Civic Intelligence

La Feria Economic Development Corporation

990 • Fiscal year 2017 • EIN 74-2742911

Oct 01, 2016 to Sep 30, 2017 • Filed on Aug 13, 2018

Organization ProfileN/A
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

78th percentile

0.46x

Higher debt load relative to assets than 78% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

91st percentile

2.10x

Higher debt load relative to revenue than 91% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

85th percentile

33%

Higher net margin than 85% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

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.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

48th percentile

2.5%

Faster asset growth than 48% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

23rd percentile

-7.4%

Faster revenue growth than 23% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets78th percentile

Assets

Up

$1,726,471

Up $41,687 (+2.5%) from 2016

Net Assets

Up

$935,691

Up $122,529 (+15%) from 2016

Liabilities

Down

$790,780

Down $80,842 (-9.3%) from 2016

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin85th percentile

Revenue

Down

$376,878

Down $29,948 (-7.4%) from 2016

Expenses

Down

$254,349

Down $2,895 (-1.1%) from 2016

Net Income

Down

$122,529

Down $27,053 (-18%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth48th percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2010: $192,594Liabilities 2010: $1,124Net Assets 2010: $191,4702010Assets 2011: $226,363Liabilities 2011: $967Net Assets 2011: $225,3962011Assets 2012: $355,002Liabilities 2012: $0Net Assets 2012: $355,0022012Assets 2013: $472,173Liabilities 2013: $500Net Assets 2013: $471,6732013Assets 2014: $563,185Liabilities 2014: $46,200Net Assets 2014: $516,9852014Assets 2015: $1,621,354Liabilities 2015: $957,774Net Assets 2015: $663,5802015Assets 2016: $1,684,784Liabilities 2016: $871,622Net Assets 2016: $813,1622016Assets 2017: $1,726,471Liabilities 2017: $790,780Net Assets 2017: $935,6912017Assets 2018: $1,752,419Liabilities 2018: $660,002Net Assets 2018: $1,092,4172018

Highlighted filing

2017

Assets$1,726,471
Liabilities$790,780
Net Assets$935,691
Open 2017 Filing

Operations Trend

Revenue Growth23rd percentile

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

$600K$400K$200K$0Expenses 2010: $240,4082010Expenses 2011: $200,3742011Expenses 2012: $138,9432012Revenue 2013: $270,059Expenses 2013: $153,388Net Income 2013: $116,6712013Revenue 2014: $295,864Expenses 2014: $250,552Net Income 2014: $45,3122014Revenue 2015: $315,336Expenses 2015: $168,741Net Income 2015: $146,5952015Revenue 2016: $406,826Expenses 2016: $257,244Net Income 2016: $149,5822016Revenue 2017: $376,878Expenses 2017: $254,349Net Income 2017: $122,5292017Revenue 2018: $422,610Expenses 2018: $265,884Net Income 2018: $156,7262018

Highlighted filing

2017

Revenue$376,878
Expenses$254,349
Net Income$122,529
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2016 to Sep 30, 2017
Signed
Aug 13, 2018
Return Version
2016v3.1
Gross Receipts
$376,878
Mission and Program Overview

Mission

City economic development

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$813,162$935,691▲ $122,529
Land, Buildings, and Equipment, Net$953,806$931,856▼ $21,950
Other Notes and Loans Receivable, Net$146,064$144,418▼ $1,646
Cash and Non-Interest-Bearing Accounts-$62,114-
Total Assets$1,684,784$1,726,471▲ $41,687
Other Assets Total$584,914$588,083▲ $3,169
Liabilities
Mortgage Notes Payable Secured by Investment Property$473,892$433,901▼ $39,991
Deferred Revenue$397,730$353,538▼ $44,192
Accounts Payable and Accrued Expenses-$3,341-
Total Liabilities$871,622$790,780▼ $80,842
Net Assets / Fund Balance
Total Net Assets Fund Balance$813,162$935,691▲ $122,529
Total Liabilities and Net Assets / Fund Balance$1,684,784$1,726,471▲ $41,687

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$543,298$49,350-
Land$388,558--
Other Assets Org$24,421--
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Francisco Loya JrPresident
Donato GarciaDirector
Eric HoffDirector
Julian Guevara JrDirector
Olga H MaldonadoDirector
Jaime S SandovalExecutive Di
Jose R BecerraVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$44,192
Program Service Revenue
$331,273
Investment Income
$1,413
Other Revenue
$0
All Other Contributions
$44,192
Change in Net Assets
$122,529

Audited Revenue Reconciliation

Revenue per Audited Statements
$376,878
Total Revenue per Audited Statements
$376,878
Total Revenue per Form 990
$376,878
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$130,836
Grants and Similar Amounts Paid$123,513
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$123,513--$123,513
Fees for Services Management$47,000--$47,000
Interest$22,859--$22,859
Depreciation Depletion$21,950--$21,950
Fees for Services Other$13,000--$13,000
Occupancy$10,129--$10,129
Fees for Services Accounting$6,452--$6,452
Office Expenses$5,661--$5,661
Fees for Services Legal$1,979--$1,979
Insurance$1,806--$1,806
Total Functional Expenses$254,349$0$0$254,349

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$254,349
Total Expenses per Audited Statements$254,349
Total Expenses per Form 990$254,349
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
City of La Feria TexasLa Feria, TX-Infrastructure Equip$123,513
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
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 Economic Development
EIN
74-2742911
Phone
9567972261
Address
115 EAST COMMERCIAL, LA FERIA, TX 78559

Signing Officer

Name
Jaime S Sandoval
Title
Executive Director
Phone
9567972261
Signed
2018-08-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Francisco Loya Jr
Formed
1995
Legal Domicile
TX
Voting Board Members
6
Independent Board Members
6
Employees
0

Preparer

Firm
Carr Riggs & Ingram LLC
Address
402 E TYLER AVE, HARLINGEN, TX 78550-9122
Preparer
Quentin Anderson CPA
Phone
9564233765
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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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ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LA FERIA ECONOMIC DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0LAFE
ReturnHeader/Filer/EIN0742742911
ReturnHeader/Filer/PhoneNum09567972261
ReturnHeader/Filer/USAddress/AddressLine1Txt0115 EAST COMMERCIAL
ReturnHeader/Filer/USAddress/CityNm0LA FERIA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd078559
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0223D0658270409612E6F861E850C22367EC00E46
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0DD6431E8B79346724C6D55C84E9E32CE50226AFD
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0721396621
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CARR RIGGS & INGRAM LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0402 E TYLER AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HARLINGEN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0785509122
ReturnHeader/PreparerPersonGrp/PhoneNum09564233765
ReturnHeader/PreparerPersonGrp/PreparationDt02018-08-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0QUENTIN ANDERSON CPA
ReturnHeader/ReturnTs02018-08-14T10:35:44-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-10-01
ReturnHeader/TaxPeriodEndDt02017-09-30
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,726,471
Liabilities
$790,780
Net assets
$935,691
Revenue
$376,878
Expenses
$254,349
Net income
$122,529
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2018Detailed filing. Detailed filing data is available for this year.$1.75$0.66$1.09$0.42$0.27$0.16
2017Detailed filing. Detailed filing data is available for this year.$1.73$0.79$0.94$0.38$0.25$0.12
2016Detailed filing. Detailed filing data is available for this year.$1.68$0.87$0.81$0.41$0.26$0.15
2015Detailed filing. Detailed filing data is available for this year.$1.62$0.96$0.66$0.32$0.17$0.15
2014Detailed filing. Detailed filing data is available for this year.$0.56$0.05$0.52$0.30$0.25$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.47$0.00$0.47$0.27$0.15$0.12
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.36$0.00$0.36$0.14
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.23$0.00$0.23$0.20
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.19$0.00$0.19$0.24