BETA

RIO-SOUTH TEXAS EDUCATION AND COMMUNITY DEVELOPMENT FDN INC: Form 990, tax year 2018

View the entire original 990 at ProPublica ↗

Organization
RIO-SOUTH TEXAS EDUCATION AND COMMUNITY DEVELOPMENT FDN INC (EIN 23-7393210)
Tax period
2018-12-01 to 2019-11-30
Filed
2020-05-07
IRS object ID
202041289349301209
Schema version
2018v3.1
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)
Return2020-05-07T08:45:20-05:00ReturnTs
Tax Period End2019-11-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN743001153PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1PMB HELIN DONOVAN LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line112301 RESEARCH BLVD BLDG 5 160AddressLine1Txt
CityAUSTINCityNm
State AbbreviationTXStateAbbreviationCd
ZIP78759ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2018-12-01TaxPeriodBeginDt

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 FDN INC FKA STHEA INCBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlRIO-BusinessNameControlTxt
Phone9566826371PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1200 S 10TH STREET NO 1201AddressLine1Txt
CityMCALLENCityNm
State AbbreviationTXStateAbbreviationCd
ZIP78501ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonPATRICIA BEARDPersonNm
Person TitleCHIEF EXECUTIVE OFFICERPersonTitleTxt
Phone9566826371PhoneNum
Signature2020-05-06SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonNORMAN TRUBEEPreparerPersonNm
PTINP00962119PTIN
Phone5122589670PhoneNum
Preparation2020-04-03PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address74.192.163.180IPv4AddressTxt
FieldValueIRS element (for citing)
IP2020-05-06IPDt
IP Tm18:01:33IPTm
IP TimezoneCDIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdDA39A3EE5E6B4B0D3255BFEF95601890AFD80709AtSubmissionCreationDeviceId
At Submission Filing Device Id6E7E0E5E43DCF795FC2D0E7EA97D58B532BF5A60AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2018TaxYr
Build TS2020-09-23 17:36:50ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerPATRICIA BEARDPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1200 S 10TH STREET NO 1201AddressLine1Txt
CityMCALLENCityNm
State AbbreviationTXStateAbbreviationCd
ZIP78501ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$9,587,945GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.STHEA.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1973FormationYr
Legal Domicile StateTXLegalDomicileStateCd
Activity Or MissionTO ENSURE RESIDENTS ACQUIRE SKILLS AND KNOWLEDGE AND HAVE ACCESS TO ECONOMIC OPPORTUNITIES TO PURSUE MEANINGFUL CAREERS AND LIVE PROSPEROUS LIVES IN RIO SOUTH TEXAS.ActivityOrMissionDesc
Voting Members Governing Body7VotingMembersGoverningBodyCnt
Voting Members Independent7VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$423,569PYInvestmentIncomeAmt
CY Investment Income$365,963CYInvestmentIncomeAmt
PY Other Revenue$14,397PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$437,966PYTotalRevenueAmt
CY Total Revenue$365,963CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$45,000CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$472,171PYOtherExpensesAmt
CY Other Expenses$974,711CYOtherExpensesAmt
PY Total Expenses$472,171PYTotalExpensesAmt
CY Total Expenses$1,019,711CYTotalExpensesAmt
PY Revenues Less Expenses-$34,205PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$653,748CYRevenuesLessExpensesAmt
Total Assets BOY$34,430,060TotalAssetsBOYAmt
Total Assets EOY$36,846,625TotalAssetsEOYAmt
Total Liabilities BOY$337,896TotalLiabilitiesBOYAmt
Total Liabilities EOY$363,808TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$34,092,164NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$36,482,817NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTHE ORGANIZATION'S MISSION IS TO ENSURE RESIDENTS ACQUIRE SKILLS AND KNOWLEDGE AND HAVE ACCESS TO ECONOMIC OPPORTUNITIES TO PURSUE MEANINGFUL CAREERS AND LIVE PROSPEROUS LIVES IN RIO SOUTH TEXAS. THE STRATEGIC FRAMEWORK INCLUDES: 1. EDUCATION AND WORKFORCE TO ENSURE RESIDENTS ACQUIRE SKILLS AND KNOWLEDGE NECESSARY TO PURSUE MEANINGFUL CAREERS AND LIVE PROSPEROUS LIVES IN RIO SOUTH TEXAS, 2. ECONOMIC DEVELOPMENT TO ENSURE RESIDENTS HAVE ACCESS TO ECONOMIC OPPORTUNITIES TO PURSUE MEANINGFUL CAREERS AND LIVE PROSPEROUS LIVE IN RIO SOUTH TEXAS, AND 3. ADVOCACY TO WORK WITH REGIONAL STAKEHOLDERS AND PARTNERS TO ADVOCATE FOR SOLUTIONS THAT ENABLE RESIDENTS TO PURSUE MEANINGFUL CAREERS AND LIVE PROSPEROUS LIVES IN RIO SOUTH TEXAS.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$134,070ExpenseAmt
Grant$45,000GrantAmt
DescTHE ORGANIZATION'S MISSION IS TO ENSURE RESIDENTS ACQUIRE SKILLS AND KNOWLEDGE AND HAVE ACCESS TO ECONOMIC OPPORTUNITIES TO PURSUE MEANINGFUL CAREERS AND LIVE PROSPEROUS LIVES IN RIO SOUTH TEXAS. THE STRATEGIC FRAMEWORK INCLUDES: 1. EDUCATION AND WORKFORCE TO ENSURE RESIDENTS ACQUIRE SKILLS AND KNOWLEDGE NECESSARY TO PURSUE MEANINGFUL CAREERS AND LIVE PROSPEROUS LIVES IN RIO SOUTH TEXAS, 2. ECONOMIC DEVELOPMENT TO ENSURE RESIDENTS HAVE ACCESS TO ECONOMIC OPPORTUNITIES TO PURSUE MEANINGFUL CAREERS AND LIVE PROSPEROUS LIVE IN RIO SOUTH TEXAS, AND 3. ADVOCACY TO WORK WITH REGIONAL STAKEHOLDERS AND PARTNERS TO ADVOCATE FOR SOLUTIONS THAT ENABLE RESIDENTS TO PURSUE MEANINGFUL CAREERS AND LIVE PROSPEROUS LIVES IN RIO SOUTH TEXAS.Desc
Total Program Service Expenses$134,070TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With Officer Ent0BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document6IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members7GoverningBodyVotingMembersCnt
Independent Voting Member7IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesYes (1)DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of Committees0MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MARI MANN-SILVABusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone9566826371PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1200 S 10TH STREET NO 1201AddressLine1Txt
CityMCALLENCityNm
State AbbreviationTXStateAbbreviationCd
ZIP78501ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (11 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerInd
JAMES MOORE
CHAIR1.00Yes (X)$0$0$0
MIGUEL A NEVAREZ
VICE CHAIR1.00Yes (X)$0$0$0
L ARON PENA SR
SECRETARY-TREASURER1.00Yes (X)$0$0$0
EDDIE CANO
BOARD MEMBER1.00Yes (X)$0$0$0
CLIFF MCCAULEY
BOARD MEMBER1.00Yes (X)$0$0$0
ROBERT C NORMAN
BOARD MEMBER1.00Yes (X)$0$0$0
KEITH PATRIDGE
BOARD MEMBER1.00Yes (X)$0$0$0
PATRICIA BEARD
CHIEF EXECUTIVE OFFICER40.00$0$0$0Yes (X)
ADAM GONZALEZ
SR. VP BUSINESS DEVELOPMENT40.00$0$0$0Yes (X)
MARI MANN-SILVA
VP OF FIN. OP. & IT/ASST. TREAS40.00$0$0$0Yes (X)
MARY HERNANDEZ
VP OF HR & ADM. SRV/ASST. SCRT40.00$0$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (2 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
COSTEP
200 SOUTH 10TH STREET SUITE 1201MCALLENTX78501MANAGEMENT FEES$397,805
INTERCULTURAL DEVELOPMENT RESEARCH ASSOC
5815 CALLAGHAN SUITE 101SAN ANTONIOTX78228CONSULTING SERVICES$195,000
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K2CntrctRcvdGreaterThan100KCnt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$636,605TotalRevenueColumnAmt
Exclusion$636,605ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$8,951,340SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$9,221,982SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities-$270,642SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column-$270,642TotalRevenueColumnAmt
Exclusion-$270,642ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$365,963TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$365,963ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$45,000TotalAmt
Program Services$45,000ProgramServicesAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$552,117TotalAmt
Management And General$552,117ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$11,984TotalAmt
Management And General$11,984ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$71,750TotalAmt
Program Services$26,600ProgramServicesAmt
Management And General$45,150ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$222,500TotalAmt
Management And General$222,500ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$14,705TotalAmt
Management And General$14,705ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$14,170TotalAmt
Management And General$14,170ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$6,224TotalAmt
Management And General$6,224ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
LOSS RECAPTURE$62,470$62,470
MEMBERSHIP DUES$17,974$17,974
OTHER MISCELLANEOUS$817$817

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$1,019,711TotalAmt
Program Services$134,070ProgramServicesAmt
Management And General$885,641ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$424,760BOYAmt
EOY$323,095EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$3,290BOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$65,200BOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$33,840,337BOYAmt
EOY$36,503,656EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$96,473BOYAmt
EOY$19,874EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$34,430,060BOYAmt
EOY$36,846,625EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$39,340BOYAmt
EOY$68,050EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$298,556BOYAmt
EOY$295,758EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$337,896BOYAmt
EOY$363,808EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$34,092,164BOYAmt
EOY$36,482,817EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$34,092,164BOYAmt
EOY$36,482,817EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$34,430,060BOYAmt
EOY$36,846,625EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$653,748ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$3,273,312NetUnrlzdGainsLossesInvstAmt
Investment Expense-$228,911InvestmentExpenseAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind
Public Support Total170$0PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$451,737CurrentTaxYearMinus1YearAmt
Current Tax Year$636,605CurrentTaxYearAmt
Total$1,088,342TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus1 Year$14,397CurrentTaxYearMinus1YearAmt
Total$14,397TotalAmt
FieldValueIRS element (for citing)
Total Support$1,102,739TotalSupportAmt
First5 Years170Yes (X)First5Years170Ind

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescRESERVE FOR LOSSES ON STUDENT LOANSDesc
Amt$295,758Amt
FieldValueIRS element (for citing)
Total Liability$295,758TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$3,410,364TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$3,273,312NetUnrealizedGainsInvstAmt
Revenue Not Reported$3,273,312RevenueNotReportedAmt
Revenue Subtotal$137,052RevenueSubtotalAmt
Investment Expenses Not Incld$228,911InvestmentExpensesNotIncldAmt
Revenue Not Reported Fincl Stmt$228,911RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$365,963TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$1,019,711TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$1,019,711ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$1,019,711TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationTHE FOUNDATION IS A NOT-FOR-PROFIT CORPORATION WHICH IS EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. AS SUCH, NO PROVISION FOR FEDERAL OR STATE INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE FOUNDATION ASSESSES UNCERTAIN TAX POSITIONS AND ACCOUNTS FOR THE RELATED FINANCIAL STATEMENT IMPLICATIONS. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE FOUNDATION, AND HAS CONCLUDED THAT AS OF NOVEMBER 30, 2019, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. TAX BENEFITS ARE REPORTED USING THE TWO-STEP APPROACH UNDER WHICH TAX EFFECTS OF A POSITION ARE RECOGNIZED ONLY IF IT IS "MORE-LIKELY-THAN-NOT" TO BE SUSTAINED AND THE AMOUNT OF THE TAX BENEFIT RECOGNIZED IS EQUAL TO THE LARGEST TAX BENEFIT THAT IS GREATER THAN FIFTY PERCENT LIKELY OF BEING REALIZED UPON ULTIMATE SETTLEMENT OF THE TAX POSITION. DETERMINING THE APPROPRIATE LEVEL OF UNRECOGNIZED TAX BENEFITS REQUIRES THE FOUNDATION TO EXERCISE JUDGMENT REGARDING THE UNCERTAIN APPLICATION OF TAX LAW. THE AMOUNT OF UNRECOGNIZED TAX BENEFITS IS ADJUSTED WHEN INFORMATION BECOMES AVAILABLE OR WHEN AN EVENT OCCURS INDICATING A CHANGE IS APPROPRIATE. FUTURE CHANGES IN UNRECOGNIZED TAX BENEFITS REQUIREMENTS COULD HAVE A MATERIAL IMPACT ON THE RESULTS OF OPERATIONS. THE FOUNDATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS. SINCE THE FOUNDATION WAS PREVIOUSLY EXEMPT FROM FILING TAX RETURNS AS A QUASI-GOVERNMENTAL ENTITY, IT HAS NOT FILED TAX RETURNS IN PREVIOUS YEARS THAT MAY OTHERWISE BE SUBJECT TO EXAMINATION. THE FOUNDATION DID NOT FILE A TAX RETURN PRIOR TO 2018 (2017 FORM 990).ExplanationTxt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtPurpose Of GrantPurposeOfGrantTxt
IBAT EDUCATION FOUNDATION
1700 RIO GRANDE STREET SUITE 100AUSTINTX78701742932297501(C)(3)$23,000GENERAL SUPPORT
BOYS AND GIRLS CLUB OF MCALLEN
2620 GALVESTON AVENUEMCALLENTX78501741553646501(C)(3)$22,000GENERAL SUPPORT
FieldValueIRS element (for citing)
Total501c3 Org2Total501c3OrgCnt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 3THE ORGANIZATION HAD A MASTER SERVICER AGREEMENT WITH THE COUNCIL FOR SOUTH TEXAS ECONOMIC PROGRESS (COSTEP) WHEREBY COSTEP PROVIDED RSTECDF WITH FACILITIES AND ADMINISTRATIVE SUPPORT AND THE SERVICING OF ITS STUDENT LOAN PORTFOLIO. THE AGREEMENTS, IN GENERAL, PROVIDED FOR A FEE, SUBJECT TO ANNUAL PREDETERMINATION, AND ADDITIONAL PAYMENTS BASED UPON THE NUMBER OF LOANS AND SERVICES PERFORMED RELATED TO SUCH LOANS AND FOR OTHER PAYMENTS AS APPROVED BY THE BOARD.
FORM 990, PART VI, SECTION A, LINE 3THE ORGANIZATION HAS CHANGED IT'S NAME FROM SOUTH TEXAS HIGHER EDUCATION AUTHORITY, INC. TO RIO-SOUTH TEXAS EDUCATION AND COMMUNITY DEVELOPMENT FDN, INC. NAME WAS CHANGE UPDATED WITH THE IRS PRIOR TO THE 2018 FILINGS WITH THE IRS. THE ORGANIZATION HAS ALSO UPDATED THEIR MISSION.
FORM 990, PART VI, SECTION A, LINE 8BTHE ORGANIZATION CONTEMPORANEOUSLY DOCUMENTS THE MEETINGS HELD OR WRITTEN ACTIONS UNDERTAKEN DURING THE GOVERNINNG BODY MEETINGS.
FORM 990, PART VI, SECTION B, LINE 11BFORM 990 WILL BE REVIEWED BY KEY OFFICERS AND FILED AFTER THE ORGANIZATION'S GOVERNING BODY APPROVES.
FORM 990, PART VI, SECTION B, LINE 12CGOVERNANCE MANUAL HAS DETAILED PROCEDURES REGARDING THE MONITORING AND COMPLIANCE FOR DIFFERENT ELEMENTS OF CONFLICT OF INTEREST.
FORM 990, PART VI, SECTION C, LINE 19DISCLOSURE AVALIABLE UPON REQUEST ONLY.
FORM 990, PART IX, LINE 11GOTHER: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 222,500. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 222,500.

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