Pt I

Founded
2007
Type
Supporting organization · Human Services
Location
Palacios, TX
Website
palaciosisd.org/info-a-z/educational
Filings
5 on file (2020–2024)
Revenue
$210KFY2024
Expenses
$172K
Net assets
$2.3M
People
12
Filings
5
Updates
0
More identity details & actions ⌄
EIN  26-4157856 Supporting organization Palacios, TX Founded 2007
Form 990 (PDF)
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Size
$100K–1M
What they do
Funds educational and cultural programs and services for the district.
Leadership
Carolyn Kubecka · Executive Di
Money in and out
$210K revenue, $172K expenses
Bottom line
+18% net inflow
Money in and out · FY2024
Total revenue
$210K
Pt VIII · Ln 12
Total expenses
$172K
Pt IX · Ln 25
Net assets
$2.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $38K
Where spending went · Part IX cols B–D
Program services $0.63 Management & general $0.37
Net inflow
+18%
revenue over expenses, this year▲ +215% vs prior filing year
Pass-through gifts
7%
of revenue from contributions▲ +20% vs prior filing year
Program spending
63%
of expenses reach stated programs▲ +10% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$210K
FY2024▲ +69%
Expenses
$172K
FY2024▲ +20%
Total assets
$2.3M
FY2024▲ +2%
Total liabilities
$0
FY2024
Total revenue
$210K
Pt VIII · Ln 12
Total expenses
$172K
Pt IX · Ln 25
Net assets
$2.3M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$38K
Total assetsPt X · Ln 16$2.3M
Program-expense ratioPt IX · col B63%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 411

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPalacios Isd Educational Foundation
EINHdr · item D26-4157856
Principal addressHdr · item CPalacios, TX
Year of formationHdr · item L2007
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P43)
Ruling yearIRS BMFFeb 2010

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b11
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
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
Executive Di
$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
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

3 program services account for $106K of program spending, described in the organization's own filed words · FY2024.
01

Provided scholarships to 75 qualified students of the graduating class of palacios high school for higher education purposes.

$73Kprogram expense
02

Provided school supplies for approximately 1,300 students, of which 73.2% of the students are economically disadvantaged, to insure that the students have the supplies necessary to start the school year and be successful in school.

$25Kprogram expense
03

Paid tuition for approximately 40 qualified students to take dual credit courses at junior colleges.

$8Kprogram expense

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Statement of Revenue

Part VIII
Investment income$156K · 75%
Other revenue$39K · 19%
Contributions & grants$14K · 7%
Investment income75%$156K
Other revenue19%$39K
Contributions & grants7%$14K
Total revenueLn 12$210K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.63 Management & general $0.37
Program services63%$108K
Management & general37%$63K
Total functional expensesLn 25$172K

Balance Sheet

Part X · end of year
CashLn 1$691K
Total assetsLn 16$2.3M
Total liabilitiesLn 26$0
Total net assetsLn 32$2.3M
Months of cash on handcomputed48.3

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.5M · Operating expenses/yr $172K
103.1 months
Where the money goes
Program services
Program services $108K · Total expenses $172K
63%
Management & General
Management & general $63K · Total expenses $172K
37%
Fundraising
Fundraising $0 · Total expenses $172K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $17K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $14K · Total revenue $210K
7%
Government reliance
Government grants — · Total revenue $210K
Earned-income share
Program service revenue $0 · Total revenue $210K
0%
Investment reliance
Investment income $156K · Total revenue $210K
+75%
Program self-sufficiency
Program service revenue $0 · Total expenses $172K
0%
Growth & trend
Revenue growth (YoY)
This year $210K · Prior year $124K
+69%
Revenue CAGR
FY2019 $29K · FY2024 $210K
+49%
Net-asset trend (YoY)
End of year $2.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $210K · Expenses $172K
+18%
Liabilities-to-Assets
Total liabilities — · Total assets $2.3M
Net-asset ratio
Net assets $2.3M · Total assets $2.3M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $784K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $2.3M
34%
People & payroll
Highest Reported Total Compensation
Individual Carolyn Kubecka · Reported title EXECUTIVE DI · Highest reported compensation $0 · Total expenses $172K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $46K · Total expenses $172K
27%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 63%
Overhead ratio 37%
Revenue growth 69%

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 · this organization's grantmaking
Grants paid · 5 grants · $310K · 2019–2024
Unitemized GrantFY2024$81,000
Unitemized GrantFY2023$53,316
Unitemized GrantFY2022$92,497
Unitemized GrantFY2021$11,452
Unitemized GrantFY2019$71,774

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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$124K revenue · ⤓ 990 PDF
FY2023$93K revenue · ⤓ 990 PDF
FY2022$13K revenue · ⤓ 990 PDF
FY2021$862 revenue · ⤓ 990 PDF
FY2020$29K 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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