San Angelo Area Foundation

Nonprofit profile at a glance

EIN
731634145
IRS 990 coverage
2010–2025
Official website data refreshed
Sep 2026
Forms available
Form 990 2025
Location
San Angelo, TX, US
Phone
325.947.7071
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Philanthropy, Voluntarism, and Grantmaking Foundations N.E.C.

Official website

Reported finances

Revenue
$55,338,463
Expenses
$21,819,617
Assets
$335,043,682
Liabilities
$107,629,703

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

20 people listed

Executive titles in this filing

  • MATT LEWIS (PRESIDENT & CEO)

Highest reported compensation

  • MATT LEWIS (PRESIDENT & CEO): $276,160 total reported compensation
  • BRIANNE KILLAM (CFO): $140,000 total reported compensation
  • JANET KARCHER (MARKETING VP): $129,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Our mission is to build a legacy of philanthropy by attracting and prudently managing endowed gifts in order to match donor interests with community needs of the area.

What it reported doing in 2025

Grants to various qualified 501 (c)(3) organizations, or other qualified entities like governmental organizations, colleges, universities and religious entities, for qualified charitable purposes. Grants are made from component funds which are designated purpose funds, donor-advised funds, field of interest funds and unrestricted funds, and are based on an underlying gift agreement, which require the board of directors approval of said grants.

Operating model

Revenue model
Donor-supported. 70% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 94% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of total spending goes to programs and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 71
  • Transparency & Controls: 72
  • Accountability: 100
  • Sustainability: 81
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 59.3%; rating input score 59
  • Program expense ratio: 94.3%; rating input score 94
  • Fundraising efficiency: $51.14 raised per $1 spent on fundraising; rating input score 65; 65th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 88.2%; rating input score 88; 2nd percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 89.2%; rating input score 89; 29th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 65th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 60.6%; rating input score 94; 94th percentile among comparable filings
  • Total-asset coverage ratio: 15.36; rating input score 89; 89th percentile among comparable filings
  • Liabilities to assets ratio: 0.32; rating input score 55; 55th percentile among comparable filings
  • Officer compensation ratio: 3.5%; rating input score 37; 37th percentile among comparable filings

Growth

  • Program expense growth: 8.8% per year; rating input score 100; 63rd percentile among comparable filings
  • Revenue growth: 7.2% per year; rating input score 100; 57th percentile among comparable filings
  • Asset growth: 10.6% per year; rating input score 100; 72nd percentile among comparable filings

Details

  • What they do: 3 programs and campaigns described on the official site · 1 operating location identified
  • Where the money goes: 59.3% of revenue deployed · 94.3% of spending went to programs
  • Governance: 15 of 15 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $20.6M in reported program spending
  • Leadership: top reported pay $276K · 20 people listed · 2 of 6 pay-setting controls reported
  • Highest-paid contractors: 2 contractors listed · $431K reported
  • Consistency: 36 of 38 current checks pass · 2 findings to review
  • Schedules: 7 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 15 filing years from 2010 to 2025
  • Contacts: How to reach this organization
  • Money network: 186 filed money-flow records
  • Related organizations: 177 filed related-organization links
  • 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

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

  • Review — Financial Efficiency: Mission deployment rate scored 59/100.
  • Moderate — Sustainability: Officer compensation ratio scored 37/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Review — Sustainability: Liabilities to assets ratio scored 55/100.