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Nonprofit · EIN 37-2027841

COUNCIL FOR SOUTH TEXAS ECONOMIC PROGRESS

Also known as COSTEP

Tax-exempt · MISSION, TX 78572

Financials

−$33K$1.3M2022$576K$1.1M2023
Revenue Expenses · by fiscal year end
Financials of COUNCIL FOR SOUTH TEXAS ECONOMIC PROGRESS by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
November 30, 2024990$575,773$1,060,158-$484,385$12,566,007$128,687$12,437,320
November 30, 2023990-$32,946$1,258,671-$1,291,617$11,271,930$89,394$11,182,536
Financial details: 990 for the year ended November 30, 2024

Revenue

Contributions, gifts and grants
$84,500
Program service revenue
$0
Investment income
$491,260
Net gain from sales of assets
$189,110
Other revenue
$13

Expenses

Grants and similar amounts paid
$100,000
Compensation of officers, directors and key employees
$149,910
Other salaries and wages
$226,666
Salaries, compensation and benefits (total)
$438,499
Professional fundraising fees
$0
Legal fees
$15,435
Accounting fees
$29,361
Occupancy
$16,399
Travel
$96,629
Depreciation
$15,018
Program services (functional)
$704,537
Management and general (functional)
$355,621

Balance sheet and other

Total assets, start of year
$11,271,930
Total assets, end of year
$12,566,007
Total liabilities, end of year
$128,687
Net assets, end of year
$12,437,320
Land, buildings and equipment
$29,775
Publicly traded securities
$12,054,168
Net assets without donor restrictions
$12,437,320
Gross receipts
$5,210,126
Employees
6
Volunteers
0
Year formed
2022
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 November 30, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
ADAM GONZALEZCEO
Officer
20$189,445$10,235
MARI MANN-SILVAVICE PRESIDENT
Officer
20$119,099$10,235
KEITH PATRIDGEBOARD MEMBER
Trustee or director
1$0$0
LESLIE BINGHAMSECRETARY-TREASURER
Trustee or director, Officer
1$0$0
JAMES MOOREBOARD MEMBER
Trustee or director
1$0$0
JIM DARLINGCHAIRMAN
Trustee or director, Officer
1$0$0
WHIT JONESVICE CHAIRMAN
Trustee or director, Officer
1$0$0
DANNY VELABOARD MEMBER
Trustee or director
1$0$0
ROSE BENAVIDEZBOARD MEMBER
Trustee or director
1$0$0
GUADALUPE ZEPEDABOARD MEMBER
Trustee or director
1$0$0
RENE ALCALABOARD MEMBER
Trustee or director
1$0$0
990 for the year ended November 30, 2023: 12 people
NameTitleHours / weekCompensationOther / benefits
ADAM GONZALEZCEO
Officer
20$170,396$8,980
MARI MANN-SILVAVICE PRESIDENT
Officer
20$116,042$9,469
MARY HERNANDEZVICE PRESIDENT
Officer
20$77,879$9,405
PATRICIA BEARDFORMER CEO
Officer
20$40,324$4,225
KEITH PATRIDGEBOARD MEMBER
Trustee or director
1$0$0
LESLIE BINGHAMSECRETARY-TREASURER
Trustee or director, Officer
1$0$0
JAMES MOOREBOARD MEMBER
Trustee or director
1$0$0
JIM DARLINGCHAIRMAN
Trustee or director, Officer
1$0$0
WHIT JONESVICE CHAIRMAN
Trustee or director, Officer
1$0$0
DANNY VELABOARD MEMBER
Trustee or director
1$0$0
ROSE BENAVIDEZBOARD MEMBER
Trustee or director
1$0$0
GUADALUPE ZEPEDABOARD MEMBER
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
801 N BRYAN RD STE 167, MISSION, TX 78572-6568
In care of
% PATRICIA BEARD
Principal officer (990 for 2023)
ADAM GONZALEZ, 801 NORTH BRYAN ROAD OFFICE 167, MISSION, TX 78572
Signed the 990
MARI MANN-SILVA, SVP OF FINANCIAL OPERATIONS
Phone
(956) 682-6371
Return prepared by
BURTON MCCUMBER & LONGORIA LLP

Mission

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.

990 for the year ended November 30, 2024

Program accomplishments

  • 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.
    Expenses $704,537 · grants $100,000 · revenue $13

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 November, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2024November 30, 2025April 15, 2026Not on file
2023November 30, 2024April 15, 2025990 on file
2022November 30, 2023April 15, 2024990 on file

IRS record

EIN
37-2027841
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
2022
Accounting year ends
November
Files
Form 990 or 990-EZ
Assets (IRS master file)
$12,566,007
Income (IRS master file)
$5,210,126

Filing history

FormYear endedRevenueExpensesAssetsReturn
990November 2024$575,773$1,060,158$12,566,007XML
990November 2023-$32,946$1,258,671$11,271,930XML
990November 2022$12,895,619$437,771$11,833,445IRS

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 37-2027841).

Questions about COUNCIL FOR SOUTH TEXAS ECONOMIC PROGRESS

What is the EIN of COUNCIL FOR SOUTH TEXAS ECONOMIC PROGRESS?
The employer identification number (EIN) of COUNCIL FOR SOUTH TEXAS ECONOMIC PROGRESS is 37-2027841.
Is COUNCIL FOR SOUTH TEXAS ECONOMIC PROGRESS tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
Are donations to COUNCIL FOR SOUTH TEXAS ECONOMIC PROGRESS tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does COUNCIL FOR SOUTH TEXAS ECONOMIC PROGRESS 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 COUNCIL FOR SOUTH TEXAS ECONOMIC PROGRESS due?
The return for tax year 2024 (the year ending November 30, 2025) is due April 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did COUNCIL FOR SOUTH TEXAS ECONOMIC PROGRESS last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended November 2024.
Who is the principal officer of COUNCIL FOR SOUTH TEXAS ECONOMIC PROGRESS?
The 990 for the year ended November 30, 2024 names ADAM GONZALEZ.
Who are the officers and directors of COUNCIL FOR SOUTH TEXAS ECONOMIC PROGRESS?
The 990 for the year ended November 30, 2024 lists 11 people; 2 received compensation from the organization, the highest $189,445 (ADAM GONZALEZ, CEO).
How much revenue does COUNCIL FOR SOUTH TEXAS ECONOMIC PROGRESS have?
On its 990 for the year ended November 30, 2024 it reported revenue of $575,773, expenses of $1,060,158 and total assets of $12,566,007 at year end.

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