2023-11-15T09:24:38-08:00 2022-12-31 200037908 Mejia & Company PLLC P O Box 451031 Laredo TX 78045 990 2022-01-01 311742706 Laredo Area Community Foundation LARE 9563262845 PO Box 450223 Laredo TX 78045 Juan C Caballero Treasurer 2023-11-14 true Juan C Caballero 999009999 true Mario A Mejia CPA P01264322 9567244100 X 2 AAL1 IAL1 FAL1 2022 2023-04-26 12:10:37Z PO Box 450223 Laredo TX 78045 6191107 false X http://www.laredofoundation.org X 2004 TX To inspire by generosity and empower by a legacy of giving, the Laredo Area Community Foundation provides for the philanthropic needs of Laredo and surrounding communities. 16 16 3 0 1254268 948502 0 1169842 400574 -1827 4090 2422283 1353166 648395 577414 0 54788 51244 0 0 299725 288689 1002908 917347 1419375 435819 17250712 15194862 0 17250712 15194862 To inspire by generosity and empower by a legacy of giving, the Laredo Area Community Foundation provides for the philanthropic needs of Laredo and surrounding communities. false false 818955 577414 1353166 The Laredo Area Community Foundation manages funds contributed by citizens, Business entities, Non-profit organizations and public agencies to benefit Laredo and South Texas. Revenues are from contributions, investments and fund raising. The individual funds (Donor Advised Funds and Permanent Endowment Funds) make charitable qualified grants as specified in their governing instruments. Grants are used in the areas of: Arts, Education, Environment, Health, Religious and Social Services. 818955 true true false false false true false false false true true false false false false false true false false false false false false false false false false true false false false false false false false false false false false false false false false false false false false true 4 0 true 3 true false false false false false false false 0 false false false false false false false false false false X 16 16 false false false false false false false true true false false true true true true true true false true false X Cynthia Villafranca 9563262845 5201 University Blvd Laredo TX 78045 X Keith W Franklin Director 0.50 0.00 X 0 0 0 Nancy De Anda Director 0.50 0.00 X 0 0 0 Ricardo E Morales Director 0.50 0.00 X 0 0 0 Maria Candelaria Uribe Hein Director 0.50 0.00 X 0 0 0 Matias De Llano III Director 0.50 0.00 X 0 0 0 Jeremy Peters Director 0.50 0.00 X 0 0 0 Dr Pablo Arenaz Director 0.50 0.00 X 0 0 0 Elizabeth R Sames Director 0.50 0.00 X 0 0 0 William B Green Director 0.50 0.00 X 0 0 0 Larry Norton Director 0.50 0.00 X 0 0 0 Mario Rullan Director 0.50 0.00 X 0 0 0 Gerry Salinas Director 0.50 0.00 X 0 0 0 Jennifer Beckelhymer Secretary 0.50 0.00 X 0 0 0 Juan C Caballero Treasurer 0.50 0.00 X 0 0 0 Christine H Cerda President 0.50 0.00 X 0 0 0 Alexandra C Solis Vice President 0.50 0.00 X 0 0 0 0 false false false 0 700 947802 948502 0 399471 399471 0 0 0 4837054 4835951 1103 1103 1103 6080 700 1990 4090 0 0 0 1353166 400574 577414 577414 0 0 0 0 0 47042 47042 0 600 600 3602 3602 122389 122389 0 14300 14300 0 0 119152 119152 2175 2175 825 825 2535 2535 691 691 0 0 0 0 289 289 0 0 1402 1402 17656 17656 Software Expenses 1803 1803 Computer Services 1646 1646 Printing and Publications 1595 1595 Postage and Shipping 1177 1177 1054 1054 917347 818955 98392 0 66147 177461 0 0 0 0 0 0 0 0 9024 7569 2857 1455 17181708 15015946 0 0 0 0 17250712 15194862 0 0 X 933161 820976 16317551 14373886 17250712 15194862 17250712 15194862 435819 -2491669 X false true X true false X 1032495 1026273 1138975 1128455 825413 5151611 0 0 1032495 1026273 1138975 1128455 825413 5151611 1335512 3816099 342075 364202 343756 401653 401051 1852737 0 48590 13862 14765 2300 3890 83407 7087755 0.53840 0.53530 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 36 426252 312227 7314188 true true 8072230 239659 -957756 301866 126746 7059697 7262154 336658 866738 203253 129020 8133277 8233860 288500 676900 186323 114143 8898794 6398525 1072767 1200287 319799 117920 8233860 6382154 467150 -181145 163321 106313 6398525 1.00000 false false false 9024 7569 1455 1455 1353166 1353166 1353166 917347 917347 917347 Part V, Line 4: Intended uses of the endowment fund. Part V Line 4: Intended Uses of Endowments: Endowment Funds are intended to be used for grant making purposes to charitable organizations in perpetuity. true Bethany House of Laredo 817 Hidalgo St Laredo TX 78040 742317098 5507 0 Operating Expenses Boys and Girls Club of Laredo 500 Moctezuma St Laredo TX 78040 741152598 45572 0 Operating Expenses Casa De Misericordia 1000 Mier St Laredo TX 78040 742912461 13180 0 Operating Expenses Christ Church Episcopal 2320 Lane Laredo TX 78043 741238419 33384 0 Operating Expenses Church of Christ of Laredo 5901 McPherson Rd Ste 10B Laredo TX 78041 815224886 20000 0 Operating Expenses Communities in Schools 2114 Saunders St Laredo TX 78041 742586218 5723 0 Operating Expenses Holy Family Catholic Church 2702 Stone Ave Laredo TX 78040 742623353 5328 0 Operating Expenses Junior Achievement of South T 313 W Village Blvd Ste 11 Laredo TX 78041 742061852 10155 0 Operating Expenses Kidney Foundation of Laredo PO Box 440313 Laredo TX 78044 742272533 7220 0 Operating Expenses Landon School 3101 Wilson Ln Bethesda MD 20817 520635092 50000 0 Operating Expenses Laredo Center For The Arts 500 San Agustine Ave Laredo TX 78040 742131194 8020 0 Operating Expenses Laredo Community College 1 West End Washington St Laredo TX 78040 746001582 28877 0 Scholarships Martin High School 2002 San Bernardo Ave Laredo TX 78040 746001580 7193 0 Operating Expenses Rio Grande International Stud West End Washington St P11 Laredo TX 78040 742742037 6391 0 Operating Expenses Ruthe B Cowl Rehabilitation 1220 N Malinche Ave Laredo TX 78043 741359405 8685 0 Operating Expenses Sacred Heart Childrens Home 3310 S Zapata Hwy Laredo TX 78046 530196617 8728 0 Operating Expenses South Texas Food Bank 2121 Jefferson St Laredo TX 78040 742574983 8621 0 Operatng Expenses St Augustine School 1300 Galveston St Laredo TX 78040 742521504 5324 0 Scholarships St Francis Cabrini Church 3018 Davis Ave Laredo TX 78040 741632459 17000 0 Operating Expenses Texas A&M International Unive 5201 University Blvd Laredo TX 78041 742603619 118879 0 Scholarships Texas A&M University PO Box 30016 College Station TX 77842 746000531 16000 0 Scholarships United Way of Laredo 1815 Hillside Rd Laredo TX 78041 741543862 14400 0 Operating Expenses University of Texas at Austin 2515 Speedway Austin TX 78712 746000203 10875 0 Scholarships University of Texas at San An 1 UTSA Circle San Antonio TX 78249 741717115 11000 0 Scholarships 18 6 Additional Supplemental Information Other: Part II, Line 1: All university/college grants are sent to the student scholarship departments and are utilized for the student's tuition, books and student fees assessed by the university/college. Grantmaker's Description of How Grants are Used Grants are reviewed by the Grant committee and upon recommendation to and approval by the board, the grant is awarded. All released grants are accompanied by a letter specifying the use of the funds, reporting requirements and deadlines, if required. The Grant committee then reviews compliance of grant use by the deadline prescribed Form 990, Part VI, Section B, Line 11b Members of the Executive Committee, charged with the management of the organization by authority of its entire governing body, received the draft Form 990 via email, reviewed the same for accuracy and completeness to the best of their knowledge, and provided their comments and questions to the same prior to finalizing and filing. Form 990, Part VI, Section B, Line 12c Each board member and each employee are required to disclose potential conflicts of interest with them and their family members annually. The board meets the first Wednesday of each month to discuss financial reports and at such time potential conflicts can be discussed. Form 990, Part VI, Section B, Line 15b The organization's top management official is the President and Executive Director who is a volunteer and does not receive any form of compensation from the organization. The process for determining compensation for the organization's office manager included a review by a hiring committee of comparable compensation for similar administrative employees for other community foundations and life positions with the local university. Form 990, Part VI, Section C, Line 19 Governing documents, conflicts of interest policy and financialreports are available at the organization's office upon request. The foundation publishes its address, phone # and website.