Nonprofit · EIN 75-2684723
VALLEY GRANDE INSTITUTE FOR ACADEMIC STUDIES
Tax-exempt · WESLACO, TX 78596
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2020 | 990 (amended) | $3,194,661 | $2,695,913 | $498,748 | $4,975,973 | $621,408 | $4,354,565 |
Financial details: 990 for the year ended December 31, 2020
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $2,658,644
- Investment income
- $0
- Other revenue
- $536,017
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $1,165,290
- Salaries, compensation and benefits (total)
- $1,364,058
- Professional fundraising fees
- $0
- Occupancy
- $375,876
- Depreciation
- $55,931
- Program services (functional)
- $1,549,712
- Management and general (functional)
- $1,146,201
Balance sheet and other
- Total assets, start of year
- $4,655,361
- Total assets, end of year
- $4,975,973
- Total liabilities, end of year
- $621,408
- Net assets, end of year
- $4,354,565
- Land, buildings and equipment
- $1,927,108
- Gross receipts
- $3,194,661
- Employees
- 52
- Year formed
- 1997
- 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, 2020, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARICARMEN CANTU | TREASURER Trustee or director, Officer | 40 | $130,000 | $3,264 |
| ANABELL CARDONA | PRESIDENT Trustee or director, Officer | 40 | $124,800 | $8,087 |
| ALICIA RODRIGUEZ | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 345 S TEXAS BLVD, WESLACO, TX 78596-6113
- Principal officer (990 for 2020)
- ANABELL CARDONA, 345 S TEXAS, WESLACO, TX 78596
- Signed the 990
- ANABELL CARDONA, PRESIDENT
- Phone
- (956) 973-1945
- Website
- VGI.EDU
- Return prepared by
- SANDRA L CHARLTON CPA PLLC
Mission
THE SCHOOL'S MISSION IS TO PROVIDE INSTRUCTION IN THE FIELD OF NURSING AND HEALTH CARE RELATED OCCUPATIONS LEADING TO GRADUATION AND EMPLOYMENT
Program accomplishments
- THE SCHOOL'S PRIMARY PURPOSE IS TO PROVIDE EDUCATIONAL INSTRUCTION TO STUDENTS IN THE FIELD OF NURSING AND HEALTH CARE RELATED FIELDS. THE SCHOOL IS A NURSING COLLEGE OPERATING UNDER AUTHORITY GRANTED BY TEXAS HIGHER EDUCATION COORDINATION BOARD. THE SCHOOL'S PRIMARY ACTIVITIES INCLUDE (1) CLASSROOM INSTRUCTION, (2) DEVELOPING STUDENT NURSING SKILLS THROUGH LABORATORY PRACTICE, (3) CLINICAL ROTATIONS DESIGNED TO FURTHER DEVELOP STUDENT NUSRING SKILLS, AND, (4) OTHER ACTIVITIES DESIGNED TO ENHANCE THE EDUCATIONAL PURSUITS OF THE STUDENTS.Expenses $1,549,712 · revenue $2,658,644
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 | Not on file |
| 2023 | December 31, 2023 | May 15, 2024 | Not on file |
At risk of automatic revocation
None of the last three returns is in the IRS public files. The IRS revokes tax-exempt status after three consecutive years without a return. Recent filings can take a few weeks to appear.
IRS record
- EIN
- 75-2684723
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- 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 (B30)
- Assets (IRS master file)
- $6,678,464
- Income (IRS master file)
- $3,712,235
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2022 | $3,712,235 | $3,863,719 | $6,678,464 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | $3,194,661 | $2,695,913 | $4,975,973 | XML |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 75-2684723).
Questions about VALLEY GRANDE INSTITUTE FOR ACADEMIC STUDIES
- What is the EIN of VALLEY GRANDE INSTITUTE FOR ACADEMIC STUDIES?
- The employer identification number (EIN) of VALLEY GRANDE INSTITUTE FOR ACADEMIC STUDIES is 75-2684723.
- Is VALLEY GRANDE INSTITUTE FOR ACADEMIC STUDIES tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to VALLEY GRANDE INSTITUTE FOR ACADEMIC STUDIES tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VALLEY GRANDE INSTITUTE FOR ACADEMIC STUDIES 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 VALLEY GRANDE INSTITUTE FOR ACADEMIC STUDIES 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 VALLEY GRANDE INSTITUTE FOR ACADEMIC STUDIES last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2022.
- Who is the principal officer of VALLEY GRANDE INSTITUTE FOR ACADEMIC STUDIES?
- The 990 for the year ended December 31, 2020 names ANABELL CARDONA.
- Who are the officers and directors of VALLEY GRANDE INSTITUTE FOR ACADEMIC STUDIES?
- The 990 for the year ended December 31, 2020 lists 3 people; 2 received compensation from the organization, the highest $130,000 (MARICARMEN CANTU, TREASURER).
- How much revenue does VALLEY GRANDE INSTITUTE FOR ACADEMIC STUDIES have?
- On its 990 for the year ended December 31, 2020 it reported revenue of $3,194,661, expenses of $2,695,913 and total assets of $4,975,973 at year end.
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