Civic Intelligence

Texas Economic Development Council Inc

EIN 74-2053921 • 501(c)6 • Austin, TX

View Organization Page

Profile

Development of economic and employment opportunities in texas. Tedc provides information educational & legislative services to its members in order to foster expansion of existing industry location of new firms and development of strategies that promote a positive business climate in texas.

1601 Rio Grande 455Austin, TX 78701

www.texasedc.org

Siviq Scores

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

Liabilities / Assets

13th percentile

0.00x

Higher debt load relative to assets than 13% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

13th percentile

0.00x

Higher debt load relative to revenue than 13% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Net Margin

52nd percentile

4.9%

Higher net margin than 52% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

54th percentile

7.0%

Faster asset growth than 54% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

47th percentile

5.6%

Faster revenue growth than 47% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets13th percentile

Assets

Up

$2,060,339

Up $135,618 (+7.0%) from 2023

Liabilities

Down

$1,151

Down $907 (-44%) from 2023

Net Assets

Up

$2,059,188

Up $136,525 (+7.1%) from 2023

Operations
Liabilities / Revenue13th percentileNet Margin52nd percentile

Revenue

Up

$2,775,559

Up $147,566 (+5.6%) from 2023

Expenses

Up

$2,639,034

Up $516,339 (+24%) from 2023

Net Income

Down

$136,525

Down $368,773 (-73%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth54th percentile

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

$3.0M$2.0M$1.0M$0Assets 2010: $502,877Liabilities 2010: $68Net Assets 2010: $502,8092010Assets 2011: $600,903Liabilities 2011: $57Net Assets 2011: $600,8462011Assets 2012: $731,359Liabilities 2012: $15Net Assets 2012: $731,3442012Assets 2013: $682,653Liabilities 2013: $43Net Assets 2013: $682,6102013Assets 2014: $885,081Liabilities 2014: $77Net Assets 2014: $885,0042014Assets 2015: $611,020Liabilities 2015: $79Net Assets 2015: $610,9412015Assets 2016: $763,890Liabilities 2016: $78Net Assets 2016: $763,8122016Assets 2017: $944,155Liabilities 2017: $78Net Assets 2017: $944,0772017Assets 2018: $939,092Liabilities 2018: $120Net Assets 2018: $938,9722018Assets 2019: $1,148,039Liabilities 2019: $168Net Assets 2019: $1,147,8712019Assets 2020: $1,568,989Liabilities 2020: $357Net Assets 2020: $1,568,6322020Assets 2021: $1,628,241Liabilities 2021: $163Net Assets 2021: $1,628,0782021Assets 2022: $1,417,760Liabilities 2022: $395Net Assets 2022: $1,417,3652022Assets 2023: $1,924,721Liabilities 2023: $2,058Net Assets 2023: $1,922,6632023Assets 2024: $2,060,339Liabilities 2024: $1,151Net Assets 2024: $2,059,1882024

Highlighted filing

2024

Assets$2,060,339
Liabilities$1,151
Net Assets$2,059,188
Open 2024 Filing

Operations Trend

Revenue Growth47th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,002,6722010Expenses 2011: $1,093,1482011Revenue 2012: $1,243,775Expenses 2012: $1,113,277Net Income 2012: $130,4982012Revenue 2013: $1,151,633Expenses 2013: $1,200,367Net Income 2013: -$48,7342013Revenue 2014: $1,597,103Expenses 2014: $1,394,709Net Income 2014: $202,3942014Revenue 2015: $1,753,834Expenses 2015: $2,027,897Net Income 2015: -$274,0632015Revenue 2016: $1,915,709Expenses 2016: $1,762,838Net Income 2016: $152,8712016Revenue 2017: $1,869,790Expenses 2017: $1,689,525Net Income 2017: $180,2652017Revenue 2018: $1,760,611Expenses 2018: $1,765,716Net Income 2018: -$5,1052018Revenue 2019: $2,059,416Expenses 2019: $1,850,517Net Income 2019: $208,8992019Revenue 2020: $1,734,269Expenses 2020: $1,313,508Net Income 2020: $420,7612020Revenue 2021: $1,677,100Expenses 2021: $1,617,654Net Income 2021: $59,4462021Revenue 2022: $2,054,832Expenses 2022: $2,265,545Net Income 2022: -$210,7132022Revenue 2023: $2,627,993Expenses 2023: $2,122,695Net Income 2023: $505,2982023Revenue 2024: $2,775,559Expenses 2024: $2,639,034Net Income 2024: $136,5252024

Highlighted filing

2024

Revenue$2,775,559
Expenses$2,639,034
Net Income$136,525
Open 2024 Filing

Filings

Most recent year

2024 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$2,060,339
Liabilities
$1,151
Net assets
$2,059,188
Revenue
$2,775,559
Expenses
$2,639,034
Net income
$136,525
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.06$0.00$2.06$2.78$2.64$0.14
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.92$0.00$1.92$2.63$2.12$0.51
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.42$0.00$1.42$2.05$2.27$0.21
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.63$0.00$1.63$1.68$1.62$0.06
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.57$0.00$1.57$1.73$1.31$0.42
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.15$0.00$1.15$2.06$1.85$0.21
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.94$0.00$0.94$1.76$1.77$0.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.94$0.00$0.94$1.87$1.69$0.18
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.76$0.00$0.76$1.92$1.76$0.15
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.61$0.00$0.61$1.75$2.03$0.27
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.89$0.00$0.89$1.60$1.39$0.20
2013Detailed filing. Detailed filing data is available for this year.$0.68$0.00$0.68$1.15$1.20$0.05
2012Summary only. Only limited summary data is available for this year.$0.73$0.00$0.73$1.24$1.11$0.13
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.60$0.00$0.60$1.09
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.50$0.00$0.50$1.00
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 1, 2023
Return Version
2022v5.0
Gross Receipts
$2,054,832
Mission and Program Overview

Mission

Development of economic and employment opportunities in texas. Tedc provides information educational & legislative services to its members in order to foster expansion of existing industry location of new firms and development of strategies that promote a positive business climate in texas.

To promote business commerce, job growth and economic development in texas

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,007,382$962,730▼ $44,652
Cash and Non-Interest-Bearing Accounts$614,757$448,928▼ $165,829
Prepaid Expenses and Deferred Charges$6,102$6,102→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$1,628,241$1,417,760▼ $210,481
Liabilities
Accounts Payable and Accrued Expenses$163$395▲ $232
Total Liabilities$163$395▲ $232
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,101,446$1,014,563▼ $86,883
Net Assets With Donor Restrictions$526,632$402,802▼ $123,830
Total Net Assets Fund Balance$1,628,078$1,417,365▼ $210,713
Total Liabilities and Net Assets / Fund Balance$1,628,241$1,417,760▼ $210,481

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$45,005-
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Carlton SchwabPresidentFT$226,285$16,894$243,179

Board Members and Trustees

NameTitle
Wesley BurnettBoard Chair
Ray DunlapIncoming Board Chair
Greg SimsPast Chair
Kent SharpVice Chair
Susan GillVice Chair
Revenue and Support

Revenue Composition

Contributions and Grants
$146,914
Program Service Revenue
$2,073,795
Investment Income
$3,776
Other Revenue
$-169,653
Change in Net Assets
$-210,713

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,054,832
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,054,832
Total Revenue per Form 990
$2,054,832
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,714,512
Salaries, Compensation, and Employee Benefits$551,033
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings---$656,984
Other Salaries and Wages---$478,856
Occupancy---$87,730
All Other Expenses---$75,496
Insurance---$48,176
Other Employee Benefits---$40,607
Payroll Taxes---$31,570
Other Expenses---$26,705
Fees for Services Accounting---$17,623
Information Technology---$13,436
Travel---$5,940
Fees for Services Legal---$906
Total Functional Expenses$0$0$0$2,265,545

Audited Expense Reconciliation

Line ItemAmount
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Expenses per Audited Statements$0
Total Expenses per Audited Statements$0
Total Expenses per Form 990$0
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
Yes
In-house lobbying only
No
Subject to proxy tax
Yes

Reported Spending and Taxes

Line ItemAmount
Political Expenditures$22,000
Section 527 Activity Spending$0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
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

“The executive committee reviews a copy of the return prepared for filing and has a chance to comment or ask questions about the return before it is filed.”

Form 990, Part VI, Section B, Line 12C

“Board members and key employees are reminded at various board meetings of the conflict of interest policy and ask to discuss or disclose any potential conflicts that may exist.”

Form 990, Part VI, Section B, Line 15

“The executive committee reviews comparable salary data from various sources to guide the approved salary amounts for the organization's employees.”

Form 990, Part VI, Section C, Line 19

“Interested persons may call or write the phone number or address listed in the 990 and request a copy of the organizations governing documents, conflict of interest statement and financial statements.”

Filing and Contact Details

Filer

Filer Name
Texas Economic Development Council Inc
EIN
74-2053921
Phone
5124808432
Address
1601 RIO GRANDE 455, AUSTIN, TX 78701

Signing Officer

Name
Carlton Schwab
Title
President
Phone
5124808432
Signed
2023-11-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carlton Schwab
Formed
1961
Legal Domicile
TX
Voting Board Members
30
Independent Board Members
30
Employees
8
Volunteers
0

Preparer

Firm
Michelle Musick CPA
Address
4131 SPICEWOOD SPRINGS RD B-1, AUSTIN, TX 78759
Preparer
Michelle Musick CPA
Phone
5127949111
Raw XML Appendix365 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
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0163
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0395
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROMOTE BUSINESS COMMERCE, JOB GROWTH AND ECONOMIC DEVELOPMENT IN TEXAS
IRS990/AllOtherExpensesGrp/TotalAmt075496
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0THE ORGANIZATION
IRS990/BooksInCareOfDetail/PhoneNum05124808432
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01601 RIO GRANDE 455
IRS990/BooksInCareOfDetail/USAddress/CityNm0AUSTIN
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TX
IRS990/BooksInCareOfDetail/USAddress/ZIPCd078701
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0614757
IRS990/CashNonInterestBearingGrp/EOYAmt0448928
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConferencesMeetingsGrp/TotalAmt0656984
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0146914
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt03776
IRS990/CYOtherExpensesAmt01714512
IRS990/CYOtherRevenueAmt0-169653
IRS990/CYProgramServiceRevenueAmt02073795
IRS990/CYRevenuesLessExpensesAmt0-210713
IRS990/CYSalariesCompEmpBnftPaidAmt0551033
IRS990/CYTotalExpensesAmt02265545
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02054832
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0DEVELOPMENT OF ECONOMIC AND EMPLOYMENT OPPORTUNITIES IN TEXAS. TEDC PROVIDES INFORMATION EDUCATIONAL & LEGISLATIVE SERVICES TO ITS MEMBERS IN ORDER TO FOSTER EXPANSION OF EXISTING INDUSTRY LOCATION OF NEW FIRMS AND DEVELOPMENT OF STRATEGIES THAT PROMOTE A POSITIVE BUSINESS CLIMATE IN TEXAS.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt0526632
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt0402802
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt08
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/TotalAmt017623
IRS990/FeesForServicesLegalGrp/TotalAmt0906
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt540.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt516894
IRS990/Form990PartVIISectionAGrp/PersonNm0GREG SIMS
IRS990/Form990PartVIISectionAGrp/PersonNm1SUSAN GILL
IRS990/Form990PartVIISectionAGrp/PersonNm2WESLEY BURNETT
IRS990/Form990PartVIISectionAGrp/PersonNm3RAY DUNLAP
IRS990/Form990PartVIISectionAGrp/PersonNm4KENT SHARP
IRS990/Form990PartVIISectionAGrp/PersonNm5CARLTON SCHWAB
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt5226285
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/TitleTxt0PAST CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3INCOMING BOARD CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt5PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01961
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt030
IRS990/GovernmentGrantsAmt0146914
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt02054832
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt030
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt013436
IRS990/InsuranceGrp/TotalAmt048176
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt03776
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt03776
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt012
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt045005
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LandBldgEquipCostOrOtherBssAmt045005
IRS990/LegalDomicileStateCd0TX
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0DEVELOPMENT OF ECONOMIC AND EMPLOYMENT OPPORTUNITIES IN TEXAS. TEDC PROVIDES INFORMATION EDUCATIONAL & LEGISLATIVE SERVICES TO ITS MEMBERS IN ORDER TO FOSTER EXPANSION OF EXISTING INDUSTRY LOCATION OF NEW FIRMS AND DEVELOPMENT OF STRATEGIES THAT PROMOTE A POSITIVE BUSINESS CLIMATE IN TEXAS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01628078
IRS990/NetAssetsOrFundBalancesEOYAmt01417365
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01101446
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01014563
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt087730
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt040607
IRS990/OtherExpensesGrp/Desc0TEAM TEXAS
IRS990/OtherExpensesGrp/Desc1CONSULTING
IRS990/OtherExpensesGrp/Desc2BANK CHARGES/ MERCHANT
IRS990/OtherExpensesGrp/Desc3BOARD MEETINGS
IRS990/OtherExpensesGrp/TotalAmt0665025
IRS990/OtherExpensesGrp/TotalAmt183595
IRS990/OtherExpensesGrp/TotalAmt232896
IRS990/OtherExpensesGrp/TotalAmt326705
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MUTUAL FUND UNREALIZED
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0-169653
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0-169653
IRS990/OtherRevenueTotalAmt0-169653
IRS990/OtherSalariesAndWagesGrp/TotalAmt0478856
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt031570
IRS990/PoliticalCampaignActyInd01
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt06102
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt06102
IRS990/PrincipalOfficerNm0CARLTON SCHWAB
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0561499
IRS990/ProgramServiceRevenueGrp/BusinessCd1561499
IRS990/ProgramServiceRevenueGrp/Desc0REGISTRATION FEES
IRS990/ProgramServiceRevenueGrp/Desc1MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01171054
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1880795
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01171054
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1880795
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt049042
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0384
IRS990/PYOtherExpensesAmt01099034
IRS990/PYOtherRevenueAmt0110827
IRS990/PYProgramServiceRevenueAmt01516847
IRS990/PYRevenuesLessExpensesAmt059446
IRS990/PYSalariesCompEmpBnftPaidAmt0518620
IRS990/PYTotalExpensesAmt01617654
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01677100
IRS990/ReconcilationRevenueExpnssAmt0-210713
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01007382
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0962730
IRS990/ScheduleBRequiredInd00
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/Expended527ActivitiesAmt00
IRS990ScheduleC/InternalFundsContributedAmt00
IRS990ScheduleC/OnlyInHouseLobbyingInd00
IRS990ScheduleC/PoliticalExpendituresAmt022000
IRS990ScheduleC/Section527PoliticalOrgGrp/ContributionsRcvdDlvrAmt022000
IRS990ScheduleC/Section527PoliticalOrgGrp/EIN0742053921
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt0PAC BANK ACCOUNT
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/AddressLine1Txt01601 RIO GRANDE ST 455 AUSTIN T
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/CityNm0AUSTIN
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/StateAbbreviationCd0TX
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/ZIPCd078701
IRS990ScheduleC/SubstantiallyAllDuesNondedInd01
IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0TEDC MEMBERS CAN CONTRIBUTE UP TO $5000 PER ANUM TO A PAC FUND ESTABLISHED BY TEDC THAT IS USED TO DONATE TO CAMPAIGNS OF CANDIDATES THAT ARE GENERALLY SUPPORTIVE OF THE ORGANIZATIONS PURPOSE AS STATED IN PART I LINE 1. PER ANNUM RECEIPTS FOR THE PAC FUND HAVE BEEN UNDER $25,000; LIFE OF THE ORGANIZATION TO DATE. MANAGEMENT REASONABLY EXPECTS THE LEVEL TO BE BELOW $25,000 IN THE FUTURE.
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I-A, LINE 1:
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt045005
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt045005
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt00
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02054832
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt00
IRS990ScheduleD/TotalRevenuePerForm990Amt02054832
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02054832
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0226285
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt016894
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0CARLTON SCHWAB
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0243179
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE EXECUTIVE COMMITTEE REVIEWS A COPY OF THE RETURN PREPARED FOR FILING AND HAS A CHANCE TO COMMENT OR ASK QUESTIONS ABOUT THE RETURN BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS AND KEY EMPLOYEES ARE REMINDED AT VARIOUS BOARD MEETINGS OF THE CONFLICT OF INTEREST POLICY AND ASK TO DISCUSS OR DISCLOSE ANY POTENTIAL CONFLICTS THAT MAY EXIST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE EXECUTIVE COMMITTEE REVIEWS COMPARABLE SALARY DATA FROM VARIOUS SOURCES TO GUIDE THE APPROVED SALARY AMOUNTS FOR THE ORGANIZATION'S EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3INTERESTED PERSONS MAY CALL OR WRITE THE PHONE NUMBER OR ADDRESS LISTED IN THE 990 AND REQUEST A COPY OF THE ORGANIZATIONS GOVERNING DOCUMENTS, CONFLICT OF INTEREST STATEMENT AND FINANCIAL STATEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd01
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01628241
IRS990/TotalAssetsEOYAmt01417760
IRS990/TotalAssetsGrp/BOYAmt01628241
IRS990/TotalAssetsGrp/EOYAmt01417760
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalContributionsAmt0146914
IRS990/TotalEmployeeCnt08
IRS990/TotalFunctionalExpensesGrp/TotalAmt02265545
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0163
IRS990/TotalLiabilitiesEOYAmt0395
IRS990/TotalLiabilitiesGrp/BOYAmt0163
IRS990/TotalLiabilitiesGrp/EOYAmt0395
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01628078
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01417365
IRS990/TotalOtherCompensationAmt016894
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt021946
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt021946
IRS990/TotalProgramServiceRevenueAmt02073795
IRS990/TotalReportableCompFromOrgAmt0226285
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01907918
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02054832
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01628241
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01417760
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt05940
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01601 RIO GRANDE 455
IRS990/USAddress/CityNm0AUSTIN
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd078701
IRS990/VotingMembersGoverningBodyCnt030
IRS990/VotingMembersIndependentCnt030
IRS990/WebsiteAddressTxt0WWW.TEXASEDC.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CARLTON SCHWAB
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05124808432
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-01
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TEXAS ECONOMIC DEVELOPMENT COUNCIL INC
ReturnHeader/Filer/BusinessNameControlTxt0TEXA
ReturnHeader/Filer/EIN0742053921
ReturnHeader/Filer/PhoneNum05124808432
ReturnHeader/Filer/USAddress/AddressLine1Txt01601 RIO GRANDE 455
ReturnHeader/Filer/USAddress/CityNm0AUSTIN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd078701
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0844889522
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MICHELLE MUSICK CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04131 SPICEWOOD SPRINGS RD B-1
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0AUSTIN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd078759
ReturnHeader/PreparerPersonGrp/PhoneNum05127949111
ReturnHeader/PreparerPersonGrp/PreparationDt02023-10-31
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHELLE MUSICK CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02023-11-01T15:36:37-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0CARLTON
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0SCHWAB
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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