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EIN 26-1987990

Bangs Economic Development Corporation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Bangs
State
Texas
Year formed
2010
Most recent tax filings
2023-09-01
NTEE code, primary
S30: Economic Development
Description
Bangs EDC promotes economic growth through new businesses and affordable housing. They reimburse 1/4 of the city manager's salary for part-time EDC director.
Total revenues
$80,586
2023
Total expenses
$66,849
2023
Total assets
$507,117
2023
Num. employees
0
2023

Program areas at Bangs Economic Development Corporation

Reimburse the city of Bangs 1/4 of the salary of the city mgr to act as part-time edc director so that advertising and pusuit of new businesses can be accomplished
To provide affordable housing options to citizens wanting to relocate to Bangs by preparing raw acreage to be sutiable for new housing.
To provide businesses with incentive grants to improve local businesses and improve sales tax collections

Personnel at Bangs Economic Development Corporation

NameTitleCompensation
Carrol J WelsPresident$0
Phillis MorrisTreasurer$0

Financials for Bangs Economic Development Corporation

RevenuesFYE 09/2023
Total grants, contributions, etc.$74,373
Program services$0
Investment income and dividends$6,213
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$80,586

Form 990s for Bangs Economic Development Corporation

Fiscal year endingDate received by IRSFormPDF link
2023-092023-11-20990View PDF
2022-092022-10-17990EZView PDF
2021-092021-11-03990EZView PDF
2020-092021-06-02990EZView PDF
2019-092020-02-03990EZView PDF
...and 8 more Form 990s

Organizations like Bangs Economic Development Corporation

OrganizationLocationRevenue
Discover Gila CountyPayson, AZ$154,243
Eden Economic Development CorporationEden, TX$144,094
Kootenai River Development CouncilLibby, MT$57,896
Economic Investment Fund of Henderson CountyHendersonville, NC$165,709
Meriden Economic Development CorporationMeriden, CT$34,127
West Bloomington Revitalization ProjectBloomington, IL$231,444
Gadsden County Development CouncilQuincy, FL$145,635
Advance ShullsburgShullsburg, WI$72,746
Greater Waukegan Development CoalitionWaukegan, IL$267,745
Oneida County Economic Development CorporationRhinelander, WI$177,273
Data update history
June 28, 2023
Posted financials
Added Form 990EZ for fiscal year 2021
June 27, 2023
Updated personnel
Identified 1 new personnel
May 17, 2023
Used new vendors
Identified 1 new vendor, including
September 22, 2021
Posted financials
Added Form 990EZ for fiscal year 2020
September 30, 2020
Posted financials
Added Form 990EZ for fiscal year 2019
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsCharities
Issues
Community improvementEconomic development
Characteristics
Partially liquidatedState / local levelReceives government fundingTax deductible donationsNo full-time employees
General information
Address
PO Box 188
Bangs, TX 76823
County
Brown County, TX
Phone
(325) 752-7632
IRS details
EIN
26-1987990
Fiscal year end
September
Taxreturn type
Form 990
Year formed
2010
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S30: Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Independent
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