Civic Intelligence

Bangs Economic Development Corporation Inc

EIN 26-1987990 • 501(c)3 • Bangs, TX

Profile

To promote the city of bangs, texas and help it grow into a more econimically sound area.

109 South First StBangs, TX 76823

www.cityofbangs.org

Siviq Scores

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

Liabilities / Assets

33rd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Liabilities / Revenue

34th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Net Margin

20th percentile

-14%

Higher net margin than 20% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

44th percentile

1.2%

Faster asset growth than 44% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2025

Revenue Growth

53rd percentile

8.7%

Faster revenue growth than 53% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2025

Balance Sheet
Liabilities / Assets33rd percentile

Assets

Down

$518,850

Down $17,787 (-3.3%) from 2024

Liabilities

Flat

$0

Flat from 2024

Net Assets

Down

$518,850

Down $17,787 (-3.3%) from 2024

Operations
Liabilities / Revenue34th percentileNet Margin20th percentile

Revenue

Up

$95,180

Up $13,894 (+17%) from 2024

Expenses

Up

$108,079

Up $56,313 (+109%) from 2024

Net Income

Down

-$12,899

Down $42,419 (-144%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth44th percentile

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

$600K$400K$200K$0Assets 2019: $333,775Net Assets 2019: $333,7752019Assets 2020: $381,745Net Assets 2020: $381,7452020Assets 2021: $436,377Net Assets 2021: $436,3772021Assets 2022: $493,380Net Assets 2022: $493,3802022Assets 2023: $507,117Liabilities 2023: $0Net Assets 2023: $507,1172023Assets 2024: $536,637Liabilities 2024: $0Net Assets 2024: $536,6372024Assets 2025: $518,850Liabilities 2025: $0Net Assets 2025: $518,8502025

Highlighted filing

2025

Assets$518,850
Liabilities$0
Net Assets$518,850
Open 2025 Filing

Operations Trend

Revenue Growth53rd percentile

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

$150K$100K$50K$0-$50KRevenue 2019: $44,815Expenses 2019: $5,290Net Income 2019: $39,5252019Revenue 2020: $52,370Expenses 2020: $4,400Net Income 2020: $47,9702020Revenue 2021: $59,064Expenses 2021: $4,432Net Income 2021: $54,6322021Revenue 2022: $69,316Expenses 2022: $12,322Net Income 2022: $56,9942022Revenue 2023: $80,586Expenses 2023: $66,849Net Income 2023: $13,7372023Revenue 2024: $81,286Expenses 2024: $51,766Net Income 2024: $29,5202024Revenue 2025: $95,180Expenses 2025: $108,079Net Income 2025: -$12,8992025

Highlighted filing

2025

Revenue$95,180
Expenses$108,079
Net Income-$12,899
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$518,850
Liabilities
$0
Net assets
$518,850
Revenue
$95,180
Expenses
$108,079
Net income
-$12,899
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.19$0.00$5.19$0.95$1.08$0.13
2024Detailed filing. Detailed filing data is available for this year.$5.37$0.00$5.37$0.81$0.52$0.30
2023Detailed filing. Detailed filing data is available for this year.$5.07$0.00$5.07$0.81$0.67$0.14
2022Detailed filing. Detailed filing data is available for this year.$4.93$4.93$0.69$0.12$0.57
2021Detailed filing. Detailed filing data is available for this year.$4.36$4.36$0.59$0.04$0.55
2020Detailed filing. Detailed filing data is available for this year.$3.82$3.82$0.52$0.04$0.48
2019Detailed filing. Detailed filing data is available for this year.$3.34$3.34$0.45$0.05$0.40
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2024 to Sep 30, 2025
Signed
Nov 18, 2025
Return Version
2024v5.2
Gross Receipts
$95,180
Mission and Program Overview

Mission

Promoting/enhancing/assisting activities of the City of Bangs

To promote the economic health of bangs, texas by adding businesses, improving housing, and improving businesses.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$531,748$518,850▼ $12,898
Cash and Non-Interest-Bearing Accounts$201,800$209,905▲ $8,105
Savings and Temporary Cash Investments$204,860$183,857▼ $21,003
Land, Buildings, and Equipment, Net$125,088$125,088→ $0
Total Assets$531,748$518,850▼ $12,898
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$531,748$518,850▼ $12,898
Total Liabilities and Net Assets / Fund Balance$531,748$518,850▼ $12,898

Asset Categories

AssetBook ValueDepreciationBasis
Land$124,800-$124,800
Equipment$288$1,198$1,486
Compensation and Service Providers
Top Officer Pay75th percentile

Board Members and Trustees

NameTitle
Sara YoungPresident
Steven FuquaVice President
CHARLES WEiDENHOEFERMember
Eric SoutherlandMember
Joe LamerMember
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$84,325
Investment Income
$10,855
Other Revenue
$0
Change in Net Assets
$-12,899
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$88,800
Other Expenses$19,279
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$88,800--$88,800
Fees for Services Legal-$4,662-$4,662
Travel-$1,584-$1,584
Fees for Services Accounting-$990-$990
Office Expenses-$288-$288
Other Expenses$250$11,505-$250
Total Functional Expenses$89,050$19,029$0$108,079
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Tiny Homes Direct LLCBangs, TX-Economic Improvement$63,800
PONG CHEA dba TEXAS STAR DONUTSBangs, TX-Economic Improvement$25,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
No
Audit committee
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
No
Key decisions subject to board approval
Yes
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Bangs Economic Development Corporation Inc
EIN
26-1987990
In Care Of
% SARAH YOUNG
Address
109 SOUTH FIRST ST, BANGS, TX 76823

Signing Officer

Name
Sara Young
Title
President
Signed
2025-11-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sara Young
Formed
2010
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
6
Employees
0

Preparer

Firm
Morris Business Services Inc
Address
5055 FM 585 PO BOX 487, BANGS, TX 76823
Preparer
Phillis L Morris
Phone
3257526387
Supplemental Narrative

Additional Explanations

Form 990, Part X, Line 1-2

“End of year CD balance and Bank balance were incorrectly reported to preparer”

Form 990, Part XI, Line 9

“Rounding error”

Form 990, Part X, Line 10

“Net assets is not calculated correctly by the software program”

Raw XML AppendixShowing 400 of 408 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.

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IRS990/Form990PartVIISectionAGrp/PersonNm4STEVEN FUQUA
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
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IRS990/Form990PartVIISectionAGrp/TitleTxt1MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt3MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE PRESIDENT
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IRS990/FSAuditedInd0true
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IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantAmt088800
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt088800
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IRS990/GrantsToIndividualsInd0true
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt095180
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IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt010855
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestTaxExemptBondsInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
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IRS990/LicensedMoreThanOneStateInd0false
IRS990/LoanOutstandingInd0false
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IRS990/MoreThan5000KToIndividualsInd0false
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt064993
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt059007
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0272995
IRS990ScheduleA/TotalSupportAmt0273052
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt0288
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01198
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01486
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/LandGrp/BookValueAmt0124800
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0124800
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0125088
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt088800
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Economic Development Grant
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt02
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0Other
IRS990ScheduleI/RecipientTable/CashGrantAmt025000
IRS990ScheduleI/RecipientTable/CashGrantAmt163800
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0ECONOMIC IMPROVEMENT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1ECONOMIC IMPROVEMENT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0PONG CHEA dba TEXAS STAR DONUTS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1TINY HOMES DIRECT LLC
IRS990ScheduleI/RecipientTable/RecipientEIN0843605159
IRS990ScheduleI/RecipientTable/RecipientEIN1883823068
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01198 E HALL ST
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt11013 E HALL ST
IRS990ScheduleI/RecipientTable/USAddress/CityNm0BANGS
IRS990ScheduleI/RecipientTable/USAddress/CityNm1BANGS
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0TX
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1TX
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd079823
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd176823
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0Other
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc1Other
IRS990ScheduleI/TotalOtherOrgCnt02
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0End of year CD balance and Bank balance were incorrectly reported to preparer
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Rounding error
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Net assets is not calculated correctly by the software program
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part X, Line 1-2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part XI, Line 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part X, Line 10
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0531748
IRS990/TotalAssetsEOYAmt0518850
IRS990/TotalAssetsGrp/BOYAmt0531748
IRS990/TotalAssetsGrp/EOYAmt0518850
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt019029
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt089050
IRS990/TotalFunctionalExpensesGrp/TotalAmt0108079
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0531748
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0518850
IRS990/TotalProgramServiceExpensesAmt089050
IRS990/TotalProgramServiceRevenueAmt084325
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt089050
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt095180
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0531748
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0518850
IRS990/TravelGrp/ManagementAndGeneralAmt01584
IRS990/TravelGrp/TotalAmt01584
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0109 SOUTH FIRST ST
IRS990/USAddress/CityNm0BANGS
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd076823
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.CITYOFBANGS.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SARA YOUNG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0BANGS ECONOMIC DEVELOPMENT CORPORATION INC
ReturnHeader/Filer/BusinessNameControlTxt0BANG
ReturnHeader/Filer/EIN0261987990
ReturnHeader/Filer/InCareOfNm0% SARAH YOUNG
ReturnHeader/Filer/USAddress/AddressLine1Txt0109 SOUTH FIRST ST
ReturnHeader/Filer/USAddress/CityNm0BANGS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd076823
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0263123460
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MORRIS BUSINESS SERVICES INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05055 FM 585 PO BOX 487
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BANGS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd076823

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