2014-07-15T12:06:35-05:00 2013-11-30 743001153 PMB HELIN DONOVAN LLP 5918 W COURTYARD DR SUITE 500 AUSTIN TX 78730 990 2012-12-01 741699107 COUNCIL FOR SOUTH TEXAS ECONOMIC PROGRESS COUN 9566826371 200 S 10TH STREET NO 502 MCALLEN TX 78501 PATRICIA BEARD 9566826371 2014-04-28 1 WARD PYNN P00184378 5122589670 2014-04-28 2012 2015-11-30 17:44:51Z PATRICIA BEARD 200 S 10TH STREET NO 502 MCALLEN TX 78501 6489682 0 X WWW.COSTEP.ORG X 1972 TX TO PROVIDE BEDROCK OF ECONOMIC OPPORTUNITY FOR SOUTH TEXANS THROUGH THE CREATION OF NEW JOBS AND THE IMPROVEMENT OF EXISTING JOBS. 5 5 39 0 0 0 0 0 4032263 6378524 119275 52889 -235308 54755 3916230 6486168 0 0 0 0 1451868 1706751 0 0 0 2435049 4379531 3886917 6086282 29313 399886 13946699 14502450 1328638 1461499 12618061 13040951 X TO DEVELOP, COORDINATE, AND SPONSOR A BROAD AND MANY-FACETED PROGRAM TO FOSTER ECONOMIC PROGRESS IN SOUTH TEXAS. 0 0 5986697 6429291 COSTEP CONTINUES TO SPONSOR AND ADVANCE THE BUSINESS PROSPERITY AND ECONOMIC WELFARE OF THE AREA AND OF ITS CITIZENS THROUGH HIGHER EDUCATION. COSTEP PROMOTES THE CREATION OF NEW AND IMPROVED JOB OPPORTUNITIES IN ORDER TO ALLEVIATE CONDITIONS OF SUBSTANTIAL AND PERSISTENT UNEMPLOYMENT AND UNDEREMPLOYMENT IN THE ECONOMICALLY DISTRESSED COMMUNITIES AND COUNTIES IN THE AREA. COSTEP LEADS THE WAY BY HELPING OUR SCHOOLS AND LENDING PARTNERS KEEP AN INCREDIBLY LOW DEFAULT RATE. ALTHOUGH SOUTH TEXAS LEADS THE STATE IN BOTH UNEMPLOYMENT AND IN DEFAULTS, OUR EFFORTS AND SINCERE COMMITMENT TO OUR CUSTOMERS HAS ALLOWED US TO MAINTAIN LOW DEFAULT RATES. OUR LONG-TERM KNOWLEDGE AND EXPERIENCE HAS ALLOWED US TO IMPLEMENT PROCESSES AND PROCEDURES SPECIFIC TO EACH REGION THAT IS CULTURALLY SENSITIVE TO OUR CLIENTS, THUS GIVING COSTEP THE EDGE IN DEFAULT MANAGEMENT. COSTEP IS EXTREMELY PROUD OF ITS COMPANY WIDE EFFORT RESULTING IN LOW DEFAULT RATES. COSTEP OFFERS OUR CUSTOMERS THE FOLLOWING UNIQUE PRODUCTS AND SERVICES: COSTEP'S WEBSITE AT WWW.COSTEP.ORG PROVIDES STUDENTS WITH VALUABLE STUDENT LOAN INFORMATION, ACCESS TO FREE SCHOLARSHIP SEARCHES, VARIOUS DOWNLOADABLE FORMS, AND OTHER INNOVATIVE SERVICES. 99585 3987 OPERATION OF SUBSIDIARY; DISSOLVED DURING THE FISCAL YEAR. 6086282 0 0 0 0 0 0 0 0 0 1 1 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 12 0 1 39 1 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 1 1 X MARI MANN-SILVA 9566826371 200 SOUTH 10TH STREET SUITE 502 MCALLEN TX 78501 KEITH PATRIDGE 1.00 X 0 0 0 DR BLANDINA CARDENAS 1.00 X 0 0 0 ARTURO D TORRES 1.00 X 0 0 0 JESSE TREVINO 1.00 X 0 0 0 GLEN E RONEY 1.00 X 0 0 0 PATRICIA BEARD 40.00 X 249177 0 16340 249177 0 16340 4 0 1 0 PANHANDLE PLAINS STUDENT LOAN CORP P O BOX 839 CANYON TX 79015 LOAN SERVICING 1708350 CAMPUS PARTNERS 2400 REYNOLDA ROAD WINSTONSALEM NC 27106 LOAN SERVICING 1526522 AEROTEK INC 3689 COLLECTION CENTER DRIVE CHICAGO IL 60693 STAFF PLACEMENT SERVICES 255573 CHASE CARD SERVICES P O BOX 94014 PALATINE IL 60094 TRAVEL 151624 4 LOAN SERVICING & MGMT 900000 6378524 6378524 6378524 18825 18825 32260 5318 0 3514 32260 1804 34064 34064 OTHER INCOME 900099 54755 54755 54755 6486168 6433279 0 52889 249177 249177 1154043 1154043 70130 70130 128607 128607 104794 104794 21108 21108 37583 37583 28307 28307 189 189 69316 69316 147566 147566 112390 112390 132218 132218 56677 56677 TECHNICAL SUPPORT FEES 3463611 3463611 POSTAGE AND FREIGHT 214426 214426 TELEPHONE 52909 52909 OTHER EXPENSES 19136 19136 24095 24095 6086282 6086282 0 0 438395 1162636 2982331 4713663 2308603 875730 80523 64388 1760435 1593607 152139 166828 1426935 1748395 6557773 5770810 13946699 14502450 306152 460972 1022486 1000527 1328638 1461499 X 12618061 13040951 12618061 13040951 13946699 14502450 X 399886 97666 -74662 X 0 1 X 1 0 115206 115206 0 1645229 1478401 166828 166828 STUDENT LOANS, LESS CURRENT PORTION, NET 5770810 5770810 DEFERRED COMPENSATION 75887 PRINCIPAL & INTEREST DUE LENDER 924640 1000527 X 6583732 97564 97564 6486168 0 6486168 6086282 0 6086282 0 6086282 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: COSTEP REGULARLY ASSESSES UNCERTAIN TAX POSITIONS AND ACCOUNTS FOR THE RELATED FINANCIAL STATEMENT IMPLICATIONS. UNRECOGNIZED 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 COSTEP 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. DTG FILES U.S. FEDERAL TAX RETURNS. COSTEP IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. COSTEP'S MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2010. X X 0 0 0 0 0 0 0 0 0 PATRICIA BEARD 199177 0 50000 0 0 0 11487 0 4853 0 265517 0 0 0 FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION CONTEMPORANEOUSLY DOCUMENTS THE MEETINGS HELD OR WRITTEN ACTIONS UNDERTAKEN DURING FOR THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 WILL BE REVIEWED BY KEY OFFICERS AND AFTER APPROVAL FROM THE GOVERNING BODY, FORM WILL BE FILED. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY IS MONITORED BY LEGAL COUNSEL (PRESENT) AT EVERY BOARD MEETING FOR COMPLIANCE. IN ADDITION, THE GOVERNING BODY IS REQUIRED TO SIGN A "RELATED PARTY TRANSACTION DISCLOSURE" ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 COSTEP PERFORMS A FORMAL REVIEW OF ITS EXECUTIVE COMPENSATION AND BENEFITS PACKAGES FOR ITS PRESIDENT, VICE-PRESIDENTS AND KEY EMPLOYEES ON A BIANNUAL BASIS. COSTEP ENGAGES AN OUTSIDE CONSULTANT(S) TO PROVIDE THE BOARD OF DIRECTORS AN INDEPENDENT REVIEW AND COMPARABLE DATA RELATED TO INDUSTRY RELATED EXECUTIVE COMPENSATION AND BENEFIT PACKAGES. IN ADDITION, EXECUTIVE COMPENSATION AND BENEFITS SURVEY RESULTS CONDUCTED AND PROVIDED BY INDEPENDENT INDUSTRY ASSOCIATIONS IS ALSO PROVIDED TO THE BOARD AS ADDITIONAL COMPARATIVE DATA. THE BOARD OF DIRECTORS HOLDS A FORMAL BOARD MEETING TO DELIBERATE, DISCUSS ALL ISSUES THAT WOULD PROVIDE THE BOARD A REBUTTAL PRESUMPTION POSITION FOR EACH PAID OFFICER AND KEY EMPLOYEE AS IT RELATES TO THEIR EXECUTIVE COMPENSATION AND BENEFITS. FORM 990, PART VI, SECTION C, LINE 19 DISCLOSURE AVAILABLE UPON REQUEST ONLY. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: DILIGEN ELIMINATING ENTRIES -74,662. DILIGEN TECHNOLOGIES GROUP INC 200 SOUTH 10TH STREET SUITE 500 MCALLEN TX 78501 273430075 TECHNOLOGY CONSULTING TX COUNCIL FOR SOUTH TEXAS ECONOMIC PROGRESS C 0.90000 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 1 DILIGEN TECHNOLOGIES GROUP INC B COST DILIGEN TECHNOLOGIES GROUP INC O COST DILIGEN TECHNOLOGIES GROUP INC I COST DILIGEN TECHNOLOGIES GROUP INC S 161240 COST (NET ASSETS TRANSFERED FROM DILIGEN TECHNOLOGIES)