Avenida Guadalupe Association in San Antonio, Texas (TX)

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Avenida Guadalupe Association
Employer Identification Number (EIN)742148804
Name of OrganizationAvenida Guadalupe Association
Address1313 Guadalupe St Ste 100, San Antonio, TX 78207-5547
ActivitiesArea development, redevelopment of renewal
SubsectionCharitable Organization
Ruling Date05/1986
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period09/2012
Assets$1,000,000 to $4,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$4,611,498
Amount of Income$2,077,531
Form 990 Revenue Amount$1,464,548
National Taxonomy of Exempt Entities (NTEE)Community Improvement, Capacity Building: Economic Development


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Amount of income in 2012: $2,077,531
This organization: 

 $2,077,531
Other organizations performing similar types of work: 

 $679,123

Assets in 2012: $4,611,498
This organization: 

 $4,611,498
Other organizations performing similar types of work: 

 $2,175,928

Expenses in 2002: $325,782
Avenida Guadalupe Association: 

 $325,782
Other organizations performing similar types of work: 

 $639,562

Income to expenses ratio in 2002: 1.9
Avenida Guadalupe Association: 

 1.9
Other organizations performing similar types of work: 

 1.1

Expenses allocated to program services in 2002: 72.7%
This organization: 

 72.7%
Other organizations performing similar types of work: 

 16.8%

Number of employees in 2002: 8
This organization: 

 8
Other organizations performing similar types of work: 

 9

Employees paid over $50,000 in 2002: 12.5%
This organization: 

 12.5%
Other organizations performing similar types of work: 

 2.6%

Grants share in income in 2002: 67.9%
Avenida Guadalupe Association: 

 67.9%
Other organizations performing similar types of work: 

 38.9%

Financial snapshot ($)

Revenue for 2002

Assets at end of 2002

Expenses for 2002

Functional Expenses for 2002 ($)

Income-Producing Activities for 2002

Revenue, Expenses, and Changes in Net Assets or Fund Balances
200020012002
Total revenue$428,400$637,628$630,985
Contributions, gifts, grants, and similar amounts received$301,679$506,497$428,416
Contributions to donor advised funds
Direct public support$89,043$227,087$78,673
Indirect public support$0$0$0
Government contributions (grants)$212,636$279,410$349,743
Program service revenue including government fees and contracts$0$49,454$139,236
Membership dues and assessments$0$0$0
Interest on savings and temporary cash investments$0$0$0
Dividends and interest from securities$24,683$15,119$12,144
Net rental income or (loss)$-11,671$19,323$22,148
Gross rents$319,761$341,031$367,530
Less: rental expenses$331,432$321,708$345,382
Other investment income$0$0$0
Gain or (loss) from sales of assets other than inventory$0$0$0
Gross amount from sales of assets other than inventory$0$0$0
Less: cost or other basis and sales expenses$0$0$0
Net income or (loss) from special events and activities$113,709$47,235$29,041
Gross revenue$172,708$156,831$126,001
Less: direct expenses other than fundraising expenses$58,999$109,596$96,960
Gross profit or (loss) from sales of inventory$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0
Less: cost of goods sold$0$0$0
Other revenue$0$0$0
Total expenses$259,372$355,619$325,782
Program services$197,803$276,517$236,728
Management and general$61,569$79,102$89,054
Fundraising$0$0$0
Payments to affiliates$0$0$0
Net assets or fund balances at end of year$3,397,496$3,485,522$4,315,029
Excess or (deficit) for the year$169,028$282,009$305,203
Net assets or fund balances at beginning of year$3,422,451$3,397,496$4,203,809
Other changes in net assets or fund balances$-193,983$-193,983$-193,983
Statement of Functional Expenses (for 2002)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$325,782$236,728$89,054$0
Grants paid from donor advised funds
Other grants and allocations$18,895
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$0$0$0$0
Compensation of former officers, directors, key employees, etc.
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Salaries and wages of employees not included above$226,158$189,186$36,972$0
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$0$0$0$0
Payroll taxes$0$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$0$0$0$0
Legal fees$0$0$0$0
Supplies$9,683$1,500$8,183$0
Telephone$5,186$4,627$559$0
Postage and shipping$8,593$2,520$6,073$0
Occupancy$2,037$0$2,037$0
Equipment rental and maintenance$14,155$5,315$8,840$0
Printing and publications$0$0$0$0
Travel$0$0$0$0
Conferences, conventions, and meetings$0$0$0$0
Interest$2,140$1,600$540$0
Depreciation, depletion, etc.$11,112$0$11,112$0
Other expenses not covered above$27,823$13,085$14,738$0
Balance Sheets
200020012002
Total assets$3,709,844$4,253,259$4,542,522
Cash - non-interest-bearing$237,440$240,592$86,068
Savings and temporary cash investments$665,715$801,560$538,696
Accounts receivable less allowance for doubtful accounts$21,569$54,725$154,766
Pledges receivable less allowance for doubtful accounts$40,537$5,774$100,000
Grants receivable$27,420$148,533$16,786
Receivables from current and former officers, directors, trustees, and key employees$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Other notes and loans receivable less allowance for doubtful accounts$0$0$0
Inventories for sale or use$0$0$0
Prepaid expenses and deferred charges$0$18,766$18,841
Investments - publicly-traded securities
Investments - other securities$0$0$0
Investments - land, buildings, and equipment less accumulated depreciation$2,717,163$2,983,309$3,627,365
Investments - other$0$0$0
Land, buildings, and equipment less accumulated depreciation$0$0$0
Other assets, including program-related investments$0$0$0
Total liabilities$312,348$767,737$227,493
Accounts payable and accrued expenses$5,876$9,518$4,331
Grants payable$0$0$0
Deferred revenue$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0
Tax-exempt bond liabilities$0$0$0
Mortgages and other notes payable$297,656$750,009$213,203
Other liabilities$8,816$8,210$9,959
Total liabilities and net assets/fund balances$3,709,844$4,253,259$4,542,522
Total net assets or fund balances$3,397,496$3,485,522$4,315,029
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
200020012002
Total revenue$428,400$637,628$630,985
Total revenue, gains, and other support per audited financial statements$759,832$959,336$1,073,327
Other expenses$331,432$321,708$442,342
Net unrealized gains on investments$0$0$0
Donated services and use of facilities$0$0$0
Recoveries of prior year grants$0$0$0
Other$331,432$321,708$442,342
Other revenue$0$0$0
Investment expenses$0$0$0
Other$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
200020012002
Total expenses$259,372$355,619$325,782
Total expenses and losses per audited financial statements$590,804$677,327$768,124
Other revenue$331,432$321,708$442,342
Donated services and use of facilities$0$0$0
Prior year adjustments$0$0$0
Losses$0$0$0
Other$331,432$321,708$442,342
Other expenses$0$0$0
Investment expenses$0$0$0
Other$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings0
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?
Does the organization have a written conflict of interest policy?
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?
Did the organization acquire a direct or indirect interest in any applicable insurance contract?
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?
Number of employees employed in the pay period that includes March 12, 20068
Analysis of Income-Producing Activities (for 2002)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$202,569$0
Program service revenue
Program service revenue 1000000$000$0$0
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$0Income from an activity that is not regularly carried on (section 512(a)(1))$139,236$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$000$0$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$12,144$0
Net rental income or (loss) from real estate
debt-financed property000000$0Section 501(c)(3) organization - Income from an activity carried on primarily for the convenience of the organization's members, students, patients, visitors, officers, or employees (hospital parking lot or museum cafeteria, for example) (section 513(a)(2))$22,148$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$000$0$0
Net income or (loss) from special events000000$0Income from an activity that is not regularly carried on (section 512(a)(1))$29,041$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2002)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2002)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$70,000$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2002)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
Enter the total number of donor advised funds owned at the end of the tax year
Enter the aggregate value of assets held in all donor advised funds owned at the end of the tax year
Enter the total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts
Enter the aggregate value of assets held in all funds or accounts included above at the end of the tax year
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that receives a substantial part of its support from a governmental unit or from the general public
Support Schedule
199920002001
Total$862,787$818,831$1,772,100
Gifts, grants, and contributions received$315,838$301,679$1,224,784
Membership fees received$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$204,573$172,708$206,285
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$342,376$344,444$341,031
Net income from unrelated business activities not included above$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0
Other income$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2002)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$875,306
Contributions, Gifts, Grants and Other Similar Amounts$771,126
Program Service Revenue$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$19,095
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$41,130
Gross rents (Real / Personal)$628,284 / $0
Less: rental expenses (Real / Personal)$587,154 / $0
Rental income or (loss) (Real / Personal)$41,130 / $0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$43,955
Gross income from fundraising events$173,225
Less: direct expenses$129,270
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2011)
Total functional expenses$529,124
Compensation of current officers, directors, trustees, and key employees$85,000
Other salaries and wages$0
Payroll taxes$0
Professional fundraising services$7,075
Other$437,049
Balance Sheet (for 2011)
Total assets$4,006,152
Total liabilities$68,402
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other$68,402
Total net assets or fund balances$3,937,750
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2011)
2007 - 2011 Total
Total Support$6,263,784
Gifts, grants, contributions, and membership fees received$3,254,299
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$3,009,485
Gross receipts from related activities, etc.$0
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Maryland Economic Development Corporation300 E Lombard St Ste 1000, Baltimore, MD 21202-3228MD1986-09$132,720,872
2Bristol Bay Economic Development Corporation, BbedcPO BOX 1464, Dillingham, AK 99576-1464AK1993-07$79,211,075
3Orlando Orange County Convention & Visitors Bureau Inc6700 Forum Drive No 100, Orlando, FL 32821-8086FL1985-07$56,005,045
4Calvert Social Investment Foundation Inc7315 Wisconsin Ave 11th, Bethesda, MD 20814MD1989-06$42,788,175
5Norton Sound Economic Development Corporation420 L St Ste 310, Anchorage, AK 99501-1971AK1993-09$38,514,557
6Nyc & Company Inc810 Seventh Avenue 3rd Floor, New York, NY 10019-5896NY1948-12$37,416,736
7San Diego Convention Corporation Inc111 W Harbor Dr, San Diego, CA 92101-7822CA1989-11$31,121,372
8Yukon Delta Fisheries Development Association2200 6th Ave Ste 707, Seattle, WA 98121-1855WA1993-12$31,033,223
9Manned Space Flight Education Foundation Incorporated1601 Nasa Pkwy, Houston, TX 77058-3145TX1987-09$18,809,441
10Greater Houston Partnership Inc1200 Smith St Ste 700, Houston, TX 77002-4400TX1990-07$13,740,515
11Edinburg Economic Development CorporationPO BOX 1079, Edinburg, TX 78540-1079TX1992-04$9,769,425
12Fort Worth Convention And Visitors Bureau111 W 4th Street, Fort Worth, TX 76102-3950TX1987-07$8,499,100
13Greater Brownsville Incentives CorporationPO BOX 911, Brownsville, TX 78522-0911TX1992-08$6,785,784
14Corpus Christi Area Convention And Tourist Bureau Inc101 N Shoreline Blvd Ste 430, Crp Christi, TX 78401-2825TX1957-08$3,390,681
15Economic Development Corporation Of Weslaco275 S Kansas Ste A, Weslaco, TX 78596-6158TX1992-03$2,999,780
16Mission Economic Development Authority Inc901business Park Dr, Mission, TX 78572-6048TX1991-08$2,167,753
17Avenida Guadalupe Association1313 Guadalupe St Ste 100, San Antonio, TX 78207-5547TX1986-05$2,077,531
18Jacksonville Development CorporationPO BOX 1604, Jacksonville, TX 75766-1604TX1997-09$1,716,147
19Marshall Economic Development CorpMarshall, TX 75671TX$1,653,542
20Killeen Economic Development Corporation1 Santa Fe Plaza Dr, Killeen, TX 76541-5258TX1991-09$1,485,554
21Post Economic Development CorporationPO BOX 69, Post, TX 79356-0069TX1984-11$1,170,139
22Seguin Economic Development Corporation205 N River St, Seguin, TX 78155-5626TX1996-06$957,888
23Destination League City Convention And Visitors Corporation300 W Walker St, League City, TX 77573-3837TX1996-02$330,303
24Southeast Texas Economic Development Foundation Inc1110 Park St, Beaumont, TX 77701-3614TX1972-10$239,372
25Waco Industrial FoundationPO BOX 1220, Waco, TX 76703-1220TX1959-08$191,687
26Moore County Development IncPO BOX 324, Dumas, TX 79029-0324TX1976-02$83,910
27Somerset Economic Development Corporation 4aPO BOX 356, Somerset, TX 78069-0356TX1998-07$59,395
28Palestine Industrial Foundation IncPalestine, TX 75802TX$26,418
29Weatherford-Parker County Economic Development CorpPO BOX 255, Weatherford, TX 76086-0255TX1975-06$2,822
30Downtown Arlington Management Corporation212 S Mesquite St Ste 1d, Arlington, TX 76010-1155TX2007-11$412,310
Number of organizations performing similar types of work
Alaska6
Alabama4
Arkansas9
Arizona5
California16
Colorado7
Connecticut3
District of Columbia3
Delaware3
Florida8
Georgia2
Iowa13
Idaho2
Illinois10
Indiana12
Kansas5
Kentucky8
Louisiana11
Massachusetts4
Maryland9
Maine3
Michigan11
Minnesota5
Missouri5
Mississippi5
Montana3
North Carolina13
North Dakota2
Nebraska3
New Hampshire3
New Jersey8
New Mexico2
New York18
Ohio10
Oklahoma2
Oregon1
Pennsylvania39
South Carolina5
South Dakota4
Tennessee3
Texas25
Utah3
Virginia8
Vermont5
Washington7
Wisconsin12
West Virginia6
International1
Total352

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