Santiago Sanchez Foundation
Public records show a registered, tax-exempt organization in good standing.
What it says it does
Our mission is to provide a safe and welcoming event that families can gather and participate in together while raising funds to support college scholarships for deserving high school students. Race founder Santiago Sanchez saw a great need in the community for more youth driven activities since he saw many teenagers skipping class and smoking in public. Santiago's idea was to provide the youth with something to train for and look forward to. His idea was to start a 10k foot race (6.2 miles) held on a holiday so families, friends, and people in the community could participate. In 1979 Santiago, along with this daughter Gloria, hosted the first Guajolote 10k race event on Thanksgiving morning. Laredo's first and original foot race. What started as a small 60 participant event has continued growing through the decades to over 300 participants.
- Income
- $689
- Spending
- $850
- Reserves
- 10.9 months of spending
- Largest source of income
- donations and private grants, 100%
- Highest pay
- $1,500, president/director
Source: Form 990EZ for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
We do not score finances when yearly spending is very small or the return has too little detail. The ratios stop meaning much at that size.
Source: Form 990EZ for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
This organization files the short tax form, which does not ask about boards, policies or audits. That is normal for a small charity and is not a mark against it.
Source: Form 990EZ for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $850 spent. Hosted the 2025 Guajolote 10k Race & 1 Mile Walk, which raised funds to provide college scholarships to deserving high school students. In total, three students from Martin High School and one student from LBJ High School received scholarship awards. One student from Martin High School was awarded $250, while the remaining three students each received $200. These scholarships support local students as they continue their education and reflect the ongoing commitment of the Guajolote 10k Race & 1 Mile Walk to the Laredo community.
Source: Form 990EZ for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since December 2023.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.