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← COUNCIL ON REGIONAL ECONOMIC EXPANSION AND EDUCATIONAL DEV CO

Form 990 for tax year 2024

Filed by COUNCIL ON REGIONAL ECONOMIC EXPANSION AND EDUCATIONAL DEV CO.

Totals

Total revenue
$893,327
Total expenses
$1,538,488
Contributions and grants received
$893,327
Grants paid
$100,000
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$295,505
Total liabilities, end of year
$123,000
Net assets or fund balances, end of year
$172,505
Program services expenses (Part IX)
$920,511
Management and general expenses
$617,977
Fundraising expenses
$0
Program service expenses (Part III)
$920,511

Program services were 59.8% 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

    $2,682

  • 1f · All other contributions, gifts and grants

    $890,645

  • 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 $100,000 · program services $100,000

  • 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 $280,684 · program services $47,975 · management and general $232,709

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $224,333 · program services $210,558 · management and general $13,775

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $37,003 · program services $17,428 · management and general $19,575

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $10,770 · management and general $10,770

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $630,696 · program services $368,638 · management and general $262,058

  • 12 · Advertising and promotion

    total $60,639 · management and general $60,639

  • 13 · Office expenses

    total $2,334 · management and general $2,334

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $725 · management and general $725

  • 17 · Travel

    total $10,623 · management and general $10,623

  • 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 $15,768 · program services $12,592 · management and general $3,176

  • 23 · Insurance

    total $816 · program services $653 · management and general $163

  • 24a · Other expenses: PARENT ENGAGEMENT

    total $60,345 · program services $60,345

  • 24b · Other expenses: SPONSORSHIPS

    total $39,050 · program services $39,050

  • 24c · Other expenses: SCHOLARSHIPS

    total $34,000 · program services $34,000

  • 24d · Other expenses: STATE ADVOCACY

    total $17,748 · program services $17,748

  • 24e · All other expenses

    total $12,954 · program services $11,524 · management and general $1,430

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $123,138 · end of year $139,284

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $6,050,153 · end of year $0

  • 4 · Accounts receivable

    beginning of year $615 · 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

  • 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

    beginning of year $2,778 · end of year $156,221

  • 15 · Other assets

    beginning of year $121,218 · end of year $0

  • 18 · Grants payable

    beginning of year $273,000 · end of year $123,000

  • 27 · Net assets without donor restrictions

    beginning of year $20,555 · end of year $19,604

  • 28 · Net assets with donor restrictions

    beginning of year $6,004,347 · end of year $152,901

Mission and programs · 2024

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. IN 2024 CREEED CORPORATION CELEBRATED THE 10TH YEAR OF ITS SUPPORT FOR QUALITY PUBLIC EDUCATION THROUGH THE VARIOUS INITIATIVES AND PROGRAMS, FUNDED BY ITS PHILANTHROPY THROUGH DIRECT FUNDING OR BY MEANS OF THE CREEED FOUNDATION BUT ALSO IN CONVENING AN EDUCATION SUMMIT OF EDUCATION LEADERSHIP AT THE K-12 LEVEL TO HIGHLIGHT PROGRAMS AND ACTIONS THAT HAVE RESULTED IN ELEVATING THE GRADE LEVEL PREPARATION FOR STUDENTS IN EL PASO COUNTY PUBLIC SCHOOLS, REFLECTING THE POTENTIAL OF A HIGHER PERCENTAGE OF STUDENTS COMPLETING POST-SECONDARY EDUCATION ON A TIMELY BASIS, WITHOUT THE NEED FOR REMEDIATION. THE PERCENTAGE INCREASE REFLECTS THAT THE EFFORTS ARE PRODUCING BETTER RESULTS AND ELEVATING THE PERCENTAGE OF STUDENTS AT GRADE LEVEL ACADEMIC ATTAINMENT.

    Expenses $920,511 · Grants $100,000

As filed on the 2024 return.

Listed in Part VII

  • Eduardo Rodriguez

    ED/SEC/TR

    Total calculated
    $199,063
    From this org
    $199,063
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 10 related

    Schedule J breakdown matched by us

    Base
    $199,063
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $199,063

  • Nadia Tellez

    CHOOSE TO EXCEL DI

    Total calculated
    $137,751
    From this org
    $137,751
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 10 related

  • Manuel Soto Jr

    DATA DIRECTOR

    Total calculated
    $81,620
    From this org
    $81,620
    From related orgs
    $0
    Other
    $0
    Hours/week
    30 + 8 related

  • Richard Castro

    Chairman

    Total calculated
    $0
    Hours/week
    3 + 2 related

  • Woody L Hunt

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Raymond Palacios

    Director

    Total calculated
    $0
    Hours/week
    2

  • Dan Olivas

    Director

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Edward Escudero

    Director

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Henry Gallardo

    Director

    Total calculated
    $0
    Hours/week
    2

  • Joe Cardenas

    Director

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • Duane Murphy

    Director

    Total calculated
    $0
    Hours/week
    2

  • Carmen Perez

    Director

    Total calculated
    $0
    Hours/week
    2

  • Oscar Venegas

    Director

    Total calculated
    $0
    Hours/week
    2

  • Ruben Chavez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • David Granados

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Renee Jimenez

    Director

    Total calculated
    $0
    Hours/week
    2

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

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
2024
Filed
11 November 2025
IRS schema version
2024v5.2
Source object
202533159349306208

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