RIO-SOUTH TEXAS EDUCATION AND COMMUNITY DEVELOPMENT FDN INC: Form 990PF, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- RIO-SOUTH TEXAS EDUCATION AND COMMUNITY DEVELOPMENT FDN INC (EIN 23-7393210)
- Tax period
- 2021-12-01 to 2022-11-30
- Filed
- 2023-10-14
- IRS object ID
- 202312879349100206
- Schema version
- 2021v4.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Accounting Fees Schedule
- Depreciation Schedule
- Investments Corp Stock Schedule
- Land Etc Schedule2
- Legal Fees Schedule
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Liabilities Schedule
- Other Professional Fees Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-10-14T10:58:44-05:00 | ReturnTs |
| Tax Period End | 2022-11-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 742609610 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | BURTON MCCUMBER & LONGORIA LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 205 PECAN BLVD | AddressLine1Txt |
| City | MCALLEN | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 78501 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2021-12-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 237393210 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RIO-SOUTH TEXAS EDUCATION AND COMMUNITY | BusinessNameLine1Txt |
| Business Name Line2 | DEVELOPMENT FOUNDATION INC | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | RIO- | BusinessNameControlTxt |
| Phone | 9566826371 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 801 NORTH BRYAN ROAD OFFICE 167 | AddressLine1Txt |
| City | MISSION | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 78572 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MARI MANN-SILVA | PersonNm |
| Person Title | SVP OF FINANCIAL OPERATIONS | PersonTitleTxt |
| Phone | 9566826371 | PhoneNum |
| Signature | 2023-10-14 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | MARI | PersonFirstNm |
| Person Last | MANN-SILVA | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | REBECCA M GARCIA CPA | PreparerPersonNm |
| PTIN | P01332945 | PTIN |
| Phone | 9566182300 | PhoneNum |
| Self Employed | Yes (X) | SelfEmployedInd |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 0 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $37,119,616 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Dividends Rev And Expnss | $716,047 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $716,047 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | -$1,008,291 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $16,931,130 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $0 | CapGainNetIncmNetInvstIncmAmt |
| Total Rev And Expnss | -$292,244 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $716,047 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $290,095 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $29,010 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $290,899 | CompOfcrDirTrstDsbrsChrtblAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $80,802 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Net Invst Incm | $8,080 | OthEmplSlrsWgsNetInvstIncmAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $81,843 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $60,194 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Net Invst Incm | $6,019 | PensionEmplBnftNetInvstIncmAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $60,964 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $3,448 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Dsbrs Chrtbl | $5,513 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $29,352 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Chrtbl Prps | $29,352 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $72,375 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $69,790 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $72,375 | OtherProfFeesDsbrsChrtblAmt |
| Deprec And Dpltn Rev And Expnss | $2,600 | DeprecAndDpltnRevAndExpnssAmt |
| Deprec And Dpltn Net Invst Incm | $0 | DeprecAndDpltnNetInvstIncmAmt |
| Occupancy Rev And Expnss | $6,109 | OccupancyRevAndExpnssAmt |
| Occupancy Net Invst Incm | $611 | OccupancyNetInvstIncmAmt |
| Occupancy Dsbrs Chrtbl | $6,173 | OccupancyDsbrsChrtblAmt |
| Trav Conf Meeting Rev And Expnss | $5,126 | TravConfMeetingRevAndExpnssAmt |
| Trav Conf Meeting Net Invst Incm | $0 | TravConfMeetingNetInvstIncmAmt |
| Trav Conf Meeting Dsbrs Chrtbl | $4,533 | TravConfMeetingDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $17,446 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $3,829 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Dsbrs Chrtbl | $61,437 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $567,547 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $117,339 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $613,089 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $1,962,504 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $2,525,004 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $2,530,051 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $117,339 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Dsbrs Chrtbl | $3,138,093 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$2,822,295 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $598,708 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $661,135 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $457,456 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $457,456 | SavAndTempCashInvstEOYFMVAmt |
| Acct Rcvbl BOY | $50 | AcctRcvblBOYAmt |
| Prepaid Expenses BOY | $10,319 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $9,704 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $9,704 | PrepaidExpensesEOYFMVAmt |
| Corporate Stock BOY | $42,955,332 | CorporateStockBOYAmt |
| Corporate Stock EOY | $36,612,396 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $36,612,396 | CorporateStockEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $3,900 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $2,600 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $0 | LandBOYAmt |
| Land EOY | $1,300 | LandEOYAmt |
| Land EOYFMV | $1,300 | LandEOYFMVAmt |
| Other Assets BOY | $0 | OtherAssetsBOYAmt |
| Other Assets EOY | $38,760 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $38,760 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $43,626,836 | TotalAssetsBOYAmt |
| Total Assets EOY | $37,119,616 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $37,119,616 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $53,244 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $47,713 | AccountsPayableEOYAmt |
| Grants Payable BOY | $562,500 | GrantsPayableBOYAmt |
| Other Liabilities BOY | $178,142 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $0 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $793,886 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $47,713 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $42,832,950 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $37,071,903 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $42,832,950 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $37,071,903 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $43,626,836 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $37,119,616 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $42,832,950 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$2,822,295 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $40,010,655 | SubtotalAmt |
| Other Decreases | $2,938,752 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $37,071,903 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)
| PropertyPropertyDesc | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|
| PUBLICLY TRADED SECURITIES | $16,881,448 | $17,939,421 | -$1,057,973 | -$1,057,973 |
| CAPITAL GAINS DIVIDENDS | $49,682 | $49,682 | $49,682 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | -$1,008,291 | CapitalGainNetIncomeAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $8,322 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $8,322 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $8,322 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $10,934 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $0 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $10,934 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $1 | EsPenaltyAmt |
| Overpayment | $2,611 | OverpaymentAmt |
| Applied To ES Tax | $2,611 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | TX | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | 0 | PrivateOperatingFoundationInd |
| New Substantial Contributors | 0 | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | WWW.RSTEF.ORG | WebsiteAddressTxt |
| Individual With Books | MARI MANN-SILVA | IndividualWithBooksNm |
| Phone | 9566826371 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 801 NORTH BRYAN ROAD OFFICE 167 | AddressLine1Txt |
| City | MISSION | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 78572 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (11 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| MR JAMES E MOORE | ||||||||
| 801 NORTH BRYAN ROAD OFFICE 167 | MISSION | TX | 78572 | CHAIR | 1.00 | $0 | $0 | $0 |
| DR MIGUEL NEVAREZ | ||||||||
| 801 NORTH BRYAN ROAD OFFICE 167 | MISSION | TX | 78572 | VICE CHAIR | 1.00 | $0 | $0 | $0 |
| MR WALTER REYNA | ||||||||
| 801 NORTH BRYAN ROAD OFFICE 167 | MISSION | TX | 78572 | SECRETARY-TREASURER | 1.00 | $0 | $0 | $0 |
| MR EDDIE CANO | ||||||||
| 801 NORTH BRYAN ROAD OFFICE 167 | MISSION | TX | 78572 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| MR KEITH PATRIDGE | ||||||||
| 801 NORTH BRYAN ROAD OFFICE 167 | MISSION | TX | 78572 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| RENE ALCALA | ||||||||
| 801 NORTH BRYAN ROAD OFFICE 167 | MISSION | TX | 78572 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| JAMES NOTZON | ||||||||
| 801 NORTH BRYAN ROAD OFFICE 167 | MISSION | TX | 78572 | DIRECTOR | 1.00 | $0 | $0 | $0 |
| MS PATRICIA A BEARD | ||||||||
| 801 NORTH BRYAN ROAD OFFICE 167 | MISSION | TX | 78572 | CHIEF EXECUTIVE OFFICER | 20.00 | $92,945 | $14,807 | $0 |
| MR ADAM GONZALEZ | ||||||||
| 801 NORTH BRYAN ROAD OFFICE 167 | MISSION | TX | 78572 | SR. VICE PRESIDENT | 20.00 | $76,186 | $11,910 | $0 |
| MS MARI MANN-SILVA | ||||||||
| 801 NORTH BRYAN ROAD OFFICE 167 | MISSION | TX | 78572 | VICE PRESIDENT | 20.00 | $70,866 | $11,001 | $0 |
| MS MARY HERNANDEZ | ||||||||
| 801 NORTH BRYAN ROAD OFFICE 167 | MISSION | TX | 78572 | VICE PRESIDENT | 20.00 | $50,099 | $9,911 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | TRB WEALTH MANAGEMENT LLC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6770 WEST I-2 EXPRESSWAY 83 | AddressLine1Txt |
| City | HARLINGEN | CityNm |
| State Abbreviation | TX | StateAbbreviationCd |
| ZIP | 78552 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Service Type | INVESTMENT MANAGEMENT SERVICES | ServiceTypeTxt |
| Compensation | $69,790 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $37,998,257 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $624,475 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $38,622,732 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $38,622,732 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $579,341 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $38,043,391 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $1,902,170 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $1,902,170 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $8,322 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $8,322 | TotalTaxAmt |
| Distributable Before Adj | $1,893,848 | DistributableBeforeAdjAmt |
| Recoveries Qualfied Distri | $0 | RecoveriesQualfiedDistriAmt |
| Distributable Before Ded | $1,893,848 | DistributableBeforeDedAmt |
| Deduction From Distributable | $0 | DeductionFromDistributableAmt |
| Distributable As Adjusted | $1,893,848 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $3,138,093 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $3,138,093 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $1,893,848 | DistributableAsAdjustedAmt |
| Undistributed Income PY | $1,013,091 | UndistributedIncomePYAmt |
| Total For Prior Years | $0 | TotalForPriorYearsAmt |
| Total Excess Distribution Cyov | $0 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $3,138,093 | QualifyingDistributionsAmt |
| Applied To Year1 | $1,013,091 | AppliedToYear1Amt |
| Applied To Prior Years | $0 | AppliedToPriorYearsAmt |
| Treated As Distri From Corpus | $0 | TreatedAsDistriFromCorpusAmt |
| Applied To Current Year | $1,893,848 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $231,154 | RemainingDistriFromCorpusAmt |
| Excess Distri Cyov App CY Corpus | $0 | ExcessDistriCyovAppCYCorpusAmt |
| Excess Distribution Cyov App CY | $0 | ExcessDistributionCyovAppCYAmt |
| Total Corpus | $231,154 | TotalCorpusAmt |
| Prior Year Undistributed Incm | $0 | PriorYearUndistributedIncmAmt |
| Prior Year Deficiency Or Tax | $0 | PriorYearDeficiencyOrTaxAmt |
| Taxable1 | $0 | Taxable1Amt |
| Taxable2 | $0 | Taxable2Amt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Corpus Distri170b1 E Or4942g3 | $0 | CorpusDistri170b1EOr4942g3Amt |
| Excess Distri Cyov From Yr5 | $0 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $231,154 | ExcessDistriCyovToNextYrAmt |
| Excess From Current Year | $231,154 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (3 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| THE TSTC FOUNDATION | ||||||
| 1902 N LOOP 499 | HARLINGEN | TX | 78550 | PC | GOAL LINE ASSISTANCE, CTE STUDENT RECRUITMENT, TECHNICAL TRAINING ENHANCEMENTS | $900,004 |
| LCC EDUCATION FOUNDATION | ||||||
| WEST END WASHINGTON STREET | LAREDO | TX | 78041 | PC | GET TO THE FINISH LINE | $125,000 |
| THE UNIVERSITY OF TEXAS-RIO GRANDE VALLEY | ||||||
| 701 E EXPRESSWAY 83 BOX 13 | MCALLEN | TX | 78501 | GOV | RIO-SOUTH TEXAS EDUCATION AND COMMUNITY DEVELOPMENT FOUNDATION ENDOWED SCHOLARSHIP | $1,500,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $2,525,004 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $716,047 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | -$1,008,291 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | -$292,244 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | -$292,244 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | Yes (1) | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | Yes (1) | SharingOfFacilitiesEtcInd |
Transfer Schedule Detail TransferScheduleDetail (3 entries)
| Line NumberLineNumberTxt | InvolvedInvolvedAmt | Transfers Trans And Shr ArrngmTransfersTransAndShrArrngmDesc |
|---|---|---|
| COUNCIL FOR SOUTH TEXAS ECONOMIC PROGRESS INC | ||
| 1c | $345,679 | THE FOUNDATION MAINTAINS A COLLABORATION AND EXPENSE SHARING AGREEMENT WITH THE COUNCIL FOR SOUTH TEXAS ECONOMIC PROGRESS, INC (COSTEP 501C4) TO SHARE EXPENSES FOR HEADQUARTER FACILITIES, ADMINISTRATIVE SUPPORT, ACCOUNTING, AND ALL OTHER TASKS NECESSARY TO FUNCTION OF THE FOUNDATION. OFFICERS AND MANAGEMENT OF THE FOUNDATION ARE ALSO OFFICERS OF COSTEP 501C4. THIS AGREEMENT PROVIDES FOR A MONTHLY REIMBURSEMENT OF SHARED SERVICES CALCULATED OF 50% OF PAYROLL LINE ITEMS AND 37.5% OF CERTAIN LINE ITEMS AGREED UPON BY ALL PARTIES. |
| COSTEP COUNCIL FOR SOUTH TEXAS ECONOMIC PROGRESS | ||
| 1c | $126,981 | THE FOUNDATION MAINTAINS A COLLABORATION AND EXPENSE SHARING AGREEMENT WITH THE COSTEP, COUNCIL FOR SOUTH TEXAS ECONOMIC PROGRESS (COSTEP 501C3) TO SHARE EXPENSES FOR HEADQUARTER FACILITIES, ADMINISTRATIVE SUPPORT, ACCOUNTING, AND ALL OTHER TASKS NECESSARY TO FUNCTION OF THE FOUNDATION. OFFICERS AND MANAGEMENT OF THE FOUNDATION ARE ALSO OFFICERS OF COSTEP 501C3. THIS AGREEMENT PROVIDES FOR A MONTHLY REIMBURSEMENT OF SHARED SERVICES CALCULATED OF 50% OF PAYROLL LINE ITEMS AND 37.5% OF CERTAIN LINE ITEMS AGREED UPON BY ALL PARTIES. |
| COUNCIL FOR SOUTH TEXAS ECONOMIC PROGRESS INC | ||
| 1b(4) | $4,802 | THE FOUNDATION MAINTAINS A COLLABORATION AND EXPENSE SHARING AGREEMENT WITH THE COUNCIL FOR SOUTH TEXAS ECONOMIC PROGRESS, INC (COSTEP 501C4) TO SHARE EXPENSES FOR HEADQUARTER FACILITIES, ADMINISTRATIVE SUPPORT, ACCOUNTING, AND ALL OTHER TASKS NECESSARY TO FUNCTION OF THE FOUNDATION. OFFICERS AND MANAGEMENT OF THE FOUNDATION ARE ALSO OFFICERS OF COSTEP 501C4. THIS AGREEMENT PROVIDES FOR A MONTHLY REIMBURSEMENT OF SHARED SERVICES CALCULATED OF 50% OF PAYROLL LINE ITEMS AND 37.5% OF CERTAIN LINE ITEMS AGREED UPON BY ALL PARTIES. |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationships Nonchrtbl EO | Yes (1) | RelationshipsNonchrtblEOInd |
Relationship Schedule Detail RelationshipScheduleDetail (2 entries)
| Organization TypeOrganizationTypeDesc | Relationship DescriptionRelationshipDescriptionTxt |
|---|---|
| COUNCIL FOR SOUTH TEXAS ECONOMIC PROGRESS INC | |
| 501(C)(4) | COMMON CONTROL AND SHARED RESOURCES |
| COSTEP COUNCIL FOR SOUTH TEXAS ECONOMIC PROGRESS | |
| 501(C)(3) | COMMON CONTROL AND SHARED RESOURCES |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | AUDIT AND RETURN PREPARATION FEES | CategoryTxt |
| Amt | $29,352 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $29,352 | DisbursementsCharitablePrpsAmt |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Property | HUBSPOT GROWTH SUITE | PropertyDesc |
| Acquired | 2022-04-01 | AcquiredDt |
| Cost Or Other Basis | $3,900 | CostOrOtherBasisAmt |
| Computation Method | SL | ComputationMethodTxt |
| Life | 1.000000000000 | LifeRt |
| Current Year Expense | $2,600 | CurrentYearExpenseAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (14 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| BLACKROCK ULTRA SHORT TERM BOND ETF | $4,327,019 | $4,327,019 |
| INVESTCO S&P 500 TOP 50 ETF | $5,401,912 | $5,401,912 |
| ISHARES FLOATING RATE BOND ETF | $2,951,828 | $2,951,828 |
| ISHARES CORE DIVIDEND | $3,442,839 | $3,442,839 |
| ISHARES MSCI EAFE SMALL CAP ETF | $2,039,028 | $2,039,028 |
| SPDR INDEX SHARES EMERG MARKT ETF IV | $652,496 | $652,496 |
| SPDR PORTFOLIO DVLPD WRLD EX-US ETF | $2,738,424 | $2,738,424 |
| SPDR S&P 600 SMALL CAP VALUE ETF IV | $563,912 | $563,912 |
| VANGUARD LARGE CAP ETF IV | $5,916,744 | $5,916,744 |
| VANGUARD MID CAP ETF IV | $3,594,731 | $3,594,731 |
| VANGUARD MID CAP VALUE ETF IV | $1,626,284 | $1,626,284 |
| VANGUARD SHORT TERM TREASURY ETF | $1,217,496 | $1,217,496 |
| VANGUARD SMALL CAP ETF IV | $1,763,061 | $1,763,061 |
| WSDMTREE EMRG MKTS SMALLCAP DVD ETF | $376,622 | $376,622 |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category Or Item | HUBSPOT GROWTH SUITE | CategoryOrItemTxt |
| Cost Or Other Basis | $3,900 | CostOrOtherBasisAmt |
| Accumulated Depreciation | $2,600 | AccumulatedDepreciationAmt |
| Book Value | $1,300 | BookValueAmt |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | GENERAL GOVERNANCE AND COUNSEL | CategoryTxt |
| Legal Fees | $3,448 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Disbursements Charitable Prps | $5,513 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DEFERRED EXCISE TAX ASSET | Desc |
| BOY Book Value | $0 | BOYBookValueAmt |
| EOY Book Value | $38,760 | EOYBookValueAmt |
| EOYFMV | $38,760 | EOYFMVAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | UNREALIZED GAIN/LOSS ON INVESTMENTS | Desc |
| Amt | $2,938,752 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (5 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| MEMBERSHIP DUES | $16,800 | $0 | $16,650 |
| OFFICE EXPENSE | $11,124 | $1,112 | $11,317 |
| INSURANCE | $13,628 | $739 | $13,439 |
| SERVICE AGREEMENT AND OTHER | $19,818 | $1,978 | $20,031 |
| EXCISE TAX | -$43,924 | $0 | $0 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DEFERRED EXCISE TAX LIABILITY | Desc |
| BOY Book Value | $178,142 | BOYBookValueAmt |
| EOY Book Value | $0 | EOYBookValueAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|
| CONSULTING FEES | $2,585 | $0 | $2,585 |
| INVESTMENT MANAGEMENT FEES | $69,790 | $69,790 | $69,790 |
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