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Nonprofit · EIN 74-2915182

SAN PATRICIO ELECTRIC EDUCATION TR

Tax-exempt · SINTON, TX 78387

Financials

$185K$77K2023$263K$72K2024
Revenue Expenses · by fiscal year end
Financials of SAN PATRICIO ELECTRIC EDUCATION TR by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$263,153$72,061$191,092$3,111,105$0$3,111,105
December 31, 2023990$185,141$76,844$108,297$3,080,834$0$3,080,834
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$42,437
Program service revenue
$0
Investment income
$220,716
Net gain from sales of assets
$120,284
Other revenue
$0

Expenses

Grants and similar amounts paid
$46,250
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Program services (functional)
$46,250
Management and general (functional)
$25,811

Balance sheet and other

Total assets, start of year
$3,080,834
Total assets, end of year
$3,111,105
Total liabilities, end of year
$0
Net assets, end of year
$3,111,105
Publicly traded securities
$3,034,663
Gross receipts
$453,528
Employees
0
Volunteers
6
Year formed
1999
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 / weekCompensationFrom related orgs
TOM MAYOTRUSTEE
Trustee or director, Officer
1$0$8,100
CLYDE STEWARTTRUSTEE
Trustee or director, Officer
1$0$6,900
JIM BASSETTTRUSTEE
Trustee or director, Officer
1$0$6,900
990 for the year ended December 31, 2023: 3 people
NameTitleHours / weekCompensationFrom related orgs
TOM MAYOTRUSTEE
Trustee or director, Officer
1$0$8,600
CLYDE STEWARTTRUSTEE
Trustee or director, Officer
1$0$7,800
JIM BASSETTTRUSTEE
Trustee or director, Officer
1$0$6,300

Address and contacts

Address (IRS master file)
PO BOX 400, SINTON, TX 78387-0400
Principal officer (990 for 2024)
TOM MAYO, PO BOX 400, SINTON, TX 78387
Signed the 990
TOM MAYO, TRUSTEE
Phone
(361) 364-2220
Return prepared by
BOLINGER SEGARS GILBERT AND MOSS LLP

Mission

TO PROVIDE EDUCATIONAL SCHOLARSHIPS TO HELP STUDENTS PURSUE HIGHER EDUCATION.

990 for the year ended December 31, 2024

Program accomplishments

  • THE ORGANIZATION PAID OUT $46,250 IN SCHOLARSHIPS TO 37 DIFFERENT STUDENTS DURING THE TAX YEAR. THE SCHOLARSHIPS ARE PAID IN $1,250 INCREMENTS PER SEMESTER. STUDENTS ARE REQUIRED TO MAINTAIN A MINIMUM OF 12 SEMESTER HOURS AND A MINIMUM 2.5 GRADE POINT AVERAGE FOR THE PREVIOUS SEMESTER.
    Expenses $46,250 · grants $46,250

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
74-2915182
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
1999
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B82)
Assets (IRS master file)
$3,111,105
Income (IRS master file)
$453,528

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$263,153$72,061$3,111,105XML
990December 2023$185,141$76,844$3,080,834XML
990December 2022$92,386$76,032$2,763,252IRS
990December 2021–––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 74-2915182).

Questions about SAN PATRICIO ELECTRIC EDUCATION TR

What is the EIN of SAN PATRICIO ELECTRIC EDUCATION TR?
The employer identification number (EIN) of SAN PATRICIO ELECTRIC EDUCATION TR is 74-2915182.
Is SAN PATRICIO ELECTRIC EDUCATION TR tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
Are donations to SAN PATRICIO ELECTRIC EDUCATION TR tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does SAN PATRICIO ELECTRIC EDUCATION TR 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 SAN PATRICIO ELECTRIC EDUCATION TR 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 SAN PATRICIO ELECTRIC EDUCATION TR 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 SAN PATRICIO ELECTRIC EDUCATION TR?
The 990 for the year ended December 31, 2024 names TOM MAYO.
Who are the officers and directors of SAN PATRICIO ELECTRIC EDUCATION TR?
The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
How much revenue does SAN PATRICIO ELECTRIC EDUCATION TR have?
On its 990 for the year ended December 31, 2024 it reported revenue of $263,153, expenses of $72,061 and total assets of $3,111,105 at year end.

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