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Nonprofit · EIN 85-1210201

SOUTHSIDE FIRST ECONOMIC DEVELOPMENT COUNCIL

Tax-exempt · SAN ANTONIO, TX 78224

Financials

$240K$346K2023
Revenue Expenses · by fiscal year end
Financials of SOUTHSIDE FIRST ECONOMIC DEVELOPMENT COUNCIL by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2023990$240,099$345,706-$105,607$33,443$0$33,443
Financial details: 990 for the year ended December 31, 2023

Revenue

Contributions, gifts and grants
$170,599
of which government grants
$135,000
Program service revenue
$69,500
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$697
Compensation of officers, directors and key employees
$28,750
Other salaries and wages
$213,674
Salaries, compensation and benefits (total)
$261,824
Professional fundraising fees
$0
Legal fees
$50
Accounting fees
$3,245
Occupancy
$23,939
Travel
$1,568
Program services (functional)
$304,817
Management and general (functional)
$40,889

Balance sheet and other

Total assets, start of year
$139,050
Total assets, end of year
$33,443
Total liabilities, end of year
$0
Net assets, end of year
$33,443
Gross receipts
$240,099
Employees
8
Volunteers
3
Year formed
2020
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 December 31, 2023, highest compensation first.

NameTitleHours / weekCompensation
LINDA PEARSONINTERIM CEO
Officer
20$28,750
ANGELA LOERATREASURER
Trustee or director, Officer
2$0
JOE PENABOARD CHAIR
Trustee or director, Officer
2$0
MARK VARGASSECRETARY
Trustee or director, Officer
2$0

Address and contacts

Address (IRS master file)
7411 BARLITE BLVD PMB 240065, SAN ANTONIO, TX 78224-3401
Principal officer (990 for 2023)
JOE PENA, 2130 SW MILITARY DR SUITE 202, SAN ANTONIO, TX 78224
Signed the 990
LINDA PEARSON, INTERIM CEO
Phone
(210) 970-0936
Return prepared by
ARMSTRONG VAUGHAN & ASSOCIATES PC

Mission

TO HELP SMALL BUSINESSES AND ENTREPRENEURS ACHIEVE SUSTAINABILITY AND GROWTH TO CREATE POSITIVE GENERATIONAL IMPACT ON THE SOUTHSIDE OF SAN ANTONIO TEXAS

990 for the year ended December 31, 2023

Program accomplishments

  • TO HELP SMALL BUSINESSES AND ENTREPRENEURS ACHIEVE SUSTAINABILITY AND GROWTH TO CREATE POSITIVE GENERATIONAL IMPACT ON THE SOUTHSIDE OF SAN ANTONIO TEXAS
    Expenses $304,817 · grants $697 · revenue $69,500

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 December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025Not on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
85-1210201
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
2022
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$33,443
Income (IRS master file)
$240,099

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2023$240,099$345,706$33,443XML
990December 2022$325,000$185,950$139,050IRS

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 85-1210201).

Questions about SOUTHSIDE FIRST ECONOMIC DEVELOPMENT COUNCIL

What is the EIN of SOUTHSIDE FIRST ECONOMIC DEVELOPMENT COUNCIL?
The employer identification number (EIN) of SOUTHSIDE FIRST ECONOMIC DEVELOPMENT COUNCIL is 85-1210201.
Is SOUTHSIDE FIRST ECONOMIC DEVELOPMENT COUNCIL tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
Are donations to SOUTHSIDE FIRST ECONOMIC DEVELOPMENT COUNCIL tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does SOUTHSIDE FIRST ECONOMIC DEVELOPMENT COUNCIL 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 SOUTHSIDE FIRST ECONOMIC DEVELOPMENT COUNCIL due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did SOUTHSIDE FIRST ECONOMIC DEVELOPMENT COUNCIL last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2023.
Who is the principal officer of SOUTHSIDE FIRST ECONOMIC DEVELOPMENT COUNCIL?
The 990 for the year ended December 31, 2023 names JOE PENA.
Who are the officers and directors of SOUTHSIDE FIRST ECONOMIC DEVELOPMENT COUNCIL?
The 990 for the year ended December 31, 2023 lists 4 people; 1 received compensation from the organization, the highest $28,750 (LINDA PEARSON, INTERIM CEO).
How much revenue does SOUTHSIDE FIRST ECONOMIC DEVELOPMENT COUNCIL have?
On its 990 for the year ended December 31, 2023 it reported revenue of $240,099, expenses of $345,706 and total assets of $33,443 at year end.

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