Drg Foundation

Nonprofit profile at a glance

EIN
471419184
IRS 990-EZ coverage
2019–2020
Forms available
Form 990 2018, Form 990-EZ 2020
Location
Harlingen, TX, USA
Phone
9562304095
Rating
93
Verdict
STRONG
Rating confidence
Moderate
Sector
Scholarships, Student Financial Aid Services, Awards

Reported finances

Revenue
$10,001
Expenses
$9,000
Assets
$96,413

Source: IRS Form 990-EZ. Selected filing: tax year 2020. Amounts in USD.

Leadership & pay

4 people listed

People named in this filing

  • NORMA LINDA GALLEGOS FLORES (CHAIRPERSON)
  • RUBEN GALLEGOS JR (VICE-CHAIRMAN)
  • DELMA GALLEGOS (Secretary)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Organization's mission or most significant activities: to provide scholarships to deserving first year college/university students that attended dr. Ruben gallegos elementary school and/or other deserving high school senior students; the organization will also make distributions to other organizations that qualify as exempt orgaization under section 501(c)(3) of the internal revenue code, or the corresponding section of any future federal tax code.

What it reported doing in 2020

The Organization's Exempt Purpose:1st Accomplishment is to provide scholarships to deserving High School Senior students and/or first year college/university students that attended Dr.Ruben Gallegos Elementary school or other deserving high school senior students.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 94
  • Transparency & Controls: 100
  • Sustainability: 61
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 90%; rating input score 90
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 10%; rating input score 59; 59th percentile among comparable filings
  • Total-asset coverage ratio: 10.71; rating input score 89; 89th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -70.9% per year; rating input score 0; 7th percentile among comparable filings
  • Revenue growth: 39.1% per year; rating input score 100; 97th percentile among comparable filings
  • Asset growth: 2.7% per year; rating input score 100; 49th percentile among comparable filings

Details

  • Where the money goes: 90% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $9K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 2 filing years from 2019 to 2020
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Growth: Program expense growth scored 0/100.
  • Review — Sustainability: Operating margin scored 59/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.