Marlin Legacy Foundation

Tax-deductible

Port Aransas, TX501(c)(3)EducationEIN 88-1506577

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To facilitate financial support for the port aransas isd educators and staff to ensure academic success of current and future marlins.

501(c)(3) charity; gifts are tax-deductible.
97¢ of each $1 spent went to programs.
Run by 30 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 surplus $9K a year · 3% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.9 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $20K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$368K
+17% vs prior year
Spent
$361K
To programs
97%
Net assets
$26K
By yearFY2022–FY2024
Revenue
$368K
FY2024▲ +17%
Revenue by fiscal year
FY2022$176K
FY2023$314K
FY2024$368K
Expenses
$361K
FY2024▲ +12%
Expenses by fiscal year
FY2022$149K
FY2023$322K
FY2024$361K
Net assets
$26K
FY2024▲ +34%
Net assets by fiscal year
FY2022$27K
FY2023$19K
FY2024$26K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2022.

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

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $350K Management & general 3% · $11K

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
President
$0Pt VII · Sec A
Secretary / Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Marlin Legacy 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 Port Aransas ISD educators and staff for student academic success.

Provided by the organization

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1 program service account for $350K of program spending, described in the organization's own filed words · FY2024.
01

Raising funds for "non-essential" education purposes to free up the port aransas isd budget

$350Kprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$20K
Grants paid · 3 grants · $800K · 2022–2024
Port Aransas Independent School DistrictFY2024$350,000
Port Aransas Independent School DistrictFY2023$313,000
Port Aransas Independent School DistrictFY2022$137,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$368K
Ln 12
Gifts and grantsLn 1h$368K
Money outPt IX
$361K
Ln 25
Programscol B$350K
Managementcol C$11K
Owns and owesPt X
$26K
net assets · Ln 32
Cash and savingsLn 1–2$26K
Total assetsLn 16$26K
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$368K
Total revenueLn 12$368K
Assets in detailPt X, end of year
CashLn 1$26K
Cash and savings togetherLn 1–2$26K
Total assetsLn 16$26K
LiabilitiesLn 26$0
Net assetsLn 32$26K
OperationsPt I, VI
EmployeesI 50
VolunteersI 630
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 FY24End FY24
Cash and savingsLn 1–2$25K$26K
Total assetsLn 16$25K$26K
LiabilitiesLn 26$6K$0
Net assetsLn 32$19K$26K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$350K$350K
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$6K$6K
Advertising and promotionLn 12$2K$2K
Other expenses (24a–d)Ln 24$14$14
Total functional expensesLn 25$361K$350K$11K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $368K$361K$7K$26K 990 PDF
FY2023 $314K$322K−$8K$19K 990 PDF
FY2022 $176K$149K$27K$27K 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 $367,524 across 3 lines filed
VIII-1f All other contributions, gifts and grants$367,524
VIII-1h Total contributions, gifts and grants$367,524
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$367,524
Part IX · Statement of functional expenses $360,989 across 5 lines filed
IX-1 Grants to domestic organizationsPrograms $350,000$350,000
IX-11b Legal feesManagement $3,000$3,000
IX-11c Accounting feesManagement $6,365$6,365
IX-12 Advertising and promotionManagement $1,610$1,610
IX-24 Other expenses (24a–d)Management $14$14
IX-25 Total functional expensesPrograms $350,000 · Management $10,989 · Fundraising $0$360,989
Part X · Balance sheet $25,685 assets, 5 lines filed
X-1 Cash, non-interest-bearingStart of year $25,150$25,685
X-16 Total assetsStart of year $25,150$25,685
X-26 Total liabilitiesStart of year $6,000$0
X-32 Total net assets or fund balancesStart of year $19,150$25,685
X-33 Total liabilities and net assetsStart of year $25,150$25,685
Part XI · Reconciliation of net assets $25,685 net assets at year end
XI-1 Total revenue$367,524
XI-2 Total expenses$360,989
XI-3 Revenue less expenses$6,535
XI-4 Net assets at start of year$19,150
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$25,685

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

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