VALERO ENERGY FOUNDATION Charity Report

Public IRS 990 nonprofit record

VALERO ENERGY FOUNDATION

EIN 74-2904514 · Federated Giving Programs (T70)

What they do

THE ORGANIZATIONS MISSION is to COLLABORATE WITH NONPROFIT PARTNERS ACROSS THE UNITED STATES to FOSTER IMPROVED QUALITY of LIFE and CREATE MEASURABLE IMPACT WHERE UNMET NEEDS EXIST IN COMMUNITIES. IN FURTHERANCE of THIS MISSION, THE ORGANIZATION WILL CONTRIBUTE FUNDS GENERATED FROM FUNDRAISING THROUGH GOLF and GOLF-RELATED ACTIVITIES to ITS TAX-EXEMPT, NON-PROFIT PARTNERS.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $99.10 was reported for mission work. Use the spending picture below and ask what results that work produced.

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 leaders14 people are listed in the latest report.

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

Money made simple

100.69%of revenue went to mission work99.1% of expenses · Program services

0.39%of revenue went to fundraising0.4% of expenses

$101.58spent for every $100 of revenueSpending was higher than revenue this year.

0.50%of revenue went to management and office costs0.5% of expenses

$1.72in assets for every $1 spent this yearSome assets cannot be spent right away.

220.6%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $172,670 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $83,795 for SEYMOUR BATTLE (SENIOR VICE PRESIDENT). Compare pay with organizations of similar size and complexity.

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$10,902,171

Mission workProgram services$10,977,620100.69% of revenue99.1% of expenses

ManagementOffice and general costs$54,7690.50% of revenue0.5% of expenses

FundraisingAsking for donations$42,4520.39% of revenue0.4% of expenses

Total expenses$11,074,841101.58% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

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: 99.1% mission · 0.5% management · 0.4% fundraisingTotal expenses: 101.58% of revenue

2022Expense mix: 99.8% mission · 0.2% management · 0.0% fundraisingTotal expenses: 106.76% of revenue

2021Expense mix: 99.1% mission · 0.9% management · 0.0% fundraisingTotal expenses: 122.94% of revenue

2020Expense mix: 99.8% mission · 0.2% management · 0.0% fundraisingTotal expenses: 201.17% of revenue

2019Expense mix: 99.5% mission · 0.5% management · 0.0% fundraisingTotal expenses: 184.43% of revenue

Money in and money out

Revenue$10,902,171

Expenses$11,074,841

Annual shortfall $172,670 Expenses were higher than revenue 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)$10,977,620 · 99.1% of expenses

Management and office costs$54,769 · 0.5% of expenses

Fundraising$42,452 · 0.4% of expenses

See all reported dollar amounts

Revenue$10,902,171

Expenses$11,074,841

Assets$19,066,083

Income$32,022,002

Contributions$24,055,286

Mission work (program services)$10,977,620

Fundraising$42,452

Grants given$62,400,079

Average grant$12,480,016

Management and general$54,769

Accounting fees$48,030

People

Leadership and board

Tax year 2023

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

People reported as paid

Person and titleCompensation

SEYMOUR BATTLESENIOR VICE PRESIDENT · 8 hrs/week $83,795Base · Other $83,795

KARI WACLAWCZYKCORPORATE SPONSORSHIP OFFICER · 10 hrs/week $73,180Base · Other $73,180

LAURA J VACCAROVP $40,426Base · Other $40,426

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (14)

SEYMOUR BATTLESENIOR VICE PRESIDENT

KARI WACLAWCZYKCORPORATE SPONSORSHIP OFFICER

LAURA J VACCAROVP

CHERYL L THOMASSENIOR VICE PRES. AND CIO

ETHAN A JONESASSISTANT SECRETARY

GARY K SIMMONSEXEC. VICE PRES. AND COO

HARMINDER S BHULLARVICE PRESIDENT

JASON W FRASEREXEC VP/CFO

JOHN P LOCKEVP, TREASURER

JUDE A DWORACZYKASSISTANT SECRETARY

JULIA R REINHARTSVP, CHIEF HUMAN RESOURCES OFF

R LANE RIGGSPRESIDENT, CEO

RICHARD J WALSHSVP, GEN COUNSEL, SECRETARY

STEPHANIE A WERSELLSVP

About this charity

Recognized since: January 1999
Location: POBOX 696000 ATTN CORP TAX, SAN ANTONIO, TX 782696000
County: Bexar
In care of: STEPHANIE A WERSELL
Primary officer: STEPHANIE A WERSELL, SVP

How to reach them

Phone(210) 345-2000

Filing and classification

Latest tax year: 2023
Tax period began: October 1, 2023
Return type: 990
Tax preparer: KPMG LLP
NTEE classification: Federated Giving Programs (T70)
IRS tax category: Federated Giving Programs
Grant-giving organization: Yes