Valverde Community Foundation FY2020 filing

Not tax-deductible

Del Rio, TX501(c)(4)EIN 74-2097659Revenue $593K in FY2020

On file with the IRS109 Griner St, 78840-5506 · Del Rio, TXTax-exempt since Jun 1980

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Maintain and improve the irrigation ditches of del rio, TX which is for the common good and general welfare of the citizens of del rio & val verde county, TX

57¢ of each $1 spent went to programs.
$10K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $161K a year · 56% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
57%
of spending
Worth a look: 57% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$10K
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
98 mo
of spending, in cash
Looks good: 98.1 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
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$593K
Spent
$93K
To programs
57%
Net assets
$7.5M
By yearFY2020–FY2024
Revenue
$593K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$593K
FY2021$199K
FY2022$196K
FY2023$218K
FY2024$241K
Expenses
$93K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$93K
FY2021$122K
FY2022$140K
FY2023$147K
FY2024$142K
Net assets
$7.5M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$7.5M
FY2021$7.6M
FY2022$7.7M
FY2023$7.7M
FY2024$7.8M

From the FY2020 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 1980.

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

Where the money goes

57 cents of each dollar spent went to programs.

Program services 57% · $53K Management & general 43% · $40K

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; $10K paid to officers and key staff.

Part VII, Section A · reportable compensation
Secretary
$10,000Pt VII · Sec A
Director
$0Pt VII · Sec A
Director/Treas
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
See Valverde Community Foundation 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 15aYes

Programs and updates

Maintains and improves irrigation ditches for Del Rio and Val Verde County residents.

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Provided by the organization

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1 program · $53K · in their own filed words · FY2020
01

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

$53Kprogram 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 · 19 grants · $354K · 2021–2024
Del Rio Council for the ArtsTX · FY2024$29,000
Individual RecipientFY2024$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
Individual RecipientFY2023$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
Individual RecipientFY2022$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 →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$593K
Ln 12
Investment incomeLn 3$591K
Other incomeLn 4–11$2K
Money outPt IX
$93K
Ln 25
Programscol B$53K
Managementcol C$40K
Owns and owesPt X
$7.5M
net assets · Ln 32
Cash and savingsLn 1–2$759K
Total assetsLn 16$7.5M
LiabilitiesLn 26$0
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$591K
Other incomeLn 4–11$2K
Gains on assetsLn 7$423K
Total revenueLn 12$593K
Assets in detailPt X, end of year
CashLn 1$117K
SavingsLn 2$642K
Cash and savings togetherLn 1–2$759K
InvestmentsLn 11–13$6.3M
Land, buildings, equipmentLn 10c$44K
Other assetsLn 15$0
Total assetsLn 16$7.5M
LiabilitiesLn 26$0
Net assetsLn 32$7.5M
OperationsPt I, VI
EmployeesI 51
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$451K$759K
InvestmentsLn 11–13$6.5M$6.3M
Land, buildings, equipmentLn 10c$58K$44K
Total assetsLn 16$7.0M$7.5M
LiabilitiesLn 26$0$0
Net assetsLn 32$7.0M$7.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$53K$53K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$10K$10K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$765$765
Management feesLn 11a$0
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$2K$2K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$22K$22K
All other expensesLn 24e$0
Total functional expensesLn 25$93K$53K$40K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $241K$142K$99K$7.8M 990 PDF
FY2023 $218K$147K$71K$7.7M 990 PDF
FY2022 $196K$140K$56K$7.7M 990 PDF
FY2021 $199K$122K$77K$7.6M 990 PDF
FY2020 Viewing $593K$93K$500K$7.5M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $593,071 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$0
I-10 Investment incomePrior year $173,730$591,171
I-11 Other revenuePrior year $1,900$1,900
I-12 Total revenuePrior year $175,630$593,071
I-13 Grants and similar amounts paidPrior year $100,000$53,000
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $10,765$10,765
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $29,593$29,051
I-18 Total expensesPrior year $140,358$92,816
I-19 Revenue less expensesPrior year $35,272$500,255
Part VI · Governance 9 of 9 board members independent, 2 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $593,071 across 7 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-3 Investment incomeRelated to mission $167,870$167,870
VIII-5 Royalties$0
VIII-6 Net rental income or lossRelated to mission $1,900$1,900
VIII-7 Net gain or loss on sales of assetsRelated to mission $423,301$423,301
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $593,071$593,071
Part IX · Statement of functional expenses $92,816 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $53,000$53,000
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffManagement $10,000$10,000
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesManagement $765$765
IX-11a Management fees$0
IX-11b Legal feesManagement $3,200$3,200
IX-11c Accounting feesManagement $1,520$1,520
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsuranceManagement $2,725$2,725
IX-24 Other expenses (24a–d)Management $21,606$21,606
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $53,000 · Management $39,816 · Fundraising $0$92,816
Part X · Balance sheet $7,543,614 assets, 16 lines filed
Asset lines not itemized here account for $400,000; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $47,002$117,323
X-2 Savings and temporary cash investmentsStart of year $404,353$641,781
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $58,444$44,326
X-11 Publicly traded securities$0
X-12 Other securitiesStart of year $6,533,559$6,340,184
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $7,043,358$7,543,614
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $7,043,358$7,543,614
X-33 Total liabilities and net assetsStart of year $7,043,358$7,543,614
Part XI · Reconciliation of net assets $7,543,614 net assets at year end
XI-1 Total revenue$593,071
XI-2 Total expenses$92,816
XI-3 Revenue less expenses$500,255
XI-4 Net assets at start of year$7,043,358
XI-9 Other changes in net assets$1
XI-10 Net assets at end of year$7,543,614

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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