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← COUNCIL ON REGIONAL ECONOMIC EXPANSION & EDUCATIONAL DEV FOUNDA

Form 990 for tax year 2023

Filed by COUNCIL ON REGIONAL ECONOMIC EXPANSION & EDUCATIONAL DEV FOUNDA.

Totals

Total revenue
$590,373
Total expenses
$493,312
Contributions and grants received
$590,373
Grants paid
$482,134
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$3,608,859
Total liabilities, end of year
$4,665,563
Net assets or fund balances, end of year
-$1,056,704
Program services expenses (Part IX)
$493,207
Management and general expenses
$105
Fundraising expenses
$0
Program service expenses (Part III)
$493,207

Program services were 100.0% 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.

  • 1f · All other contributions, gifts and grants

    $590,373

  • 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 $482,134 · program services $482,134

  • 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 $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $105 · management and general $105

  • 14 · Information technology

    total $0

  • 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 $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $0

  • 24a · Other expenses: SPONSORSHIPS

    total $11,073 · program services $11,073

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,007,210 · end of year $1,205,699

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    beginning of year $2,689,588 · end of year $2,403,160

  • 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 $0

  • 15 · Other assets

    end of year $0

  • 18 · Grants payable

    beginning of year $4,850,563 · end of year $4,665,563

  • 27 · Net assets without donor restrictions

    beginning of year -$1,153,765 · end of year -$1,056,704

Mission and programs · 2023

Mission

LEAD EFFORTS TO IDENTIFY AND SUPPORT INITIATIVES THAT IMPROVE COLLEGE READINESS AND ENSURE MORE STUDENTS GRADUATE WITH A COLLEGE DEGREE OR CERTIFICATION. PARTNER WITH EDUCATION LEADERS, FUNDERS, AND REGIONAL, STATE, AND NATIONAL ORGANIZATIONS TO DEVELOP THE NEXT GENERATION EDUCATIONAL SYSTEM FOR EL PASO.

  • PROVIDE INITIAL STARTUP COSTS AND EXPENSES ASSOCIATED WITH THE EXPANSION OF THE IDEA PUBLIC SCHOOLS SYSTEM IN EL PASO, TX, AIDING IN FORMATION, RECRUITMENT OF TEACHERS, AND AFFILIATED ORGANIZING EXPENSES. 2017 GRANT IN THE AMOUNT OF $6,812,400 WILL BE PAID OUT OVER SEVEN YEARS, POTENTIALLY AIDING IN OPENING 20 SCHOOLS WITH PROJECTED ENFORLLMENT OF 14,000 STUDENTS BY 2023. THE TOTAL PAID THROUGH 2023 IS $4,123,265. PAID $375,000 OF $2.25 GRANT TO HARMONY PUBLIC SCHOOLS FOR EXPANSION IN EL PASO, BRINGING TOTAL PAID TO $750,000. PROVIDED $62,134 IN SUPPORT OF PARENT ENGAGEMENT/KNOWLEDGE INITIATIVES. GENERATED SUPPORT FOR ADDITIONAL AND TARGETED SCHOLARSHIP PROGRAMS FOCUSED ON SPECIFIC CAREER DEVELOPMENT OPPORTUNITIES, AS IN THE CASE OF ATTRACTING MORE HIGH PERFORMING STUDENTS TO THE TEACHING PROFESSION, AS WELL AS CONTINUING TO ENCOURAGE STUDENTS, ALSO THROUGH SCHOLARSHIP AWARDS, TO PURSUE A BACHELORS DEGREE IN AN IN DEMAND OCCUPATION OR CAREER. ALSO, THROUGH A STIPEND SUPPORT PROGRAM, ENGAGE TEACHERS DURING THE SUMMER MONTHS WITH EMPLOYERS TO EXPOSE BOTH TEACHERS AND EMPLOYERS TO THE REQUIREMENTS OF THE EMPLOYER, IN TERMS OF SKILLS, AND THE MEANS THAT TEACHING THOSE SKILLS CAN BE ENHANCED IN THE CLASSROOM AND THROUGH THE CURRICULUM. THROUGH VARIOUS SPONSORSHIPS, THE EFFORT HAS BEEN TO BRING ATTENTION TO EXPANDING OPPORTUNITIES IN VARIOUS FIELDS FOR ALL UNDERREPRESENTED STUDENTS INCLUDING YOUNG WOMEN.

    Expenses $493,207

As filed on the 2023 return.

Listed in Part VII

  • EDUARDO RODRIGUEZ

    EXEC DIR/SEC/TR

    Total calculated
    $199,517
    From this org
    $0
    From related orgs
    $199,517
    Other
    $0
    Hours/week
    10 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $199,517 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $199,517 related

  • NADIA TELLEZ

    CHOOSE TO EXCEL DI

    Total calculated
    $131,181
    From this org
    $0
    From related orgs
    $131,181
    Other
    $0
    Hours/week
    10 + 40 related

  • MANUEL SOTO JR

    Director

    Total calculated
    $74,830
    From this org
    $0
    From related orgs
    $74,830
    Other
    $0
    Hours/week
    8 + 30 related

  • RICHARD CASTRO

    Chairman

    Total calculated
    $0
    Hours/week
    2 + 3 related

  • WOODY HUNT

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • JOE CARDENAS

    Director

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • DAN OLIVAS

    Director

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • CARMEN PEREZ

    Director

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • EDWARD ESCUDERO

    Director

    Total calculated
    $0
    Hours/week
    2 + 2 related

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
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
11 November 2024
IRS schema version
2023v5.1
Source object
202423169349304087

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