SOMBRERO FESTIVAL LTD Charity Report

Public IRS 990 nonprofit record

SOMBRERO FESTIVAL LTD

EIN 74-2485148 · Homeowners & Tenants Associations (L50)

What they do

This Non-profit Organization is Organized to Provide Greater Opportunity for The Citizens of Brownsville to Participate More Fully In The Charro Days Festivities By Sponsoring Additional Family Oriented Activities and to Enhance The Image of Brownsville Through Projects Such As Beautification, Tourism and Recreation.

Before you give

Should I give to this charity?

Easy charity check

The spending raises an important question

Of every $100 spent, about $23.00 was reported for mission work and $0.00 for fundraising. Understand this before you give.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2023The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders34 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

8.29%of revenue went to mission work23.0% of expenses · Program services

$29.77spent for every $100 of revenueRevenue covered expenses this year.

27.80%of revenue went to management and office costs77.0% of expenses

$25.14in assets for every $1 spent this yearSome assets cannot be spent right away.

142.3%of its money came from giftsOther money may come from services or investments.

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Is this really the charity? Give only through its official website or confirmed phone number.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2023

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$214,534

Mission workProgram services$17,7848.29% of revenue23.0% of expenses

ManagementOffice and general costs$59,63427.80% of revenue77.0% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$137,11663.91% of revenueShown in gray on the chart

Total expenses$77,41836.09% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Pause before giving. This filing reports that 0.0% of spending went to fundraising and 23.0% went to mission work. Ask the charity to explain these numbers and show recent results.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2023CurrentExpense mix: 23.0% mission · 77.0% management · 0.0% fundraisingTotal expenses: 36.09% of revenue

2022Expense mix: 27.0% mission · 73.0% management · 0.0% fundraisingTotal expenses: 12.90% of revenue

2021Expense mix: 37.0% mission · 63.0% management · 0.0% fundraisingTotal expenses: 66.65% of revenue

2020Expense mix: 28.1% mission · 71.9% management · 0.0% fundraisingTotal expenses: 591.03% of revenue

2019Expense mix: 86.7% mission · 12.5% management · 0.8% fundraisingTotal expenses: 76.27% of revenue

2018Expense mix: 84.2% mission · 14.9% management · 0.9% fundraisingTotal expenses: 46.78% of revenue

2017Expense mix: 80.8% mission · 17.9% management · 1.2% fundraisingTotal expenses: 34.99% of revenue

2016Expense mix: 82.7% mission · 15.9% management · 1.5% fundraisingTotal expenses: 30.72% of revenue

Money in and money out

Revenue$260,083

Expenses$77,418

Annual surplus $182,665 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$17,784 · 23.0% of expenses

Management and office costs$59,634 · 77.0% of expenses

See all reported dollar amounts

Revenue$260,083

Expenses$77,418

Assets$1,946,286

Income$1,855,143

Contributions$370,027

Mission work (program services)$17,784

Grants given$18,987

Average grant$6,329

Management and general$59,634

Accounting fees$1,450

People

Leadership and board

Tax year 2023

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (34)

ROBERT LERMADIRECTOR

MARGARITO MALDONADOHQ OPS.

MARK BARNARDDIRECTOR

MARY JANE JACKSONDIRECTOR

NEAL MATHERSDIRECTOR

NORMA GOMEZDIRECTOR

OLGA GONZALEZCHAIRMAN/CEO

PATRICIA H GONZALEZDIRECTOR

PONCHO GOMEZDIRECTOR

LUPITA VERADIRECTOR

ROBERTO H SOLISDIRECTOR

ROY DE LOS SANTOS JRCOO

SAMMY HERRERADIRECTOR

SANDRA HERRERADIRECTOR

SERGIO RODRIGUEZDIRECTOR

TOMMY BERMUDEZSECRETARY

VIRTUALDIRECTOR

DAVID VELADIRECTOR

ADRIAN GARCIADIRECTOR

ALONSO BARRIENTESDIRECTOR

ANIKA AVILESCFO

CONNIE HENSLEYDIRECTOR

DANIEL ALANIZDIRECTOR

DANNY LOFFDIRECTOR

DAVID HANAWADIRECTOR

DAVID MUSSODIRECTOR

A ROY GONZALEZDIRECTOR

DILLON VANDERFORDDIRECTOR

EMILY MATHERSDIRECTOR

GABRIEL PENADIRECTOR

JACK LOFFDIRECTOR

JJ GONZALEZGM

JOSE LUIS MARTINEZDIRECTOR

LETTY RODRIGUEZDIRECTOR

About this charity

Recognized since: January 1988
Location: PO BOX 5240, BROWNSVILLE, TX 78523-5240
County: Cameron
In care of: OLGA GONZALEZ
Primary officer: OLGA GONZALEZ, Chairperson & CEO

How to reach them

WebsiteVisit the charity’s website Emailinfo@sombrerofestival.com Phone(956) 550-9682

Filing and classification

Latest tax year: 2023
Tax period began: October 1, 2023
Return type: 990
Tax preparer: HAYNIE & COMPANY
NTEE classification: Homeowners & Tenants Associations (L50)
IRS tax category: Homeowners & Tenants Associations
Grant-giving organization: Yes