2025-10-13T22:54:13-05:00 2024-11-30 742609610 BURTON MCCUMBER & LONGORIA LLP 205 PECAN BLVD MCALLEN TX 78501 990 2023-12-01 372027841 COSTEP COUNCIL FOR SOUTH TEXAS ECONOMIC PROGRESS COST 9566826371 801 NORTH BRYAN ROAD OFFICE 167 MISSION TX 78572 MARI MANN-SILVA SVP OF FINANCIAL OPERATIONS 9566826371 2025-10-13 1 0 REBECCA M GARCIA CPA P01332945 9566182300 X 2023 2025-03-06 01:10:19Z ADAM GONZALEZ 801 NORTH BRYAN ROAD OFFICE 167 MISSION TX 78572 5210126 0 X WWW.COSTEP.ORG X 2022 TX TO ENSURE RESIDENTS ACQUIRE SKILLS AND KNOWLEDGE AND HAVE ACCESS TO ECONOMIC OPPORTUNITIES TO ENABLE THEM TO PURSUE MEANINGFUL CAREERS AND LIVE PROSPEROUS LIVES IN RIO SOUTH TEXAS. 9 9 6 0 0 0 20000 84500 0 0 -53093 491260 147 13 -32946 575773 250000 100000 0 0 457449 438499 0 0 0 551222 521659 1258671 1060158 -1291617 -484385 11271930 12566007 89394 128687 11182536 12437320 X TO ENSURE RESIDENTS ACQUIRE SKILLS AND KNOWLEDGE AND HAVE ACCESS TO ECONOMIC OPPORTUNITIES TO ENABLE THEM TO PURSUE MEANINGFUL CAREERS AND LIVE PROSPEROUS LIVES IN RIO SOUTH TEXAS. 0 0 704537 100000 13 COSTEP WILL PROVIDE A REGIONAL ECONOMIC DEVELOPMENT APPROACH THAT WILL ACCELERATE GROWTH BY DRIVING BUSINESS RECRUITMENT AND INDUSTRY-FOCUSED WORKFORCE PIPELINE DEVELOPMENT TO SHAPE FORWARD-THINKING STRATEGIC INITIATIVES. COSTEP WILL PERFORM INTERNATIONAL AND DOMESTIC RECRUITMENT ACTIVITIES TARGETING INDUSTRIES WITH AN EXISTING FOOTPRINT IN THE REGION. THE PURPOSE OF COSTEP IS TO BRING TOGETHER BUSINESS AND EDUCATION COMMUNITIES TO PROMOTE, SPONSOR, AND ADVANCE BUSINESS PROSPERITY AND THE ECONOMIC SUCCESS OF THE REGION AND ITS CITIZENS. COSTEP'S PROGRAM OF WORK ENCOMPASSES THE FOLLOWING FOUR STRATEGIC INITIATIVES: 1. EXPANDING BUSINESS DEVELOPMENT ACTIVITIES, SPECIFICALLY DOMESTIC/INTERNATIONAL RECRUITING, INCLUDES ACTIVITIES SUCH AS: SITE SELECTOR OUTREACH, TARGETED BUSINESS RECRUITMENT, LEAD GENERATION, FAM TOURS AND QUICK TOURS. 2. LEVERAGE THE SYMBIOTIC BUSINESS RELATIONSHIP BETWEEN THE UNITED STATES AND MEXICO ATTRACTING COMPANIES TO THE REGION BY PROMOTING THE HIGH-VALUE MANUFACTURING OPPORTUNITY IN MEXICO DELIVERS AN INCREDIBLE VALUE PROPOSITION THAT WILL BE LEVERAGED, PROMOTED, AND FURTHERED THE TWIN-PLANT INTERNATIONAL CONCEPT. THIS CONCEPT CONSISTS OF MANUFACTURING IN NORTHERN MEXICO CITIES WITH MANAGEMENT AND LOGISTICS IN THE SOUTHERN US CITIES. 3. AGGREGATE ALL EXISTING BUSINESS INTELLIGENCE AND RESOURCES AND CONDUCT NEW DATA PROJECTS. ACTIVITIES AND SERVICES MAY INCLUDE: DATA ACQUISITION, REGIONAL DEMOGRAPHICS, REGIONAL PROPERTIES, INDUSTRY DATA, REGIONAL ECONOMIC IMPACT REPORT AND REGIONAL GAP ANALYSIS.4. TARGET NATIONAL AND INTERNATIONAL MARKETING WITH A CAMPAIGN THAT INCLUDES MANY ASSETS, SUCH AS INFRASTRUCTURE, THAT ARE AVAILABLE TO ALL JURISDICTIONS FOR LOCAL AND REGIONAL ADVANTAGE. ACTIVITIES AND SERVICES MAY INCLUDE: TARGETED MARKETING CAMPAIGN, SOCIAL MEDIA CAMPAIGN, REGIONAL VIDEOS, WEBSITE AND INTERNATIONAL/NATIONAL PLACEMENT. 704537 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 21 0 1 6 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X MARI MANN-SILVA 9566826371 801 NORTH BRYAN ROAD OFFICE 167 MISSION TX 78572 KEITH PATRIDGE BOARD MEMBER 1.00 X 0 0 0 LESLIE BINGHAM SECRETARY-TREASURER 1.00 X X 0 0 0 JAMES MOORE BOARD MEMBER 1.00 X 0 0 0 JIM DARLING CHAIRMAN 1.00 X X 0 0 0 WHIT JONES VICE CHAIRMAN 1.00 X X 0 0 0 DANNY VELA BOARD MEMBER 1.00 X 0 0 0 ROSE BENAVIDEZ BOARD MEMBER 1.00 X 0 0 0 GUADALUPE ZEPEDA BOARD MEMBER 1.00 X 0 0 0 RENE ALCALA BOARD MEMBER 1.00 X 0 0 0 ADAM GONZALEZ CEO 20.00 20.00 X 189445 0 10235 MARI MANN-SILVA VICE PRESIDENT 20.00 20.00 X 119099 0 10235 308544 0 20470 2 0 1 0 0 84500 84500 302150 302150 4823463 4633375 978 190088 -978 189110 189110 OTHER INCOME 561000 13 13 13 575773 13 0 491260 X 100000 100000 149910 78469 71441 226666 125647 101019 34495 18226 16269 27428 14615 12813 15435 15435 29361 29361 58318 46498 11820 95935 94471 1464 3488 1740 1748 16399 9510 6889 96629 92635 3994 15741 14914 827 15018 8812 6206 44497 7533 36964 SERVICE AGREEMENT 82993 73573 9420 DUES & SUBSCRIPTIONS 20763 6604 14159 SPONSORSHIP 11325 6150 5175 GOODWILL 7789 1993 5796 7968 3147 4821 1060158 704537 355621 0 462542 372152 35285 40098 78376 69814 88104 58329 44270 29775 10651457 12054168 11271930 12566007 89394 128687 89394 128687 X 11182536 12437320 11182536 12437320 11271930 12566007 -484385 1760462 -21294 1 0 X X 0 1 X 1 0 X 52000 20000 84500 156500 52000 20000 84500 156500 156500 13286 300582 302150 616018 772518 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1133 772 361 55647 31796 23851 31324 25761 5563 29775 X 2315906 1760462 1760462 555444 21294 -965 20329 575773 1060158 0 1060158 0 1060158 PART X, LINE 2: THE ORGANIZATION REGULARLY ASSESSES UNCERTAIN TAX POSITIONS AND ACCOUNTS FOR THE RELATED FINANCIAL STATEMENT IMPLICATIONS. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION, AND HAS CONCLUDED THAT AS OF NOVEMBER 30, 2024, THERE IS NO UNCERTAIN TAX POSITION TAKEN BY COSTEP. NO TAX LIABILITY HAS BEEN RECORDED ON THE STATEMENTS OF FINANCIAL POSITION AS OF NOVEMBER 30, 2024. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON SALE OF ASSETS -978. OTHER INCOME 13. SOUTH ASIA 0 0 PROGRAM SERVICES TO RECRUIT FOREIGN INVESTORS TO THE RIO SOUTH TEXAS REGION 13650 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES TO RECRUIT FOREIGN INVESTORS TO THE RIO SOUTH TEXAS REGION 178 NORTH AMERICA 0 0 PROGRAM SERVICES TO RECRUIT FOREIGN INVESTORS TO THE RIO SOUTH TEXAS REGION 4309 0 0 0 0 0 0 18137 0 18137 0 0 0 0 0 0 0 TEXAS ECONOMIC DEVELOPMENT CORPORATION 1005 CONGRESS AVE SUITE 600 AUSTIN TX 78701 712619492 100000 0 TO MARKET AND PROMOTE TEXAS AS A PREMIER BUSINESS LOCATION. X X X 0 0 0 0 0 0 0 0 0 ADAM GONZALEZ CEO 177445 0 0 0 12000 0 0 0 10235 0 199680 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B FORM 990 WILL BE REVIEWED BY KEY OFFICERS FOR RECOMMENDATION TO THE ORGANIZATION'S GOVERNING BODY FOR APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY IS MONITORED BY LEGAL COUNSEL (PRESENT) AT EVERY BOARD MEETING FOR COMPLIANCE. IN ADDITION, THE GOVERNING BODY IS REQUIRED TO SIGN A "RELATED PARTY TRANSACTION DISCLOSURE" ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 COSTEP PERFORMS A FORMAL REVIEW OF ITS EXECUTIVE COMPENSATION AND BENEFITS PACKAGES FOR ITS CEO, VICE-PRESIDENTS AND KEY EMPLOYEES EVERY THREE (3) YEARS. COSTEP ENGAGES AN OUTSIDE CONSULTANT(S) TO PROVIDE THE BOARD OF DIRECTORS AN INDEPENDENT REVIEW AND COMPARABLE DATA RELATED TO INDUSTRY RELATED EXECUTIVE COMPENSATION AND BENEFIT PACKAGES. THE BOARD OF DIRECTORS HOLDS A FORMAL BOARD MEETING TO DELIBERATE, DISCUSS ALL ISSUES THAT WOULD PROVIDE THE BOARD A REBUTTABLE PRESUMPTION POSITION FOR EACH PAID OFFICER AND KEY EMPLOYEE AS IT RELATED TO THEIR EXECUTIVE COMPENSATION AND BENEFITS. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE MADE AVAILABLE UPON REQUEST ONLY. FORM 990, PART IX, LINE 24E TELEPHONE EXPENSE: PROGRAM SERVICE EXPENSES 3,147. MANAGEMENT AND GENERAL EXPENSES 1,970. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,117. PROPERTY TAXES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 2,635. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,635. EMPLOYEE FUNCATIONS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 216. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 216. FORM 990, PART IX, STATEMENT OF FUNCTIONAL EXPENSES: COSTEP MAINTAINS A COLLABORATION AND EXPENSE SHARING AGREEMENT WITH THE RIO-SOUTH TEXAS EDUCATION AND COMMUNITY DEVELOPMENT FOUNDATION, INC. (FOUNDATION) TO SHARE EXPENSES FOR HEADQUARTER FACILITIES, ADMINISTRATIVE SUPPORT, ACCOUNTING, AND ALL OTHER TASKS NECESSARY TO THE FUNCTION OF THE FOUNDATION. MOST OF THE OFFICERS AND MANAGEMENT OF COSTEP ARE ALSO OFFICERS OF THE FOUNDATION. THIS AGREEMENT PROVIDES FOR A MONTHLY REIMBURSEMENT OF SHARED SERVICES CALCULATED AT 50% OF PAYROLL LINE ITEMS AND 41.67% OF CERTAIN LINE ITEMS AGREED UPON BY ALL PARTIES. THE EXPENSES SHOWN IN PART IX ARE NET OF THESE REIMBURSEMENTS. THE AMOUNTS IN PART VII REPRESENT THE FULL AMOUNT OF EACH INDIVIDUAL'S COMPENSATION AND HAVE NOT BEEN REDUCED BY ANY REIMBURSEMENTS MADE THE FOUNDATION. FORM 990, PART XII, LINE 2C THE EXECUTIVE COMITTEE IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT, REVIEW, OR COMPILATION OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. RIO-SOUTH TEXAS EDUCATION AND COMMUNITY DEVELOPMENT FDN INC FKA STHEA INC 801 NORTH BRYAN ROAD OFFICE 167 MISSION TX 78572 PROMOTE & SUPPORT HIGHER EDUCATION & CAREER DEVELOPEMENT IN RIO-SOUTH TEXAS TX 501(C)(3) PF 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 1 0 0