2024-08-14T17:57:09-05:00 2023-09-30 KPMG LLP 301 MAIN STREET SUITE 2150 BATON ROUGE LA 70801 990 2022-10-01 742904514 VALERO ENERGY FOUNDATION % ETHAN A JONES VALE 2103452000 PO BOX 696000 ATTN CORP TAX SAN ANTONIO TX 782696000 STEPHANIE A WERSELL SVP 2103452000 2024-08-15 true RYAN HOOKS P00746825 2253444000 2022 2024-08-08 14:25:15Z SEYMOUR BATTLE PO BOX 696000 ATTN CORP TAX SAN ANTONIO TX 78269 29569085 false X SEE SCHEDULE O X 1999 TX THE VALERO FOUNDATION COLLABORATES WITH NON-PROFIT PARTNERS ACROSS THE UNITED STATES TO FOSTER IMPROVED QUALITY OF LIFE AND CREATE MEASURABLE IMPACT WHERE UNMET NEEDS EXIST. 4 0 0 2147 -161098 0 20607821 22650644 0 0 0 0 -11231855 -12348140 9375966 10302504 11410685 10976336 0 0 0 0 0 0 2707 116058 22241 11526743 10998577 -2150777 -696073 20912160 18127044 12210024 10120981 8702136 8006063 X THE ORGANIZATION'S 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. false false 10872975 10872975 The Valero Energy Foundation raises funds for the purposes of making charitable grants to nonprofit organizations that serve, children, adults and families, in the areas of food insecurity and basic needs, virtual education and digital support/laptops to improve access for underserved kids and children living in poverty, child abuse and mental health services, and improved health care services in underserved neighborhoods where Valero Energy has major operations. During the tax year ended September 30, 2023, 345 charities received grants from the Foundation. 105749 103361 The SAFE Fund provides assistance to individuals who have a significant charitable need resulting from an unexpected natural disaster such as a hurricane, tornado or flood, or are experiencing a demonstrable financial hardship related to a home fire, serious illness, or death in the family. Grants are available to affected qualifying current and future employees of Valero Energy Corporation. This fiscal year, several grants were targeted for Hurricane and Tornado Relief. During the tax year ended September 30, 2023, 15 individuals received assistance from the SAFE Fund. 10978724 true true false false false false false false false false true false false false false false false false false false true false false false true false false true true true false false false false false false false false false false false false false true false false false true 156 0 true 0 true true false false false false true true false false false false false false X 4 0 true false false false true true false true false false false true true true true true true false false false CO FL IL KS MD MI NV OK PA TX VA X ETHAN A JONES 2103452000 PO BOX 696000 SAN ANTONIO TX 782696000 X SEYMOUR BATTLE SENIOR VICE PRESIDENT 8.0 40.0 X X 0 952792 77454 LAURA J VACCARO VP 5.0 40.0 X X 0 618498 78416 KARI WACLAWCZYK CORPORATE SPONSORSHIP OFFICER 10.0 40.0 X 0 357156 69967 JOSEPH W GORDER CEO 1.0 40.0 X X 0 0 0 JASON W FRASER EXEC VP/CFO 1.0 40.0 X X 0 0 0 HARMINDER S BHULLAR VICE PRESIDENT 1.0 40.0 X X 0 0 0 R LANE RIGGS PRESIDENT, CEO 0.25 40.0 X X 0 0 0 STEPHANIE A WERSELL SVP 1.0 40.0 X 0 0 0 ETHAN A JONES ASSISTANT SECRETARY 1.2 40.0 X 0 0 0 JOHN P LOCKE VP, TREASURER 1.0 40.0 X 0 0 0 GARY K SIMMONS EXEC. VICE PRES. AND COO 0.1 40.0 X 0 0 0 CHERYL L THOMAS SENIOR VICE PRES. AND CIO 0.25 40.0 X 0 0 0 RICHARD J WALSH SVP, GEN COUNSEL, SECRETARY 0.1 40.0 X 0 0 0 JUDE A DWORACZYK ASSISTANT SECRETARY 0.1 40.0 X 0 0 0 JULIA R REINHART SVP, CHIEF HUMAN RESOURCES OFF 0.1 40.0 X 0 0 0 0 1928446 225837 0 false true false WASSERMAN EVENTS LLC One Valero Way SAN ANTONIO TX 78249 EVENT SERVICES 1934841 GETZ TRANSPORTATION SOLUTIONS LLC 1708 SPRING GREEN BLVD STE 120-26 KATY TX 77494 TRANSPORTATION 634431 PARTYTIME HDO OPERATIONS LLC PO BOX 1759 DEPT 1210 HOUSTON TX 772511759 EVENT SERVICES 596153 WILLIAM MORRIS ENTERTAINMENT 9601 WILSHIRE BLVD FL 3 BEVERLY HILLS CA 90210 ENTERTAINMENT 850000 C3 PRESENTS LLC 1645 E 6TH STE 150 AUSTIN TX 78702 PROMOTION 644582 9 19786483 2807259 56902 22650644 0 0 0 209870 209870 0 0 0 0 6708571 19843385 19266581 -12558010 -161098 -12396912 0 0 0 0 0 0 0 10302504 -161098 -12187042 10872975 10872975 103361 103361 0 0 0 0 0 0 0 0 0 4256 4256 12890 12890 0 0 0 2388 2388 0 0 0 0 0 0 0 0 0 0 0 0 CREDIT CARD FEES 2707 2707 10998577 10978724 17146 2707 17695543 14824995 0 0 2858451 2940466 0 0 0 0 0 0 0 0 0 0 79787 27426 568382 234225 278379 334157 0 0 0 0 0 0 0 0 0 0 20912160 18127044 640517 1070600 11478429 8353123 91078 697258 0 0 0 0 0 0 0 0 0 0 0 0 12210024 10120981 X 4516577 3995460 4185559 4010603 8702136 8006063 20912160 18127044 -696073 X false false false X 32641709 11283130 14680746 20607821 22650644 101864050 0 0 32641709 11283130 14680746 20607821 22650644 101864050 31104494 70759556 211208 0 134938 296883 209870 852899 0 0 102716949 0.68888 0.60337 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 196887 67027 129860 371495 167198 204297 334157 Europe (Including Iceland and Greenland) 0 0 Fundraising North America 0 0 Fundraising 0 0 0 0 false false false false false false VALERO TX OPEN 13049277 8540599 4508678 291376 8467486 1136507 1450872 3454425 BEN FOR CHILDRE 16220174 14020281 2199893 1279382 2247781 494029 376709 1 32862 32862 68014 29302313 22593742 6708571 1570758 10715267 1630536 1450872 3899148 19266581 -12558010 true See Attachment 1 10748825 280 IMMEDIATE NEEDS OF INDIVIDUALS UNDER FINANCIAL HAR 8 47801 IMMEDIATE NEEDS OF VICTIMS OF HURRICANE 5 40560 IMMEDIATE NEEDS FOR VICTIMS OF TORNADOS 2 15000 Part I, line 2b GRANTS ARE MADE PURSUANT TO THE VALERO ENERGY FOUNDATION MISSION STATEMENT IN FURTHERANCE OF THE CHARITABLE PROGRAMS OF 501(C)(3) OR SIMILAR ORGANIZATIONS. GRANT RECIPIENTS ARE CAREFULLY SELECTED BY VALERO ENERGY FOUNDATION AND ARE SUBJECT TO A PRE-GRANT DUE DILIGENCE PROCESS. IF THE FOUNDATION HAS REASON TO BELIEVE GRANT FUNDS WERE EITHER MISUSED OR DIVERTED FROM CHARITABLE USE, VALERO ENERGY FOUNDATION WOULD CONDUCT AN INVESTIGATION OF THE MATTER. false true true false false false false false false LAURA J VACCARO VP 247100 182029 189369 49696 28720 696914 SEYMOUR BATTLE SENIOR VICE PRESIDENT 304191 284420 364181 48038 29416 1030246 KARI WACLAWCZYK CORPORATE SPONSORSHIP OFFICER 201783 111493 43880 46400 23567 427123 PART I, LINE 3 THE ORGANIZATION DOES NOT PAY COMPENSATION TO ANY INDIVIDUAL. HOWEVER, THE COMPENSATION FOR THE ORGANIZATION'S EXECUTIVE DIRECTOR IS SET AND PAID BY A RELATED ORGANIZATION. COMPENSATION IS SET BY THE RELATED ORGANIZATION'S HUMAN RESOURCE DEPARTMENT USING THIRD-PARTY NATIONAL SURVEY DATA AND BY COMPARING SIMILAR JOBS IN THE EXTERNAL MARKET WHILE TAKING INTO ACCOUNT THE EMPLOYEE'S EXPERIENCE LEVEL. PART I, LINE 4B All officers and directors listed on Part VII are eligible to participate in Valero Energy Corporation's (a related organization) supplemental nonqualified retirement plan. The plan permits eligible employees to defer a portion of their salary and/or bonus until separation (i.e. retirement or termination of employment). Under the plan, each year eligible employees are permitted to elect to defer up to 30 percent of their salary and/or 50 percent of their cash bonuses to be earned for services performed during the following year. All amounts credited under the plan are immediately 100 percent vested. No amounts were distributed to non-volunteer officers or directors in the current year. PART I, LINE 4C All officers and directors listed on Part VII are granted restricted stock in Valero Energy Corporation, a related organization. The restricted stock vests in accordance with individual written agreements between the participants and Valero Energy Corporation. Typically, vesting occurs in equal annual installments over a period of three years, beginning one year after the date of grant. The fair value of each restricted stock share is equal to the market value price of Valero Energy Corporation common stock. Disclosed below are the current year vested amounts for officers and directors who do not serve as volunteers of Valero Energy Foundation. Seymour Battle $299,634 Kari Waclawczyk $ 36,501 Some officers and directors listed on Part VII may also be entitled to receive performance awards from Valero Energy Corporation. Performance awards are issued to certain key employees of Valero Energy Corporation and represent the right to receive shares of common stock upon the achievement of an objective performance measure related to their employment with Valero Energy Corporation. No amounts were awarded to non-volunteer officers or directors during the current year. PART I, LINE 4 & PART VI, SECTION A, LINE 2 ALL OFFICERS AND DIRECTORS OF THE ORGANIZATION HAVE A BUSINESS RELATIONSHIP BECAUSE THEY ARE EMPLOYEES OF THE SAME RELATED, FOR-PROFIT ORGANIZATION. PART VI, SECTION A, LINE 6 VALERO ENERGY CORPORATION IS THE SOLE MEMBER OF THE ORGANIZATION. PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS AND OFFICERS OF THE ORGANIZATION ARE APPOINTED BY THE MEMBER. PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES. PART VI, SECTION B, LINE 11B AFTER REVIEW BY KPMG, LLP, THE FORM 990 IS PRESENTED TO THE VICE PRESIDENT/TAX DIRECTOR. A COPY OF THE FORM 990 IS ALSO PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. PART VI, SECTION B, LINE 12 THE BOARD OF DIRECTORS FOLLOWED A CONFLICT OF INTEREST POLICY. AS REQUIRED BY THE FOUNDATION'S CONFLICT OF INTEREST POLICY, EACH DIRECTOR AND OFFICER MUST DISCLOSE ANY DEEMED CONFLICT. EACH DIRECTOR AND OFFICER MUST ANNUALLY CERTIFY WHETHER THEY HAVE RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY AND HAS COMPLIED WITH THE POLICY. PART VI, SECTION B, LINE 15 THE ORGANIZATION DOES NOT PAY COMPENSATION TO ANY INDIVIDUAL. HOWEVER, THE COMPENSATION FOR THE ORGANIZATION'S EXECUTIVE DIRECTOR IS SET AND PAID BY A RELATED ORGANIZATION. COMPENSATION IS SET BY THE RELATED ORGANIZATION'S HUMAN RESOURCE DEPARTMENT USING THIRD-PARTY NATIONAL SURVEY DATA AND BY COMPARING SIMILAR JOBS IN THE EXTERNAL MARKET WHILE TAKING INTO ACCOUNT THE EMPLOYEE'S EXPERIENCE LEVEL. PART VI, SECTION C, LINE 19 THE VALERO ENERGY FOUNDATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. REQUESTS CAN BE MADE TO: ETHAN A JONES P.O. BOX 696000 SAN ANTONIO, TX 78269-6000 210-345-2000 PAGE 1, SECTION J ORGANIZATION WEBSITE: HTTP://WWW.VALERO.COM/RESPONSIBILITY/PHILANTHROPY/VALERO-ENERGY-FOUNDATION SEE ATTACHMENT 2 SEE ATTACHMENT 3 false false true false false false false false false false false true true true true true false false NA