Rio-south Texas Education and Community Development Foundation Inc

Nonprofit profile at a glance

EIN
237393210
IRS 990-PF coverage
2019–2023
Forms available
Form 990 2018, Form 990-PF 2023
Location
Mission, TX, USA
Phone
9566826371
Rating
91
Verdict
STRONG
Rating confidence
Standard
Sector
Nonmonetary Support N.E.C.

Reported finances

Revenue
$1,273,079
Expenses
$3,007,500

Source: IRS Form 990-PF. Selected filing: tax year 2023. Amounts in USD.

Overview

Mission

Nonmonetary Support N.E.C.

What it reported funding in 2023

The foundation reported 11 filed grant rows totaling $2,399,515. The stated grant purposes included co-host sponsorship of the texas philanthropy leadership circle which is an annual convening of texas education funders to highlight and uplift promising and innovative programs, policy work, and collaborative partnerships in public and higher educations. it provides best practices in education and provides a forum for institutional grantmakers to learn from experts and each other., benefits students that are seeking to attend laredo college industry workforce training programs and are seeking transition to employment or higher education., and supports up to 23 students who may become part of the texas border region's future workforce, particulary in the wfs service area of hidalgo, starr, and willacy counties. the lead internship initiative bridges the gap between employers and students by engaging them in meaningful paid work experience and identifying potential future employees possessing necessary skills to excel within their organizations., plus 8 other reported purposes.

Operating model

Revenue model
Investment-supported. 100% of the foundation's positive operating resources came from recurring investment income.
Distribution model
Grant intermediary. The foundation distributed 83% of its reported charitable disbursements as grants.
  • Includes asset-sale income: Asset-sale income is shown separately from recurring resources when classifying the revenue model.

The verdict

STRONG - A large share of available resources goes to charitable grants and the filed numbers largely add up. Assets provide a limited cushion relative to annual grants and the available information about grant readiness federal audit leaves an important question unanswered.

Rating breakdown

  • Grant Deployment: 100
  • Cost Efficiency: 80
  • Transparency: 100
  • Compliance: 100
  • Endowment Health: 50

Detailed rating inputs

Grant Deployment

  • Grant deployment ratio: 100%; rating input score 100; 74th percentile among comparable filings

Cost Efficiency

  • Grant expense ratio: 79.8%; rating input score 80; 40th percentile among comparable filings

Transparency

  • Grant recipient disclosure: Yes; rating input score 100

Compliance

  • Foundation activity disclosures: 19 of 19 controls in place; rating input score 100
    • Property sale or exchange with a disqualified person: Pass
    • Borrowing from or lending to a disqualified person: Pass
    • Goods, services, or facilities involving a disqualified person: Pass
    • Compensation paid to a disqualified person: Pass
    • Assets transferred to a disqualified person: Pass
    • Payment to a government official: Pass
    • Uncorrected prior self-dealing: Pass
    • Prior-year undistributed income: Pass
    • Excess business holdings: Pass
    • Investments that may jeopardize charitable purposes: Pass
    • Uncorrected prior-year jeopardizing investments: Pass
    • Attempt to influence legislation: Pass
    • Attempt to influence an election: Pass
    • Individual grants for travel, study or similar purposes: Pass
    • Grants outside qualifying charitable organization categories: Pass
    • Spending for a noncharitable purpose: Pass
    • Funds received for a personal-benefit contract: Pass
    • Premiums paid on a personal-benefit contract: Pass
    • Prohibited tax-shelter transaction: Pass
  • Filing consistency checks: 10; rating input score 100

Endowment Health

  • Endowment-health comparison: 18.33; rating input score 50; 50th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Grants: 100% of grant recipient detail disclosed
  • Payout: At least 100% grant deployment rate
  • Trustees: Filed trustees detail
  • Self-dealing: 100% of reviewed questions answered “No”
  • Investments: 50th percentile for endowment coverage
  • Consistency: 10 of 10 current checks pass
  • Filing history: 5 filing years from 2019 to 2023
  • Contacts: How to reach this organization
  • Money network: 16 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • Review — Endowment Health: Endowment-health comparison scored 50/100.
  • High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.