Los Charros Foundation Inc
- Assets
- $952.6k
- Revenue
- $380.4k
- Investments
- $85.0k
- Employees
- 0
- Location
- Tucson, AZ
- Founding
- 07/2015
- Data as of
- 12/2023
- EIN
- 47-4181377
Organization Overview
Los Charros Foundation Inc is located in Tucson, AZ. The organization was established in 2015. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Los Charros Foundation Inc 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, Los Charros Foundation Inc generated $380.4k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 13.8% each year . All expenses for the organization totaled $157.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE COWBOY WAY OF LIFE, LAND CONSERVATION, AND YOUTH DEVELOPMENT AND EDUCATION.
Describe the Organization's Program Activity:
THE FOUNDATION'S SCHOLARSHIP PROGRAM IS AVAILABLE TO ALL STUDENTS IN RURAL AREAS THAT LIVE IN COCHISE, PIMA, EASTERN PINAL AND SANTA CRUZ COUNTIES. SCHOLARSHIP APPLICATIONS ARE WELCOMED FROM ALL STUDENTS NO MATTER THEIR GRADE POINT AVERAGE OR THE HIGH SCHOOL THEY ATTEND. THE FOUNDATION FOCUSES ON RECIPIENTS THAT ARE IN FINANCIAL NEED, BUT ALSO SUPPORTS STUDENTS FROM ALL DEMOGRAPHICS. SCHOLARSHIPS ARE ALSO AWARDED TO STUDENTS ALREADY ENROLLED IN COLLEGE OR TRADE/VOCATIONAL PROGRAMS. THE SCHOLARSHIPS AWARDED EACH YEAR VARY FROM ONE-YEAR SCHOLARSHIPS TO FOUR-YEAR SCHOLARSHIPS DEPENDING ON THE STUDENT AND THE FIELD OF STUDY.
THE FOUNDATION SUPPORTS 4-H AND FFA PROGRAMS BY ATTENDING ANNUAL 4-H COUNTY FAIRS IN COCHISE, PIMA AND SANTA CRUZ COUNTIES AND PURCHASING ANIMALS FROM THE YOUTH. ANIMALS ARE DONATED BACK TO THE 4-H PROGRAM, WHICH ALLOWS THEM TO GENERATE ADDITIONAL FUNDS FOR THEIR PROGRAM. THE PURCHASE OF THESE ANIMALS ASSISTS THE YOUTH IN SAVING FOR THEIR COLLEGE EDUCATION AND TEACHES THEM RESPONSIBILITY AND MONEY MANAGEMENT. THE FOUNDATION ALSO BUYS ANIMALS TO GIVE TO YOUTH OF LIMITED FINANCIAL MEANS AND PROVIDES FEED AND TRAINING TO HELP YOUTH GET INTO 4-H. IN ADDITION, THE FOUNDATION ALSO PROVIDES FUNDING TO 4-H AND FFA PROGRAMS FOR SPECIAL PROJECTS OR EVENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dwight Babcock Director | Trustee | 0.5 | $0 |
John C Campagna Director | Trustee | 0.25 | $0 |
James Even Director | Trustee | 0.75 | $0 |
Ryan Farnum Director | Trustee | 0.25 | $0 |
Dean Fish Director | Trustee | 0.25 | $0 |
Chris Gronlund Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $256,086 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $82,379 |
| Noncash contributions included in lines 1a–1f | $13,915 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $338,465 |
| Total Program Service Revenue | $0 |
| Investment income | $24,284 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $17,652 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $380,401 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $24,747 |
| Grants and other assistance to domestic individuals. | $93,499 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $26,500 |
| Compensation of current officers, directors, key employees. | $26,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,680 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,407 |
| Information technology | $3,750 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,696 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $650 |
| All other expenses | $317 |
| Total functional expenses | $157,246 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $90,908 |
| Savings and temporary cash investments | $94,309 |
| 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 | $250 |
| Prepaid expenses and deferred charges | $46,750 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $635,346 |
| Investments—other securities | $85,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $952,563 |
| Accounts payable and accrued expenses | $1,500 |
| 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 | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,500 |
| Net assets without donor restrictions | $951,063 |
| 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 | $952,563 |
Grants Awarded
Over the last fiscal year, Los Charros Foundation Inc has awarded $21,997 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
PIMA COUNTY JR LIVESTOCK SALES INC PURPOSE: ASSIST YOUTH IN SAVING FOR COLLEGE. | $7,702 |
COCHISE COUNTY JUNIOR LIVESTOCK PURPOSE: ASSIST YOUTH IN SAVING FOR COLLEGE. | $5,954 |
SANTA CRUZ COUNTY JUNIOR LIVESTOCK PURPOSE: ASSIST YOUTH IN SAVING FOR COLLEGE. | $8,341 |