Nonprofit · EIN 20-0232625
WESLACO SCHOLARSHIP FOUNDATION
Tax-exempt · WESLACO, TX 78596
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $143,459 | $97,830 | $45,629 | $500,367 | $0 | $500,367 |
| December 31, 2023 | 990-EZ | $118,949 | $72,895 | $46,054 | $454,738 | – | $454,738 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $133,751
- of which government grants
- $72,947
- Program service revenue
- $0
- Investment income
- $13,733
- Net gain from sales of assets
- $2,708
- Net income from fundraising events
- -$4,025
- Other revenue
- -$4,025
Expenses
- Grants and similar amounts paid
- $95,600
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $1,150
- Program services (functional)
- $95,600
- Management and general (functional)
- $2,230
Balance sheet and other
- Total assets, start of year
- $454,738
- Total assets, end of year
- $500,367
- Total liabilities, end of year
- $0
- Net assets, end of year
- $500,367
- Publicly traded securities
- $252,871
- Net assets without donor restrictions
- $500,367
- Gross receipts
- $153,964
- Employees
- 0
- Volunteers
- 8
- Year formed
- 2006
- State of legal domicile
- TX
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DANIEL BUDIMIR | PRESIDENT Trustee or director, Officer | 2 | $0 |
| DR DAVID GAMBOA | BOARD MEMBER Trustee or director | 1 | $0 |
| YVETT MORALES | SECRETARY Trustee or director, Officer | 2 | $0 |
| ENRIQUE ORNELAS | BOARD MEMBER Trustee or director | 1 | $0 |
| DAVID ROBLEDO | BOARD MEMBER Trustee or director | 1 | $0 |
| DESI RODROGUEZ | BOARD MEMBER Trustee or director | 1 | $0 |
| ELIAS TREVINO | BOARD MEMBER Trustee or director | 1 | $0 |
| TINA WELLS | VICE PRESIDE Trustee or director, Officer | 2 | $0 |
990-EZ for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DANIEL BUDIMIR | CO CHAIRPERS | 0.5 | $0 |
| IDA CUADRA | DIRECTOR | 0.5 | $0 |
| ELIAS TREVINO | DIRECTOR | 0.5 | $0 |
| DR DAVID GAMBOA | CO CHAIRPERS | 0.5 | $0 |
| YVETT MORALES | CO CHAIRPERS | 0.5 | $0 |
| TINA WELLS | CO CHAIRPERS | 1 | $0 |
| ENRIQUE ORNELAS | DIRECTOR | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 810 S PLEASANTVIEW DR, WESLACO, TX 78596-8613
- In care of
- % TINA WELLS
- Principal officer (990 for 2024)
- DANIEL BUDIMIR, 810 S PLEASANTVIEW DR, WESLACO, TX 78596
- Signed the 990
- DANIEL BUDIMIR, PRESIDENT
- Phone
- (956) 969-6534
- Return prepared by
- SANDRA L CHARLTON CPA PLLC
Mission
THE WESLACO SCHOLARSHIP FOUNDATION EXISTS TO RAISE MONEY TO PROVIDE SCHOLARSHIPS FOR GRADUATES OF WESLACO HIGH SCHOOL, WESLACO EAST HIGH SCHOOL, AND SOUTH PALM GARDENS HIGH SCHOOL. SCHOLARSHIPS ARE DISTRIBUTED TO STUDENTS STRICTLY ON CLASS RANK, WHICH IS PROVIDED BY EACH HIGH SCHOOL. THE RANK IS DETERMINED BASED ON GUIDELINES SET FORTH IN THE WESLACO INDEPENDENT SCHOOL DISTRICT SCHOOL BOARD POLICIES AND THE NAMES ARE PROVIDED TO THE FOUNDATION BY EACH HIGH SCHOOL.
Program accomplishments
- THE WESLACO SCHOLARSHIP FOUNDATION RAISED MONEY TO PROVIDE SCHOLARSHIPS FOR GRADUATES OF WESLACO HIGH SCHOOL, WESLACO EAST HIGH SCHOOL, AND SOUTH PALM GARDENS HIGH SCHOOL. FOR 2024, SCHOLARSHIPS OF 700 EACH WERE GRANTED TO ALL STUDENTS IN THE TOP 15% OF THEIR CLASS. AN ADDITIONAL 250 WAS GIVEN TO 2 STUDENTS WHO ATTENDED FDR ELEMENTARY.Expenses $95,600 · grants $95,600
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 20-0232625
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2012
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B82)
- Assets (IRS master file)
- $500,367
- Income (IRS master file)
- $153,964
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $143,459 | $97,830 | $500,367 | IRS |
| 990-EZ | December 2023 | $118,949 | $72,895 | $454,738 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-0232625).
Questions about WESLACO SCHOLARSHIP FOUNDATION
- What is the EIN of WESLACO SCHOLARSHIP FOUNDATION?
- The employer identification number (EIN) of WESLACO SCHOLARSHIP FOUNDATION is 20-0232625.
- Is WESLACO SCHOLARSHIP FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
- Are donations to WESLACO SCHOLARSHIP FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WESLACO SCHOLARSHIP FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of WESLACO SCHOLARSHIP FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WESLACO SCHOLARSHIP FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of WESLACO SCHOLARSHIP FOUNDATION?
- The 990 for the year ended December 31, 2024 names DANIEL BUDIMIR.
- Who are the officers and directors of WESLACO SCHOLARSHIP FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
- How much revenue does WESLACO SCHOLARSHIP FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $143,459, expenses of $97,830 and total assets of $500,367 at year end.
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