Form 990 for tax year 2022
Filed by THE LAREDO AREA COMMUNITY FOUNDATION.
Totals
- Total revenue
- $1,353,166
- Total expenses
- $917,347
- Contributions and grants received
- $948,502
- Grants paid
- $577,414
- Program service revenue
- $0
- Investment income
- $400,574
- Other revenue
- $4,090
- Total assets, end of year
- $15,194,862
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $15,194,862
- Program services expenses (Part IX)
- $818,955
- Management and general expenses
- $98,392
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $818,955
Program services were 89.3% 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.
-
1c · Fundraising events
$700
-
1f · All other contributions, gifts and grants
$947,802
-
3 · Investment income
total $399,471 · related or exempt $399,471
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $4,837,054
-
7b · Less cost or other basis and sales expenses
securities $4,835,951
-
7c · Gain or loss
securities $1,103
-
7d · Net gain or loss
total $1,103 · related or exempt $1,103
-
8a · Fundraising events: gross income
$6,080
-
8a · Fundraising events: contributions included on line 1c
$700
-
8b · Fundraising events: direct expenses
$1,990
-
8c · Net income from fundraising events
total $4,090
-
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 $577,414 · program services $577,414
-
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 $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $47,042 · management and general $47,042
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $600 · management and general $600
-
10 · Payroll taxes
total $3,602 · management and general $3,602
-
11a · Fees: management
total $122,389 · program services $122,389
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $14,300 · management and general $14,300
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $119,152 · program services $119,152
-
11g · Fees: other
total $2,175 · management and general $2,175
-
12 · Advertising and promotion
total $825 · management and general $825
-
13 · Office expenses
total $2,535 · management and general $2,535
-
14 · Information technology
total $691 · management and general $691
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $289 · management and general $289
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $1,402 · management and general $1,402
-
23 · Insurance
total $17,656 · management and general $17,656
-
24a · Other expenses: Software Expenses
total $1,803 · management and general $1,803
-
24b · Other expenses: Computer Services
total $1,646 · management and general $1,646
-
24c · Other expenses: Printing and Publications
total $1,595 · management and general $1,595
-
24d · Other expenses: Postage and Shipping
total $1,177 · management and general $1,177
-
24e · All other expenses
total $1,054 · management and general $1,054
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $66,147 · end of year $177,461
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $0
-
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
-
10a · Land, buildings and equipment: cost or other basis
$9,024
-
10b · Land, buildings and equipment: accumulated depreciation
$7,569
-
10c · Land, buildings and equipment, net
beginning of year $2,857 · end of year $1,455
-
11 · Investments: publicly traded securities
beginning of year $17,181,708 · end of year $15,015,946
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
27 · Net assets without donor restrictions
beginning of year $933,161 · end of year $820,976
-
28 · Net assets with donor restrictions
beginning of year $16,317,551 · end of year $14,373,886
Mission and programs · 2022
Mission
To inspire by generosity and empower by a legacy of giving, the Laredo Area Community Foundation provides for the philanthropic needs of Laredo and surrounding communities.
-
The Laredo Area Community Foundation manages funds contributed by citizens, Business entities, Non-profit organizations and public agencies to benefit Laredo and South Texas. Revenues are from contributions, investments and fund raising. The individual funds (Donor Advised Funds and Permanent Endowment Funds) make charitable qualified grants as specified in their governing instruments. Grants are used in the areas of: Arts, Education, Environment, Health, Religious and Social Services.
Expenses $818,955 · Grants $577,414 · Revenue $1,353,166
As filed on the 2022 return.
Listed in Part VII
-
Keith W Franklin
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Nancy De Anda
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Ricardo E Morales
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Maria Candelaria Uribe Hein
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Matias De Llano III
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Jeremy Peters
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Dr Pablo Arenaz
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Elizabeth R Sames
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
William B Green
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Larry Norton
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Mario Rullan
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Gerry Salinas
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Jennifer Beckelhymer
Secretary
- Total calculated
- $0
- Hours/week
- 0.5
-
Juan C Caballero
Treasurer
- Total calculated
- $0
- Hours/week
- 0.5
-
Christine H Cerda
President
- Total calculated
- $0
- Hours/week
- 0.5
-
Alexandra C Solis
Vice President
- Total calculated
- $0
- Hours/week
- 0.5
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.
Grants on this return
-
Texas A&M International Unive
$118,879
Scholarships
-
$50,000
Operating Expenses
-
$45,572
Operating Expenses
-
$33,384
Operating Expenses
-
Laredo Community College
$28,877
Scholarships
-
$20,000
Operating Expenses
-
St Francis Cabrini Church
$17,000
Operating Expenses
-
Texas A&M University
$16,000
Scholarships
-
$14,400
Operating Expenses
-
$13,180
Operating Expenses
The 10 largest by cash amount. The API serves every itemized grant.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202323199349309922
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.