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Nonprofiteer
← REY FEO SCHOLARSHIP FOUNDATION

Form 990 for tax year 2024

Filed by REY FEO SCHOLARSHIP FOUNDATION.

Totals

Total revenue
$1,576,275
Total expenses
$892,369
Contributions and grants received
$1,655,824
Grants paid
$625,120
Program service revenue
$0
Investment income
$8,862
Other revenue
-$88,411
Total assets, end of year
$1,312,456
Total liabilities, end of year
$39,400
Net assets or fund balances, end of year
$1,273,056
Program services expenses (Part IX)
$714,270
Management and general expenses
$178,099
Fundraising expenses
$0
Program service expenses (Part III)
$714,270

Program services were 80.0% 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.

  • 1c · Fundraising events

    $32,437

  • 1f · All other contributions, gifts and grants

    $1,623,387

  • 3 · Investment income

    total $8,862 · excluded $8,862

  • 8a · Fundraising events: gross income

    $39,954

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

    $32,437

  • 8b · Fundraising events: direct expenses

    $132,949

  • 8c · Net income from fundraising events

    total -$92,995 · excluded -$92,995

  • 11a · Other revenue: SCHOLARSHIP RETURNED

    total $2,666 · excluded $2,666

  • 11b · Other revenue: REFUND OF DAMAGE DEPOS

    total $1,500 · excluded $1,500

  • 11c · Other revenue: BOOK SALES

    total $384 · excluded $384

  • 11d · All other revenue

    total $34 · excluded $34

  • 11e · Other revenue, total

    $4,584

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $17,120 · program services $17,120

  • 2 · Grants to domestic individuals

    total $608,000 · program services $608,000

  • 5 · Compensation of officers, directors and key employees

    total $60,923 · program services $12,185 · management and general $48,738

  • 10 · Payroll taxes

    total $7,905 · program services $1,581 · management and general $6,324

  • 11b · Fees: legal

    total $93,775 · management and general $93,775

  • 11c · Fees: accounting

    total $8,652 · management and general $8,652

  • 11g · Fees: other

    total $6,366 · program services $1,273 · management and general $5,093

  • 12 · Advertising and promotion

    total $1,940 · program services $1,940

  • 13 · Office expenses

    total $3,092 · program services $618 · management and general $2,474

  • 16 · Occupancy

    total $7,679 · program services $7,679

  • 17 · Travel

    total $1,545 · program services $309 · management and general $1,236

  • 22 · Depreciation, depletion and amortization

    total $6,689 · program services $1,338 · management and general $5,351

  • 23 · Insurance

    total $3,170 · program services $634 · management and general $2,536

  • 24a · Other expenses: REY FEO EXPENSES

    total $44,068 · program services $44,068

  • 24b · Other expenses: FERIA QUEEN EXPENSES

    total $16,545 · program services $16,545

  • 24c · Other expenses: SUBSCRIPTIONS

    total $4,900 · program services $980 · management and general $3,920

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $17,607 · end of year $108,292

  • 2 · Savings and temporary cash investments

    beginning of year $280,668 · end of year $884,645

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

    $361,604

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

    $42,085

  • 10c · Land, buildings and equipment, net

    beginning of year $326,208 · end of year $319,519

  • 17 · Accounts payable and accrued expenses

    beginning of year $35,333 · end of year $39,400

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $589,150 · end of year $1,273,056

Mission and programs · 2024

Mission

TO PROVIDE SCHOLARSHIPS TO HELP STUDENTS ACHIEVE HIGHER EDUCATION REGARDLESS OF RACE, COLOR, RELIGION, OR GENDER. TO BRING AWARENESS OF THE ACCESSIBILITY OF HIGHER EDUCATION TO STUDENTS IN THE SAN ANTONIO, TEXAS AREA.

Activities or mission (Part I)

TO PROVIDE SCHOLARSHIPS TO HELP STUDENTS ACHIEVE HIGHER EDUCATION.

  • TO PROVIDE SCHOLARSHIPS TO STUDENTS ATTENDING COLLEGE OR UNIVERSITY. THERE WERE 449 SCHOLARSHIPS AWARDED IN 2024.

    Expenses $625,120 · Grants $625,120

  • TO SUPPORT THE ANNUAL REY FEO THAT BRINGS EDUCATIONAL AWARENESS TO THE STUDENTS OF SAN ANTONIO AND SURROUNDING AREAS.

    Expenses $89,150

As filed on the 2024 return.

Listed in Part VII

  • Jennifer Barbaro

    EXEC. DIR. & SEC. (AS OF 12/24)

    Total calculated
    $29,000
    From this org
    $29,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 1 related

  • Johnny Gabriel

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    20 + 1 related

  • Ramiro Valadez Jr

    PRESIDENT

    Total calculated
    $0
    Hours/week
    15 + 1 related

  • Cindy Gabriel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5 + 1 related

  • Ronnie Gabriel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Claudia Castoreno

    DIRECTOR OF SCHOLARSHIPS

    Total calculated
    $43,923
    From this org
    $43,923
    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.

Grants on this return

  • REY FEO FABIAN CASTILLO FOUNDATION

    $11,800

    OPERATIONAL SUPPORT FOR EVENTS

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.

  • REY FEO REIGN

    501(C)(3) · FUNDRAISING · TX · controlled entity

    Directly controlled by REY FEO SCHOLARSHIP FOUNDATION

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202543219349316869

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