Guadalupe El Torrero Foundation is located in Edinburg, TX. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Guadalupe El Torrero 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 12/2022, Guadalupe El Torrero Foundation generated $16.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (64.8%) each year. All expenses for the organization totaled $24.9k during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
Part 3
THE FOUNDATION PROVIDES ACTIVE SUPPORT FOR EDUCATIONAL ACTIVITIES IN THE ARTS WITH LECTURES, EXHIBITIONS, WORKSHOPS, CLASSES, AND SCHOLOARSHIPS FOR STUDENTS IN THE K-12 GRADES AS WELL AS UNDERGRADUATES AND GRADUATE STUDENTS IN HIGHER EDUCATION. SCOLARSHIPS WERE AWARDED TO STUDENTS IN 2022.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
James Mcallen Jr President/chairman | 5 | $0 | |
Katherine Mcallen Secretary | 5 | $0 | |
Melissa Guerra Treasurer | 5 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $16,500 |
Total Program Service Revenue | $0 |
Membership dues | $0 |
Investment income | $0 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $16,500 |
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 | $650 |
Occupancy, rent, utilities, and maintenance | $11,612 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $1,192 |
Total expenses | $24,882 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $35,569 |
Other assets | $0 |
Total assets | $35,569 |
Total liabilities | $0 |
Net assets or fund balances | $35,569 |