Civic Intelligence

Laredo College Education Foundation

990 • Fiscal year 2021 • EIN 94-3421360

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 14, 2022

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

17th percentile

0.00x

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

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

Liabilities / Revenue

17th percentile

0.00x

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

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

Net Margin

77th percentile

34%

Higher net margin than 77% 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

43rd percentile

6.2%

Faster asset growth than 43% of similar nonprofits.

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

Revenue Growth

2nd percentile

-79%

Faster revenue growth than 2% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets17th percentile

Assets

Up

$1,390,522

Up $81,054 (+6.2%) from 2020

Net Assets

Up

$1,390,522

Up $81,054 (+6.2%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue And Expenses
Liabilities / Revenue17th percentileNet Margin77th percentile

Revenue

Down

$231,803

Down $883,303 (-79%) from 2020

Expenses

Down

$152,447

Down $234,645 (-61%) from 2020

Net Income

Down

$79,356

Down $648,658 (-89%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth43rd 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

2021

Assets$1,390,522
Liabilities$0
Net Assets$1,390,522
Open 2021 Filing

Operations Trend

Revenue Growth2nd 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

2021

Revenue$231,803
Expenses$152,447
Net Income$79,356
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 14, 2022
Return Version
2021v4.0
Gross Receipts
$231,803
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$1,296,626$1,375,982▲ $79,356
Investments in Publicly Traded Securities$12,842$14,540▲ $1,698
Total Assets$1,309,468$1,390,522▲ $81,054
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,216,994$1,284,924▲ $67,930
Net Assets Without Donor Restrictions$92,474$105,598▲ $13,124
Total Net Assets Fund Balance$1,309,468$1,390,522▲ $81,054
Total Liabilities and Net Assets / Fund Balance$1,309,468$1,390,522▲ $81,054
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Millie B SlaughterPresident
Antoinette VelaTrustee
Carlos D GarciaTrustee
Edward C SherwoodTrustee
Guadalupe AlvarezTrustee
John R CampbellTrustee
Yu-hsien Huang DelrioTrustee
Eduardo GonzalezParliamentar
Kenneth SchmiesSecretary
Guillermo Cavazos JrTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$228,488
Program Service Revenue
$0
Investment Income
$3,315
Other Revenue
$0
All Other Contributions
$228,488
Change in Net Assets
$79,356
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$152,447
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$112,111--$112,111
Fees for Services Other$250$40,086-$40,336
Total Functional Expenses$112,361$40,086$0$152,447
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
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
Doing Business As
Laredo College Education Foundation

Signing Officer

Name
Millie B Slaughter
Title
President
Phone
9567215812
Signed
2022-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Millie B Slaughter
Formed
2001
Legal Domicile
TX
Voting Board Members
10
Independent Board Members
10
Employees
0

Preparer

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

Additional Explanations

Form 990, Part III

“Schedule o - additional information - program services laredo community college 366,174”

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

“To assist the students of laredo 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 IX, Line 11G

“Hospitality 0 4,615 0 office expense 0 4,000 0 bank charges 0 3 0 in-kind contribution expense 250 9,844 0 accounting & tax prep fees 0 2,900 0 audit fees 0 18,724 0 total 250 40,086 0”

Form 990, Part XI, Line 9

“Increase in value of stock 1,698”

Raw XML Appendix327 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 366,174
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TO ASSIST THE STUDENTS OF LAREDO 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/ExplanationTxt4HOSPITALITY 0 4,615 0 OFFICE EXPENSE 0 4,000 0 BANK CHARGES 0 3 0 IN-KIND CONTRIBUTION EXPENSE 250 9,844 0 ACCOUNTING & TAX PREP FEES 0 2,900 0 AUDIT FEES 0 18,724 0 TOTAL 250 40,086 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5INCREASE IN VALUE OF STOCK 1,698
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 IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0TX
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01309468
IRS990/TotalAssetsEOYAmt01390522
IRS990/TotalAssetsGrp/BOYAmt01309468
IRS990/TotalAssetsGrp/EOYAmt01390522
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0228488
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt040086
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0112361
IRS990/TotalFunctionalExpensesGrp/TotalAmt0152447
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01309468
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01390522
IRS990/TotalOtherProgSrvcExpenseAmt0112361
IRS990/TotalProgramServiceExpensesAmt0112361
IRS990/TotalRevenueGrp/ExclusionAmt03315
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0231803
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01309468
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01390522
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MILLIE B SLAUGHTER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09567215812
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-14
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
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd078041
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0462594885
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0GONZALEZ & COSTILLA CPAS PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0602 E CALTON RD STE 4
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LAREDO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd078041
ReturnHeader/PreparerPersonGrp/PhoneNum09567120303
ReturnHeader/PreparerPersonGrp/PreparationDt02022-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARIO GONZALEZ JR CPA
ReturnHeader/ReturnTs02022-11-15T17:37:30-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MILLICENT B
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SLAUGHTER
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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
$1,390,522
Liabilities
$0
Net assets
$1,390,522
Revenue
$231,803
Expenses
$152,447
Net income
$79,356
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