San Antonio Area Foundation
- Assets
- $1.7m
- Revenue
- $328.4k
- Investments
- $0.0
- Employees
- 2
- Location
- San Antonio, TX
- Founding
- 11/2002
- Data as of
- 12/2018
- EIN
- 38-3892964
Organization Overview
San Antonio Area Foundation is located in San Antonio, TX. The organization was established in 2002. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2018, San Antonio Area Foundation employed 2 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. San Antonio Area 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 12/2018, San Antonio Area Foundation generated $328.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (24.5%) each year. All expenses for the organization totaled $403.7k during the year ending 12/2018. As we would expect to see with falling revenues, expenses have declined by (41.4%) per year over the past 4 years. 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
2018
Describe the Organization's Mission:
Part 3 - Line 1
TO ENSURE THAT EVERY FAMILY HAS ACCESS TO EXCEPTIONAL, TUITION-FREE PUBLIC EDUCATION OPTIONS BY ATTRACTING THE NATION'S BEST PUBLIC CHARTER SCHOOLS TO SAN ANTONIO, TX.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ONGOING HIGH-QUALITY SCHOOL SUPPORT - CHOOSE TO SUCCEED SUPPORTS THE GROWTH OF HIGH-QUALITY SCHOOLS IN SAN ANTONIO THROUGH STRATEGIC INVESTMENTS AND THOUGHT PARTNERSHIP. TO DATE, THE ORGANIZATION HAS ENABLED 22,510 STUDENTS TO ENROLL IN HIGH QUALITY SCHOOLS FOR THE 2018-2019 SCHOOL YEAR. THE GOAL IS TO SERVE 60,000 SAN ANTONIO PUBLIC SCHOOL STUDENTS BY 2026.BUILDING LOCAL AND NATIONAL AWARENESS - CHOOSE TO SUCCEED WORKS WITH LOCAL AND NATIONAL ORGANIZATIONS TO DRIVE THE AWARENESS OF AND BROAD PARTICIPATION IN THE HIGH-QUALITY SCHOOL GROWTH INITIATIVES IN SAN ANTONIO.IN-KIND REVENUE RECEIVED DURING THE YEAR IN THE AMOUNT OF $56,892.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Lewis Chair | OfficerTrustee | 1 | $0 |
William S Harte Secretary | OfficerTrustee | 1 | $0 |
Victoria B Rico Board Member | Trustee | 1 | $0 |
George Pedraza Board Member | Trustee | 1 | $0 |
Henry B Gonzalez III Treasurer | OfficerTrustee | 1 | $0 |
Matthew Randazzo Until 0322 Vice Chair | OfficerTrustee | 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 | $328,434 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $328,434 |
| Total Program Service Revenue | $0 |
| Investment income | $45 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$120 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $328,359 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $200,000 |
| 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. | $137,262 |
| Compensation of current officers, directors, key employees. | $20,589 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,348 |
| Pension plan accruals and contributions | $1,874 |
| Other employee benefits | $362 |
| Payroll taxes | $11,458 |
| Fees for services: Management | $14,400 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $407 |
| Advertising and promotion | $0 |
| Office expenses | $677 |
| Information technology | $653 |
| Royalties | $0 |
| Occupancy | $751 |
| Travel | $475 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,138 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $451 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $403,700 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $592,359 |
| Savings and temporary cash investments | $16,260 |
| Pledges and grants receivable | $1,088,969 |
| 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 | $3,600 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,701,188 |
| Accounts payable and accrued expenses | $33,724 |
| Grants payable | $150,000 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $183,724 |
| Unrestricted restricted net Assets | $278,495 |
| Temporarily restricted net Assets | $1,238,969 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $1,517,464 |
Grants Awarded
Over the last fiscal year, San Antonio Area Foundation has awarded $200,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
PROMESA ACADEMY CHARTER SCHOOL PURPOSE: FOR THE 2018 INCUBATION GRANT & SUPPORTING YEAR 1 LAUNCH | $155,000 |
SAN ANTONIO CHARTER MOMS PURPOSE: FOR CONTINUED SUPPORT FOR COMMUNITY ENGAGEMENT AND PARENT ADVOCACY | $20,000 |
COMPASS ROSE ACADEMY PURPOSE: FOR EXPENSES IN CONNECTION WITH THEIR PHASE 2 EXPANSION | $25,000 |