Civic Intelligence

Laredo College Education Foundation

990 • Fiscal year 2016 • EIN 94-3421360

Jan 01, 2016 to Dec 31, 2016 • Filed on Jun 13, 2017

Organization Profilewww.laredo.edu/lc-educational-foundation/about.html
West End Washington StreetLaredo, TX 78041

(956) 721-5812

Siviq Scores

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

Liabilities / Assets

26th percentile

0.00x

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

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

26th percentile

0.00x

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

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

62nd percentile

8.0%

Higher net margin than 62% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

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

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

57th percentile

4.1%

Faster asset growth than 57% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

86th percentile

44%

Faster revenue growth than 86% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets26th percentile

Assets

Up

$759,313

Up $29,825 (+4.1%) from 2015

Net Assets

Up

$759,313

Up $29,825 (+4.1%) from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue And Expenses
Liabilities / Revenue26th percentileNet Margin62nd percentile

Revenue

Up

$308,048

Up $93,742 (+44%) from 2015

Expenses

Up

$283,402

Up $119,241 (+73%) from 2015

Net Income

Down

$24,646

Down $25,499 (-51%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth57th percentile

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

$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

2016

Assets$759,313
Liabilities$0
Net Assets$759,313
Open 2016 Filing

Operations Trend

Revenue Growth86th percentile

Revenue, expenses, and net income across loaded years, with this 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

2016

Revenue$308,048
Expenses$283,402
Net Income$24,646
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Jun 13, 2017
Return Version
2016v3.0
Gross Receipts
$308,048
Mission and Program Overview

Mission

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

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$720,673$745,319▲ $24,646
Investments in Publicly Traded Securities$8,815$13,994▲ $5,179
Total Assets$729,488$759,313▲ $29,825
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Temporarily Rstr Net Assets$611,567$631,158▲ $19,591
Permanently Rstr Net Assets$65,532$70,711▲ $5,179
Unrestricted Net Assets$52,389$57,444▲ $5,055
Total Net Assets Fund Balance$729,488$759,313▲ $29,825
Total Liabilities and Net Assets / Fund Balance$729,488$759,313▲ $29,825

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$65,532-▲ $5,179-$70,711
2015$65,820-▼ $288-$65,532
2014$64,403$1,715▼ $298-$65,820
2013$56,207$5,000▲ $3,196-$64,403
2012$56,293-▼ $86-$56,207
Compensation and Service Providers
Top Officer Pay49th percentile

Board Members and Trustees

NameTitle
Carlos D GarciaPresident
Antoniette VelaTrustee
Danielle MarascoTrustee
Eduardo GonzalezTrustee
Edward C SherwoodTrustee
Susana Melendez-valenciaTrustee
Yu-hsien Huang DelrioTrustee
John CampbellParliamentar
David B HastingsSecretary
Enrique GallegosTreasurer
Millie B SlaughterVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$306,055
Program Service Revenue
$0
Investment Income
$1,993
Other Revenue
$0
All Other Contributions
$306,055
Change in Net Assets
$24,646
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$283,402
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$270,000--$270,000
Fees for Services Other-$13,402-$13,402
Total Functional Expenses$270,000$13,402$0$283,402
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
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

“Form 990 and prepared financial statements are presented to the full board at one of its quarterly meetings.”

Form 990, Page 6, Part VI, Line 19

“NEWSPAPER NOTICE”

Filing and Contact Details

Filer

Filer Name
Lcc Education Foundation
EIN
94-3421360
Phone
9567215812
Address
WEST END WASHINGTON STREET, LAREDO, TX 78041

Signing Officer

Name
Carlos D Garcia
Title
President
Phone
9567215812
Signed
2017-06-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carlos D Garcia
Formed
2001
Legal Domicile
TX
Voting Board Members
12
Independent Board Members
12
Employees
0

Preparer

Firm
Mario Gonzalez CPA Pc
Address
602 E CALTON RD STE 4, LAREDO, TX 78041-3693
Preparer
Mario Gonzalez Jr CPA
Phone
9567120303
Supplemental Narrative

Additional Explanations

Form 990, Part III

“Schedule o - additional information - program services laredo community college 270,000”

Form 990, Page 2, Part III, Line 4D

“To assist the students of laredo community college by providing fellowships and scholarships for worthy, needy and deserving students; to provide the means for improvement in instruction and equipment available to the students; and to finance those things necessary or appropriate to building an educational institution of excellence.”

Form 990, Part XI, Line 9

“Increase in value of stock 5,179”

Raw XML Appendix340 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SCHEDULE O - ADDITIONAL INFORMATION - PROGRAM SERVICES LAREDO COMMUNITY COLLEGE 270,000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TO ASSIST THE STUDENTS OF LAREDO COMMUNITY COLLEGE BY PROVIDING FELLOWSHIPS AND SCHOLARSHIPS FOR WORTHY, NEEDY AND DESERVING STUDENTS; TO PROVIDE THE MEANS FOR IMPROVEMENT IN INSTRUCTION AND EQUIPMENT AVAILABLE TO THE STUDENTS; AND TO FINANCE THOSE THINGS NECESSARY OR APPROPRIATE TO BUILDING AN EDUCATIONAL INSTITUTION OF EXCELLENCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 AND PREPARED FINANCIAL STATEMENTS ARE PRESENTED TO THE FULL BOARD AT ONE OF ITS QUARTERLY MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NEWSPAPER NOTICE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4INCREASE IN VALUE OF STOCK 5,179
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9
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IRS990/TaxExemptBondsInd0false
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IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0631158
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0270000
IRS990/TotalFunctionalExpensesGrp/TotalAmt0283402
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IRS990/TotalProgramServiceExpensesAmt0270000
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IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt012
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CARLOS D GARCIA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09567215812
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-06-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LCC EDUCATION FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0LCCE
ReturnHeader/Filer/EIN0943421360
ReturnHeader/Filer/PhoneNum09567215812
ReturnHeader/Filer/USAddress/AddressLine1Txt0WEST END WASHINGTON STREET
ReturnHeader/Filer/USAddress/CityNm0LAREDO
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ReturnHeader/Filer/USAddress/ZIPCd078041
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ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0315724436C987E6A4AFF2FCA1EF5694DA219C6C2
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0462594885
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MARIO GONZALEZ CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0602 E CALTON RD STE 4
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LAREDO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0780413693
ReturnHeader/PreparerPersonGrp/PhoneNum09567120303
ReturnHeader/PreparerPersonGrp/PreparationDt02017-06-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARIO GONZALEZ JR CPA
ReturnHeader/ReturnTs02017-06-15T09:07:46-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$759,313
Liabilities
$0
Net assets
$759,313
Revenue
$308,048
Expenses
$283,402
Net income
$24,646
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