Civic Intelligence

Brownsville Economic Development Council Inc

990 • Fiscal year 2018 • EIN 74-2514283

Oct 01, 2017 to Sep 30, 2018 • Filed on Nov 12, 2018

Organization ProfileWWW.BEDC.COM

View Organization Page

301 Mexico Street Suite F-1Brownsville, TX 78520

(956) 541-1183

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.03x

Higher debt load relative to assets than 62% of similar nonprofits.

2018 filings • 501(c)6 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

92nd percentile

0.39x

Higher debt load relative to revenue than 92% of similar nonprofits.

2018 filings • 501(c)6 • <$500k nonprofits • Source year 2018

Net Margin

1st percentile

-1953%

Higher net margin than 1% of similar nonprofits.

2018 filings • 501(c)6 • <$500k nonprofits • Source year 2018

Top Officer Pay

97th percentile

$116,200

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 1292.0% of source-year revenue.

2018 filings • 501(c)6 • <$500k nonprofits • Source year 2018

Asset Growth

2nd percentile

-87%

Faster asset growth than 2% of similar nonprofits.

2018 filings • 501(c)6 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

1st percentile

-99%

Faster revenue growth than 1% of similar nonprofits.

2018 filings • 501(c)6 • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets62nd percentile

Assets

Down

$128,532

Down $896,012 (-87%) from 2017

Net Assets

Down

$125,056

Down $175,619 (-58%) from 2017

Liabilities

Down

$3,476

Down $720,393 (-100%) from 2017

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin1st percentile

Revenue

Down

$8,994

Down $1,031,597 (-99%) from 2017

Expenses

Down

$184,613

Down $917,929 (-83%) from 2017

Net Income

Down

-$175,619

Down $113,668 (-183%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth2nd percentile

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

$1.5M$1.0M$500K$0Assets 2010: $309,334Liabilities 2010: $10,256Net Assets 2010: $299,0782010Assets 2011: $305,284Liabilities 2011: $11,041Net Assets 2011: $294,2432011Assets 2012: $471,026Liabilities 2012: $9,426Net Assets 2012: $461,6002012Assets 2013: $526,873Liabilities 2013: $13,471Net Assets 2013: $513,4022013Assets 2014: $745,729Liabilities 2014: $34,639Net Assets 2014: $711,0902014Assets 2015: $844,447Liabilities 2015: $284,465Net Assets 2015: $559,9822015Assets 2016: $944,157Liabilities 2016: $370,922Net Assets 2016: $573,2352016Assets 2017: $1,024,544Liabilities 2017: $723,869Net Assets 2017: $300,6752017Assets 2018: $128,532Liabilities 2018: $3,476Net Assets 2018: $125,0562018Assets 2019: $95,429Liabilities 2019: $850Net Assets 2019: $94,5792019Assets 2020: $75,001Liabilities 2020: $0Net Assets 2020: $75,0012020Assets 2021: $74,020Net Assets 2021: $74,0202021Assets 2022: $0Net Assets 2022: $02022

Highlighted filing

2018

Assets$128,532
Liabilities$3,476
Net Assets$125,056
Open 2018 Filing

Operations Trend

Revenue Growth1st percentile

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,132,0852010Expenses 2011: $1,158,2272011Expenses 2012: $1,459,9522012Revenue 2013: $1,626,588Expenses 2013: $1,574,786Net Income 2013: $51,8022013Revenue 2014: $2,002,291Expenses 2014: $1,804,603Net Income 2014: $197,6882014Revenue 2015: $1,753,746Expenses 2015: $1,904,854Net Income 2015: -$151,1082015Revenue 2016: $1,331,313Expenses 2016: $1,318,060Net Income 2016: $13,2532016Revenue 2017: $1,040,591Expenses 2017: $1,102,542Net Income 2017: -$61,9512017Revenue 2018: $8,994Expenses 2018: $184,613Net Income 2018: -$175,6192018Revenue 2019: $6,011Expenses 2019: $36,488Net Income 2019: -$30,4772019Revenue 2020: $107Expenses 2020: $19,685Net Income 2020: -$19,5782020Revenue 2021: $48Expenses 2021: $1,030Net Income 2021: -$9822021Revenue 2022: $19Expenses 2022: $74,035Net Income 2022: -$74,0162022

Highlighted filing

2018

Revenue$8,994
Expenses$184,613
Net Income-$175,619
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2017 to Sep 30, 2018
Signed
Nov 12, 2018
Return Version
2017v2.3
Gross Receipts
$8,994
Mission and Program Overview

Mission

Promote the economic and industrial development of the city of brownsville, tx; conduct research and develop information regarding area economics, growth, finance, etc;disseminate information to prospective investors and businessess.

Promote the economic and industrial development of the city of brownsville, tx., conduct research and develop information regarding area economics, growth, finance, etc; disseminate information to prospective investors and businessess.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$210,538$123,046▼ $87,492
Cash and Non-Interest-Bearing Accounts$812,766$2,673▼ $810,093
Accounts Receivable-$1,573-
Prepaid Expenses and Deferred Charges$1,240$1,240→ $0
Total Assets$1,024,544$128,532▼ $896,012
Liabilities
Accounts Payable and Accrued Expenses$723,869$3,476▼ $720,393
Total Liabilities$723,869$3,476▼ $720,393
Net Assets / Fund Balance
Unrestricted Net Assets$300,675$125,056▼ $175,619
Total Net Assets Fund Balance$300,675$125,056▼ $175,619
Total Liabilities and Net Assets / Fund Balance$1,024,544$128,532▼ $896,012
Compensation and Service Providers
Top Officer Pay97th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Jose a Herrera JrExecutive DiFT$116,200$116,200

Board Members and Trustees

NameTitle
Steve MuschenheimChairman
Tony CappellaPast Chairma
Ankjaer JensonVice Chairma
Bryan KerrickAt Large
Jorge De La GarzaAt Large
Keith UhlesAt Large
Lee OstosSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$6,150
Program Service Revenue
$0
Investment Income
$1,271
Other Revenue
$1,573
Change in Net Assets
$-175,619
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$127,978
Other Expenses$56,635
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$79,646$25,152-$104,798
Occupancy$19,346--$19,346
Other Employee Benefits$10,529$3,325-$13,854
Payroll Taxes$7,007$2,213-$9,220
Fees for Services Other$5,433--$5,433
Insurance$1,970--$1,970
Other Expenses$1,400$980-$1,400
Office Expenses$1,020--$1,020
All Other Expenses$1,009--$1,009
Advertising$278--$278
Payment Travel Entrtnmnt Publicly Ofcl$153--$153
Interest$147--$147
Travel$144--$144
Conferences and Meetings$120--$120
Pension Plan Contributions$81$25-$106
Total Functional Expenses$133,643$50,970$0$184,613
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
No
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

“Bedc is a membership organization. Business or individuals may join by application and the payment of dues. Bedc does not have stockholders.”

Form 990, Page 6, Part VI, Line 7A

“The board of directos consists of board members elected by the general membership and by board members appointed by various local governmental agencies.”

Form 990, Page 6, Part VI, Line 11B

“A copy of the form 990 is provided to each board member prior to the form 990 being filed. Also the form 990 is reviewed by and approved by executive committee which include cpas very knowleadgeable about non-profit income tax matters.”

Form 990, Page 6, Part VI, Line 12C

“Members are reminded annually and sign a statement that there are no conflict of interest.”

Form 990, Page 6, Part VI, Line 15B

“Salaries are based on amounts paid by similar organizations in the community.”

Form 990, Page 6, Part VI, Line 19

“UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Brownsville Economic Development Co
EIN
74-2514283
Phone
9565411183
Address
301 MEXICO STREET SUITE F-1, BROWNSVILLE, TX 78520

Signing Officer

Name
Steve Muschenheim
Title
Chairman
Phone
9565411183
Signed
2018-11-12

Organization Details

Principal Officer
Steve Muschenheim
Voting Board Members
7
Independent Board Members
7
Employees
7
Volunteers
7

Preparer

Firm
Hales-bradford Llp
Address
PO BOX 3870, BROWNSVILLE, TX 78520
Preparer
Billy R Bradford Jr CPA
Phone
9565429196
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Promote the economic and industrial development of the city of brownsville, tx; conduct research and develop information regarding area economics, growth, finance, etc; disseminate information to prospective investors and businessess.”

Form 990, Page 2, Part III, Line 4D

“The organization's primary purpose is to promote economic and industrial development for the city of brownsville and surrounding community areas.”

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PROMOTE THE ECONOMIC AND INDUSTRIAL DEVELOPMENT OF THE CITY OF BROWNSVILLE, TX; CONDUCT RESEARCH AND DEVELOP INFORMATION REGARDING AREA ECONOMICS, GROWTH, FINANCE, ETC; DISSEMINATE INFORMATION TO PROSPECTIVE INVESTORS AND BUSINESSESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S PRIMARY PURPOSE IS TO PROMOTE ECONOMIC AND INDUSTRIAL DEVELOPMENT FOR THE CITY OF BROWNSVILLE AND SURROUNDING COMMUNITY AREAS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BEDC IS A MEMBERSHIP ORGANIZATION. BUSINESS OR INDIVIDUALS MAY JOIN BY APPLICATION AND THE PAYMENT OF DUES. BEDC DOES NOT HAVE STOCKHOLDERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTOS CONSISTS OF BOARD MEMBERS ELECTED BY THE GENERAL MEMBERSHIP AND BY BOARD MEMBERS APPOINTED BY VARIOUS LOCAL GOVERNMENTAL AGENCIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4A COPY OF THE FORM 990 IS PROVIDED TO EACH BOARD MEMBER PRIOR TO THE FORM 990 BEING FILED. ALSO THE FORM 990 IS REVIEWED BY AND APPROVED BY EXECUTIVE COMMITTEE WHICH INCLUDE CPAS VERY KNOWLEADGEABLE ABOUT NON-PROFIT INCOME TAX MATTERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5MEMBERS ARE REMINDED ANNUALLY AND SIGN A STATEMENT THAT THERE ARE NO CONFLICT OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6SALARIES ARE BASED ON AMOUNTS PAID BY SIMILAR ORGANIZATIONS IN THE COMMUNITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0true
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01024544
IRS990/TotalAssetsEOYAmt0128532
IRS990/TotalAssetsGrp/BOYAmt01024544
IRS990/TotalAssetsGrp/EOYAmt0128532
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt06150
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt050970
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0133643
IRS990/TotalFunctionalExpensesGrp/TotalAmt0184613
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0723869
IRS990/TotalLiabilitiesEOYAmt03476
IRS990/TotalLiabilitiesGrp/BOYAmt0723869
IRS990/TotalLiabilitiesGrp/EOYAmt03476
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0300675
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0125056
IRS990/TotalReportableCompFromOrgAmt0116200
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02844
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt08994
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01024544
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0128532
IRS990/TravelGrp/ProgramServicesAmt0144
IRS990/TravelGrp/TotalAmt0144
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0300675
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0125056
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0301 MEXICO ST SUITE F-1
IRS990/USAddress/CityNm0BROWNSVILLE
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd078521
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.BEDC.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/PersonNm0STEVE MUSCHENHEIM
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRMAN
ReturnHeader/BusinessOfficerGrp/PhoneNum09565411183
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BROWNSVILLE ECONOMIC DEVELOPMENT CO
ReturnHeader/Filer/BusinessNameControlTxt0BROW
ReturnHeader/Filer/EIN0742514283
ReturnHeader/Filer/PhoneNum09565411183
ReturnHeader/Filer/USAddress/AddressLine1Txt0301 MEXICO STREET SUITE F-1
ReturnHeader/Filer/USAddress/CityNm0BROWNSVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd078520
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0369B2E11376EA8974E4F750FC1D09B8FEFECF86F
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0A3C32122DAE082787D530240A74659875A432D00
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt071.42.130.10
ReturnHeader/FilingSecurityInformation/IPDt02018-11-15
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm010:54:22
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0352244360
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HALES-BRADFORD LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 3870
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BROWNSVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd078520
ReturnHeader/PreparerPersonGrp/PhoneNum09565429196
ReturnHeader/PreparerPersonGrp/PreparationDt02018-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BILLY R BRADFORD JR CPA
ReturnHeader/ReturnTs02018-11-15T10:54:22-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-10-01
ReturnHeader/TaxPeriodEndDt02018-09-30
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$128,532
Liabilities
$3,476
Net assets
$125,056
Revenue
$8,994
Expenses
$184,613
Net income
-$175,619
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.07$0.07
2021Detailed filing. Detailed filing data is available for this year.$0.07$0.07$0.00$0.00$0.00
2020Detailed filing. Detailed filing data is available for this year.$0.08$0.00$0.08$0.00$0.02$0.02
2019Detailed filing. Detailed filing data is available for this year.$0.10$0.00$0.09$0.01$0.04$0.03
2018Detailed filing. Detailed filing data is available for this year.$0.13$0.00$0.13$0.01$0.18$0.18
2017Detailed filing. Detailed filing data is available for this year.$1.02$0.72$0.30$1.04$1.10$0.06
2016Detailed filing. Detailed filing data is available for this year.$0.94$0.37$0.57$1.33$1.32$0.01
2015Detailed filing. Detailed filing data is available for this year.$0.84$0.28$0.56$1.75$1.90$0.15
2014Detailed filing. Detailed filing data is available for this year.$0.75$0.03$0.71$2.00$1.80$0.20
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.53$0.01$0.51$1.63$1.57$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.47$0.01$0.46$1.46
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.31$0.01$0.29$1.16
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.31$0.01$0.30$1.13