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← STRUCTURED EMPLOYMENT ECONOMIC DEVELOPMENT CORPORATION

Form 990 for tax year 2022

Filed by STRUCTURED EMPLOYMENT ECONOMIC DEVELOPMENT CORPORATION.

What the amendment changed

Compared with the return it replaced , filed 15 November 2023. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Listed only on the earlier return

  • Maria del Carmen Arroyo

Totals

Total revenue
$6,324,471
Total expenses
$6,763,930
Contributions and grants received
$5,786,364
Grants paid
$1,033,526
Program service revenue
$0
Investment income
$80
Other revenue
$538,027
Total assets, end of year
$4,105,153
Total liabilities, end of year
$6,316,459
Net assets or fund balances, end of year
-$2,211,306
Program services expenses (Part IX)
$5,229,820
Management and general expenses
$1,534,110
Fundraising expenses
$0
Program service expenses (Part III)
$5,229,820

Program services were 77.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • RAUL RUSSI

    PRESIDENT

    Total calculated
    $935,391
    From this org
    $0
    From related orgs
    $861,432
    Other
    $73,959
    Hours/week
    0 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $650,518 related
    Bonus
    $0 + $210,914 related
    Other
    $0
    Deferred
    $0 + $21,750 related
    Nontaxable benefits
    $0 + $52,209 related
    Filer's total
    $0 + $935,391 related
  • LYMARIS ALBORS

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $795,306
    From this org
    $0
    From related orgs
    $748,860
    Other
    $46,446
    Hours/week
    0 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $656,410 related
    Bonus
    $0 + $92,450 related
    Other
    $0
    Deferred
    $0 + $21,006 related
    Nontaxable benefits
    $0 + $25,440 related
    Filer's total
    $0 + $795,306 related
  • JOSE A RODRIGUEZ

    CHIEF LEGAL OFFICER/ EXEC VP

    Total calculated
    $601,037
    From this org
    $0
    From related orgs
    $560,176
    Other
    $40,861
    Hours/week
    0 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $468,650 related
    Bonus
    $0 + $91,526 related
    Other
    $0
    Deferred
    $0 + $14,500 related
    Nontaxable benefits
    $0 + $26,361 related
    Filer's total
    $0 + $601,037 related
  • VICKY GATELL

    CHIEF FINANCIAL OFFICER

    Total calculated
    $473,732
    From this org
    $0
    From related orgs
    $432,484
    Other
    $41,248
    Hours/week
    0 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $362,134 related
    Bonus
    $0 + $70,350 related
    Other
    $0
    Deferred
    $0 + $14,500 related
    Nontaxable benefits
    $0 + $26,748 related
    Filer's total
    $0 + $473,732 related
  • KEITH RASMUSSEN

    EXECUTIVE DIRECTOR

    Total calculated
    $221,789
    From this org
    $212,449
    From related orgs
    $0
    Other
    $9,340
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $212,449
    Bonus
    $0
    Other
    $0
    Deferred
    $8,704
    Nontaxable benefits
    $636
    Filer's total
    $221,789
  • MARLA SMITH-BROWN

    SENIOR DIRECTOR

    Total calculated
    $154,135
    From this org
    $118,370
    From related orgs
    $0
    Other
    $35,765
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $118,370
    Bonus
    $0
    Other
    $0
    Deferred
    $4,368
    Nontaxable benefits
    $31,397
    Filer's total
    $154,135
  • MARK ROMANINSKY

    SENIOR DIRECTOR

    Total calculated
    $143,109
    From this org
    $107,171
    From related orgs
    $0
    Other
    $35,938
    Hours/week
    35
  • RONIN DAVIS

    SENIOR DIRECTOR

    Total calculated
    $126,979
    From this org
    $103,123
    From related orgs
    $0
    Other
    $23,856
    Hours/week
    35
  • Walter Mack Esq

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 4 related
  • WILFRED RENTA

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 10 related
  • LIZANNE STEPHENSON

    Vice Chair

    Total calculated
    $0
    Hours/week
    1
  • ANGEL AUDIFFRED

    Secretary

    Total calculated
    $0
    Hours/week
    1 + 4 related
  • GEORGE A PRUITT

    MEMBER

    Total calculated
    $0
    Hours/week
    1

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

  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J PART I LINE 3
Pursuant to the Organization's bylaws, the Organization delegates to its parent entity the hiring of the CEO and President. The compensation of the executives is approved by the Parent entity, who hires a consultant to conduct a study. A standing compensation committee of the Parent entity reviews a compensation study and votes on how to proceed.
SCHEDULE J PART 1 LINE 7
The Bonuses for the CEO and President are approved by the Board of the Parent entity. The remaining executive bonuses are approved by the CEO. The remaining executive bonuses are approved by the CEO.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202333189349307603

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