Civic Intelligence

Greater Laredo Development Foundation

990 • Fiscal year 2015 • EIN 74-1623486

Oct 01, 2014 to Sep 30, 2015 • Filed on Jul 11, 2016

Organization ProfileN/A

View Organization Page

P O Box 2682Laredo, TX 78044

(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

Tied with the lowest-debt nonprofits in its peer group.

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

Liabilities / Revenue

54th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

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

Net Margin

14th percentile

-24%

Higher net margin than 14% of similar nonprofits.

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

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2015

Asset Growth

14th percentile

-32%

Faster asset growth than 14% of similar nonprofits.

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

Revenue Growth

96th percentile

162%

Faster revenue growth than 96% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets54th percentile

Assets

Down

$206,943

Down $95,573 (-32%) from 2014

Net Assets

Down

$206,943

Down $95,524 (-32%) from 2014

Liabilities

Down

$0

Down $49 (-100%) from 2014

Revenue And Expenses
Liabilities / Revenue54th percentileNet Margin14th percentile

Revenue

Up

$397,591

Up $246,094 (+162%) from 2014

Expenses

Up

$493,115

Up $109,396 (+29%) from 2014

Net Income

Up

-$95,524

Up $136,698 (+59%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth14th 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

2015

Assets$206,943
Liabilities$0
Net Assets$206,943
Open 2015 Filing

Operations Trend

Revenue Growth96th 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

2015

Revenue$397,591
Expenses$493,115
Net Income-$95,524
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2014 to Sep 30, 2015
Signed
Jul 11, 2016
Return Version
2014v6.0
Gross Receipts
$397,591
Mission and Program Overview

Mission

Promote Laredo as an industrial site

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$165,000$0▼ $165,000
Accounts Receivable$3,338$114,723▲ $111,385
Land, Buildings, and Equipment, Net$51,500$57,133▲ $5,633
Cash and Non-Interest-Bearing Accounts$82,288$34,697▼ $47,591
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$302,516$206,943▼ $95,573
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$49--
Total Liabilities$49$0▼ $49
Net Assets / Fund Balance
Unrestricted Net Assets$302,467$206,943▼ $95,524
Total Net Assets Fund Balance$302,467$206,943▼ $95,524
Total Liabilities and Net Assets / Fund Balance$302,516$206,943▼ $95,573

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$57,133$214,001$271,134
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Rolando OrtizChairman
Ed SherwoodPast President
Nativido LozanoPast President
Bill GreenPresident
Alfonso ArguindeguiVice President
Daniel B Hastings IiiVice President
Guillermo TrevinoVice President
Ivan RodriguezVice President
Tony ArceVice President
Alex Perez JrBoard Member
Carlo MolanoBoard Member
Cristy SwisherBoard Member
David GarzaBoard Member
Dr R Stephen SearsBoard Member
Ermilo RicherBoard Member
George J AltgeltBoard Member
James NotzonBoard Member
Javier GarzaBoard Member
Mercurio Martinez JrBoard Member
Miguel ConchasBoard Member
Pete SaenzBoard Member
Ramon Diez BarrosoBoard Member
Roque Vela JrBoard Member
Tano E TijerinaBoard Member
Steve WhitworthAttorney
Lupita R CanalesSecretary
Tom McspaddenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$59,955
Program Service Revenue
$322,706
Investment Income
$530
Other Revenue
$14,400
Change in Net Assets
$-95,524

Audited Revenue Reconciliation

Revenue per Audited Statements
$397,591
Total Revenue per Audited Statements
$397,591
Total Revenue per Form 990
$397,591
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$252,278
Other Expenses$240,837
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$176,853$38,822-$215,675
All Other Expenses$37,482$7,685-$45,167
Other Employee Benefits$30,014$6,589-$36,603
Travel$26,400--$26,400
Advertising$21,837--$21,837
Other Expenses$13,303$2,920-$16,223
Depreciation Depletion$4,932$1,083-$6,015
Insurance$4,679$1,027-$5,706
Office Expenses$3,994$877-$4,871
Total Functional Expenses$421,660$71,455$0$493,115

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$493,115
Total Expenses per Audited Statements$493,115
Total Expenses per Form 990$493,115
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

Filer Name
Greater Laredo Development Foundation
EIN
74-1623486
Phone
9567220563
Address
P O Box 2682, Laredo, TX 78044

Signing Officer

Name
Olivia Varela
Title
Executive Director
Signed
2016-07-11
Discuss with paid preparer
No

Organization Details

Legal Domicile
TX
Voting Board Members
27
Independent Board Members
27
Employees
4

Preparer

Firm
Flores Auditing Pllc
Address
3112 SPRING CREEK DR, LAREDO, TX 78045-8141
Preparer
Gloria E Flores
Phone
9567174193
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IRS990/Form990PartVIISectionAGrp/PersonNm26TANO E TIJERINA
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IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt3Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt18BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt20BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt22BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt23BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt24BOARD MEMBER
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Document Assets

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Filings

Displayed year

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

Open filing
Assets
$206,943
Liabilities
$0
Net assets
$206,943
Revenue
$397,591
Expenses
$493,115
Net income
-$95,524
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