Civic Intelligence

Texas Economic Development Council Inc

990 • Fiscal year 2013 • EIN 74-2053921

Jan 01, 2013 to Dec 31, 2013 • Filed on Sep 25, 2014

Organization ProfileWWW.TEXASEDC.ORG

View Organization Page

1011 San Jacinto No 65078701

(512) 480-8432

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

10th percentile

0.00x

Higher debt load relative to assets than 10% of similar nonprofits.

2013 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

10th percentile

0.00x

Higher debt load relative to revenue than 10% of similar nonprofits.

2013 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2013

Net Margin

20th percentile

-4.2%

Higher net margin than 20% of similar nonprofits.

2013 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2013

Top Officer Pay

43rd percentile

$122,461

Higher top officer pay than 43% of similar nonprofits.

Top officer pay equals 10.6% of source-year revenue.

2013 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2013

Asset Growth

17th percentile

-6.7%

Faster asset growth than 17% of similar nonprofits.

2013 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

15th percentile

-7.4%

Faster revenue growth than 15% of similar nonprofits.

2013 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Balance Sheet
Liabilities / Assets10th percentile

Assets

Down

$682,653

Down $48,706 (-6.7%) from 2012

Net Assets

Down

$682,610

Down $48,734 (-6.7%) from 2012

Liabilities

Up

$43

Up $28 (+187%) from 2012

Revenue And Expenses
Liabilities / Revenue10th percentileNet Margin20th percentile

Revenue

Down

$1,151,633

Down $92,142 (-7.4%) from 2012

Expenses

Up

$1,200,367

Up $87,090 (+7.8%) from 2012

Net Income

Down

-$48,734

Down $179,232 (-137%) from 2012

Historical Trend

Balance Sheet Trend

Asset Growth17th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

2013

Assets$682,653
Liabilities$43
Net Assets$682,610
Open 2013 Filing

Operations Trend

Revenue Growth15th percentile

Revenue, expenses, and net income across loaded years, with this 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

2013

Revenue$1,151,633
Expenses$1,200,367
Net Income-$48,734
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Sep 25, 2014
Return Version
2013v3.0
Gross Receipts
$1,151,633
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$460,369$533,613▲ $73,244
Cash and Non-Interest-Bearing Accounts$267,290$145,340▼ $121,950
Prepaid Expenses and Deferred Charges$3,700$3,700→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$731,359$682,653▼ $48,706
Liabilities
Accounts Payable and Accrued Expenses$15$43▲ $28
Total Liabilities$15$43▲ $28
Net Assets / Fund Balance
Unrestricted Net Assets$441,376$516,828▲ $75,452
Temporarily Rstr Net Assets$289,968$165,782▼ $124,186
Total Net Assets Fund Balance$731,344$682,610▼ $48,734
Total Liabilities and Net Assets / Fund Balance$731,359$682,653▼ $48,706

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$45,005-
Compensation and Service Providers
Top Officer Pay43rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Carlton SchwabPresidentFT$122,461$122,461

Board Members and Trustees

NameTitle
Rusty BrockmanChair
Mike RosaChair-elect
Lorie VincentImmediate Past Chair
Fred WelchVice Chair
John OsborneVice Chair
Tom LongTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,078,200
Investment Income
$181
Other Revenue
$73,252
Change in Net Assets
$-48,734

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,151,633
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,151,633
Total Revenue per Form 990
$1,151,633
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$887,395
Salaries, Compensation, and Employee Benefits$312,972
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$274,303
Conferences and Meetings---$233,976
All Other Expenses---$80,832
Occupancy---$47,647
Insurance---$28,903
Other Expenses---$20,558
Payroll Taxes---$20,124
Other Employee Benefits---$18,545
Fees for Services Accounting---$9,439
Travel---$8,365
Information Technology---$3,323
Fees for Services Legal---$1,277
Total Functional Expenses$0$0$0$1,200,367

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,200,367
Total Expenses per Audited Statements$1,200,367
Total Expenses per Form 990$1,200,367
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on 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$15,469
Section 527 Activity Spending$0

Section 527 Organizations

OrganizationLocationAmount
55-5555555-$0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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 A, Line 6

“The non profit corporation has dues paying members.”

Form 990, Part VI, Section B, Line 11

“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 organizations 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

EIN
74-2053921
Phone
5124808432

Signing Officer

Name
Carlton Schwab
Title
President
Phone
5124808432
Signed
2014-09-25
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
3
Volunteers
0

Preparer

Preparer
John M Vail CPA Pc
Phone
5127949111
Raw XML Appendix346 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/BOYAmt015
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt043
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROMOTE BUSINESS COMMERCE, JOB GROWTH AND ECONOMIC DEVELOPMENT IN TEXAS
IRS990/AllOtherExpensesGrp/TotalAmt080832
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine10THE ORGANIZATION
IRS990/BooksInCareOfDetail/PhoneNum05124808432
IRS990/BooksInCareOfDetail/USAddress/AddressLine101011 SAN JACINTO NO 650
IRS990/BooksInCareOfDetail/USAddress/City0AUSTIN
IRS990/BooksInCareOfDetail/USAddress/State0TX
IRS990/BooksInCareOfDetail/USAddress/ZIPCode078701
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0267290
IRS990/CashNonInterestBearingGrp/EOYAmt0145340
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConferencesMeetingsGrp/TotalAmt0233976
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0181
IRS990/CYOtherExpensesAmt0887395
IRS990/CYOtherRevenueAmt073252
IRS990/CYProgramServiceRevenueAmt01078200
IRS990/CYRevenuesLessExpensesAmt0-48734
IRS990/CYSalariesCompEmpBnftPaidAmt0312972
IRS990/CYTotalExpensesAmt01200367
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01151633
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/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt03
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/TotalAmt09439
IRS990/FeesForServicesLegalGrp/TotalAmt01277
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/AverageHoursPerWeekRt50.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt640.00
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd5X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/PersonNm0RUSTY BROCKMAN
IRS990/Form990PartVIISectionAGrp/PersonNm1MIKE ROSA
IRS990/Form990PartVIISectionAGrp/PersonNm2JOHN OSBORNE
IRS990/Form990PartVIISectionAGrp/PersonNm3FRED WELCH
IRS990/Form990PartVIISectionAGrp/PersonNm4TOM LONG
IRS990/Form990PartVIISectionAGrp/PersonNm5LORIE VINCENT
IRS990/Form990PartVIISectionAGrp/PersonNm6CARLTON SCHWAB
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt6122461
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIR-ELECT
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5IMMEDIATE PAST CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt6PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01961
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt030
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01151633
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt030
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt03323
IRS990/InsuranceGrp/TotalAmt028903
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0181
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0181
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt045005
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LandBldgEquipCostOrOtherBssAmt045005
IRS990/LegalDomicileStateCd0TX
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
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/NetAssetsOrFundBalancesBOYAmt0731344
IRS990/NetAssetsOrFundBalancesEOYAmt0682610
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt047647
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt018545
IRS990/OtherExpensesGrp/Desc0TEAM TEXAS
IRS990/OtherExpensesGrp/Desc1CONSULTING
IRS990/OtherExpensesGrp/Desc2BANK CHARGES
IRS990/OtherExpensesGrp/Desc3BOARD MEETINGS
IRS990/OtherExpensesGrp/TotalAmt0329156
IRS990/OtherExpensesGrp/TotalAmt196068
IRS990/OtherExpensesGrp/TotalAmt227851
IRS990/OtherExpensesGrp/TotalAmt320558
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MUTUAL FUND UNREALIZED
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt073252
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt073252
IRS990/OtherRevenueTotalAmt073252
IRS990/OtherSalariesAndWagesGrp/TotalAmt0274303
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt020124
IRS990/PoliticalCampaignActyInd01
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03700
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03700
IRS990/PrincipalOfficerNm0CARLTON SCHWAB
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0561499
IRS990/ProgramServiceRevenueGrp/BusinessCd1561499
IRS990/ProgramServiceRevenueGrp/Desc0REGISTRATION FEES
IRS990/ProgramServiceRevenueGrp/Desc1MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0692783
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1341633
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0692783
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1341633
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0182
IRS990/PYOtherExpensesAmt0755676
IRS990/PYOtherRevenueAmt031404
IRS990/PYProgramServiceRevenueAmt01212189
IRS990/PYRevenuesLessExpensesAmt0130498
IRS990/PYSalariesCompEmpBnftPaidAmt0357601
IRS990/PYTotalExpensesAmt01113277
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01243775
IRS990/ReconcilationRevenueExpnssAmt0-48734
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0460369
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0533613
IRS990/ScheduleBRequiredInd00
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/Expended527ActivitiesAmt00
IRS990ScheduleC/InternalFundsContributedAmt00
IRS990ScheduleC/OnlyInHouseLobbyingInd00
IRS990ScheduleC/PoliticalExpendituresAmt015469
IRS990ScheduleC/Section527PoliticalOrgGrp/ContributionsRcvdDlvrAmt00
IRS990ScheduleC/Section527PoliticalOrgGrp/EIN0555555555
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine10PAC BANK ACCOUNT
IRS990ScheduleC/Section527PoliticalOrgGrp/PaidInternalFundsAmt00
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/AddressLine101011 SAN JACINTO ST 650
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/City0AUSTIN
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/State0TX
IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/ZIPCode078701
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.
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I-A, LINE 1:
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt045005
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt045005
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01200367
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01151633
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt01200367
IRS990ScheduleD/TotalRevenuePerForm990Amt01151633
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01151633
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01200367
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE NON PROFIT CORPORATION HAS DUES PAYING MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 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/ExplanationTxt2BOARD 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/ExplanationTxt3THE EXECUTIVE COMMITTEE REVIEWS COMPARABLE SALARY DATA FROM VARIOUS SOURCES TO GUIDE THE APPROVED SALARY AMOUNTS FOR THE ORGANIZATIONS EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4INTERESTED 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 A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd01
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0289968
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0165782
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0731359
IRS990/TotalAssetsEOYAmt0682653
IRS990/TotalAssetsGrp/BOYAmt0731359
IRS990/TotalAssetsGrp/EOYAmt0682653
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/TotalAmt01200367
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt015
IRS990/TotalLiabilitiesEOYAmt043
IRS990/TotalLiabilitiesGrp/BOYAmt015
IRS990/TotalLiabilitiesGrp/EOYAmt043
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0731344
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0682610
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt043784
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt043784
IRS990/TotalProgramServiceRevenueAmt01078200
IRS990/TotalReportableCompFromOrgAmt0122461
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01151633
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01151633
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0731359
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0682653
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt08365
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0441376
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0516828
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine101011 SAN JACINTO NO 650
IRS990/USAddress/City0AUSTIN
IRS990/USAddress/State0TX
IRS990/USAddress/ZIPCode078701
IRS990/VotingMembersGoverningBodyCnt030
IRS990/VotingMembersIndependentCnt030
IRS990/WebsiteAddressTxt0WWW.TEXASEDC.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CARLTON SCHWAB
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05124808432
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-09-25
ReturnHeader/Filer/BusinessName/BusinessNameLine10TEXAS ECONOMIC DEVELOPMENT COUNCIL INC
ReturnHeader/Filer/BusinessNameControlTxt0TEXA
ReturnHeader/Filer/EIN0742053921
ReturnHeader/Filer/PhoneNum05124808432
ReturnHeader/Filer/USAddress/AddressLine101011 SAN JACINTO NO 650
ReturnHeader/Filer/USAddress/City0AUSTIN
ReturnHeader/Filer/USAddress/State0TX
ReturnHeader/Filer/USAddress/ZIPCode078701
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0742723044
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10JOHN M VAIL PC CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine104131 SPICEWOOD SPRINGS RD B-1
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0AUSTIN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode078759
ReturnHeader/PreparerPersonGrp/PhoneNum05127949111
ReturnHeader/PreparerPersonGrp/PreparationDt02014-09-25
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN M VAIL CPA PC
ReturnHeader/ReturnTs02014-10-09T15:24:09-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-01-01
ReturnHeader/TaxPeriodEndDt02013-12-31
ReturnHeader/TaxYr02013

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$682,653
Liabilities
$43
Net assets
$682,610
Revenue
$1,151,633
Expenses
$1,200,367
Net income
-$48,734
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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2013 filings • 501(c)6 • $1M-$5M nonprofits