Civic Intelligence

Texas Economic Development Council Inc

990 • Fiscal year 2017 • EIN 74-2053921

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 05, 2018

Organization ProfileWWW.TEXASEDC.ORG

View Organization Page

1601 Rio Grande No 455Austin, TX 78701

(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.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

10th percentile

0.00x

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

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Net Margin

71st percentile

9.6%

Higher net margin than 71% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

58th percentile

$162,346

Higher top officer pay than 58% of similar nonprofits.

Top officer pay equals 8.7% of source-year revenue.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2017

Asset Growth

86th percentile

24%

Faster asset growth than 86% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

27th percentile

-2.4%

Faster revenue growth than 27% of similar nonprofits.

2017 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets10th percentile

Assets

Up

$944,155

Up $180,265 (+24%) from 2016

Net Assets

Up

$944,077

Up $180,265 (+24%) from 2016

Liabilities

Flat

$78

Flat from 2016

Revenue And Expenses
Liabilities / Revenue10th percentileNet Margin71st percentile

Revenue

Down

$1,869,790

Down $45,919 (-2.4%) from 2016

Expenses

Down

$1,689,525

Down $73,313 (-4.2%) from 2016

Net Income

Up

$180,265

Up $27,394 (+18%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth86th 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

2017

Assets$944,155
Liabilities$78
Net Assets$944,077
Open 2017 Filing

Operations Trend

Revenue Growth27th 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

2017

Revenue$1,869,790
Expenses$1,689,525
Net Income$180,265
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 5, 2018
Return Version
2017v2.3
Gross Receipts
$1,869,790
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$624,609$809,292▲ $184,683
Cash and Non-Interest-Bearing Accounts$133,179$128,761▼ $4,418
Prepaid Expenses and Deferred Charges$6,102$6,102→ $0
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$763,890$944,155▲ $180,265
Liabilities
Accounts Payable and Accrued Expenses$78$78→ $0
Total Liabilities$78$78→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$666,195$809,674▲ $143,479
Temporarily Rstr Net Assets$97,617$134,403▲ $36,786
Total Net Assets Fund Balance$763,812$944,077▲ $180,265
Total Liabilities and Net Assets / Fund Balance$763,890$944,155▲ $180,265

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$45,005-
Compensation and Service Providers
Top Officer Pay58th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Carlton SchwabPresidentFT$162,346$162,346

Board Members and Trustees

NameTitle
Tom LongChair
Karen DicksonChair-elect
Fred WelchImmediate Past Chair
Dale FowlerVice Chair
Greg SimsVice Chair
Wesley BurnettTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,779,173
Investment Income
$291
Other Revenue
$90,326
Change in Net Assets
$180,265

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,869,790
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,869,790
Total Revenue per Form 990
$1,869,790
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,276,371
Salaries, Compensation, and Employee Benefits$413,154
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$354,622
Conferences and Meetings---$348,456
Occupancy---$76,758
Insurance---$42,979
All Other Expenses---$41,074
Payroll Taxes---$34,985
Other Employee Benefits---$23,547
Fees for Services Accounting---$10,574
Travel---$10,547
Other Expenses---$9,371
Information Technology---$5,026
Fees for Services Legal---$1,209
Total Functional Expenses$0$0$0$1,689,525

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,689,525
Total Expenses per Audited Statements$1,689,525
Total Expenses per Form 990$1,689,525
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$7,000
Section 527 Activity Spending$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 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 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

Filer Name
Texas Economic Development Council Inc
EIN
74-2053921
Phone
5124808432
Address
1601 RIO GRANDE NO 455, AUSTIN, TX 78701

Signing Officer

Name
Carlton Schwab
Title
President
Phone
5124808432
Signed
2018-11-05
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
5
Volunteers
0

Preparer

Firm
John M Vail Pc CPA
Address
4131 SPICEWOOD SPRINGS RD B-1, AUSTIN, TX 78759
Preparer
John M Vail CPA Pc
Phone
5127949111
Raw XML Appendix368 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/BOYAmt078
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt078
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROMOTE BUSINESS COMMERCE, JOB GROWTH AND ECONOMIC DEVELOPMENT IN TEXAS
IRS990/AllOtherExpensesGrp/TotalAmt041074
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0THE ORGANIZATION
IRS990/BooksInCareOfDetail/PhoneNum05124808432
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01601 RIO GRANDE NO 455
IRS990/BooksInCareOfDetail/USAddress/CityNm0AUSTIN
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TX
IRS990/BooksInCareOfDetail/USAddress/ZIPCd078701
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0133179
IRS990/CashNonInterestBearingGrp/EOYAmt0128761
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConferencesMeetingsGrp/TotalAmt0348456
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0291
IRS990/CYOtherExpensesAmt01276371
IRS990/CYOtherRevenueAmt090326
IRS990/CYProgramServiceRevenueAmt01779173
IRS990/CYRevenuesLessExpensesAmt0180265
IRS990/CYSalariesCompEmpBnftPaidAmt0413154
IRS990/CYTotalExpensesAmt01689525
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01869790
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/EmployeeCnt05
IRS990/EmploymentTaxReturnsFiledInd00
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/TotalAmt010574
IRS990/FeesForServicesLegalGrp/TotalAmt01209
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/PersonNm0TOM LONG
IRS990/Form990PartVIISectionAGrp/PersonNm1KAREN DICKSON
IRS990/Form990PartVIISectionAGrp/PersonNm2DALE FOWLER
IRS990/Form990PartVIISectionAGrp/PersonNm3GREG SIMS
IRS990/Form990PartVIISectionAGrp/PersonNm4WESLEY BURNETT
IRS990/Form990PartVIISectionAGrp/PersonNm5FRED WELCH
IRS990/Form990PartVIISectionAGrp/PersonNm6CARLTON SCHWAB
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt6162346
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/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt030
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01869790
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt030
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt05026
IRS990/InsuranceGrp/TotalAmt042979
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0291
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0291
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt011
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/NetAssetsOrFundBalancesBOYAmt0763812
IRS990/NetAssetsOrFundBalancesEOYAmt0944077
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt076758
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt023547
IRS990/OtherExpensesGrp/Desc0TEAM TEXAS
IRS990/OtherExpensesGrp/Desc1CONSULTING
IRS990/OtherExpensesGrp/Desc2BANK CHARGES/ MERCHANT
IRS990/OtherExpensesGrp/Desc3TELEPHONE
IRS990/OtherExpensesGrp/TotalAmt0630825
IRS990/OtherExpensesGrp/TotalAmt176526
IRS990/OtherExpensesGrp/TotalAmt223026
IRS990/OtherExpensesGrp/TotalAmt39371
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MUTUAL FUND UNREALIZED
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt090326
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt090326
IRS990/OtherRevenueTotalAmt090326
IRS990/OtherSalariesAndWagesGrp/TotalAmt0354622
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt034985
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/RelatedOrExemptFuncIncomeAmt01033734
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1584900
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01033734
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1584900
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0232
IRS990/PYOtherExpensesAmt01369145
IRS990/PYOtherRevenueAmt052010
IRS990/PYProgramServiceRevenueAmt01863467
IRS990/PYRevenuesLessExpensesAmt0152871
IRS990/PYSalariesCompEmpBnftPaidAmt0393693
IRS990/PYTotalExpensesAmt01762838
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01915709
IRS990/ReconcilationRevenueExpnssAmt0180265
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0624609
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0809292
IRS990/ScheduleBRequiredInd00
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/Expended527ActivitiesAmt00
IRS990ScheduleC/InternalFundsContributedAmt00
IRS990ScheduleC/OnlyInHouseLobbyingInd00
IRS990ScheduleC/PoliticalExpendituresAmt07000
IRS990ScheduleC/Section527PoliticalOrgGrp/EIN0555555555
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.
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I-A, LINE 1:
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt045005
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt045005
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01689525
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01869790
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt01689525
IRS990ScheduleD/TotalRevenuePerForm990Amt01869790
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01869790
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01689525
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0162346
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0CARLTON SCHWAB
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0162346
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 ORGANIZATIONS 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/SubjectToProxyTaxInd01
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt097617
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0134403
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0763890
IRS990/TotalAssetsEOYAmt0944155
IRS990/TotalAssetsGrp/BOYAmt0763890
IRS990/TotalAssetsGrp/EOYAmt0944155
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/TotalAmt01689525
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt078
IRS990/TotalLiabilitiesEOYAmt078
IRS990/TotalLiabilitiesGrp/BOYAmt078
IRS990/TotalLiabilitiesGrp/EOYAmt078
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0763812
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0944077
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt0160539
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt0160539
IRS990/TotalProgramServiceRevenueAmt01779173
IRS990/TotalReportableCompFromOrgAmt0162346
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01869790
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01869790
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0763890
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0944155
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt010547
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0666195
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0809674
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01601 RIO GRANDE NO 455
IRS990/USAddress/CityNm0AUSTIN
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd078701
IRS990/VotingMembersGoverningBodyCnt030
IRS990/VotingMembersIndependentCnt030
IRS990/WebsiteAddressTxt0WWW.TEXASEDC.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CARLTON SCHWAB
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05124808432
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TEXAS ECONOMIC DEVELOPMENT COUNCIL INC
ReturnHeader/Filer/BusinessNameControlTxt0TEXA
ReturnHeader/Filer/EIN0742053921
ReturnHeader/Filer/PhoneNum05124808432
ReturnHeader/Filer/USAddress/AddressLine1Txt01601 RIO GRANDE NO 455
ReturnHeader/Filer/USAddress/CityNm0AUSTIN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd078701
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId01565A502F12ADBD36105F55145EB3CDB26760341
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0EDB51936684C23FA86B8392E98F3F90B40C8164F
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt097.77.123.194
ReturnHeader/FilingSecurityInformation/IPDt02018-11-05
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm012:03:09
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0742723044
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JOHN M VAIL PC 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/PreparationDt02018-11-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOHN M VAIL CPA PC
ReturnHeader/ReturnTs02018-11-05T12:03:41-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$944,155
Liabilities
$78
Net assets
$944,077
Revenue
$1,869,790
Expenses
$1,689,525
Net income
$180,265
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
2017Detailed filing. Detailed filing data is available for this year.$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