Harlingen Area Educational Foundation Inc

Nonprofit profile at a glance

EIN
742541146
IRS 990-EZ coverage
2019–2024
Forms available
Form 990-EZ 2024, Form 990-N 2018
Location
Harlingen, TX, USA
Phone
9563647080
Rating
64
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$116,042
Expenses
$148,806
Assets
$245,823
Liabilities
$53,378

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

12 people listed

Executive titles in this filing

  • MARU DE LA PAZ (PRESIDENT)
  • JAY CANTU (VICE PRESIDENT)

People named in this filing

  • ANITA BOSWELL (TREASURER)
  • MARU DE LA PAZ (PRESIDENT)
  • CHRISTIAN CORRALES (DIRECTOR)

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 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To seek, cultivate, and obtain revenues to be used for developing and expanding educational opportuities for students and teachers of the harlingen consolidated independent school district and to inform the general public on educational issues.

What it reported doing in 2024

Teacher innovation grants: grants used for equipment, technology, training, etc. To be used to implement innovative teaching techniques that impact learning in a way that fosters communication, collaboration, critical thinking, and creativity. It impacts learning beyong the traditional classroom approach. Expenses for implementation of programs are not covered by the regular district budget.

Operating model

Revenue model
Other-operating. 100% of the money available for current operations came from other operating revenue.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

SUPPORTED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 50
  • Transparency & Controls: 82
  • Sustainability: 34
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 55.3%; rating input score 55
  • Program expense ratio: 43.1%; rating input score 43

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -28.2%; rating input score 5; 5th percentile among comparable filings
  • Total-asset coverage ratio: 1.65; rating input score 75; 75th percentile among comparable filings
  • Liabilities to assets ratio: 0.22; rating input score 17; 17th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 14.1% per year; rating input score 100; 69th percentile among comparable filings
  • Revenue growth: 3.8% per year; rating input score 100; 41st percentile among comparable filings
  • Asset growth: 5.5% per year; rating input score 100; 47th percentile among comparable filings

Details

  • Where the money goes: 55.3% of revenue deployed · 43.1% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments · $64K in reported program spending
  • Leadership: top reported pay $0 · 12 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 5 filing years from 2019 to 2024
  • 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.

  • Review — Financial Efficiency: Mission deployment rate scored 55/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 43/100.
  • High — Sustainability: Operating margin scored 5/100.
  • High — Sustainability: Liabilities to assets ratio scored 17/100.