Los Charros Foundation Inc

Overview

Los Charros Foundation Inc. is a nonprofit organization focused on promoting the cowboy way of life, land conservation, and youth development and education in the southern regions of Arizona, specifically in Santa Cruz, Pima, and Cochise counties. It is designated as a public charity and operates under the category of Philanthropy, Voluntarism, and Grantmaking Foundations.

Financial Summary

As of the latest available data, Los Charros Foundation Inc. reported a revenue of $279,078, with expenses totaling $119,083, resulting in a net income of $159,995. The foundation's net assets stood at $718,370. Contributions are the primary source of revenue, accounting for 84.5% of the total revenue, followed by net fundraising efforts[1].

Mission and Activities

The foundation's mission is centered around supporting local youth and promoting rural values. It administers a robust scholarship program, providing financial assistance to students from Cochise, Pima, Eastern Pinal, and Santa Cruz counties. Since 2018, the foundation has awarded over half a million dollars in scholarships. These awards support students attending four-year universities, community colleges, and technical or trade schools. Scholarships range from one-year to four-year awards and are targeted at students in financial need, although support is extended across all demographics[2][4].

Fundraising Efforts

A key aspect of the foundation's fundraising strategy is its Dancing Under the Stars event, which has been instrumental in generating the funds necessary for the scholarship program. This annual event began in September 2017 and has helped in raising significant amounts annually for scholarships[2].

Community Support

In addition to scholarships, Los Charros Foundation also provides support to local 4-H and FFA programs, which help young people develop essential skills and save for college education. The foundation supports these programs by purchasing animals from youth at livestock auctions and donating them back, enabling the youth to raise funds for scholarships. Since its inception in 2015, the foundation has provided over $113,000 in support for these programs. It also contributed to the redevelopment of a vocational training program at a southern Arizona high school[2][3].

Governance

The foundation is governed by a board of directors and officers who oversee its operations and ensure that its mission is fulfilled. Details on the specific roles and compensation of officers can be found in the foundation's annual financial reports[1][3].

History

Los Charros Foundation Inc. received its tax-exempt status in July 2015 and has since been actively involved in community development and education initiatives in southern Arizona.

Impact

The foundation's impact extends beyond monetary contributions, as it also fosters community engagement and supports the preservation of the cowboy way of life. Through its programs, it aims to make a lasting difference in the lives of young people and contribute to the sustainability of rural communities.