Civic Intelligence

Council on Regional Economic Expansion & Educational Dev Founda

990 • Fiscal year 2021 • EIN 81-4516730

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 10, 2022

Organization ProfileWWW.CREEED.ORG
C/O E Rodriguez 4110 Rio Bravo 103El Paso, TX 79902

(915) 351-7077

Siviq Scores

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

Liabilities / Assets

91st percentile

0.81x

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

100th percentile

66.12x

Higher debt load relative to revenue than 100% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

4th percentile

-62%

Higher net margin than 4% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

24th percentile

-0.8%

Faster asset growth than 24% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

3rd percentile

-64%

Faster revenue growth than 3% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets91st percentile

Assets

Down

$3,671,949

Down $27,889 (-0.8%) from 2020

Net Assets

Down

$696,386

Down $27,889 (-3.9%) from 2020

Liabilities

Flat

$2,975,563

Flat from 2020

Revenue And Expenses
Liabilities / Revenue100th percentileNet Margin4th percentile

Revenue

Down

$45,000

Down $80,000 (-64%) from 2020

Expenses

Down

$72,889

Down $37,289 (-34%) from 2020

Net Income

Down

-$27,889

Down $42,711 (-288%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth24th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2017: $5,812,019Liabilities 2017: $5,812,400Net Assets 2017: -$3812017Assets 2018: $5,321,877Liabilities 2018: $4,812,400Net Assets 2018: $509,4772018Assets 2019: $4,445,694Liabilities 2019: $3,736,241Net Assets 2019: $709,4532019Assets 2020: $3,699,838Liabilities 2020: $2,975,563Net Assets 2020: $724,2752020Assets 2021: $3,671,949Liabilities 2021: $2,975,563Net Assets 2021: $696,3862021Assets 2022: $3,696,798Liabilities 2022: $4,850,563Net Assets 2022: -$1,153,7652022Assets 2023: $3,608,859Liabilities 2023: $4,665,563Net Assets 2023: -$1,056,7042023Assets 2024: $3,647,571Liabilities 2024: $4,195,563Net Assets 2024: -$547,9922024

Highlighted filing

2021

Assets$3,671,949
Liabilities$2,975,563
Net Assets$696,386
Open 2021 Filing

Operations Trend

Revenue Growth3rd percentile

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

$10M$5.0M$0-$5.0MRevenue 2017: $6,812,475Expenses 2017: $6,812,856Net Income 2017: -$3812017Revenue 2018: $510,000Expenses 2018: $142Net Income 2018: $509,8582018Revenue 2019: $200,000Expenses 2019: $24Net Income 2019: $199,9762019Revenue 2020: $125,000Expenses 2020: $110,178Net Income 2020: $14,8222020Revenue 2021: $45,000Expenses 2021: $72,889Net Income 2021: -$27,8892021Revenue 2022: $872,000Expenses 2022: $2,722,151Net Income 2022: -$1,850,1512022Revenue 2023: $590,373Expenses 2023: $493,312Net Income 2023: $97,0612023Revenue 2024: $526,300Expenses 2024: $17,588Net Income 2024: $508,7122024

Highlighted filing

2021

Revenue$45,000
Expenses$72,889
Net Income-$27,889
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 10, 2022
Return Version
2021v4.0
Gross Receipts
$45,000
Mission and Program Overview

Mission

Lead efforts to identify and support initiatives that improve college readiness and ensure more students graduate with a college degree or certification. Partner with education leaders, funders, and regional, state, and national organizations to develop the next generation educational system for el paso.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$3,485,016$2,844,838▼ $640,178
Cash and Non-Interest-Bearing Accounts$214,822$827,111▲ $612,289
Savings and Temporary Cash Investments-$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$3,699,838$3,671,949▼ $27,889
Other Assets Total-$0-
Liabilities
Grants Payable$2,975,563$2,975,563→ $0
Total Liabilities$2,975,563$2,975,563→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$724,275$696,386▼ $27,889
Total Net Assets Fund Balance$724,275$696,386▼ $27,889
Total Liabilities and Net Assets / Fund Balance$3,699,838$3,671,949▼ $27,889
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Richard CastroChairman
Woody HuntVice-chair
AMY O'ROURKEDirector
Carmen PerezDirector
Dan OlivasDirector
Edward EscuderoDirector
Gilbert Moreno Res NovDirector
Joe CardenasDirector
Manuel Soto JrDirector
Raymond PalaciosDirector
Eduardo RodriguezExec Dir/sec/tr
Revenue and Support

Revenue Composition

Contributions and Grants
$45,000
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$45,000
Change in Net Assets
$-27,889
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$72,889
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$72,889--$72,889
Total Functional Expenses$72,889$0$0$72,889
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
CreeedEl Paso, TX-Parent Engagement Workshop$72,889
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
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
Yes
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, Line 11B: Form 990 Review Process

“No review was or will be conducted.”

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

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Council on Regional Economic Exp &
EIN
81-4516730
Phone
9153517077
Address
C/O E RODRIGUEZ 4110 RIO BRAVO 103, EL PASO, TX 79902

Signing Officer

Name
Eduardo Rodriguez
Title
Executive Director
Signed
2022-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Eduardo Rodriguez
Formed
2016
Legal Domicile
TX
Voting Board Members
10
Independent Board Members
3
Employees
0
Volunteers
12

Preparer

Firm
Gibson Ruddock Patterson LLC
Address
600 SUNLAND PARK BLDG 6 STE 300, EL PASO, TX 79912
Preparer
Brenda Yeager
Phone
9153563700
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IRS990/RoyaltiesGrp/TotalAmt00
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/FactsAndCircumstancesTestTxt0Current Year Facts and Circumstances: (The CREEED Foundation is a conduit for grants that are awarded to CREEED Corps operations and programs, so it is dependent on Grants awarded and received. Generally, these are Foundations or other Corporate Grantors which require the recipient to be a 501 c 3, which CREEED Foundation is. At the present, CREEED Foundation is the disburser of funds pledged and paid for the IDEA Public Schools expansion in the El Paso market. This pledge commitment process is into its 5 th year and is slated to be completed within a total of eight to nine years.CREEED Foundation is also the disburser of funds awarded by the Walton Family Foundation in support of the Parent and Community Engagement initiative sponsored by CREEED (EIN 46-3444371). This funding is completed and is expected to be depleted in accord with the Grant by the July 2022.In 2022, CREEED Foundation was awarded a $100,000 grant from the Trellis Foundation to support the local ISDs in developing more students to be college ready under the outcomes based funding for CCMR (College, Career and Military Readiness) acceleration by public high schools, under HB-3, which was approved by the legislature two sessions ago. There remain too many larger urban based school districts across the State as well as in El Paso, which are not taking advantage of the program at its fullest extent. The ISDs have a real potential to secure additional state funding for their programs and systems, but If they do not step it up to where they are reaching 40 -60% of eligible students, there is real possibility that the State may not continue to make this funding available. As a result, CREEED has become engaged with this process to assist the local school districts to rapidly increase the number of qualified students to fall into the CCMR goals.In short, the funding for CREEED Foundation will be dependent on grants awarded in support of CREEED Corp programs geared to expand the number of high quality seats/schools in the public school systems that will aid in graduating a larger percentage of high school seniors, effectively post secondary (college) ready. Meaning that they will be able to matriculate and complete a post secondary degree or advanced certification program within 4-5 years, (depending on the fulfillment timetable for the program), without the need for remediation in an in demand career, discipline, or profession.
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0125000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0200000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0510000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt06812400
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt07692400
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.25000
IRS990ScheduleA/PublicSupportTotal170Amt01923184
IRS990ScheduleA/SubstantialContributorsTotAmt05769216
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TenPctFactsCrcmstncsTestCYInd0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt045000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0125000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0200000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0510000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt06812400
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt07692400
IRS990ScheduleA/TotalSupportAmt07692400
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt072889
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0PARENT ENGAGEMENT WORKSHOP
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0CREEED
IRS990ScheduleI/RecipientTable/RecipientEIN0463444371
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt04110 RIO BRAVO 103
IRS990ScheduleI/RecipientTable/USAddress/CityNm0EL PASO
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0TX
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd079902
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt01
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0ASSIST IN WORKFORCE DEVELOPMENT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt04110 RIO BRAVO 103
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0EL PASO
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd079902
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IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt073889
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FMV (CASH)
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0COUNCIL ON REGIONAL ECONOMIC EXP & ED DE
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IRS990ScheduleR/TransferFromOtherOrgInd0false
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IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03699838
IRS990/TotalAssetsEOYAmt03671949
IRS990/TotalAssetsGrp/BOYAmt03699838
IRS990/TotalAssetsGrp/EOYAmt03671949
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt045000
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IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt072889
IRS990/TotalFunctionalExpensesGrp/TotalAmt072889
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02975563
IRS990/TotalLiabilitiesEOYAmt02975563
IRS990/TotalLiabilitiesGrp/BOYAmt02975563
IRS990/TotalLiabilitiesGrp/EOYAmt02975563
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0724275
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0696386
IRS990/TotalProgramServiceExpensesAmt072889
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt045000
IRS990/TotalVolunteersCnt012
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03699838
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03671949
IRS990/TravelGrp/TotalAmt00
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,671,949
Liabilities
$2,975,563
Net assets
$696,386
Revenue
$45,000
Expenses
$72,889
Net income
-$27,889
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.65$4.20$0.55$0.53$0.02$0.51
2023Detailed filing. Detailed filing data is available for this year.$3.61$4.67$1.06$0.59$0.49$0.10
2022Detailed filing. Detailed filing data is available for this year.$3.70$4.85$1.15$0.87$2.72$1.85
2021Detailed filing. Detailed filing data is available for this year.$3.67$2.98$0.70$0.05$0.07$0.03
2020Detailed filing. Detailed filing data is available for this year.$3.70$2.98$0.72$0.13$0.11$0.01
2019Detailed filing. Detailed filing data is available for this year.$4.45$3.74$0.71$0.20$0.00$0.20
2018Detailed filing. Detailed filing data is available for this year.$5.32$4.81$0.51$0.51$0.00$0.51
2017Detailed filing. Detailed filing data is available for this year.$5.81$5.81$0.00$6.81$6.81$0.00
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2021 filings • 501(c)3 • $1M-$5M nonprofits