2025-01-17T14:35:39-08:00 2023-12-31 263988942 CANALES GARZA & BAUM PLLC PO BOX 3627 LAREDO TX 78044 990 2023-01-01 311742706 Laredo Area Community Foundation LARE 9563262845 PO Box 450223 Laredo TX 78045 Juan M Caballero Treasurer 2025-01-17 true true Juan Jose Garza CPA P00534273 9567241111 X 2023 2024-10-15 13:58:12Z PO Box 450223 Laredo TX 78045 1743554 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. 14 14 2 0 948502 1303814 0 400574 439740 4090 0 1353166 1743554 577414 651893 0 51244 63906 0 0 288689 300497 917347 1016296 435819 727258 15194862 17493744 0 15194862 17493744 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 907714 1743554 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. 907714 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 true false false false false false false false false true 5 0 true 2 true false false false false false false false 0 false false false false false false false X 14 14 false false false false false false false true true false false true true true true true true false true false X Celina Summers 9563262845 5201 University Blvd Laredo TX 78045 X Juan J Castillo Director 0.50 0.00 X 0 0 0 Matias de Llano III Director 0.50 0.00 X 0 0 0 Roy S Franklin Director 0.50 0.00 X 0 0 0 William B Green Director 0.50 0.00 X 0 0 0 Candy Hein Director 0.50 0.00 X 0 0 0 Ricardo E Morales Director 0.50 0.00 X 0 0 0 Diana Ortiz Director 0.50 0.00 X 0 0 0 Jeremy Peters 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 Christine Holliday Cerda President 0.50 0.00 X 0 0 0 Alexandra C Solis Vice Presiden 0.50 0.00 X 0 0 0 Jennifer Beckelhymer Secretary 0.50 0.00 X 0 0 0 Juan M Caballero Treasurer 0.50 0.00 X 0 0 0 0 false false false 0 1303814 193089 1303814 0 439740 439740 0 0 0 0 0 0 0 0 1743554 439740 651893 651893 0 0 0 0 0 56793 56793 0 2700 2700 4413 4413 134265 134265 0 0 0 0 121280 121280 21250 21250 1332 1332 2827 2827 0 0 0 0 0 1869 1869 0 0 1445 1445 6829 6829 Computer Services 4733 4733 Dues & Subscriptions 2245 2245 Postage and Shipping 1405 1405 Telephone 673 673 344 276 68 1016296 907714 108582 0 177461 183752 0 0 0 0 0 0 0 0 11296 9014 1455 2282 15015946 17307710 0 0 0 0 15194862 17493744 0 0 X 820976 7995757 14373886 9497987 15194862 17493744 15194862 17493744 727258 1571624 X false true X true false X 1026273 1138975 1128455 825413 1166422 5285538 0 0 1026273 1138975 1128455 825413 1166422 5285538 0 5285538 364202 343756 401653 401051 439740 1950402 0 13862 14765 2300 3890 3126 37943 7273883 0.72660 0.53840 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 37 725050 298604 7087652 true true 7059697 1813195 1119624 341273 153256 9497987 8072230 239659 -957756 301866 126746 7059697 7262154 336658 866738 203253 129020 8133277 8233860 288500 676900 186323 114143 8898794 6398525 1072767 1200287 319799 117920 8233860 1.00000 false false false 11296 9014 2282 2282 3315178 1571624 1571624 1743554 1743554 1016296 1016296 1016296 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 Boys and Girls Club of Laredo 500 Moctezuma St Laredo TX 78040 741152598 41033 0 Operating Expenses Casa De Misericordia 1000 Mier St Laredo TX 78040 742912461 8968 0 Operating Expenses Christ Church Episcopal 2320 Lane Laredo TX 78043 741238419 40286 0 Operating Expenses Concordia University Texas 11400 Concordia University Dr Austin TX 78726 741161941 8796 0 Operating Expenses Cotulla Childrens Museum PO Box 659 Cotulla TX 78014 901132747 58528 0 Operating Expenses Daphne Art Foundation PO Box 6238 Laredo TX 78042 842472536 6500 0 Operating Expenses Junior Achievement of Laredo 313 West Village Blvd Laredo TX 78041 742061852 12491 0 Operating Expenses Laredo Church of Christ 9202 Backwoods Trail Laredo TX 78045 815224886 21500 0 Operating Expenses Laredo College 1 West End Washington St Laredo TX 78040 746001582 47524 0 Scholarships Laredo Philharmonic Orchestra PO Box 451644 Laredo TX 78045 742169044 13865 0 Operating Expenses Laredo Theater Guild Intl PO Box 451337 Laredo TX 78045 203172732 15120 0 Operating Expenses Literacy Volunteers of Laredo 202 W Plum Street Laredo TX 78040 742499050 7000 0 Operating Expenses Mercy Ministries of Laredo 2500 Zacatecas St Laredo TX 78046 200198462 7687 0 Operating Expenses San Francisco Javier Church 2502 Zaragoza Street Laredo TX 78040 742680914 17000 0 Operating Expenses St Augustine School 1300 Galveston Street Laredo TX 78040 742521504 5278 0 Scholarships Texas A&M International Unive 5201 University Blvd Laredo TX 78041 742603619 109638 0 Scholarships Texas A&M University PO Box 30016 College Station TX 77842 746000531 18500 0 Scholarships United Way of Laredo 1815 Hillside Rd Laredo TX 78041 741543862 17337 0 Operating Expenses University of Texas at Austin 2515 Speedway Austin TX 78712 746000203 15000 0 Scholarships University of Texas at RGV 1201 West University Drive Edinburg TX 78539 465292740 9000 0 Scholarships University of Texas at San An 1 UTSA Circle San Antonio TX 78249 741717115 11500 0 Scholarships Volunteers Serving the Need 1202 Salinas Ave Laredo TX 78040 271143556 5044 0 Operating Expenses 22 22 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. X 1 193089 false false false 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.