The Laredo Diploma Plus Foundation Inc
- Assets
- $282.4k
- Revenue
- $65.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Laredo, TX
- Founding
- 06/2009
- Data as of
- 06/2021
- EIN
- 26-4431679
Organization Overview
The Laredo Diploma Plus Foundation Inc is located in Laredo, TX. The organization was established in 2009. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Laredo Diploma Plus Foundation 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 06/2021, Laredo Diploma Plus Foundation Inc generated $65.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $46.3k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT AND EXPAND EDUCATIONAL OPPORTUNITIES TO LOW INCOME RESIDENTS OF WEBB COUNTY ESPECIALLY AT-RISK HIGH SCHOOL SENIORS IN AN EFFORT TO PREVENT SCHOOL DROPOUTS; AND TO PROVIDE CHARITABLE SUPPORT TO ORGANIZATIONS AND INDIVIDUALS IN ORDER TO ENHANCE THEIR QUALITY OF LIFE ESPECIALLY IN LAREDO, TEXAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE DIPLOMA PLUS PROGRAM IS A DROPOUT PREVENTION PROGRAM THAT IDENTIFIES AND AWARDS STIPENDS TO ELIGIBLE STUDENTS WHO ARE AT RISK OF NOT FINISHING HIGH SCHOOL. THIS FISCAL YEAR THERE WERE 67 RECIPIENTS. HIGH SCHOOL COUNSELORS FROM LOCAL PUBLIC SCHOOLS REPORT THE STUDENTS' GRADES AND ATTENDANCE ON A QUARTERLY BASIS. THE MONITORING AND FOLLOW-UP OF THE STUDENTS' PROGRESS IS CHECKED CAREFULLY AND ONLY ELIGIBLE SENIORS ARE AWARDED THE STIPENDS. SUCCESS IS MEASURED BY THE NUMBER OF PROGRAM STUDENTS GRADUATING FROM HIGH SCHOOL WITH A DIPLOMA. SUCCESS RATE EXCEEDS 97.5% WITH NO MORE THAN ONE DROPOUT STUDENT PER GROUP/YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rosario DE Leon Director | OfficerTrustee | 10 | $0 |
Cecilia Garza Secretary | OfficerTrustee | 20 | $0 |
Michael Landeck President | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $61,205 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $61,205 |
| Total Program Service Revenue | $0 |
| Investment income | $3,917 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $65,122 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $43,300 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $977 |
| All other expenses | $12 |
| Total functional expenses | $46,340 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $107,477 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $174,944 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $282,421 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $282,421 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $282,421 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Laredo Diploma Plus Foundation Inc has recieved totaling $24,000.
| Awarding Organization | Amount |
|---|---|
Lamar Bruni Vergara Trust Laredo, TX PURPOSE: EDUCATIONAL | $24,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Foundation Of North Louisiana Shreveport, LA | $154,534,783 | $16,289,106 |
Albuquerque Community Foundation Albuquerque, NM | $124,587,657 | $15,721,383 |
Wichita Falls Area Community Foundation Wichita Falls, TX | $80,507,148 | $8,576,098 |
Waco Foundation Waco, TX | $115,989,579 | $8,908,496 |
The Community Foundation Of The Texas Hill Country Inc Kerrville, TX | $41,950,471 | $11,850,812 |
New Mexico Community Foundation Santa Fe, NM | $33,737,361 | $8,575,952 |
Community Foundation Of West Texas Lubbock, TX | $69,554,926 | $8,377,445 |
Notley Fund Austin, TX | $2,525,162 | $4,464,040 |
Enid Community Foundation For Excellence Enid, OK | $32,321,752 | $9,292,511 |
Greater Round Rock Community Foundation Inc Round Rock, TX | $23,024,574 | $5,650,197 |
Central Louisiana Community Foundation Alexandria, LA | $32,032,595 | $10,012,051 |
Northeast Texas Community College Foundation Mt Pleasant, TX | $9,750,515 | $4,394,098 |