Civic Intelligence

Starr County Industrial Foundation

990 • Fiscal year 2021 • EIN 23-7357872

Oct 01, 2020 to Sep 30, 2021 • Filed on Jul 27, 2022

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

0.93x

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

2021 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

96th percentile

3.95x

Higher debt load relative to revenue than 96% of similar nonprofits.

2021 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2021

Net Margin

50th percentile

14%

Higher net margin than 50% of similar nonprofits.

2021 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

85th percentile

$116,039

Higher top officer pay than 85% of similar nonprofits.

Top officer pay equals 27.5% of source-year revenue.

2021 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2021

Asset Growth

78th percentile

22%

Faster asset growth than 78% of similar nonprofits.

2021 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

48th percentile

4.7%

Faster revenue growth than 48% of similar nonprofits.

2021 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$1,794,156

Up $328,142 (+22%) from 2020

Net Assets

Up

$126,113

Up $57,080 (+83%) from 2020

Liabilities

Up

$1,668,043

Up $271,062 (+19%) from 2020

Revenue

Up

$422,095

Up $18,840 (+4.7%) from 2020

Expenses

Up

$365,015

Up $25,636 (+7.6%) from 2020

Net Income

Down

$57,080

Down $6,796 (-11%) from 2020

Historical Trend

Balance Sheet Trend

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

2021

Assets$1,794,156
Liabilities$1,668,043
Net Assets$126,113

Operations Trend

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

2021

Revenue$422,095
Expenses$365,015
Net Income$57,080
Jump To
Filing Snapshot
Filing Period
Oct 1, 2020 to Sep 30, 2021
Signed
Jul 27, 2022
Return Version
2020v4.0
Gross Receipts
$518,942
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$1,391,565$1,347,729▼ $43,836
Cash and Non-Interest-Bearing Accounts$74,449$446,427▲ $371,978
Rtn Earn Endowment Incm Other Fnds$69,033$126,113▲ $57,080
Loans From Officers Directors$21,811$14,338▼ $7,473
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$1,466,014$1,794,156▲ $328,142
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,183,269$1,115,805▼ $67,464
Accounts Payable and Accrued Expenses$153,900$499,900▲ $346,000
Other Liabilities$38,001$38,000▼ $1
Total Liabilities$1,396,981$1,668,043▲ $271,062
Net Assets / Fund Balance
Total Net Assets Fund Balance$69,033$126,113▲ $57,080
Total Liabilities and Net Assets / Fund Balance$1,466,014$1,794,156▲ $328,142

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$555,744$218,473$85,690
Equipment$3,325$30,858$11,957
Other Land Buildings$90$9,923$3,562
Buildings$647,158$312,842-
Land$141,412--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Rose BenavidezPresidentPT$116,039$116,039

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$232,150
Program Service Revenue
$52,000
Investment Income
$0
Other Revenue
$137,945
All Other Contributions
$56,500
Change in Net Assets
$57,080
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$248,976
Salaries, Compensation, and Employee Benefits$116,039
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$116,039
Insurance$28,639$3,182-$31,821
Travel$21,210$2,357-$23,567
All Other Expenses$10,765$1,195-$11,960
Advertising$9,327$1,036-$10,363
Occupancy$8,100$900-$9,000
Other Expenses$5,756$640-$6,396
Office Expenses$4,071$452-$4,523
Fees for Services Accounting$3,195$355-$3,550
Interest$1,537$171-$1,708
Conferences and Meetings$1,346$150-$1,496
Depreciation Depletion$773$86-$859
Fees for Services Legal$450$50-$500
Total Functional Expenses$224,079$24,897$0$365,015
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$21,811$14,338▼ $7,473
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
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
2022-07-27
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/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/ManagementAndGeneralAmt012251
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11121
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2951
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3640
IRS990/OtherExpensesGrp/ProgramServicesAmt0110263
IRS990/OtherExpensesGrp/ProgramServicesAmt110088
IRS990/OtherExpensesGrp/ProgramServicesAmt28559
IRS990/OtherExpensesGrp/ProgramServicesAmt35756
IRS990/OtherExpensesGrp/TotalAmt0122514
IRS990/OtherExpensesGrp/TotalAmt111209
IRS990/OtherExpensesGrp/TotalAmt29510
IRS990/OtherExpensesGrp/TotalAmt36396
IRS990/OtherLiabilitiesGrp/BOYAmt038001
IRS990/OtherLiabilitiesGrp/EOYAmt038000
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Old Voided Checks
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt06293
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt06293
IRS990/OtherRevenueTotalAmt06293
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/ProgramServiceRevenueGrp/BusinessCd0561000
IRS990/ProgramServiceRevenueGrp/Desc0COVID/ARPA Funds
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt052000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt052000
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0175050
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0339379
IRS990/PYOtherRevenueAmt0228205
IRS990/PYRevenuesLessExpensesAmt063876
IRS990/PYTotalExpensesAmt0339379
IRS990/PYTotalRevenueAmt0403255
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt057080
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt0131652
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt069033
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0126113
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0647158
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0312842
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0960000
IRS990ScheduleD/EquipmentGrp/BookValueAmt03325
IRS990ScheduleD/EquipmentGrp/DepreciationAmt030858
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt022226
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt011957
IRS990ScheduleD/LandGrp/BookValueAmt0141412
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0141412
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0555744
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0218473
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt0688527
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt085690
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt090
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt09923
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt06451
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt03562
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt038000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Escrow Funds
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01347729
IRS990ScheduleD/TotalLiabilityAmt038000
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0626
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/TotalBalanceDueAmt014338
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/TotalAssetsBOYAmt01466014
IRS990/TotalAssetsEOYAmt01794156
IRS990/TotalAssetsGrp/BOYAmt01466014
IRS990/TotalAssetsGrp/EOYAmt01794156
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0232150
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt024897
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0224079
IRS990/TotalFunctionalExpensesGrp/TotalAmt0365015
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01396981

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