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Nonprofiteer
← SAN ANGELO AREA FOUNDATION

Form 990 for tax year 2023

Filed by SAN ANGELO AREA FOUNDATION.

Totals

Total revenue
$25,016,285
Total expenses
$15,433,939
Contributions and grants received
$17,557,972
Grants paid
$13,459,436
Program service revenue
$0
Investment income
$7,344,903
Other revenue
$113,410
Total assets, end of year
$241,441,918
Total liabilities, end of year
$73,484,256
Net assets or fund balances, end of year
$167,957,662
Program services expenses (Part IX)
$13,823,632
Management and general expenses
$1,073,363
Fundraising expenses
$536,944
Program service expenses (Part III)
$13,823,632

Program services were 89.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $17,557,972

  • 1g · Noncash contributions included above

    $2,548,846

  • 3 · Investment income

    total $6,726,411 · excluded $6,726,411

  • 6a · Gross rents

    real property $214,178

  • 6b · Less rental expenses

    real property $100,768

  • 6c · Rental income or loss

    real property $113,410

  • 6d · Net rental income or loss

    total $113,410 · excluded $113,410

  • 7a · Gross sales of assets other than inventory

    securities $15,075,243

  • 7b · Less cost or other basis and sales expenses

    securities $14,456,751

  • 7c · Gain or loss

    securities $618,492

  • 7d · Net gain or loss

    total $618,492 · excluded $618,492

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $9,161,509 · program services $9,161,509

  • 2 · Grants to domestic individuals

    total $4,297,927 · program services $4,297,927

  • 5 · Compensation of officers, directors and key employees

    total $231,080 · program services $46,216 · management and general $138,648 · fundraising $46,216

  • 7 · Other salaries and wages

    total $510,000 · program services $140,000 · management and general $169,000 · fundraising $201,000

  • 8 · Pension plan contributions

    total $99,069 · program services $24,894 · management and general $41,127 · fundraising $33,048

  • 9 · Other employee benefits

    total $77,155 · program services $19,387 · management and general $32,030 · fundraising $25,738

  • 10 · Payroll taxes

    total $52,298 · program services $13,141 · management and general $21,711 · fundraising $17,446

  • 11b · Fees: legal

    total $4,500 · management and general $4,500

  • 11c · Fees: accounting

    total $40,086 · management and general $40,086

  • 11f · Fees: investment management

    total $451,470 · management and general $451,470

  • 12 · Advertising and promotion

    total $42,329 · fundraising $42,329

  • 13 · Office expenses

    total $15,025 · program services $3,776 · management and general $6,238 · fundraising $5,011

  • 14 · Information technology

    total $108,186 · program services $27,184 · management and general $44,912 · fundraising $36,090

  • 16 · Occupancy

    total $74,825 · program services $27,867 · management and general $10,022 · fundraising $36,936

  • 17 · Travel

    total $21,617 · program services $5,432 · management and general $8,974 · fundraising $7,211

  • 19 · Conferences, conventions and meetings

    total $54,612 · program services $13,723 · management and general $22,671 · fundraising $18,218

  • 22 · Depreciation, depletion and amortization

    total $140,427 · program services $31,742 · management and general $59,634 · fundraising $49,051

  • 23 · Insurance

    total $8,804 · program services $2,212 · management and general $3,655 · fundraising $2,937

  • 24a · Other expenses: DUES AND MEMBERSHIPS

    total $34,312 · program services $8,622 · management and general $14,244 · fundraising $11,446

  • 24b · Other expenses: BANK CHARGES

    total $8,708 · management and general $4,441 · fundraising $4,267

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,817,096 · end of year $5,936,616

  • 2 · Savings and temporary cash investments

    beginning of year $3,704,866 · end of year $1,779,320

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,278 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $8,185,172

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,181,826

  • 10c · Land, buildings and equipment, net

    beginning of year $5,473,084 · end of year $7,003,346

  • 11 · Investments: publicly traded securities

    beginning of year $176,419,809 · end of year $212,529,057

  • 12 · Investments: other securities

    beginning of year $11,624,499 · end of year $14,139,496

  • 15 · Other assets

    beginning of year $56,555 · end of year $54,083

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,960 · end of year $2,069

  • 18 · Grants payable

    beginning of year $3,863,773 · end of year $3,922,973

  • 25 · Other liabilities

    beginning of year $58,660,832 · end of year $69,559,214

  • 27 · Net assets without donor restrictions

    beginning of year $2,721,256 · end of year $3,079,859

  • 28 · Net assets with donor restrictions

    beginning of year $139,849,366 · end of year $164,877,803

Mission and programs · 2023

Mission

THE MISSION OF THE SAN ANGELO AREA FOUNDATION IS TO BUILD A LEGACY OF PHILANTHROPY BY ATTRACTING AND PRUDENTLY MANAGING ENDOWED GIFTS IN ORDER TO MATCH DONOR INTEREST WITH COMMUNITY NEEDS OF THE AREA.

Activities or mission (Part I)

MANAGING ENDOWED GIFTS IN ORDER TO MATCH DONOR INTERESTS WITH COMMUNITY NEEDS OF THE AREA.

  • GRANTS TO VARIOUS QUALIFIED 501 (C)(3) ORGANIZATIONS, OR OTHER QUALIFIED ENTITIES LIKE GOVERNMENTAL ORGANIZATIONS, COLLEGES, UNIVERSITIES AND RELIGIOUS ENTITIES, FOR QUALIFIED CHARITABLE PURPOSES. GRANTS ARE MADE FROM COMPONENT FUNDS WHICH ARE DESIGNATED PURPOSE FUNDS, DONOR-ADVISED FUNDS, FIELD OF INTEREST FUNDS AND UNRESTRICTED FUNDS, AND ARE BASED ON AN UNDERLYING GIFT AGREEMENT, WHICH REQUIRE THE BOARD OF DIRECTORS APPROVAL OF SAID GRANTS.

    Expenses $13,823,632 · Grants $13,459,436

As filed on the 2023 return.

Listed in Part VII

  • Camille Yale

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Jay Boyd

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Patrick Shannon

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Fred Hernandez

    PAST CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Brady Johnson

    EXECUTIVE COMMITTEE

    Total calculated
    $0
    Hours/week
    2

  • Jeffrey Bozeman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Jon Bailey

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Ronnie D Hawkins Jr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • James Huffman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Flor Leos Madero

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Shelley New

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Gayla Thornton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Jane Richardson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Sharanda El Masri

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Drew Wallace

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Matt Lewis

    PRESIDENT & CEO

    Total calculated
    $304,501
    From this org
    $231,080
    From related orgs
    $0
    Other
    $73,421
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $231,080
    Bonus
    $0
    Other
    $0
    Deferred
    $68,621
    Nontaxable benefits
    $4,800
    Filer's total
    $304,501

  • Brianne Killam

    FINANCE VP

    Total calculated
    $114,000
    From this org
    $114,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Janet Karcher

    MARKETING VP

    Total calculated
    $114,000
    From this org
    $114,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, LINE I, COLUMN C
SCHEDULE J PART I QUESTION 4(B) SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN: MATT LEWIS, $54,756 DEFERRED COMPENSATION AND $13,080 EMPLOYER 401K MATCH.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
6 November 2024
IRS schema version
2023v5.1
Source object
202443119349303444

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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