Council On Regional Economic Expansion And Educational Dev Co
- Assets
- $8.6m
- Revenue
- $173.2k
- Investments
- $0.0
- Employees
- 6
- Location
- El Paso, TX
- Founding
- 07/2014
- Data as of
- 12/2021
- EIN
- 46-3444371
Organization Overview
Council On Regional Economic Expansion And Educational Dev Co is located in El Paso, TX. The organization was established in 2014. According to its NTEE Classification (I44) the organization is classified as: Prison Alternatives, under the broad grouping of Crime & Legal-Related and related organizations. As of 12/2021, Council On Regional Economic Expansion And Educational Dev Co employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Council On Regional Economic Expansion And Educational Dev Co is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Council On Regional Economic Expansion And Educational Dev Co generated $173.2k in total revenue. All expenses for the organization totaled $1.2m during the year ending 12/2021. While expenses have increased by 36.4% per year over the past 7 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 2016, Council On Regional Economic Expansion And Educational Dev Co has awarded 30 individual grants totaling $2,087,043. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO FACILITATE THE FORMATION AND DEVELOPMENT OF A STRATEGICALLY SUSTAINABLEHIGHLY SKILLED REGIONAL WORKFORCE WITH EMPHASIS ON HISPANIC DEMOGRAPHIC ANDECONOMY CAPABLE OF MEETING MARKET DEMAND AND COMPETITION FOR THE GREATERPASO DEL NORTE REGION IN SOUTHWEST TEXAS, SOUTHERN NEW MEXICO, AND THEADJACENT INTERNATIONAL BOUNDARY WITH MEXICO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING QUALITY EDUCATION FOR ALL CHILDREN BUT WITH SPECIFIC FOCUS ON THEHISPANIC DEMOGRAPHIC WHICH, IN SPITE OF ITS SIZE AND GROWTH, COLLECTIVELYUNDERPERFORMS IN TERMS OF EDUCATIONAL ATTAINMENT, AND GIVEN ITS SIZE ANDGROWTH WILL BECOME THE MAJORITY DEMOGRAPHIC IN TEXAS WITH SIGNIFICANTIMPLICATIONS TO THE TEXAS ECONOMY AND ITS WORKFORCE SKILLS, THROUGH GRANTSTO OTHER ORGANIZATIONS. SEE SCHEDULE I FOR GRANTS AWARDED IN FURTHERANCE OF THE MISSION OF CREEED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eduardo Rodriguez Ed/sec/tr | Officer | 40 | $199,787 |
Amy O'rourke Director | Trustee | 35 | $81,591 |
Manuel Soto Jr Data Director | Trustee | 30 | $71,072 |
Woody L Hunt Vice Chair | OfficerTrustee | 6 | $0 |
Richard Castro Chairman | OfficerTrustee | 10 | $0 |
Raymond Palacios Director | Trustee | 6 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $72,889 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $100,300 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $173,189 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $173,189 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $256,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $352,450 |
| Compensation of current officers, directors, key employees. | $256,431 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $64,323 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $28,741 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $736 |
| Fees for services: Accounting | $8,530 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $471,018 |
| Advertising and promotion | $0 |
| Office expenses | $454 |
| Information technology | $9,799 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $534 |
| 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 | $816 |
| All other expenses | $0 |
| Total functional expenses | $1,198,342 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $197,640 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $8,427,608 |
| Accounts receivable, net | $877 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,626,125 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $248,000 |
| 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 | $248,000 |
| Net assets without donor restrictions | $21,066 |
| Net assets with donor restrictions | $8,357,059 |
| 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 | $8,626,125 |
Grants Awarded
Over the last fiscal year, Council On Regional Economic Expansion And Educational Dev Co has awarded $256,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
El Paso, TX PURPOSE: SCHOOL PROGRAM & BUILDING EXPANSION | $150,000 |
El Paso, TX PURPOSE: CAREER AND TECHNOLOGY | $100,000 |
ANTHONY ISD PURPOSE: ACT SCHOLARSHIP | $6,000 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Council On Regional Economic Expansion And Educational Dev Co has recieved totaling $967,805.
| Awarding Organization | Amount |
|---|---|
The Hunt Family Foundation El Paso, TX PURPOSE: EXPENDITURE RESPONSIBILITY | $86,021 |
The Hunt Family Foundation El Paso, TX PURPOSE: EXPENDITURE RESPONSIBILITY | $82,038 |
The Hunt Family Foundation El Paso, TX PURPOSE: EXPENDITURE RESPONSIBILITY | $76,221 |
The Hunt Family Foundation El Paso, TX PURPOSE: EXPENDITURE RESPONSIBILITY | $74,765 |
The Hunt Family Foundation El Paso, TX PURPOSE: EXPENDITURE RESPONSIBILITY | $74,269 |
The Hunt Family Foundation El Paso, TX PURPOSE: EXPENDITURE RESPONSIBILITY | $74,179 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas Serenity Academy Houston, TX | $2,023,938 | $7,944,299 |
Georgetown Healthcare Community Services Inc Georgetown, TX | $10,463,436 | $2,567,148 |
Remerge Of Ok County Inc Oklahoma City, OK | $9,509,584 | $1,950,806 |
Innovative Alternatives Inc Houston, TX | $847,050 | $2,303,168 |
Specialized Outpatient Services Inc Oklahoma City, OK | $762,087 | $1,361,897 |
Council On Regional Economic Expansion And Educational Dev Co El Paso, TX | $8,626,125 | $173,189 |
Securus Richard A Smith Foundation Addison, TX | $49,125 | $1,070,357 |
Crossroads Foundation Inc Slidell, LA | $5,795,334 | $123,440 |
Truth Be Told Austin, TX | $263,536 | $315,480 |
Baton Rouge Comtransition & Treat Ctr Baton Rouge, LA | $0 | $690 |
Inside Books Project Austin, TX | $191,576 | $0 |
Gettin Home Cherokee, OK | $3,271 | $0 |