Civic Intelligence

San Antonio Economic Development

990 • Fiscal year 2020 • EIN 74-1536482

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 09, 2021

112 E Pecan St No 2635San Antonio, TX 78205-1550

(210) 226-1394

Siviq Scores

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

Liabilities / Assets

85th percentile

0.49x

Higher debt load relative to assets than 85% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

54th percentile

0.23x

Higher debt load relative to revenue than 54% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2020

Net Margin

70th percentile

13%

Higher net margin than 70% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

92nd percentile

$356,588

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 10.6% of source-year revenue.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2020

Asset Growth

86th percentile

27%

Faster asset growth than 86% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

71st percentile

0.4%

Faster revenue growth than 71% of similar nonprofits.

2020 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$1,578,197

Up $340,305 (+27%) from 2019

Net Assets

Up

$799,424

Up $441,952 (+124%) from 2019

Liabilities

Down

$778,773

Down $101,647 (-12%) from 2019

Revenue

Up

$3,373,125

Up $12,803 (+0.4%) from 2019

Expenses

Down

$2,931,173

Down $335,325 (-10%) from 2019

Net Income

Up

$441,952

Up $348,128 (+371%) from 2019

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2010: $946,841Liabilities 2010: $395,833Net Assets 2010: $551,0082010Assets 2011: $1,176,551Liabilities 2011: $441,339Net Assets 2011: $735,2122011Assets 2012: $1,162,586Liabilities 2012: $397,828Net Assets 2012: $764,7582012Assets 2013: $1,065,677Liabilities 2013: $365,618Net Assets 2013: $700,0592013Assets 2014: $1,095,248Liabilities 2014: $459,779Net Assets 2014: $635,4692014Assets 2015: $1,001,853Liabilities 2015: $435,310Net Assets 2015: $566,5432015Assets 2016: $783,375Liabilities 2016: $738,048Net Assets 2016: $45,3272016Assets 2017: $1,433,481Liabilities 2017: $1,498,344Net Assets 2017: -$64,8632017Assets 2018: $1,061,978Liabilities 2018: $1,381,735Net Assets 2018: -$319,7572018Assets 2019: $1,237,892Liabilities 2019: $880,420Net Assets 2019: $357,4722019Assets 2020: $1,578,197Liabilities 2020: $778,773Net Assets 2020: $799,4242020Assets 2021: $4,503,315Liabilities 2021: $1,544,669Net Assets 2021: $2,958,6462021Assets 2022: $5,400,094Liabilities 2022: $2,085,557Net Assets 2022: $3,314,5372022Assets 2023: $3,889,846Liabilities 2023: $1,722,623Net Assets 2023: $2,167,2232023Assets 2024: $5,226,090Liabilities 2024: $3,789,850Net Assets 2024: $1,436,2402024

Highlighted filing

2020

Assets$1,578,197
Liabilities$778,773
Net Assets$799,424

Operations Trend

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

$10M$5.0M$0-$5.0MExpenses 2010: $1,582,5082010Expenses 2011: $2,183,1432011Expenses 2012: $2,548,9512012Revenue 2013: $2,741,776Expenses 2013: $2,806,475Net Income 2013: -$64,6992013Revenue 2014: $2,710,617Expenses 2014: $2,775,207Net Income 2014: -$64,5902014Revenue 2015: $2,803,200Expenses 2015: $2,872,126Net Income 2015: -$68,9262015Revenue 2016: $2,749,255Expenses 2016: $3,270,471Net Income 2016: -$521,2162016Revenue 2017: $2,776,971Expenses 2017: $2,887,161Net Income 2017: -$110,1902017Revenue 2018: $2,947,434Expenses 2018: $3,202,328Net Income 2018: -$254,8942018Revenue 2019: $3,360,322Expenses 2019: $3,266,498Net Income 2019: $93,8242019Revenue 2020: $3,373,125Expenses 2020: $2,931,173Net Income 2020: $441,9522020Revenue 2021: $6,901,379Expenses 2021: $4,742,157Net Income 2021: $2,159,2222021Revenue 2022: $5,988,124Expenses 2022: $5,632,233Net Income 2022: $355,8912022Revenue 2023: $5,332,245Expenses 2023: $6,479,559Net Income 2023: -$1,147,3142023Revenue 2024: $5,981,181Expenses 2024: $6,712,164Net Income 2024: -$730,9832024

Highlighted filing

2020

Revenue$3,373,125
Expenses$2,931,173
Net Income$441,952
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 9, 2021
Return Version
2020v4.1
Gross Receipts
$3,388,350
Mission and Program Overview

Mission

The mission of the san antonio economic development foundation is to lead the development and diversification of san antonio regional economy through the recruitment and expansion of quality employers and job producing investments.

The mission of the san antonio economic development foundation (saedf) is to lead the development and diversification of san antonio regional economy through the recruitment and expansion of quality employers and job producing investments.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$0$404,875▲ $404,875
Savings and Temporary Cash Investments$356,416$356,045▼ $371
Land, Buildings, and Equipment, Net$275,697$262,450▼ $13,247
Cash and Non-Interest-Bearing Accounts$116,079$262,292▲ $146,213
Accounts Receivable$461,378$238,100▼ $223,278
Total Assets$1,237,892$1,578,197▲ $340,305
Other Assets Total$28,322$54,435▲ $26,113
Liabilities
Accounts Payable and Accrued Expenses$550,282$466,054▼ $84,228
Other Liabilities$302,346$281,969▼ $20,377
Deferred Revenue$27,792$30,750▲ $2,958
Total Liabilities$880,420$778,773▼ $101,647
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$357,472$718,115▲ $360,643
Net Assets With Donor Restrictions$0$81,309▲ $81,309
Total Net Assets Fund Balance$357,472$799,424▲ $441,952
Total Liabilities and Net Assets / Fund Balance$1,237,892$1,578,197▲ $340,305

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$177,048$84,308$261,356
Other Land Buildings$85,402$83,626$169,028
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jenna Saucedo-herreraPresident/CEOPT$275,000$81,588$356,588
Tom LongChief Development OfficerFT$167,514$34,222$201,736
Sarah SanchezExecutive Vice PresidentFT$125,573$15,991$141,564
Catherine BoggsExecutive Vice PresidentFT$126,237$15,042$141,279
Carmen LaraChief Administrative OfficerFT$132,425$6,989$139,414
Erica HurtakExecutive Vice PresidentFT$121,750$2,206$123,956
Carlos JarquuinSenior Vice PresidentFT$105,906$10,545$116,451

Board Members and Trustees

NameTitle
Craig BoyanChairman
David McgeePast Chairman
Randy SmithVice Chairman
Chris MonroeExecutive Committee
Clyde RuckerExecutive Committee
David E MarquezExecutive Committee
Dr Cynthia Teniente-matsonExecutive Committee
Dr Esteban LopezExecutive Committee
Dr Taylor EighmyExecutive Committee
Erik WalshExecutive Committee
Jim LaffoonExecutive Committee
John AgatharExecutive Committee
Kate RogersExecutive Committee
Leo GomezExecutive Committee
Mark MetcalfeExecutive Committee
Michael Lynd JrExecutive Committee
Paula Gold-williamsExecutive Committee
Robert PuenteExecutive Committee
Rolando PablosExecutive Committee
Victoria GarciaExecutive Committee
Wayne PeacockExecutive Committee
Lisa FrielSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,673,348
Program Service Revenue
$1,688,000
Investment Income
$11,777
Other Revenue
$0
All Other Contributions
$319,893
Change in Net Assets
$441,952

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,373,125
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$3,373,125
Total Revenue per Form 990
$3,373,125
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,864,650
Other Expenses$1,066,523
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$970,568
Current Officers, Directors, Trustees, and Key Employees---$697,738
Advertising---$350,184
Fees for Services Other---$224,156
Information Technology---$125,554
Occupancy---$121,557
Payroll Taxes---$119,015
Other Employee Benefits---$77,329
Depreciation Depletion---$53,220
Fees for Services Accounting---$31,549
Office Expenses---$26,706
Insurance---$14,406
Other Expenses---$11,418
Conferences and Meetings---$10,373
Interest---$9,163
Travel---$3,817
Total Functional Expenses$0$0$0$2,931,173

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,931,173
Total Expenses per Audited Statements$2,931,173
Total Expenses per Form 990$2,931,173
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
In-house lobbying only
Yes
Subject to proxy tax
Yes
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Lease Incentive$172,649
Deferred Rent$66,838
Lease Liability$42,482
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

San antonio economic development foudnation has general members consisting of investing partner, supporting partner, executive partner, ambassador partner, president's partner, and chairman's partner.

Form 990, Part VI, Section A, Line 7A

The general members elect the members of the board.

Form 990, Part VI, Section B, Line 11B

The president/ceo reviews and approves the form 990 prior to filing.

Form 990, Part VI, Section B, Line 12C

The board must disclose any conflict of interest on an annual basis.

Form 990, Part VI, Section B, Line 15

The executive and compensation committees determine compensation based upon a study used by the organization. The discussion and decision the committees arrive at are then recorded. The last review was performed january and may 2021.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy, financial statements, and the form 990 are available upon request.

Filing and Contact Details

Filer

Filer Name
San Antonio Economic Development
EIN
74-1536482
Phone
2102261394
Address
112 E PECAN ST NO 2635, SAN ANTONIO, TX 78205-1550

Signing Officer

Name
Jenna Saucedo-herrera
Title
President/CEO
Phone
2102261394
Signed
2021-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jenna Saucedo-herrera
Formed
1965
Legal Domicile
TX
Voting Board Members
23
Independent Board Members
22
Employees
19
Volunteers
0

Preparer

Firm
Rsm US Llp
Address
19026 RIDGEWOOD PKWY STE 400, SAN ANTONIO, TX 78259
Preparer
Rebecca a Rodriguez
Phone
2108286281
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The finance committee assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant. This process has not changed from prior year.

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IRS990/Form990PartVIISectionAGrp/PersonNm12CLYDE RUCKER
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IRS990/Form990PartVIISectionAGrp/PersonNm27ERICA HURTAK
IRS990/Form990PartVIISectionAGrp/PersonNm28CARLOS JARQUUIN
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IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3PAST CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt4EXECUTIVE COMMITTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5EXECUTIVE COMMITTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6EXECUTIVE COMMITTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7EXECUTIVE COMMITTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8EXECUTIVE COMMITTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9EXECUTIVE COMMITTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10EXECUTIVE COMMITTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11EXECUTIVE COMMITTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12EXECUTIVE COMMITTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13EXECUTIVE COMMITTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14EXECUTIVE COMMITTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15EXECUTIVE COMMITTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16EXECUTIVE COMMITTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt17EXECUTIVE COMMITTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt18EXECUTIVE COMMITTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt19EXECUTIVE COMMITTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt20EXECUTIVE COMMITTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt21EXECUTIVE COMMITTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt22PRESIDENT/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt23CHIEF ADMINISTRATIVE OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt24CHIEF DEVELOPMENT OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt25EXECUTIVE VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt26EXECUTIVE VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt27EXECUTIVE VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt28SENIOR VICE PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01965
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt08745
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt023
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
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IRS990/GrossReceiptsAmt03388350
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt022
IRS990/IndivRcvdGreaterThan100KCnt07
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
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IRS990/InsuranceGrp/TotalAmt014406
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IRS990/LocalChaptersInd00
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IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE MISSION OF THE SAN ANTONIO ECONOMIC DEVELOPMENT FOUNDATION IS TO LEAD THE DEVELOPMENT AND DIVERSIFICATION OF SAN ANTONIO REGIONAL ECONOMY THROUGH THE RECRUITMENT AND EXPANSION OF QUALITY EMPLOYERS AND JOB PRODUCING INVESTMENTS.
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IRS990/MoreThan5000KToOrgInd00
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IRS990/OperateHospitalInd00
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IRS990/OtherExpensesGrp/Desc0PROGRAM EXPENSES
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IRS990/ReportOtherAssetsInd00
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IRS990/ReportProgramRelatedInvstInd00
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.23$3.79$1.44$5.98$6.71$0.73
2023Detailed filing. Detailed filing data is available for this year.$3.89$1.72$2.17$5.33$6.48$1.15
2022Detailed filing. Detailed filing data is available for this year.$5.40$2.09$3.31$5.99$5.63$0.36
2021Detailed filing. Detailed filing data is available for this year.$4.50$1.54$2.96$6.90$4.74$2.16
2020Detailed filing. Detailed filing data is available for this year.$1.58$0.78$0.80$3.37$2.93$0.44
2019Detailed filing. Detailed filing data is available for this year.$1.24$0.88$0.36$3.36$3.27$0.09
2018Detailed filing. Detailed filing data is available for this year.$1.06$1.38$0.32$2.95$3.20$0.25
2017Detailed filing. Detailed filing data is available for this year.$1.43$1.50$0.06$2.78$2.89$0.11
2016Detailed filing. Detailed filing data is available for this year.$0.78$0.74$0.05$2.75$3.27$0.52
2015Detailed filing. Detailed filing data is available for this year.$1.00$0.44$0.57$2.80$2.87$0.07
2014Detailed filing. Detailed filing data is available for this year.$1.10$0.46$0.64$2.71$2.78$0.06
2013Detailed filing. Detailed filing data is available for this year.$1.07$0.37$0.70$2.74$2.81$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.16$0.40$0.76$2.55
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.18$0.44$0.74$2.18
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.95$0.40$0.55$1.58