Rio Grande Valley Partnership Foundation
- Assets
- $180.9k
- Revenue
- $402.5k
- Investments
- $0.0
- Employees
- 14
- Location
- Weslaco, TX
- Founding
- 03/1996
- Data as of
- 12/2021
- EIN
- 74-2765624
Organization Overview
Rio Grande Valley Partnership Foundation is located in Weslaco, TX. The organization was established in 1996. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. As of 12/2021, Rio Grande Valley Partnership Foundation employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rio Grande Valley Partnership Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Rio Grande Valley Partnership Foundation generated $402.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.3% each year . All expenses for the organization totaled $369.8k during the year ending 12/2021. While expenses have increased by 18.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Rio Grande Valley Partnership Foundation has awarded 18 individual grants totaling $420,196. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO AID IN THE ADVANCEMENT AND DIFFUSION OF KNOWLEDGE AND UNDERSTANDING OF ECONOMICS, MATTERS OF PUBLIC CONCERN, FINANCE, EDUCATION AND TRAINING, HOUSING, HUMAN RELATIONS, PROBLEMS OF MINORITY GROUPS, SCIENCE AND TECHNOLOGY, ECONOMIC PLANNING AND DEVELOPMENT, INTERNATIONAL RELATIONS, AND OTHER SUBJECTS RELATED TO IMPROVE EFFICIENCY, DEVELOPMENT, AND ACCELERATION OF BOTH THE QUALITY AND QUANTITY OF ECONOMIC GROWTH AND EMPLOYMENT OPPORTUNITIES.
Describe the Organization's Program Activity:
TO UNDERTAKE STUDIES AND RESEARCH, CONDUCT TRAINING COURSES, SEMINARS, DISCUSSION GROUPS, FORUMS, PANELS, LECTURES, AWARD SCHOLARSHIPS, AND ENGAGE IN ANY ACTIVITY, WHICH TENDS TO PROMOTE UNDERSTANDING, UNIFICATION OR IMPROVED RELATIONSHIPS BETWEEN DIFFERENT ECONOMIC OR ETHNIC GROUPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Gonzalez Chair Elect | OfficerTrustee | 1 | $0 |
Lee Reed Member | OfficerTrustee | 1 | $0 |
Sergio Contreras Member | OfficerTrustee | 15 | $0 |
Deborah Cordova Secretary | OfficerTrustee | 1 | $0 |
Brent Baldree Treasurer | Trustee | 1 | $0 |
Anabell Cardona Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,200 |
| All other contributions, gifts, grants, and similar amounts not included above | $334,600 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $340,800 |
| Total Program Service Revenue | $0 |
| Investment income | $197 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $45,993 |
| Net Income from Gaming Activities | $15,515 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $402,505 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $316,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,000 |
| Fees for services: Accounting | $4,671 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,000 |
| Advertising and promotion | $1,000 |
| Office expenses | $102 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,477 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $2,228 |
| Total functional expenses | $369,808 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $180,922 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $180,922 |
| Accounts payable and accrued expenses | $6,914 |
| 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 | $1,847 |
| Total liabilities | $8,761 |
| Net assets without donor restrictions | $172,161 |
| 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 | $180,922 |
Grants Awarded
Over the last fiscal year, Rio Grande Valley Partnership Foundation has awarded $310,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
WILLACY COUNTY PURPOSE: SPONSORSHIPS | $65,000 |
COUNTY OF HIDALGO PURPOSE: SPONSORSHIPS | $65,000 |
COUNTY OF CAMERON PURPOSE: SPONSORSHIPS | $50,000 |
STARR COUNTY PURPOSE: SPONSORSHIPS | $35,000 |
Rio Grande City, TX PURPOSE: SPONSORSHIPS | $25,000 |
Weslaco, TX PURPOSE: SPONSORSHIPS | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Rio Grande Valley Partnership Foundation has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
At&t Foundation Dallas, TX PURPOSE: EDUCATION | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lower Rio Grande Valley Work Force Development Board Inc McAllen, TX | $5,212,488 | $66,497,869 |
Worksource Greater Austin Area Workforce Board Austin, TX | $7,261,815 | $58,093,969 |
Workforce Solutions Borderplex Inc El Paso, TX | $5,306,845 | $45,990,076 |
Cameron Works Inc Brownsville, TX | $2,787,280 | $31,592,177 |
Ser-Jobs For Progress National Inc Irving, TX | $3,318,902 | $28,571,341 |
Central Texas Workforce Development Board Inc Belton, TX | $2,941,499 | $26,810,253 |
Heart Of Texas Workforce Development Board Inc Waco, TX | $2,034,664 | $17,688,488 |
North East Texas Workforce Development Board Inc Wake Village, TX | $1,257,688 | $15,473,387 |
Ser-Jobs For Progress Of The Texas Gulf Coast Inc Houston, TX | $10,211,758 | $9,239,776 |
Career And Recovery Resources Inc Houston, TX | $5,635,776 | $6,972,805 |
Southern Workforce Board Incorporated Durant, OK | $1,369,194 | $5,313,142 |
Relief Enterprise Of Texas Inc Austin, TX | $1,282,942 | $4,965,380 |