Civic Intelligence

Greater Laredo Development Foundation

990 • Fiscal year 2020 • EIN 74-1623486

Oct 01, 2019 to Sep 30, 2020 • Filed on Jun 16, 2021

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

27th percentile

0.00x

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

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

27th percentile

0.00x

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

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

29th percentile

-4.6%

Higher net margin than 29% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2020

Asset Growth

13th percentile

-8.5%

Faster asset growth than 13% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

53rd percentile

0.6%

Faster revenue growth than 53% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets27th percentile

Assets

Down

$351,100

Down $32,747 (-8.5%) from 2019

Net Assets

Down

$351,100

Down $32,687 (-8.5%) from 2019

Liabilities

Down

$0

Down $60 (-100%) from 2019

Revenue And Expenses
Liabilities / Revenue27th percentileNet Margin29th percentile

Revenue

Up

$713,283

Up $4,238 (+0.6%) from 2019

Expenses

Up

$745,970

Up $117,041 (+19%) from 2019

Net Income

Down

-$32,687

Down $112,803 (-141%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth13th 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

2020

Assets$351,100
Liabilities$0
Net Assets$351,100
Open 2020 Filing

Operations Trend

Revenue Growth53rd 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

2020

Revenue$713,283
Expenses$745,970
Net Income-$32,687
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2019 to Sep 30, 2020
Signed
Jun 16, 2021
Return Version
2019v5.0
Gross Receipts
$713,283
Mission and Program Overview

Mission

Promote Laredo as an industrial site

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$187,200$219,265▲ $32,065
Land, Buildings, and Equipment, Net$88,516$79,480▼ $9,036
Accounts Receivable$107,740$51,965▼ $55,775
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$383,847$351,100▼ $32,747
Other Assets Total$1$0▼ $1
Liabilities
Accounts Payable and Accrued Expenses$60--
Total Liabilities$60$0▼ $60
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$383,787$351,100▼ $32,687
Total Net Assets Fund Balance$383,787$351,100▼ $32,687
Total Liabilities and Net Assets / Fund Balance$383,847$351,100▼ $32,747

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$27,734$123,837$151,571
Leasehold Improvements$41,027$64,412$105,439
Other Land Buildings$10,719$4,596$15,315
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Tony ArceChairman
Bill GreenPast Chairman
Ed SherwoodPast Chairman
Nativido LozanoPast Chairman
Rolando OrtizPast Chairman
Alfonso ArguindeguiVice Chairman
Emilio RicherVice Chairman
Guillermo TrevinoVice Chairman
Lupita R CanalesVice Chairman
Orlando NavarroVice Chairman
Chris HayesBoard Member
Cliffe KilliamBoard Member
Daniel B Hastings IIIBoard Member
Dr Ricardo SolisBoard Member
Elmo LopezBoard Member
Guillermo GarciaBoard Member
Ignacio UrrabazoBoard Member
James NotzonBoard Member
Robert MorrisBoard Member
Steve WhitworthAttorney
Carlo MolanoSecretary
Tom McSpaddenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$103,883
Program Service Revenue
$595,000
Investment Income
$0
Other Revenue
$14,400
All Other Contributions
$53,800
Change in Net Assets
$-32,687
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$463,717
Other Expenses$282,253
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$300,188$100,062-$400,250
Occupancy$52,602$17,534-$70,136
All Other Expenses$47,290$20,761-$68,051
Pension Plan Contributions$24,719$8,240-$32,959
Payroll Taxes$22,881$7,627-$30,508
Other Expenses$16,901$5,633-$22,534
Travel$12,595$4,198-$16,793
Depreciation Depletion$10,817$3,605-$14,422
Insurance$8,974$2,991-$11,965
Total Functional Expenses$555,731$190,239$0$745,970
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
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 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
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
Gene Lindgren
Title
President & CEO
Signed
2021-06-16
Discuss with paid preparer
Yes

Organization Details

Legal Domicile
TX
Voting Board Members
22
Independent Board Members
22
Employees
10

Preparer

Firm
Canales Garza & Baum Pllc
Address
PO BOX 3627, LAREDO, TX 78044
Preparer
Aaron Canales CPA
Phone
9567241111
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IRS990/Form990PartVIISectionAGrp/TitleTxt0Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt1Past Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt2Vice Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt3Vice Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt4Vice Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt5Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt6Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt7Attorney
IRS990/Form990PartVIISectionAGrp/TitleTxt8Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt9Past Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt10Past Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt11Past Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt12Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt13Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt14Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt15Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt16Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt17Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt18Vice Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt19Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt20Vice Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt21Board Member
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt022
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0713283
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt022
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt02991
IRS990/InsuranceGrp/ProgramServicesAmt08974
IRS990/InsuranceGrp/TotalAmt011965
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt00
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt023
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0192845
IRS990/LandBldgEquipBasisNetGrp/BOYAmt088516
IRS990/LandBldgEquipBasisNetGrp/EOYAmt079480
IRS990/LandBldgEquipCostOrOtherBssAmt0272325
IRS990/LegalDomicileStateCd0TX
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0true
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembershipDuesAmt050083
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0Promote Laredo as an industrial site
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0383787
IRS990/NetAssetsOrFundBalancesEOYAmt0351100
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0383787
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0351100
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt017534
IRS990/OccupancyGrp/ProgramServicesAmt052602
IRS990/OccupancyGrp/TotalAmt070136
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0Repairs and Maintenance
IRS990/OtherExpensesGrp/Desc1Seminars
IRS990/OtherExpensesGrp/Desc2Office Supplies
IRS990/OtherExpensesGrp/Desc3Utilities
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt16693
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt26052
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt35633
IRS990/OtherExpensesGrp/ProgramServicesAmt020529
IRS990/OtherExpensesGrp/ProgramServicesAmt120080
IRS990/OtherExpensesGrp/ProgramServicesAmt218155
IRS990/OtherExpensesGrp/ProgramServicesAmt316901
IRS990/OtherExpensesGrp/TotalAmt027372
IRS990/OtherExpensesGrp/TotalAmt126773
IRS990/OtherExpensesGrp/TotalAmt224207
IRS990/OtherExpensesGrp/TotalAmt322534
IRS990/OtherInd0X
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Rent
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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt014400
IRS990/OtherRevenueTotalAmt014400
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0100062
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0300188
IRS990/OtherSalariesAndWagesGrp/TotalAmt0400250
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt07627
IRS990/PayrollTaxesGrp/ProgramServicesAmt022881
IRS990/PayrollTaxesGrp/TotalAmt030508
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt08240
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt024719
IRS990/PensionPlanContributionsGrp/TotalAmt032959
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliciesReferenceChaptersInd0true
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0390
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0390
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0Conferences & Projects
IRS990/ProgramServiceRevenueGrp/Desc1Contracted Services
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1590000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1590000
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0134763
IRS990/PYExcessBenefitTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0233384
IRS990/PYOtherRevenueAmt014647
IRS990/PYProgramServiceRevenueAmt0559635
IRS990/PYRevenuesLessExpensesAmt080116
IRS990/PYSalariesCompEmpBnftPaidAmt0395545
IRS990/PYTotalExpensesAmt0628929
IRS990/PYTotalRevenueAmt0709045

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$351,100
Liabilities
$0
Net assets
$351,100
Revenue
$713,283
Expenses
$745,970
Net income
-$32,687
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