EIN 74-2637990

Marble Falls Economic Development Corporation

IRS 501(c) type
501(c)(6)
Num. employees
0
State
Year formed
2007
Most recent tax filings
2023-09-01
Description
The primary mission of the Marble Falls Economic Development Corporation is the retention, expansion, and attraction of business and industry–as well as the corresponding retention, creation, and reinvestment of wealth–in the Marble Falls community.
Total revenues
$4,619,622
2023
Total expenses
$1,878,466
2023
Total assets
$33,823,548
2023
Num. employees
0
2023

Program areas at Marble Falls Economic Development Corporation

Business improvement grant (big) program - to provide assistance to local businesses in improving their properties. The purpose of this program is to promote the expansion and Development of new and existing business enterprises within the city of Marble Falls, Texas, and to improve the appearance and visual character of the community. The edc will provide 10% in matching funds, via reimbursement, to businesses who are seeking to improve or expand their commercial properties. The maximum grant is $10,000 per applicant, and the minimum expenditure to be considered for the program is $5,000. The application period for this grant will remain open until funding has been exhausted; or until the edc determines that its program goals have been satisfied.
Workforce Development initiative - funds allocated for the workforce Development initiative were matching funds through the Texas workforce commission's high demand job training grant program. Through a consortium comprised of the edc, the Marble Falls independent school district, central Texas college, and workforce network, inc., certifications were granted in plumbing, electrical, medical, and accounting trades.
Community leverage program - to provide matching funds to organizations that are undertaking worthwhile projects in the community. Projects that enhance our quality of place, improve the overall well-being of the city, and maximize resources will be the types of projects that attract the attention and support of the edc.in the past, the edc has provided community leverage funding to support the college to careers workforce Development initiative, arts projects, and park improvements, including the hike-and-bike trail system, the expansion of the soccer fields, and more. The edc has allocated $100,000 annually for the community leverage program.the edc is the sole and final authority in determining project eligibility for funding.

Grants made by Marble Falls Economic Development Corporation

GranteeGrant descriptionAmount
Workforce Network (WNi)Community Leverage Grant$120,037
Highland Lakes Creative ArtsCommunity Leverage$14,000
Education Service Center Region XiiiBusiness Improvement Grant$10,000
...and 1 more grant made

Personnel at Marble Falls Economic Development Corporation

NameTitleCompensation
Christian Fletcher, CecdExecutive Director
Christian FletcherPast Executive Director$140,769
Mark MayfieldBoard Member$0
Steve ReitzPresident$0
Christina McDonald City SecretarySecretary$0
...and 1 more key personnel

Financials for Marble Falls Economic Development Corporation

RevenuesFYE 09/2023
Total grants, contributions, etc.$30,270
Program services$3,614,427
Investment income and dividends$974,415
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$510
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$4,619,622

Form 990s for Marble Falls Economic Development Corporation

Fiscal year endingDate received by IRSFormPDF link
2023-092024-08-12990View PDF
2022-092023-08-08990View PDF
2021-092022-08-08990View PDF
2020-092021-06-29990View PDF
2019-092020-10-09990View PDF
...and 3 more Form 990s

Organizations like Marble Falls Economic Development Corporation

OrganizationLocationRevenue
Figueroa Corridor PartnershipLos Angeles, CA$1,712,110
Mcallen Economic Development CorporationMcallen, TX$1,521,749
Economic Progress Alliance of Crawford CountyMeadville, PA$5,381,663
Downtown Norfolk Council (DNC)Norfolk, VA$2,378,826
Downtown DurhamDurham, NC$1,940,210
Mifflin County Industrial Development Corporation (MCIDC)Lewistown, PA$1,801,988
Regional Industrial Development Corp of Southwestern PennsylvaniaPittsburgh, PA$22,677,325
Charleston Digital Corridor FoundationCharleston, SC$2,275,599
Watertown Development CompanyWatertown, SD$1,410,951
Downtown Greensboro (DGI)Greensboro, NC$2,344,155
Data update history
September 24, 2023
Posted financials
Added Form 990 for fiscal year 2022
August 17, 2023
Posted financials
Added Form 990 for fiscal year 2021
August 2, 2023
Updated personnel
Identified 1 new personnel
October 11, 2022
Updated personnel
Identified 1 new personnel
August 13, 2022
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Grantmaking organizationsPublic sector nonprofitsBusiness and community development organizations
Issues
Community improvementEconomic development
Characteristics
State / local levelReceives government fundingNo full-time employees
General information
Address
800 3rd St
Marble Falls, TX 78654
Metro area
Austin-Round Rock-Georgetown, TX
County
Burnet County, TX
Website URL
marblefallseconomy.com/ 
Phone
(830) 798-7079
Facebook page
marblefallsedc 
Twitter profile
@marblefallsedc 
IRS details
EIN
74-2637990
Fiscal year end
September
Taxreturn type
Form 990
Year formed
2007
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Independent
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