Endowment Fund to provide scholarships to graduating high school seniors, to facilitate transfer of funds for community projects in neighboring city.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · 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
1 of 2
filings with a surplus
Average surplus $15K a year · 6% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
4 mo
of spending, in cash
Plus $450K in investments, Pt X · Ln 11–13
Looks good: 4.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $20K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$13K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$111K
+20% vs prior year
Spent
$63K
To programs
100%
Net assets
$459K
By yearFY2021–FY2025
Revenue
$111K
FY2025▲ +20%
Tap a bar for its year
Revenue by fiscal year
FY2021$351K
FY2023$62K
FY2024$92K
FY2025$111K
Expenses
$63K
FY2025▼ -83%
Tap a bar for its year
Expenses by fiscal year
FY2021$369K
FY2023Not on file
FY2024Not on file
FY2025$63K
Net assets
$459K
FY2025▲ +12%
Tap a bar for its year
Net assets by fiscal year
FY2021$394K
FY2023$322K
FY2024$412K
FY2025$459K

From the FY2025 Form 990 (year ending June 2025) · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 1998.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $63K Management & general 0% · $8

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

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
Vice-Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
General Secy
$0Pt VII · Sec A
See McAllen Rotary Fund 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

Provides scholarships to high school seniors and funds community projects.

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Provided by the organization

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2 programs · $63K · in their own filed words · FY2024
01

Provided funds for community service in neighbring city.

$63Kprogram expense
02

College Sholarships

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$20K
Grants paid · 1 grant · $20K · 2020–2020
Unitemized GrantFY2020$19,500

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$111K
Ln 12
Gifts and grantsLn 1h$63K
Other incomeLn 4–11$48K
Investment incomeLn 3$47
Money outPt IX
$63K
Ln 25
Programscol B$63K
Managementcol C$8
Owns and owesPt X
$459K
net assets · Ln 32
Cash and savingsLn 1–2$22K
Total assetsLn 16$472K
LiabilitiesLn 26$13K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$63K
Investment incomeLn 3$47
Other incomeLn 4–11$48K
Gains on assetsLn 7$0
Total revenueLn 12$111K
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$22K
Cash and savings togetherLn 1–2$22K
InvestmentsLn 11–13$450K
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$472K
LiabilitiesLn 26$13K
Net assetsLn 32$459K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderJune
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 FY25End FY25
Cash and savingsLn 1–2$12K$22K
InvestmentsLn 11–13$403K$450K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$415K$472K
LiabilitiesLn 26$3K$13K
Net assetsLn 32$412K$459K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$63K$63K
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
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$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
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$8$8
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$0
All other expensesLn 24e$0
Total functional expensesLn 25$63K$63K$8$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $111K$63K$48K$459K 990 PDF
FY2024 $92K$412K 990 PDF
FY2023 $62K$322K 990 PDF
FY2022 Not on file
FY2021 $351K$369K−$18K$394K 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 F · Foreign O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $110,559 revenue, 12 lines filed
I-8 Contributions and grants$63,000
I-9 Program service revenue$0
I-10 Investment income$47
I-11 Other revenue$47,512
I-12 Total revenue$110,559
I-13 Grants and similar amounts paid$63,000
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$8
I-18 Total expenses$63,008
I-19 Revenue less expenses$47,551
Part VI · Governance 5 of 5 board members independent, 4 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
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 $110,559 across 9 lines filed
VIII-1f All other contributions, gifts and grants$63,000
VIII-1h Total contributions, gifts and grants$63,000
VIII-3 Investment incomeExcluded from tax $47$47
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $47,512$47,512
VIII-12 Total revenueExcluded from tax $47,559$110,559
Part IX · Statement of functional expenses $63,008 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipientsPrograms $63,000$63,000
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
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 taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotion$0
IX-13 Office expensesManagement $8$8
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 Insurance$0
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $63,000 · Management $8 · Fundraising $0$63,008
Part X · Balance sheet $471,790 assets, 18 lines filed
X-1 Cash, non-interest-bearing$0
X-2 Savings and temporary cash investmentsStart of year $12,094$21,733
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, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investmentsStart of year $402,545$450,057
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $414,639$471,790
X-18 Grants payableStart of year $3,000$3,600
X-25 Other liabilities$9,000
X-26 Total liabilitiesStart of year $3,000$12,600
X-32 Total net assets or fund balancesStart of year $411,639$459,190
X-33 Total liabilities and net assetsStart of year $414,639$471,790
Part XI · Reconciliation of net assets $459,190 net assets at year end
XI-1 Total revenue$110,559
XI-2 Total expenses$63,008
XI-3 Revenue less expenses$47,551
XI-4 Net assets at start of year$411,639
XI-10 Net assets at end of year$459,190

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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