Lulac Council 1 Foundation Inc

Nonprofit profile at a glance

EIN
843716272
IRS 990-EZ coverage
2022–2024
Forms available
Form 990-EZ 2024
Location
Corpus Christi, TX, USA
Rating
61
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Scholarships, Student Financial Aid Services, Awards

Reported finances

Revenue
$94,850
Expenses
$93,121
Assets
$23,030

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

Leadership & pay

10 people listed

Executive titles in this filing

  • DR NICHOLAS ADAME (PRESIDENT)
  • SUSIE LUNA-SALDANA (VICE PRESIDENT)

People named in this filing

  • DR NICHOLAS ADAME (PRESIDENT)
  • SUSIE LUNA-SALDANA (VICE PRESIDENT)
  • SANDY FERNANDEZ (TREASURER)

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

Provide scholarship to students

What it reported doing in 2024

The mission is to advance the economic condition, educational attainment, housing, health and civil right of the Hispanic population in the US

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
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: 28
  • Transparency & Controls: 100
  • Sustainability: 35
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 28.5%; rating input score 28
  • Program expense ratio: 29%; rating input score 29

Transparency & Controls

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

Sustainability

  • Operating margin: 1.8%; rating input score 49; 49th percentile among comparable filings
  • Total-asset coverage ratio: 0.25; rating input score 19; 19th 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: 23.8% per year; rating input score 100; 84th percentile among comparable filings
  • Revenue growth: 12.3% per year; rating input score 100; 84th percentile among comparable filings
  • Asset growth: 30.7% per year; rating input score 100; 91st percentile among comparable filings

Details

  • Where the money goes: 28.5% of revenue deployed · 29% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $27K in reported program spending
  • Leadership: top reported pay $0 · 10 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 3 filing years from 2022 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.

  • High — Financial Efficiency: Mission deployment rate scored 28/100.
  • High — Financial Efficiency: Program expense ratio scored 29/100.
  • Moderate — Sustainability: Operating margin scored 49/100.
  • High — Sustainability: Total-asset coverage ratio scored 19/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.