Fsa Scholarship Foundation FY2022 filing

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Fsa Scholarship Foundation is committed to promoting careers and developing community leaders for the retail food industry by annually rewarding scholarships to graduating high school students and adults working in texas food stores. These scholarships are funded through partnerships with local retailers and through special events sponsored by the Fsa Scholarship Foundation. I.e. Partnership luncheons annual Scholarship banquet and annual golf tournament

501(c)(3) charity; gifts are tax-deductible.
72¢ of each $1 spent went to programs.
$24K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 6
filings with a surplus
Average deficit $5K a year · 9% of revenue · last 6 filings
Concern: a surplus in 2 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$24K
to officers and key staff · 36% of spending
Concern: pay to officers and key staff is 36% of spending; over 30%.
Pt VII · Sec A
42 mo
of spending, in cash
Looks good: 41.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $15K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$61K
27% of total assets
Looks good: liabilities are 27% of assets; 50% or less.
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
$56K
-44% vs prior year
Spent
$65K
To programs
72%
Net assets
$166K
By yearFY2020–FY2025
Revenue
$56K
FY2022▼ -44%
Tap a bar for its year
Revenue by fiscal year
FY2020$100K
FY2021$100K
FY2022$56K
FY2023$53K
FY2024$25K
FY2025$20K
Expenses
$65K
FY2022▲ +11%
Tap a bar for its year
Expenses by fiscal year
FY2020$97K
FY2021$59K
FY2022$65K
FY2023$58K
FY2024$31K
FY2025$78K
Net assets
$166K
FY2022▼ -5%
Tap a bar for its year
Net assets by fiscal year
FY2020$134K
FY2021$175K
FY2022$166K
FY2023$161K
FY2024$155K
FY2025$97K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2002.

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

Where the money goes

72 cents of each dollar spent went to programs.

Program services 72% · $47K Management & general 49% · $32K

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

9 people listed on the 990; $24K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$23,865Pt VII · Sec A
VP Golf Classic
$0Pt VII · Sec A
Director Golf Classic
$0Pt VII · Sec A
Director Fundraising Events
$0Pt VII · Sec A
President
$0Pt VII · Sec A
VP Vendor Membership
$0Pt VII · Sec A
Director Scholarship Program
$0Pt VII · Sec A
Asst Director Scholarship Program
$0Pt VII · Sec A

Veronica Diaz’s $17K as Executive Director is at the 53rd percentile of top reported officer pay among 146 <$100K education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
April Fuchs——$17,400$23,865$17,490$17,940
Veronica Diaz$17,130—————
Hillary Pennartz—$11,272$3,885———
Cindy Taylor$6,081—————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Fsa Scholarship Foundation 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

Awards scholarships to Texas students and adults pursuing retail food industry careers.

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1 program · $47K · in their own filed words · FY2022
01

Fsa scholarship foundation is committed to promoting careers and developing community leaders for the retail food industry by annually rewarding scholarships to graduating high school students and adults working in texas food stores.

$47Kprogram expense

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 · FY2020
Total grants receivedfrom 1 funder$15K
Grants paid · 5 grants · $180K · 2020–2025
Unitemized GrantFY2025$30,000
Unitemized GrantFY2023$25,000
Unitemized GrantFY2022$30,000
Unitemized GrantFY2021$29,500
Unitemized GrantFY2020$65,000

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$56K
Ln 12
Gifts and grantsLn 1h$93K
Investment incomeLn 3$33
Money outPt IX
$65K
Ln 25
Programscol B$47K
Managementcol C$32K
Owns and owesPt X
$166K
net assets · Ln 32
Cash and savingsLn 1–2$227K
Total assetsLn 16$227K
LiabilitiesLn 26$61K
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$93K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$40K
Investment incomeLn 3$33
Gains on assetsLn 7$0
Total revenueLn 12$56K
Assets in detailPt X, end of year
CashLn 1$176K
SavingsLn 2$50K
Cash and savings togetherLn 1–2$227K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$227K
LiabilitiesLn 26$61K
Net assetsLn 32$166K
OperationsPt I, VI
EmployeesI 50
VolunteersI 640
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
EndowmentSch D · Pt V
LineFY22FY21FY20FY19FY18
End of yearLn 1g$793$16K$16K$16K$16K
Given inLn 1b$0$0$0$0$0
SpentLn 1d–1f$15K$0$0$0$0
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$255K$227K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$255K$227K
LiabilitiesLn 26$80K$61K
Net assetsLn 32$175K$166K
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$30K$30K
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$24K$16K$8K$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$0$0$0$0
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$0$0$0$0
Payroll taxesLn 10$0$0$0$0
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$0$0$0$0
Accounting feesLn 11c$6K$0$6K$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$0$0$0$0
Other fees for servicesLn 11g$0$0$0$0
Advertising and promotionLn 12$0$0$0$0
Office expensesLn 13$1K$0$1K$0
Information technologyLn 14$0$0$0$0
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$0$0$0$0
TravelLn 17$885$885$0$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$0$0$0$0
InterestLn 20$0$0$0$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$0$0$0$0
InsuranceLn 23$667$0$667$0
Other expenses (24a–d)Ln 24$1K$0$1K$0
All other expensesLn 24e$2K$0$15K$0
Total functional expensesLn 25$65K$47K$32K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 6, 2026 $20K$78K−$58K$97K 990 PDF
FY2024Filed with the IRS Apr 29, 2025 $25K$31K−$6K$155K 990 PDF
FY2023Filed with the IRS May 6, 2024 $53K$58K−$5K$161K 990 PDF
FY2022 ViewingFiled with the IRS May 8, 2023 $56K$65K−$9K$166K 990 PDF
FY2021Filed with the IRS May 12, 2022 $100K$59K$41K$175K 990 PDF
FY2020Filed with the IRS May 10, 2021 $100K$97K$4K$134K 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 FY2022 990 (6 parts)
Part I · Summary $56,370 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $99,705$92,997
I-9 Program service revenuePrior year $1,000$0
I-10 Investment incomePrior year $35$33
I-11 Other revenuePrior year −$432−$36,660
I-12 Total revenuePrior year $100,308$56,370
I-13 Grants and similar amounts paidPrior year $29,500$30,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $17,490$23,865
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $12,159$11,524
I-18 Total expensesPrior year $59,149$65,389
I-19 Revenue less expensesPrior year $41,159−$9,019
Part VI · Governance 8 of 8 board members independent, 1 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $56,370 across 16 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$39,600
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$53,397
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$92,997
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $33$33
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0−$36,660
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $33$56,370
Part IX · Statement of functional expenses $65,389 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $30,000$30,000
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $15,975 · Management $7,890 · Fundraising $0$23,865
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $0 · Management $0 · Fundraising $0$0
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $0 · Management $0 · Fundraising $0$0
IX-10 Payroll taxesPrograms $0 · Management $0 · Fundraising $0$0
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11c Accounting feesPrograms $0 · Management $5,594 · Fundraising $0$5,594
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$0
IX-12 Advertising and promotionPrograms $0 · Management $0 · Fundraising $0$0
IX-13 Office expensesPrograms $0 · Management $1,406 · Fundraising $0$1,406
IX-14 Information technologyPrograms $0 · Management $0 · Fundraising $0$0
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $0 · Management $0 · Fundraising $0$0
IX-17 TravelPrograms $885 · Management $0 · Fundraising $0$885
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $0 · Fundraising $0$0
IX-20 InterestPrograms $0 · Management $0 · Fundraising $0$0
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $0 · Fundraising $0$0
IX-23 InsurancePrograms $0 · Management $667 · Fundraising $0$667
IX-24 Other expenses (24a–d)Programs $0 · Management $1,465 · Fundraising $0$1,465
IX-24e All other expensesPrograms $0 · Management $15,007 · Fundraising $0$1,507
IX-25 Total functional expensesPrograms $46,860 · Management $32,029 · Fundraising $0$65,389
Part X · Balance sheet $226,799 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $204,374$176,447
X-2 Savings and temporary cash investmentsStart of year $50,319$50,352
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $254,693$226,799
X-17 Accounts payable and accrued expensesStart of year $0$0
X-18 Grants payableStart of year $79,886$61,011
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $79,886$61,011
X-27 Net assets without donor restrictionsStart of year $159,265$164,995
X-28 Net assets with donor restrictionsStart of year $15,542$793
X-32 Total net assets or fund balancesStart of year $174,807$165,788
X-33 Total liabilities and net assetsStart of year $254,693$226,799
Part XI · Reconciliation of net assets $165,788 net assets at year end
XI-1 Total revenue$56,370
XI-2 Total expenses$65,389
XI-3 Revenue less expenses−$9,019
XI-4 Net assets at start of year$174,807
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$165,788

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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