Civic Intelligence

Greater Laredo Development Foundation

990 • Fiscal year 2021 • EIN 74-1623486

Oct 01, 2020 to Sep 30, 2021 • Filed on Jun 07, 2022

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

49th percentile

0.02x

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

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

41st percentile

0.01x

Higher debt load relative to revenue than 41% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

21st percentile

-4.9%

Higher net margin than 21% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2021

Asset Growth

14th percentile

-6.6%

Faster asset growth than 14% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

35th percentile

0.3%

Faster revenue growth than 35% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets49th percentile

Assets

Down

$327,784

Down $23,316 (-6.6%) from 2020

Net Assets

Down

$320,476

Down $30,624 (-8.7%) from 2020

Liabilities

Up

$7,308

Up $7,308 from 2020

Revenue And Expenses
Liabilities / Revenue41st percentileNet Margin21st percentile

Revenue

Up

$715,565

Up $2,282 (+0.3%) from 2020

Expenses

Up

$750,497

Up $4,527 (+0.6%) from 2020

Net Income

Down

-$34,932

Down $2,245 (-6.9%) from 2020

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

2021

Assets$327,784
Liabilities$7,308
Net Assets$320,476
Open 2021 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

2021

Revenue$715,565
Expenses$750,497
Net Income-$34,932
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2020 to Sep 30, 2021
Signed
Jun 7, 2022
Return Version
2020v4.0
Gross Receipts
$715,565
Mission and Program Overview

Mission

Promote Laredo as an industrial site

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$219,265$123,337▼ $95,928
Accounts Receivable$51,965$118,583▲ $66,618
Land, Buildings, and Equipment, Net$79,480$85,471▲ $5,991
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$351,100$327,784▼ $23,316
Other Assets Total-$3-
Liabilities
Mortgage Notes Payable Secured by Investment Property-$7,308-
Total Liabilities$0$7,308▲ $7,308
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$351,100$320,476▼ $30,624
Total Net Assets Fund Balance$351,100$320,476▼ $30,624
Total Liabilities and Net Assets / Fund Balance$351,100$327,784▼ $23,316

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$40,069$134,825$174,894
Leasehold Improvements$36,215$69,224$105,439
Other Land Buildings$9,187$6,128$15,315
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Lupita R CanalesChairman
Bill GreenPast Chairman
Nativido LozanoPast Chairman
Rolando OrtizPast Chairman
Tony ArcePast Chairman
Chris HayesVice Chairman
Ed SherwoodVice Chairman
Elmo LopezVice Chairman
Emilio RicherVice Chairman
Guillermo GarciaVice Chairman
Ignacio UrrabazoVice Chairman
Alberto De LlanoBoard Member
Alfonso ArguindeguiBoard Member
Carlo MolanoBoard Member
Cliffe KilliamBoard Member
Daniel B Hastings IIIBoard Member
Dr Steve SearsBoard Member
Guillermo TrevinoBoard Member
James FloresBoard Member
Jeffrey MillerBoard Member
John VillarrealBoard Member
Julian RotnofskyBoard Member
Mercurio Martinez IIIBoard Member
Miriam CastilloBoard Member
Robert EadsBoard Member
Ruben GutierrezBoard Member
Ruben SotoBoard Member
Steve WhitworthAttorney
Orlando NavarroSecretary
John VillarrealTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$111,165
Program Service Revenue
$590,000
Investment Income
$0
Other Revenue
$14,400
All Other Contributions
$35,000
Change in Net Assets
$-34,932
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$451,111
Other Expenses$299,386
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$282,365$94,121-$376,486
Occupancy$57,290$19,097-$76,387
All Other Expenses$37,623$12,539-$50,162
Other Employee Benefits$34,211$11,404-$45,615
Payroll Taxes$21,758$7,252-$29,010
Conferences and Meetings$20,885$6,961-$27,846
Other Expenses$14,447$4,816-$19,263
Depreciation Depletion$12,999$4,333-$17,332
Insurance$9,807$3,269-$13,076
Advertising$9,280$3,093-$12,373
Travel$1,658$553-$2,211
Total Functional Expenses$562,876$187,621$0$750,497
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 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
2022-06-07
Discuss with paid preparer
Yes

Organization Details

Legal Domicile
TX
Voting Board Members
30
Independent Board Members
30
Employees
9

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/PersonNm11Bill Green
IRS990/Form990PartVIISectionAGrp/PersonNm12Daniel B Hastings III
IRS990/Form990PartVIISectionAGrp/PersonNm13Carlo Molano
IRS990/Form990PartVIISectionAGrp/PersonNm14Ruben Soto
IRS990/Form990PartVIISectionAGrp/PersonNm15Julian Rotnofsky
IRS990/Form990PartVIISectionAGrp/PersonNm16Cliffe Killiam
IRS990/Form990PartVIISectionAGrp/PersonNm17Ignacio Urrabazo
IRS990/Form990PartVIISectionAGrp/PersonNm18Lupita R Canales
IRS990/Form990PartVIISectionAGrp/PersonNm19Elmo Lopez
IRS990/Form990PartVIISectionAGrp/PersonNm20Orlando Navarro
IRS990/Form990PartVIISectionAGrp/PersonNm21Guillermo Garcia
IRS990/Form990PartVIISectionAGrp/PersonNm22Ruben Gutierrez
IRS990/Form990PartVIISectionAGrp/PersonNm23Miriam Castillo
IRS990/Form990PartVIISectionAGrp/PersonNm24Robert Eads
IRS990/Form990PartVIISectionAGrp/PersonNm25James Flores
IRS990/Form990PartVIISectionAGrp/PersonNm26Alberto De Llano
IRS990/Form990PartVIISectionAGrp/PersonNm27Mercurio Martinez III
IRS990/Form990PartVIISectionAGrp/PersonNm28Jeffrey Miller
IRS990/Form990PartVIISectionAGrp/PersonNm29John Villarreal
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IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt2Board Member
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IRS990/Form990PartVIISectionAGrp/TitleTxt4Vice Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt5Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt6Vice Chairman
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IRS990/Form990PartVIISectionAGrp/TitleTxt8Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt9Past Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt10Past Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt11Past Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt12Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt13Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt14Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt15Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt16Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt17Vice Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt18Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt19Vice Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt20Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt21Vice Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt22Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt23Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt24Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt25Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt26Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt27Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt28Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt29Board Member
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$327,784
Liabilities
$7,308
Net assets
$320,476
Revenue
$715,565
Expenses
$750,497
Net income
-$34,932
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