The Carver Development Board EIN 74-2480343 Form 990 (PDF) Claim this org

The Carver Development Board

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Raises funds and provides financial support for the Carver Community Cultural Center. For fiscal year 2024 it reported $250K in revenue, $316K in expenses, and $2.6M in net assets.Pt I

Founded
1987
Type
Public charity (501(c)(3)) · Community Development
Location
San Antonio, TX
Website
www.thecarver.org
Filings
5 on file (2020–2024)
Revenue
$250KFY2024
Expenses
$316K
Net assets
$2.6M
People
15
Filings
5
Updates
0
More identity details & actions ⌄
EIN  74-2480343 Public charity (501(c)(3)) San Antonio, TX Founded 1987
Form 990 (PDF)
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Size
$100K–1M
What they do
Raises funds and provides financial support for the Carver Community Cultural Center.
Leadership
Iris Dalfrey · Secretary
Money in and out
$250K revenue, $316K expenses
Bottom line
0% program efficiency
Where the money goes · FY2024
Total revenue
$250K
Pt VIII · Ln 12
Total expenses
$316K
Pt IX · Ln 25
Net assets
$2.6M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$66K
Where spending went · Part IX cols B–D
Management & general $1.00
Program efficiency
0%
of spending reaches programs▼ -100% vs prior filing year
Operating runway
1.9mo
months of highly liquid reserves at operating expense rate▲ +46% vs prior filing year
Surplus margin
-26%
revenue over expenses, this year▼ -158% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$250K
FY2024▼ -67%
Expenses
$316K
FY2024▼ -23%
Total assets
$2.6M
FY2024▲ +5%
Total liabilities
$17K
FY2024▼ -77%
Total revenue
$250K
Pt VIII · Ln 12
Total expenses
$316K
Pt IX · Ln 25
Net assets
$2.6M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$66K
Total assetsPt X · Ln 16$2.6M
Program-expense ratioPt IX · col B
Voting members of governing bodyPt I · Ln 315
Independent voting membersPt I · Ln 415

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThe Carver Development Board
EINHdr · item D74-2480343
Principal addressHdr · item CSan Antonio, TX
WebsiteHdr · item Jwww.thecarver.org
Year of formationHdr · item L1987
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S25Z)
Ruling yearIRS BMFJun 1987

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a15
Independent voting membersPt VI · Ln 1b15
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Cdb Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2024.
01

Expenses associated with raising funds used by the city of san antonio's operations of the carver cultural center's programs and services; expenses of 21ST century after-school program and workshops in the schools san antonio independent school district and the edgewood school district.

Pt IX · col B

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Statement of Revenue

Part VIII
Contributions & grants$234K · 93%
Investment income$16K · 7%
Contributions & grants93%$234K
Investment income7%$16K
Total revenueLn 12$250K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Management & general $1.00
Management & general100%$316K
Total functional expensesLn 25$316K

Balance Sheet

Part X · end of year
CashLn 1$49K
Total assetsLn 16$2.6M
Total liabilitiesLn 26$17K
Total net assetsLn 32$2.6M
Months of cash on handcomputed1.9

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $49K · Operating expenses/yr $316K
1.9 months
Where the money goes
Program services
Program services $0 · Total expenses $316K
0%
Management & General
Management & general $316K · Total expenses $316K
100%
Fundraising
Fundraising $0 · Total expenses $316K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $13K · Solicited contributions (3-yr avg) $195K
$0.07 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $234K · Total revenue $250K
93%
Government reliance
Government grants — · Total revenue $250K
Earned-income share
Program service revenue $0 · Total revenue $250K
0%
Investment reliance
Investment income $16K · Total revenue $250K
+7%
Program self-sufficiency
Program service revenue $0 · Total expenses $316K
0%
Growth & trend
Revenue growth (YoY)
This year $250K · Prior year $752K
-67%
Revenue CAGR
FY2019 $294K · FY2024 $250K
-3%
Net-asset trend (YoY)
End of year $2.6M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $250K · Expenses $316K
-26%
Liabilities-to-Assets
Total liabilities — · Total assets $2.6M
Net-asset ratio
Net assets $2.6M · Total assets $2.6M
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $2.6M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Iris Dalfrey · Reported title SECRETARY · Highest reported compensation $0 · Total expenses $316K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $316K
Peer comparison

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

MetricThis orgPeer medianPercentile
Overhead ratio 100%
Revenue growth -67%

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 · funders on record
Grants received · FY2024
See all 3 funders →

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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$752K revenue · ⤓ 990 PDF
FY2023$339K revenue · ⤓ 990 PDF
FY2022$288K revenue · ⤓ 990 PDF
FY2021$249K revenue · ⤓ 990 PDF
FY2020$294K 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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