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Nonprofiteer
← TEC CENTRO FOUNDATION

Form 990 for tax year 2024

Filed by TEC CENTRO FOUNDATION.

Totals

Total revenue
$50,952
Total expenses
$6,694
Contributions and grants received
$29,500
Grants paid
$0
Program service revenue
$0
Investment income
$21,452
Other revenue
$0
Total assets, end of year
$714,425
Total liabilities, end of year
$183,358
Net assets or fund balances, end of year
$531,067
Program services expenses (Part IX)
$0
Management and general expenses
$6,694
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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.

  • 1d · Related organizations

    $27,000

  • 1f · All other contributions, gifts and grants

    $2,500

  • 3 · Investment income

    total $18,708 · excluded $18,708

  • 7a · Gross sales of assets other than inventory

    securities $2,744

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

    securities $0

  • 7c · Gain or loss

    securities $2,744

  • 7d · Net gain or loss

    total $2,744 · excluded $2,744

Functional expenses

Part IX, the statement of functional expenses.

  • 11f · Fees: investment management

    total $6,694 · management and general $6,694

Balance sheet

Part X, book values.

  • 4 · Accounts receivable

    beginning of year $25,000 · end of year $25,000

  • 11 · Investments: publicly traded securities

    beginning of year $598,811 · end of year $689,425

  • 25 · Other liabilities

    beginning of year $183,358 · end of year $183,358

  • 27 · Net assets without donor restrictions

    beginning of year -$51,300 · end of year $9,814

  • 28 · Net assets with donor restrictions

    beginning of year $491,753 · end of year $521,253

Mission and programs · 2024

Mission

TEC CENTRO FOUNDATION'S MISSION IS TO SUPPORT THE SPANISH AMERICAN CIVIC ASSOCIATION AND TEC CENTRO.

Activities or mission (Part I)

TO FOCUS ON ITS SUPPORTED ORGANIZATION SACA AND THE BILINGUAL TECHNICAL SCHOOL, TEC CENTRO.

  • TEC CENTRO FOUNDATION'S PROGRAM SERVICES FOCUS ON ITS SUPPORTED ORGANIZATION SPANISH AMERICAN CIVIC ASSOCIATION AND THE BILINGUAL TECHNICAL TRAINING SCHOOL, TEC CENTRO.

As filed on the 2024 return.

Listed in Part VII

  • Kyle Amor

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Ted Darcus

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Robert Frankhouser Jr

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Lydia Walker

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Jose Lopez

    PRESIDENT & CEO

    Total calculated
    $263,486
    From this org
    $0
    From related orgs
    $214,536
    Other
    $48,950
    Hours/week
    1 + 18 related

    Schedule J breakdown matched by us

    Base
    $0 + $214,536 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $6,720 related
    Nontaxable benefits
    $0 + $42,230 related
    Filer's total
    $0 + $263,486 related
  • Carlos Graupera

    BOARD MEMBER (UNTIL 12/24)

    Total calculated
    $0
    Hours/week
    1
  • Rosa Graupera

    CFO (UNTIL 12/24)

    Total calculated
    $187,955
    From this org
    $0
    From related orgs
    $132,902
    Other
    $55,053
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $132,902 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $5,868 related
    Nontaxable benefits
    $0 + $49,185 related
    Filer's total
    $0 + $187,955 related

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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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)

PART I, LINE 3
OFFICERS ARE PAID BY A RELATED ORGANIZATION. COMPENSATION IS DETERMINED BY A COMPENSATION COMMITTEE, FORM 990 OF OTHER ORGANIZATIONS AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.

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

No itemized grants to organizations 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.

Provenance

Return type
form_990
Tax year
2024
Filed
14 May 2026
IRS schema version
2024v5.5
Source object
202601349349309120

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