Totals
- Total revenue
- $10,902,171
- Total expenses
- $11,074,841
- Contributions and grants received
- $24,055,286
- Grants paid
- $10,976,853
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- -$13,153,115
- Total assets, end of year
- $19,066,083
- Total liabilities, end of year
- $11,232,690
- Net assets or fund balances, end of year
- $7,833,393
- Program services expenses (Part IX)
- $10,977,620
- Management and general expenses
- $54,769
- Fundraising expenses
- $42,452
- Program service expenses (Part III)
- $10,977,620
Program services were 99.1% 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
$21,241,253
-
1d · Related organizations
$2,814,033
-
1f · All other contributions, gifts and grants
$0
-
3 · Investment income
total $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $317,230 · excluded $317,230
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8a · Fundraising events: gross income
$7,649,486
-
8a · Fundraising events: contributions included on line 1c
$21,241,253
-
8b · Fundraising events: direct expenses
$21,119,831
-
8c · Net income from fundraising events
total -$13,470,345 · unrelated business -$86,162 · excluded -$13,384,183
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $10,898,714 · program services $10,898,714
-
2 · Grants to domestic individuals
total $78,139 · program services $78,139
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $6,739 · management and general $6,739
-
11c · Fees: accounting
total $48,030 · management and general $48,030
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $767 · program services $767
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $0
-
24a · Other expenses: CREDIT CARD FEES
total $2,052 · fundraising $2,052
-
24b · Other expenses: BAD DEBT
total $40,400 · fundraising $40,400
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $14,824,995 · end of year $14,447,460
-
2 · Savings and temporary cash investments
beginning of year $0 · end of year $0
-
3 · Pledges and grants receivable
beginning of year $2,940,466 · end of year $4,208,752
-
4 · Accounts receivable
beginning of year $0 · end of year $0
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $27,426 · end of year $90,222
-
10a · Land, buildings and equipment: cost or other basis
$649,535
-
10b · Land, buildings and equipment: accumulated depreciation
$329,886
-
10c · Land, buildings and equipment, net
beginning of year $334,157 · end of year $319,649
-
11 · Investments: publicly traded securities
beginning of year $0 · end of year $0
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $0 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $1,070,600 · end of year $999,200
-
18 · Grants payable
beginning of year $8,353,123 · end of year $9,538,490
-
19 · Deferred revenue
beginning of year $697,258 · end of year $695,000
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $0 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $3,995,460 · end of year $3,883,182
-
28 · Net assets with donor restrictions
beginning of year $4,010,603 · end of year $3,950,211
Mission and programs · 2023
Mission
THE ORGANIZATION'S MISSION IS TO COLLABORATE WITH NONPROFIT PARTNERS ACROSS THE UNITED STATES TO FOSTER IMPROVED QUALITY OF LIFE AND CREATE MEASURABLE IMPACT WHERE UNMET NEEDS EXIST IN COMMUNITIES. IN FURTHERANCE OF THIS MISSION, THE ORGANIZATION WILL CONTRIBUTE FUNDS GENERATED FROM FUNDRAISING THROUGH GOLF AND GOLF-RELATED ACTIVITIES TO ITS TAX-EXEMPT, NON-PROFIT PARTNERS.
Activities or mission (Part I)
THE VALERO FOUNDATION COLLABORATES WITH NON-PROFIT PARTNERS ACROSS THE UNITED STATES TO FOSTER IMPROVED QUALITY OF LIFE AND CREATE MEASURABLE IMPACT WHERE UNMET NEEDS EXIST.
-
The Valero Energy Foundation raises funds for the purposes of making charitable grants to nonprofit organizations that serve, children, adults and families, in the areas of food insecurity and basic needs, virtual education and digital support/laptops to improve access for underserved kids and children living in poverty, child abuse and mental health services, and improved health care services in underserved neighborhoods where Valero Energy has major operations. During the tax year ended September 30, 2024, 358 charities received grants from the Foundation.
Expenses $10,898,714 · Grants $10,898,714
-
The SAFE Fund provides assistance to individuals who have a significant charitable need resulting from an unexpected natural disaster such as a hurricane, tornado or flood, or are experiencing a demonstrable financial hardship related to a home fire, serious illness, or death in the family. Grants are available to affected qualifying current and future employees of Valero Energy Corporation. This fiscal year, several grants were targeted for Hurricane and Tornado Relief. During the tax year ended September 30, 2024, 11 individuals received assistance from the SAFE Fund.
Expenses $78,906 · Grants $78,139
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Seymour BattleSEYMOUR BATTLE
SENIOR VICE PRESIDENT
- Total calculated
- $1,062,655
- From this org
- $0
- From related orgs
- $978,860
- Other
- $83,795
- Hours/week
- 8 + 40 related
Schedule J breakdown matched by us
- Base
- not reported + $313,085 related
- Bonus
- not reported + $318,263 related
- Other
- not reported + $347,512 related
- Deferred
- not reported + $52,055 related
- Nontaxable benefits
- not reported + $31,740 related
- Filer's total
- not reported + $1,062,655 related
-
Kari WaclawczykKARI WACLAWCZYK
CORPORATE SPONSORSHIP OFFICER
- Total calculated
- $487,130
- From this org
- $0
- From related orgs
- $413,950
- Other
- $73,180
- Hours/week
- 10 + 40 related
Schedule J breakdown matched by us
- Base
- not reported + $208,320 related
- Bonus
- not reported + $146,223 related
- Other
- not reported + $59,407 related
- Deferred
- not reported + $49,492 related
- Nontaxable benefits
- not reported + $23,688 related
- Filer's total
- not reported + $487,130 related
-
Laura J VaccaroLAURA J VACCARO
VP
- Total calculated
- $352,440
- From this org
- $0
- From related orgs
- $312,014
- Other
- $40,426
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- not reported + $79,631 related
- Bonus
- not reported + $231,109 related
- Other
- not reported + $1,274 related
- Deferred
- not reported + $33,916 related
- Nontaxable benefits
- not reported + $6,510 related
- Filer's total
- not reported + $352,440 related
-
Jason W FraserJASON W FRASER
EXEC VP/CFO
- Total calculated
- $0
- Hours/week
- 0.75 + 40 related
-
Harminder S BhullarHARMINDER S BHULLAR
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1 + 40 related
-
R Lane RiggsR LANE RIGGS
PRESIDENT, CEO
- Total calculated
- $0
- Hours/week
- 0.25 + 40 related
-
Stephanie A WersellSTEPHANIE A WERSELL
SVP
- Total calculated
- $0
- Hours/week
- 1 + 40 related
-
Ethan A JonesETHAN A JONES
ASSISTANT SECRETARY
- Total calculated
- $0
- Hours/week
- 1.2 + 40 related
-
John P LockeJOHN P LOCKE
VP, TREASURER
- Total calculated
- $0
- Hours/week
- 0.1 + 40 related
-
Gary K SimmonsGARY K SIMMONS
EXEC. VICE PRES. AND COO
- Total calculated
- $0
- Hours/week
- 0.1 + 40 related
-
Cheryl L ThomasCHERYL L THOMAS
SENIOR VICE PRES. AND CIO
- Total calculated
- $0
- Hours/week
- 0.1 + 40 related
-
Richard J WalshRICHARD J WALSH
SVP, GEN COUNSEL, SECRETARY
- Total calculated
- $0
- Hours/week
- 0.1 + 40 related
-
Jude A DworaczykJUDE A DWORACZYK
ASSISTANT SECRETARY
- Total calculated
- $0
- Hours/week
- 0.1 + 40 related
-
Julia R ReinhartJULIA R REINHART
SVP, CHIEF HUMAN RESOURCES OFF
- Total calculated
- $0
- Hours/week
- 0.1 + 40 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
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
Answered no
- 4a · Severance or change-of-control payment
- 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
- THE ORGANIZATION DOES NOT PAY COMPENSATION TO ANY INDIVIDUAL. HOWEVER, THE COMPENSATION FOR THE ORGANIZATION'S EXECUTIVE DIRECTOR IS SET AND PAID BY A RELATED ORGANIZATION. COMPENSATION IS SET BY THE RELATED ORGANIZATION'S HUMAN RESOURCE DEPARTMENT USING THIRD-PARTY NATIONAL SURVEY DATA AND BY COMPARING SIMILAR JOBS IN THE EXTERNAL MARKET WHILE TAKING INTO ACCOUNT THE EMPLOYEE'S EXPERIENCE LEVEL.
- PART I, LINE 4B
- All officers and directors listed on Part VII are eligible to participate in Valero Energy Corporation's (a related organization) supplemental nonqualified retirement plan. The plan permits eligible employees to defer a portion of their salary and/or bonus until separation (i.e. retirement or termination of employment). Under the plan, each year eligible employees are permitted to elect to defer up to 30 percent of their salary and/or 50 percent of their cash bonuses to be earned for services performed during the following year. All amounts credited under the plan are immediately 100 percent vested. No amounts were distributed to non-volunteer officers or directors in the current year.
- PART I, LINE 4C
- All officers and directors listed on Part VII are granted restricted stock in Valero Energy Corporation, a related organization. The restricted stock vests in accordance with individual written agreements between the participants and Valero Energy Corporation. Typically, vesting occurs in equal annual installments over a period of three years, beginning one year after the date of grant. The fair value of each restricted stock share is equal to the market value price of Valero Energy Corporation common stock. Disclosed below are the current year vested amounts for officers and directors who do not serve as volunteers of Valero Energy Foundation. Seymour Battle $283,059 Kari Waclawczyk $ 48,328 Some officers and directors listed on Part VII may also be entitled to receive performance awards from Valero Energy Corporation. Performance awards are issued to certain key employees of Valero Energy Corporation and represent the right to receive shares of common stock upon the achievement of an objective performance measure related to their employment with Valero Energy Corporation. No amounts were awarded to non-volunteer officers or directors during the current year.
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
-
See Attachment 1
$10,823,757
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.
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
SEE ATTACHMENT 2
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
SEE ATTACHMENT 3
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 August 2025
- IRS schema version
- 2023v6.0
- Source object
- 202542249349300649
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.