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Nonprofit · EIN 23-7045185

MCALLEN INDUSTRIAL FOUNDATION INC

Tax-exempt · MCALLEN, TX 78503

Financials

$76K$2K2023$136K$2K2024
Revenue Expenses · by fiscal year end
Financials of MCALLEN INDUSTRIAL FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$135,636$1,909$133,727$2,276,931$5,000$2,271,931
December 31, 2023990$76,439$1,709$74,730$2,143,204$5,000$2,138,204
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$0
Investment income
$80,640
Net rental income
$54,996
Other revenue
$54,996

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$1,500
Program services (functional)
$409
Management and general (functional)
$1,500

Balance sheet and other

Total assets, start of year
$2,143,204
Total assets, end of year
$2,276,931
Total liabilities, end of year
$5,000
Net assets, end of year
$2,271,931
Land, buildings and equipment
$19,450
Net assets without donor restrictions
$2,271,931
Gross receipts
$170,738
Employees
0
Volunteers
0
Year formed
1969
State of legal domicile
TX

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
MICHAEL SCHROCKDIRECTOR
Trustee or director
1$0
RICKY LONGORIADIRECTOR
Trustee or director
1$0
RAYMOND JENKINSVICE PRESIDENT
Trustee or director
1$0
ERNIE WILLIAMSPRESIDENT
Trustee or director
1$0
ALMA ORTEGA-JOHNSONDIRECTOR
Trustee or director
1$0
MARK GARCIASECRETARY/TREASURER
Officer
2$0
990 for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensation
MICHAEL SCHROCKDIRECTOR
Trustee or director
1$0
RICKY LONGORIADIRECTOR
Trustee or director
1$0
RAYMOND JENKINSVICE PRESIDENT
Trustee or director
1$0
ERNIE WILLIAMSPRESIDENT
Trustee or director
1$0
ALMA ORTEGA-JOHNSONDIRECTOR
Trustee or director
1$0
KEITH PATRIDGESECRETARY TREAS
Officer
1$0
MARK GARCIAASSISTANT S & T
Officer
2$0

Address and contacts

Address (IRS master file)
6401 S 33RD ST, MCALLEN, TX 78503-8804
Principal officer (990 for 2024)
MARK GARCIA, 6401 S 33RD ST, MCALLEN, TX 78503
Signed the 990
MARK GARCIA, SECRETARY / TREASURER
Phone
(956) 682-4306
Return prepared by
CRI ADVISORS LLC

Mission

TO BENEFIT THE COMMUNITY, ECONOMIC, COMMERCIAL, HEALTHCARE, EDUCATIONAL, TECHNOLOGICAL AND INDUSTRIAL DEVELOPMENT OF THE RGV AND SPECIFICALLY THE CITY OF MCALLEN, TEXAS, AND ITS ENVIRONS. TO PROMOTE AND ASSIST THE GROWTH AND DEVELOPMENT OF BUSINESS, PROVIDE FINANCING AND/OR ACQUIRE REAL PROPERTY FOR COMMERCIAL AND INDUSTRIAL SUBDIVISION.

990 for the year ended December 31, 2024

Program accomplishments

  • OPERATION OF RENTAL BUILDING FOR INDUSTRIAL DEVELOPMENT
    Expenses $409

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
23-7045185
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
1971
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$2,276,931
Income (IRS master file)
$170,738

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$135,636$1,909$2,276,931XML
990December 2023$76,439$1,709$2,143,204XML
990December 2022$69,989$2,761$2,068,474IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7045185).

Questions about MCALLEN INDUSTRIAL FOUNDATION INC

What is the EIN of MCALLEN INDUSTRIAL FOUNDATION INC?
The employer identification number (EIN) of MCALLEN INDUSTRIAL FOUNDATION INC is 23-7045185.
Is MCALLEN INDUSTRIAL FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1971.
Are donations to MCALLEN INDUSTRIAL FOUNDATION INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does MCALLEN INDUSTRIAL FOUNDATION INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of MCALLEN INDUSTRIAL FOUNDATION INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did MCALLEN INDUSTRIAL FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of MCALLEN INDUSTRIAL FOUNDATION INC?
The 990 for the year ended December 31, 2024 names MARK GARCIA.
Who are the officers and directors of MCALLEN INDUSTRIAL FOUNDATION INC?
The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
How much revenue does MCALLEN INDUSTRIAL FOUNDATION INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $135,636, expenses of $1,909 and total assets of $2,276,931 at year end.

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