Border Olympics INC EIN 74-6083120

Border Olympics INC

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Organizes large high school and college sporting events for over 1500 athletes. For fiscal year 2024 it reported $314K in revenue, $306K in expenses, and $181K in net assets.Pt I

Founded
1967
Type
Public charity (501(c)(3)) · Recreation & Sports
Location
Laredo, TX
Filings
5 on file (2020–2024)
Revenue
$314KFY2024
Expenses
$306K
Net assets
$181K
People
2
Filings
5
Updates
0
More identity details & actions ⌄
EIN  74-6083120 Public charity (501(c)(3)) Laredo, TX Founded 1967
Form 990 (PDF)
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Size
$100K–1M
What they do
Organizes large high school and college sporting events for over 1500 athletes.
Leadership
Hector Garcia · Treasuer
Money in and out
$314K revenue, $306K expenses
Bottom line
100% program efficiency
Where the money goes · FY2024
Total revenue
$314K
Pt VIII · Ln 12
Total expenses
$306K
Pt IX · Ln 25
Net assets
$181K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $8K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs0% vs prior filing year
Operating runway
7.1mo
months of highly liquid reserves at operating expense rate▼ -10% vs prior filing year
Surplus margin
+3%
revenue over expenses, this year▼ -47% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$314K
FY2024▲ +13%
Expenses
$306K
FY2024▲ +16%
Total assets
$181K
FY2024▲ +5%
Total liabilities
$0
FY2024
Total revenue
$314K
Pt VIII · Ln 12
Total expenses
$306K
Pt IX · Ln 25
Net assets
$181K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$8K
Total assetsPt X · Ln 16$181K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 350
Independent voting membersPt I · Ln 450
Mission & Programs · Part III

Where the work happens

1 program service account for $306K of program spending, described in the organization's own filed words · FY2024.
01

Hosted tournaments at the high school and collegiate levels in Basketball, Baseball, Softball, Tennis, Golf and Track & Field. Participants in all tournaments exceeded 1500 athletes

$306Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBorder Olympics INC
EINHdr · item D74-6083120
Principal addressHdr · item CLaredo, TX
WebsiteHdr · item Jnone reported
Year of formationHdr · item L1967
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFRecreation & Sports (N71)
Ruling yearIRS BMFFeb 2012

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a50
Independent voting membersPt VI · Ln 1b50
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
$0Pt VII · Sec A
Ochoa
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$285K · 91%
Program service revenue$29K · 9%
Contributions & grants91%$285K
Program service revenue9%$29K
— government grantsLn 1e$235K
Total revenueLn 12$314K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$306K
Total functional expensesLn 25$306K

Balance Sheet

Part X · end of year
CashLn 1$181K
Total assetsLn 16$181K
Total liabilitiesLn 26$0
Total net assetsLn 32$181K
Months of cash on handcomputed7.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $181K · Operating expenses/yr $306K
7.1 months
Where the money goes
Program services
Program services $306K · Total expenses $306K
100%
Management & General
Management & general $0 · Total expenses $306K
0%
Fundraising
Fundraising $0 · Total expenses $306K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $53K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $285K · Total revenue $314K
91%
Government reliance
Government grants $235K · Total revenue $314K
75%
Earned-income share
Program service revenue $29K · Total revenue $314K
9%
Investment reliance
Investment income $0 · Total revenue $314K
0%
Program self-sufficiency
Program service revenue $29K · Total expenses $306K
10%
Growth & trend
Revenue growth (YoY)
This year $314K · Prior year $278K
+13%
Revenue CAGR
FY2019 $233K · FY2024 $314K
+6%
Net-asset trend (YoY)
End of year $181K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $314K · Expenses $306K
+3%
Liabilities-to-Assets
Total liabilities — · Total assets $181K
Net-asset ratio
Net assets $181K · Total assets $181K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $181K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Hector Garcia · Reported title Treasuer · Highest reported compensation $0 · Total expenses $306K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $306K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 100%
Revenue growth 13%

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 · FY2025
Total grants receivedfrom 1 funder$5K

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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$278K revenue · ⤓ 990 PDF
FY2023$246K revenue · ⤓ 990 PDF
FY2022$236K revenue · ⤓ 990 PDF
FY2021$77K revenue · ⤓ 990 PDF
FY2020$233K 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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