Rio-South Texas Education And Community Development Fdn Inc
- Assets
- $43.6m
- Revenue
- $12.4m
- Investments
- $43.0m
- Employees
- 0
- Location
- Mission, TX
- Founding
- Data as of
- 11/2021
- EIN
- 23-7393210
Organization Overview
Rio-South Texas Education And Community Development Fdn Inc is located in Mission, TX. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rio-South Texas Education And Community Development Fdn Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 11/2021, Rio-South Texas Education And Community Development Fdn Inc generated $12.4m in total revenue. All expenses for the organization totaled $2.9m during the year ending 11/2021. While expenses have increased by 41.5% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Rio-South Texas Education And Community Development Fdn Inc has awarded 13 individual grants totaling $2,272,551. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ms Patricia A Beard Chief Executive Officer | 20 | $111,947 | |
Mr Adam Gonzalez Sr. Vice President | 20 | $83,287 | |
Ms Mari Mann-Silva Vice President | 20 | $73,333 | |
Ms Mary Hernandez Vice President | 20 | $61,163 | |
Mr James E Moore Chair | 1 | $0 | |
Dr Miguel Nevarez Vice Chair | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Council For South Texas Economic Progress Inc | 11/29/20 | $500,547 |
Bbva Asset Management | 11/29/20 | $224,497 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $600,443 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,766,723 |
| Capital Gain Net Income | $11,766,723 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $12,367,166 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $329,730 |
| Other employee salaries and wages | $77,800 |
| Pension plans, employee benefits | $62,473 |
| Interest | $0 |
| Taxes | $195,922 |
| Depreciation | $0 |
| Occupancy | $10,412 |
| Travel, conferences, and meetings | $5,692 |
| Printing and publications | $0 |
| Other expenses | $57,199 |
| Total operating and administrative expenses | $890,883 |
| Contributions, gifts, grants paid | $1,998,311 |
| Total expenses and disbursements | $2,889,194 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $661,135 |
| Net Accounts receivable | $50 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $10,319 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $43,626,836 |
| Accounts payable and accrued expenses | $53,244 |
| Grants payable | $562,500 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $178,142 |
| Total liabilities | $793,886 |
Grants Awarded
Over the last fiscal year, Rio-South Texas Education And Community Development Fdn Inc has awarded $2,084,710 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
TEXAS A&M INTERNATIONAL UNIVERSITY PURPOSE: ENDOWED PROFESSORSHIP IN COMPUTER ENGINEERING AND ENDOWMENT FOR SCHOLARSHIPS FOR COMPUTER ENGINEERING | $750,000 |
THE UNIVERSITY OF TEXAS-RIO GRANDE VALLEY PURPOSE: RIO-SOUTH TEXAS EDUCATION AND COMMUNITY DEVELOPMENT FOUNDATION ENDOWED SCHOLARSHIP | $500,000 |
Mcallen, TX PURPOSE: GRANTS FOR THE ADVANCED ROBOTICS INDUSTRIAL AUTOMATION PROGRAM, DESTINATION GRADUATION, POSTSECONDARY CAREER PATHWAYS IN HEALTHCARE, INFORMATION TECHNOLOGY, AND MANUFACTURING PROGRAM | $386,960 |
THE TSTC FOUNDATION PURPOSE: GOAL LINE ASSISTANCE AND BIOMEDICAL EQUIPMENT TECHNOLOGY | $310,250 |
Laredo, TX PURPOSE: GET TO THE FINISH LINE | $62,500 |
Laredo, TX PURPOSE: IMAGINE TUTORS | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Louisiana Achievement Charter Academies Inc Baton Rouge, LA | $3,478,598 | $15,099,695 |
New Schools For New Orleans Inc New Orleans, LA | $13,416,454 | $13,527,972 |
Texas Childrens Womens Specialists Houston, TX | $84,810,627 | $8,522,353 |
Child Care Plus Training & Development Center Inc Montgomery, TX | $1,071,793 | $6,895,362 |
Naca-Inspired Schools Network Albuquerque, NM | $4,333,179 | $4,644,398 |
Unizin Ltd Austin, TX | $2,802,799 | $4,764,216 |
Sss Education Foundation Mesquite, TX | $79,366,180 | $3,445,001 |
Carruth Center Inc Houston, TX | $315,119 | $4,215,286 |
E-Stem Public Charter Schools Inc Little Rock, AR | $15,935,823 | $3,314,304 |
Texas Association For The Education Of Young Children Austin, TX | $635,523 | $2,896,226 |
Pencil Box Inc Tulsa, OK | $4,507,396 | $4,826,837 |
Rio-South Texas Education And Community Development Fdn Inc Mission, TX | $43,626,836 | $12,367,166 |