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Border Olympics INC FY2022 filing

Tax-deductible

Laredo, TX501(c)(3)Since 1967Recreation & SportsEIN 74-6083120

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High School and Colegiate Sports Events Host High School and Collegiate Sporting Events in six different sports Particapants in all events total over 1500 athletes

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

FY2022 · 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
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
4 of 5
filings with a surplus
Average surplus $10K a year · 5% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Looks good: 7.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
25
of 25 voting members
Looks good: 25 of 25 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$236K
+206% vs prior year
Spent
$228K
To programs
100%
Net assets
$146K
By yearFY2020–FY2024
Revenue
$236K
FY2022▲ +206%
Revenue by fiscal year
FY2020$233K
FY2021$77K
FY2022$236K
FY2023$246K
FY2024$278K
FY2024$314K
Expenses
$228K
FY2022▲ +339%
Expenses by fiscal year
FY2020$243K
FY2021$52K
FY2022$228K
FY2023$232K
FY2024$264K
FY2024$306K
Net assets
$146K
FY2022▲ +5%
Net assets by fiscal year
FY2020$114K
FY2021$139K
FY2022$146K
FY2023$160K
FY2024$173K
FY2024$181K

From the FY2022 Form 990 (year ending September 2022) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Exemption reinstated (2011-01-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Feb 2012.

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% · $228K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

2 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Edward Ochoa
President
$0Pt VII · Sec A
$0Pt VII · Sec A
See Border Olympics INC 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

Organizes large high school and college sporting events for over 1500 athletes.

Provided by the organization

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1 program service account for $228K of program spending, described in the organization's own filed words · FY2021.
01

Hosted events in 6 different sports to benefit athletes from Laredo and the surrounding areas

$228Kprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2025
Mission Produce FoundationFY2025$5K
Total grants receivedfrom 1 funder$5K

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$236K
Ln 12
Gifts and grantsLn 1h$180K
Fees for servicesLn 2g$56K
Money outPt IX
$228K
Ln 25
Programscol B$228K
Owns and owesPt X
$146K
net assets · Ln 32
Cash and savingsLn 1–2$146K
Total assetsLn 16$146K
LiabilitiesLn 26$0
PeoplePt VI, VII
2
listed · VII A
PaidVII A0
Voting boardVI 1a25
IndependentVI 1b25
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$180K
Government grantsLn 1e$160K
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$56K
Total revenueLn 12$236K
Assets in detailPt X, end of year
CashLn 1$146K
Cash and savings togetherLn 1–2$146K
Total assetsLn 16$146K
LiabilitiesLn 26$0
Net assetsLn 32$146K
OperationsPt I, VI
EmployeesI 50
VolunteersI 650
Fiscal year endsHeaderSeptember
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 FY22End FY22
Cash and savingsLn 1–2$139K$146K
Total assetsLn 16$139K$146K
LiabilitiesLn 26$0$0
Net assetsLn 32$139K$146K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$1K$1K$0$0
Advertising and promotionLn 12$10K$10K$0$0
TravelLn 17$4K$4K$0$0
InsuranceLn 23$2K$2K$0$0
All other expensesLn 24e$211K$211K$0$0
Total functional expensesLn 25$228K$228K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $278K$264K$14K$173K 990 PDF
FY2023 $246K$232K$14K$160K 990 PDF
FY2022 Viewing $236K$228K$7K$146K 990 PDF
FY2021 $77K$52K$25K$139K 990 PDF
FY2020 $233K$243K−$10K$114K 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 FY2022 990 (4 parts)
Part VIII · Statement of revenue $235,500 across 11 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$160,000
VIII-1f All other contributions, gifts and grants$20,000
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$180,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $55,500 · Unrelated business $0 · Excluded from tax $0$55,500
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $55,500 · Unrelated business $0 · Excluded from tax $0$235,500
Part IX · Statement of functional expenses $228,500 across 5 lines filed
IX-11c Accounting feesPrograms $1,000 · Management $0 · Fundraising $0$1,000
IX-12 Advertising and promotionPrograms $10,000 · Management $0 · Fundraising $0$10,000
IX-17 TravelPrograms $4,000 · Management $0 · Fundraising $0$4,000
IX-23 InsurancePrograms $2,500 · Management $0 · Fundraising $0$2,500
IX-24e All other expensesPrograms $211,000 · Management $0 · Fundraising $0$211,000
IX-25 Total functional expensesPrograms $228,500 · Management $0 · Fundraising $0$228,500
Part X · Balance sheet $145,583 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $138,583$145,583
X-16 Total assetsStart of year $138,583$145,583
X-17 Accounts payable and accrued expensesStart of year $0$0
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $138,583$145,583
X-33 Total liabilities and net assetsStart of year $138,583$145,583
Part XI · Reconciliation of net assets $145,583 net assets at year end
XI-1 Total revenue$235,500
XI-2 Total expenses$228,500
XI-3 Revenue less expenses$7,000
XI-4 Net assets at start of year$138,583
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$145,583

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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