Valverde Community Foundation EIN 74-2097659 Form 990 (PDF) Claim this org

Valverde Community Foundation

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Maintains and improves irrigation ditches for Del Rio and Val Verde County residents. For fiscal year 2024 it reported $241K in revenue, $142K in expenses, and $7.8M in net assets.Pt I

Type
Membership association · Nonprofit
Location
Del Rio, TX
Filings
5 on file (2020–2024)
Revenue
$241KFY2024
Expenses
$142K
Net assets
$7.8M
People
11
Filings
5
Updates
0
More identity details & actions ⌄
EIN  74-2097659 Membership association Del Rio, TX
Form 990 (PDF)
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Size
$100K–1M
What they do
Maintains and improves irrigation ditches for Del Rio and Val Verde County residents.
Leadership
Kristen Boenicke · Director
Money in and out
$241K revenue, $142K expenses
Bottom line
+41% operating surplus
Membership & operating revenue · FY2024
Total revenue
$241K
Pt VIII · Ln 12
Total expenses
$142K
Pt IX · Ln 25
Net assets
$7.8M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $99K
Where spending went · Part IX cols B–D
Program services $0.70 Management & general $0.30
Operating surplus
+41%
revenue over expenses▲ +27% vs prior filing year
Earned revenue
0%
of revenue from program services & dues
Payroll share
8%
of spending is salaries & benefits▲ +4% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$241K
FY2024▲ +11%
Expenses
$142K
FY2024▼ -3%
Total assets
$7.8M
FY2024▲ +1%
Total liabilities
$1
FY2024
Total revenue
$241K
Pt VIII · Ln 12
Total expenses
$142K
Pt IX · Ln 25
Net assets
$7.8M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$99K
Total assetsPt X · Ln 16$7.8M
Program-expense ratioPt IX · col B70%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CValverde Community Foundation
EINHdr · item D74-2097659
Principal addressHdr · item CDel Rio, TX
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(4) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFJun 1980

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Director/Treas
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $100K of program spending, described in the organization's own filed words · FY2024.
01

Grants are for the common good & benefit of the citizens of del rio & val verde county, TX

$100Kprogram expense

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Statement of Revenue

Part VIII
Investment income100%$241K
Total revenueLn 12$241K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.70 Management & general $0.30
Program services70%$100K
Management & general30%$42K
Total functional expensesLn 25$142K

Balance Sheet

Part X · end of year
CashLn 1$540K
Total assetsLn 16$7.8M
Total liabilitiesLn 26$1
Total net assetsLn 32$7.8M
Months of cash on handcomputed45.7

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $7.4M · Operating expenses/yr $142K
627.8 months
Where the money goes
Program services
Program services $100K · Total expenses $142K
70%
Management & General
Management & general $42K · Total expenses $142K
30%
Fundraising
Fundraising $0 · Total expenses $142K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $241K
0%
Government reliance
Government grants — · Total revenue $241K
Earned-income share
Program service revenue $0 · Total revenue $241K
0%
Investment reliance
Investment income $241K · Total revenue $241K
+100%
Program self-sufficiency
Program service revenue $0 · Total expenses $142K
0%
Growth & trend
Revenue growth (YoY)
This year $241K · Prior year $218K
+11%
Revenue CAGR
FY2020 $593K · FY2024 $241K
-20%
Net-asset trend (YoY)
End of year $7.8M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $241K · Expenses $142K
+41%
Liabilities-to-Assets
Total liabilities — · Total assets $7.8M
Net-asset ratio
Net assets $7.8M · Total assets $7.8M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $3.6M · Other securities (Pt X, ln 12) $3.3M · Total assets (Pt X, ln 16) $7.8M
88%
People & payroll
Highest Reported Total Compensation
Individual Kristen Boenicke · Reported title Director · Highest reported compensation $0 · Total expenses $142K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $11K · Total expenses $142K
8%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 70%
Overhead ratio 30%
Revenue growth 11%
Investment management fee ratio 0%
Legal fee ratio 0.7%
Accounting fee ratio 2%
Fundraising fee ratio 0%

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 · 19 grants · $354K · 2021–2024
Del Rio Council for the ArtsTX · FY2024$29,000
Casa De La CulturaFY2024$29,000
Upstagers INCTX · FY2024$18,000
Whitehead Memorial MuseumTX · FY2024$15,000
Friends of Del Rio AnimalsTX · FY2024$6,000
Del Rio Council for the ArtsTX · FY2023$29,500
Casa De La CulturaFY2023$29,500
Upstagers INCTX · FY2023$18,000
Whitehead Memorial MuseumTX · FY2023$12,500
Friends of Del Rio AnimalsTX · FY2023$6,000
Del Rio Council for the ArtsTX · FY2022$25,000
Casa De La CulturaFY2022$25,000
Upstagers INCTX · FY2022$18,000
The Shumla School INCTX · FY2022$17,000
Friends of Del Rio AnimalsTX · FY2022$6,000
The Shumla School INCTX · FY2021$25,000
Del Rio Council for the ArtsTX · FY2021$25,000
Upstagers INCTX · FY2021$15,000
See all 19 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)$241K revenue · viewing · ⤓ 990 PDF
FY2023$218K revenue · ⤓ 990 PDF
FY2022$196K revenue · ⤓ 990 PDF
FY2021$199K revenue · ⤓ 990 PDF
FY2020$593K 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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