Nonprofit · EIN 45-3420216
GVEC CHARITABLE FOUNDATION
Tax-exempt · GONZALES, TX 78629
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $411,884 | $412,718 | -$834 | $180,601 | $2,924 | $177,677 |
| December 31, 2023 | 990 | $389,082 | $341,999 | $47,083 | $182,057 | $3,546 | $178,511 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $411,884
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $407,735
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $3,450
- Program services (functional)
- $407,735
- Management and general (functional)
- $4,983
Balance sheet and other
- Total assets, start of year
- $182,057
- Total assets, end of year
- $180,601
- Total liabilities, end of year
- $2,924
- Net assets, end of year
- $177,677
- Net assets without donor restrictions
- $177,677
- Gross receipts
- $411,884
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2011
- State of legal domicile
- TX
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| SEAN ALVAREZ | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $516,719 | $68,234 |
| GARY KORN | PRESIDENT Trustee or director, Officer | 1 | $0 | $386,289 | $60,311 |
| CEASON BARNICK | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 | $254,801 | $58,374 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| SEAN ALVAREZ | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $505,555 | $62,967 |
| GARY KORN | PRESIDENT Trustee or director, Officer | 1 | $0 | $351,166 | $55,907 |
| CEASON BARNICK | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 | $245,796 | $53,058 |
Address and contacts
- Address (IRS master file)
- 825 E SARAH DEWITT DR, GONZALES, TX 78629-2018
- Principal officer (990 for 2024)
- CEASON BARNICK, 825 E SARAH DEWITT DRIVE, GONZALES, TX 78629
- Signed the 990
- CEASON BARNICK, SECRETARY/TREASURER
- Phone
- (830) 857-1200
- Return prepared by
- BOLINGER SEGARS GILBERT AND MOSS LLP
Mission
TO PROVIDE FUNDING ASSISTANCE TO LOCAL NON-PROFIT GROUPS AND CIVIC ORGANIZATIONS FOR COMMUNITY DEVELOPMENT AND IMPROVEMENT PROJECTS AND PROVIDE ASSISTANCE FOR LOW INCOME INDIVIDUALS WITHIN THE GUADALUPE VALLEY ELECTRIC COOPERATIVE SERVICE AREA.
Program accomplishments
- TO PROVIDE ASSISTANCE TO NEEDY INDIVIDUALS WITH THEIR UTILITY BILLS AND THROUGH DONATIONS TO LOCAL NON-PROFIT GROUPS AND CIVIC ORGANIZATIONS. DURING 2024, 186 INDIVIDUALS AND 21 NOT FOR PROFIT ORGANIZATION OR GOVERNMENTAL ENTITIES RECEIVED ASSISTANCE FROM THE FOUNDATION.Expenses $407,735 · grants $407,735
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 45-3420216
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2012
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L82)
- Assets (IRS master file)
- $180,601
- Income (IRS master file)
- $411,884
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $411,884 | $412,718 | $180,601 | XML |
| 990 | December 2023 | $389,082 | $341,999 | $182,057 | XML |
| 990 | December 2022 | $367,341 | $400,895 | $135,213 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 45-3420216).
Questions about GVEC CHARITABLE FOUNDATION
- What is the EIN of GVEC CHARITABLE FOUNDATION?
- The employer identification number (EIN) of GVEC CHARITABLE FOUNDATION is 45-3420216.
- Is GVEC CHARITABLE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
- Are donations to GVEC CHARITABLE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GVEC CHARITABLE FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of GVEC CHARITABLE FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GVEC CHARITABLE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of GVEC CHARITABLE FOUNDATION?
- The 990 for the year ended December 31, 2024 names CEASON BARNICK.
- Who are the officers and directors of GVEC CHARITABLE FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does GVEC CHARITABLE FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $411,884, expenses of $412,718 and total assets of $180,601 at year end.
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