Teotl Foundation INC

Tax-deductible

Mableton, GA501(c)(3)Arts & CultureEIN 82-2959056

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The Foundation works with children from the hispanic community supporting in various culturalaspects including the teaching of the traditional mexican activity of the charreria

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
Run by 7 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
2 of 3
filings with a surplus
Average deficit $1K a year · 1% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 2.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$125K
191% of total assets
Concern: liabilities are 191% of assets; over 80%.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$144K
+64% vs prior year
Spent
$204K
To programs
85%
Net assets
−$59K
By yearFY2022–FY2024
Revenue
$144K
FY2024▲ +64%
Revenue by fiscal year
FY2022$146K
FY2023$88K
FY2024$144K
Expenses
$204K
FY2024▲ +132%
Expenses by fiscal year
FY2022$91K
FY2023$88K
FY2024$204K
Net assets
−$59K
FY2024
Net assets by fiscal year
FY2022$55K
FY2023$0
FY2024−$59K

From the FY2024 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

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

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $174K Management & general 15% · $30K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
See Teotl Foundation 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

Teaches traditional Mexican horsemanship and cultural skills to Hispanic children.

Provided by the organization

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3 programs · $174K · in their own filed words · FY2024
01

The year 2024 was very productive for both of our programs. As our mission states we provide younger generations the opportunity to know and practice cultural activities. Through our activities we are sure that we were able to keep 130 students from the ages 4-25 occupied in something beneficial instead of being on their phone, involved…

$109Kprogram expense
02

Ballet Folklorico Teotl had a great 2024 year full of events. We started the year off by preparing and participating in a Dance competition in San Antonio Texas. Where we took 30 students to participate. This experience is a great way to learn discipline, teamwork, commitment among other things.

$47Kprogram expense
03

Charreria program is a Mexican equestrian program, where the girls do a routine on side saddle and the boys participate in a variety of challenges known as lucks (suertes). We had a great year. We participated in the St. Patricks Day parade in downtown Atlanta.

$18Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$144K
Ln 12
Fees for servicesLn 2g$102K
Gifts and grantsLn 1h$43K
Money outPt IX
$204K
Ln 25
Programscol B$174K
Managementcol C$30K
Owns and owesPt X
−$59K
net assets · Ln 32
Cash and savingsLn 1–2$42K
Total assetsLn 16$66K
LiabilitiesLn 26$125K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$43K
Fees for servicesLn 2g$102K
Total revenueLn 12$144K
Assets in detailPt X, end of year
CashLn 1$42K
Cash and savings togetherLn 1–2$42K
Other assetsLn 15$23K
Total assetsLn 16$66K
LiabilitiesLn 26$125K
Net assetsLn 32−$59K
OperationsPt I, VI
EmployeesI 50
VolunteersI 67
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$42K
Total assetsLn 16$0$66K
LiabilitiesLn 26$0$125K
Net assetsLn 32$0−$59K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Advertising and promotionLn 12$2K$2K$76
Office expensesLn 13$5K$4K$1K
OccupancyLn 16$93K$93K
TravelLn 17$5K$5K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$79K$52K$27K
All other expensesLn 24e$19K$19K$405
Total functional expensesLn 25$204K$174K$30K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $144K$204K−$59K−$59K 990 PDF
FY2023 $88K$88K$150$0 990 PDF
FY2022 $146K$91K$55K$55K 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $144,377 across 5 lines filed
VIII-1f All other contributions, gifts and grants$42,603
VIII-1h Total contributions, gifts and grants$42,603
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $101,774$101,774
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $101,774 · Unrelated business $0 · Excluded from tax $0$144,377
Part IX · Statement of functional expenses $203,850 across 7 lines filed
IX-12 Advertising and promotionPrograms $1,692 · Management $76$1,768
IX-13 Office expensesPrograms $3,819 · Management $1,239$5,058
IX-16 OccupancyPrograms $92,732$92,732
IX-17 TravelPrograms $4,754$4,754
IX-23 InsuranceManagement $1,510$1,510
IX-24 Other expenses (24a–d)Programs $52,180 · Management $26,937$79,117
IX-24e All other expensesPrograms $18,506 · Management $405$18,911
IX-25 Total functional expensesPrograms $173,683 · Management $30,167 · Fundraising $0$203,850
Part X · Balance sheet $65,527 assets, 9 lines filed
X-1 Cash, non-interest-bearing$42,454
X-8 Inventories for sale or use$150
X-14 Intangible assets$75
X-15 Other assets$22,848
X-16 Total assetsStart of year $0$65,527
X-26 Total liabilitiesStart of year $0$125,000
X-27 Net assets without donor restrictions−$59,473
X-32 Total net assets or fund balancesStart of year $0−$59,473
X-33 Total liabilities and net assetsStart of year $0$65,527
Part XI · Reconciliation of net assets −$59,473 net assets at year end
XI-1 Total revenue$144,377
XI-2 Total expenses$203,850
XI-3 Revenue less expenses−$59,473
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$59,473

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

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