Rio Grande Valley Linking Economic And Academic Development Rgv Lead
- Assets
- $128.7k
- Revenue
- $305.4k
- Investments
- $0.0
- Employees
- 5
- Location
- Weslaco, TX
- Founding
- 04/1994
- Data as of
- 08/2022
- EIN
- 74-2691363
Organization Overview
Rio Grande Valley Linking Economic And Academic Development Rgv Lead is located in Weslaco, TX. The organization was established in 1994. According to its NTEE Classification (B30) the organization is classified as: Vocational & Technical Schools, under the broad grouping of Education and related organizations. As of 08/2022, Rio Grande Valley Linking Economic And Academic Development Rgv Lead employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rio Grande Valley Linking Economic And Academic Development Rgv Lead 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 08/2022, Rio Grande Valley Linking Economic And Academic Development Rgv Lead generated $305.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.3%) each year. All expenses for the organization totaled $328.2k during the year ending 08/2022. As we would expect to see with falling revenues, expenses have declined by (5.3%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
RGV LEAD'S PRIMARY EXEMPT PURPOSE IS TO DEVELOP A SKILLED WORKFORCE IN THE RIO GRANDE VALLEY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TEXAS REGIONAL PATHWAYS NETWORK (TRPN) WAS LAUNCHED IN 2019 TO SUPPORT GOVERNOR ABBOTT'S TRI-AGENCY WORKFORCE INITIATIVE, THROUGH WHICH THE TEXAS EDUCATION AGENCY, TEXAS HIGHER EDUCATION COORDINATING BOARD, AND TEXAS WORKFORCE COMMISSION ARE WORKING COLLABORATIVELY TO INCREASE ECONOMIC PROSPERITY IN TEXAS BY LINKING EDUCATION AND INDUSTRY. WITH A VISION THAT ALL TEXANS ARE PREPARED TO CONTRIBUTE TO AN INCLUSIVE AND COMPETITIVE TEXAS ECONOMY, THE TRPN AIMS TO BUILD REGIONAL TALENT PIPELINES THAT SPUR ECONOMIC GROWTH ACROSS THE STATE AND ENSURE THAT ALL TEXANS HAVE THE SKILLS AND CREDENTIALS NEEDED FOR ECONOMIC ADVANCEMENT. THE TRPN IS A GROWING COMMUNITY OF REGIONS ACROSS THE STATE WORKING TO DEVELOP, REFINE, AND SCALE HIGH-QUALITY CAREER AND EDUCATION PATHWAYS. THROUGH THE NETWORK, GRANTEES CAN SHARE KNOWLEDGE AND BEST PRACTICES, MAKE STRATEGIC CONNECTIONS AND BUILD INTENTIONAL PARTNERSHIPS ACROSS REGIONS IN SERVICE OF THEIR GOALS. RGV LEAD SERVES AS THE INTERMEDIARY FOR 3 COHORTS SERVING: LA FERIA, RIO HONDO, SANTA ROSA, SAN ISIDRO, LASARA, SAN PERLITA, VANGUARD ACADEMY, DONNA AND RAYMONDVILLE. WE BRING TOGETHER SCHOOL LEADERSHIPS, EDUCATORS, WORKFORCE BOARDS, HIGHER EDUCATION INSTITUTIONS, AND EMPLOYERS TO BRING REAL CHANGE TO THE SCHOOL AND LOCAL AREA. SOME AREAS OF STUDY INCLUDE WELDING, WIND ENERGY, COMMUNICATIONS, AND HEALTH CARE--THESE AREAS OF STUDY FALL IN THE HIGH-DEMAND OCCUPATION OF THE SOUTH TEXAS REGION.
MISCELLANEOUS LOCAL EXPENDITURES ARE REQUIRED FOR WORKSHOPS AND LUNCHES TO GAIN SUPPORT FOR AND PARTICIPATION IN THE VARIOUS PROJECTS AND PROGRAMS. THE WORKFORCE SOLUTIONS AGREEMENT IS A COLLABORATIVE PROJECT IN WHICH THE LOWER RIO GRANDE VALLEY WORKFORCE DEVELOPMENT BOARD D.B.A. WORKFORCE SOLUTIONS ENTERED INTO A CONTRACT WITH RGV LEAD TO ASSIST WITH MANAGEMENT OF SUMMER EDUCATOR EXTERNSHIPS. RGV LEAD WORKS WITH WORKFORCE SOLUTIONS, MULTIPLE SCHOOL DISTRICTS, AND OTHER PARTNERS TO ESTABLISH AND/OR ENHANCE EXISTING CAREER ACADEMIES ALIGNED WITH HOUSE BILL 5 REQUIREMENTS BY RECRUITING, TRAINING, AND SUPPORTING TEACHER EXTERNSHIPS. RGV LEAD SERVES AS A LIAISON TO SCHOOL DISTRICTS AND AS EXTERNSHIP PROJECT COORDINATOR UNDER THE TERMS OF THE CONTRACT. THE PROJECT IS ALIGNED WITH THE ACADEMIC LEADERSHIP ALLIANCE SUMMER EDUCATOR EXTERNSHIPS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lizzy DE La Garza Putegnat President | OfficerTrustee | 1 | $0 |
Maricela DE Leon Vice President | OfficerTrustee | 1 | $0 |
Adriana Sarmiento Treasurer | OfficerTrustee | 1 | $0 |
Naomi Perales Past President | Trustee | 1 | $0 |
Esmeralda Adame MBA Edd Director | Trustee | 1 | $0 |
Theresa A Capistran Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $35,125 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,750 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $39,875 |
| Total Program Service Revenue | $227,908 |
| Investment income | $427 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $37,087 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $305,379 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,000 |
| Grants and other assistance to domestic individuals. | $7,750 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $69,996 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $103,419 |
| Pension plan accruals and contributions | $3,351 |
| Other employee benefits | $0 |
| Payroll taxes | $10,417 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,879 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $42,468 |
| Advertising and promotion | $0 |
| Office expenses | $6,865 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,000 |
| Travel | $3,303 |
| 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 | $352 |
| Insurance | $2,281 |
| All other expenses | $40,093 |
| Total functional expenses | $328,174 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $128,615 |
| 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 | $106 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $128,721 |
| Accounts payable and accrued expenses | $540 |
| 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 | $540 |
| Net assets without donor restrictions | $128,181 |
| 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 | $128,721 |