Civic Intelligence

Greater Laredo Development Foundation

990 • Fiscal year 2024 • EIN 74-1623486

Oct 01, 2023 to Sep 30, 2024 • Filed on May 23, 2025

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

33rd percentile

0.00x

Higher debt load relative to assets than 33% of similar nonprofits.

2024 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

31st percentile

0.00x

Higher debt load relative to revenue than 31% of similar nonprofits.

2024 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2024

Net Margin

53rd percentile

11%

Higher net margin than 53% of similar nonprofits.

2024 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

62nd percentile

$0

Higher top officer pay than 62% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2024 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2024

Asset Growth

98th percentile

251%

Faster asset growth than 98% of similar nonprofits.

2024 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

75th percentile

32%

Faster revenue growth than 75% of similar nonprofits.

2024 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets33rd percentile

Assets

Up

$893,969

Up $639,413 (+251%) from 2023

Net Assets

Up

$892,130

Up $644,606 (+260%) from 2023

Liabilities

Down

$1,839

Down $5,193 (-74%) from 2023

Revenue And Expenses
Liabilities / Revenue31st percentileNet Margin53rd percentile

Revenue

Up

$1,180,412

Up $287,452 (+32%) from 2023

Expenses

Up

$1,049,498

Up $165,445 (+19%) from 2023

Net Income

Up

$130,914

Up $122,007 (+1370%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth98th 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

2024

Assets$893,969
Liabilities$1,839
Net Assets$892,130
Open 2024 Filing

Operations Trend

Revenue Growth75th 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

2024

Revenue$1,180,412
Expenses$1,049,498
Net Income$130,914
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
May 23, 2025
Return Version
2023v6.0
Gross Receipts
$1,180,412
Mission and Program Overview

Mission

Promote Laredo as an industrial site

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$100,796$660,042▲ $559,246
Accounts Receivable$46,667$130,528▲ $83,861
Land, Buildings, and Equipment, Net$106,701$103,005▼ $3,696
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$254,556$893,969▲ $639,413
Other Assets Total$2$4▲ $2
Liabilities
Accounts Payable and Accrued Expenses$7,032$1,839▼ $5,193
Total Liabilities$7,032$1,839▼ $5,193
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$247,524$892,130▲ $644,606
Total Net Assets Fund Balance$247,524$892,130▲ $644,606
Total Liabilities and Net Assets / Fund Balance$254,556$893,969▲ $639,413

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$14,851$162,165$177,016
Leasehold Improvements$83,563$87,249$170,812
Other Land Buildings$4,591$10,724$15,315
Compensation and Service Providers
Top Officer Pay62nd percentile

Board Members and Trustees

NameTitle
Ignacio UrrabazoChairman
Lupita R CanalesImmediate Chair
Bill GreenPast Chairman
Rolando OrtizPast Chairman
Tony ArcePast Chairman
Chris HaynesVice Chairman
Elmo LopezVice Chairman
Olivia Varela-SantosVice Chairman
Ruben SotoVice Chairman
Alfonso ArguindeguiBoard Member
Councilman Ruben GutierrezBoard Member
Daniel B Hastings IIIBoard Member
Dr Diana Y OrtizBoard Member
Dr Tyler KingBoard Member
Ed SherwoodBoard Member
Eddie AldreteBoard Member
Gilbert SanchezBoard Member
Guillermo TrevinoBoard Member
James FloresBoard Member
James NotzonBoard Member
Jose ValdezBoard Member
Justin HeatherBoard Member
Kurt AJ KrausBoard Member
Monica Y MartinezBoard Member
Reagan MacDonaldBoard Member
Steve WhitworthAttorney
Emilio RicherSecretary
John VillarrealTreasurer
Hector AlanizVice Chariman
Revenue and Support

Revenue Composition

Contributions and Grants
$901,128
Program Service Revenue
$255,114
Investment Income
$5,370
Other Revenue
$18,800
All Other Contributions
$179,753
Change in Net Assets
$130,914
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$565,937
Other Expenses$483,561
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$353,736$117,912-$471,648
Occupancy$94,726$31,575-$126,301
All Other Expenses$59,531$19,841-$79,372
Other Employee Benefits$43,205$14,401-$57,606
Payroll Taxes$27,512$9,171-$36,683
Other Expenses$17,996$5,998-$23,994
Insurance$16,045$5,348-$21,393
Depreciation Depletion$12,524$4,174-$16,698
Travel$11,372$3,791-$15,163
Advertising$8,234$2,745-$10,979
Conferences and Meetings$7,799$2,600-$10,399
Total Functional Expenses$787,126$262,372$0$1,049,498
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
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
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“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, Section C, Line 18

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

Form 990, Part VI, Section C, Line 19

“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
David A Stedman
Title
President & CEO
Signed
2025-05-23
Discuss with paid preparer
Yes

Organization Details

Legal Domicile
TX
Voting Board Members
29
Independent Board Members
29
Employees
8

Preparer

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

Additional Explanations

Form 990, Part XI, Line 9

“Cash Received - LDF = $513692”

Raw XML AppendixShowing 400 of 652 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/PersonNm19Olivia Varela-Santos
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IRS990/Form990PartVIISectionAGrp/PersonNm25James Notzon
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IRS990/Form990PartVIISectionAGrp/PersonNm27Councilman Ruben Gutierrez
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IRS990/Form990PartVIISectionAGrp/TitleTxt1Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt2Board Member
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IRS990/Form990PartVIISectionAGrp/TitleTxt4Secretary
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IRS990/Form990PartVIISectionAGrp/TitleTxt6Vice Chariman
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IRS990/Form990PartVIISectionAGrp/TitleTxt8Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt9Past Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt10Past Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt11Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt12Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt13Vice Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt14Vice Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt15Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt16Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt17Immediate Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt18Vice Chairman
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IRS990/Form990PartVIISectionAGrp/TitleTxt20Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt21Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt22Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt23Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt24Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt25Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt26Board Member
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$893,969
Liabilities
$1,839
Net assets
$892,130
Revenue
$1,180,412
Expenses
$1,049,498
Net income
$130,914
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