Soar Texas FY2022 filing

Austin, TX · Private foundation / grantmaker · Foundations & Grantmakers

✓ Tax-deductible Latest data FY2022
Revenue
$153K
Spent
$50K
Net assets
$103K
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Form 990 for the fiscal year ending December 2022 (IRS tax year 2022).

Status and standing

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Foundation funders?
Not on file
Spent on programs?
Not on file
Size and trend
$100K–1M
Legal name (IRS)Hdr · item CSoar Texas
EINHdr · item D61-2025979
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFJun 2022
Latest filingForm 990FY2024 · Form 990-PF
Principal addressHdr · item CAustin, TX
NTEE classificationIRS BMFFoundations & Grantmakers (T23)
WebsiteHdr · item Jloartexas.com/soar

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $1.00
Grants & contributions paid100%$50K
Total functional expensesLn 25$50K

Financial health

Revenue & expenses by yearFY2022–FY2024
Revenue
$153K
FY2022
Expenses
$50K
FY2022
Total assets
103K
deployed as grants and operations
Grants paid
50K
in FY2022
Grants made
12grants
total in period
Payout rate
49%
of assets (5% rule)

Summary of the Filing

Part I · fiscal year 2022 · Form 990-PF
Total assets
$103K
FY2022
Total liabilities
$0
FY2022
Total assetsPt II$103K

Balance Sheet

Part X · end of year
CashLn 1$103K
Total assetsLn 16$103K
Total liabilitiesLn 26$0
Total net assetsLn 32$103K
Months of cash on handcomputed24.6

Statement of Revenue

Part VIII
Contributions & grants100%$153K
Total revenueLn 12$153K

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $103K
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $153K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $153K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $153K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $103K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $153K · Expenses $50K
+67%
Liabilities-to-Assets
Total liabilities — · Total assets $103K
—
Net-asset ratio
Net assets $103K · Total assets $103K
100%
People & payroll
Highest Reported Total Compensation
Individual — · Reported title — · Highest reported compensation — · Total expenses $50K
No individual compensation reported on this filing
Personnel share
not reported

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. Peer cohort: .

Leadership and pay

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Officers, directors & key employeesPt VII · Sec ANot reported
See Soar Texas executive salaries →

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Mission and programs

A private foundation based in Austin, TX.

Provided by the organization

This section is blank until Soar Texas claims this page.

Know this organization? Claim it to add your story

Grants and how to apply

Who They Fund

Part XV · grants paid · 12 grants · $110K · 2024–2024
University of Texas at AustinFY2024$30,000
Texas A&m University - College StationFY2024$20,000
Baylor UniversityTX · FY2024$15,000
University of HoustonFY2024$5,000
University of Texas School of DentistryFY2024$5,000
University of Texas Rio Grande ValleyFY2024$5,000
University of Texas McGovern Medical SchoolFY2024$5,000
University of Texas at DallasFY2024$5,000
Texas Christian UniversityTX · FY2024$5,000
Texas A&m International UniversityFY2024$5,000
Texas A&m University - Corpus ChristiFY2024$5,000

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV3
Average grantPart XV$9K
Median grantPart XV$5K
Largest grantPart XV$30K
Top cause focusNTEEColleges & Universities (25%)

Filing history

YearRevenueExpensesChangeFiling
FY2024 Latest $112K$112K×2332 990 PDF
FY2023 $48$97K-100% 990 PDF
FY2022 Viewing $153K$50K 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

Similar organizations you could support

Closest in mission — by what they do
See all organizations like Soar Texas →

Run this organization? Claim this page

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.