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Nonprofit · EIN 42-1533150

RIO GRANDE VALLEY COMMUNITY FOUNDATION

Tax-exempt · MCALLEN, TX 78501

Financials

$445K$340K2023$247K$510K2024
Revenue Expenses · by fiscal year end
Financials of RIO GRANDE VALLEY COMMUNITY FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$247,244$510,015-$262,771$614,491$263,078$351,413
December 31, 2023990$445,254$340,117$105,137$885,858$262,978$622,880
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$208,678
Program service revenue
$315
Investment income
$38,251
Net gain from sales of assets
$14,654
Other revenue
$0

Expenses

Grants and similar amounts paid
$494,243
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Program services (functional)
$506,243
Management and general (functional)
$3,772

Balance sheet and other

Total assets, start of year
$885,858
Total assets, end of year
$614,491
Total liabilities, end of year
$263,078
Net assets, end of year
$351,413
Net assets without donor restrictions
$40,483
Net assets with donor restrictions
$310,930
Gross receipts
$336,169
Employees
0
Year formed
2002
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.

NameTitleHours / weekCompensation
Larry DelgadoDirector
Trustee or director
0.5$0
Ricky LongoriaDirector
Trustee or director
0.5$0
Elizabeth SuarezDirector
Trustee or director
0.5$0
Maurice WeltonDirector
Trustee or director
0.5$0
Susan ValverdeDirector
Trustee or director
0.5$0
Charlie LopezChairman
Trustee or director
0.5$0
David EstesVICE CHAIRMAN
Trustee or director
2$0
Joe BrownDirector
Trustee or director
0.5$0
Jesse De LeonDirector
Trustee or director
0.5$0
990 for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensation
Larry DelgadoDirector
Trustee or director
0.5$0
Ricky LongoriaDirector
Trustee or director
0.5$0
Elizabeth SuarezDirector
Trustee or director
0.5$0
Maurice WeltonDirector
Trustee or director
0.5$0
Susan ValverdeDirector
Trustee or director
0.5$0
Charlie LopezChairman
Trustee or director
0.5$0
David EstesVICE CHAIRMAN
Trustee or director
2$0
Joe BrownDirector
Trustee or director
0.5$0
Jesse De LeonDirector
Trustee or director
0.5$0

Address and contacts

Address (IRS master file)
1200 ASH AVE, MCALLEN, TX 78501-4605
In care of
% MCALLEN CHAMBER OF COMMERCE
Principal officer (990 for 2024)
Charlie Lopez, 1200 Ash St, McAllen, TX 78501
Signed the 990
Joe Brown, Director
Phone
(956) 682-2871
Return prepared by
Ewing Lara & Company PC

Mission

Promotion of fine arts in the city of McAllen, Texas and surrounding area.

990 for the year ended December 31, 2024

Program accomplishments

  • Grants to organizations promoting arts in the city of McAllen, Texas and surrounding area
    Expenses $506,243

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
42-1533150
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
2002
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$614,491
Income (IRS master file)
$336,169

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$247,244$510,015$614,491XML
990December 2023$445,254$340,117$885,858XML
990December 2022$314,114$409,205$780,621IRS
990December 2021–––IRS
990December 2020–––IRS
990December 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 42-1533150).

Questions about RIO GRANDE VALLEY COMMUNITY FOUNDATION

What is the EIN of RIO GRANDE VALLEY COMMUNITY FOUNDATION?
The employer identification number (EIN) of RIO GRANDE VALLEY COMMUNITY FOUNDATION is 42-1533150.
Is RIO GRANDE VALLEY COMMUNITY FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
Are donations to RIO GRANDE VALLEY COMMUNITY FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does RIO GRANDE VALLEY COMMUNITY 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 RIO GRANDE VALLEY COMMUNITY 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 RIO GRANDE VALLEY COMMUNITY 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 RIO GRANDE VALLEY COMMUNITY FOUNDATION?
The 990 for the year ended December 31, 2024 names Charlie Lopez.
Who are the officers and directors of RIO GRANDE VALLEY COMMUNITY FOUNDATION?
The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
How much revenue does RIO GRANDE VALLEY COMMUNITY FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $247,244, expenses of $510,015 and total assets of $614,491 at year end.

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