Civic Intelligence

Greater Laredo Development Foundation

990 • Fiscal year 2018 • EIN 74-1623486

Oct 01, 2017 to Sep 30, 2018 • Filed on Aug 15, 2019

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

60th percentile

0.08x

Higher debt load relative to assets than 60% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

49th percentile

0.03x

Higher debt load relative to revenue than 49% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

38th percentile

-0.5%

Higher net margin than 38% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2018

Asset Growth

51st percentile

1.9%

Faster asset growth than 51% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

35th percentile

-2.5%

Faster revenue growth than 35% of similar nonprofits.

2018 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets60th percentile

Assets

Up

$328,829

Up $6,063 (+1.9%) from 2017

Net Assets

Down

$303,671

Down $4,284 (-1.4%) from 2017

Liabilities

Up

$25,158

Up $10,347 (+70%) from 2017

Revenue And Expenses
Liabilities / Revenue49th percentileNet Margin38th percentile

Revenue

Down

$810,234

Down $20,571 (-2.5%) from 2017

Expenses

Up

$814,518

Up $35,488 (+4.6%) from 2017

Net Income

Down

-$4,284

Down $56,059 (-108%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth51st 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

2018

Assets$328,829
Liabilities$25,158
Net Assets$303,671
Open 2018 Filing

Operations Trend

Revenue Growth35th 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

2018

Revenue$810,234
Expenses$814,518
Net Income-$4,284
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2017 to Sep 30, 2018
Signed
Aug 15, 2019
Return Version
2017v2.2
Gross Receipts
$810,234
Mission and Program Overview

Mission

Promote Laredo as an industrial site

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$139,184$187,319▲ $48,135
Land, Buildings, and Equipment, Net$104,337$104,675▲ $338
Cash and Non-Interest-Bearing Accounts$78,853$36,444▼ $42,409
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$322,766$328,829▲ $6,063
Other Assets Total$2$1▼ $1
Liabilities
Accounts Payable and Accrued Expenses$14,811$25,158▲ $10,347
Total Liabilities$14,811$25,158▲ $10,347
Net Assets / Fund Balance
Unrestricted Net Assets$307,955$303,671▼ $4,284
Total Net Assets Fund Balance$307,955$303,671▼ $4,284
Total Liabilities and Net Assets / Fund Balance$322,766$328,829▲ $6,063

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$40,240$105,945$146,185
Leasehold Improvements$50,652$54,787$105,439
Other Land Buildings$13,783$1,532$15,315
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Bill GreenChairman
Ed SherwoodPast President
Nativido LozanoPast President
Rolando OrtizPast President
Tony ArcePresident
Alfonso ArguindeguiVice President
Emilio RicherVice President
Guillermo TrevinoVice President
Ivan RodriguezVice President
Alma AcevedoBoard Member
Carlo MolanoBoard Member
Cliffe KilliamBoard Member
Daniel B Hastings IIIBoard Member
Dr Ricardo SolisBoard Member
Elmo LopezBoard Member
Lupita R CanalesBoard Member
Orlando NavarroBoard Member
Pat MurphyBoard Member
Steve WhitworthAttorney
Chris HayesSecretary
Tom McSpaddenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$135,700
Program Service Revenue
$660,134
Investment Income
$0
Other Revenue
$14,400
All Other Contributions
$67,441
Change in Net Assets
$-4,284
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$426,767
Other Expenses$387,751
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$277,718$92,572-$370,290
Occupancy$73,012$24,337-$97,349
All Other Expenses$65,567$21,854-$87,421
Other Employee Benefits$23,496$7,832-$31,328
Payroll Taxes$18,862$6,287-$25,149
Other Expenses$18,325$6,108-$24,433
Travel$16,569$5,523-$22,092
Advertising$14,123$4,707-$18,830
Depreciation Depletion$10,997$3,665-$14,662
Insurance$6,747$2,249-$8,996
Total Functional Expenses$623,754$190,764$0$814,518
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
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
Yes
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 18: Explanation of Other Means Forms Available For Public Inspection

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

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

“No documents available to the public.”

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
2019-08-15
Discuss with paid preparer
Yes

Organization Details

Legal Domicile
TX
Voting Board Members
21
Independent Board Members
21
Employees
7

Preparer

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

Additional Explanations

Form 990, Part IX, Line 24E: Other Expenses

“Bank Service Charges: Column (A) - Total = $1210; Column (B) - Program Services = $908; Column (C) - Management & General = $302; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“Consulting Fees: Column (A) - Total = $4698; Column (B) - Program Services = $3524; Column (C) - Management & General = $1174; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“Dues & Subscriptions: Column (A) - Total = $15631; Column (B) - Program Services = $11723; Column (C) - Management & General = $3908; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“Postage and Shipping: Column (A) - Total = $954; Column (B) - Program Services = $716; Column (C) - Management & General = $238; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“Professional Fees: Column (A) - Total = $7387; Column (B) - Program Services = $5540; Column (C) - Management & General = $1847; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“Prospect/Board Expense: Column (A) - Total = $12340; Column (B) - Program Services = $9255; Column (C) - Management & General = $3085; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“Security : Column (A) - Total = $431; Column (B) - Program Services = $323; Column (C) - Management & General = $108; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“Seminars: Column (A) - Total = $10361; Column (B) - Program Services = $7771; Column (C) - Management & General = $2590; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“Telephone: Column (A) - Total = $16183; Column (B) - Program Services = $12137; Column (C) - Management & General = $4046; Column (D) - Fundraising = $0”

Form 990, Part IX, Line 24E: Other Expenses

“Utilities: Column (A) - Total = $18226; Column (B) - Program Services = $13670; Column (C) - Management & General = $4556; Column (D) - Fundraising = $0”

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IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt3Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt4Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt5Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt6Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt7Attorney
IRS990/Form990PartVIISectionAGrp/TitleTxt8Past President
IRS990/Form990PartVIISectionAGrp/TitleTxt9Past President
IRS990/Form990PartVIISectionAGrp/TitleTxt10Past President
IRS990/Form990PartVIISectionAGrp/TitleTxt11Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt12Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt13Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt14Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt15Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt16Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt17Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt18Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt19Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt20Board Member
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IRS990/LoanOutstandingInd0false
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IRS990/MinutesOfGoverningBodyInd0true
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IRS990/MoreThan5000KToOrgInd0false
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IRS990/PYOtherRevenueAmt014400
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Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$328,829
Liabilities
$25,158
Net assets
$303,671
Revenue
$810,234
Expenses
$814,518
Net income
-$4,284
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