philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Alamo Angels

Not tax-deductible

San Antonio, TX501(c)(6)Community DevelopmentEIN 81-4133515Revenue $233K in FY2024

On file with the IRSalamoangels.com1305 E Houston Suite 301, 78205-2002 · San Antonio, TXTax-exempt since Jun 2018

This page gets seen. Tell your story. Claim this org.

Alamo Angels is an exclusive group of business leaders and corporate sponsors who promote local business growth. The organizaton identifies and grows startup companies by providing financial investments, educational resources and business services to entrepreneurs in the Alamo City.

Run by 9 volunteers.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
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
1 of 4
filings with a surplus
Average deficit $109K a year · 64% of revenue · last 4 filings
Concern: a surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Cash reserves
2 mo
of spending, in cash
Fine: 1.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $50K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$536K
818% of total assets
Concern: liabilities are 818% of assets; over 80%.
Pt X · Ln 26
Independent board members
6
of 11 voting members
Looks good: 6 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$233K
-7% vs prior year
Spent
$434K
Net assets
−$471K
By yearFY2020–FY2024
Revenue
$233K
FY2024▼ -7%
Tap a bar for its year
Revenue by fiscal year
FY2020$61K
FY2022$142K
FY2023$250K
FY2024$233K
Expenses
$434K
FY2024▼ -2%
Tap a bar for its year
Expenses by fiscal year
FY2020$58K
FY2022$185K
FY2023$445K
FY2024$434K
Net assets
−$471K
FY2024▼ -75%
Tap a bar for its year
Net assets by fiscal year
FY2020−$9K
FY2022−$74K
FY2023−$269K
FY2024−$471K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2018.

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

Who runs it and what they're paid

11 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Juan Sebastian Garzon
Executive Director
$0Pt VII · Sec A
Rahul Patel
Chairman
$0Pt VII · Sec A
David Fonseca
Board of Directors
$0Pt VII · Sec A
Amit Mehta
Board of Directors
$0Pt VII · Sec A
Mariano Gonzalez
Board of Directors
$0Pt VII · Sec A
Charles Woodin
Board of Directors
$0Pt VII · Sec A
See Alamo Angels executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Request edit privileges.

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Invests in and supports local startups to foster business growth.

Provided by the organization

Know this organization? Claim it to add your story

1 program · in their own filed words · FY2024
01

Alamo Angels hosts meetings, networking dinners and educational events where members can share expertise for potential investments. Teaching how to evaluate startups and build a diverse angel portfolio. Help mentor up-and-coming entrepreneurs as they develop the next breakthrough that redefines their industries.

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 · funders on record
Grants received · FY2023
80-20 FoundationFY2023$50K
Total grants receivedfrom 1 funder$50K

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$233K
Ln 12
Gifts and grantsLn 1h$193K
Fees for servicesLn 2g$21K
Other incomeLn 4–11$19K
Money outPt IX
$434K
Ln 25
Owns and owesPt X
−$471K
net assets · Ln 32
Cash and savingsLn 1–2$53K
Total assetsLn 16$66K
LiabilitiesLn 26$536K
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$193K
Fees for servicesLn 2g$21K
Other incomeLn 4–11$19K
Total revenueLn 12$233K
Assets in detailPt X, end of year
CashLn 1$53K
Cash and savings togetherLn 1–2$53K
InvestmentsLn 11–13$2
Total assetsLn 16$66K
LiabilitiesLn 26$536K
Net assetsLn 32−$471K
OperationsPt I, VI
EmployeesI 50
VolunteersI 69
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$138K$53K
InvestmentsLn 11–13$2$2
Total assetsLn 16$161K$66K
LiabilitiesLn 26$430K$536K
Net assetsLn 32−$269K−$471K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$264K
Other employee benefitsLn 9$33K
Payroll taxesLn 10$21K
Legal feesLn 11b$578
Accounting feesLn 11c$5K
Advertising and promotionLn 12$3K
Office expensesLn 13$3K
Information technologyLn 14$31K
TravelLn 17$3K
Conferences, conventions and meetingsLn 19$21K
Other expenses (24a–d)Ln 24$9K
All other expensesLn 24e$41K
Total functional expensesLn 25$434K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $233K$434K−$202K−$471K 990 PDF
FY2023 $250K$445K−$195K−$269K 990 PDF
FY2022 $142K$185K−$43K−$74K 990 PDF
FY2021 Not on file
FY2020 $61K$58K$3K−$9K 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 FY2024 990 (6 parts)
Part I · Summary $232,771 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $158,696$193,233
I-9 Program service revenuePrior year $64,500$20,867
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $27,036$18,671
I-12 Total revenuePrior year $250,232$232,771
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $302,206$318,264
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $143,217$116,149
I-18 Total expensesPrior year $445,423$434,413
I-19 Revenue less expensesPrior year −$195,191−$201,642
Part VI · Governance 6 of 11 board members independent, 2 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $232,771 across 6 lines filed
VIII-1b Membership dues$155,733
VIII-1f All other contributions, gifts and grants$37,500
VIII-1h Total contributions, gifts and grants$193,233
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $20,867$20,867
VIII-8 Net income from fundraising eventsExcluded from tax $18,671$18,671
VIII-12 Total revenueRelated to mission $20,867 · Unrelated business $0 · Excluded from tax $18,671$232,771
Part IX · Statement of functional expenses $434,413 across 12 lines filed
IX-7 Other salaries and wages$264,106
IX-9 Other employee benefits$32,971
IX-10 Payroll taxes$21,187
IX-11b Legal fees$578
IX-11c Accounting fees$4,911
IX-12 Advertising and promotion$3,000
IX-13 Office expenses$2,603
IX-14 Information technology$30,816
IX-17 Travel$3,076
IX-19 Conferences, conventions and meetings$20,757
IX-24 Other expenses (24a–d)$9,032
IX-24e All other expenses$41,376
IX-25 Total functional expenses$434,413
Part X · Balance sheet $65,554 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $138,103$53,328
X-4 Accounts receivableStart of year $7,214$12,224
X-13 Program-related investmentsStart of year $2$2
X-16 Total assetsStart of year $160,843$65,554
X-17 Accounts payable and accrued expensesStart of year $321,758$439,318
X-19 Deferred revenueStart of year $94,677$88,707
X-25 Other liabilitiesStart of year $13,287$8,050
X-26 Total liabilitiesStart of year $429,722$536,075
X-27 Net assets without donor restrictionsStart of year −$268,879−$470,521
X-32 Total net assets or fund balancesStart of year −$268,879−$470,521
X-33 Total liabilities and net assetsStart of year $160,843$65,554
Part XI · Reconciliation of net assets −$470,521 net assets at year end
XI-1 Total revenue$232,771
XI-2 Total expenses$434,413
XI-3 Revenue less expenses−$201,642
XI-4 Net assets at start of year−$268,879
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$470,521

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.