Visit Austin Foundation

Nonprofit profile at a glance

EIN
824997347
IRS 990-EZ coverage
2020–2024
Forms available
Form 990-EZ 2024
Location
Austin, TX, USA
Phone
5124745171
Rating
66
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Scholarships, Student Financial Aid Services, Awards

Reported finances

Revenue
$118,754
Expenses
$19,566
Assets
$353,755
Liabilities
$25,000

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

Leadership & pay

12 people listed

People named in this filing

  • JOE BOLASH (DIRECTOR)
  • JERRY CONWAY (DIRECTOR)
  • MICHELLE COSTANZO (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 develop and promote education, job training and career opportunities within the hospitality, music and tourism community in the greater austin area.

What it reported doing in 2024

This year, the organization grew its reach by raising over $115k, hosting the highest-attended give back gig to date while keeping overall expenses below the prior year. Give back gig raised $67,023 in revenue and secured $80,000 in in-kind support, while providing travis early college high school culinary students with meaningful gifts, awards, mentorship, media visibility, and direct exposure to austin's hospitality and culinary industry. More than a fundraiser, the event served as a workforce development platform that highlighted the value of aisd's culinary and hospitality training program, demonstrated industry support during a time of district budget constraints, and positioned students as austin's next generation of talent.the organization deepened industry engagement through sold out events like thanks fore giving, participated in amplify austin day, and facilitated the 2025 austin heart of hospitality award & scholarship.

Operating model

Revenue model
Earned-program. 93% of the money available for current operations came from fees and other program revenue.
Distribution model
Hybrid. The nonprofit split its reported program spending across 80% for direct work, and 20% for 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 liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 48
  • Transparency & Controls: 82
  • Sustainability: 86
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 16.5%; rating input score 16
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

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

Sustainability

  • Operating margin: 83.5%; rating input score 98; 98th percentile among comparable filings
  • Total-asset coverage ratio: 18.08; rating input score 99; 99th percentile among comparable filings
  • Liabilities to assets ratio: 0.07; rating input score 27; 27th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 45.6% per year; rating input score 100; 90th percentile among comparable filings
  • Revenue growth: 46.9% per year; rating input score 100; 95th percentile among comparable filings
  • Asset growth: 48.4% per year; rating input score 100; 93rd percentile among comparable filings

Details

  • Where the money goes: 16.5% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $20K in reported program spending
  • Leadership: top reported pay $0 · 12 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 5 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Related organizations: Filed and resolved organization relationships.
  • 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 16/100.
  • High — Sustainability: Liabilities to assets ratio scored 27/100.