Civic Intelligence

Lma Foundation

EIN 27-2493281 • 501(c)3 • Laredo, TX

Profile

The purposes of the LMA Foundation include fostering educational programs for local students through direct scholarships, endowments or funding of programs. Proceeds from any and all fund raising events will be awarded to students, Universities or Colleges as approved by the Board of Trustees after payment of expenses incurred.

PO Box 451391Laredo, TX 78045

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2015

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2015

Net Margin

5th percentile

-303%

Higher net margin than 5% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

19th percentile

-54%

Faster asset growth than 19% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

11th percentile

-75%

Faster revenue growth than 11% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$22,394

Down $25,889 (-54%) from 2014

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Down

$22,394

Down $25,889 (-54%) from 2014

Operations
Liabilities / RevenueScore unavailableNet Margin5th percentile

Revenue

Down

$8,321

Down $25,142 (-75%) from 2014

Expenses

Up

$33,527

Up $10,527 (+46%) from 2014

Net Income

Down

-$25,206

Down $35,669 (-341%) from 2014

Trend Graphs

Balance Sheet Trend

Asset Growth19th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60K$40K$20K$0Assets 2012: $34,609Net Assets 2012: $34,6092012Assets 2014: $48,283Net Assets 2014: $48,2832014Assets 2015: $22,394Net Assets 2015: $22,3942015

Highlighted filing

2015

Assets$22,394
Liabilities-
Net Assets$22,394
Open 2015 Filing

Operations Trend

Revenue Growth11th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$40K$20K$0-$20K-$40KRevenue 2012: $33,499Expenses 2012: $21,485Net Income 2012: $12,0142012Revenue 2014: $33,463Expenses 2014: $23,000Net Income 2014: $10,4632014Revenue 2015: $8,321Expenses 2015: $33,527Net Income 2015: -$25,2062015

Highlighted filing

2015

Revenue$8,321
Expenses$33,527
Net Income-$25,206
Open 2015 Filing

Filings

Most recent year

2015 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$22,394
Liabilities
-
Net assets
$22,394
Revenue
$8,321
Expenses
$33,527
Net income
-$25,206
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2015Detailed filing. Detailed filing data is available for this year.$22.4$22.4$8.32$33.5$25.2
2014Detailed filing. Detailed filing data is available for this year.$48.3$48.3$33.5$23.0$10.5
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$34.6$34.6$33.5$21.5$12.0
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Aug 15, 2016
Return Version
2015v2.0
Gross Receipts
$38,501
Mission and Program Overview

Mission

The purposes of the LMA Foundation include fostering educational programs for local students through direct scholarships, endowments or funding of programs. Proceeds from any and all fund raising events will be awarded to students, Universities or Colleges as approved by the Board of Trustees after payment of expenses incurred.

Program Services

DescriptionGrantsExpenses
In accordance with the Foundation's mission, funds were raised in order to provide scholarships to deserving students who might otherwise find it difficult to obtain the financial means necessary to attend college or university.$28,527-
The LMA Foundation made a $5,000 contribution to Texas A&M International University's "YES" Camp Program. "Yes" camp was started in 1998 and is an entrepreneurship summer camp for high school students.$5,000-
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
William GreenTrustee-$0--
Ivan RodriguezTrustee-$0--
Ed SherwoodTrustee-$0--
Mark PeaseTrustee-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Scholarship Fund Golf Tournament$31,047$22,676$22,676$0
30th Anniversary$7,454$7,454$7,504$-50
Total Events$38,501$30,130$30,180$-50
Filing and Contact Details

Filer

Filer Name
LMA Foundation
EIN
27-2493281
Phone
9567912143
Address
PO Box 451391, Laredo, TX 78045

Signing Officer

Name
William Green
Title
Trustee
Signed
2016-08-15
Discuss with paid preparer
Yes

Preparer

Firm
Canales Garza & Baum Pllc
Address
PO BOX 3627, LAREDO, TX 78044-3627
Preparer
Aaron Canales CPA
Phone
9567241111
Supplemental Narrative

Additional Explanations

Grants and Similar Amounts Paid In Excess of $5,000.1

“Class of Activity: Community Outreach | Donee's Name: High School Students | Cash Amount Given: $28527”

Raw XML Appendix151 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
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IRS990EZ/OtherChangesInNetAssetsAmt0-683
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IRS990EZ/PoliticalCampaignActyInd0false
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IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990EZ/SpecialEventsDirectExpensesAmt030180
IRS990EZ/SpecialEventsNetIncomeLossAmt0-50
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt033527
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IRS990EZ/TotalRevenueAmt08321
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Grants and Similar Amounts Paid In Excess of $5,000.1
ReturnHeader/BuildTS02016-12-15 16:53:06Z
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ReturnHeader/Filer/PhoneNum09567912143
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ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd078045
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0780443627
ReturnHeader/PreparerPersonGrp/PhoneNum09567241111
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ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02016-08-15T10:43:44-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

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