Palacios Isd Educational Foundation FY2023 filing

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To partner with the community to equip our students and teachers with innovative opportunities to achieve their maximum potential through superior learning experiences.

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 6
filings with a surplus
Average deficit $26K a year · 33% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
138 mo
of spending, in cash
Looks good: 137.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% 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
$93K
+624% vs prior year
Spent
$132K
To programs
95%
Net assets
$2.3M
By yearFY2020–FY2025
Revenue
$93K
FY2023▲ +624%
Tap a bar for its year
Revenue by fiscal year
FY2020$29K
FY2021$862
FY2022$13K
FY2023$93K
FY2024$124K
FY2025$210K
Expenses
$132K
FY2023▲ +139%
Tap a bar for its year
Expenses by fiscal year
FY2020$73K
FY2021$49K
FY2022$55K
FY2023$132K
FY2024$143K
FY2025$172K
Net assets
$2.3M
FY2023▼ -2%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.4M
FY2021$2.4M
FY2022$2.3M
FY2023$2.3M
FY2024$2.3M
FY2025$2.3M

From the FY2023 Form 990 (year ending August 2023) · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2010.

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

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $126K Management & general 5% · $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

13 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Executive Di
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$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
See Palacios Isd Educational Foundation executive salaries →

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

Funds educational and cultural programs and services for the district.

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3 programs · $112K · in their own filed words · FY2022
01

Provided scholarships to 32 qualified students of the graduating class of palacios high school for higher education purposes.

$73Kprogram expense
02

Paid tuition for 37 qualified students to take dual credit courses at junior colleges.

$19Kprogram expense
03

Provided school supplies for approximately 1,300 students, of which 79% 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.

$19Kprogram expense

Funders

Who pays for it.

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

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

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$93K
Ln 12
Investment incomeLn 3$64K
Gifts and grantsLn 1h$29K
Other incomeLn 4–11$294
Money outPt IX
$132K
Ln 25
Programscol B$126K
Managementcol C$7K
Owns and owesPt X
$2.3M
net assets · Ln 32
Cash and savingsLn 1–2$1.5M
Total assetsLn 16$2.3M
LiabilitiesLn 26$0
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$29K
Fundraising eventsLn 1c$8K
Investment incomeLn 3$64K
Other incomeLn 4–11$294
Gains on assetsLn 7$46K
Total revenueLn 12$93K
Assets in detailPt X, end of year
CashLn 1$7K
SavingsLn 2$1.5M
Cash and savings togetherLn 1–2$1.5M
InvestmentsLn 11–13$399K
Other assetsLn 15$375K
Total assetsLn 16$2.3M
LiabilitiesLn 26$0
Net assetsLn 32$2.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 625
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$2.3M$1.5M
InvestmentsLn 11–13$399K
Total assetsLn 16$2.3M$2.3M
LiabilitiesLn 26$0$0
Net assetsLn 32$2.3M$2.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$92K$92K
Accounting feesLn 11c$4K$4K
Investment management feesLn 11f$2K$2K
Office expensesLn 13$247$247
InsuranceLn 23$587$587
Other expenses (24a–d)Ln 24$33K$33K$60
All other expensesLn 24e$40$40
Total functional expensesLn 25$132K$126K$7K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Jul 8, 2026 $210K$172K$38K$2.3M 990 PDF
FY2024Filed with the IRS May 28, 2025 $124K$143K−$19K$2.3M 990 PDF
FY2023 ViewingFiled with the IRS Mar 29, 2024 $93K$132K−$39K$2.3M 990 PDF
FY2022Filed with the IRS Jul 17, 2023 $13K$55K−$42K$2.3M 990 PDF
FY2021Filed with the IRS May 16, 2022 $862$49K−$48K$2.4M 990 PDF
FY2020Filed with the IRS Jan 15, 2021 $29K$73K−$44K$2.4M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $93,190 revenue, 12 lines filed
I-8 Contributions and grants$29,290
I-9 Program service revenue$0
I-10 Investment incomePrior year $11,172$63,606
I-11 Other revenuePrior year $1,700$294
I-12 Total revenuePrior year $12,872$93,190
I-13 Grants and similar amounts paidPrior year $53,149$92,497
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $2,174$39,867
I-18 Total expensesPrior year $55,323$132,364
I-19 Revenue less expensesPrior year −$42,451−$39,174
Part VI · Governance 12 of 12 board members independent, 4 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $93,190 across 7 lines filed
VIII-1c Fundraising events$8,365
VIII-1f All other contributions, gifts and grants$20,925
VIII-1h Total contributions, gifts and grants$29,290
VIII-3 Investment incomeExcluded from tax $17,320$17,320
VIII-7 Net gain or loss on sales of assetsExcluded from tax $46,286$46,286
VIII-8 Net income from fundraising eventsExcluded from tax $294$294
VIII-12 Total revenueExcluded from tax $63,900$93,190
Part IX · Statement of functional expenses $132,364 across 7 lines filed
IX-2 Grants to domestic individualsPrograms $92,497$92,497
IX-11c Accounting feesManagement $3,768$3,768
IX-11f Investment management feesManagement $2,161$2,161
IX-13 Office expensesManagement $247$247
IX-23 InsuranceManagement $587$587
IX-24 Other expenses (24a–d)Programs $33,004 · Management $60$33,064
IX-24e All other expensesManagement $40$40
IX-25 Total functional expensesPrograms $125,501 · Management $6,863 · Fundraising $0$132,364
Part X · Balance sheet $2,292,873 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $32,747$7,246
X-2 Savings and temporary cash investmentsStart of year $2,299,301$1,511,690
X-11 Publicly traded securities$398,937
X-15 Other assets$375,000
X-16 Total assetsStart of year $2,332,048$2,292,873
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $2,332,048$2,292,873
X-33 Total liabilities and net assetsStart of year $2,332,048$2,292,873
Part XI · Reconciliation of net assets $2,292,873 net assets at year end
XI-1 Total revenue$93,190
XI-2 Total expenses$132,364
XI-3 Revenue less expenses−$39,174
XI-4 Net assets at start of year$2,332,048
XI-9 Other changes in net assets−$1
XI-10 Net assets at end of year$2,292,873

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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