San Antonio Economic Development FY2021 filing

Not tax-deductible

San Antonio, TX501(c)(6)Since 1965EIN 74-1536482Revenue $6.9M in FY2021

On file with the IRSgreatersatx.com112 E Pecan St Ste 2635, 78205-1550 · San Antonio, TXTax-exempt since Oct 1972

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The mission of the San Antonio Economic Development foundation (saedf) is to lead the Development and diversification of San Antonio regional economy through the recruitment and expansion of quality employers and job producing investments.

$1.3M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $216K a year · 4% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$1.3M
to officers and key staff · 27% of spending
Worth a look: pay to officers and key staff is 27% of spending; over 20%.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 4.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $25K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.5M
34% of total assets
Looks good: liabilities are 34% of assets; 50% or less.
Pt X · Ln 26
Independent board members
23
of 24 voting members
Looks good: 23 of 24 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$6.9M
+105% vs prior year
Spent
$4.7M
Net assets
$3.0M
By yearFY2020–FY2024
Revenue
$6.9M
FY2021▲ +105%
Tap a bar for its year
Revenue by fiscal year
FY2020$3.4M
FY2021$6.9M
FY2022$6.0M
FY2023$5.3M
FY2024$6.0M
Expenses
$4.7M
FY2021▲ +62%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.9M
FY2021$4.7M
FY2022$5.6M
FY2023$6.5M
FY2024$6.7M
Net assets
$3.0M
FY2021▲ +270%
Tap a bar for its year
Net assets by fiscal year
FY2020$799K
FY2021$3.0M
FY2022$3.3M
FY2023$2.2M
FY2024$1.4M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1972.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

31 people listed on the 990; $1.3M paid to officers and key staff.

Part VII, Section A · reportable compensation
$334,991Pt VII · Sec A
Chief Development Officer
$178,060Pt VII · Sec A
Chief Administrative Officer
$142,500Pt VII · Sec A
Executive Vice President
$140,950Pt VII · Sec A
Executive Vice President
$131,729Pt VII · Sec A
Executive Vice President
$126,779Pt VII · Sec A
Senior Vice President
$101,652Pt VII · Sec A
Vice President
$100,585Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Jenna Saucedo-Herrera$436,800$404,894$349,375$334,991$343,750
Sarah Rush$291,083$261,070$260,422——
Cecilia Redmond$228,067$203,905———
Carmen Lara$189,885$178,083$158,540$142,500$132,425
Amber Gilbert$185,600$172,934$142,296——
Tom Long——$178,357$178,060$185,514
Ashley Gossen$185,513$155,900$123,383$100,585—
Sarah Morales$161,400$145,490$130,679——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Attracts and expands businesses to create jobs and diversify the regional economy.

Questions for San Antonio Economic Development

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Provided by the organization

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1 program · in their own filed words · FY2021
01

The san antonio economic development foundation (saedf) is a private, nonprofit organization that assists business and industry in locating and expanding into the san antonio REGION.SAEDF is supported by its partners (city of san antonio, bexar county, CPS energy, saws) and more than 200 voting and non-voting private sector investors.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2021
Total grants receivedfrom 1 funder$25K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$6.9M
Ln 12
Gifts and grantsLn 1h$5.1M
Fees for servicesLn 2g$1.9M
Investment incomeLn 3$706
Money outPt IX
$4.7M
Ln 25
Owns and owesPt X
$3.0M
net assets · Ln 32
Cash and savingsLn 1–2$1.8M
Total assetsLn 16$4.5M
LiabilitiesLn 26$1.5M
PeoplePt VI, VII
31
listed · VII A
PaidVII A8
Voting boardVI 1a24
IndependentVI 1b23
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$5.1M
Fees for servicesLn 2g$1.9M
Investment incomeLn 3$706
Total revenueLn 12$6.9M
Assets in detailPt X, end of year
CashLn 1$1.5M
SavingsLn 2$357K
Cash and savings togetherLn 1–2$1.8M
Land, buildings, equipmentLn 10c$221K
Other assetsLn 15$0
Total assetsLn 16$4.5M
LiabilitiesLn 26$1.5M
Net assetsLn 32$3.0M
OperationsPt I, VI
EmployeesI 519
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$618K$1.8M
Land, buildings, equipmentLn 10c$262K$221K
Total assetsLn 16$1.6M$4.5M
LiabilitiesLn 26$779K$1.5M
Net assetsLn 32$799K$3.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$695K
Other salaries and wagesLn 7$1.0M
Pension plan contributionsLn 8$63K
Other employee benefitsLn 9$115K
Payroll taxesLn 10$126K
Legal feesLn 11b$17K
Accounting feesLn 11c$32K
Other fees for servicesLn 11g$319K
Advertising and promotionLn 12$881K
Office expensesLn 13$94K
Information technologyLn 14$609K
OccupancyLn 16$99K
TravelLn 17$191
Conferences, conventions and meetingsLn 19$49K
InterestLn 20$16K
Depreciation, depletion and amortizationLn 22$45K
InsuranceLn 23$16K
Other expenses (24a–d)Ln 24$564K
Total functional expensesLn 25$4.7M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $6.0M$6.7M−$731K$1.4M 990 PDF
FY2023 $5.3M$6.5M−$1.1M$2.2M 990 PDF
FY2022 $6.0M$5.6M$356K$3.3M 990 PDF
FY2021 Viewing $6.9M$4.7M$2.2M$3.0M 990 PDF
FY2020 $3.4M$2.9M$442K$799K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $6,901,379 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,673,348$5,050,136
I-9 Program service revenuePrior year $1,688,000$1,850,537
I-10 Investment incomePrior year $11,777$706
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $3,373,125$6,901,379
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,864,650$2,001,195
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,066,523$2,740,962
I-18 Total expensesPrior year $2,931,173$4,742,157
I-19 Revenue less expensesPrior year $441,952$2,159,222
Part VI · Governance 23 of 24 board members independent, no flags
VI-1a Voting members of the governing body24
VI-1b Independent voting members23
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $6,901,379 across 6 lines filed
VIII-1b Membership dues$4,883,870
VIII-1f All other contributions, gifts and grants$166,266
VIII-1h Total contributions, gifts and grants$5,050,136
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,850,537$1,850,537
VIII-3 Investment incomeExcluded from tax $706$706
VIII-12 Total revenueRelated to mission $1,850,537 · Unrelated business $0 · Excluded from tax $706$6,901,379
Part IX · Statement of functional expenses $4,742,157 across 18 lines filed
IX-5 Pay of current officers, directors and key staff$695,305
IX-7 Other salaries and wages$1,001,821
IX-8 Pension plan contributions$62,774
IX-9 Other employee benefits$115,383
IX-10 Payroll taxes$125,912
IX-11b Legal fees$16,564
IX-11c Accounting fees$31,843
IX-11g Other fees for services$319,211
IX-12 Advertising and promotion$880,554
IX-13 Office expenses$93,815
IX-14 Information technology$609,012
IX-16 Occupancy$98,829
IX-17 Travel$191
IX-19 Conferences, conventions and meetings$48,847
IX-20 Interest$16,268
IX-22 Depreciation, depletion and amortization$45,014
IX-23 Insurance$16,452
IX-24 Other expenses (24a–d)$564,362
IX-25 Total functional expenses$4,742,157
Part X · Balance sheet $4,503,315 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $262,292$1,473,972
X-2 Savings and temporary cash investmentsStart of year $356,045$356,726
X-3 Pledges and grants receivableStart of year $404,875$698,641
X-4 Accounts receivableStart of year $238,100$1,748,485
X-9 Prepaid expenses and deferred chargesStart of year $0$4,927
X-10c Land, buildings and equipment, netStart of year $262,450$220,564
X-15 Other assetsStart of year $54,435$0
X-16 Total assetsStart of year $1,578,197$4,503,315
X-17 Accounts payable and accrued expensesStart of year $466,054$974,424
X-19 Deferred revenueStart of year $30,750$23,209
X-24 Unsecured notes and loans payableStart of year $0$295,225
X-25 Other liabilitiesStart of year $281,969$251,811
X-26 Total liabilitiesStart of year $778,773$1,544,669
X-27 Net assets without donor restrictionsStart of year $718,115$2,818,643
X-28 Net assets with donor restrictionsStart of year $81,309$140,003
X-32 Total net assets or fund balancesStart of year $799,424$2,958,646
X-33 Total liabilities and net assetsStart of year $1,578,197$4,503,315
Part XI · Reconciliation of net assets $2,958,646 net assets at year end
XI-1 Total revenue$6,901,379
XI-2 Total expenses$4,742,157
XI-3 Revenue less expenses$2,159,222
XI-4 Net assets at start of year$799,424
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,958,646

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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