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Sarma Charitable Foundation EIN 84-2840376

Sarma Charitable Foundation

EIN  84-2840376 Private foundation / grantmaker San Antonio, TX
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Size
$100K–1M
What they do
A private foundation based in San Antonio, TX. It reported about $202K in revenue for 2024.
Leadership
Jerry Reavis · Director
Money in and out
$202K revenue, $587K expenses
Bottom line
—

A private foundation based in San Antonio, TX. It reported about $202K in revenue for 2024. For fiscal year 2024 it reported $202K in revenue, $587K in expenses, and $2.0M in net assets.Pt I

Grants paid & assets · FY2024
Total revenue
$202K
Pt VIII · Ln 12
Total expenses
$587K
Pt IX · Ln 25
Net assets
$2.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$385K
Total assets
2.0M
deployed as grants and operations
Grants paid
298K
in FY2024
Grants made
26grants
total in period
Payout rate
15%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 26 grants · $298K · 2024–2024
American Red CrossFY2024$85,000
Blessed Angels CommunityFY2024$50,000
Valero Energy FoundationFY2024$38,000
Guadalupe Regional Med FoundationFY2024$25,000
University of TexasFY2024$20,000
Texas A&m University San AntonioFY2024$15,000
University of Texas at San AntonioFY2024$10,000
Spurs GiveFY2024$10,000
San Antonio Bowl AssnFY2024$7,500
Arbor CircleFY2024$7,000
Valero Texas OpenFY2024$5,150
Texas State UniversityFY2024$5,000
St Mary's UniveristyFY2024$5,000
Ssfcu Charitable FoundationFY2024$4,000
Oak Hills FoundationFY2024$2,746
Ronald McDonald House CharitiesFY2024$2,050
San Antonio Food BankFY2024$1,400
Jackson Hlth Foundations Guardian AngelsFY2024$1,000
See all 26 grants →

Grantmaking Profile

Patterns in foundation giving
Average grantPart XV$11K
Median grantPart XV$5K
Largest grantPart XV$85K

Summary of the Filing

Part I · fiscal year 2024 · Form 990-PF
Revenue
$202K
FY2024▼ -11%
Expenses
$587K
FY2024▲ +19%
Total assets
$2.0M
FY2024▼ -16%
Total liabilities
$3K
FY2024▼ -11%
Total revenue
$202K
Pt VIII · Ln 12
Total expenses
$587K
Pt IX · Ln 25
Net assets
$2.0M
Pt X · Ln 32
Total assetsPt II$2.0M

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSarma Charitable Foundation
EINHdr · item D84-2840376
Principal addressHdr · item CSan Antonio, TX
WebsiteHdr · item Jwww.sarmacharitablefoundation.org
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T20)
Ruling yearIRS BMFJun 2020

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a—
Whistleblower policyPt VI · Ln 13—
Document retention policyPt VI · Ln 14—
CEO/top-official compensation independently reviewedPt VI · Ln 15a—
Family or business relationships among officers/directorsPt VI · Ln 2—

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Jerry Reavis
Director
$0Pt VII · Sec A
Diann Bonnin
Director
$0Pt VII · Sec A
David Holmes
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Linda Stolte
Director/Vice-Chairman
$0Pt VII · Sec A
George Karutz
Director/Chairman
$0Pt VII · Sec A
Bob Benavides
Ex-Officio/President/CEO
$0Pt VII · Sec A
Anais Campos
Ex-Officio/Treasurer/Secretary
$0Pt VII · Sec A
See Sarma Charitable Foundation executive salaries →

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Statement of Revenue

Part VIII
Investment income100%$202K
Total revenueLn 12$202K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.51 Operating & administrative $0.49
Grants & contributions paid51%$298K
Operating & administrative49%$289K
Total functional expensesLn 25$587K

Balance Sheet

Part X · end of year
CashLn 1$74K
Total assetsLn 16$2.0M
Total liabilitiesLn 26$3K
Total net assetsLn 32$2.0M
Months of cash on handcomputed1.5

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $2.0M
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $202K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $202K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $202K · Prior year $227K
-11%
Revenue CAGR
FY2020 $4.0M · FY2024 $202K
-52%
Net-asset trend (YoY)
End of year $2.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $202K · Expenses $587K
-190%
Liabilities-to-Assets
Total liabilities — · Total assets $2.0M
—
Net-asset ratio
Net assets $2.0M · Total assets $2.0M
100%
People & payroll
Highest Reported Total Compensation
Individual Jerry Reavis · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $587K
0%
Personnel share
not reported
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth -11%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$227K revenue · ⤓ 990 PDF
FY2023$172K revenue · ⤓ 990 PDF
FY2022$253K revenue · ⤓ 990 PDF
FY2021$4.0M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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