Nonprofit · EIN 74-1623486
GREATER LAREDO DEVELOPMENT FOUNDATION
Tax-exempt · LAREDO, TX 78041
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $1,300,713 | $1,149,596 | $151,117 | $1,047,737 | $3,764 | $1,043,973 |
| September 30, 2024 | 990 | $1,180,412 | $1,049,498 | $130,914 | $893,969 | $1,839 | $892,130 |
| September 30, 2023 | 990 | $892,960 | $884,053 | $8,907 | $254,556 | $7,032 | $247,524 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $817,643
- of which government grants
- $590,000
- Membership dues
- $196,375
- Program service revenue
- $431,890
- Investment income
- $19,280
- Other revenue
- $31,900
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $487,832
- Salaries, compensation and benefits (total)
- $583,827
- Professional fundraising fees
- $0
- Occupancy
- $121,837
- Travel
- $23,433
- Depreciation
- $19,239
- Program services (functional)
- $862,197
- Management and general (functional)
- $287,399
Balance sheet and other
- Total assets, start of year
- $893,969
- Total assets, end of year
- $1,047,737
- Total liabilities, end of year
- $3,764
- Net assets, end of year
- $1,043,973
- Land, buildings and equipment
- $93,486
- Net assets without donor restrictions
- $1,043,973
- Gross receipts
- $1,300,713
- Employees
- 10
- State of legal domicile
- TX
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Tony Arce | Officer Trustee or director, Officer | 2 | $0 |
| Edward Sherwood | Board Member Trustee or director | 1 | $0 |
| Guillermo Trevino | Board Member Trustee or director | 1 | $0 |
| Councilman Ricardo Garza | Board Member Trustee or director | 1 | $0 |
| Dr Luis Perez Batres | Board Member Trustee or director | 1 | $0 |
| John Villarreal | Treasurer Trustee or director, Officer | 2 | $0 |
| Hector Alaniz | Secretary Trustee or director, Officer | 2 | $0 |
| Steve Whitworth | Attorney Trustee or director, Officer | 2 | $0 |
| Dr Diana Y Ortiz | Board Member Trustee or director | 1 | $0 |
| Gene Lindgren | Officer Trustee or director, Officer | 2 | $0 |
| Dr Rolando Ortiz | Officer Trustee or director, Officer | 2 | $0 |
| Bill Green | Past Chairman Trustee or director, Officer | 2 | $0 |
| Alma Acevedo | Board Member Trustee or director | 1 | $0 |
| Eddie Aldrete | Board Member Trustee or director | 1 | $0 |
| Ruben Soto Jr | Board Member Trustee or director | 1 | $0 |
14 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kurt AJ Kraus | Board Member Trustee or director | 1 | $0 |
| Ignacio Urrabazo Jr | Chairman Trustee or director, Officer | 2 | $0 |
| Lupita R Canales | Immediate Chair Trustee or director, Officer | 2 | $0 |
| Elmo Lopez | Board Member Trustee or director | 1 | $0 |
| Olivia Varela-Santos | Officer Trustee or director, Officer | 2 | $0 |
| Councilman Dr Tyler King | Board Member Trustee or director | 1 | $0 |
| Jose Valdez Jr | Board Member Trustee or director | 1 | $0 |
| Gilbert Sanchez | Board Member Trustee or director | 1 | $0 |
| Reagan MacDonald | Board Member Trustee or director | 1 | $0 |
| James Flores | Board Member Trustee or director | 1 | $0 |
| James Notzon | Vice President Trustee or director, Officer | 2 | $0 |
| Monica Y Martinez | Board Member Trustee or director | 1 | $0 |
| Justin Heather | Board Member Trustee or director | 1 | $0 |
| Andrew Carranco | Board Member Trustee or director | 1 | $0 |
990 for the year ended September 30, 2024: 29 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Tony Arce | Past Chairman Trustee or director, Officer | 2 | $0 |
| Ed Sherwood | Board Member Trustee or director | 1 | $0 |
| Guillermo Trevino | Board Member Trustee or director | 1 | $0 |
| Alfonso Arguindegui | Board Member Trustee or director | 1 | $0 |
| Emilio Richer | Secretary Trustee or director, Officer | 2 | $0 |
| John Villarreal | Treasurer Trustee or director, Officer | 2 | $0 |
| Hector Alaniz | Vice Chariman Trustee or director, Officer | 2 | $0 |
| Steve Whitworth | Attorney Trustee or director, Officer | 2 | $0 |
| Dr Diana Y Ortiz | Board Member Trustee or director | 1 | $0 |
| Rolando Ortiz | Past Chairman Trustee or director, Officer | 2 | $0 |
| Bill Green | Past Chairman Trustee or director, Officer | 2 | $0 |
| Daniel B Hastings III | Board Member Trustee or director | 1 | $0 |
| Eddie Aldrete | Board Member Trustee or director | 1 | $0 |
| Ruben Soto | Vice Chairman Trustee or director, Officer | 2 | $0 |
| Chris Haynes | Vice Chairman Trustee or director | 1 | $0 |
| Kurt AJ Kraus | Board Member Trustee or director | 1 | $0 |
| Ignacio Urrabazo | Chairman Trustee or director, Officer | 2 | $0 |
| Lupita R Canales | Immediate Chair Trustee or director, Officer | 2 | $0 |
| Elmo Lopez | Vice Chairman Trustee or director, Officer | 2 | $0 |
| Olivia Varela-Santos | Vice Chairman Trustee or director, Officer | 2 | $0 |
| Dr Tyler King | Board Member Trustee or director | 1 | $0 |
| Jose Valdez | Board Member Trustee or director | 1 | $0 |
| Gilbert Sanchez | Board Member Trustee or director | 1 | $0 |
| Reagan MacDonald | Board Member Trustee or director | 1 | $0 |
| James Flores | Board Member Trustee or director | 1 | $0 |
| James Notzon | Board Member Trustee or director | 1 | $0 |
| Monica Y Martinez | Board Member Trustee or director | 1 | $0 |
| Councilman Ruben Gutierrez | Board Member Trustee or director | 1 | $0 |
| Justin Heather | Board Member Trustee or director | 1 | $0 |
990 for the year ended September 30, 2023: 28 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Tony Arce | Past Chairman Trustee or director, Officer | 2 | $0 |
| Ed Sherwood | Board Member Trustee or director, Officer | 2 | $0 |
| Guillermo Trevino | Board Member Trustee or director | 1 | $0 |
| Alfonso Arguindegui | Board Member Trustee or director | 1 | $0 |
| Emilio Richer | Secretary Trustee or director, Officer | 2 | $0 |
| John Villarreal | Treasurer Trustee or director, Officer | 2 | $0 |
| Hector Alaniz | Vice Chariman Trustee or director | 1 | $0 |
| Steve Whitworth | Attorney Trustee or director, Officer | 2 | $0 |
| Dr Steve Sears | Vice Chairman Trustee or director, Officer | 2 | $0 |
| Nativido Lozano | Board Member Trustee or director | 1 | $0 |
| Rolando Ortiz | Past Chairman Trustee or director, Officer | 2 | $0 |
| Bill Green | Past Chairman Trustee or director, Officer | 2 | $0 |
| Daniel B Hastings III | Vice Chairman Trustee or director, Officer | 2 | $0 |
| Eddie Aldrete | Board Member Trustee or director | 1 | $0 |
| Ruben Soto | Vice Chairman Trustee or director, Officer | 2 | $0 |
| Chris Haynes | Vice Chairman Trustee or director | 2 | $0 |
| Cliffe Killiam | Board Member Trustee or director | 1 | $0 |
| Ignacio Urrabazo | Chairman Trustee or director, Officer | 2 | $0 |
| Lupita R Canales | Immediate Chair Trustee or director, Officer | 2 | $0 |
| Elmo Lopez | Vice Chairman Trustee or director, Officer | 2 | $0 |
| Olivia Varela-Santos | Vice Chairman Trustee or director | 2 | $0 |
| Dr Tyler King | Board Member Trustee or director | 1 | $0 |
| Ruben Gutierrez | Board Member Trustee or director | 1 | $0 |
| Gilbert Sanchez | Board Member Trustee or director | 1 | $0 |
| Reagan MacDonald | Board Member Trustee or director | 1 | $0 |
| James Flores | Board Member Trustee or director | 1 | $0 |
| James Notzon | Board Member Trustee or director | 1 | $0 |
| Mike Marasco | Board Member Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 616 LEAL ST, LAREDO, TX 78041-3874
- Signed the 990
- David A Stedman, President & CEO
- Phone
- (956) 722-0563
- Return prepared by
- CANALES GARZA & BAUM PLLC
Mission
Promote Laredo as an industrial site
Program accomplishments
- Promotion of Laredo as an Industrial Site and operation of industry information center for new businesses in the areaExpenses $862,197
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 15, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 16, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 17, 2025 | 990 on file |
IRS record
- EIN
- 74-1623486
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2023
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S31)
- Assets (IRS master file)
- $1,047,737
- Income (IRS master file)
- $1,300,713
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $1,300,713 | $1,149,596 | $1,047,737 | XML |
| 990 | September 2024 | $1,180,412 | $1,049,498 | $893,969 | XML |
| 990 | September 2023 | $892,960 | $884,053 | $254,556 | XML |
| 990 | September 2022 | $728,926 | $810,785 | $242,339 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 74-1623486).
Questions about GREATER LAREDO DEVELOPMENT FOUNDATION
- What is the EIN of GREATER LAREDO DEVELOPMENT FOUNDATION?
- The employer identification number (EIN) of GREATER LAREDO DEVELOPMENT FOUNDATION is 74-1623486.
- Is GREATER LAREDO DEVELOPMENT FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to GREATER LAREDO DEVELOPMENT FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GREATER LAREDO DEVELOPMENT FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of GREATER LAREDO DEVELOPMENT FOUNDATION due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GREATER LAREDO DEVELOPMENT FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who are the officers and directors of GREATER LAREDO DEVELOPMENT FOUNDATION?
- The 990 for the year ended September 30, 2025 lists 29 people; 0 received compensation from the organization.
- How much revenue does GREATER LAREDO DEVELOPMENT FOUNDATION have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $1,300,713, expenses of $1,149,596 and total assets of $1,047,737 at year end.
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All nonprofits in LAREDO · Texas · Community improvement and capacity building