Nonprofit · EIN 94-3421360
LAREDO COLLEGE EDUCATION FOUNDATION
Tax-exempt · LAREDO, TX 78040
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $423,570 | $511,245 | -$87,675 | $327,800 | $0 | $327,800 |
| December 31, 2023 | 990 | $361,139 | $1,380,378 | -$1,019,239 | $412,515 | $0 | $412,515 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $415,615
- Program service revenue
- $0
- Investment income
- $7,955
- Net gain from sales of assets
- $1,746
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $510,469
- Management and general (functional)
- $776
Balance sheet and other
- Total assets, start of year
- $412,515
- Total assets, end of year
- $327,800
- Total liabilities, end of year
- $0
- Net assets, end of year
- $327,800
- Publicly traded securities
- $21,592
- Net assets without donor restrictions
- $83,385
- Net assets with donor restrictions
- $244,415
- Gross receipts
- $448,568
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2001
- 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 |
|---|---|---|---|
| Kenneth Schmies | President Trustee or director, Officer | 1 | $0 |
| Guadalupe Alvarez | Vice President Trustee or director, Officer | 1 | $0 |
| Lucina S Hastings | Secretary Trustee or director, Officer | 1 | $0 |
| John R Campbell | Treasurer Trustee or director, Officer | 1 | $0 |
| Guillermo Cavazos Jr | Trustee Trustee or director | 1 | $0 |
| Yu-Hsien Huang Delrio | Trustee Trustee or director | 1 | $0 |
| Juanita Lira | Trustee Trustee or director | 1 | $0 |
| Natalia Hernandez | Trustee Trustee or director | 1 | $0 |
| Alicia Villanueva | Trustee Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KENNETH SCHMIES | PRESIDENT Trustee or director, Officer | – | $0 |
| GUADALUPE ALVAREZ | VICE PRESIDE Trustee or director | – | $0 |
| LUCINA S HASTINGS | SECRETARY Trustee or director | – | $0 |
| JOHN R CAMPBELL | TREASURER Trustee or director | – | $0 |
| GUILLERMO CAVAZOS JR | TRUSTEE Trustee or director | – | $0 |
| CARLOS D GARCIA | TRUSTEE Trustee or director | – | $0 |
| EDUARDO GONZALEZ | TRUSTEE Trustee or director | – | $0 |
| YU-HSIEN HUANG DELRIO | TRUSTEE Trustee or director | – | $0 |
| JUNITA LIRA | TRUSTEE Trustee or director | – | $0 |
| ANTOINETTE VELA | TRUSTEE Trustee or director | – | $0 |
| MILLIE B SLAUGHTER | TRUSTEE Trustee or director | – | $0 |
| EDWARD C SHERWOOD | TRUSTEE Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- WEST END WASHINGTON STREET, LAREDO, TX 78040-0000
- Principal officer (990 for 2024)
- Kenneth R Schmies, West End Washington Street, Laredo, TX 78040
- Signed the 990
- Kenneth R Schmies, President
- Phone
- (956) 721-5812
- Return prepared by
- GARZA GONZALEZ AND ASSOCIATES LLC
Mission
To support and promote for the use and benefit of Laredo College and literary, scientific, education or cultural undertakings.
Program accomplishments
- All other accomplishments: to assist the students of Laredo College by providing fellowships and scholarships for worthy, needy and deserving students; to provide the means for improvement in instruction and equipment available to the students; and to finance those things necessary or appropriate to building an educational institution of excellence.Expenses $510,469
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
- 94-3421360
- 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
- 2003
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B99)
- Assets (IRS master file)
- $327,800
- Income (IRS master file)
- $448,568
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $423,570 | $511,245 | $327,800 | XML |
| 990 | December 2023 | $361,139 | $1,380,378 | $412,515 | XML |
| 990 | December 2022 | $389,097 | $351,957 | $1,428,818 | 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 94-3421360).
Questions about LAREDO COLLEGE EDUCATION FOUNDATION
- What is the EIN of LAREDO COLLEGE EDUCATION FOUNDATION?
- The employer identification number (EIN) of LAREDO COLLEGE EDUCATION FOUNDATION is 94-3421360.
- Is LAREDO COLLEGE EDUCATION FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2003.
- Are donations to LAREDO COLLEGE EDUCATION FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LAREDO COLLEGE EDUCATION 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 LAREDO COLLEGE EDUCATION 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 LAREDO COLLEGE EDUCATION FOUNDATION 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 LAREDO COLLEGE EDUCATION FOUNDATION?
- The 990 for the year ended December 31, 2024 names Kenneth R Schmies.
- Who are the officers and directors of LAREDO COLLEGE EDUCATION FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
- How much revenue does LAREDO COLLEGE EDUCATION FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $423,570, expenses of $511,245 and total assets of $327,800 at year end.
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