Civic Intelligence

La Feria Industrial Development Corporation Inc

990 • Fiscal year 2015 • EIN 74-2617746

Oct 01, 2014 to Sep 30, 2015 • Filed on Jun 28, 2016

Organization ProfileN/A

Refreshing map…

115 East CommercialLA Feria, TX 78559

(956) 797-2261

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.23x

Higher debt load relative to assets than 63% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

90th percentile

2.28x

Higher debt load relative to revenue than 90% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

55th percentile

4.1%

Higher net margin than 55% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

42nd percentile

-0.9%

Faster asset growth than 42% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

63rd percentile

9.3%

Faster revenue growth than 63% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets63rd percentile

Assets

Down

$4,880,350

Down $45,904 (-0.9%) from 2014

Net Assets

Up

$3,779,094

Up $20,023 (+0.5%) from 2014

Liabilities

Down

$1,101,256

Down $65,927 (-5.6%) from 2014

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin55th percentile

Revenue

Up

$483,329

Up $40,948 (+9.3%) from 2014

Expenses

Down

$463,306

Down $27,586 (-5.6%) from 2014

Net Income

Up

$20,023

Up $68,534 (+141%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth42nd percentile

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

$6.0M$4.0M$2.0M$0Assets 2011: $5,226,457Liabilities 2011: $1,696,335Net Assets 2011: $3,530,1222011Assets 2012: $4,930,189Liabilities 2012: $1,176,444Net Assets 2012: $3,753,7452012Assets 2013: $5,147,217Liabilities 2013: $1,339,635Net Assets 2013: $3,807,5822013Assets 2014: $4,926,254Liabilities 2014: $1,167,183Net Assets 2014: $3,759,0712014Assets 2015: $4,880,350Liabilities 2015: $1,101,256Net Assets 2015: $3,779,0942015Assets 2016: $4,845,369Liabilities 2016: $1,001,580Net Assets 2016: $3,843,7892016Assets 2017: $4,858,243Liabilities 2017: $946,809Net Assets 2017: $3,911,4342017Assets 2018: $5,084,684Liabilities 2018: $868,224Net Assets 2018: $4,216,4602018

Highlighted filing

2015

Assets$4,880,350
Liabilities$1,101,256
Net Assets$3,779,094
Open 2015 Filing

Operations Trend

Revenue Growth63rd percentile

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

$800K$600K$400K$200K$0-$200KExpenses 2011: $606,9622011Expenses 2012: $558,8162012Expenses 2013: $361,6902013Revenue 2014: $442,381Expenses 2014: $490,892Net Income 2014: -$48,5112014Revenue 2015: $483,329Expenses 2015: $463,306Net Income 2015: $20,0232015Revenue 2016: $544,162Expenses 2016: $479,467Net Income 2016: $64,6952016Revenue 2017: $487,135Expenses 2017: $419,490Net Income 2017: $67,6452017Revenue 2018: $706,717Expenses 2018: $401,691Net Income 2018: $305,0262018

Highlighted filing

2015

Revenue$483,329
Expenses$463,306
Net Income$20,023
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2014 to Sep 30, 2015
Signed
Jun 28, 2016
Return Version
2014v6.0
Gross Receipts
$483,329
Mission and Program Overview

Mission

City industrial development

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,985,414$4,273,522▲ $288,108
Rtn Earn Endowment Incm Other Fnds$3,759,071$3,779,094▲ $20,023
Other Notes and Loans Receivable, Net$750,344$317,170▼ $433,174
Cash and Non-Interest-Bearing Accounts$159,181$196,603▲ $37,422
Total Assets$4,926,254$4,880,350▼ $45,904
Other Assets Total$31,315$93,055▲ $61,740
Liabilities
Other Liabilities$764,962$758,425▼ $6,537
Mortgage Notes Payable Secured by Investment Property$399,130$340,107▼ $59,023
Accounts Payable and Accrued Expenses$3,091$2,724▼ $367
Total Liabilities$1,167,183$1,101,256▼ $65,927
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,759,071$3,779,094▲ $20,023
Total Liabilities and Net Assets / Fund Balance$4,926,254$4,880,350▼ $45,904

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,699,585$410,409-
Land$2,573,937--
Equipment-$24,184-
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Brad ShieldsPresident
Candace Y GuillenDirector
Lloyd BettsDirector
Mayor Victor GonzalezDirector
Sunny K PhilipExec. Direct
Ignacio a Garcia GalvezSecretary/tr
Steven SalinasVice-preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$467,560
Investment Income
$11,539
Other Revenue
$4,230
Change in Net Assets
$20,023

Audited Revenue Reconciliation

Revenue per Audited Statements
$483,329
Total Revenue per Audited Statements
$483,329
Total Revenue per Form 990
$483,329
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$318,182
Grants and Similar Amounts Paid$145,124
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$145,124--$145,124
Occupancy$112,762--$112,762
Fees for Services Management$59,000--$59,000
Depreciation Depletion$52,443--$52,443
Fees for Services Other$45,688--$45,688
Interest$21,824--$21,824
Insurance$13,565--$13,565
Fees for Services Legal$7,445--$7,445
Fees for Services Accounting$4,590--$4,590
Office Expenses$865--$865
Total Functional Expenses$463,306$0$0$463,306

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$463,306
Total Expenses per Audited Statements$463,306
Total Expenses per Form 990$463,306
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
City of La FeriaLa Feria, TX-Share of Debt Serv.$145,124
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
Due to Primary Government$758,425
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
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
No
Other officer compensation reviewed
No
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 11B

“The 990 is reviewed by the executive director before it is filed with the irs.”

Form 990, Page 6, Part VI, Line 19

“Governing documents and financial statements are made available to the public by written request to the board of directors.”

Filing and Contact Details

Filer

Filer Name
La Feria Industrial Development
EIN
74-2617746
Phone
9567972261
Address
115 EAST COMMERCIAL, LA FERIA, TX 78559

Signing Officer

Name
Sunny K Philip
Title
Executive Director
Phone
9567972261
Signed
2016-06-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brad Shields
Formed
1990
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Long Chilton Llp
Address
402 E TYLER AVE, HARLINGEN, TX 78550-9122
Preparer
Quentin Anderson CPA
Phone
9564233765
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IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02016-09-27 15:27:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SUNNY K PHILIP
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09567972261
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-06-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LA FERIA INDUSTRIAL DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0LAFE
ReturnHeader/Filer/EIN0742617746
ReturnHeader/Filer/PhoneNum09567972261
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ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd078559
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0741154721
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LONG CHILTON LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0402 E TYLER AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HARLINGEN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0785509122
ReturnHeader/PreparerPersonGrp/PhoneNum09564233765
ReturnHeader/PreparerPersonGrp/PreparationDt02016-07-18
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0QUENTIN ANDERSON CPA
ReturnHeader/ReturnTs02016-07-18T15:50:53-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-10-01
ReturnHeader/TaxPeriodEndDt02015-09-30
ReturnHeader/TaxYr02014

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,880,350
Liabilities
$1,101,256
Net assets
$3,779,094
Revenue
$483,329
Expenses
$463,306
Net income
$20,023
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.08$0.87$4.22$0.71$0.40$0.31
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.86$0.95$3.91$0.49$0.42$0.07
2016Detailed filing. Detailed filing data is available for this year.$4.85$1.00$3.84$0.54$0.48$0.06
2015Detailed filing. Detailed filing data is available for this year.$4.88$1.10$3.78$0.48$0.46$0.02
2014Detailed filing. Detailed filing data is available for this year.$4.93$1.17$3.76$0.44$0.49$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.15$1.34$3.81$0.36
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.93$1.18$3.75$0.56
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.23$1.70$3.53$0.61