Civic Intelligence

Starr County Industrial Foundation

990 • Fiscal year 2020 • EIN 23-7357872

Oct 01, 2019 to Sep 30, 2020 • Filed on Aug 16, 2021

Organization ProfileN/A
601 E Main StRio Grande City, TX 78582

(956) 487-2709

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

95th percentile

0.95x

Higher debt load relative to assets than 95% of similar nonprofits.

2020 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

94th percentile

3.46x

Higher debt load relative to revenue than 94% of similar nonprofits.

2020 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2020

Net Margin

60th percentile

16%

Higher net margin than 60% of similar nonprofits.

2020 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

61st percentile

$0

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2020

Asset Growth

65th percentile

8.7%

Faster asset growth than 65% of similar nonprofits.

2020 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

74th percentile

16%

Faster revenue growth than 74% of similar nonprofits.

2020 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets95th percentile

Assets

Up

$1,466,014

Up $117,780 (+8.7%) from 2019

Net Assets

Up

$69,033

Up $63,876 (+1239%) from 2019

Liabilities

Up

$1,396,981

Up $53,904 (+4.0%) from 2019

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin60th percentile

Revenue

Up

$403,255

Up $56,324 (+16%) from 2019

Expenses

Down

$339,379

Down $10,241 (-2.9%) from 2019

Net Income

Up

$63,876

Up $66,565 (+2475%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth65th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0Assets 2017: $1,437,240Liabilities 2017: $1,423,465Net Assets 2017: $13,7752017Assets 2018: $1,397,260Liabilities 2018: $1,389,414Net Assets 2018: $7,8462018Assets 2019: $1,348,234Liabilities 2019: $1,343,077Net Assets 2019: $5,1572019Assets 2020: $1,466,014Liabilities 2020: $1,396,981Net Assets 2020: $69,0332020Assets 2021: $1,794,156Liabilities 2021: $1,668,043Net Assets 2021: $126,1132021Assets 2022: $1,707,771Liabilities 2022: $1,594,016Net Assets 2022: $113,7552022Assets 2023: $1,535,796Liabilities 2023: $1,517,341Net Assets 2023: $18,4552023Assets 2024: $1,521,304Liabilities 2024: $1,442,741Net Assets 2024: $78,5632024

Highlighted filing

2020

Assets$1,466,014
Liabilities$1,396,981
Net Assets$69,033
Open 2020 Filing

Operations Trend

Revenue Growth74th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$800K$600K$400K$200K$0-$200KRevenue 2017: $322,054Expenses 2017: $306,081Net Income 2017: $15,9732017Revenue 2018: $320,268Expenses 2018: $326,197Net Income 2018: -$5,9292018Revenue 2019: $346,931Expenses 2019: $349,620Net Income 2019: -$2,6892019Revenue 2020: $403,255Expenses 2020: $339,379Net Income 2020: $63,8762020Revenue 2021: $422,095Expenses 2021: $365,015Net Income 2021: $57,0802021Revenue 2022: $454,585Expenses 2022: $466,943Net Income 2022: -$12,3582022Revenue 2023: $463,819Expenses 2023: $559,119Net Income 2023: -$95,3002023Revenue 2024: $645,937Expenses 2024: $585,829Net Income 2024: $60,1082024

Highlighted filing

2020

Revenue$403,255
Expenses$339,379
Net Income$63,876
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2019 to Sep 30, 2020
Signed
Aug 16, 2021
Return Version
2019v5.0
Gross Receipts
$510,123
Mission and Program Overview

Mission

The purpose of the Starr County Industrial Foundation is to further develop and diversify the local economy through sound controlled economic growth. Over the years the Corporation has developed a core competency in a varied spectrum of administrative and promotion roles which has placed it in a position to capitalize industrial and economic development in the Starr County region.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,348,234$1,391,565▲ $43,331
Cash and Non-Interest-Bearing Accounts-$74,449-
Rtn Earn Endowment Incm Other Fnds$5,157$69,033▲ $63,876
Loans From Officers Directors$57,874$21,811▼ $36,063
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,348,234$1,466,014▲ $117,780
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,247,201$1,183,269▼ $63,932
Accounts Payable and Accrued Expenses-$153,900-
Other Liabilities$38,002$38,001▼ $1
Total Liabilities$1,343,077$1,396,981▲ $53,904
Net Assets / Fund Balance
Total Net Assets Fund Balance$5,157$69,033▲ $63,876
Total Liabilities and Net Assets / Fund Balance$1,348,234$1,466,014▲ $117,780

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$575,596$198,621$85,690
Equipment$2,694$29,999$10,467
Other Land Buildings$90$9,923$3,562
Buildings$671,773$288,227-
Land$141,412--
Compensation and Service Providers
Top Officer Pay61st percentile

Board Members and Trustees

NameTitle
Sam F ValeChair
Rose BenavidezPresident
Richard GutierrezVice Chair
Billy CanalesMember
Eloy VeraMember
Joe EscamillaMember
Joel VillarrealMember
Rey RamirezMember
Xavier E PerezMember
Larry GonzalezSecretary
Noel BenavidesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$175,050
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$228,205
Change in Net Assets
$63,876
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$339,379
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Insurance$27,743$3,082-$30,825
Advertising$27,106$3,012-$30,118
Occupancy$17,550$1,950-$19,500
Travel$12,205$1,356-$13,561
All Other Expenses$11,904$1,323-$13,227
Office Expenses$6,886$765-$7,651
Other Expenses$6,167$685-$6,852
Interest$2,398$266-$2,664
Fees for Services Accounting$2,295$255-$2,550
Depreciation Depletion$1,550$172-$1,722
Fees for Services Legal$450$50-$500
Conferences and Meetings$315$35-$350
Total Functional Expenses$305,441$33,938$0$339,379
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$57,874$21,811▼ $36,063
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Escrow Funds$38,000
Rounding$1
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

“The organization has voting members rather than stockholders.”

Form 990, Part VI, Line 7A: How Members or Shareholders Elect Governing Body

“The organization has members who can elect one or more members of the governing body.”

Form 990, Part VI, Line 7B: Describe Decisions of Governing Body Approval by Members or Shareholders

“Decisions of the governing body must be approved by members.”

Form 990, Part VI, Line 11B: Form 990 Review Process

“The return is reviewed by the board members.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“All members are regularly briefed on requirements and a formal training is held during the annual meeting.”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“Compensation for Executive Director is reviewed and approved by the board.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“In accordance with the Freedom of Information Act, records are available for inspection on site upon written request and are processed within time frame set by law.”

Filing and Contact Details

Filer

Filer Name
Starr County Industrial Foundation
EIN
23-7357872
Phone
9564872709
Address
601 E Main St, Rio Grande City, TX 78582

Signing Officer

Name
Rose Benavidez
Title
President
Signed
2021-08-16
Discuss with paid preparer
Yes

Organization Details

Formed
1974
Legal Domicile
TX
Voting Board Members
11
Independent Board Members
11
Employees
0

Preparer

Firm
Xavier Eli Perez CPA PLLC
Address
400 N Britton Ave, Rio Grande City, TX 78582
Preparer
Xavier Eli Perez
Phone
9564875063
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IRS990/OfficeExpensesGrp/ProgramServicesAmt06886
IRS990/OfficeExpensesGrp/TotalAmt07651
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Contract Services
IRS990/OtherExpensesGrp/Desc1Supplies
IRS990/OtherExpensesGrp/Desc2Telephone
IRS990/OtherExpensesGrp/Desc3Equipment Rental
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt018970
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11076
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2941
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3685
IRS990/OtherExpensesGrp/ProgramServicesAmt0170727
IRS990/OtherExpensesGrp/ProgramServicesAmt19680
IRS990/OtherExpensesGrp/ProgramServicesAmt28465
IRS990/OtherExpensesGrp/ProgramServicesAmt36167
IRS990/OtherExpensesGrp/TotalAmt0189697
IRS990/OtherExpensesGrp/TotalAmt110756
IRS990/OtherExpensesGrp/TotalAmt29406
IRS990/OtherExpensesGrp/TotalAmt36852
IRS990/OtherLiabilitiesGrp/BOYAmt038002
IRS990/OtherLiabilitiesGrp/EOYAmt038001
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/Desc0Old Voided Checks
IRS990/OtherRevenueMiscGrp/Desc1Sponsorship
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt02798
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1103776
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02798
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1103776
IRS990/OtherRevenueTotalAmt0106574
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0185400
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0349620
IRS990/PYOtherRevenueAmt0161531
IRS990/PYRevenuesLessExpensesAmt0-2689
IRS990/PYTotalExpensesAmt0349620
IRS990/PYTotalRevenueAmt0346931
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt063876
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt0121631
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt05157
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt069033
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0671773
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0288227
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0960000
IRS990ScheduleD/EquipmentGrp/BookValueAmt02694
IRS990ScheduleD/EquipmentGrp/DepreciationAmt029999
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt022226
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt010467
IRS990ScheduleD/LandGrp/BookValueAmt0141412
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0141412
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0575596
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0198621
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt0688527
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt085690
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt090
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt09923
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt06451
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt03562
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt038000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Escrow Funds
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Rounding
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01391565
IRS990ScheduleD/TotalLiabilityAmt038001
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt08099
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt113712
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd1true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt0Starr Camargo Bridge Co
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt1Starr County Historical
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd1false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0Operational Expenses
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1Operational Expenses
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt030000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt115054
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0Owned by Chair
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1Common Board Members
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd1false
IRS990ScheduleL/TotalBalanceDueAmt021811
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The organization has voting members rather than stockholders.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organization has members who can elect one or more members of the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Decisions of the governing body must be approved by members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The return is reviewed by the board members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4All members are regularly briefed on requirements and a formal training is held during the annual meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Compensation for Executive Director is reviewed and approved by the board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6In accordance with the Freedom of Information Act, records are available for inspection on site upon written request and are processed within time frame set by law.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01348234
IRS990/TotalAssetsEOYAmt01466014
IRS990/TotalAssetsGrp/BOYAmt01348234
IRS990/TotalAssetsGrp/EOYAmt01466014
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0175050
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt033938
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0305441
IRS990/TotalFunctionalExpensesGrp/TotalAmt0339379
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01343077

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,466,014
Liabilities
$1,396,981
Net assets
$69,033
Revenue
$403,255
Expenses
$339,379
Net income
$63,876
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.52$1.44$0.08$0.65$0.59$0.06
2023Detailed filing. Detailed filing data is available for this year.$1.54$1.52$0.02$0.46$0.56$0.10
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.71$1.59$0.11$0.45$0.47$0.01
2021Detailed filing. Detailed filing data is available for this year.$1.79$1.67$0.13$0.42$0.37$0.06
2020Detailed filing. Detailed filing data is available for this year.$1.47$1.40$0.07$0.40$0.34$0.06
2019Detailed filing. Detailed filing data is available for this year.$1.35$1.34$0.01$0.35$0.35$0.00
2018Detailed filing. Detailed filing data is available for this year.$1.40$1.39$0.01$0.32$0.33$0.01
2017Detailed filing. Detailed filing data is available for this year.$1.44$1.42$0.01$0.32$0.31$0.02