Council For South Texas Economic Progress
- Assets
- $15.3m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 7
- Location
- Mission, TX
- Founding
- 03/1972
- Data as of
- 11/2021
- EIN
- 74-1699107
Organization Overview
Council For South Texas Economic Progress is located in Mission, TX. The organization was established in 1972. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 11/2021, Council For South Texas Economic Progress employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Council For South Texas Economic Progress is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 11/2021, Council For South Texas Economic Progress generated $4.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $1.1m during the year ending 11/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PARTNERSHIP WITH RSTEC WILL ENABLE COSTEP TO DEVELOP AN ORGANIZATIONAL PLAN THAT WILL FUNNEL THE IDEAS, KNOWLEDGE, ENERGIES, RESOURCES AND SUPPORT OF CIVIC, BUSINESS, LABOR, AGRICULTURE, GOVERNMENT AND OTHER LEADERS INTO A PROGRAM OF ECONOMIC PROGRESS IN RIO SOUTH TEXAS. COSTEP HIRED A VICE PRESIDENT OF ECONOMIC DEVELOPMENT TO SERVE AS RSTEC'S EXECUTIVE DIRECTOR. COSTEP ALSO COMMENCED FOREIGN DIRECT INVESTMENT ACTIVITIES AND TRAVEL.
THE ORGANIZATION'S MISSION IS TO ENSURE RESIDENTS ACQUIRE SKILLS AND KNOWLEDGE AND HAVE ACCESS TO ECONOMIC OPPORTUNITIES TO PURSUE MEANINGFUL CAREERS AND LIVE PROSPEROUS LIVES IN RIO SOUTH TEXAS. THE STRATEGIC FRAMEWORK INCLUDES: 1. EDUCATION AND WORKFORCE TO ENSURE RESIDENTS ACQUIRE SKILLS AND KNOWLEDGE NECESSARY TO PURSUE MEANING CAREERS AND LIVE PROSPEROUS LIVES IN RIO SOUTH TEXAS; 2. ECONOMIC DEVELOPMENT TO ENSURE RESIDENTS HAVE ACCESS TO ECONOMIC OPPORTUNITIES TO PURSUE MEANINGFUL CAREERS AND LIVE PROSPEROUS LIVES IN RIO SOUTH TEXAS; AND 3) ADVOCACY TO WORK WITH REGIONAL STAKEHOLDERS AND PARTNERS TO ADVOCATE FOR SOLUTIONS THAT ENABLE RESIDENTS TO PURSUE MEANINGFUL CAREERS AND LIVE PROSPEROUS LIVES IN RIO SOUTH TEXAS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Beard CEO | Officer | 20 | $223,116 |
Adam Gonzalez Sr. Vice President | Officer | 20 | $165,996 |
Mari Mann-Silva Vice President | Officer | 20 | $148,202 |
Mary Hernandez Vice President | Officer | 20 | $113,597 |
Maciej Ruszczak Vice President | Officer | 40 | $104,902 |
Keith Patridge Chairman | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Panhandle Plains Student Loan Corp Loan Servicing | 11/29/17 | $1,025,794 |
Crp 10th Street Ltd Office Lease & Utilities | 11/29/17 | $120,632 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $72,183 |
| Investment income | $205,295 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,279,997 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,557,525 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $57,500 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $426,082 |
| Compensation of current officers, directors, key employees. | $252,419 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $90,746 |
| Pension plan accruals and contributions | $16,684 |
| Other employee benefits | $29,592 |
| Payroll taxes | $37,506 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,319 |
| Fees for services: Accounting | $31,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $34,514 |
| Fees for services: Other | $79,490 |
| Advertising and promotion | $64,097 |
| Office expenses | $46,666 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,190 |
| Travel | $44,481 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,162 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,969 |
| Insurance | $37,653 |
| All other expenses | $0 |
| Total functional expenses | $1,077,209 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $477,202 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $51,624 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $135,226 |
| Net Land, buildings, and equipment | $18,743 |
| Investments—publicly traded securities | $14,626,790 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,309,585 |
| Accounts payable and accrued expenses | $115,200 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $77,893 |
| Total liabilities | $193,093 |
| Net assets without donor restrictions | $15,116,492 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $15,309,585 |
Grants Awarded
Over the last fiscal year, Council For South Texas Economic Progress has awarded $57,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
RIO SOUTH TEXAS ECONOMIC COUNCIL PURPOSE: PROGRAM EXPENSES | $50,000 |
Weslaco, TX PURPOSE: PROGRAM EXPENSES | $7,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mississippi County Arkansas Economic Opportunity Commission In Blytheville, AR | $4,387,153 | $19,452,667 |
Saisd Historic Preservation Corporation San Antonio, TX | $3,795,273 | $2,962,141 |
Central Oklahoma Workforce Investment Board Inc Oklahoma City, OK | $3,420,947 | $10,316,235 |
Whole Planet Foundation Austin, TX | $10,584,602 | $6,202,281 |
Frazier Revitalization Inc Dallas, TX | $12,774,298 | $14,569,658 |
Corpus Christi Area Convention And Tourist Bureau Inc Corpus Christi, TX | $2,305,137 | $5,577,829 |
Edinburg Economic Development Corporation Edinburg, TX | $67,135,031 | $9,281,578 |
Market Lubbock Economic Development Corporation Lubbock, TX | $8,726,484 | $8,303,064 |
Lubbock Economic Development Alliance Inc Lubbock, TX | $29,508,777 | $13,680,218 |
Northwest Arkansas Economic Development District Inc Harrison, AR | $3,285,809 | $5,390,544 |
Mcallen Economic Development Corporation Mcallen, TX | $25,789,547 | $5,490,638 |
Greater Brownsville Incentives Corporation Brownsville, TX | $32,068,237 | $6,507,551 |