Civic Intelligence

Brownsville Economic Development Council Inc

990 • Fiscal year 2016 • EIN 74-2514283

Oct 01, 2015 to Sep 30, 2016 • Filed on Feb 13, 2017

Organization ProfileWWW.BEDC.COM

View Organization Page

301 Mexico St 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

74th percentile

0.39x

Higher debt load relative to assets than 74% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

62nd percentile

0.28x

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

2016 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2016

Net Margin

40th percentile

1.0%

Higher net margin than 40% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

42nd percentile

$119,855

Higher top officer pay than 42% of similar nonprofits.

Top officer pay equals 9.0% of source-year revenue.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2016

Asset Growth

74th percentile

12%

Faster asset growth than 74% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

6th percentile

-24%

Faster revenue growth than 6% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets74th percentile

Assets

Up

$944,157

Up $99,710 (+12%) from 2015

Net Assets

Up

$573,235

Up $13,253 (+2.4%) from 2015

Liabilities

Up

$370,922

Up $86,457 (+30%) from 2015

Revenue And Expenses
Liabilities / Revenue62nd percentileNet Margin40th percentile

Revenue

Down

$1,331,313

Down $422,433 (-24%) from 2015

Expenses

Down

$1,318,060

Down $586,794 (-31%) from 2015

Net Income

Up

$13,253

Up $164,361 (+109%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth74th 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

2016

Assets$944,157
Liabilities$370,922
Net Assets$573,235
Open 2016 Filing

Operations Trend

Revenue Growth6th 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

2016

Revenue$1,331,313
Expenses$1,318,060
Net Income$13,253
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2015 to Sep 30, 2016
Signed
Feb 13, 2017
Return Version
2015v3.0
Gross Receipts
$1,331,313
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$633,544$733,615▲ $100,071
Savings and Temporary Cash Investments$208,169$209,302▲ $1,133
Accounts Receivable-$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-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$844,447$944,157▲ $99,710
Other Assets Total$2,734$1,240▼ $1,494
Liabilities
Accounts Payable and Accrued Expenses$284,465$370,922▲ $86,457
Total Liabilities$284,465$370,922▲ $86,457
Net Assets / Fund Balance
Unrestricted Net Assets$349,373$362,626▲ $13,253
Temporarily Rstr Net Assets$210,609$210,609→ $0
Total Net Assets Fund Balance$559,982$573,235▲ $13,253
Total Liabilities and Net Assets / Fund Balance$844,447$944,157▲ $99,710
Compensation and Service Providers
Top Officer Pay42nd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Jason HiltsExecutive DirectorFT$119,855$119,855
Gilberto SalinasVice PresidentFT$105,692$105,692

Board Members and Trustees

NameTitle
Tony CappellaChairman
Steve MuschenheimVice Chairman
Alejandro GarzaDirector
Alex DominguezDirector
Antonio RodriguezDirector
Bryan KerrickDirector
David HughstonDirector
Eddy HernandezDirector
Edmundo GonzalezDirector
Irv DowningDirector
Manuel AlcocerDirector
Mariano AyalaDirector
Melinda RodriguezDirector
Nancy RodriguezDirector
Nick SerafyDirector
Pat HobbsDirector
Rafael VelaDirector
Sergio LopezDirector
Sesha VorreyDirector
Simon LeeDirector
Tony MartinezDirector
Traci WickettDirector
Bill ConnerAt Large
Jorge De La GarzaAt Large
Nurith GalonskyAt Large
Patti AyalaAt Large
R Lee OstosSecretary
Ankjaer JensenTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$16,875
Program Service Revenue
$1,312,478
Investment Income
$1,960
Other Revenue
$0
Change in Net Assets
$13,253

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,331,313
Total Revenue per Audited Statements
$1,331,313
Total Revenue per Form 990
$1,331,313
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$703,195
Salaries, Compensation, and Employee Benefits$614,865
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$346,973$30,056-$377,029
Current Officers, Directors, Trustees, and Key Employees$104,465$34,822-$139,287
Travel$73,126$10,513-$83,639
All Other Expenses$62,437$13,422-$75,859
Fees for Services Lobbying$72,153--$72,153
Other Employee Benefits$52,130$7,492-$59,622
Payroll Taxes$34,036$4,891-$38,927
Fees for Services Accounting-$34,085-$34,085
Office Expenses$22,893$2,854-$25,747
Other Expenses$22,752--$22,752
Occupancy$13,010$1,870-$14,880
Insurance$1,758$2,707-$4,465
Total Functional Expenses$1,175,348$142,712$0$1,318,060

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,318,060
Total Expenses per Audited Statements$1,318,060
Total Expenses per Form 990$1,318,060
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
In-house lobbying only
No
Subject to proxy tax
Yes
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
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

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

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

“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 knowledgeable about non-profit income tax matters.”

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

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

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

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

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

“UPON REQUEST”

Filing and Contact Details

Filer

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

Signing Officer

Name
Jason Hilts
Title
Executive Director
Signed
2017-02-13
Discuss with paid preparer
Yes

Organization Details

Voting Board Members
30
Independent Board Members
30
Employees
9
Volunteers
40

Preparer

Firm
Gomez Fragoso Downing LLC
Address
2335 CENTRAL BLVD, BROWNSVILLE, TX 78520-8720
Preparer
Moises L Gomez CPA
Phone
9565417613
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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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IRS990/Form990PartVIISectionAGrp/TitleTxt18Treasurer
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IRS990/Form990PartVIISectionAGrp/TitleTxt23Director
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IRS990/Form990PartVIISectionAGrp/TitleTxt29VICE PRESIDENT
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Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$944,157
Liabilities
$370,922
Net assets
$573,235
Revenue
$1,331,313
Expenses
$1,318,060
Net income
$13,253
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