Mary B And Ramon B Felix Foundation
- Assets
- $695.4k
- Revenue
- $735.1k
- Investments
- $695.3k
- Employees
- 0
- Location
- Chandler, AZ
- Founding
- Data as of
- 12/2022
- EIN
- 88-1209077
Organization Overview
Mary B And Ramon B Felix Foundation is located in Chandler, AZ. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, 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. Mary B And Ramon B Felix Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION'S MAIN ACTIVITY IS TO PROVIDE FINANCIAL ASSISTANCE TO STUDENTS PURSUING A COLLEGE EDUCATION OR ATTENDING A TRADE SCHOOL IN PREPARATION FOR A SPECIFIC CAREER. THIS WILL BE ACCOMPLISHED BY THE FOUNDATION PUBLICIZING ITS SCHOLARSHIP PROGRAM PROVIDING SCHOLARSHIP APPLICATIONS TO VARIOUS SCHOOLS TO MAKE AVAILABLE TO STUDENTS IN NEED. THE BOARD WILL THEN MEET AS NECESSARY TO REVIEW APPLICATIONS RECEIVED AND DETERMINE WHO RECEIVES SCHOLARSHIPS BASED ON SPECIFIC CRITERIA. THE FOUNDATION MAY ALSO DONATE FUNDS TO NON-PROFIT SCHOOLS FOR SUPPLIES AND VARIOUS PROGRAMS AND TO OTHER NON-PROFIT ENTITIES THAT SUPPORT EDUCATORS, AS DETERMINED BY THE BOARD FROM TIME TO TIME.
THE FOUNDATION'S MAIN ACTIVITY IS TO PROVIDE FINANCIAL ASSISTANCE TO STUDENTS PURSUING A COLLEGE EDUCATION OR ATTENDING A TRADE SCHOOL IN PREPARATION FOR A SPECIFIC CAREER. THIS WILL BE ACCOMPLISHED BY THE FOUNDATION PUBLICIZING ITS SCHOLARSHIP PROGRAM PROVIDING SCHOLARSHIP APPLICATIONS TO VARIOUS SCHOOLS TO MAKE AVAILABLE TO STUDENTS IN NEED. THE BOARD WILL THEN MEET AS NECESSARY TO REVIEW APPLICATIONS RECEIVED AND DETERMINE WHO RECEIVES SCHOLARSHIPS BASED ON SPECIFIC CRITERIA. THE FOUNDATION MAY ALSO DONATE FUNDS TO NON-PROFIT SCHOOLS FOR SUPPLIES AND VARIOUS PROGRAMS AND TO OTHER NON-PROFIT ENTITIES THAT SUPPORT EDUCATORS, AS DETERMINED BY THE BOARD FROM TIME TO TIME.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ramona Felix Director/pres | 0 | $0 | |
Ernest Serrano Jr Dir/vp/sec | 0 | $0 | |
Patti Serrano Dir/chairman | 0 | $0 | |
Pat Donaldson Director | 0 | $0 | |
John Felix Director | 0 | $0 | |
Joe Pongratz Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $755,200 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$20,089 |
| Capital Gain Net Income | $5,318 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $735,111 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $869 |
| Total operating and administrative expenses | $12,244 |
| Contributions, gifts, grants paid | $27,500 |
| Total expenses and disbursements | $39,744 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $695,367 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Mary B And Ramon B Felix Foundation has awarded $55,000 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
LIDA SERRANO PURPOSE: SCHOLARSHIP | $2,000 |
SPENCER VEIGEL PURPOSE: SCHOLARSHIP | $2,000 |
SOPHIA CHAVEZ PURPOSE: SCHOLARSHIP | $2,000 |
ALAINA BROZEK PURPOSE: SCHOLARSHIP | $1,000 |
KENDELL YOUNG PURPOSE: SCHOLARSHIP | $1,000 |
ANNA STEWART PURPOSE: SCHOLARSHIP | $1,000 |