Civic Intelligence

Texas Southmost College Foundation Inc

EIN 74-2338565 • 501(c)3 • Brownsville, TX

Profile

To assist Texas Southmost College in providing higher education to increase numbers of area residents by funding scholarships for elgible students.

80 Fort BrownBrownsville, TX 78520

www.tsc.edu

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

34th percentile

0.07x

Higher debt load relative to assets than 34% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

66th percentile

0.43x

Higher debt load relative to revenue than 66% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

97th percentile

88%

Higher net margin than 97% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

15th percentile

$0

Higher top officer pay than 15% of similar nonprofits.

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

501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

78th percentile

16%

Faster asset growth than 78% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

92nd percentile

101%

Faster revenue growth than 92% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets34th percentile

Assets

Up

$14,044,879

Up $1,943,849 (+16%) from 2023

Liabilities

Up

$935,257

Up $33,994 (+3.8%) from 2023

Net Assets

Up

$13,109,622

Up $1,909,855 (+17%) from 2023

Operations
Liabilities / Revenue66th percentileNet Margin97th percentile

Revenue

Up

$2,178,620

Up $1,095,019 (+101%) from 2023

Expenses

Down

$268,765

Down $155,008 (-37%) from 2023

Net Income

Up

$1,909,855

Up $1,250,027 (+189%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth78th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$15M$10M$5.0M$0Assets 2011: $5,751,803Liabilities 2011: $0Net Assets 2011: $5,751,8032011Assets 2012: $6,257,884Liabilities 2012: $2,000Net Assets 2012: $6,255,8842012Assets 2013: $6,954,703Liabilities 2013: $65,000Net Assets 2013: $6,889,7032013Assets 2014: $7,956,333Liabilities 2014: $65,000Net Assets 2014: $7,891,3332014Assets 2015: $7,887,135Liabilities 2015: $65,000Net Assets 2015: $7,822,1352015Assets 2016: $8,423,921Liabilities 2016: $65,000Net Assets 2016: $8,358,9212016Assets 2017: $9,249,828Liabilities 2017: $109,000Net Assets 2017: $9,140,8282017Assets 2018: $9,914,078Liabilities 2018: $254,872Net Assets 2018: $9,659,2062018Assets 2019: $9,702,851Liabilities 2019: $9,136Net Assets 2019: $9,693,7152019Assets 2020: $10,869,966Liabilities 2020: $192,154Net Assets 2020: $10,677,8122020Assets 2021: $12,813,191Liabilities 2021: $267,877Net Assets 2021: $12,545,3142021Assets 2022: $11,125,767Liabilities 2022: $585,828Net Assets 2022: $10,539,9392022Assets 2023: $12,101,030Liabilities 2023: $901,263Net Assets 2023: $11,199,7672023Assets 2024: $14,044,879Liabilities 2024: $935,257Net Assets 2024: $13,109,6222024

Highlighted filing

2024

Assets$14,044,879
Liabilities$935,257
Net Assets$13,109,622
Open 2024 Filing

Operations Trend

Revenue Growth92nd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$2.0M$0-$2.0M-$4.0MRevenue 2011: $760,051Expenses 2011: $131,265Net Income 2011: $628,7862011Revenue 2012: $605,881Expenses 2012: $101,800Net Income 2012: $504,0812012Revenue 2013: $721,853Expenses 2013: $88,034Net Income 2013: $633,8192013Revenue 2014: $1,034,766Expenses 2014: $33,136Net Income 2014: $1,001,6302014Revenue 2015: -$32,500Expenses 2015: $36,698Net Income 2015: -$69,1982015Revenue 2016: $570,114Expenses 2016: $33,328Net Income 2016: $536,7862016Revenue 2017: $935,429Expenses 2017: $153,522Net Income 2017: $781,9072017Revenue 2018: $817,598Expenses 2018: $299,220Net Income 2018: $518,3782018Revenue 2019: $332,341Expenses 2019: $297,832Net Income 2019: $34,5092019Revenue 2020: $1,261,451Expenses 2020: $277,354Net Income 2020: $984,0972020Revenue 2021: $2,272,600Expenses 2021: $405,098Net Income 2021: $1,867,5022021Revenue 2022: -$1,400,651Expenses 2022: $604,724Net Income 2022: -$2,005,3752022Revenue 2023: $1,083,601Expenses 2023: $423,773Net Income 2023: $659,8282023Revenue 2024: $2,178,620Expenses 2024: $268,765Net Income 2024: $1,909,8552024

Highlighted filing

2024

Revenue$2,178,620
Expenses$268,765
Net Income$1,909,855
Open 2024 Filing

Filings

Most recent year

2024 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$14,044,879
Liabilities
$935,257
Net assets
$13,109,622
Revenue
$2,178,620
Expenses
$268,765
Net income
$1,909,855
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.0$0.94$13.1$2.18$0.27$1.91
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.1$0.90$11.2$1.08$0.42$0.66
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.1$0.59$10.5$1.40$0.60$2.01
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.8$0.27$12.5$2.27$0.41$1.87
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.9$0.19$10.7$1.26$0.28$0.98
2019Summary only. Only limited summary data is available for this year.$9.70$0.01$9.69$0.33$0.30$0.03
2018Summary only. Only limited summary data is available for this year.$9.91$0.25$9.66$0.82$0.30$0.52
2017Summary only. Only limited summary data is available for this year.$9.25$0.11$9.14$0.94$0.15$0.78
2016Summary only. Only limited summary data is available for this year.$8.42$0.07$8.36$0.57$0.03$0.54
2015Summary only. Only limited summary data is available for this year.$7.89$0.07$7.82$0.03$0.04$0.07
2014Summary only. Only limited summary data is available for this year.$7.96$0.07$7.89$1.03$0.03$1.00
2013Summary only. Only limited summary data is available for this year.$6.95$0.07$6.89$0.72$0.09$0.63
2012Summary only. Only limited summary data is available for this year.$6.26$0.00$6.26$0.61$0.10$0.50
2011Summary only. Only limited summary data is available for this year.$5.75$0.00$5.75$0.76$0.13$0.63
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2020 below.

Jump To
Filing Snapshot
Filing Period
Sep 1, 2019 to Aug 31, 2020
Signed
Jul 14, 2021
Return Version
2019v5.1
Gross Receipts
$2,657,685
Mission and Program Overview

Mission

To assist Texas Southmost College in providing higher education to increase numbers of area residents by funding scholarships for elgible students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$9,352,417$10,595,788▲ $1,243,371
Cash and Non-Interest-Bearing Accounts$350,147$274,161▼ $75,986
Accounts Receivable$287$17▼ $270
Total Assets$9,702,851$10,869,966▲ $1,167,115
Liabilities
Accounts Payable and Accrued Expenses$9,136$192,154▲ $183,018
Total Liabilities$9,136$192,154▲ $183,018
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$9,693,715$10,677,812▲ $984,097
Total Net Assets Fund Balance$9,693,715$10,677,812▲ $984,097
Total Liabilities and Net Assets / Fund Balance$9,702,851$10,869,966▲ $1,167,115
Compensation and Service Providers
Top Officer Pay15th percentile

Board Members and Trustees

NameTitle
Gustavo SternChair
-President
Art GarzaVice Chair
Adela GarzaMember
Delia SaenzMember
Eduardo CampiranoMember
Manny M CasanovaMember
Roy De Los Santos-CuellarMember
Dr Jesus R RodriguezSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$705,999
Other Revenue
$555,452
Change in Net Assets
$984,097

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,261,451
Total Revenue per Audited Statements
$1,261,451
Total Revenue per Form 990
$1,261,451
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$277,354
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting---$4,800
Other Expenses---$2,662
Total Functional Expenses$0$0$0$277,354

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$277,354
Total Expenses per Audited Statements$277,354
Total Expenses per Form 990$277,354
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Backup withholding compliance
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

“Organizations process used to review Form 990 Form 990 is reviewed by one or more officers of the Organization prior to being signed and submitted.”

Filing and Contact Details

Filer

Filer Name
Texas Southmost College Foundation Inc
EIN
74-2338565
Phone
9568827306
Address
80 Fort Brown, Brownsville, TX 78520

Signing Officer

Name
Manny M Casanova
Title
Foundation Board Chair
Signed
2021-07-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Manny M Casanova
Formed
1984
Legal Domicile
TX
Voting Board Members
9
Independent Board Members
0
Employees
0

Preparer

Firm
Cascos & Associates PC
Address
765 E 7th, Brownsville, TX 78520
Preparer
Carlos H Cascos
Phone
9565447778
Raw XML Appendix349 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.

Path#Value
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IRS990ScheduleA/FactsAndCircumstancesTestTxt0Part IV Section E Line 1c The Texas Southmost College Foundation, Inc. is meant to be comprised of a 13 member Board of Directors. Currently, the Foundation only has nine active members The Texas Southmost College District is the only supported entity of the Texas Southmost College Foundation, Inc As described in the organizations mission, the sole purpose of the TSC Foundation is to assist Texas Southmost College in providing higher education to increased numbers of area residents by funding scholarships.
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0Manny M Casanova
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Foundation Board Chair
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-07-14
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ReturnHeader/PreparerPersonGrp/PreparationDt02021-07-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Carlos H Cascos
ReturnHeader/ReturnTs02021-07-14T11:04:25-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-09-01
ReturnHeader/TaxPeriodEndDt02020-08-31
ReturnHeader/TaxYr02019

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