San Antonio Area Foundation
86% goes to programs $1 to raise $100 Strong reserves Declining revenue
San Antonio Area Foundation is a 501(c)(3) organization based in San Antonio, Texas, registered in 2002, with $108,029,836 in FY2024 revenue. CharityIndex grades it A, and it directs about 86% of spending to programs.
155 Concord Plaza Dr Ste 301, San Antonio, TX, 78216 EIN 74-6065414 Since 2002
Revenue (FY2024)
$108.0M
▲ 59.4% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$56.5M
Net assets
$619.2M
Employees
54
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating86% to programs · $1 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For San Antonio Area Foundation: 86% to programs · $1 to raise $100 earns a A on this criterion. See the exact thresholds →
B+Financial health25% of the rating132 mo reserves · +48% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For San Antonio Area Foundation: 132 mo reserves · +48% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For San Antonio Area Foundation: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For San Antonio Area Foundation: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
The san antonio area foundation serves as your most trusted and impactful philantrhopic partner. the area foundation strives to close opportunity gaps for those who need it most.
What they do
The san antonio area foundation is supporting and sustaining nonprofits in bexar and the surrounding counties.
The san antonio area foundation is helping to increase graduation rates through our high school completion initiative. grants are awarded to nonprofits that provide out-of-school time programs to bexar county students in third through ninth grades.
Successfully aging and living in san antonio (salsa) is the san antonio area foundation's latest initiative to create a community where older adults are respected, thrive and enjoy connected lives.
Contact & location
- Address
- 155 Concord Plaza Dr Ste 301, San Antonio, TX, 78216
- City
- San Antonio
- State
- Texas
- Subcategory
- Public Foundations
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $39.6M (FY2014) to $108.0M (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $21.5MNet assets $619.2M
Operating margin
47.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$640.7M
Total liabilities
$21.5M
Net assets
$619.2M
Salaries & benefits
$5.9M
10% of expenses
Board members
14
14 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $108,029,836▲59.4% | $56,455,475▲20.2% | $619,204,238▲9.3% | $640,685,033▲7.8% | 990 |
| 2023 | $67,776,278▼1.6% | $46,974,424▼15.4% | $566,557,256▲11.0% | $594,225,008▲13.0% | 990 |
| 2022 | $68,911,493▼64.3% | $55,540,535▲13.0% | $510,397,377▼10.2% | $525,679,071▼10.5% | 990 |
| 2021 | $192,937,536▲145% | $49,141,721▼25.6% | $568,412,422▲44.8% | $587,345,748▲43.4% | 990 |
| 2020 | $78,878,697▼40.2% | $66,027,035▲69.6% | $392,627,683▲12.6% | $409,727,668▲12.6% | 990 |
| 2019 | $131,999,201▲166% | $38,927,260▼11.1% | $348,837,518▲54.9% | $363,969,632▲46.2% | 990 |
| 2018 | $49,550,967▼8.3% | $43,808,261▼20.8% | $225,165,951▼7.7% | $249,001,761▼6.3% | 990 |
| 2017 | $54,022,364▲33.4% | $55,345,123▼11.7% | $243,953,713▼64.9% | $265,821,348▼65.4% | 990 |
| 2016 | $40,486,869▼92.7% | $62,666,051▲36.3% | $694,190,213▲2.6% | $767,765,926▲3.5% | 990 |
| 2015 | $552,472,959▲1296% | $45,971,541▲73.1% | $676,859,529▲264% | $741,607,807▲245% | 990 |
| 2014 | $39,587,186 | $26,556,632▲28.3% | $186,050,301▼0.4% | $214,846,567▲13.5% | 990 |
| 2010 | — | $20,696,858 | $186,857,099 | $189,306,480 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Nadege Souvenir — $338,055 (0.60% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Nadege Souvenir | Chief Executive Officer | 44 | $338,055 |
| Lori Madla | Executive Assistant (until 8/14/24) | 40 | $319,417 |
| Lisa Brunsvold | Chief Development Oficer | 44 | $312,075 |
| Arenda Burns | Chief Operating Officer | 44 | $254,421 |
| April Hansard | Chief Financial Officer | 44 | $217,032 |
| Jennifer Cook | Director of Strategy and Impact | 40 | $167,129 |
| Jane Paccione | Managing Director of Collective Impact | 40 | $131,564 |
| Elise Parma | Accounting Manager | 38 | $121,820 |
| Hernan Rozemberg | Executive Director of Marketing and Communications | 40 | $117,683 |
| Ryan Lugalia-hollon | Chief Impact Officer | 44 | $53,568 |
| Alex Perez | Chairman | 2 | — |
| Barbara Barbie O'connor | Chair-elect (until 10/4/2024) | 2 | — |
| Blake Hastings | Director (until 5/4/2024) | 1 | — |
| David Komet | Director | 1 | — |
| Debbie Serot | Director | 1 | — |
| Dr Morris Stribling | Director | 1 | — |
| General Tom Hill | Past Chair | 2 | — |
| Gurpaul Singh | Director | 1 | — |
| Harry W Wolff Jr | Director | 1 | — |
| Jorge Elizondo | Director | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Nepc LLC | Investment Management | $360,728 |
| Rsm Us LLP | Professional Services | $324,107 |
| Crewcial Partners LLC | Investment Management | $213,594 |
| Kittleman and Associates LLC | Professional Services | $106,667 |
Grants received · $7.5M total
79 grants to San Antonio Area Foundation totaling $7.5M, reported by foundations on their Schedule I filings — showing the 15 most recent.
Grants made · $35.4M in FY2024
379 grants totaling $35.4M in FY2024 — showing the 15 largest. All grants made by San Antonio Area Foundation →
| Recipient | Purpose | Amount |
|---|---|---|
| Raymond James Charitable Endowment Fund | General support | $3,197,710 |
| American National Red Cross | General support | $1,518,344 |
| United Way of San Antonio & Bexar County | General support | $1,358,848 |
| University of Texas Foundation | General support | $1,020,500 |
| Aid the Silent | General support | $1,006,618 |
| The Community Foundation of the Texas Hill Country Inc | General support | $1,001,403 |
| San Antonio Food Bank Inc | General support | $809,350 |
| Brighton Center | General support | $760,000 |
| Communities In Schools of San Antonio | General support | $735,000 |
| Haven For Hope of Bexar County | General support | $660,750 |
| Nancy B Negley Artists Residency Program | General support | $640,000 |
| Liftfund Inc | General support | $545,500 |
| Center For Applied Science & Technology Network | General support | $507,339 |
| Ut Health San Antonio | General support | $468,697 |
| Classical Music Institute Cmi | General support | $466,286 |
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Frequently asked questions
- Is San Antonio Area Foundation a legitimate nonprofit?
- Yes. San Antonio Area Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 74-6065414, based in San Antonio, Texas. Donations are tax-deductible.
- What is San Antonio Area Foundation's EIN?
- San Antonio Area Foundation's Employer Identification Number (EIN) is 74-6065414.
- How much revenue does San Antonio Area Foundation report?
- San Antonio Area Foundation reported $108,029,836 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of San Antonio Area Foundation's spending goes to programs?
- San Antonio Area Foundation spends about 86% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does San Antonio Area Foundation have?
- CharityIndex grades San Antonio Area Foundation A, based on program efficiency and fundraising cost.
- How much does San Antonio Area Foundation's highest-paid employee make?
- The highest reported compensation on San Antonio Area Foundation's latest Form 990 is $338,055, paid to Nadege Souvenir (Chief Executive Officer).
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Data for San Antonio Area Foundation (EIN 74-6065414) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.