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Alterman Foundation FY2023 filing

Tax-deductible

Live Oak, TX501(c)(3)Foundations & Grantmakers EIN 83-4656552Revenue $120K in FY2023

On file with the IRS7805 N Loop 1604 E, 78233-2963 · Live Oak, TXTax-exempt since Jan 2023Publicly supported charity — 170(b)(1)(A)(vi)

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The Foundation supports local charities in the community, especially in times of needs such as hurricanes or other natural disasters.

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

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
0 of 3
filings with a surplus
Average deficit $21K a year · 14% of revenue · last 3 filings
Concern: a surplus in 0 of the last 3 filings.
Pt I · Ln 19 · 3 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
1 mo
of spending, in cash
Fine: 1.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
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
$120K
-42% vs prior year
Spent
$158K
To programs
100%
Net assets
$17K
By yearFY2022–FY2024
Revenue
$120K
FY2023▼ -42%
Tap a bar for its year
Revenue by fiscal year
FY2022$208K
FY2023$120K
FY2024$130K
Expenses
$158K
FY2023▼ -28%
Tap a bar for its year
Expenses by fiscal year
FY2022$220K
FY2023$158K
FY2024$143K
Net assets
$17K
FY2023▼ -70%
Tap a bar for its year
Net assets by fiscal year
FY2022$55K
FY2023$17K
FY2024$3K

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 Jan 2023.

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% · $158K Management & general 0% · $382

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

3 people listed on the 990.

Part VII, Section A · reportable compensation
Greg Padalecki
Director/President
$0Pt VII · Sec A
Rod Streets
Director/Treasurer
$0Pt VII · Sec A
Krysti Seibert
Director/Secretary
$0Pt VII · Sec A
See Alterman Foundation 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

Provides financial aid to local charities, especially during natural disasters.

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Provided by the organization

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1 program · $158K · in their own filed words · FY2023
01

The foundation supports local charities in the community, especially in times of needs such as hurricanes or other natural disasters.

$158Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 24 grants · $360K · 2022–2024
Alamo City House RabbitsTX · FY2024$14,000
National Alliance of Mental IllnessTX · FY2024$14,000
Arms of HopeTX · FY2024$14,000
Corazon Ministries INCTX · FY2024$14,000
Pawsitive Rescuers of El PasoTX · FY2024$14,000
Wilson County Adoption and Rescue ServicesTX · FY2024$14,000
The One Hundred Club of San AntonioTX · FY2024$14,000
Silver Sage Hill Country Resource CenterTX · FY2024$14,000
The@traprsTX · FY2023$16,000
Texas FirewalkersTX · FY2023$16,000
Corazon Ministries INCTX · FY2023$16,000
Hope for Heroes TexasTX · FY2023$16,000
Arms of HopeTX · FY2023$16,000
Wilson County Adoption and Rescue ServicesTX · FY2023$16,000
Zapatos INCTX · FY2023$16,000
Alamo Breast Cancer FoundationTX · FY2023$16,000
Corazon Ministries INCTX · FY2022$15,000
Home in a WeekTX · FY2022$15,000
See all 24 grants →

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$120K
Ln 12
Gifts and grantsLn 1h$166K
Money outPt IX
$158K
Ln 25
Programscol B$158K
Managementcol C$382
Owns and owesPt X
$17K
net assets · Ln 32
Cash and savingsLn 1–2$17K
Total assetsLn 16$17K
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$166K
Noncash giftsLn 1g$8K
Fundraising eventsLn 1c$166K
Total revenueLn 12$120K
Assets in detailPt X, end of year
CashLn 1$17K
Cash and savings togetherLn 1–2$17K
Total assetsLn 16$17K
LiabilitiesLn 26$0
Net assetsLn 32$17K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$55K$17K
Total assetsLn 16$55K$17K
LiabilitiesLn 26$0$0
Net assetsLn 32$55K$17K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$158K$158K
Office expensesLn 13$382$382
Total functional expensesLn 25$158K$158K$382$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $130K$143K−$14K$3K 990 PDF
FY2023 Viewing $120K$158K−$38K$17K 990 PDF
FY2022 $208K$220K−$12K$55K 990 PDF

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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 $120,422 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $215,080$165,756
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year −$6,683−$45,334
I-12 Total revenuePrior year $208,397$120,422
I-13 Grants and similar amounts paidPrior year $174,072$158,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $46,216$382
I-18 Total expensesPrior year $220,288$158,382
I-19 Revenue less expensesPrior year −$11,891−$37,960
Part VI · Governance 3 of 3 board members independent, 3 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $120,422 across 5 lines filed
VIII-1c Fundraising events$165,756
VIII-1g Noncash contributions (included above)$7,785
VIII-1h Total contributions, gifts and grants$165,756
VIII-8 Net income from fundraising eventsExcluded from tax −$45,334−$45,334
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax −$45,334$120,422
Part IX · Statement of functional expenses $158,382 across 2 lines filed
IX-1 Grants to domestic organizationsPrograms $158,000$158,000
IX-13 Office expensesManagement $382$382
IX-25 Total functional expensesPrograms $158,000 · Management $382 · Fundraising $0$158,382
Part X · Balance sheet $16,564 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $54,524$16,564
X-16 Total assetsStart of year $54,524$16,564
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $54,524$16,564
X-32 Total net assets or fund balancesStart of year $54,524$16,564
X-33 Total liabilities and net assetsStart of year $54,524$16,564
Part XI · Reconciliation of net assets $16,564 net assets at year end
XI-1 Total revenue$120,422
XI-2 Total expenses$158,382
XI-3 Revenue less expenses−$37,960
XI-4 Net assets at start of year$54,524
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$16,564

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

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