Washingtons Birthday Celebration Association Of Laredo 010193
- Assets
- $2.5m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 6
- Location
- Laredo, TX
- Founding
- 01/1993
- Data as of
- 05/2022
- EIN
- 74-2651425
Organization Overview
Washingtons Birthday Celebration Association Of Laredo 010193 is located in Laredo, TX. The organization was established in 1993. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. As of 05/2022, Washingtons Birthday Celebration Association Of Laredo 010193 employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Washingtons Birthday Celebration Association Of Laredo 010193 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 05/2022, Washingtons Birthday Celebration Association Of Laredo 010193 generated $1.9m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $1.8m during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER GREATER UNDERSTANDING BETWEEN THE PEOPLES OF THE AMERICAS, TO PROMOTE LAREDO AS ONE OF TEXAS' MOST PATRIOTIC AND CULTURALLY ALIVE CITIES AND CREATE A GREATER SENSE OF CIVIC AND NATIONAL PRIDE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PAREDES-ANHEUSER-BUSH AND YOUTH PARADE BRING THE CELEBRATION OF GEORGE WASHINGTON'S BIRTHDAY TO THE CITIZENS OF LAREDO IN A GRANDIOSE WAY WITH HUNDREDS OF PARTICIPANTS AND OVER 100,000 SPECTATORS FROM LAREDO AND MEXICO.
CELEBRATION EVENTS-EVENTS OVER 25 DAYS CONSISTING OF PAGEANTS, CONCERTS, CARNIVALS, CHILDREN'S FUN FEST, AN AIR SHOW AND FOOD
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Natalie Hernandez President | OfficerTrustee | 1 | $0 |
Celina Y Alvarado Executive Di | OfficerTrustee | 40 | $0 |
Jesse Gonzalez Director | Trustee | 1 | $0 |
Chris Haynes Director | Trustee | 1 | $0 |
Dario Guterrez Director | Trustee | 1 | $0 |
Avery G Jackson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $16,600 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $65,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $451,200 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $532,800 |
| Total Program Service Revenue | $1,318,539 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,873,324 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $70,178 |
| Compensation of current officers, directors, key employees. | $35,089 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $177,263 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,604 |
| Payroll taxes | $19,361 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $8,276 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $13,552 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11,297 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,535 |
| Insurance | $78,177 |
| All other expenses | $739,064 |
| Total functional expenses | $1,790,448 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,350,175 |
| Savings and temporary cash investments | $748,217 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $168,310 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,975 |
| Prepaid expenses and deferred charges | $18,957 |
| Net Land, buildings, and equipment | $228,871 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $20,493 |
| Other assets | $4,804 |
| Total assets | $2,541,802 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $645 |
| 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 | $0 |
| Total liabilities | $645 |
| Net assets without donor restrictions | $2,541,157 |
| 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 | $2,541,802 |
Peer Organizations
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|---|---|---|
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Bell County Expo Inc Belton, TX | $3,987,483 | $11,578,565 |
Albuquerque International Balloon Fiesta Inc Albuquerque, NM | $13,518,280 | $13,246,865 |
Gentilly Carnival Club Jefferson, LA | $3,366,886 | $4,740,044 |
Expo Center Of Taylor County Abilene, TX | $1,469,726 | $5,612,899 |
Arkansas Livestock Show Assoc Little Rock, AR | $4,870,203 | $5,931,539 |
Fairfield Village Community Inc Houston, TX | $4,878,144 | $5,460,075 |
International Association Of Venue Managers Inc Coppell, TX | $4,566,324 | $3,596,917 |
Petroleum Equipment Institute Tulsa, OK | $10,127,893 | $3,682,039 |
Austin County Fair Association Inc Bellville, TX | $2,038,389 | $3,840,084 |
Washington County Fair Association Brenham, TX | $1,247,052 | $3,262,876 |