BETA

RIO-SOUTH TEXAS EDUCATION AND COMMUNITY DEVELOPMENT FDN INC: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
RIO-SOUTH TEXAS EDUCATION AND COMMUNITY DEVELOPMENT FDN INC (EIN 23-7393210)
Tax period
2023-12-01 to 2024-11-30
Filed
2025-09-29
IRS object ID
202502729349100210
Schema version
2023v6.0
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)
Return2025-09-29T17:51:18-05:00ReturnTs
Tax Period End2024-11-30TaxPeriodEndDt

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 Begin2023-12-01TaxPeriodBeginDt

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
Signature2025-09-29SignatureDt
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)
Tax2023TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$43,989,441FMVAssetsEOYAmt
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$1,072,595DividendsRevAndExpnssAmt
Dividends Net Invst Incm$1,072,595DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$200,484NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$18,392,752GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$200,484CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$1,273,079TotalRevAndExpnssAmt
Total Net Invst Incm$1,273,079TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss$159,361CompOfcrDirTrstRevAndExpnssAmt
Comp Ofcr Dir Trst Net Invst Incm$15,936CompOfcrDirTrstNetInvstIncmAmt
Comp Ofcr Dir Trst Dsbrs Chrtbl$157,975CompOfcrDirTrstDsbrsChrtblAmt
Oth Empl Slrs Wgs Rev And Expnss$103,732OthEmplSlrsWgsRevAndExpnssAmt
Oth Empl Slrs Wgs Net Invst Incm$10,373OthEmplSlrsWgsNetInvstIncmAmt
Oth Empl Slrs Wgs Dsbrs Chrtbl$106,429OthEmplSlrsWgsDsbrsChrtblAmt
Pension Empl Bnft Rev And Expnss$54,017PensionEmplBnftRevAndExpnssAmt
Pension Empl Bnft Net Invst Incm$5,402PensionEmplBnftNetInvstIncmAmt
Pension Empl Bnft Dsbrs Chrtbl$53,462PensionEmplBnftDsbrsChrtblAmt
Legal Fees Rev And Expnss$2,660LegalFeesRevAndExpnssAmt
Legal Fees Net Invst Incm$0LegalFeesNetInvstIncmAmt
Legal Fees Dsbrs Chrtbl$3,220LegalFeesDsbrsChrtblAmt
Accounting Fees Rev And Expnss$26,164AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$0AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$22,364AccountingFeesChrtblPrpsAmt
Other Prof Fees Rev And Expnss$78,399OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$74,804OtherProfFeesNetInvstIncmAmt
Other Prof Fees Dsbrs Chrtbl$77,687OtherProfFeesDsbrsChrtblAmt
Taxes Rev And Expnss$109,016TaxesRevAndExpnssAmt
Taxes Net Invst Incm$0TaxesNetInvstIncmAmt
Taxes Dsbrs Chrtbl$0TaxesDsbrsChrtblAmt
Occupancy Rev And Expnss$9,564OccupancyRevAndExpnssAmt
Occupancy Net Invst Incm$956OccupancyNetInvstIncmAmt
Occupancy Dsbrs Chrtbl$9,647OccupancyDsbrsChrtblAmt
Trav Conf Meeting Rev And Expnss$8,518TravConfMeetingRevAndExpnssAmt
Trav Conf Meeting Net Invst Incm$852TravConfMeetingNetInvstIncmAmt
Trav Conf Meeting Dsbrs Chrtbl$9,218TravConfMeetingDsbrsChrtblAmt
Other Expenses Rev And Expnss$56,554OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$5,655OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$54,308OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$607,985TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$113,978TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$494,310TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$2,399,515ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$2,418,015ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$3,007,500TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$113,978TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$2,912,325TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$1,734,421ExcessRevenueOverExpensesAmt
Net Investment Income$1,159,101NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$543,986SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$336,989SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$336,989SavAndTempCashInvstEOYFMVAmt
Prepaid Expenses BOY$4,722PrepaidExpensesBOYAmt
Prepaid Expenses EOY$3,523PrepaidExpensesEOYAmt
Prepaid Expenses EOYFMV$3,523PrepaidExpensesEOYFMVAmt
Corporate Stock BOY$38,422,834CorporateStockBOYAmt
Corporate Stock EOY$43,648,929CorporateStockEOYAmt
Corporate Stock EOYFMV$43,648,929CorporateStockEOYFMVAmt
Land Bldg Equip Cost Or Other Bss$3,900LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$3,900LandBldgEquipAccumDeprecAmt
Other Assets BOY$10,757OtherAssetsBOYAmt
Other Assets EOY$0OtherAssetsEOYAmt
Other Assets EOYFMV$0OtherAssetsEOYFMVAmt
Total Assets BOY$38,982,299TotalAssetsBOYAmt
Total Assets EOY$43,989,441TotalAssetsEOYAmt
Total Assets EOYFMV$43,989,441TotalAssetsEOYFMVAmt
Accounts Payable BOY$66,569AccountsPayableBOYAmt
Accounts Payable EOY$53,655AccountsPayableEOYAmt
Other Liabilities BOY$0OtherLiabilitiesBOYAmt
Other Liabilities EOY$82,258OtherLiabilitiesEOYAmt
Total Liabilities BOY$66,569TotalLiabilitiesBOYAmt
Total Liabilities EOY$135,913TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$38,915,730NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$43,853,528NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$38,915,730TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$43,853,528TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$38,982,299TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$43,989,441TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$38,915,730TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$1,734,421ExcessRevenueOverExpensesAmt
Other Increases$6,672,219OtherIncreasesAmt
Subtotal$43,853,528SubtotalAmt
Other Decreases$0OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$43,853,528TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyPUBLICLY TRADED SECURITIESPropertyDesc
Gross Sales Price$18,392,752GrossSalesPriceAmt
Cost Or Other Basis$18,192,268CostOrOtherBasisAmt
Gain Or Loss$200,484GainOrLossAmt
Gains Minus Excess Or Losses$200,484GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$200,484CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$16,112InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$16,112SubtotalAmt
Subtitle A Tax$0SubtitleATaxAmt
Tax Based On Investment Income$16,112TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$18,732EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce$0ExemptFrgnOrgTaxWthldAtSrceAmt
Extsn Request Income Tax Paid$0ExtsnRequestIncomeTaxPaidAmt
Backup Withholding Withheld$0BackupWithholdingWithheldAmt
Total Payments And Credits$18,732TotalPaymentsAndCreditsAmt
Es Penalty$160EsPenaltyAmt
Overpayment$2,460OverpaymentAmt
Applied To ES Tax$2,460AppliedToESTaxAmt
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 (11 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
MR 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 KEITH PATRIDGE
801 NORTH BRYAN ROAD OFFICE 167MISSIONTX78572CHAIR1.00$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
MR ADAM GONZALEZ
801 NORTH BRYAN ROAD OFFICE 167MISSIONTX78572CHIEF EXECUTIVE OFFICER20.00$92,524$0$0
MS MARI MANN-SILVA
801 NORTH BRYAN ROAD OFFICE 167MISSIONTX78572SENIOR VICE PRESIDENT20.00$57,387$0$0
MR DAVID OLIVEIRA
801 NORTH BRYAN ROAD OFFICE 167MISSIONTX78572DIRECTOR1.00$0$0$0
DR JOEL SOLIS
801 NORTH BRYAN ROAD OFFICE 167MISSIONTX78572DIRECTOR1.00$0$0$0
MR FRANK ALMARAZ
801 NORTH BRYAN ROAD OFFICE 167MISSIONTX78572DIRECTOR1.00$0$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$74,804CompensationAmt
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$40,309,696AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$834,948AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$41,144,644TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$41,144,644AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$617,170CashDeemedCharitableAmt
Net Vl Noncharitable Assets$40,527,474NetVlNoncharitableAssetsAmt
Minimum Investment Return$2,026,374MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$2,026,374MinimumInvestmentReturnAmt
Tax Based On Investment Income$16,112TaxBasedOnInvestmentIncomeAmt
Total Tax$16,112TotalTaxAmt
Distributable Before Adj$2,010,262DistributableBeforeAdjAmt
Recoveries Qualfied Distri$0RecoveriesQualfiedDistriAmt
Distributable Before Ded$2,010,262DistributableBeforeDedAmt
Deduction From Distributable$0DeductionFromDistributableAmt
Distributable As Adjusted$2,010,262DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$2,912,325ExpensesAndContributionsAmt
Program Related Invst Total$0ProgramRelatedInvstTotalAmt
Qualifying Distributions$2,912,325QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$2,010,262DistributableAsAdjustedAmt
Undistributed Income PY$1,054,380UndistributedIncomePYAmt
Total For Prior Years$0TotalForPriorYearsAmt
Total Excess Distribution Cyov$0TotalExcessDistributionCyovAmt
Qualifying Distributions$2,912,325QualifyingDistributionsAmt
Applied To Year1$1,054,380AppliedToYear1Amt
Applied To Prior Years$0AppliedToPriorYearsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$1,857,945AppliedToCurrentYearAmt
Remaining Distri From Corpus$0RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus$0ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$0ExcessDistributionCyovAppCYAmt
Total Corpus$0TotalCorpusAmt
Prior Year Undistributed Incm$0PriorYearUndistributedIncmAmt
Prior Year Deficiency Or Tax$0PriorYearDeficiencyOrTaxAmt
Taxable1$0Taxable1Amt
Taxable2$0Taxable2Amt
Undistributed Income CY$152,317UndistributedIncomeCYAmt
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 (11 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
COMMUNITIES FOUNDATION OF TEXAS
5500 CARUTH HAVEN LANEDALLASTX75225CO-HOST SPONSORSHIP OF THE TEXAS PHILANTHROPY LEADERSHIP CIRCLE WHICH IS AN ANNUAL CONVENING OF TEXAS EDUCATION FUNDERS TO HIGHLIGHT AND UPLIFT PROMISING AND INNOVATIVE PROGRAMS, POLICY WORK, AND COLLABORATIVE PARTNERSHIPS IN PUBLIC AND HIGHER EDUCATIONS. IT PROVIDES BEST PRACTICES IN EDUCATION AND PROVIDES A FORUM FOR INSTITUTIONAL GRANTMAKERS TO LEARN FROM EXPERTS AND EACH OTHER.$5,000
LCC EDUCATION FOUNDATION
WEST END WASHINGTON STREETLAREDOTX78041BENEFITS STUDENTS THAT ARE SEEKING TO ATTEND LAREDO COLLEGE INDUSTRY WORKFORCE TRAINING PROGRAMS AND ARE SEEKING TRANSITION TO EMPLOYMENT OR HIGHER EDUCATION.$132,515
LOWER RIO GRANDE VALLEY WORKFORCE DEVELOPMENT BOARD
3101 W BUSINESS 83MCALLENTX78501SUPPORTS UP TO 23 STUDENTS WHO MAY BECOME PART OF THE TEXAS BORDER REGION'S FUTURE WORKFORCE, PARTICULARY IN THE WFS SERVICE AREA OF HIDALGO, STARR, AND WILLACY COUNTIES. THE LEAD INTERNSHIP INITIATIVE BRIDGES THE GAP BETWEEN EMPLOYERS AND STUDENTS BY ENGAGING THEM IN MEANINGFUL PAID WORK EXPERIENCE AND IDENTIFYING POTENTIAL FUTURE EMPLOYEES POSSESSING NECESSARY SKILLS TO EXCEL WITHIN THEIR ORGANIZATIONS.$25,000
LOWER RIO GRANDE VALLEY WORKFORCE DEVELOPMENT BOARD
3101 W BUSINESS 83MCALLENTX78501CONSTRUCTION WORKFORCE SHORTAGES ARE AFFECTING ALL CONSTRUCTION FIRMS IN THE RIO GRANDE VALLEY, POTENTIALLY UNDERMINING THE INDUSTRY'S ABILITY TO COMPLETE PROJECTS ON TIME AND ON SCHEDULE. PROJECT BUILD ADDRESSES THE MANUFACTURING AND CONSTRUCTION SKILL GAPS BY PROVIDING ENTRY LEVEL CAREER PATHWAY CERTIFICATION / CREDENTIALS THAT LEAD TO IMPROVING SKILL SETS, INCREASED RESPONSIBILITY AND OPPORTUNITIES FOR UPWARD MOBILITY FOR 50-90 INDIVIDUALS.$10,000
SOUTH TEXAS COLLEGE EDUCATION FOUNDATION
3201 PECAN BLVD SUITE A105AMCALLENTX78501PROVIDES "LAST-DOLLAR" SCHOLARSHIPS TO HIDALGO AND STARR COUNTY STUDENTS UNDER THE STC PROMISE PRGRAM. A LAST DOLLAR SCHOLARSHIP REFERS TO FUNDS THAT COVER FINANCIAL GAPS NOT PROVIDED THRU FEDERAL FINANCIAL AID OR STATE AID. STC PROMISE PROGRAM WILL PROVIDE ADDITIONAL SUPPORT FOR STUDENTS TO TRANSITION TO SOUTH TEXAS COLLEGE AND COMPLETE THE EDUCATION JOURNEY THEY STARTED IN HIGH SCHOOL.$250,000
TEXAS A&M FOUNDATION
401 GEORGE BUSH AVECOLLEGE STATIONTX77840CREATES AN ENDOWED SCHOLARSHIP FOR THE CONSTRUCTION SCIENCE PROGRAM AT THE TEXAS A&M UNIVERSITY HIGHER EDUCATION CENTER IN MCALLEN.$250,000
TEXAS A&M INTERNATIONAL UNIVERSITY ALUMNI ASSOCIATION
PO BOX 451247LAREDOTX78045AWARDS SCHOLARSHIPS TO TEXAS A&M INTERNATIONAL UNIVERSITY STUDENTS ELIGIBLE FOR THE CLOSER THAN EVER PROGRAM.$250,000
THE TSTC FOUNDATION
1902 N LOOP 499HARLINGENTX78550PROVIDES SUPPORT OF TSTC'S GOAL LINE ASSISTANCE PROGRAM WHICH ASSISTS TSTC STUDENTS WHO ARE WITHIN THREE SEMESTERS OF GRADUATION WHO ARE FACING A FINANCIAL CRISIS. PROGRAM WILL ASSIST STUDENTS IN TECHNICAL PROGRAMS SUCH AS BUSINESS MANAGEMENT, EDUCATION, ALLIED HEALTH, NURSING, IT, MANUFACTURING, AND WELDING.$200,000
THE TSTC FOUNDATION
1902 N LOOP 499HARLINGENTX78550PROVIDES SCHOLARSHIPS FOR HARLINGEN AREA TEXAS HIGH SCHOOL CAREER AND TECHNOLOGY EDUCATION (CTE) STUDENTS WHO ENTER TSTC AS FULL-TIME STUDENTS. CTE SCHOLARSHIP PROGRAM WILL ASSIST STUDENTS IN TECHNICAL PROGRAMS SUCH AS BUSINESS MANAGEMENT, EDUCATION, ALLIED HEALTH, NURSING, IT, MANUFACTURING, AND WELDING.$150,000
THE UNIVERSITY OF TEXAS RIO GRANDE VALLEY
701 E EXPRESSWAY 83 BOX 13MCALLENTX78501THE RIO-SOUTH TEXAS EDUCATION AND COMMUNITY DEVELOPMENT FOUNDATION ENDOWED SCHOLARSHIP SHALL BE A PERMANENT ENDOWMENT AND SHALL BE FOR THE USE AND BENEFIT OF UTRGV. FUNDS DISTRIBUTED FROM THE ENDOWMENT SHALL BE USED TO PROVIDE SCHOLARSHIPS TO STUDENTS TO INCREASE ATTAINMNET OF MASTER AND DOCTORAL DEGREES IN THE FIELDS OF AGRICULTURE, FOOD, NATURAL RESOURCES, BUSINESS, FINANCE, MARKETING, EDUCATION, HEALTH SCIENCE, INFORMATION TECHNOLOGY, MANUFACTURING, OR STEM.$1,000,000
VALLEY GRANDE INSTITUTE
345 S TEXAS BLVDWESLACOTX78596ESTABLISHES TWO NEW SECTIONS OF COURSES FOR THE VALLEY GRANDE INSTITUTE HEALTHCARE PROGRAM TO IMPROVE EDUCATION OF VGI STUDENTS AND IMPROVE HEALTHCARE IN THE RIO GRANDE VALLEY.$127,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$2,399,515TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut$0TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$1,072,595ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion$200,484ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$0UnrelatedBusinessTaxblIncmAmt
Exclusion$1,273,079ExclusionAmt
Related Or Exempt Function Incm$0RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$1,273,079TotalIncomeProducingActyAmt

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

FieldValueIRS element (for citing)
Line Number1cLineNumberTxt
Involved$362,556InvolvedAmt

Noncharitable Exempt Org Name NoncharitableExemptOrgName

FieldValueIRS element (for citing)
Business Name Line1COSTEP COUNCIL FOR SOUTH TEXAS ECONOMIC PROGRESSBusinessNameLine1Txt
FieldValueIRS element (for citing)
Transfers Trans And Shr ArrngmTHE 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 41.67% OF CERTAIN LINE ITEMS AGREED UPON BY ALL PARTIES.TransfersTransAndShrArrngmDesc
FieldValueIRS element (for citing)
Relationships Nonchrtbl EOYes (1)RelationshipsNonchrtblEOInd

Relationship Schedule Detail RelationshipScheduleDetail

Organization Business Name OrganizationBusinessName

FieldValueIRS element (for citing)
Business Name Line1COSTEP COUNCIL FOR SOUTH TEXAS ECONOMIC PROGRESSBusinessNameLine1Txt
FieldValueIRS element (for citing)
Organization Type501(C)(3)OrganizationTypeDesc
Relationship DescriptionCOMMON CONTROL AND SHARED RESOURCESRelationshipDescriptionTxt

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryAUDIT AND RETURN PREPARATION FEESCategoryTxt
Amt$26,164Amt
Net Investment Income$0NetInvestmentIncomeAmt
Disbursements Charitable Prps$22,364DisbursementsCharitablePrpsAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (20 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
INVESTCO S&P 500 TOP 50 ETF$3,350,084$3,350,084
ISHARES AGENCY BOND ETF$2,073,508$2,073,508
ISHARES CORE DIVIDEND$6,679,373$6,679,373
ISHARES CORE US$2,430,772$2,430,772
ISHARES FLOATING RATE BOND ETF$40,805$40,805
ISHARES IBOXX INVT GRADE$1,428,008$1,428,008
ISHARES MSCI EAFE SMALL CAP ETF$1,217,000$1,217,000
ISHARES ULTR SHRT TRM BND$58,298$58,298
SCHWAB SHORT TERM US$1,693,974$1,693,974
SPDR INDEX SHARES EMERG MARKT ETF IV$618,661$618,661
SPDR PORTFOLIO DVLPD WRLD EX-US ETF$2,033,739$2,033,739
SPDR S&P 600 SMALL CAP VALUE ETF IV$1,874,606$1,874,606
VANGUARD INTRMDIAT TRM$1,419,494$1,419,494
VANGUARD LARGE CAP ETF IV$7,179,753$7,179,753
VANGUARD MID CAP ETF IV$2,760,669$2,760,669
VANGUARD MID CAP VALUE ETF IV$1,795,782$1,795,782
VANGUARD SHORT TERM TREASURY ETF$1,712,546$1,712,546
VANGUARD SMALL CAP ETF IV$2,807,909$2,807,909
WSDMTREE EMRG MKTS SMALLCAP DVD ETF$405,730$405,730
PERFORMANCE TRUST TOTAL$2,068,218$2,068,218

Legal Fees Schedule LegalFeesSchedule

Legal Fees LegalFeesGrp

FieldValueIRS element (for citing)
CategoryGENERAL GOVERNANCE AND COUNSELCategoryTxt
Legal Fees$2,660LegalFeesAmt
Net Investment Income$0NetInvestmentIncomeAmt
Disbursements Charitable Prps$3,220DisbursementsCharitablePrpsAmt

Other Assets Schedule OtherAssetsSchedule

Other Assets Schedule OtherAssetsScheduleGrp

FieldValueIRS element (for citing)
DescDEFERRED EXCISE TAX ASSETDesc
BOY Book Value$10,757BOYBookValueAmt
EOY Book Value$0EOYBookValueAmt
EOYFMV$0EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
MEMBERSHIP DUES$1,250$125$1,250
OFFICE EXPENSE$15,990$1,599$15,119
INSURANCE$13,346$1,334$13,720
SERVICE AGREEMENT AND OTHER$25,968$2,597$24,219

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

FieldValueIRS element (for citing)
DescUNREALIZED GAIN/LOSS ON INVESTMENTSDesc
Amt$6,672,219Amt

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail

FieldValueIRS element (for citing)
DescDEFERRED EXCISE TAX LIABILITYDesc
BOY Book Value$0BOYBookValueAmt
EOY Book Value$82,258EOYBookValueAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryINVESTMENT MANAGEMENT FEESCategoryTxt
Amt$78,399Amt
Net Investment Income$74,804NetInvestmentIncomeAmt
Disbursements Charitable Prps$77,687DisbursementsCharitablePrpsAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryEXCISE TAXCategoryTxt
Amt$109,016Amt
Net Investment Income$0NetInvestmentIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Comments

Anonymous: no account or email. Up to 2,000 characters, at most one link. Comments are checked automatically; some wait for review.