Civic Intelligence

Kerrville Economic Development Corp

EIN 30-0644332 • 501(c)6 • Kerrville, TX

Profile

The purpose of kedc is to be a leader in economic development for kerrville, texas by facilitating meaningful activities that promote growth, retention, and prosperity. Particular attention and emphasis shall be given to support the economic, commercial, tourism, agriculture, recreational, quality of life, health care, cultural, industrial, research, and educational interests of the city that directly broadens the tax base.

1700 Sidney Baker Ste 100 100Kerrville, TX 78028

www.kerr-edc.com

Siviq Scores

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

Liabilities / Assets

95th percentile

0.91x

Higher debt load relative to assets than 95% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

81st percentile

0.31x

Higher debt load relative to revenue than 81% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Source year 2024

Net Margin

66th percentile

9.8%

Higher net margin than 66% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

63rd percentile

$0

Higher top officer pay than 63% of similar nonprofits.

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

501(c)6 • $500k-$1M nonprofits • Source year 2024

Asset Growth

75th percentile

14%

Faster asset growth than 75% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Annualized from 2022 to 2024

Revenue Growth

46th percentile

4.3%

Faster revenue growth than 46% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Annualized from 2022 to 2024

Assets

Up

$189,923

Up $189,923 from 2023

Liabilities

Up

$172,683

Up $135,281 (+362%) from 2023

Net Assets

Up

$17,240

Up $54,642 (+146%) from 2023

Revenue

Up

$557,000

Up $53,940 (+11%) from 2023

Expenses

Down

$502,357

Down $23,201 (-4.4%) from 2023

Net Income

Up

$54,643

Up $77,141 (+343%) from 2023

Trend Graphs

Balance Sheet Trend

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

$200K$100K$0-$100KAssets 2017: $98,592Liabilities 2017: $1,989Net Assets 2017: $96,6032017Assets 2018: $99,195Liabilities 2018: $4,388Net Assets 2018: $94,8072018Assets 2019: $86,991Liabilities 2019: $52,264Net Assets 2019: $34,7272019Assets 2020: $101,457Liabilities 2020: $17,219Net Assets 2020: $84,2382020Assets 2021: $77,348Liabilities 2021: $103,597Net Assets 2021: -$26,2492021Assets 2022: $145,304Liabilities 2022: $160,208Net Assets 2022: -$14,9042022Assets 2023: $0Liabilities 2023: $37,402Net Assets 2023: -$37,4022023Assets 2024: $189,923Liabilities 2024: $172,683Net Assets 2024: $17,2402024

Highlighted filing

2024

Assets$189,923
Liabilities$172,683
Net Assets$17,240

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2017: $24,500Expenses 2017: $191,205Net Income 2017: -$166,7052017Revenue 2018: $144,483Expenses 2018: $146,279Net Income 2018: -$1,7962018Revenue 2019: $213,500Expenses 2019: $273,580Net Income 2019: -$60,0802019Revenue 2020: $365,920Expenses 2020: $316,409Net Income 2020: $49,5112020Revenue 2021: $358,050Expenses 2021: $468,537Net Income 2021: -$110,4872021Revenue 2022: $512,433Expenses 2022: $501,088Net Income 2022: $11,3452022Revenue 2023: $503,060Expenses 2023: $525,558Net Income 2023: -$22,4982023Revenue 2024: $557,000Expenses 2024: $502,357Net Income 2024: $54,6432024

Highlighted filing

2024

Revenue$557,000
Expenses$502,357
Net Income$54,643

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Nov 1, 2023 to Oct 31, 2024
Signed
Sep 3, 2025
Return Version
2023v6.0
Gross Receipts
$557,000
Mission and Program Overview

Mission

The purpose of kedc is to be a leader in economic development for kerrville, texas by facilitating meaningful activities that promote growth, retention, and prosperity. Particular attention and emphasis shall be given to support the economic, commercial, tourism, agriculture, recreational, quality of life, health care, cultural, industrial, research, and educational interests of the city that directly broadens the tax base.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$189,923-
Rtn Earn Endowment Incm Other Fnds$-37,402$17,240▲ $54,642
Land, Buildings, and Equipment, Net$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$0$189,923▲ $189,923
Liabilities
Deferred Revenue-$171,875-
Other Liabilities$37,402$808▼ $36,594
Total Liabilities$37,402$172,683▲ $135,281
Net Assets / Fund Balance
Total Net Assets Fund Balance$-37,402$17,240▲ $54,642
Total Liabilities and Net Assets / Fund Balance$0$189,923▲ $189,923

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$2,854$2,854
Compensation and Service Providers

Board Members and Trustees

NameTitle
Dalton RicePresident
Jonathan LetzVice President
Brett RingoBoard Member
Charlie L McilvainBoard Member
Greg AppelBoard Member
Joe HerringBoard Member
Julie DavisBoard Member
Mindy CurranBoard Member
Rob KellyBoard Member
Todd BockBoard Member
Mike WittlerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$550,000
Program Service Revenue
$7,000
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$54,643
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$303,220
Other Expenses$199,137
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$256,423--$256,423
Fees for Services Other$65,606--$65,606
Conferences and Meetings$46,325--$46,325
Advertising$34,382--$34,382
Travel$22,821--$22,821
Other Employee Benefits$19,108--$19,108
Payroll Taxes$19,026--$19,026
Occupancy-$9,595-$9,595
Pension Plan Contributions$8,663--$8,663
Other Expenses$8,158$6,733-$8,158
Information Technology$1,764--$1,764
Insurance-$1,053-$1,053
Office Expenses-$1,020-$1,020
Fees for Services Accounting-$125-$125
Total Functional Expenses$483,831$18,526$0$502,357
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Taxes$808
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Management duties delegated
No

Governance Explanations

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

President of the organization reviews the 990, presents it to the board. A complete copy of the 990 return is kept on file for public inspection if requested.

Form 990, Part VI, Section C, Line 19

Financial statements are available to board members at each monthly board meeting or upon request. Financial statements are made available to stakeholders upon request. A stakeholder is any organization or governing body that contributes financial or in kind resources to kedc. Our governing documents are available upon request. Kedc has not adopted a conflict of interest policy.

Filing and Contact Details

Filer

Filer Name
Kerrville Economic Development Corp
EIN
30-0644332
Phone
8308961157
Address
1700 SIDNEY BAKER STE 100 100, KERRVILLE, TX 78028

Signing Officer

Name
Dalton Rice
Title
President
Phone
8308961157
Signed
2025-09-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dalton Rice
Formed
2009
Legal Domicile
TX
Voting Board Members
11
Independent Board Members
11
Employees
2
Volunteers
11

Preparer

Firm
Spies Kneese & Bailey LLC
Address
720 EARL GARRETT, KERRVILLE, TX 78028
Preparer
Angela W Bailey CPA
Phone
8308951367
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Consulting services: program service expenses 65,606. Management and general expenses 0. Fundraising expenses 0. Total expenses 65,606.

FORM 990, PART XI, LINE 9:

ROUNDING -1.

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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/ProgSrvcAccomActy3Grp/Desc0KERREDC ADVANCED LOCAL WORKFORCE AND QUALITY-OF-LIFE INFRASTRUCTURE TO STRENGTHEN THE BUSINESS ENVIRONMENT INCLUDING:CHILDCARE SUMMIT PLANNING AND CHILDCARE FACILTY EXPLORATION.HOSTING THE TEXAS VENTURE FEST.ONGOING COLLABORATIONS WITH LOCAL SCHOOLS, UNIVERSITIES, AND WORKFORCE BOARDS TO ALIGN TRAINING PROGRAMS TO ADDRESS WORKFORCE PARTICIPATION BARRIERS AND PROMOTE KERRVILLE AS A COMPETITIVE AND LIVABLE COMMUNITY.
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IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt07000
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0-37402
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt017240
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0550000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0500000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0500000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0348812
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0365920
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02264732
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt031731
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01.00000
IRS990ScheduleA/PublicSupportPY170Pct01.00000
IRS990ScheduleA/PublicSupportTotal170Amt02264732
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0550000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0500000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0500000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0348812
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0365920
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02264732
IRS990ScheduleA/TotalSupportAmt02264732
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/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02854
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02854
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0808
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PAYROLL TAXES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalLiabilityAmt0808
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PRESIDENT OF THE ORGANIZATION REVIEWS THE 990, PRESENTS IT TO THE BOARD. A COMPLETE COPY OF THE 990 RETURN IS KEPT ON FILE FOR PUBLIC INSPECTION IF REQUESTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FINANCIAL STATEMENTS ARE AVAILABLE TO BOARD MEMBERS AT EACH MONTHLY BOARD MEETING OR UPON REQUEST. FINANCIAL STATEMENTS ARE MADE AVAILABLE TO STAKEHOLDERS UPON REQUEST. A STAKEHOLDER IS ANY ORGANIZATION OR GOVERNING BODY THAT CONTRIBUTES FINANCIAL OR IN KIND RESOURCES TO KEDC. OUR GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. KEDC HAS NOT ADOPTED A CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CONSULTING SERVICES: PROGRAM SERVICE EXPENSES 65,606. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 65,606.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ROUNDING -1.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt00
IRS990/TotalAssetsEOYAmt0189923
IRS990/TotalAssetsGrp/BOYAmt00
IRS990/TotalAssetsGrp/EOYAmt0189923
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0550000
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt018526
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0483831
IRS990/TotalFunctionalExpensesGrp/TotalAmt0502357
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt037402
IRS990/TotalLiabilitiesEOYAmt0172683
IRS990/TotalLiabilitiesGrp/BOYAmt037402
IRS990/TotalLiabilitiesGrp/EOYAmt0172683
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-37402
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt017240
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt073831
IRS990/TotalProgramServiceExpensesAmt0483831
IRS990/TotalProgramServiceRevenueAmt07000
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt07000
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0557000
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt011
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0189923
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt022821
IRS990/TravelGrp/TotalAmt022821
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01700 SIDNEY BAKER 100
IRS990/USAddress/CityNm0KERRVILLE
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd078028
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0WWW.KERR-EDC.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DALTON RICE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum08308961157
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-09-03
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0KERRVILLE ECONOMIC DEVELOPMENT CORP
ReturnHeader/Filer/BusinessNameControlTxt0KERR
ReturnHeader/Filer/EIN0300644332
ReturnHeader/Filer/PhoneNum08308961157
ReturnHeader/Filer/USAddress/AddressLine1Txt01700 SIDNEY BAKER STE 100 100
ReturnHeader/Filer/USAddress/CityNm0KERRVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd078028
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0262909224
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SPIES KNEESE & BAILEY LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0720 EARL GARRETT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0KERRVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd078028
ReturnHeader/PreparerPersonGrp/PhoneNum08308951367
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ANGELA W BAILEY CPA
ReturnHeader/ReturnTs02025-09-11T14:22:18-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-11-01
ReturnHeader/TaxPeriodEndDt02024-10-31
ReturnHeader/TaxYr02023

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