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Programa Velasco FY2022 filing

Tax-deductible

Santa Clara, CA501(c)(3)Since 2010International EIN 27-2851786Revenue $246K in FY2022

On file with the IRSprogramavelasco.org500 El Camino Real, 95053-1000 · Santa Clara, CATax-exempt since May 2011Publicly supported charity — 170(b)(1)(A)(vi)

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Educate and empower children in el salvador

501(c)(3) charity; gifts are tax-deductible.
60¢ 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
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
4 of 6
filings with a surplus
Average surplus $35K a year · 11% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
60%
of spending
Worth a look: 60% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Plus $258K in investments, Pt X · Ln 11–13
Looks good: 3.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $63K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$3K
1.0% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$246K
-55% vs prior year
Spent
$320K
To programs
60%
Net assets
$349K
By yearFY2020–FY2025
Revenue
$246K
FY2022▼ -55%
Tap a bar for its year
Revenue by fiscal year
FY2020$239K
FY2021$542K
FY2022$246K
FY2023$318K
FY2024$254K
FY2025$399K
Expenses
$320K
FY2022▲ +39%
Tap a bar for its year
Expenses by fiscal year
FY2020$218K
FY2021$230K
FY2022$320K
FY2023$303K
FY2024$326K
FY2025$385K
Net assets
$349K
FY2022▼ -27%
Tap a bar for its year
Net assets by fiscal year
FY2020$164K
FY2021$479K
FY2022$349K
FY2023$396K
FY2024$343K
FY2025$380K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 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 May 2011.

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

Where the money goes

60 cents of each dollar spent went to programs.

Program services 60% · $193K Management & general 37% · $118K Fundraising 3% · $9K

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

10 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Jean Reidy
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Programa Velasco 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

Empowers children and women in El Salvador through education to build stronger families and futures.

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Provided by the organization

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3 programs · $138K · in their own filed words · FY2022
01

Women's economic empowerment

$71Kprogram expense
02

Financing early childhood education and support services

$47Kprogram expense
03

Family empowerment

$20Kprogram 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
Fidelity Investments Charitable Gift FundFY2024$40K
Thrivent Charitable Impact & InvestingFY2024$10K
Jpmorgan Chase FoundationFY2024$6K
Donor Advised Charitable Giving INCFY2024$6K
Total grants receivedfrom 4 funders$63K
See all 4 funders →

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$246K
Ln 12
Gifts and grantsLn 1h$236K
Investment incomeLn 3$10K
Money outPt IX
$320K
Ln 25
Programscol B$193K
Managementcol C$118K
Fundraisingcol D$9K
Owns and owesPt X
$349K
net assets · Ln 32
Cash and savingsLn 1–2$95K
Total assetsLn 16$353K
LiabilitiesLn 26$3K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$236K
Investment incomeLn 3$10K
Gains on assetsLn 7$5K
Total revenueLn 12$246K
Assets in detailPt X, end of year
CashLn 1$95K
Cash and savings togetherLn 1–2$95K
InvestmentsLn 11–13$258K
Total assetsLn 16$353K
LiabilitiesLn 26$3K
Net assetsLn 32$349K
OperationsPt I, VI
EmployeesI 51
VolunteersI 65
Fiscal year endsHeaderDecember
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 FY22End FY22
Cash and savingsLn 1–2$194K$95K
InvestmentsLn 11–13$294K$258K
Total assetsLn 16$488K$353K
LiabilitiesLn 26$8K$3K
Net assetsLn 32$479K$349K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$95K$95K
Pension plan contributionsLn 8$2K$2K
Payroll taxesLn 10$9K$9K
Accounting feesLn 11c$1K$1K
Investment management feesLn 11f$2K$2K
Other fees for servicesLn 11g$206K$193K$3K$9K
Office expensesLn 13$6K$6K
TravelLn 17$788$788
Total functional expensesLn 25$320K$193K$118K$9K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $399K$385K$13K$380K 990 PDF
FY2024 $254K$326K−$73K$343K 990 PDF
FY2023 $318K$303K$15K$396K 990 PDF
FY2022 Viewing $246K$320K−$75K$349K 990 PDF
FY2021 $542K$230K$312K$479K 990 PDF
FY2020 $239K$218K$20K$164K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $245,849 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $533,273$235,658
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $8,295$10,191
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $541,568$245,849
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 $50,012$105,545
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $179,823$214,941
I-18 Total expensesPrior year $229,835$320,486
I-19 Revenue less expensesPrior year $311,733−$74,637
Part VI · Governance 10 of 10 board members independent, 4 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
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 $245,849 across 5 lines filed
VIII-1f All other contributions, gifts and grants$235,658
VIII-1h Total contributions, gifts and grants$235,658
VIII-3 Investment incomeUnrelated business $5,491$5,491
VIII-7 Net gain or loss on sales of assetsUnrelated business $4,700$4,700
VIII-12 Total revenueRelated to mission $0 · Unrelated business $10,191 · Excluded from tax $0$245,849
Part IX · Statement of functional expenses $320,486 across 8 lines filed
IX-7 Other salaries and wagesManagement $94,720$94,720
IX-8 Pension plan contributionsManagement $1,765$1,765
IX-10 Payroll taxesManagement $9,060$9,060
IX-11c Accounting feesManagement $1,200$1,200
IX-11f Investment management feesManagement $1,578$1,578
IX-11g Other fees for servicesPrograms $193,293 · Management $3,056 · Fundraising $9,201$205,550
IX-13 Office expensesManagement $5,825$5,825
IX-17 TravelManagement $788$788
IX-25 Total functional expensesPrograms $193,293 · Management $117,992 · Fundraising $9,201$320,486
Part X · Balance sheet $352,609 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $193,514$94,607
X-11 Publicly traded securitiesStart of year $294,397$258,002
X-16 Total assetsStart of year $487,911$352,609
X-25 Other liabilitiesStart of year $8,451$3,470
X-26 Total liabilitiesStart of year $8,451$3,470
X-32 Total net assets or fund balancesStart of year $479,460$349,139
X-33 Total liabilities and net assetsStart of year $487,911$352,609
Part XI · Reconciliation of net assets $349,139 net assets at year end
XI-1 Total revenue$245,849
XI-2 Total expenses$320,486
XI-3 Revenue less expenses−$74,637
XI-4 Net assets at start of year$479,460
XI-5 Net unrealized gains (losses) on investments−$55,684
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$349,139

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

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