COUNCIL ON REGIONAL ECONOMIC EXPANSION & EDUCATIONAL DEV FOUNDA: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
COUNCIL ON REGIONAL ECONOMIC EXPANSION & EDUCATIONAL DEV FOUNDA (EIN 81-4516730)
Tax period
2022-01-01 to 2022-12-31
Filed
2023-11-13
IRS object ID
202333179349307008
Schema version
2022v5.0
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 ReturnHeader

FieldValueIRS element (for citing)
Return2023-11-13T11:30:52-08:00ReturnTs
Tax Period End2022-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN261159690PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1GIBSON RUDDOCK PATTERSON LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1600 SUNLAND PARK BLDG 6 STE 300AddressLine1Txt
CityEL PASOCityNm
State AbbreviationTXStateAbbreviationCd
ZIP79912ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2022-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN814516730EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1COUNCIL ON REGIONAL ECONOMIC EXP &BusinessNameLine1Txt
Business Name Line2EDUCATIONAL DEVELOPMENT FOUNDATIONBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlCOUNBusinessNameControlTxt
Phone9153517077PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1C/O E RODRIGUEZ 4110 RIO BRAVO 103AddressLine1Txt
CityEL PASOCityNm
State AbbreviationTXStateAbbreviationCd
ZIP79902ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonEDUARDO RODRIGUEZPersonNm
Person TitleExecutive Dir.PersonTitleTxt
Signature2023-11-10SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstEDUARDOPersonFirstNm
Person LastRODRIGUEZPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonBrenda YeagerPreparerPersonNm
PTINP00146357PTIN
Phone9153563700PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
Federated Assurance LevelFAL1FederatedAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerEDUARDO RODRIGUEZPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1C/O E RODRIGUEZ 4110 RIO BRAVO 103AddressLine1Txt
CityEL PASOCityNm
State AbbreviationTXStateAbbreviationCd
ZIP79902ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$872,000GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.CREEED.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2016FormationYr
Legal Domicile StateTXLegalDomicileStateCd
Activity Or MissionLEAD 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.ActivityOrMissionDesc
Voting Members Governing Body8VotingMembersGoverningBodyCnt
Voting Members Independent8VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers6TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$45,000PYContributionsGrantsAmt
CY Contributions Grants$872,000CYContributionsGrantsAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
CY Investment Income$0CYInvestmentIncomeAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$45,000PYTotalRevenueAmt
CY Total Revenue$872,000CYTotalRevenueAmt
PY Grants And Similar Paid$72,889PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$2,722,046CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
CY Other Expenses$105CYOtherExpensesAmt
PY Total Expenses$72,889PYTotalExpensesAmt
CY Total Expenses$2,722,151CYTotalExpensesAmt
PY Revenues Less Expenses-$27,889PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$1,850,151CYRevenuesLessExpensesAmt
Total Assets BOY$3,671,949TotalAssetsBOYAmt
Total Assets EOY$3,696,798TotalAssetsEOYAmt
Total Liabilities BOY$2,975,563TotalLiabilitiesBOYAmt
Total Liabilities EOY$4,850,563TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$696,386NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY-$1,153,765NetAssetsOrFundBalancesEOYAmt
MissionLEAD 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.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$2,722,046ExpenseAmt
Grant$2,722,046GrantAmt
DescPROVIDE INITIAL STARTUP COSTS AND EXPENSES ASSOCIATED WITH THE EXPANSION OF THE IDEA PUBLIC SCHOOLS SYSTEM IN EL PASO, TX, AIDING IN FORMATION, RECRUITMENT OF TEACHERS, AND AFFILIATED ORGANIZING EXPENSES. 2017 GRANT IN THE AMOUNT OF $6,812,400 WILL BE PAID OUT OVER SEVEN YEARS, POTENTIALLY AIDING IN OPENING 20 SCHOOLS WITH PROJECTED ENFORLLMENT OF 14,000 STUDENTS BY 2023. THE TOTAL PAID THROUGH 2022 IS $3,836,837. GRANTED VELA FUND $300,000 IN SUPPORT OF MICRO SCHOOL SYSTEMS OF EDUCATION IN EL PASO, TX, FOCUSING ON UNCONVENTIONAL EDUCATION. PAID $375,000 OF $2.25 GRANT TO HARMONY PUBLIC SCHOOLS FOR EXPANSION IN EL PASO. PROVIDED $172,046 IN SUPPORT OF PARENT ENGAGEMENT/KNOWLEDGE INITIATIVES.Desc
Total Program Service Expenses$2,722,046TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentfalseReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsYes (true)GrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredYes (true)ScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityYes (true)RelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld CompliancefalseBackupWthldComplianceInd
Employee0EmployeeCnt
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsfalseQuidProQuoContributionsInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Form8282 Filed0Form8282FiledCnt
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Form8899 FiledindfalseForm8899Filedind
Form1098 C FiledfalseForm1098CFiledInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members8GoverningBodyVotingMembersCnt
Independent Voting Member8IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyfalseForm990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyfalseConflictOfInterestPolicyInd
Whistleblower PolicyfalseWhistleblowerPolicyInd
Document Retention PolicyfalseDocumentRetentionPolicyInd
Compensation Process CEOfalseCompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonATTEL COMPANYPersonNm
Phone9155332200PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1600 SUNLAND PARK DRIVE 6-300AddressLine1Txt
CityEL PASOCityNm
State AbbreviationTXStateAbbreviationCd
ZIP79912ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (9 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
EDUARDO RODRIGUEZ
EXEC DIR/SEC/TR10.0040.00Yes (X)Yes (X)$0$199,601$0
MANUEL SOTO JR
Director8.0030.00Yes (X)$0$70,947$0
AMY O'ROURKE RES 6-22
Director8.0035.00Yes (X)$0$47,527$0
RICHARD CASTRO
Chairman6.0010.00Yes (X)Yes (X)$0$0$0
WOODY HUNT
VICE-CHAIR6.006.00Yes (X)Yes (X)$0$0$0
JOE CARDENAS
Director6.004.00Yes (X)$0$0$0
DAN OLIVAS
Director6.006.00Yes (X)$0$0$0
CARMEN PEREZ
Director6.006.00Yes (X)$0$0$0
EDWARD ESCUDERO
Director6.006.00Yes (X)$0$0$0
FieldValueIRS element (for citing)
Tot Reportable Comp Rltd Org$318,075TotReportableCompRltdOrgAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (true)TotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
All Other Contributions$872,000AllOtherContributionsAmt
Total Contributions$872,000TotalContributionsAmt
Total Program Service Revenue$0TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Royalties Revenue RoyaltiesRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Net Income From Gaming NetIncomeFromGamingGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Net Income Or Loss NetIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt
FieldValueIRS element (for citing)
Other Revenue Total$0OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$872,000TotalRevenueColumnAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$2,722,046TotalAmt
Program Services$2,722,046ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Benefits To Members BenefitsToMembersGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Comp Disqual Persons CompDisqualPersonsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$105TotalAmt
Management And General$105ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Royalties RoyaltiesGrp

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Total$0TotalAmt

Occupancy OccupancyGrp

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Total$0TotalAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Payments To Affiliates PaymentsToAffiliatesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Insurance InsuranceGrp

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Total$0TotalAmt

All Other Expenses AllOtherExpensesGrp

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Total$0TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$2,722,151TotalAmt
Program Services$2,722,046ProgramServicesAmt
Management And General$105ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$827,111BOYAmt
EOY$1,007,210EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

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EOY$0EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

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EOY$0EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$2,844,838BOYAmt
EOY$2,689,588EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

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EOY$0EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

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EOY$0EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

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EOY$0EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

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EOY$0EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

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EOY$0EOYAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

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EOY$0EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

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EOY$0EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

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EOY$0EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

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EOY$0EOYAmt

Intangible Assets IntangibleAssetsGrp

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EOY$0EOYAmt

Other Assets Total OtherAssetsTotalGrp

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EOY$0EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$3,671,949BOYAmt
EOY$3,696,798EOYAmt

Grants Payable GrantsPayableGrp

FieldValueIRS element (for citing)
BOY$2,975,563BOYAmt
EOY$4,850,563EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$2,975,563BOYAmt
EOY$4,850,563EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$696,386BOYAmt
EOY-$1,153,765EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$696,386BOYAmt
EOY-$1,153,765EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$3,671,949BOYAmt
EOY$3,696,798EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$1,850,151ReconcilationRevenueExpnssAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewYes (true)AccountantCompileOrReviewInd

Acct Compile Or Review Basis AcctCompileOrReviewBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
FS AuditedfalseFSAuditedInd
Audit CommitteefalseAuditCommitteeInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$510,000CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$200,000CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$125,000CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$45,000CurrentTaxYearMinus1YearAmt
Current Tax Year$872,000CurrentTaxYearAmt
Total$1,752,000TotalAmt

Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$510,000CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$200,000CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$125,000CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$45,000CurrentTaxYearMinus1YearAmt
Current Tax Year$872,000CurrentTaxYearAmt
Total$1,752,000TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$964,880SubstantialContributorsTotAmt
Public Support Total170$787,120PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt
FieldValueIRS element (for citing)
Total Support$1,752,000TotalSupportAmt
Public Support CY1700.44930PublicSupportCY170Pct
Public Support PY1700.25000PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind
Facts And Circumstances TestPrior 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.FactsAndCircumstancesTestTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (true)GrantRecordsMaintainedInd

Recipient Table RecipientTable (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtNon Cash AssistanceNonCashAssistanceAmtPurpose Of GrantPurposeOfGrantTxt
CREEED
4110 RIO BRAVO 103EL PASOTX79902463444371501(C)(6)$164,597$0PARENT ENGAGEMENT WORKSHOP
HARMONY SCIENCE ACADEMY
9405 BETEL DREL PASOTX79907760615245501(C)(3)$375,000$0INCREASE CHARTER PUBLIC SCHOOLS
VELA EDUCATION FUND
2200 WILSON BLVD STE 107ARLINGTONVA22201844185046501(C)(3)$300,000$0HOME SCHOOL/DIRECTED EDUC PROGRAMS
FieldValueIRS element (for citing)
Total501c3 Org2Total501c3OrgCnt
Total Other Org1TotalOtherOrgCnt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Severance PaymentfalseSeverancePaymentInd
Supplemental Nonqual Rtr PlanfalseSupplementalNonqualRtrPlanInd
Equity Based Comp ArrngmfalseEquityBasedCompArrngmInd
Comp Based On Revenue Of Flng OrgfalseCompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related OrgsfalseCompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng OrgfalseCompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd OrgsfalseCompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsfalseAnyNonFixedPaymentsInd
Initial Contract ExceptionfalseInitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonEDUARDO RODRIGUEZPersonNm
TitleEXEC DIR/SEC/TRTitleTxt
Compensation Based On Rltd Orgs$199,601CompensationBasedOnRltdOrgsAmt
Total Compensation Rltd Orgs$199,601TotalCompensationRltdOrgsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part VI, Section B, Line 11bNo review was or will be conducted.
Form 990, Part VI, Section C, Line 19No documents available to the public.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1COUNCIL ON REGIONAL ECONOMIC EXP & ED DEBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line14110 RIO BRAVO 103AddressLine1Txt
CityEL PASOCityNm
State AbbreviationTXStateAbbreviationCd
ZIP79902ZIPCd
FieldValueIRS element (for citing)
EIN463444371EIN
Primary ActivitiesASSIST IN WORKFORCE DEVELOPMENTPrimaryActivitiesTxt
Legal Domicile StateTXLegalDomicileStateCd
Exempt Code Section501(C)(6)ExemptCodeSectionTxt
Direct Controlling NAN/ADirectControllingNACd
Controlled OrganizationfalseControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts RyltsfalseReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgYes (true)GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgfalseGiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgfalseLoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgfalseLoansOrGuaranteesFromOthOrgInd
Div Related OrganizationfalseDivRelatedOrganizationInd
Asset Sale To Other OrgfalseAssetSaleToOtherOrgInd
Asset Purchase From Other OrgfalseAssetPurchaseFromOtherOrgInd
Asset ExchangefalseAssetExchangeInd
Rental Of Facilities To Oth OrgfalseRentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth OrgfalseRentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgfalsePerformOfServicesForOthOrgInd
Perform Of Services By Other OrgfalsePerformOfServicesByOtherOrgInd
Sharing Of FacilitiesfalseSharingOfFacilitiesInd
Paid Employees SharingfalsePaidEmployeesSharingInd
Reimbursement Paid To Other OrgfalseReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgfalseReimbursementPaidByOtherOrgInd
Transfer To Other OrgfalseTransferToOtherOrgInd
Transfer From Other OrgfalseTransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp

Other Organization Name OtherOrganizationName

FieldValueIRS element (for citing)
Business Name Line1COUNCIL ON REGIONAL ECONOMIC EXP & ED DEBusinessNameLine1Txt
FieldValueIRS element (for citing)
Transaction TypebTransactionTypeTxt
Involved$164,597InvolvedAmt
Method Of Amount DeterminationFMV (CASH)MethodOfAmountDeterminationTxt

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