2020-05-07T08:45:20-05:00 2019-11-30 743001153 PMB HELIN DONOVAN LLP 12301 RESEARCH BLVD BLDG 5 160 AUSTIN TX 78759 990 2018-12-01 237393210 RIO-SOUTH TEXAS EDUCATION AND COMMUNITY DEVELOPMENT FDN INC FKA STHEA INC RIO- 9566826371 200 S 10TH STREET NO 1201 MCALLEN TX 78501 PATRICIA BEARD CHIEF EXECUTIVE OFFICER 9566826371 2020-05-06 1 NORMAN TRUBEE P00962119 5122589670 2020-04-03 74.192.163.180 2020-05-06 18:01:33 CD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 6E7E0E5E43DCF795FC2D0E7EA97D58B532BF5A60 2018 2020-09-23 17:36:50Z PATRICIA BEARD 200 S 10TH STREET NO 1201 MCALLEN TX 78501 9587945 0 X WWW.STHEA.ORG X 1973 TX 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. 7 7 0 0 0 0 0 0 0 0 423569 365963 14397 0 437966 365963 0 45000 0 0 0 0 0 0 0 472171 974711 472171 1019711 -34205 -653748 34430060 36846625 337896 363808 34092164 36482817 X THE 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. 0 0 134070 45000 THE 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. 134070 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 6 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 1 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 0 0 X MARI MANN-SILVA 9566826371 200 S 10TH STREET NO 1201 MCALLEN TX 78501 X JAMES MOORE CHAIR 1.00 X 0 0 0 MIGUEL A NEVAREZ VICE CHAIR 1.00 X 0 0 0 L ARON PENA SR SECRETARY-TREASURER 1.00 X 0 0 0 EDDIE CANO BOARD MEMBER 1.00 X 0 0 0 CLIFF MCCAULEY BOARD MEMBER 1.00 X 0 0 0 ROBERT C NORMAN BOARD MEMBER 1.00 X 0 0 0 KEITH PATRIDGE BOARD MEMBER 1.00 X 0 0 0 PATRICIA BEARD CHIEF EXECUTIVE OFFICER 40.00 X 0 0 0 ADAM GONZALEZ SR. VP BUSINESS DEVELOPMENT 40.00 X 0 0 0 MARI MANN-SILVA VP OF FIN. OP. & IT/ASST. TREAS 40.00 X 0 0 0 MARY HERNANDEZ VP OF HR & ADM. SRV/ASST. SCRT 40.00 X 0 0 0 0 0 0 0 0 0 0 COSTEP 200 SOUTH 10TH STREET SUITE 1201 MCALLEN TX 78501 MANAGEMENT FEES 397805 INTERCULTURAL DEVELOPMENT RESEARCH ASSOC 5815 CALLAGHAN SUITE 101 SAN ANTONIO TX 78228 CONSULTING SERVICES 195000 2 636605 636605 8951340 9221982 -270642 -270642 -270642 365963 0 0 365963 X 45000 45000 552117 552117 11984 11984 71750 26600 45150 222500 222500 14705 14705 14170 14170 6224 6224 LOSS RECAPTURE 62470 62470 MEMBERSHIP DUES 17974 17974 OTHER MISCELLANEOUS 817 817 1019711 134070 885641 0 424760 323095 3290 65200 33840337 36503656 96473 19874 34430060 36846625 39340 68050 298556 295758 337896 363808 X 34092164 36482817 34092164 36482817 34430060 36846625 -653748 3273312 -228911 0 X 0 1 X 1 0 X 0 451737 636605 1088342 14397 14397 1102739 X 0 RESERVE FOR LOSSES ON STUDENT LOANS 295758 295758 X 3410364 3273312 3273312 137052 228911 228911 365963 1019711 0 1019711 0 1019711 PART X, LINE 2: THE 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). 1 IBAT EDUCATION FOUNDATION 1700 RIO GRANDE STREET SUITE 100 AUSTIN TX 78701 742932297 501(C)(3) 23000 GENERAL SUPPORT BOYS AND GIRLS CLUB OF MCALLEN 2620 GALVESTON AVENUE MCALLEN TX 78501 741553646 501(C)(3) 22000 GENERAL SUPPORT 2 FORM 990, PART VI, SECTION A, LINE 3 THE 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 3 THE 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 8B THE ORGANIZATION CONTEMPORANEOUSLY DOCUMENTS THE MEETINGS HELD OR WRITTEN ACTIONS UNDERTAKEN DURING THE GOVERNINNG BODY MEETINGS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 WILL BE REVIEWED BY KEY OFFICERS AND FILED AFTER THE ORGANIZATION'S GOVERNING BODY APPROVES. FORM 990, PART VI, SECTION B, LINE 12C GOVERNANCE MANUAL HAS DETAILED PROCEDURES REGARDING THE MONITORING AND COMPLIANCE FOR DIFFERENT ELEMENTS OF CONFLICT OF INTEREST. FORM 990, PART VI, SECTION C, LINE 19 DISCLOSURE AVALIABLE UPON REQUEST ONLY. FORM 990, PART IX, LINE 11G OTHER: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 222,500. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 222,500.