Liabilities / Assets
34th percentile
Higher debt load relative to assets than 34% of similar nonprofits.
Greater Laredo Development Foundation
EIN 74-1623486 • 501(c)3 • Laredo, TX
Profile
Promote Laredo as an industrial site
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.00x
Liabilities / Revenue
33rd percentile
Higher debt load relative to revenue than 33% of similar nonprofits.
Net Margin
54th percentile
Higher net margin than 54% of similar nonprofits.
Top Officer Pay
63rd percentile
Higher top officer pay than 63% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
98th percentile
Faster asset growth than 98% of similar nonprofits.
Revenue Growth
75th percentile
Faster revenue growth than 75% of similar nonprofits.
Balance Sheet
Assets
Up$893,969
Up $639,413 (+251%) from 2023
Liabilities
Down$1,839
Down $5,193 (-74%) from 2023
Net Assets
Up$892,130
Up $644,606 (+260%) from 2023
Revenue
Up$1,180,412
Up $287,452 (+32%) from 2023
Expenses
Up$1,049,498
Up $165,445 (+19%) from 2023
Net Income
Up$130,914
Up $122,007 (+1370%) from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $893,969
- Liabilities
- $1,839
- Net assets
- $892,130
- Revenue
- $1,180,412
- Expenses
- $1,049,498
- Net income
- $130,914
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Oct 1, 2023 to Sep 30, 2024
- Signed
- May 23, 2025
- Return Version
- 2023v6.0
- Gross Receipts
- $1,180,412
Mission and Program Overview
Mission
Promote Laredo as an industrial site
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Cash and Non-Interest-Bearing Accounts | $100,796 | $660,042 | ▲ $559,246 |
| Accounts Receivable | $46,667 | $130,528 | ▲ $83,861 |
| Land, Buildings, and Equipment, Net | $106,701 | $103,005 | ▼ $3,696 |
| Prepaid Expenses and Deferred Charges | $390 | $390 | → $0 |
| Savings and Temporary Cash Investments | - | $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 | - |
| Total Assets | $254,556 | $893,969 | ▲ $639,413 |
| Other Assets Total | $2 | $4 | ▲ $2 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $7,032 | $1,839 | ▼ $5,193 |
| Total Liabilities | $7,032 | $1,839 | ▼ $5,193 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $247,524 | $892,130 | ▲ $644,606 |
| Total Net Assets Fund Balance | $247,524 | $892,130 | ▲ $644,606 |
| Total Liabilities and Net Assets / Fund Balance | $254,556 | $893,969 | ▲ $639,413 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $14,851 | $162,165 | $177,016 |
| Leasehold Improvements | $83,563 | $87,249 | $170,812 |
| Other Land Buildings | $4,591 | $10,724 | $15,315 |
Compensation and Service Providers
Board Members and Trustees
| Name | Title |
|---|---|
| Ignacio Urrabazo | Chairman |
| Lupita R Canales | Immediate Chair |
| Bill Green | Past Chairman |
| Rolando Ortiz | Past Chairman |
| Tony Arce | Past Chairman |
| Chris Haynes | Vice Chairman |
| Elmo Lopez | Vice Chairman |
| Olivia Varela-Santos | Vice Chairman |
| Ruben Soto | Vice Chairman |
| Alfonso Arguindegui | Board Member |
| Councilman Ruben Gutierrez | Board Member |
| Daniel B Hastings III | Board Member |
| Dr Diana Y Ortiz | Board Member |
| Dr Tyler King | Board Member |
| Ed Sherwood | Board Member |
| Eddie Aldrete | Board Member |
| Gilbert Sanchez | Board Member |
| Guillermo Trevino | Board Member |
| James Flores | Board Member |
| James Notzon | Board Member |
| Jose Valdez | Board Member |
| Justin Heather | Board Member |
| Kurt AJ Kraus | Board Member |
| Monica Y Martinez | Board Member |
| Reagan MacDonald | Board Member |
| Steve Whitworth | Attorney |
| Emilio Richer | Secretary |
| John Villarreal | Treasurer |
| Hector Alaniz | Vice Chariman |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $901,128
- Program Service Revenue
- $255,114
- Investment Income
- $5,370
- Other Revenue
- $18,800
- All Other Contributions
- $179,753
- Change in Net Assets
- $130,914
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $565,937 |
| Other Expenses | $483,561 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $353,736 | $117,912 | - | $471,648 |
| Occupancy | $94,726 | $31,575 | - | $126,301 |
| All Other Expenses | $59,531 | $19,841 | - | $79,372 |
| Other Employee Benefits | $43,205 | $14,401 | - | $57,606 |
| Payroll Taxes | $27,512 | $9,171 | - | $36,683 |
| Other Expenses | $17,996 | $5,998 | - | $23,994 |
| Insurance | $16,045 | $5,348 | - | $21,393 |
| Depreciation Depletion | $12,524 | $4,174 | - | $16,698 |
| Travel | $11,372 | $3,791 | - | $15,163 |
| Advertising | $8,234 | $2,745 | - | $10,979 |
| Conferences and Meetings | $7,799 | $2,600 | - | $10,399 |
| Total Functional Expenses | $787,126 | $262,372 | $0 | $1,049,498 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- No
- Lobbying activity
- No
- Subject to proxy tax
- No
Insider Transactions and Loans
Loans and Receivables
| Line Item | Beginning | End | Change |
|---|---|---|---|
| Receivables from Disqualified Persons | - | $0 | - |
| Receivables from Officers, Directors, Trustees, and Key Employees | - | $0 | - |
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