Kb Foundation Of Texas
- Assets
- $2.5m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 3
- Location
- Harlingen, TX
- Founding
- 11/2009
- Data as of
- 12/2022
- EIN
- 27-0587589
Organization Overview
Kb Foundation Of Texas is located in Harlingen, TX. The organization was established in 2009. According to its NTEE Classification (P30) the organization is classified as: Children & Youth Services, under the broad grouping of Human Services and related organizations. As of 12/2022, Kb Foundation Of Texas employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kb Foundation Of Texas 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 12/2022, Kb Foundation Of Texas generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $1.1m during the year ending 12/2022. While expenses have increased by 12.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ADDRESS JUVENILE CRIME, GRAFFITI AND GANG VIOLENCE IN THE HARLINGEN, TX AREA AND ESTABLISH PROGRAMS THAT PROVIDE JUVENILES WITH ALTERNATIVE ACTIVITIES AFTER SCHOOL AND PROVIDE MENTORING AND EDUCATIONAL TOOLS TO HIGH RISK STUDENTS. PROVIDE SAFE ENVIROMENT FOR MIGRANT FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION IS CURRENTLY WORKING WITH LOCAL LAW ENFORCEMENT AGENCIES TO REDUCE GANG ACTIVITIES THROUGH VARIOUS YOUTH PROGRAM INTERVENTIONS SUCH AS ESTABLISHING A TEEN YOUTH CENTER WHERE ECONOMICALLY DISADVANTAGED AND HIGH RISK YOUTHS CAN GO AFTER SCHOOL AND PARTICIPATE IN NUMEROUS ATHLETIC ACTIVITIES AS WELL AS EDUCATIONAL ACTIVITIES. THIS PROGRAM IS CURRENTLY UTILIZING ABOUT 25% OF THE PROGRAM EXPENSES. THE ORGANIZATION HAS ALSO PURCHASED COMPUTERS TO ALLOW ECONOMICALLY DISADVANTAGED YOUTH TO ENHANCE THEIR EDUCATIONAL OPPORTUNITES (STUDY ROOMS). THE ORGANIZATION IS ALSO WORKING WITH JUVENILES SO THAT THEY MAY COMPLETE THEIR HIGH SCHOOL EDUCATION. WITH THE COLLABORATION OF THE HARLINGEN CISD AND THE CITY OF HARL. THE ORGANIZATION IS PROVIDING INTERVENTION COUNSELING TO 9TH GRADE STUDENTS TO PREVENT THEM FROM DROPPING OUT OF SCHOOL. THE ORGAINZATION IS PROVIDING SAFE HOUSING FOR MIGRANT FAMILIES SEEKING ASYLUM IN THE U.S. BY ESTABLISHING BUILDINGS TO LEASE.
IT ALSO PROVIDES RECREATIONAL AREA AND HOUSING AREA (60 ACRES) FOR CHILDREN OF UNDOCUMENTED INDIVIDUALS AS WELL AS PROVIDE THESE CHILDREN WITH COMPUTERS AND OTHER LEARNING TOOLS WHILE IN DETENTION BY THE IMMIGRATION NATURALIZATION SERVICES AGENCY (US HEALTH & HUMAN SERVICES). THE BUILDING WAS PURCHASED FROM TEEN CHALLENGE OF TEXAS AND IS LEASED TO BCFS HEALTH AND HUMAN SERVICES A U.S. GOVERNMENTAL AGENCY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karam S Boulos President | OfficerTrustee | 45 | $215,000 |
Michael G Rodriguez Treasurer | Trustee | 1 | $0 |
Poul Boulos Key Employee | Trustee | 1 | $0 |
Jesus Munoz Director | Trustee | 1 | $0 |
Ramiro A Martinez Secretary | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,728 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,728 |
| Total Program Service Revenue | $1,132,416 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,137,144 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $215,000 |
| Compensation of current officers, directors, key employees. | $215,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $105,800 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $15,322 |
| Payroll taxes | $25,781 |
| Fees for services: Management | $72,000 |
| Fees for services: Legal | $38,697 |
| Fees for services: Accounting | $5,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $123 |
| Office expenses | $6,823 |
| Information technology | $40,000 |
| Royalties | $0 |
| Occupancy | $10,000 |
| Travel | $33 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $48,949 |
| Insurance | $38,810 |
| All other expenses | $473,958 |
| Total functional expenses | $1,138,498 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,519 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,418,355 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,000 |
| Other assets | $632 |
| Total assets | $2,452,506 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $5,000 |
| Secured mortgages and notes payable | $1,395,332 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,400,332 |
| Net assets without donor restrictions | $1,052,174 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,452,506 |