Teotl Foundation INC FY2023 filing

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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.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

Before you give

FY2023 · 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
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$88K
-40% vs prior year
Spent
$88K
To programs
0%
Net assets
$0
By yearFY2022–FY2024
Revenue
$88K
FY2023▼ -40%
Tap a bar for its year
Revenue by fiscal year
FY2022$146K
FY2023$88K
FY2024$144K
Expenses
$88K
FY2023▼ -4%
Tap a bar for its year
Expenses by fiscal year
FY2022$91K
FY2023$88K
FY2024$204K
Net assets
$0
FY2023▼ -100%
Tap a bar for its year
Net assets by fiscal year
FY2022$55K
FY2023$0
FY2024−$59K

From the FY2023 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

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

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Teotl Foundation INC executive salaries →

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.

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1 program · in their own filed words · FY2023
01

The foundation works with children from the hispanic community supporting in various cultural aspects including the teaching of the traditional mexican activity of the charreria

Pt IX · col B

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$88K
Ln 12
Gifts and grantsLn 1h$88K
Money outPt IX
$88K
Ln 25
Owns and owesPt X
$0
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$88K
Gains on assetsLn 7$0
Total revenueLn 12$88K
Assets in detailPt X, end of year
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$0
LiabilitiesLn 26$0
Net assetsLn 32$0
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 FY23End FY23
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$55K$0
LiabilitiesLn 26$0$0
Net assetsLn 32$55K$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Depreciation, depletion and amortizationLn 22$0
Other expenses (24a–d)Ln 24$20K
All other expensesLn 24e$67K$0$0$0
Total functional expensesLn 25$88K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS May 7, 2025 $144K$204K−$59K−$59K 990 PDF
FY2023 ViewingFiled with the IRS Sep 16, 2024 $88K$88K$150$0 990 PDF
FY2022Filed with the IRS Sep 16, 2024 $146K$91K$55K$55K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $87,919 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $145,984$87,919
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $145,984$87,919
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefits$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $91,077$87,769
I-18 Total expensesPrior year $91,077$87,769
I-19 Revenue less expensesPrior year $54,907$150
Part VI · Governance 3 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
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 $87,919 across 6 lines filed
VIII-1f All other contributions, gifts and grants$2
VIII-1h Total contributions, gifts and grants$87,919
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-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$87,919
Part IX · Statement of functional expenses $87,769 across 3 lines filed
IX-22 Depreciation, depletion and amortization$0
IX-24 Other expenses (24a–d)$20,495
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$67,274
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$87,769
Part X · Balance sheet $0 assets, 5 lines filed
X-10c Land, buildings and equipment, netStart of year $0$0
X-16 Total assetsStart of year $54,907$0
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $54,907$0
X-33 Total liabilities and net assetsStart of year $54,907$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$87,919
XI-2 Total expenses$87,769
XI-3 Revenue less expenses$150
XI-4 Net assets at start of year$54,907
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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