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EIN 74-2619492

Texas Economic Development Corporation

IRS 501(c) type
501(c)(3)
Num. employees
9
City
Austin
State
Texas
Year formed
1991
Most recent tax filings
2023-12-01
NTEE code, primary
S30: Economic Development
Description
Texas Economic Development Corporation is an independently funded and operated 501(c)(3) nonprofit organization responsible for marketing and promoting Texas as a premier business location. Its mission is to market and promote Texas in a dynamic and competitive manner through promotion of economic development and job creation in the state. The organization is located in Austin, TX.
Total revenues
$5,923,992
2023
Total expenses
$3,085,195
2023
Total assets
$9,847,471
2023
Num. employees
9
2023

Program areas at Texas Economic Development Corporation

The organization markets Texas in a dynamic and competitive manner through promotion of Economic Development and job creation in Texas.

Who funds Texas Economic Development Corporation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Charitable Foundation Frost F0359600Unrestricted Grant for$100,000

Personnel at Texas Economic Development Corporation

NameTitleCompensation
Aaron DemersonPresident and Chief Executive Officer
Dale RobertsonVice President of Business Development
Scott BuchholtzDirector of Operations
Emily LawleyDirector of Events
Bonnie DownsDirector of Programs
...and 4 more key personnel

Financials for Texas Economic Development Corporation

RevenuesFYE 12/2023
Total grants, contributions, etc.$5,646,168
Program services$16,000
Investment income and dividends$260,325
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$1,499
Total revenues$5,923,992

Form 990s for Texas Economic Development Corporation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-10-01990View PDF
2022-122023-10-11990View PDF
2021-122022-11-15990View PDF
2020-122021-09-30990View PDF
2019-122021-03-31990View PDF
...and 11 more Form 990s

Organizations like Texas Economic Development Corporation

OrganizationLocationRevenue
Choose New JerseyNewark, NJ$8,239,156
Hampton Roads Economic Development Alliance (HREDA)Norfolk, VA$3,867,938
Enterprise Florida (EFI)Orlando, FL$16,140,627
Radius IndianaBedford, IN$1,554,298
Northside Industrial Development CompanyPittsburgh, PA$2,807,174
Rockville Economic Development (REDI)Rockville, MD$2,382,137
Fay-Penn Economic Development CouncilLemont Furnace, PA$5,269,897
Southwest Arkansas Planning and Development DistrictMagnolia, AR$2,090,674
Nash Edgecombe Wilson Community ActionRocky Mount, NC$10,587,622
Bear Paw Development CorporationHavre, MT$3,217,270
Data update history
October 18, 2024
Updated personnel
Identified 10 new personnel
July 13, 2024
Received grants
Identified 3 new grant, including a grant for $100,000 from Charitable Foundation Frost F0359600
November 26, 2023
Posted financials
Added Form 990 for fiscal year 2022
November 26, 2023
Updated personnel
Identified 10 new personnel
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsCharities
Issues
Community improvementEconomic development
Characteristics
Operates internationallyState / local levelTax deductible donationsAccepts online donations
General information
Address
PO Box 684702
Austin, TX 78768
Metro area
Austin-Round Rock-Georgetown, TX
County
Travis County, TX
Website URL
businessintexas.com/ 
Phone
(512) 981-6736
IRS details
EIN
74-2619492
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1991
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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