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Nonprofiteer
← SAN ANGELO AREA FOUNDATION

Form 990 for tax year 2025

Filed by SAN ANGELO AREA FOUNDATION.

Totals

Total revenue
$55,338,463
Total expenses
$21,819,617
Contributions and grants received
$34,321,897
Grants paid
$19,240,787
Program service revenue
$0
Investment income
$20,977,252
Other revenue
$39,314
Total assets, end of year
$335,043,682
Total liabilities, end of year
$107,629,703
Net assets or fund balances, end of year
$227,413,979
Program services expenses (Part IX)
$20,568,219
Management and general expenses
$580,309
Fundraising expenses
$671,089
Program service expenses (Part III)
$20,568,219

Program services were 94.3% 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

    $34,321,897

  • 1g · Noncash contributions included above

    $4,249,457

  • 3 · Investment income

    total $14,753,518 · excluded $14,753,518

  • 5 · Royalties

    total $689 · excluded $689

  • 6a · Gross rents

    real property $165,830

  • 6b · Less rental expenses

    real property $127,205

  • 6c · Rental income or loss

    real property $38,625

  • 6d · Net rental income or loss

    total $38,625 · excluded $38,625

  • 7a · Gross sales of assets other than inventory

    securities $76,450,965

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

    securities $70,227,231

  • 7c · Gain or loss

    securities $6,223,734

  • 7d · Net gain or loss

    total $6,223,734 · excluded $6,223,734

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $11,361,441 · program services $11,361,441

  • 2 · Grants to domestic individuals

    total $7,879,346 · program services $7,879,346

  • 5 · Compensation of officers, directors and key employees

    total $256,000 · program services $64,000 · management and general $128,000 · fundraising $64,000

  • 7 · Other salaries and wages

    total $605,000 · program services $188,000 · management and general $160,000 · fundraising $257,000

  • 8 · Pension plan contributions

    total $49,839 · program services $14,587 · management and general $16,671 · fundraising $18,581

  • 9 · Other employee benefits

    total $96,046 · program services $28,111 · management and general $32,127 · fundraising $35,808

  • 10 · Payroll taxes

    total $60,913 · program services $17,828 · management and general $20,375 · fundraising $22,710

  • 11a · Fees: management

    total $5,000 · management and general $5,000

  • 11b · Fees: legal

    total $7,500 · management and general $7,500

  • 11c · Fees: accounting

    total $44,909 · management and general $44,909

  • 11f · Fees: investment management

    total $825,067 · program services $825,067

  • 12 · Advertising and promotion

    total $64,272 · fundraising $64,272

  • 13 · Office expenses

    total $26,528 · program services $7,764 · management and general $8,874 · fundraising $9,890

  • 14 · Information technology

    total $154,051 · program services $45,088 · management and general $51,529 · fundraising $57,434

  • 16 · Occupancy

    total $92,902 · program services $37,065 · management and general $8,623 · fundraising $47,214

  • 17 · Travel

    total $28,420 · program services $8,318 · management and general $9,506 · fundraising $10,596

  • 19 · Conferences, conventions and meetings

    total $65,702 · program services $19,230 · management and general $21,977 · fundraising $24,495

  • 22 · Depreciation, depletion and amortization

    total $143,469 · program services $61,393 · management and general $44,664 · fundraising $37,412

  • 23 · Insurance

    total $9,067 · program services $2,654 · management and general $3,033 · fundraising $3,380

  • 24a · Other expenses: DUES AND MEMBERSHIPS

    total $28,450 · program services $8,327 · management and general $9,516 · fundraising $10,607

  • 24b · Other expenses: BANK CHARGES

    total $15,695 · management and general $8,005 · fundraising $7,690

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,066,200 · end of year $2,548,394

  • 2 · Savings and temporary cash investments

    beginning of year $1,989,814 · end of year $2,036,201

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

    $4,506,310

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

    $1,450,964

  • 10c · Land, buildings and equipment, net

    beginning of year $3,198,815 · end of year $3,055,346

  • 11 · Investments: publicly traded securities

    beginning of year $251,431,047 · end of year $308,325,476

  • 12 · Investments: other securities

    beginning of year $15,512,321 · end of year $19,027,735

  • 15 · Other assets

    beginning of year $51,738 · end of year $50,530

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,925 · end of year $8,183

  • 25 · Other liabilities

    beginning of year $85,577,526 · end of year $107,621,520

  • 27 · Net assets without donor restrictions

    beginning of year $4,480,188 · end of year $5,203,799

  • 28 · Net assets with donor restrictions

    beginning of year $183,190,296 · end of year $222,210,180

Mission and programs · 2025

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 $20,568,219 · Grants $19,240,787

As filed on the 2025 return.

Listed in Part VII

  • Jay Boyd

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Patrick Shannon

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Brady Johnson

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Camille Yale

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Jon Bailey

    EXECUTIVE COMMITTEE

    Total calculated
    $0
    Hours/week
    2

  • Mary Boster

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Jeffrey Bozeman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Sharanda El Masri

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Ronnie D Hawkins Jr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Flor Leos

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Shelley New

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Carlos Robledo

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Gayla Thornton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Drew Wallace

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Troyce Wilcox

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Matt Lewis

    PRESIDENT & CEO

    Total calculated
    $276,160
    From this org
    $256,000
    From related orgs
    $0
    Other
    $20,160
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $256,000
    Bonus
    $0
    Other
    $0
    Deferred
    $15,360
    Nontaxable benefits
    $4,800
    Filer's total
    $276,160

  • Brianne Killam

    CFO

    Total calculated
    $140,000
    From this org
    $140,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Janet Karcher

    MARKETING VP

    Total calculated
    $129,000
    From this org
    $129,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Mason Brooks

    DEVELOPMENT VP

    Total calculated
    $107,000
    From this org
    $107,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Rebecca Wilkins

    PROGRAMS VP

    Total calculated
    $105,000
    From this org
    $105,000
    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, $15,360 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
2025
Filed
2 September 2026
IRS schema version
2025v4.2
Source object
202642549349301569

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

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