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Nonprofiteer
← TELACU EDUCATION FOUNTATION

Form 990 for tax year 2024

Filed by TELACU EDUCATION FOUNTATION.

Totals

Total revenue
$3,852,000
Total expenses
$4,340,099
Contributions and grants received
$4,106,864
Grants paid
$760,616
Program service revenue
$0
Investment income
$65,485
Other revenue
-$320,349
Total assets, end of year
$3,524,667
Total liabilities, end of year
$773,118
Net assets or fund balances, end of year
$2,751,549
Program services expenses (Part IX)
$3,837,587
Management and general expenses
$502,512
Fundraising expenses
$0
Program service expenses (Part III)
$3,837,587

Program services were 88.4% 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.

  • 1c · Fundraising events

    $412,735

  • 1e · Government grants (contributions)

    $2,107,485

  • 1f · All other contributions, gifts and grants

    $1,586,644

  • 3 · Investment income

    total $65,485 · excluded $65,485

  • 8a · Fundraising events: gross income

    $127,273

  • 8a · Fundraising events: contributions included on line 1c

    $412,735

  • 8b · Fundraising events: direct expenses

    $447,681

  • 8c · Net income from fundraising events

    total -$320,408 · excluded -$320,408

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $59 · excluded $59

  • 11e · Other revenue, total

    $59

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $760,616 · program services $760,616

  • 7 · Other salaries and wages

    total $2,036,636 · program services $1,725,783 · management and general $310,853

  • 8 · Pension plan contributions

    total $19,090 · program services $13,092 · management and general $5,998

  • 9 · Other employee benefits

    total $310,539 · program services $272,169 · management and general $38,370

  • 10 · Payroll taxes

    total $153,143 · program services $134,495 · management and general $18,648

  • 11a · Fees: management

    total $23,000 · program services $23,000

  • 11g · Fees: other

    total $16,856 · program services $10,856 · management and general $6,000

  • 12 · Advertising and promotion

    total $47,678 · program services $24,620 · management and general $23,058

  • 13 · Office expenses

    total $64,861 · program services $54,048 · management and general $10,813

  • 16 · Occupancy

    total $16,505 · program services $15,180 · management and general $1,325

  • 22 · Depreciation, depletion and amortization

    total $63,291 · program services $61,906 · management and general $1,385

  • 23 · Insurance

    total $23,818 · management and general $23,818

  • 24a · Other expenses: STUDENT MATERIALS

    total $492,382 · program services $492,382

  • 24b · Other expenses: FACILITY & MEALS

    total $166,597 · program services $166,597

  • 24c · Other expenses: GENERAL & ADMINISTRATIV

    total $145,087 · program services $82,843 · management and general $62,244

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,064,601 · end of year $864,672

  • 2 · Savings and temporary cash investments

    beginning of year $1,856,686 · end of year $1,921,283

  • 4 · Accounts receivable

    beginning of year $676,513 · end of year $592,098

  • 9 · Prepaid expenses and deferred charges

    beginning of year $71,497 · end of year $36,342

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

    $599,220

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

    $556,806

  • 10c · Land, buildings and equipment, net

    beginning of year $94,822 · end of year $42,414

  • 15 · Other assets

    beginning of year $49,421 · end of year $67,858

  • 17 · Accounts payable and accrued expenses

    beginning of year $557,405 · end of year $623,365

  • 19 · Deferred revenue

    beginning of year $7,924 · end of year $148,030

  • 25 · Other liabilities

    beginning of year $8,563 · end of year $1,723

  • 27 · Net assets without donor restrictions

    beginning of year $1,479,431 · end of year $1,181,265

  • 28 · Net assets with donor restrictions

    beginning of year $1,760,217 · end of year $1,570,284

Listed in Part VII

  • MICHAEL LIZARRAGA

    PRESIDENT/DIR

    Total calculated
    $2,334,043
    From this org
    $0
    From related orgs
    $2,292,957
    Other
    $41,086
    Hours/week
    0.1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $584,317 related
    Bonus
    $0 + $1,700,000 related
    Other
    $0 + $8,640 related
    Deferred
    $0 + $6,100 related
    Nontaxable benefits
    $0 + $34,986 related
    Filer's total
    $0 + $2,334,043 related

  • DAVID LIZARRAGA

    DIRECTOR

    Total calculated
    $1,023,588
    From this org
    $0
    From related orgs
    $999,812
    Other
    $23,776
    Hours/week
    1.5 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $891,172 related
    Bonus
    $0 + $100,000 related
    Other
    $0 + $8,640 related
    Deferred
    $0 + $6,100 related
    Nontaxable benefits
    $0 + $17,676 related
    Filer's total
    $0 + $1,023,588 related

  • PRISCILLA LIZARRAGA

    VP/SECR/TREAS/DIR

    Total calculated
    $393,814
    From this org
    $0
    From related orgs
    $369,572
    Other
    $24,242
    Hours/week
    0.1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $244,572 related
    Bonus
    $0 + $125,000 related
    Other
    $0
    Deferred
    $0 + $6,100 related
    Nontaxable benefits
    $0 + $18,142 related
    Filer's total
    $0 + $393,814 related

  • JAMES HODGES

    DIRECTOR

    Total calculated
    $36,000
    From this org
    $0
    From related orgs
    $36,000
    Other
    $0
    Hours/week
    1 + 0.1 related

  • CARMEN O PEREZ

    DIRECTOR

    Total calculated
    $20,000
    From this org
    $0
    From related orgs
    $20,000
    Other
    $0
    Hours/week
    1 + 0.1 related

  • KRISTIE HERNANDEZ

    DIRECTOR

    Total calculated
    $10,000
    From this org
    $0
    From related orgs
    $10,000
    Other
    $0
    Hours/week
    1 + 0.1 related

  • FIDEL GOMEZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 0.1 related

  • LAUREN LIZARRAGA GRAY

    SENIOR VP

    Total calculated
    $225,581
    From this org
    $190,959
    From related orgs
    $0
    Other
    $34,622
    Hours/week
    48

    Schedule J breakdown matched by us

    Base
    $150,959
    Bonus
    $40,000
    Other
    $0
    Deferred
    $1,000
    Nontaxable benefits
    $33,622
    Filer's total
    $225,581

  • LILIAN S GONZALEZ

    PROGRAM DIRECTOR

    Total calculated
    $126,022
    From this org
    $114,771
    From related orgs
    $0
    Other
    $11,251
    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

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 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 4B
ADDITIONAL COMPENSATION DISCLOSURE--MICHAEL LIZARRAGA IN ADDITION TO THE $30,500 401(K) PLAN, THE PRESIDENT WILL RECEIVE AN EXECUTIVE RETIREMENT BENEFIT PAYABLE UPON RETIREMENT OF $175,000 A YEAR FOR LIFE FROM A RELATED ORGANIZATION. AS OF 12/31/2024, MR. LIZARRAGA WAS 70% VESTED IN THE BENEFIT. IN ADDITION, MR. LIZARRAGA WILL RECEIVE DEFERRED COMPENSATION LUMP SUM PAYMENT WITH A CURRENT VALUE OF APPROXIMATELY $159,278. AS OF 12/31/2024, MR. LIZARRAGA WAS 100% VESTED.

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2024
Filed
3 November 2025
IRS schema version
2024v5.2
Source object
202543149349303479

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