Valero Energy Foundation
EIN: 742904514 · San Antonio, TX · NTEE: T70
| Metric | Value |
|---|---|
| Total Revenue | $32.0M |
| Total Expenses | $11.0M |
| Net Assets | $8.0M |
Is Valero Energy Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Valero Energy Foundation
Valero Energy Foundation (EIN: 742904514) is a nonprofit organization based in San Antonio, TX, classified under NTEE code T70. The organization reported total revenue of $32.0M and total assets of $19.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Valero Energy Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Valero Energy Foundation is a large nonprofit that has been operating for 27 years, with 9 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -7.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $10.3M |
| Total Expenses | $11.0M |
| Surplus / Deficit | $-696,073 |
| Total Assets | $18.1M |
| Total Liabilities | $10.1M |
| Net Assets | $8.0M |
| Operating Margin | -6.8% |
| Debt-to-Asset Ratio | 55.8% |
| Months of Reserves | 19.8 months |
Financial Health Grade: C
In 2023, Valero Energy Foundation reported a deficit of $696K with expenses exceeding revenue, holds 19.8 months of operating reserves (strong position), has a debt-to-asset ratio of 55.8% (high leverage).
Financial Trends
Over 9 years of filings (2011–2023), Valero Energy Foundation's revenue has declined at a compound annual growth rate (CAGR) of -7.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.9% | -4.6% | -13.3% |
| 2022 | +3.9% | -36.5% | -23.2% |
| 2021 | +31.4% | +43.4% | -22.5% |
| 2020 | -75.6% | -50.3% | -27.9% |
| 2019 | +4.6% | +30.6% | +14.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1999 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Valero Energy Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Valero Energy Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $696K, with expenses exceeding revenue.
- Debt-to-asset ratio: 55.8%.
Frequently Asked Questions about Valero Energy Foundation
Is Valero Energy Foundation a legitimate charity?
Valero Energy Foundation (EIN: 742904514) is a registered tax-exempt nonprofit based in Texas. It has 9 years of IRS 990 filings on record. Total revenue: $32.0M. No red flags identified. Financial health grade: C.
How does Valero Energy Foundation spend its money?
Valero Energy Foundation reported $32.0M in total revenue in IRS 990 filings. 9 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Valero Energy Foundation tax-deductible?
Valero Energy Foundation is registered as a tax-exempt nonprofit (EIN: 742904514). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Valero Energy Foundation located?
Valero Energy Foundation is headquartered in San Antonio, Texas and files with the IRS under EIN 742904514. It is classified under NTEE code T70.
How many years of IRS 990 filings does Valero Energy Foundation have?
Valero Energy Foundation has 9 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $32.0M in total revenue.
Filing History
IRS 990 filing history for Valero Energy Foundation showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2023), Valero Energy Foundation's revenue has declined by 60.4%, moving from $26.0M to $10.3M. Total assets decreased by 44.9% over the same period, from $32.9M to $18.1M. Total functional expenses fell by 53%, from $23.4M to $11.0M. In its most recent filing year (2023), Valero Energy Foundation reported a deficit of $696K, with expenses exceeding revenue. The organization holds $10.1M in liabilities against $18.1M in assets (debt-to-asset ratio: 55.8%), resulting in net assets of $8.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $10.3M | $11.0M | $18.1M | $10.1M | — | View 990 |
| 2022 | $9.4M | $11.5M | $20.9M | $12.2M | — | View 990 |
| 2021 | $9.0M | $18.2M | $27.2M | $16.4M | — | View 990 |
| 2020 | $6.9M | $12.7M | $35.2M | $15.2M | — | View 990 |
| 2019 | $28.2M | $25.5M | $48.7M | $22.7M | — | View 990 |
| 2018 | $26.9M | $19.5M | $42.6M | $19.2M | — | View 990 |
| 2017 | $26.2M | $24.4M | $34.6M | $14.2M | — | View 990 |
| 2012 | $14.8M | $15.4M | $32.2M | $0 | — | View 990 |
| 2011 | $26.0M | $23.4M | $32.9M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $10.3M, expenses of $11.0M, and assets of $18.1M (revenue +9.9% year-over-year).
- 2022: Revenue of $9.4M, expenses of $11.5M, and assets of $20.9M (revenue +3.9% year-over-year).
- 2021: Revenue of $9.0M, expenses of $18.2M, and assets of $27.2M (revenue +31.4% year-over-year).
- 2020: Revenue of $6.9M, expenses of $12.7M, and assets of $35.2M (revenue -75.6% year-over-year).
- 2019: Revenue of $28.2M, expenses of $25.5M, and assets of $48.7M (revenue +4.6% year-over-year).
- 2018: Revenue of $26.9M, expenses of $19.5M, and assets of $42.6M (revenue +2.8% year-over-year).
- 2017: Revenue of $26.2M, expenses of $24.4M, and assets of $34.6M (revenue +76.9% year-over-year).
- 2012: Revenue of $14.8M, expenses of $15.4M, and assets of $32.2M (revenue -43.2% year-over-year).
- 2011: Revenue of $26.0M, expenses of $23.4M, and assets of $32.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Valero Energy Foundation:
Data Sources and Methodology
This transparency report for Valero Energy Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.