Civic Intelligence

Greater Laredo Development Foundation

990 • Fiscal year 2014 • EIN 74-1623486

Oct 01, 2013 to Sep 30, 2014 • Filed on May 04, 2015

Organization ProfileN/A

View Organization Page

P O Box 268278044

(956) 722-0563

Siviq Scores

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

Liabilities / Assets

54th percentile

0.00x

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

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

54th percentile

0.00x

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

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

3rd percentile

-153%

Higher net margin than 3% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2014

Asset Growth

10th percentile

-44%

Faster asset growth than 10% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

12th percentile

-39%

Faster revenue growth than 12% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2012 to 2014

Balance Sheet
Liabilities / Assets54th percentile

Assets

Down

$302,516

Down $233,019 (-44%) from 2013

Net Assets

Down

$302,467

Down $232,222 (-43%) from 2013

Liabilities

Down

$49

Down $797 (-94%) from 2013

Revenue And Expenses
Liabilities / Revenue54th percentileNet Margin3rd percentile

Revenue

$151,497

No earlier filing loaded for comparison.

Expenses

Down

$383,719

Down $34,057 (-8.2%) from 2013

Net Income

-$232,222

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth10th percentile

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

$1.0M$500K$0Assets 2011: $825,122Liabilities 2011: $8,889Net Assets 2011: $816,2332011Assets 2012: $533,136Liabilities 2012: $300Net Assets 2012: $532,8362012Assets 2013: $535,535Liabilities 2013: $846Net Assets 2013: $534,6892013Assets 2014: $302,516Liabilities 2014: $49Net Assets 2014: $302,4672014Assets 2015: $206,943Liabilities 2015: $0Net Assets 2015: $206,9432015Assets 2016: $256,585Liabilities 2016: $405Net Assets 2016: $256,1802016Assets 2017: $322,766Liabilities 2017: $14,811Net Assets 2017: $307,9552017Assets 2018: $328,829Liabilities 2018: $25,158Net Assets 2018: $303,6712018Assets 2019: $383,847Liabilities 2019: $60Net Assets 2019: $383,7872019Assets 2020: $351,100Liabilities 2020: $0Net Assets 2020: $351,1002020Assets 2021: $327,784Liabilities 2021: $7,308Net Assets 2021: $320,4762021Assets 2022: $242,339Liabilities 2022: $3,722Net Assets 2022: $238,6172022Assets 2023: $254,556Liabilities 2023: $7,032Net Assets 2023: $247,5242023Assets 2024: $893,969Liabilities 2024: $1,839Net Assets 2024: $892,1302024

Highlighted filing

2014

Assets$302,516
Liabilities$49
Net Assets$302,467
Open 2014 Filing

Operations Trend

Revenue Growth12th percentile

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $509,099Expenses 2011: $523,360Net Income 2011: -$14,2612011Revenue 2012: $409,674Expenses 2012: $379,677Net Income 2012: $29,9972012Expenses 2013: $417,7762013Revenue 2014: $151,497Expenses 2014: $383,719Net Income 2014: -$232,2222014Revenue 2015: $397,591Expenses 2015: $493,115Net Income 2015: -$95,5242015Revenue 2016: $784,912Expenses 2016: $735,675Net Income 2016: $49,2372016Revenue 2017: $830,805Expenses 2017: $779,030Net Income 2017: $51,7752017Revenue 2018: $810,234Expenses 2018: $814,518Net Income 2018: -$4,2842018Revenue 2019: $709,045Expenses 2019: $628,929Net Income 2019: $80,1162019Revenue 2020: $713,283Expenses 2020: $745,970Net Income 2020: -$32,6872020Revenue 2021: $715,565Expenses 2021: $750,497Net Income 2021: -$34,9322021Revenue 2022: $728,926Expenses 2022: $810,785Net Income 2022: -$81,8592022Revenue 2023: $892,960Expenses 2023: $884,053Net Income 2023: $8,9072023Revenue 2024: $1,180,412Expenses 2024: $1,049,498Net Income 2024: $130,9142024

Highlighted filing

2014

Revenue$151,497
Expenses$383,719
Net Income-$232,222
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2013 to Sep 30, 2014
Signed
May 4, 2015
Return Version
2013v4.0
Gross Receipts
$151,497
Mission and Program Overview

Mission

Promote Laredo as an industrial site

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$265,000$165,000▼ $100,000
Cash and Non-Interest-Bearing Accounts$158,912$82,288▼ $76,624
Land, Buildings, and Equipment, Net$62,270$51,500▼ $10,770
Accounts Receivable$48,963$3,338▼ $45,625
Prepaid Expenses and Deferred Charges$390$390→ $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$535,535$302,516▼ $233,019
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$846$49▼ $797
Total Liabilities$846$49▼ $797
Net Assets / Fund Balance
Unrestricted Net Assets$534,689$302,467▼ $232,222
Total Net Assets Fund Balance$534,689$302,467▼ $232,222
Total Liabilities and Net Assets / Fund Balance$535,535$302,516▼ $233,019

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$51,500$207,986$259,486
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Nativido LozanoChairman
Ed SherwoodPast President
Javier GarzaPast President
Tom McspaddenPast President
Rolando OrtizPresident
Ivan RodriguezVice President
Mercurio Martinez JrVice President
Tony ArceVice President
Alfonso ArguindeguiBoard Member
Daniel B Hastings IiiBoard Member
Dr R Stephen SearsBoard Member
Guillermo TrevinoBoard Member
Steve WhitworthAttorney
Carlo MolanoMember
Cristy SwisherMember
David GarzaMember
Jaime LoeraMember
Ramon Diez BarrosoMember
Bill GreenSecretary
Lupita R CanalesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$59,055
Program Service Revenue
$76,851
Investment Income
$1,591
Other Revenue
$14,000
Change in Net Assets
$-232,222
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$235,425
Other Expenses$148,294
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$168,448$29,726-$198,174
Other Employee Benefits$31,623$5,628-$37,251
All Other Expenses$14,986$4,514-$19,500
Conferences and Meetings$19,128--$19,128
Fees for Services Other$13,706$2,419-$16,125
Other Expenses$10,036$1,771-$11,807
Payment Travel Entrtnmnt Publicly Ofcl$9,334$1,647-$10,981
Depreciation Depletion$9,154$1,616-$10,770
Insurance$5,214$920-$6,134
Office Expenses-$2,777-$2,777
Advertising$531--$531
Total Functional Expenses$325,120$58,599$0$383,719
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
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
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
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
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

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

“IRS form 990 is reviewed by Laredo Development Foundation staff prior to distribution to board members. All board members questions and/or concerns are addressed prior to submission to the IRS.”

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

“All governing documents, policies, and financial statements are made available to the public upon request”

Filing and Contact Details

Filer

EIN
74-1623486
Phone
9567220563

Signing Officer

Name
Olivia Varela
Title
Executive Director
Signed
2015-05-04
Discuss with paid preparer
No

Organization Details

Legal Domicile
TX
Voting Board Members
20
Independent Board Members
20
Employees
5

Preparer

Preparer
Gloria E Flores
Phone
9567174193
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt1MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt3President
IRS990/Form990PartVIISectionAGrp/TitleTxt4MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt6Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt7Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt8ATTORNEY
IRS990/Form990PartVIISectionAGrp/TitleTxt9PAST PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt10PAST PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12PAST PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt13MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt18BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt19Vice President
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/Form990TFiledInd0false
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt020
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0151497
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt020
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt0920
IRS990/InsuranceGrp/ProgramServicesAmt05214
IRS990/InsuranceGrp/TotalAmt06134
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt01591
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01591
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt06
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0207986
IRS990/LandBldgEquipBasisNetGrp/BOYAmt062270
IRS990/LandBldgEquipBasisNetGrp/EOYAmt051500
IRS990/LandBldgEquipCostOrOtherBssAmt0259486
IRS990/LegalDomicileStateCd0TX
IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembershipDuesAmt059055
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Promote Laredo as an industrial site
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0534689
IRS990/NetAssetsOrFundBalancesEOYAmt0302467
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02777
IRS990/OfficeExpensesGrp/TotalAmt02777
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt05628
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt031623
IRS990/OtherEmployeeBenefitsGrp/TotalAmt037251
IRS990/OtherExpensesGrp/Desc0RENT
IRS990/OtherExpensesGrp/Desc1TELEPHONE
IRS990/OtherExpensesGrp/Desc2REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc3BOARD & PROSPECTS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03267
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12313
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt22001
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt31771
IRS990/OtherExpensesGrp/ProgramServicesAmt018514
IRS990/OtherExpensesGrp/ProgramServicesAmt113108
IRS990/OtherExpensesGrp/ProgramServicesAmt211338
IRS990/OtherExpensesGrp/ProgramServicesAmt310036
IRS990/OtherExpensesGrp/TotalAmt021781
IRS990/OtherExpensesGrp/TotalAmt115421
IRS990/OtherExpensesGrp/TotalAmt213339
IRS990/OtherExpensesGrp/TotalAmt311807
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0RENT
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt014000
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt014000
IRS990/OtherRevenueTotalAmt014000
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt029726
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0168448
IRS990/OtherSalariesAndWagesGrp/TotalAmt0198174
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0390
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0390
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0Conferences & Spl Project
IRS990/ProgramServiceRevenueGrp/Desc1Webb County
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt037351
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt139500
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt037351
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt139500
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt063235
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt03154
IRS990/PymtTravelEntrtnmntPubOfclGrp/ManagementAndGeneralAmt01647
IRS990/PymtTravelEntrtnmntPubOfclGrp/ProgramServicesAmt09334
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt010981
IRS990/PYOtherExpensesAmt0182456
IRS990/PYOtherRevenueAmt013600
IRS990/PYProgramServiceRevenueAmt0339640
IRS990/PYRevenuesLessExpensesAmt01853
IRS990/PYSalariesCompEmpBnftPaidAmt0235320
IRS990/PYTotalExpensesAmt0417776
IRS990/PYTotalRevenueAmt0419629
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-232222
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$302,516
Liabilities
$49
Net assets
$302,467
Revenue
$151,497
Expenses
$383,719
Net income
-$232,222
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.89$0.00$0.89$1.18$1.05$0.13
2023Detailed filing. Detailed filing data is available for this year.$0.25$0.01$0.25$0.89$0.88$0.01
2022Detailed filing. Detailed filing data is available for this year.$0.24$0.00$0.24$0.73$0.81$0.08
2021Detailed filing. Detailed filing data is available for this year.$0.33$0.01$0.32$0.72$0.75$0.03
2020Detailed filing. Detailed filing data is available for this year.$0.35$0.00$0.35$0.71$0.75$0.03
2019Summary only. Only limited summary data is available for this year.$0.38$0.00$0.38$0.71$0.63$0.08
2018Detailed filing. Detailed filing data is available for this year.$0.33$0.03$0.30$0.81$0.81$0.00
2017Detailed filing. Detailed filing data is available for this year.$0.32$0.01$0.31$0.83$0.78$0.05
2016Detailed filing. Detailed filing data is available for this year.$0.26$0.00$0.26$0.78$0.74$0.05
2015Detailed filing. Detailed filing data is available for this year.$0.21$0.00$0.21$0.40$0.49$0.10
2014Detailed filing. Detailed filing data is available for this year.$0.30$0.00$0.30$0.15$0.38$0.23
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.54$0.00$0.53$0.42
2012Summary only. Only limited summary data is available for this year.$0.53$0.00$0.53$0.41$0.38$0.03
2011Summary only. Only limited summary data is available for this year.$0.83$0.01$0.82$0.51$0.52$0.01