Weslaco Scholarship Foundation
- Assets
- $454.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Weslaco, TX
- Founding
- 04/2012
- Data as of
- 12/2023
- EIN
- 20-0232625
Organization Overview
Weslaco Scholarship Foundation is located in Weslaco, TX. The organization was established in 2012. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Weslaco Scholarship Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Weslaco Scholarship Foundation generated $118.9k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $72.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (8.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE WESLACO SCHOLARSHIP FOUNDATION RAISED MONEY TO PROVIDE SCHOLARSHIPS FOR GRADUATES OF WESLACO HIGH SCHOOL, WESLACO EAST HIGH SCHOOL, AND SOUTH PALM GARDENS HIGH SCHOOL. FOR 2023, SCHOLARSHIPS OF 500 EACH WERE GRANTED TO ALL STUDENTS IN THE TOP 15% OF THEIR CLASS. AN ADDITIONAL 250 WAS GIVEN TO 3 STUDENTS WHO ATTENDED FDR ELEMENTARY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Budimir Co Chairpers | 0.5 | $0 | |
Ida Cuadra Director | 0.5 | $0 | |
Elias Trevino Director | 0.5 | $0 | |
Dr David Gamboa Co Chairpers | 0.5 | $0 | |
Yvett Morales Co Chairpers | 0.5 | $0 | |
Tina Wells Co Chairpers | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $118,237 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $8,688 |
| Gain or Loss | $500 |
| Net Income from Gaming & Fundraising | -$8,476 |
| Other Revenue | $0 |
| Total Revenue | $118,949 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $2,000 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $1,245 |
| Total expenses | $72,895 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $454,738 |
| Other assets | $0 |
| Total assets | $454,738 |
| Total liabilities | $0 |
| Net assets or fund balances | $454,738 |