Nonprofit · EIN 31-1742706
THE LAREDO AREA COMMUNITY FOUNDATION
Tax-exempt · LAREDO, TX 78041
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,686,911 | $1,119,859 | $567,052 | $19,390,943 | $13,000 | $19,377,943 |
| December 31, 2023 | 990 | $1,743,554 | $1,016,296 | $727,258 | $17,493,744 | $0 | $17,493,744 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $748,533
- Program service revenue
- $0
- Investment income
- $938,378
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $734,733
- Compensation of officers, directors and key employees
- $51,875
- Other salaries and wages
- $1,400
- Salaries, compensation and benefits (total)
- $59,900
- Professional fundraising fees
- $0
- Depreciation
- $1,445
- Program services (functional)
- $1,017,237
- Management and general (functional)
- $102,622
Balance sheet and other
- Total assets, start of year
- $17,493,744
- Total assets, end of year
- $19,390,943
- Total liabilities, end of year
- $13,000
- Net assets, end of year
- $19,377,943
- Land, buildings and equipment
- $837
- Publicly traded securities
- $19,262,114
- Net assets without donor restrictions
- $8,830,155
- Net assets with donor restrictions
- $10,547,788
- Gross receipts
- $1,686,911
- Employees
- 3
- Year formed
- 2004
- 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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Cynthia M Cisneros | Operations Manager | 40 | $51,075 |
| Celina R Summers | Administrator | 40 | $800 |
| Eduardo Canamar | Director Trustee or director | 0.5 | $0 |
| Matias de Llano III | Director Trustee or director | 0.5 | $0 |
| Roy S Franklin | Director Trustee or director | 0.5 | $0 |
| William B Green | Director Trustee or director | 0.5 | $0 |
| Annie Trevino | Director Trustee or director | 0.5 | $0 |
| Ricardo E Morales | Director Trustee or director | 0.5 | $0 |
| Diana Ortiz | Director Trustee or director | 0.5 | $0 |
| Jeremy Peters | Director Trustee or director | 0.5 | $0 |
| Mario Rullan | Director Trustee or director | 0.5 | $0 |
| Gerry Salinas | Director Trustee or director | 0.5 | $0 |
| Christine Holliday Cerda | President Officer | 0.5 | $0 |
| Jennifer Beckelhymer | Vice Presiden Officer | 0.5 | $0 |
| Juan J Castillo | Secretary Officer | 0.5 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Juan M Caballero | Treasurer Officer | 0.5 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Juan J Castillo | Director Trustee or director | 0.5 | $0 |
| Matias de Llano III | Director Trustee or director | 0.5 | $0 |
| Roy S Franklin | Director Trustee or director | 0.5 | $0 |
| William B Green | Director Trustee or director | 0.5 | $0 |
| Candy Hein | Director Trustee or director | 0.5 | $0 |
| Ricardo E Morales | Director Trustee or director | 0.5 | $0 |
| Diana Ortiz | Director Trustee or director | 0.5 | $0 |
| Jeremy Peters | Director Trustee or director | 0.5 | $0 |
| Mario Rullan | Director Trustee or director | 0.5 | $0 |
| Gerry Salinas | Director Trustee or director | 0.5 | $0 |
| Christine Holliday Cerda | President Officer | 0.5 | $0 |
| Alexandra C Solis | Vice Presiden Officer | 0.5 | $0 |
| Jennifer Beckelhymer | Secretary Officer | 0.5 | $0 |
| Juan M Caballero | Treasurer Officer | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 5201 UNIVERSITY BLVD STE 156 B, LAREDO, TX 78041-1920
- In care of
- % JAMES B HARRELL
- Signed the 990
- Juan M Caballero, Treasurer
- Phone
- (956) 326-2845
- Return prepared by
- CANALES GARZA & BAUM PLLC
Mission
To inspire by generosity and empower by a legacy of giving, the Laredo Area Community Foundation provides for the philanthropic needs of Laredo and surrounding communities.
Program accomplishments
- The Laredo Area Community Foundation manages funds contributed by citizens, Business entities, Non-profit organizations and public agencies to benefit Laredo and South Texas. Revenues are from contributions, investments and fund raising. The individual funds (Donor Advised Funds and Permanent Endowment Funds) make charitable qualified grants as specified in their governing instruments. Grants are used in the areas of: Arts, Education, Environment, Health, Religious and Social Services.Expenses $1,017,237 · revenue $1,686,911
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 31-1742706
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2001
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T31)
- Assets (IRS master file)
- $19,390,943
- Income (IRS master file)
- $1,686,911
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,686,911 | $1,119,859 | $19,390,943 | XML |
| 990 | December 2023 | $1,743,554 | $1,016,296 | $17,493,744 | XML |
| 990 | December 2022 | $1,353,166 | $917,347 | $15,194,862 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 31-1742706).
Questions about THE LAREDO AREA COMMUNITY FOUNDATION
- What is the EIN of THE LAREDO AREA COMMUNITY FOUNDATION?
- The employer identification number (EIN) of THE LAREDO AREA COMMUNITY FOUNDATION is 31-1742706.
- Is THE LAREDO AREA COMMUNITY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to THE LAREDO AREA COMMUNITY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE LAREDO AREA COMMUNITY FOUNDATION 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 THE LAREDO AREA COMMUNITY FOUNDATION 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 THE LAREDO AREA COMMUNITY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who are the officers and directors of THE LAREDO AREA COMMUNITY FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 16 people; 2 received compensation from the organization, the highest $51,075 (Cynthia M Cisneros, Operations Manager).
- How much revenue does THE LAREDO AREA COMMUNITY FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,686,911, expenses of $1,119,859 and total assets of $19,390,943 at year end.
Other nonprofits in LAREDO
- MATIAS DE LLANO CHARITABLE TRUST EIN 74-3013012 · last filed 990-PF for 2024
- UNITED WAY OF LAREDO INC EIN 74-1543862 · last filed 990 for 2024
- IBC FOUNDATION EIN 74-2902265 · last filed 990-PF for 2024
- JESSIE FRANCES NEAL FOUNDATION INC EIN 45-5421152 · last filed 990-PF for 2025
- FERNANDO A SALINAS TR EIN 20-5145945 · last filed 990-PF for 2024
- KILLAM FAMILY FOUNDATION TR EIN 74-6473230 · last filed 990-PF for 2024
- TOMAS AND CORDELIA CANTU FOUNDATION EIN 84-4581561 · last filed 990-EZ for 2025
- THE LAREDO DIPLOMA PLUS FOUNDATION INC EIN 26-4431679 · last filed 990 for 2025
All nonprofits in LAREDO · Texas · Philanthropy, voluntarism and grantmaking foundations