Civic Intelligence

Greater Austin Economic

EIN 20-0192975 • 501(c)6 • Austin, TX

Profile

Opportunity Austin is a regional economic development initiative aimed at fostering job-creating investment across the Austin region.

200 W 6th St 1750Austin, TX 78701

www.opportunityaustin.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

49th percentile

0.20x

Higher debt load relative to assets than 49% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

24th percentile

0.10x

Higher debt load relative to revenue than 24% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Source year 2024

Net Margin

15th percentile

-7.6%

Higher net margin than 15% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

72nd percentile

$387,914

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 6.6% of source-year revenue.

501(c)6 • $5M-$10M nonprofits • Source year 2024

Asset Growth

8th percentile

-14%

Faster asset growth than 8% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

97th percentile

84%

Faster revenue growth than 97% of similar nonprofits.

501(c)6 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Down

$2,854,813

Down $474,799 (-14%) from 2023

Liabilities

Down

$559,137

Down $27,802 (-4.7%) from 2023

Net Assets

Down

$2,295,676

Down $446,997 (-16%) from 2023

Revenue

Up

$5,878,253

Up $2,685,325 (+84%) from 2023

Expenses

Up

$6,325,250

Up $1,296,881 (+26%) from 2023

Net Income

Up

-$446,997

Up $1,388,444 (+76%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2010: $2,811,350Liabilities 2010: $210,459Net Assets 2010: $2,600,8912010Assets 2011: $2,401,179Liabilities 2011: $253,192Net Assets 2011: $2,147,9872011Assets 2012: $1,837,144Liabilities 2012: $411,251Net Assets 2012: $1,425,8932012Assets 2013: $1,812,349Liabilities 2013: $697,117Net Assets 2013: $1,115,2322013Assets 2014: $2,085,372Liabilities 2014: $285,347Net Assets 2014: $1,800,0252014Assets 2015: $3,064,888Liabilities 2015: $415,711Net Assets 2015: $2,649,1772015Assets 2016: $3,007,211Liabilities 2016: $409,181Net Assets 2016: $2,598,0302016Assets 2017: $2,477,027Liabilities 2017: $483,090Net Assets 2017: $1,993,9372017Assets 2018: $2,790,662Liabilities 2018: $612,263Net Assets 2018: $2,178,3992018Assets 2019: $3,371,312Liabilities 2019: $227,502Net Assets 2019: $3,143,8102019Assets 2020: $3,699,545Liabilities 2020: $167,489Net Assets 2020: $3,532,0562020Assets 2021: $5,172,516Liabilities 2021: $310,943Net Assets 2021: $4,861,5732021Assets 2022: $5,075,407Liabilities 2022: $537,430Net Assets 2022: $4,537,9772022Assets 2023: $3,329,612Liabilities 2023: $586,939Net Assets 2023: $2,742,6732023Assets 2024: $2,854,813Liabilities 2024: $559,137Net Assets 2024: $2,295,6762024

Highlighted filing

2024

Assets$2,854,813
Liabilities$559,137
Net Assets$2,295,676

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2010: $3,713,1682010Expenses 2011: $3,700,9952011Expenses 2012: $4,022,9862012Revenue 2013: $3,812,733Expenses 2013: $4,123,394Net Income 2013: -$310,6612013Revenue 2014: $4,461,058Expenses 2014: $3,776,265Net Income 2014: $684,7932014Revenue 2015: $4,917,866Expenses 2015: $4,068,714Net Income 2015: $849,1522015Revenue 2016: $3,718,361Expenses 2016: $3,769,508Net Income 2016: -$51,1472016Revenue 2017: $3,461,772Expenses 2017: $4,065,865Net Income 2017: -$604,0932017Revenue 2018: $4,179,030Expenses 2018: $3,994,568Net Income 2018: $184,4622018Revenue 2019: $4,748,107Expenses 2019: $3,782,696Net Income 2019: $965,4112019Revenue 2020: $3,694,287Expenses 2020: $3,306,041Net Income 2020: $388,2462020Revenue 2021: $3,944,758Expenses 2021: $2,615,241Net Income 2021: $1,329,5172021Revenue 2022: $3,944,259Expenses 2022: $4,267,855Net Income 2022: -$323,5962022Revenue 2023: $3,192,928Expenses 2023: $5,028,369Net Income 2023: -$1,835,4412023Revenue 2024: $5,878,253Expenses 2024: $6,325,250Net Income 2024: -$446,9972024

Highlighted filing

2024

Revenue$5,878,253
Expenses$6,325,250
Net Income-$446,997

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.85$0.56$2.30$5.88$6.33$0.45
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.33$0.59$2.74$3.19$5.03$1.84
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.08$0.54$4.54$3.94$4.27$0.32
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.17$0.31$4.86$3.94$2.62$1.33
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.70$0.17$3.53$3.69$3.31$0.39
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.37$0.23$3.14$4.75$3.78$0.97
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.79$0.61$2.18$4.18$3.99$0.18
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.48$0.48$1.99$3.46$4.07$0.60
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.01$0.41$2.60$3.72$3.77$0.05
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.06$0.42$2.65$4.92$4.07$0.85
2014Detailed filing. Detailed filing data is available for this year.$2.09$0.29$1.80$4.46$3.78$0.68
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.81$0.70$1.12$3.81$4.12$0.31
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.84$0.41$1.43$4.02
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.40$0.25$2.15$3.70
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.81$0.21$2.60$3.71
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Feb 2, 2026
Return Version
2024v5.5
Gross Receipts
$5,959,137
Mission and Program Overview

Mission

Opportunity austin is a regional economic development initiative aimed at fostering job-creating investment across the austin and central texas region.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,749,542$1,777,720▼ $971,822
Accounts Receivable$124,418$544,828▲ $420,410
Cash and Non-Interest-Bearing Accounts$137,194$227,945▲ $90,751
Prepaid Expenses and Deferred Charges$216,321$224,497▲ $8,176
Land, Buildings, and Equipment, Net$79,622$57,308▼ $22,314
Total Assets$3,329,612$2,854,813▼ $474,799
Other Assets Total$22,515$22,515→ $0
Liabilities
Accounts Payable and Accrued Expenses$586,939$298,137▼ $288,802
Deferred Revenue-$261,000-
Total Liabilities$586,939$559,137▼ $27,802
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,452,535$2,005,538▼ $446,997
Net Assets With Donor Restrictions$290,138$290,138→ $0
Total Net Assets Fund Balance$2,742,673$2,295,676▼ $446,997
Total Liabilities and Net Assets / Fund Balance$3,329,612$2,854,813▼ $474,799

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$54,206$28,443$82,649
Leasehold Improvements$3,102$2,482$5,584
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ed LatsonPresident, Secretary & CEOFT$323,137$64,777$387,914
Charisse BodischSenior Vice PresidentFT$256,028$69,867$325,895
Stacy AlmgrenSenior Vice PresidentFT$178,387$45,258$223,645
Roland PenaSVP of Global Tech & InnovationFT$158,707$52,032$210,739
Robert FarleyVP of Economic DevelopmentFT$152,074$28,334$180,408
Beverly KerrVice President, ResearchFT$137,187$34,740$171,927

Board Members and Trustees

NameTitle
Gary FarmerChair
Casey DobsonVice Chair
Andy BrockDirector
Bart MatheneyDirector
Bill ReddDirector
Buck CodyDirector
C Brian CassidyDirector
Chuck LipscombDirector
Dana Harris PateDirector
David KnollDirector
Ellen WoodDirector
Eric MarcellaDirector
Jeff NydeggerDirector
Jody RudmanDirector
Kyle ParksDirector
Laura GottesmanDirector
Rudy GarzaDirector
Seth JohnstonDirector
Stephanie PerrymanDirector
Steven GonzalezDirector
Tim CrowleyDirector
Tim HendricksDirector
Todd WallaceDirector
Matthew DowGeneral Counsel/asst. Secretary
James DyessTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
VirtualcfoAccounting And Tax ServicesPO BOX 120115, Dallas, TX 75312$232,168
Y Strategy LLCPublic Safety Campaign - Outreach3110 MANOR RD SUITE H, Austin, TX 78723$192,000
Grogory Strategies LLCConsulting Services1122 COLORADO ST STE 2399, Austin, TX 78701$120,000
The Burdette Agency INCPublic Relations & Website Maintenance1023 KINGS AVENUE, Jacksonville, FL 32207$105,066
Revenue and Support

Revenue Composition

Contributions and Grants
$633,731
Program Service Revenue
$5,190,129
Investment Income
$123,989
Other Revenue
$-69,596
All Other Contributions
$126,843
Change in Net Assets
$-446,997

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$34,095Fair Market Value (FMV)
Total Noncash Contributions1$34,095-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,254,787
Other Expenses$3,070,463
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$2,419,213
Fees for Services Other---$587,137
Advertising---$477,233
Travel---$392,546
Current Officers, Directors, Trustees, and Key Employees---$387,914
Fees for Services Accounting---$253,329
Occupancy---$246,513
Payroll Taxes---$191,007
Information Technology---$166,521
Other Employee Benefits---$146,684
Pension Plan Contributions---$109,969
Conferences and Meetings---$96,544
Office Expenses---$61,203
Other Expenses---$34,095
Insurance---$24,094
Depreciation Depletion---$23,862
Fees for Services Legal---$19,252
Total Functional Expenses$0$0$0$6,325,250
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$80,884
Fundraising Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
A-list Awards$145,957-$80,884-
Total Events$145,957-$80,884$-80,884
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Current Year Nondeductible Lobbying and Political Cost$177,000
Total Nondeductible Lobbying and Political Cost$177,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The membership of the corporation is restricted and limited to its board of directors.

Form 990, Part VI, Section B, Line 11B

The form 990 is reviewed by jeneen peterson, vp finance & administration; reviewed by james dyess, treasurer; and reviewed by the finance committee.

Form 990, Part VI, Section C, Line 19

The documents are made available upon written request.

Filing and Contact Details

Filer

Filer Name
Greater Austin Economic
EIN
20-0192975
Phone
5124789383
Address
200 W 6TH ST 1750, AUSTIN, TX 78701
Doing Business As
Opportunity Austin

Signing Officer

Name
Susan Davenport
Title
CEO
Phone
5124789383
Signed
2026-02-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Susan Davenport
Formed
2002
Legal Domicile
TX
Voting Board Members
25
Independent Board Members
25
Employees
25
Volunteers
314

Preparer

Firm
Atchley & Associates Llp
Address
1005 LA POSADA DRIVE, AUSTIN, TX 78752
Preparer
Renae Duncan
Phone
5123462086
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The organization has a committee that assumes responsibility for the oversight of the audit of its financial statements and selection of an independent accountant. This process has not changed from the prior year.

Financial Statement Notes

PART X, LINE 2:

The organization accounts for its uncertain tax positions in accordance with financial accounting standards board (fasb) accounting standards codification (asc) 740, accounting for uncertainty in income taxes. The benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the positions will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount of tax benefit that is more than 50% likely of being realized upon settlement with the applicable taxing authority. As of december 31, 2024, the organization has not recognized liabilities for uncertain tax positions or associated interest and penalties. The organization's federal exempt organization returns for the years ended december 31, 2021, and after, are subject to examination by the internal revenue service.

Raw XML AppendixShowing 400 of 725 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/ActivityOrMissionDesc0OPPORTUNITY AUSTIN IS A REGIONAL ECONOMIC DEVELOPMENT INITIATIVE AIMED AT FOSTERING JOB-CREATING INVESTMENT ACROSS THE AUSTIN AND CENTRAL TEXAS REGION.
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IRS990/BooksInCareOfDetail/PhoneNum07073220321
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0200 W 6TH ST 1750
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IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1Y STRATEGY LLC
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt2GROGORY STRATEGIES LLC
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt240
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IRS990/Form990PartVIISectionAGrp/PersonNm2JAMES DYESS
IRS990/Form990PartVIISectionAGrp/PersonNm3MATTHEW DOW
IRS990/Form990PartVIISectionAGrp/PersonNm4ANDY BROCK
IRS990/Form990PartVIISectionAGrp/PersonNm5BUCK CODY
IRS990/Form990PartVIISectionAGrp/PersonNm6TIM CROWLEY
IRS990/Form990PartVIISectionAGrp/PersonNm7LAURA GOTTESMAN
IRS990/Form990PartVIISectionAGrp/PersonNm8TIM HENDRICKS
IRS990/Form990PartVIISectionAGrp/PersonNm9ERIC MARCELLA
IRS990/Form990PartVIISectionAGrp/PersonNm10C BRIAN CASSIDY
IRS990/Form990PartVIISectionAGrp/PersonNm11STEVEN GONZALEZ
IRS990/Form990PartVIISectionAGrp/PersonNm12SETH JOHNSTON
IRS990/Form990PartVIISectionAGrp/PersonNm13DAVID KNOLL
IRS990/Form990PartVIISectionAGrp/PersonNm14BART MATHENEY
IRS990/Form990PartVIISectionAGrp/PersonNm15BILL REDD
IRS990/Form990PartVIISectionAGrp/PersonNm16JODY RUDMAN
IRS990/Form990PartVIISectionAGrp/PersonNm17RUDY GARZA
IRS990/Form990PartVIISectionAGrp/PersonNm18DANA HARRIS PATE
IRS990/Form990PartVIISectionAGrp/PersonNm19CHUCK LIPSCOMB
IRS990/Form990PartVIISectionAGrp/PersonNm20JEFF NYDEGGER
IRS990/Form990PartVIISectionAGrp/PersonNm21KYLE PARKS
IRS990/Form990PartVIISectionAGrp/PersonNm22STEPHANIE PERRYMAN
IRS990/Form990PartVIISectionAGrp/PersonNm23TODD WALLACE
IRS990/Form990PartVIISectionAGrp/PersonNm24ELLEN WOOD
IRS990/Form990PartVIISectionAGrp/PersonNm25ED LATSON
IRS990/Form990PartVIISectionAGrp/PersonNm26STACY ALMGREN
IRS990/Form990PartVIISectionAGrp/PersonNm27CHARISSE BODISCH
IRS990/Form990PartVIISectionAGrp/PersonNm28ROBERT FARLEY
IRS990/Form990PartVIISectionAGrp/PersonNm29ROLAND PENA
IRS990/Form990PartVIISectionAGrp/PersonNm30BEVERLY KERR
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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3GENERAL COUNSEL/ASST. SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25PRESIDENT, SECRETARY & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt26SENIOR VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt27SENIOR VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt28VP OF ECONOMIC DEVELOPMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt29SVP OF GLOBAL TECH & INNOVATION
IRS990/Form990PartVIISectionAGrp/TitleTxt30VICE PRESIDENT, RESEARCH
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IRS990/FormationYr02002
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IRS990/MissionDesc0OPPORTUNITY AUSTIN IS A REGIONAL ECONOMIC DEVELOPMENT INITIATIVE AIMED AT FOSTERING JOB-CREATING INVESTMENT ACROSS THE AUSTIN AND CENTRAL TEXAS REGION.
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IRS990/OtherExpensesGrp/TotalAmt2144417
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