Civic Intelligence

Rgv Educational Broadcasting Inc

990 • Fiscal year 2015 • EIN 74-2324498

Jul 01, 2014 to Jun 30, 2015 • Filed on May 10, 2016

PO Box 2147Harlingen, TX 78551

(210) 421-4111

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

10th percentile

0.00x

Higher debt load relative to assets than 10% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Liabilities / Revenue

8th percentile

0.00x

Higher debt load relative to revenue than 8% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Net Margin

98th percentile

89%

Higher net margin than 98% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Top Officer Pay

19th percentile

$0

Higher top officer pay than 19% of similar nonprofits.

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

2015 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2015

Asset Growth

97th percentile

135%

Faster asset growth than 97% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Revenue Growth

99th percentile

851%

Faster revenue growth than 99% of similar nonprofits.

2015 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2014 to 2015

Assets

Up

$6,045,778

Up $3,468,548 (+135%) from 2014

Net Assets

Up

$6,034,267

Up $6,123,323 (+6876%) from 2014

Liabilities

Down

$11,511

Down $2,654,775 (-100%) from 2014

Revenue

Up

$6,907,260

Up $6,180,576 (+851%) from 2014

Expenses

Down

$783,937

Down $1,055,453 (-57%) from 2014

Net Income

Up

$6,123,323

Up $7,236,029 (+650%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MAssets 2010: $3,304,696Liabilities 2010: $1,438,678Net Assets 2010: $1,866,0182010Assets 2011: $3,266,431Liabilities 2011: $1,376,849Net Assets 2011: $1,889,5822011Assets 2012: $3,153,832Liabilities 2012: $1,621,821Net Assets 2012: $1,532,0112012Assets 2013: $2,853,763Liabilities 2013: $1,830,113Net Assets 2013: $1,023,6502013Assets 2014: $2,577,230Liabilities 2014: $2,666,286Net Assets 2014: -$89,0562014Assets 2015: $6,045,778Liabilities 2015: $11,511Net Assets 2015: $6,034,2672015Assets 2016: $5,727,763Liabilities 2016: $8,731Net Assets 2016: $5,719,0322016Assets 2017: $892,259Liabilities 2017: $6,531Net Assets 2017: $885,7282017Assets 2018: $649,314Liabilities 2018: $8,013Net Assets 2018: $641,3012018Assets 2019: $1,353,375Liabilities 2019: $61,161Net Assets 2019: $1,292,2142019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020

Highlighted filing

2015

Assets$6,045,778
Liabilities$11,511
Net Assets$6,034,267

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2010: $1,805,5442010Revenue 2011: $1,387,975Expenses 2011: $1,899,962Net Income 2011: -$511,9872011Expenses 2012: $1,929,7812012Revenue 2013: $1,914,027Expenses 2013: $2,422,388Net Income 2013: -$508,3612013Revenue 2014: $726,684Expenses 2014: $1,839,390Net Income 2014: -$1,112,7062014Revenue 2015: $6,907,260Expenses 2015: $783,937Net Income 2015: $6,123,3232015Revenue 2016: $134,379Expenses 2016: $449,614Net Income 2016: -$315,2352016Revenue 2017: $105,451Expenses 2017: $438,755Net Income 2017: -$333,3042017Revenue 2018: $108,423Expenses 2018: $352,850Net Income 2018: -$244,4272018Revenue 2019: $977,075Expenses 2019: $326,162Net Income 2019: $650,9132019Revenue 2020: $489,198Expenses 2020: $1,781,412Net Income 2020: -$1,292,2142020

Highlighted filing

2015

Revenue$6,907,260
Expenses$783,937
Net Income$6,123,323
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
May 10, 2016
Return Version
2014v6.0
Gross Receipts
$8,675,330
Mission and Program Overview

Mission

Rgv educational broadcasting, inc. Is committed to further all levels of education, to promote the arts, spiritual values and cultural development by means of electronic media, specifically for the communities of the rio grande valley in texas.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$78,082$5,235,522▲ $5,157,440
Land, Buildings, and Equipment, Net$2,190,446$554,440▼ $1,636,006
Accounts Receivable$128,960$149,110▲ $20,150
Prepaid Expenses and Deferred Charges$2,261$9,135▲ $6,874
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$2,577,230$6,045,778▲ $3,468,548
Other Assets Total$177,481$97,571▼ $79,910
Liabilities
Other Liabilities$789,776--
Mortgage Notes Payable Secured by Investment Property$602,682--
Accounts Payable and Accrued Expenses$1,265,028$11,511▼ $1,253,517
Deferred Revenue$8,800--
Total Liabilities$2,666,286$11,511▼ $2,654,775
Net Assets / Fund Balance
Unrestricted Net Assets$-89,056$6,034,267▲ $6,123,323
Total Net Assets Fund Balance$-89,056$6,034,267▲ $6,123,323
Total Liabilities and Net Assets / Fund Balance$2,577,230$6,045,778▲ $3,468,548

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$173,022$365,300$538,322
Buildings$245,069$222,027$467,096
Land$136,349-$136,349
Compensation and Service Providers

Board Members and Trustees

NameTitle
Alvaro GonzalezChairman/Pres
Andrew James HaganVice Chairman
Monsignor Gustavo BarreraSecretary
Richard WalkerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$27,649
Program Service Revenue
$129,355
Investment Income
$6,731,930
Other Revenue
$18,326
Change in Net Assets
$6,123,323
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$635,071
Salaries, Compensation, and Employee Benefits$148,866
Total Fundraising Expense$64,442
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$215,212$8,967-$224,179
Other Salaries and Wages$107,048$6,975$34,843$148,866
Insurance$22,850$22,849-$45,699
All Other Expenses$25,313$6,057$11,936$43,306
Other Expenses$19,851$4,449$16,570$16,570
Interest-$13,522-$13,522
Advertising-$933-$933
Total Functional Expenses$498,775$220,720$64,442$783,937
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$2,726
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
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
Yes

Governance Explanations

Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company

Accounting and financial reporting is handled by NETA as an outside management company.

Form 990, Part VI, Line 5: Description of Material Diversion of Assets

During the fiscal year ending June 30, 2015, the organization sold the television segment of the organization, including the television broadcasting license, resulting in a material diversion of assets.

Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

The Bishop of the Roman Catholic Diocese of Brownsville is the only member of RGV Educational Broadcasting Inc. There are no shareholders.

Form 990, Part VI, Line 7A: How Members or Shareholders Elect Governing Body

The Bishop, as the sole member, selects a minimum of three, but not more than five board members. These board members are responsible for the direction and management of the affairs of the corporation and the control and disposition of its assets.

Form 990, Part VI, Line 7B: Describe Decisions of Governing Body Approval by Members or Shareholders

The Bishop, as the sole member, is required to approve any amendment or restatement of the Articles of Incorporation or any amendment to the by-laws of the corporation. All other corporate powers are under the authority of the Board of Directors.

Form 990, Part VI, Line 11B: Form 990 Review Process

The Form 990 is presented to and reviewed with the finance director, who then delivers a recap to the board of directors or its designated representative.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

The board committee and executive officers are required to sign conflict of interest statements which requires disclosure and notification of any potential conflicts. This is reviewed annually.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Compensation is determined by the board chair and the treasurer.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Annual performance reviews are conducted by the executive director of all staff personnel with assistance of the appropriate committee, if applicable.

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

Governing documents and financial statements are available to the public on the organizations website and public inspection file.

Filing and Contact Details

Filer

Filer Name
RGV Educational Broadcasting Inc
EIN
74-2324498
Phone
2104214111
Address
PO Box 2147, Harlingen, TX 78551

Signing Officer

Name
Richard A Walker
Title
Treasurer
Signed
2016-05-10
Discuss with paid preparer
Yes

Organization Details

Formed
1985
Legal Domicile
TX
Voting Board Members
4
Independent Board Members
4
Employees
16
Volunteers
100

Preparer

Firm
Thomas Watson & Dyches LLC
Address
220 STONERIDGE DR SUITE 402, COLUMBIA, SC 29210
Preparer
Frank D Thomas CPA CVA ABV CFF
Phone
8037710077
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IRS990/PYOtherExpensesAmt01344919
IRS990/PYOtherRevenueAmt037898
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IRS990/ReportLandBuildingEquipmentInd0true
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt027649
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0323940
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01450227
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01176318
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01075188
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04053322
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt058203
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt061624
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt058273
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IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0419907
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0292906
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0254514
IRS990ScheduleA/OtherIncome170Grp/TotalAmt01335823
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IRS990ScheduleA/PublicSupportCY170Pct00.72100
IRS990ScheduleA/PublicSupportPY170Pct00.73350
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01176318
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01075188
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04053322
IRS990ScheduleA/TotalSupportAmt05621946
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0245069
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0222027
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0467096
IRS990ScheduleD/EquipmentGrp/BookValueAmt0173022
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0365300
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0538322
IRS990ScheduleD/LandGrp/BookValueAmt0136349
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0136349
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0554440
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleN/DirectorOfSuccessor2Ind0false
IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0Television segment equipment, land, and license.
IRS990ScheduleN/DispositionOfAssetsDetail/BusinessName/BusinessNameLine1Txt0MBTV Texas Valley LLC
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt02015-01-31
IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt08500000
IRS990ScheduleN/DispositionOfAssetsDetail/MethodOfFMVDeterminationTxt0FMV
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/AddressLine1Txt03512 Paesanos Pkwy Suite 206
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/CityNm0San Antonio
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/StateAbbreviationCd0TX
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/ZIPCd078231
IRS990ScheduleN/EmployeeOfSuccessor2Ind0false
IRS990ScheduleN/OwnerOfSuccessor2Ind0false
IRS990ScheduleN/ReceiveCompensation2Ind0false
IRS990ScheduleN/SupplementalInformationDetail/ExplanationTxt0RGV Educational Broadcasting sold the television segment of its operations. The television segment consisted of all television related property and equipment, including the television broadcasting tower, the land the tower was on, television broadcasting equipment, and the television broadcasting license. These assets were greater that 25% of the FMV of the net assets of RGV and all funds from the sale were used for current year operations, to retire debt, or remain in the bank for future operation.
IRS990ScheduleN/SupplementalInformationDetail/FormAndLineReferenceDesc0Sch N, Part III, Additional Information
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Accounting and financial reporting is handled by NETA as an outside management company.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1During the fiscal year ending June 30, 2015, the organization sold the television segment of the organization, including the television broadcasting license, resulting in a material diversion of assets.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Bishop of the Roman Catholic Diocese of Brownsville is the only member of RGV Educational Broadcasting Inc. There are no shareholders.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Bishop, as the sole member, selects a minimum of three, but not more than five board members. These board members are responsible for the direction and management of the affairs of the corporation and the control and disposition of its assets.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Bishop, as the sole member, is required to approve any amendment or restatement of the Articles of Incorporation or any amendment to the by-laws of the corporation. All other corporate powers are under the authority of the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The Form 990 is presented to and reviewed with the finance director, who then delivers a recap to the board of directors or its designated representative.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The board committee and executive officers are required to sign conflict of interest statements which requires disclosure and notification of any potential conflicts. This is reviewed annually.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Compensation is determined by the board chair and the treasurer.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Annual performance reviews are conducted by the executive director of all staff personnel with assistance of the appropriate committee, if applicable.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Governing documents and financial statements are available to the public on the organizations website and public inspection file.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 5: Description of Material Diversion of Assets
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Roman Catholic Diocese of Brownsville
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0741534098
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Church
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0Church
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01910 University Blvd
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Brownsville
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd078520
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0257854
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0Loan Repayment
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0Roman Catholic Diocese of Brownsville
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0r

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