Impetus Foundation

San Antonio, TX
Tax-exempt since March 2010
EIN: 27-1602489

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$32.1M (2024)

Expenses

$9.58M (2024)

Total Assets

$275M (2024)

Total Liabilities

$0 (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Revenue

$32,128,450

Expenses

$9,583,343

Net Income

$22,545,107

Net Assets

$274,929,383

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$16,000,000	49.8%
Interest Revenue	$2,771,262	8.6%
Dividends	$4,814,177	15.0%
Sales of Assets	$8,543,011	26.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$7,834,934	81.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$274,929,383
Total Liabilities	$0
Net Assets	$274,929,383

Compensation

Key Employees and Officers	Compensation	Other
Maria Alvarez (Trustee)	$0	$0

990-PF

Filed on March 12, 2025

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2023

Revenue

$7,635,616

Expenses

$13,552,468

Net Income

-$5,916,852

Net Assets

$252,384,275

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$2,270,681	29.7%
Dividends	$5,244,321	68.7%
Sales of Assets	-$223,556
Other Income	$344,170	4.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$12,244,092	90.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$252,384,275
Total Liabilities	$0
Net Assets	$252,384,275

Compensation

Key Employees and Officers	Compensation	Other
Carlos Alvarez (Trustee)	$0	$0

990-PF

Filed on March 1, 2024

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$23,038,604

Expenses

$13,232,663

Net Income

$9,805,941

Net Assets

$258,301,124

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$18,000,000	78.1%
Interest Revenue	$1,874,468	8.1%
Dividends	$3,101,970	13.5%
Sales of Assets	$60,691	0.3%
Other Income	$1,475	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$11,192,500	84.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$258,301,124
Total Liabilities	$0
Net Assets	$258,301,124

Compensation

Key Employees and Officers	Compensation	Other
Carlos Alvarez (Trustee)	$0	$0

990-PF

Filed on May 9, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$85,291,192

Expenses

$23,479,857

Net Income

$61,811,335

Net Assets

$248,495,187

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$52,000,000	61.0%
Interest Revenue	$2,060,545	2.4%
Dividends	$2,128,629	2.5%
Sales of Assets	$29,102,018	34.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$22,103,645	94.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$248,495,187
Total Liabilities	$0
Net Assets	$248,495,187

Compensation

Key Employees and Officers	Compensation	Other
Carlos Alvarez (Trustee)	$0	$0

990-PF

Filed on June 8, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

$6,887,483

Expenses

$12,404,877

Net Income

-$5,517,394

Net Assets

$186,683,851

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,912,697	27.8%
Dividends	$1,957,087	28.4%
Sales of Assets	$3,017,699	43.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$11,398,741	91.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$186,683,852
Total Liabilities	$1
Net Assets	$186,683,851

Compensation

Key Employees and Officers	Compensation	Other
Carlos Alvarez (Trustee)	$0	$0

990-PF

Filed on April 7, 2021

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$46,278,722

Expenses

$9,901,179

Net Income

$36,377,543

Net Assets

$192,201,245

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$37,000,000	80.0%
Interest Revenue	$2,052,881	4.4%
Dividends	$2,543,331	5.5%
Sales of Assets	$4,682,510	10.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$8,656,811	87.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$192,201,246
Total Liabilities	$1
Net Assets	$192,201,245

Compensation

Key Employees and Officers	Compensation	Other
Carlos Alvarez (Trustee)	$0	$0

990-PF

Filed on June 3, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2018

Revenue

$32,689,914

Expenses

$9,262,601

Net Income

$23,427,313

Net Assets

$155,823,703

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$25,000,000	76.5%
Interest Revenue	$1,580,751	4.8%
Dividends	$1,727,084	5.3%
Sales of Assets	$4,376,242	13.4%
Other Income	$5,837	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$8,285,133	89.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$155,823,703
Total Liabilities	$0
Net Assets	$155,823,703

Compensation

Key Employees and Officers	Compensation	Other
Carlos Alvarez (Trustee)	$0	$0

990-PF

Filed on May 10, 2019

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2017

Revenue

$24,080,041

Expenses

$5,835,196

Net Income

$18,244,845

Net Assets

$132,396,390

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$19,300,000	80.1%
Interest Revenue	$1,214,720	5.0%
Dividends	$1,212,437	5.0%
Sales of Assets	$2,314,319	9.6%
Other Income	$38,565	0.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$5,023,575	86.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$132,396,390
Total Liabilities	$0
Net Assets	$132,396,390

Compensation

Key Employees and Officers	Compensation	Other
Carlos Alvarez (Trustee)	$0	$0

990-PF

Filed on April 20, 2018

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2016

Revenue

$19,903,445

Expenses

$3,942,467

Net Income

$15,960,978

Net Assets

$114,151,546

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$17,000,000	85.4%
Interest Revenue	$1,223,079	6.1%
Dividends	$1,019,509	5.1%
Sales of Assets	$630,435	3.2%
Other Income	$30,422	0.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,330,000	84.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$114,151,546
Total Liabilities	$0
Net Assets	$114,151,546

Compensation

Key Employees and Officers	Compensation	Other
Carlos Alvarez (Trustee)	$0	$0

990-PF

Filed on May 10, 2017

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2015

Revenue

$22,246,366

Expenses

$8,578,456

Net Income

$13,667,910

Net Assets

$98,190,567

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$18,000,000	80.9%
Interest Revenue	$640,218	2.9%
Dividends	$1,293,965	5.8%
Sales of Assets	$2,305,542	10.4%
Other Income	$6,641	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$7,960,000	92.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$98,190,567
Total Liabilities	$0
Net Assets	$98,190,567

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2014

Revenue

$29,983,560

Expenses

$1,884,144

Net Income

$28,099,416

Net Assets

$84,522,657

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$25,000,000	83.4%
Interest Revenue	$543,406	1.8%
Dividends	$1,220,708	4.1%
Sales of Assets	$3,184,565	10.6%
Other Income	$34,881	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,396,000	74.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$84,522,657
Total Liabilities	$0
Net Assets	$84,522,657

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Revenue

$10,911,976

Expenses

$2,452,845

Net Income

$8,459,131

Net Assets

$56,423,241

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$7,000,000	64.1%
Interest Revenue	$462,904	4.2%
Dividends	$751,678	6.9%
Sales of Assets	$2,674,568	24.5%
Other Income	$22,826	0.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,120,000	86.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$56,423,241
Total Liabilities	$0
Net Assets	$56,423,241

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Revenue

$5,129,048

Expenses

$959,065

Net Income

$4,169,983

Net Assets

$47,964,110

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$3,200,000	62.4%
Interest Revenue	$477,483	9.3%
Dividends	$853,582	16.6%
Sales of Assets	$587,665	11.5%
Other Income	$10,318	0.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$605,000	63.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$47,964,110
Total Liabilities	$0
Net Assets	$47,964,110

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$15,653,710

Expenses

$456,740

Net Income

$15,196,970

Net Assets

$43,794,127

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$5,529,836	35.3%
Interest Revenue	$171,505	1.1%
Dividends	$647,081	4.1%
Sales of Assets	$9,266,351	59.2%
Other Income	$38,937	0.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$0
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$43,794,127
Total Liabilities	$0
Net Assets	$43,794,127

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2010

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

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The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

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Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

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Impetus Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $32.1M (2024)

Expenses $9.58M (2024)

Total Assets $275M (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Revenue

$32.1M (2024)

Expenses

$9.58M (2024)

Total Assets

$275M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010