Form 990 for tax year 2022
Filed by COUNCIL ON REGIONAL ECONOMIC EXPANSION AND EDUCATIONAL DEV CO.
Totals
- Total revenue
- $289,897
- Total expenses
- $1,303,407
- Contributions and grants received
- $289,897
- Grants paid
- $53,000
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $7,495,157
- Total liabilities, end of year
- $130,542
- Net assets or fund balances, end of year
- $7,364,615
- Program services expenses (Part IX)
- $764,684
- Management and general expenses
- $538,723
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $764,684
Program services were 58.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1d · Related organizations
$164,597
-
1f · All other contributions, gifts and grants
$125,300
-
3 · Investment income
total $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $53,000 · program services $53,000
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $318,075 · program services $89,789 · management and general $228,286
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $117,694 · program services $103,642 · management and general $14,052
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $30,494 · program services $14,362 · management and general $16,132
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $11,660 · management and general $11,660
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $693,949 · program services $444,608 · management and general $249,341
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $1,499 · management and general $1,499
-
14 · Information technology
total $63,895 · program services $51,117 · management and general $12,778
-
15 · Royalties
total $0
-
16 · Occupancy
total $600 · management and general $600
-
17 · Travel
total $4,100 · management and general $4,100
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $556 · program services $444 · management and general $112
-
23 · Insurance
total $816 · program services $653 · management and general $163
-
24a · Other expenses: SPONSORSHIPS
total $5,210 · program services $5,210
-
24b · Other expenses: MEALS
total $1,859 · program services $1,859
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $197,640 · end of year $183,004
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
beginning of year $8,427,608 · end of year $7,306,999
-
4 · Accounts receivable
beginning of year $877 · end of year $710
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $4,444
-
15 · Other assets
end of year $0
-
17 · Accounts payable and accrued expenses
end of year $42
-
18 · Grants payable
beginning of year $248,000 · end of year $130,500
-
27 · Net assets without donor restrictions
beginning of year $21,066 · end of year $20,555
-
28 · Net assets with donor restrictions
beginning of year $8,357,059 · end of year $7,344,060
Mission and programs · 2022
Mission
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.
-
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.
Expenses $764,684 · Grants $53,000
As filed on the 2022 return.
Listed in Part VII
-
Eduardo RodriguezEDUARDO RODRIGUEZ
ED/SEC/TR
- Total calculated
- $199,601
- From this org
- $199,601
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40 + 10 related
Schedule J breakdown matched by us
- Base
- $199,601
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $199,601
-
Manuel Soto JrMANUEL SOTO JR
DATA DIRECTOR
- Total calculated
- $70,947
- From this org
- $70,947
- From related orgs
- $0
- Other
- $0
- Hours/week
- 30 + 8 related
-
Amy O'Rourke Res 6-22AMY O'ROURKE RES 6-22
Director
- Total calculated
- $47,527
- From this org
- $47,527
- From related orgs
- $0
- Other
- $0
- Hours/week
- 35 + 8 related
-
Richard CastroRICHARD CASTRO
Chairman
- Total calculated
- $0
- Hours/week
- 10 + 6 related
-
Woody L HuntWOODY L HUNT
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 6 + 6 related
-
Raymond PalaciosRAYMOND PALACIOS
Director
- Total calculated
- $0
- Hours/week
- 6 + 6 related
-
Dan OlivasDAN OLIVAS
Director
- Total calculated
- $0
- Hours/week
- 6 + 6 related
-
Edward EscuderoEDWARD ESCUDERO
Director
- Total calculated
- $0
- Hours/week
- 6 + 6 related
-
Henry GallardoHENRY GALLARDO
Director
- Total calculated
- $0
- Hours/week
- 6
-
Joe CardenasJOE CARDENAS
Director
- Total calculated
- $0
- Hours/week
- 6 + 4 related
-
Duane MurphyDUANE MURPHY
Director
- Total calculated
- $0
- Hours/week
- 6
-
Carmen PerezCARMEN PEREZ
Director
- Total calculated
- $0
- Hours/week
- 6 + 6 related
-
Nicholas TejedaNICHOLAS TEJEDA
Director
- Total calculated
- $0
- Hours/week
- 6
-
Sylvia HoppSYLVIA HOPP
Director
- Total calculated
- $0
- Hours/week
- 2
-
Ruben ChavezRUBEN CHAVEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 6
-
David GranadoDAVID GRANADO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 6
-
Renee JimenezRENEE JIMENEZ
Director
- Total calculated
- $0
- Hours/week
- 3
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
$30,000
JOURNALISM FOCUS ON PUBLIC ED ISSUE
-
EL PASO ISD
$23,000
HARVARD COURSE FEE
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(c)(3) · SUPPORT EDUCATION INITIATIVES · TX
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 10 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202303179349306575
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