Civic Intelligence

LCC Education Foundation

EIN 94-3421360 • 501(c)3 • Laredo, TX

Profile

To support and promote for the use and benefit of laredo college and literary, scientific, education or cultural undertakings.

West End Washington StreetLaredo, TX 78040

www.laredo.edu/lc-educational-foundation/about.html

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

60th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

23rd percentile

-21%

Higher net margin than 23% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

32nd percentile

-21%

Faster asset growth than 32% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

70th percentile

17%

Faster revenue growth than 70% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Down

$327,800

Down $84,715 (-21%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Down

$327,800

Down $84,715 (-21%) from 2023

Revenue

Up

$423,570

Up $62,431 (+17%) from 2023

Expenses

Down

$511,245

Down $869,133 (-63%) from 2023

Net Income

Up

-$87,675

Up $931,564 (+91%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0Assets 2010: $502,796Liabilities 2010: $0Net Assets 2010: $502,7962010Assets 2011: $406,856Liabilities 2011: $0Net Assets 2011: $406,8562011Assets 2012: $389,060Liabilities 2012: $0Net Assets 2012: $389,0602012Assets 2013: $599,348Liabilities 2013: $0Net Assets 2013: $599,3482013Assets 2015: $729,488Liabilities 2015: $0Net Assets 2015: $729,4882015Assets 2016: $759,313Liabilities 2016: $0Net Assets 2016: $759,3132016Assets 2017: $784,059Liabilities 2017: $0Net Assets 2017: $784,0592017Assets 2018: $382,740Liabilities 2018: $0Net Assets 2018: $382,7402018Assets 2019: $583,385Liabilities 2019: $0Net Assets 2019: $583,3852019Assets 2020: $1,309,468Liabilities 2020: $0Net Assets 2020: $1,309,4682020Assets 2021: $1,390,522Liabilities 2021: $0Net Assets 2021: $1,390,5222021Assets 2022: $1,428,818Liabilities 2022: $0Net Assets 2022: $1,428,8182022Assets 2023: $412,515Liabilities 2023: $0Net Assets 2023: $412,5152023Assets 2024: $327,800Liabilities 2024: $0Net Assets 2024: $327,8002024

Highlighted filing

2024

Assets$327,800
Liabilities$0
Net Assets$327,800

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.0M$0-$1.0M-$2.0MExpenses 2010: $234,3672010Expenses 2011: $522,5022011Expenses 2012: $377,0872012Revenue 2013: $362,739Expenses 2013: $155,644Net Income 2013: $207,0952013Revenue 2015: $214,306Expenses 2015: $164,161Net Income 2015: $50,1452015Revenue 2016: $308,048Expenses 2016: $283,402Net Income 2016: $24,6462016Revenue 2017: $215,444Expenses 2017: $190,321Net Income 2017: $25,1232017Revenue 2018: $23,553Expenses 2018: $482,654Net Income 2018: -$459,1012018Revenue 2019: $223,119Expenses 2019: $25,448Net Income 2019: $197,6712019Revenue 2020: $1,115,106Expenses 2020: $387,092Net Income 2020: $728,0142020Revenue 2021: $231,803Expenses 2021: $152,447Net Income 2021: $79,3562021Revenue 2022: $389,097Expenses 2022: $351,957Net Income 2022: $37,1402022Revenue 2023: $361,139Expenses 2023: $1,380,378Net Income 2023: -$1,019,2392023Revenue 2024: $423,570Expenses 2024: $511,245Net Income 2024: -$87,6752024

Highlighted filing

2024

Revenue$423,570
Expenses$511,245
Net Income-$87,675

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.33$0.00$0.33$0.42$0.51$0.09
2023Detailed filing. Detailed filing data is available for this year.$0.41$0.00$0.41$0.36$1.38$1.02
2022Detailed filing. Detailed filing data is available for this year.$1.43$0.00$1.43$0.39$0.35$0.04
2021Detailed filing. Detailed filing data is available for this year.$1.39$0.00$1.39$0.23$0.15$0.08
2020Detailed filing. Detailed filing data is available for this year.$1.31$0.00$1.31$1.12$0.39$0.73
2019Detailed filing. Detailed filing data is available for this year.$0.58$0.00$0.58$0.22$0.03$0.20
2018Summary only. Only limited summary data is available for this year.$0.38$0.00$0.38$0.02$0.48$0.46
2017Summary only. Only limited summary data is available for this year.$0.78$0.00$0.78$0.22$0.19$0.03
2016Detailed filing. Detailed filing data is available for this year.$0.76$0.00$0.76$0.31$0.28$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.73$0.00$0.73$0.21$0.16$0.05
2013Detailed filing. Detailed filing data is available for this year.$0.60$0.00$0.60$0.36$0.16$0.21
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.39$0.00$0.39$0.38
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.41$0.00$0.41$0.52
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.50$0.00$0.50$0.23
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 29, 2025
Return Version
2024v5.2
Gross Receipts
$448,568
Mission and Program Overview

Mission

To support and promote for the use and benefit of laredo college and literary, scientific, education or cultural undertakings.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$393,883$306,208▼ $87,675
Investments in Publicly Traded Securities$18,632$21,592▲ $2,960
Total Assets$412,515$327,800▼ $84,715
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$280,876$244,415▼ $36,461
Net Assets Without Donor Restrictions$131,639$83,385▼ $48,254
Total Net Assets Fund Balance$412,515$327,800▼ $84,715
Total Liabilities and Net Assets / Fund Balance$412,515$327,800▼ $84,715

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$73,632-▲ $2,960-$76,592
2023$70,696-▲ $2,936-$73,632
2022$69,540-▲ $1,156-$70,696
2021$67,842-▲ $1,698-$69,540
2020$69,773-▼ $1,931-$67,842
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$415,615
Program Service Revenue
$0
Investment Income
$7,955
Other Revenue
$0
All Other Contributions
$415,615
Change in Net Assets
$-87,675

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded414$26,744Fair Market Value (FMV)
Total Noncash Contributions414$26,744-

Audited Revenue Reconciliation

Revenue per Audited Statements
$423,570
Revenue Not Reported on Form 990
$15,095
Total Revenue per Audited Statements
$438,665
Total Revenue per Form 990
$423,570
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$511,245
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Payments to Affiliates$509,319$0$0$509,319
Other Expenses$1,150$0$0$1,150
Conferences and Meetings$0$771$0$771
Office Expenses$0$5$0$5
Total Functional Expenses$510,469$776$0$511,245

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$523,380
Expenses per Audited Statements$511,245
Total Expenses per Form 990$511,245
Expenses Not Reported on Form 990$12,135
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 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
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Laredo College Education Foundation
EIN
94-3421360
Phone
9567215812
Address
West End Washington Street, Laredo, TX 78040

Signing Officer

Name
Kenneth R Schmies
Title
President
Phone
9567215812
Signed
2025-10-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kenneth R Schmies
Formed
2001
Legal Domicile
TX
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
0

Preparer

Firm
Garza Gonzalez and Associates LLC
Address
40 NE LOOP 410 STE 305, SAN ANTONIO, TX 78216
Preparer
Ruben M Martinez CPA
Phone
2102271389
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

A copy of the form 990 is provided to the board and management, once it is completed and before it is filed with the IRS.

Pt VI, Line 19

Laredo College Education Foundation makes its governing documents,conflict of interest policy, and financial/tax statements available to the public upon request.

Financial Statement Notes

Pt X, Line 2

Federal Income Taxes: The Foundation is exempt from federal income taxes pursuant to provisions of Section 501(c) (3) of the Internal Revenue Code. The Foundation is subject to routine audits by taxing jurisdictions; however, there are no audits in progress. The Foundation believes it is no longer subject to income tax examinations for years prior to 2016. There were no interest or penalties assessed to the Foundation by the IRS during the year.

Raw XML AppendixShowing 400 of 433 raw XML fields

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/PersonNm0Kenneth Schmies
IRS990/Form990PartVIISectionAGrp/PersonNm1Guadalupe Alvarez
IRS990/Form990PartVIISectionAGrp/PersonNm2Lucina S Hastings
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt03315
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt06982
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt032617
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherSupportSumAmt00
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IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportPY170Pct00.98840
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IRS990ScheduleA/PublicSupportTotal509Amt00
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0348241
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0385884
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0228488
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01108124
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02495387
IRS990ScheduleA/TotalSupportAmt02528004
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
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IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt073632
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt02936
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt069540
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt070696
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01156
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IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt069540
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01698
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt069773
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt067842
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-1931
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt012135
IRS990ScheduleD/DonatedServicesUseFcltsAmt012135
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/ExpensesNotReportedAmt012135
IRS990ScheduleD/ExpensesSubtotalAmt0511245
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt02960
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/RevenueNotReportedAmt015095
IRS990ScheduleD/RevenueSubtotalAmt0423570
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Federal Income Taxes: The Foundation is exempt from federal income taxes pursuant to provisions of Section 501(c) (3) of the Internal Revenue Code. The Foundation is subject to routine audits by taxing jurisdictions; however, there are no audits in progress. The Foundation believes it is no longer subject to income tax examinations for years prior to 2016. There were no interest or penalties assessed to the Foundation by the IRS during the year.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt X, Line 2
IRS990ScheduleD/TotalExpensesPerForm990Amt0511245
IRS990ScheduleD/TotalRevenuePerForm990Amt0423570
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0438665
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0523380
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt0414
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/MethodOfDeterminingRevenuesTxt0FMV
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NonCashCheckboxInd0X
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/NoncashContributionsRptF990Amt026744
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A copy of the form 990 is provided to the board and management, once it is completed and before it is filed with the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Laredo College Education Foundation makes its governing documents,conflict of interest policy, and financial/tax statements available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 19
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IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0true
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Laredo College
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0746001582
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Local Public College
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01 West End Washington Street
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Laredo
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd078040
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0true
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0true
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0509319
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt112135
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0Cash
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1Actual Cost
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0Laredo College
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1Laredo College
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IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1m
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IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt0327800
IRS990/TotalAssetsGrp/BOYAmt0412515
IRS990/TotalAssetsGrp/EOYAmt0327800
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0415615
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0776
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0510469
IRS990/TotalFunctionalExpensesGrp/TotalAmt0511245
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0412515
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0327800
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0510469
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt07955
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0423570
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
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IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0West End Washington Street
IRS990/USAddress/CityNm0Laredo
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd078040

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