Council on Regional Economic Expansion & Educational Dev Corp

Nonprofit profile at a glance

EIN
463444371
IRS 990 coverage
2014–2024
Forms available
Form 990 2024, Form 990-N 2013
Location
El Paso, TX, USA
Phone
9153517077
Rating
66
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Prison Alternatives

Official website

Reported finances

Revenue
$893,327
Expenses
$1,538,488
Assets
$295,505
Liabilities
$123,000

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

16 people listed

Highest reported compensation

  • EDUARDO RODRIGUEZ (ED/SEC/TR): $199,063 total reported compensation
  • NADIA TELLEZ (CHOOSE TO EXCEL DI): $137,751 total reported compensation
  • MANUEL SOTO JR (DATA DIRECTOR): $81,620 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To facilitate the formation and development of a strategically sustainablehighly skilled regional workforce with emphasis on hispanic demographic andeconomy capable of meeting market demand and competition for the greaterpaso del norte region in southwest Texas, southern New Mexico, and theadjacent international boundary with mexico.

What it reported doing in 2024

Providing quality education for all children but with specific focus on thehispanic demographic which, in spite of its size and growth, collectivelyunderperforms in terms of educational attainment, and given its size andgrowth will become the majority demographic in Texas with significantimplications to the Texas economy and its workforce skills, through grantsto other organizations. See schedule i for grants awarded in furtherance of the mission of creeed. In 2024 creeed corporation celebrated the 10th year of its support for quality public education through the various initiatives and programs, funded by its philanthropy through direct funding or by means of the creeed foundation but also in convening an education summit of education leadership at the k-12 level to highlight programs and actions that have resulted in elevating the grade level preparation for students in el paso county public schools, reflecting the potential of a higher percentage of students completing post-secondary education on a timely basis, without the need for remediation. The percentage increase reflects that the efforts are producing better results and elevating the percentage of students at grade level academic attainment.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 89% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 76
  • Transparency & Controls: 71
  • Accountability: 56
  • Sustainability: 7
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 59.8%; rating input score 60
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 86.7%; rating input score 87; 21st percentile among comparable filings
  • Governance controls: 1 of 9 controls in place; rating input score 12
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Limited
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -72.2%; rating input score 2; 2nd percentile among comparable filings
  • Total-asset coverage ratio: 0.19; rating input score 9; 9th percentile among comparable filings
  • Liabilities to assets ratio: 0.42; rating input score 19; 19th percentile among comparable filings
  • Officer compensation ratio: 27.2%; rating input score 8; 8th percentile among comparable filings

Growth

  • Program expense growth: 15.8% per year; rating input score 100; 76th percentile among comparable filings
  • Revenue growth: -14.7% per year; rating input score 0; 2nd percentile among comparable filings
  • Asset growth: 1.7% per year; rating input score 100; 24th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 59.8% of spending went to programs
  • Governance: 13 of 15 board members independent · 1 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $921K in reported program spending
  • Leadership: top reported pay $199K · 16 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $537K reported
  • Consistency: 25 of 25 current checks pass
  • Schedules: 5 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 10 filing years from 2014 to 2024
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • Related organizations: 2 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Accountability: Governance controls: 7 of 8 not reported.
  • High — Sustainability: Operating margin scored 2/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 9/100.
  • High — Sustainability: Officer compensation ratio scored 8/100.
  • High — Sustainability: Liabilities to assets ratio scored 19/100.