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Nonprofiteer
← REY FEO SCHOLARSHIP FOUNDATION

Form 990 for tax year 2022

Filed by REY FEO SCHOLARSHIP FOUNDATION.

Totals

Total revenue
$825,968
Total expenses
$461,456
Contributions and grants received
$874,180
Grants paid
$242,038
Program service revenue
$0
Investment income
$1,510
Other revenue
-$49,722
Total assets, end of year
$1,120,451
Total liabilities, end of year
$7,256
Net assets or fund balances, end of year
$1,113,195
Program services expenses (Part IX)
$307,408
Management and general expenses
$72,286
Fundraising expenses
$81,762
Program service expenses (Part III)
$307,408

Program services were 66.6% 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

    $221,508

  • 1f · All other contributions, gifts and grants

    $652,672

  • 3 · Investment income

    total $1,510 · excluded $1,510

  • 8a · Fundraising events: gross income

    $153,776

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

    $221,508

  • 8b · Fundraising events: direct expenses

    $203,498

  • 8c · Net income from fundraising events

    total -$49,722 · excluded -$49,722

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $242,038 · program services $242,038

  • 5 · Compensation of officers, directors and key employees

    total $42,272 · program services $8,454 · management and general $33,818

  • 11b · Fees: legal

    total $12,434 · management and general $12,434

  • 11c · Fees: accounting

    total $3,796 · management and general $3,796

  • 11g · Fees: other

    total $18,191 · fundraising $18,191

  • 12 · Advertising and promotion

    total $14,954 · program services $470 · fundraising $14,484

  • 13 · Office expenses

    total $18,009 · program services $3,348 · management and general $13,395 · fundraising $1,266

  • 14 · Information technology

    total $4,365 · program services $873 · management and general $3,492

  • 16 · Occupancy

    total $14,883 · program services $14,883

  • 17 · Travel

    total $105 · program services $105

  • 22 · Depreciation, depletion and amortization

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

  • 23 · Insurance

    total $330 · fundraising $330

  • 24a · Other expenses: REY FEO EXPENSES

    total $73,120 · program services $25,629 · fundraising $47,491

  • 24b · Other expenses: FERIA QUEEN EXPENSES

    total $10,270 · program services $10,270

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $427,227 · end of year $787,553

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

    $361,605

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

    $28,707

  • 10c · Land, buildings and equipment, net

    beginning of year $339,587 · end of year $332,898

  • 17 · Accounts payable and accrued expenses

    beginning of year $18,131 · end of year $7,256

  • 27 · Net assets without donor restrictions

    beginning of year $748,683 · end of year $1,113,195

Mission and programs · 2022

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

    Expenses $65,370

  • TO PROVIDE SCHOLARSHIPS TO STUDENTS ATTENDING COLLEGE OR UNIVERSITY. THERE WERE 241 SCHOLARSHIPS AWARDED IN 2022.

    Expenses $242,038 · Grants $242,038 · Revenue $500,076

As filed on the 2022 return.

Listed in Part VII

  • Johnny Gabriel

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    20

  • Ramiro Valadez Jr

    PRESIDENT

    Total calculated
    $0
    Hours/week
    15

  • Anita Lowry

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Margie Galvan

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Cindy Gabriel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Sandy Saks

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Ronnie Gabriel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Claudia Castoreno

    EXECUTIVE DIRECTOR

    Total calculated
    $42,073
    From this org
    $42,073
    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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
11 November 2023
IRS schema version
2022v5.0
Source object
202303179349309360

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