Suenos Foundation
Nonprofit profile at a glance
- EIN
- 923222958
- IRS 990 coverage
- 2023–2024
- Forms available
- Form 990 2024
- Location
- Austin, TX, USA
- Phone
- 7373518354
- Rating
- 53
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Human Service Organizations
Reported finances
- Revenue
- $1,164,709
- Expenses
- $15,361
- Assets
- $1,270,779
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- CATALINA GRACIA (BOARD PRESIDENT)
Highest reported compensation
- VICTOR GARZA (BOARD MEMBER): $138,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of the suenos foundation is to connect vulnerable populations with comprehensive services and resources that aim to provide a brighter future abundant with promise, prosperity, and peace.
What it reported doing in 2024
Legal support can transform lives, but for many youth, navigating the legal system needs individualized support and services. The suenos foundation will identify their specific needs and connect them with representation in various legal services areas, including immigration, criminal, and family and probate law. The suenos foundation was established to support youth and families in underserved communities. The organization will provide support and services to underserved youth and families who have exhausted services previously provided by southwest key programs, an established section 501(c)(3) charitable organization. The organization will launch and support initiatives that educate and mobilize youth and families who are seeking support services to enhance their knowledge and skill set after receiving services from southwest key programs. The organization will provide case management and mentorship to provide youth and families with the ability to transition from southwest key program's care to a continuum of services and resources that will ultimately empower them to succeed and improve their quality of life. The organization will provide services and resources in the following areas: (i) legal services, (ii) mental health services, and (iii) education services.
Operating model
- Revenue model
- Affiliate-supported. 87% of the money available for current operations came from contributions from related organizations.
- Distribution model
- No current program activity. The filing reports no program spending for the current year.
The verdict
MIXED - The filed numbers largely add up and most voting board members are independent. 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: 9
- Transparency & Controls: 92
- Accountability: 82
- Sustainability: 87
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
- Fundraising efficiency: $75.82 raised per $1 spent on fundraising; rating input score 83; 83rd percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 80%; rating input score 80; 18th percentile among comparable filings
- Governance controls: 6 of 7 controls in place; rating input score 86
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 98.7%; rating input score 100; 100th percentile among comparable filings
- Total-asset coverage ratio: 82.73; rating input score 99; 99th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
- Officer compensation ratio: Limited
Growth
- Program expense growth: -200% per year; rating input score 0; 0th percentile among comparable filings
- Revenue growth: -12.6% per year; rating input score 0; 2nd percentile among comparable filings
- Asset growth: 11.9% per year; rating input score 100; 64th percentile among comparable filings
Details
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: 4 of 5 board members independent · 6 of 7 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $138K · 5 people listed
- Consistency: 16 of 16 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 2 filing years from 2023 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: 1 filed related-organization link
- 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 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Accountability: Governance controls: Document-retention policy not reported.