BETA

RIO-SOUTH TEXAS EDUCATION AND COMMUNITY DEVELOPMENT FDN INC: Form 990PF, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
RIO-SOUTH TEXAS EDUCATION AND COMMUNITY DEVELOPMENT FDN INC (EIN 23-7393210)
Tax period
2022-12-01 to 2023-11-30
Filed
2025-02-02
IRS object ID
202500339349100055
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)
Return2025-02-02T13:58:24-06:00ReturnTs
Tax Period End2023-11-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN742609610PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1BURTON MCCUMBER & LONGORIA LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1205 PECAN BLVDAddressLine1Txt
CityMCALLENCityNm
State AbbreviationTXStateAbbreviationCd
ZIP78501ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2022-12-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN237393210EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1RIO-SOUTH TEXAS EDUCATION AND COMMUNITYBusinessNameLine1Txt
Business Name Line2DEVELOPMENT FOUNDATION INCBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlRIO-BusinessNameControlTxt
Phone9566826371PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1801 NORTH BRYAN ROAD OFFICE 167AddressLine1Txt
CityMISSIONCityNm
State AbbreviationTXStateAbbreviationCd
ZIP78572ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMARI MANN-SILVAPersonNm
Person TitleSVP OF FINANCIAL OPERATIONSPersonTitleTxt
Phone9566826371PhoneNum
Signature2025-02-02SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonREBECCA M GARCIA CPAPreparerPersonNm
PTINP01332945PTIN
Phone9566182300PhoneNum
Self EmployedYes (X)SelfEmployedInd
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$38,982,299FMVAssetsEOYAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$1,035,931DividendsRevAndExpnssAmt
Dividends Net Invst Incm$1,035,931DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss-$787,623NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$7,523,241GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$0CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$248,308TotalRevAndExpnssAmt
Total Net Invst Incm$1,035,931TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$217,916CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$21,792CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$230,589CompOfcrDirTrstDsbrsChrtblAmt
Oth Empl Slrs Wgs Rev And Expnss$92,021OthEmplSlrsWgsRevAndExpnssAmt
Oth Empl Slrs Wgs Net Invst Incm$9,202OthEmplSlrsWgsNetInvstIncmAmt
Oth Empl Slrs Wgs Dsbrs Chrtbl$85,341OthEmplSlrsWgsDsbrsChrtblAmt
Pension Empl Bnft Rev And Expnss$46,395PensionEmplBnftRevAndExpnssAmt
Pension Empl Bnft Net Invst Incm$4,640PensionEmplBnftNetInvstIncmAmt
Pension Empl Bnft Dsbrs Chrtbl$46,415PensionEmplBnftDsbrsChrtblAmt
Legal Fees Rev And Expnss$12,035LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm$0LegalFeesNetInvstIncmAmt
Legal Fees Dsbrs Chrtbl$11,475LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss$24,250AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$0AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$19,000AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss$69,234OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$69,157OtherProfFeesNetInvstIncmAmt
Other Prof Fees Dsbrs Chrtbl$69,234OtherProfFeesDsbrsChrtblAmt
Taxes Rev And Expnss$41,503TaxesRevAndExpnssAmt
Taxes Net Invst Incm$0TaxesNetInvstIncmAmt
Taxes Dsbrs Chrtbl$0TaxesDsbrsChrtblAmt
Deprec And Dpltn Rev And Expnss$1,300DeprecAndDpltnRevAndExpnssAmt
Deprec And Dpltn Net Invst Incm$0DeprecAndDpltnNetInvstIncmAmt
Occupancy Rev And Expnss$7,981OccupancyRevAndExpnssAmt
Occupancy Net Invst Incm$798OccupancyNetInvstIncmAmt
Occupancy Dsbrs Chrtbl$7,575OccupancyDsbrsChrtblAmt
Trav Conf Meeting Rev And Expnss$5,415TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Net Invst Incm$0TravConfMeetingNetInvstIncmAmt
Trav Conf Meeting Dsbrs Chrtbl$5,801TravConfMeetingDsbrsChrtblAmt
Other Expenses Rev And Expnss$69,059OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$3,815OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$68,959OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$587,109TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$109,404TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$544,389TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$28,500ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$10,000ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$615,609TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$109,404TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$554,389TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$367,301ExcessRevenueOverExpensesAmt
Net Investment Income$926,527NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$457,456SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$543,986SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$543,986SavAndTempCashInvstEOYFMVAmt
Prepaid Expenses BOY$9,704PrepaidExpensesBOYAmt
Prepaid Expenses EOY$4,722PrepaidExpensesEOYAmt
Prepaid Expenses EOYFMV$4,722PrepaidExpensesEOYFMVAmt
Corporate Stock BOY$36,612,396CorporateStockBOYAmt
Corporate Stock EOY$38,422,834CorporateStockEOYAmt
Corporate Stock EOYFMV$38,422,834CorporateStockEOYFMVAmt
Land Bldg Equip Cost Or Other Bss$3,900LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$3,900LandBldgEquipAccumDeprecAmt
Land BOY$1,300LandBOYAmt
Land EOY$0LandEOYAmt
Land EOYFMV$0LandEOYFMVAmt
Other Assets BOY$38,760OtherAssetsBOYAmt
Other Assets EOY$10,757OtherAssetsEOYAmt
Other Assets EOYFMV$10,757OtherAssetsEOYFMVAmt
Total Assets BOY$37,119,616TotalAssetsBOYAmt
Total Assets EOY$38,982,299TotalAssetsEOYAmt
Total Assets EOYFMV$38,982,299TotalAssetsEOYFMVAmt
Accounts Payable BOY$47,713AccountsPayableBOYAmt
Accounts Payable EOY$66,569AccountsPayableEOYAmt
Total Liabilities BOY$47,713TotalLiabilitiesBOYAmt
Total Liabilities EOY$66,569TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$37,071,903NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$38,915,730NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$37,071,903TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$38,915,730TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$37,119,616TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$38,982,299TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$37,071,903TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$367,301ExcessRevenueOverExpensesAmt
Other Increases$2,211,128OtherIncreasesAmt
Subtotal$38,915,730SubtotalAmt
Other Decreases$0OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$38,915,730TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)

PropertyPropertyDescGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmtHow AcquiredHowAcquiredCd
PUBLICLY TRADED SECURITIES$7,523,240$8,310,864-$787,624-$787,624
CAPITAL GAINS DIVIDENDS$1$1$1
$0$0P
FieldValueIRS element (for citing)
Capital Gain Net Income-$787,623CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$12,879InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$12,879SubtotalAmt
Subtitle A Tax$0SubtitleATaxAmt
Tax Based On Investment Income$12,879TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$15,611EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Extsn Request Income Tax Paid$0ExtsnRequestIncomeTaxPaidAmt
Backup Withholding Withheld$0BackupWithholdingWithheldAmt
Total Payments And Credits$15,611TotalPaymentsAndCreditsAmt
Es Penalty$0EsPenaltyAmt
Overpayment$2,732OverpaymentAmt
Applied To ES Tax$2,732AppliedToESTaxAmt
Refund$0RefundAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political Acty0LegislativePoliticalActyInd
More Than100 Spent0MoreThan100SpentInd
Form1120 POL Filed0Form1120POLFiledInd
Section4955 Organization Tax$0Section4955OrganizationTaxAmt
Section4955 Managers Tax$0Section4955ManagersTaxAmt
Tax Reimbursed$0TaxReimbursedAmt
Activities Not Previously Rpt0ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws0ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc0OrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (1)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (1)AtLeast5000InAssetsInd
Org Report Or Register StateTXOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (1)Form990PFFiledWithAttyGenInd
Private Operating Foundation0PrivateOperatingFoundationInd
New Substantial Contributors0NewSubstantialContributorsInd
Own Controlled Entity0OwnControlledEntityInd
Donor Advised Fund0DonorAdvisedFundInd
Comply With Public Insp RqrYes (1)ComplyWithPublicInspRqrInd
Website AddressWWW.RSTEF.ORGWebsiteAddressTxt
Individual With BooksMARI MANN-SILVAIndividualWithBooksNm
Phone9566826371PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1801 NORTH BRYAN ROAD OFFICE 167AddressLine1Txt
CityMISSIONCityNm
State AbbreviationTXStateAbbreviationCd
ZIP78572ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts Question0ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified Prsn0SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn0BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn0FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn0PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn0TransferAstDisqualifiedPrsnInd
Payment To Government Official0PaymentToGovernmentOfficialInd
Uncorrected Prior Acts0UncorrectedPriorActsInd
Undistributed Income PY0UndistributedIncomePYInd
Business Holdings0BusinessHoldingsInd
Jeopardy Investments0JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst0UncorrectedPYJeopardyInvstInd
Influence Legislation0InfluenceLegislationInd
Influence Election0InfluenceElectionInd
Grants To Individuals0GrantsToIndividualsInd
Grants To Organizations0GrantsToOrganizationsInd
Noncharitable Purpose0NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (12 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
MR JAMES E MOORE
801 NORTH BRYAN ROAD OFFICE 167MISSIONTX78572VICE CHAIR1.00$0$0$0
JAMES NOTZON
801 NORTH BRYAN ROAD OFFICE 167MISSIONTX78572DIRECTOR1.00$0$0$0
DR MIGUEL A NEVAREZ
801 NORTH BRYAN ROAD OFFICE 167MISSIONTX78572SECRETARY-TREASURER1.00$0$0$0
MR EDDIE CANO
801 NORTH BRYAN ROAD OFFICE 167MISSIONTX78572DIRECTOR1.00$0$0$0
MR KEITH PATRIDGE
801 NORTH BRYAN ROAD OFFICE 167MISSIONTX78572CHAIR1.00$0$0$0
RENE ALCALA
801 NORTH BRYAN ROAD OFFICE 167MISSIONTX78572DIRECTOR1.00$0$0$0
DR KELLY NASSOUR
801 NORTH BRYAN ROAD OFFICE 167MISSIONTX78572DIRECTOR1.00$0$0$0
MR WALTER REYNA
801 NORTH BRYAN ROAD OFFICE 167MISSIONTX78572DIRECTOR1.00$0$0$0
MS PATRICIA A BEARD
801 NORTH BRYAN ROAD OFFICE 167MISSIONTX78572FORMER CEO20.00$22,339$0$0
MR ADAM GONZALEZ
801 NORTH BRYAN ROAD OFFICE 167MISSIONTX78572CHIEF EXECUTIVE OFFICER20.00$81,799$0$0
MS MARI MANN-SILVA
801 NORTH BRYAN ROAD OFFICE 167MISSIONTX78572SENIOR VICE PRESIDENT20.00$61,622$0$0
MS MARY HERNANDEZ
801 NORTH BRYAN ROAD OFFICE 167MISSIONTX78572VICE PRESIDENT20.00$41,962$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k0OtherEmployeePaidOver50kCnt

Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1TRB WEALTH MANAGEMENT LLCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line16770 WEST I-2 EXPRESSWAY 83AddressLine1Txt
CityHARLINGENCityNm
State AbbreviationTXStateAbbreviationCd
ZIP78552ZIPCd
FieldValueIRS element (for citing)
Service TypeINVESTMENT MANAGEMENT SERVICESServiceTypeTxt
Compensation$69,157CompensationAmt
FieldValueIRS element (for citing)
Contractor Paid Over50k0ContractorPaidOver50kCnt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$37,345,708AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$274,646AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$37,620,354TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$37,620,354AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$564,305CashDeemedCharitableAmt
Net Vl Noncharitable Assets$37,056,049NetVlNoncharitableAssetsAmt
Minimum Investment Return$1,852,802MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$1,852,802MinimumInvestmentReturnAmt
Tax Based On Investment Income$12,879TaxBasedOnInvestmentIncomeAmt
Total Tax$12,879TotalTaxAmt
Distributable Before Adj$1,839,923DistributableBeforeAdjAmt
Recoveries Qualfied Distri$0RecoveriesQualfiedDistriAmt
Distributable Before Ded$1,839,923DistributableBeforeDedAmt
Deduction From Distributable$0DeductionFromDistributableAmt
Distributable As Adjusted$1,839,923DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$554,389ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Qualifying Distributions$554,389QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$1,839,923DistributableAsAdjustedAmt
Undistributed Income PY$0UndistributedIncomePYAmt
Total For Prior Years$0TotalForPriorYearsAmt
Excess Distribution Cyov Yr1$231,154ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$231,154TotalExcessDistributionCyovAmt
Qualifying Distributions$554,389QualifyingDistributionsAmt
Applied To Year1$0AppliedToYear1Amt
Applied To Prior Years$0AppliedToPriorYearsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$554,389AppliedToCurrentYearAmt
Remaining Distri From Corpus$0RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus$231,154ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$231,154ExcessDistributionCyovAppCYAmt
Total Corpus$0TotalCorpusAmt
Prior Year Undistributed Incm$0PriorYearUndistributedIncmAmt
Prior Year Deficiency Or Tax$0PriorYearDeficiencyOrTaxAmt
Taxable1$0Taxable1Amt
Taxable2$0Taxable2Amt
Undistributed Income CY$1,054,380UndistributedIncomeCYAmt
Corpus Distri170b1 E Or4942g3$0CorpusDistri170b1EOr4942g3Amt
Excess Distri Cyov From Yr5$0ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$0ExcessDistriCyovToNextYrAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1VAMOSBusinessNameLine1Txt

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line1800 N MAIN ST SUITE 410AddressLine1Txt
CityMCALLENCityNm
State AbbreviationTXStateAbbreviationCd
ZIP78504ZIPCd
FieldValueIRS element (for citing)
Recipient Foundation StatusPCRecipientFoundationStatusTxt
Grant Or Contribution PurposeHONORARIUM MADE ON BEHALF OF MR. EDDIE CANO FOR HIS 10 YEARS OF SERVICE AND DEDICATION TO OUR FOUNDATION. THE AUTHORIZED TRUSTEES OF VAMOS WILL USE THE AWARD MONIES STRICTLY FOR EDUCATIONAL PURPOSES BENEFITING THE STUDENTS OF THE RIO GRANDE VALLEY SEEKING A HIGHER EDUCATION AND NO PORTION OF THE AWARD MONIES WILL BE USED FOR ADMINISTRATIVE COSTS.GrantOrContributionPurposeTxt
Amt$10,000Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$10,000TotalGrantOrContriPdDurYrAmt

Grant Or Contri Apprv For Fut GrantOrContriApprvForFutGrp

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1RGV CAREERS FOUNDATIONBusinessNameLine1Txt

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line11200 W POLK AVE SUITE QAddressLine1Txt
CityPHARRCityNm
State AbbreviationTXStateAbbreviationCd
ZIP78577ZIPCd
FieldValueIRS element (for citing)
Grant Or Contribution PurposeEDUCATIONAL PURPOSES.GrantOrContributionPurposeTxt
Amt$18,500Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Apprv Fut$18,500TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$1,035,931ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion-$787,623ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$0UnrelatedBusinessTaxblIncmAmt
Exclusion$248,308ExclusionAmt
Related Or Exempt Function Incm$0RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$248,308TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO0TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO0TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets0SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO0PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets0RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements0ReimbursementArrangementsInd
Loans Or Loan Guarantees0LoansOrLoanGuaranteesInd
Performance Of Services Etc0PerformanceOfServicesEtcInd
Sharing Of Facilities EtcYes (1)SharingOfFacilitiesEtcInd

Transfer Schedule Detail TransferScheduleDetail (2 entries)

Line NumberLineNumberTxtInvolvedInvolvedAmtTransfers Trans And Shr ArrngmTransfersTransAndShrArrngmDesc
COSTEP COUNCIL FOR SOUTH TEXAS ECONOMIC PROGRESS
1c$401,338THE 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 FOR MOST EMPLOYEES AND 48.57% OF CERTAIN LINE ITEMS (37.5% FROM 12/01/22 - 08/31/23) AGREED UPON BY ALL PARTIES.
COUNCIL FOR SOUTH TEXAS ECONOMIC PROGRESS INC
1c$1,141THE 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 FOR MOST EMPLOYEES AND 37.5% OF CERTAIN LINE ITEMS AGREED UPON BY ALL PARTIES.
FieldValueIRS element (for citing)
Relationships Nonchrtbl EOYes (1)RelationshipsNonchrtblEOInd

Relationship Schedule Detail RelationshipScheduleDetail (2 entries)

Organization TypeOrganizationTypeDescRelationship 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

FieldValueIRS element (for citing)
CategoryAUDIT AND RETURN PREPARATION FEESCategoryTxt
Amt$24,250Amt
Net Investment Income$0NetInvestmentIncomeAmt
Disbursements Charitable Prps$19,000DisbursementsCharitablePrpsAmt

Depreciation Schedule DepreciationSchedule

Depreciation Property DepreciationPropertyGrp

FieldValueIRS element (for citing)
PropertyHUBSPOT GROWTH SUITEPropertyDesc
Acquired2022-04-01AcquiredDt
Cost Or Other Basis$3,900CostOrOtherBasisAmt
Prior Year Depreciation$2,600PriorYearDepreciationAmt
Computation MethodSLComputationMethodTxt
Life1.000000000000LifeRt
Current Year Expense$1,300CurrentYearExpenseAmt
Net Investment Income$0NetInvestmentIncomeAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (14 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
BLACKROCK ULTRA SHORT TERM BOND ETF$4,932,630$4,932,630
INVESTCO S&P 500 TOP 50 ETF$3,019,248$3,019,248
ISHARES FLOATING RATE BOND ETF$4,889,541$4,889,541
ISHARES CORE DIVIDEND$5,688,424$5,688,424
ISHARES MSCI EAFE SMALL CAP ETF$1,123,865$1,123,865
SPDR INDEX SHARES EMERG MARKT ETF IV$574,476$574,476
SPDR PORTFOLIO DVLPD WRLD EX-US ETF$1,912,989$1,912,989
SPDR S&P 600 SMALL CAP VALUE ETF IV$1,327,407$1,327,407
VANGUARD LARGE CAP ETF IV$6,319,446$6,319,446
VANGUARD MID CAP ETF IV$2,231,649$2,231,649
VANGUARD MID CAP VALUE ETF IV$1,485,108$1,485,108
VANGUARD SHORT TERM TREASURY ETF$2,368,332$2,368,332
VANGUARD SMALL CAP ETF IV$2,159,552$2,159,552
WSDMTREE EMRG MKTS SMALLCAP DVD ETF$390,167$390,167

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp

FieldValueIRS element (for citing)
Category Or ItemHUBSPOT GROWTH SUITECategoryOrItemTxt
Cost Or Other Basis$3,900CostOrOtherBasisAmt
Accumulated Depreciation$3,900AccumulatedDepreciationAmt
Book Value$0BookValueAmt

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryGENERAL GOVERNANCE AND COUNSELCategoryTxt
Legal Fees$12,035LegalFeesAmt
Net Investment Income$0NetInvestmentIncomeAmt
Disbursements Charitable Prps$11,475DisbursementsCharitablePrpsAmt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

FieldValueIRS element (for citing)
DescDEFERRED EXCISE TAX ASSETDesc
BOY Book Value$38,760BOYBookValueAmt
EOY Book Value$10,757EOYBookValueAmt
EOYFMV$10,757EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
MEMBERSHIP DUES$15,900$90$16,050
OFFICE EXPENSE$14,743$1,474$13,863
INSURANCE$14,782$890$14,637
SERVICE AGREEMENT AND OTHER$23,634$1,361$24,409

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescUNREALIZED GAIN/LOSS ON INVESTMENTSDesc
Amt$2,211,128Amt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryINVESTMENT MANAGEMENT FEESCategoryTxt
Amt$69,234Amt
Net Investment Income$69,157NetInvestmentIncomeAmt
Disbursements Charitable Prps$69,234DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryEXCISE TAXCategoryTxt
Amt$41,503Amt
Net Investment Income$0NetInvestmentIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

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