Civic Intelligence

Killeen Economic Development

990 • Fiscal year 2017 • EIN 74-2594957

Oct 01, 2016 to Sep 30, 2017 • Filed on Feb 13, 2018

Organization ProfileN/A
One Santa Fe PlazaKilleen, TX 76541

(254) 526-9551

Siviq Scores

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

Liabilities / Assets

24th percentile

0.10x

Higher debt load relative to assets than 24% of similar nonprofits.

2017 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

89th percentile

0.93x

Higher debt load relative to revenue than 89% of similar nonprofits.

2017 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2017

Net Margin

22nd percentile

-1.4%

Higher net margin than 22% of similar nonprofits.

2017 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

8th percentile

$0

Higher top officer pay than 8% of similar nonprofits.

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

2017 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2017

Asset Growth

24th percentile

0.3%

Faster asset growth than 24% of similar nonprofits.

2017 filings • 501(c)6 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

2nd percentile

-34%

Faster revenue growth than 2% of similar nonprofits.

2017 filings • 501(c)6 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets24th percentile

Assets

Up

$10,775,502

Up $33,098 (+0.3%) from 2016

Net Assets

Down

$9,726,938

Down $16,344 (-0.2%) from 2016

Liabilities

Up

$1,048,564

Up $49,442 (+4.9%) from 2016

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin22nd percentile

Revenue

Down

$1,130,157

Down $581,321 (-34%) from 2016

Expenses

Down

$1,146,501

Down $279,884 (-20%) from 2016

Net Income

Down

-$16,344

Down $301,437 (-106%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth24th percentile

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

$15M$10M$5.0M$0Assets 2010: $10,448,265Liabilities 2010: $857,043Net Assets 2010: $9,591,2222010Assets 2011: $10,317,120Liabilities 2011: $846,513Net Assets 2011: $9,470,6072011Assets 2012: $10,587,449Liabilities 2012: $888,052Net Assets 2012: $9,699,3972012Assets 2013: $10,719,799Liabilities 2013: $931,629Net Assets 2013: $9,788,1702013Assets 2014: $10,986,749Liabilities 2014: $979,344Net Assets 2014: $10,007,4052014Assets 2015: $10,483,492Liabilities 2015: $1,025,303Net Assets 2015: $9,458,1892015Assets 2016: $10,742,404Liabilities 2016: $999,122Net Assets 2016: $9,743,2822016Assets 2017: $10,775,502Liabilities 2017: $1,048,564Net Assets 2017: $9,726,9382017Assets 2018: $10,728,638Liabilities 2018: $1,099,582Net Assets 2018: $9,629,0562018Assets 2019: $10,430,175Liabilities 2019: $1,290,619Net Assets 2019: $9,139,5562019Assets 2020: $10,270,015Liabilities 2020: $1,223,627Net Assets 2020: $9,046,3882020Assets 2021: $9,819,595Liabilities 2021: $1,301,765Net Assets 2021: $8,517,8302021Assets 2022: $9,505,741Liabilities 2022: $1,010,584Net Assets 2022: $8,495,1572022Assets 2023: $9,564,725Liabilities 2023: $205,532Net Assets 2023: $9,359,1932023Assets 2024: $13,387,201Liabilities 2024: $3,821,291Net Assets 2024: $9,565,9102024Assets 2025: $12,268,156Liabilities 2025: $2,694,301Net Assets 2025: $9,573,8552025

Highlighted filing

2017

Assets$10,775,502
Liabilities$1,048,564
Net Assets$9,726,938
Open 2017 Filing

Operations Trend

Revenue Growth2nd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $2,079,4482010Expenses 2011: $1,589,1382011Expenses 2012: $1,256,7652012Expenses 2013: $1,352,2902013Revenue 2014: $1,507,864Expenses 2014: $1,288,629Net Income 2014: $219,2352014Revenue 2015: $1,220,887Expenses 2015: $1,770,103Net Income 2015: -$549,2162015Revenue 2016: $1,711,478Expenses 2016: $1,426,385Net Income 2016: $285,0932016Revenue 2017: $1,130,157Expenses 2017: $1,146,501Net Income 2017: -$16,3442017Revenue 2018: $1,226,636Expenses 2018: $1,171,116Net Income 2018: $55,5202018Revenue 2019: $1,118,558Expenses 2019: $1,608,058Net Income 2019: -$489,5002019Revenue 2020: $1,055,205Expenses 2020: $1,148,373Net Income 2020: -$93,1682020Revenue 2021: $2,118,011Expenses 2021: $2,646,569Net Income 2021: -$528,5582021Revenue 2022: $1,343,814Expenses 2022: $1,366,487Net Income 2022: -$22,6732022Revenue 2023: $2,552,550Expenses 2023: $1,688,514Net Income 2023: $864,0362023Revenue 2024: $1,739,263Expenses 2024: $1,479,458Net Income 2024: $259,8052024Revenue 2025: $1,539,026Expenses 2025: $1,531,081Net Income 2025: $7,9452025

Highlighted filing

2017

Revenue$1,130,157
Expenses$1,146,501
Net Income-$16,344
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2016 to Sep 30, 2017
Signed
Feb 13, 2018
Return Version
2016v3.0
Gross Receipts
$1,130,157
Mission and Program Overview

Mission

To promote economic development in the community by expandng existing businesses and attracting new businesses.

To promote economic development

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$5,147,585$4,982,071▼ $165,514
Land, Buildings, and Equipment, Net$5,090,931$4,945,522▼ $145,409
Cash and Non-Interest-Bearing Accounts$348,346$694,508▲ $346,162
Prepaid Expenses and Deferred Charges$1,403--
Accounts Receivable$738--
Total Assets$10,742,404$10,775,502▲ $33,098
Other Assets Total$153,401$153,401→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$999,122$1,048,149▲ $49,027
Accounts Payable and Accrued Expenses-$415-
Total Liabilities$999,122$1,048,564▲ $49,442
Net Assets / Fund Balance
Temporarily Rstr Net Assets$9,743,282$9,726,938▼ $16,344
Total Net Assets Fund Balance$9,743,282$9,726,938▼ $16,344
Total Liabilities and Net Assets / Fund Balance$10,742,404$10,775,502▲ $33,098

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,807,066$2,707,379$5,514,445
Land$2,125,395-$2,125,395
Other Land Buildings$13,061$18,321$31,382
Compensation and Service Providers
Top Officer Pay8th percentile

Board Members and Trustees

NameTitle
Charlie WattsPresident
John GilmoreVice President
John Crutchfield IiiExecutive Director
Paula LohseChamber Rep
Debbie Nash KingCity Rep
Juan RiveraCity Rep
Mayro Jose SegarraCity Rep
Jim FosterKif Rep
Karl GreenSecretary
Bobby HoxworthTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$386,354
Program Service Revenue
$696,174
Investment Income
$34,814
Other Revenue
$12,815
Change in Net Assets
$-16,344

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,130,157
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,130,157
Total Revenue per Form 990
$1,130,157
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,046,501
Grants and Similar Amounts Paid$100,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$204,500--$204,500
Depreciation Depletion$145,409--$145,409
Grants to Domestic Orgs$100,000--$100,000
Advertising$78,918--$78,918
Interest$49,027--$49,027
Insurance$17,863--$17,863
Other Expenses$14,968--$14,968
Fees for Services Legal$10,147--$10,147
Fees for Services Accounting$8,000--$8,000
Total Functional Expenses$1,146,501$0$0$1,146,501

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,146,501
Total Expenses per Audited Statements$1,146,501
Total Expenses per Form 990$1,146,501
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Texas A&m University-central Texas FoundationCollege Station, TX501(c)(3)To Provide Matching Scholarship Funds Generated in the Community$100,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

“Nine members are appointed by the city council of city of killeen. There are nine members that are nominated and representing the following organizations: 3 from city of killeen mayor and city council, three from the greater killeen chamber of commerce, and three from the killeen industrial foundation.”

Form 990, Part VI, Section A, Line 7B

“As provided in the agreement between kedc and the city of killeen, kedc has the authority to commit and spend funds received from the city without city council approval for activities specifically identified in the agreement. However, any acts or activities not identified, but in accordance with kedc bylaws, must be approved by the city council prior to any commitment or expenditure.”

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

“Form 990 is reviewed by the greater killeen chamber of commerce's vp of finance & administration prior to filing. Form 990 is prepared from the board approved financial statements.”

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

“Individuals are required to disclose any potential conflict of interests. These potential conflict of interest relationships are reviewed by the board and addressed on an individual basis.”

Form 990, Part VI, Section C, Line 19

“Governing documents and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Killeen Economic Development
EIN
74-2594957
Phone
2545269551
Address
ONE SANTA FE PLAZA, KILLEEN, TX 76541

Signing Officer

Name
John Crutchfield Iii
Title
Executive Director
Phone
2545269551
Signed
2018-02-13

Organization Details

Principal Officer
John Crutchfield Iii
Formed
1990
Legal Domicile
TX
Voting Board Members
10
Independent Board Members
9
Employees
0
Volunteers
0

Preparer

Firm
Lott Vernon & Co Pc
Address
109 E AVE B, KILLEEN, TX 76541
Preparer
James Mobley
Phone
2545260571
Raw XML Appendix384 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/EOYAmt0415
IRS990/AccountsReceivableGrp/BOYAmt0738
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROMOTE ECONOMIC DEVELOPMENT
IRS990/AdvertisingGrp/ProgramServicesAmt078918
IRS990/AdvertisingGrp/TotalAmt078918
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0HEATHER NUSBAUM
IRS990/BooksInCareOfDetail/PhoneNum02545269551
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0ONE SANTA FE PLAZA
IRS990/BooksInCareOfDetail/USAddress/CityNm0KILLEEN
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TX
IRS990/BooksInCareOfDetail/USAddress/ZIPCd076541
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0348346
IRS990/CashNonInterestBearingGrp/EOYAmt0694508
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0386354
IRS990/CYGrantsAndSimilarPaidAmt0100000
IRS990/CYInvestmentIncomeAmt034814
IRS990/CYOtherExpensesAmt01046501
IRS990/CYOtherRevenueAmt012815
IRS990/CYProgramServiceRevenueAmt0696174
IRS990/CYRevenuesLessExpensesAmt0-16344
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt01146501
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01130157
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0145409
IRS990/DepreciationDepletionGrp/TotalAmt0145409
IRS990/Desc0TO PROVIDE MATCHING SCHOLARSHIP FUNDS GENERATED IN THE COMMUNITY.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd01
IRS990/EmployeeCnt00
IRS990/ExpenseAmt01146501
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt08000
IRS990/FeesForServicesAccountingGrp/TotalAmt08000
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt010147
IRS990/FeesForServicesLegalGrp/TotalAmt010147
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt0204500
IRS990/FeesForServicesManagementGrp/TotalAmt0204500
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt80.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt90.30
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/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/PersonNm0JOHN CRUTCHFIELD III
IRS990/Form990PartVIISectionAGrp/PersonNm1DEBBIE NASH KING
IRS990/Form990PartVIISectionAGrp/PersonNm2MAYRO JOSE SEGARRA
IRS990/Form990PartVIISectionAGrp/PersonNm3JUAN RIVERA
IRS990/Form990PartVIISectionAGrp/PersonNm4JIM FOSTER
IRS990/Form990PartVIISectionAGrp/PersonNm5PAULA LOHSE
IRS990/Form990PartVIISectionAGrp/PersonNm6CHARLIE WATTS
IRS990/Form990PartVIISectionAGrp/PersonNm7KARL GREEN
IRS990/Form990PartVIISectionAGrp/PersonNm8BOBBY HOXWORTH
IRS990/Form990PartVIISectionAGrp/PersonNm9JOHN GILMORE
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1CITY REP
IRS990/Form990PartVIISectionAGrp/TitleTxt2CITY REP
IRS990/Form990PartVIISectionAGrp/TitleTxt3CITY REP
IRS990/Form990PartVIISectionAGrp/TitleTxt4KIF REP
IRS990/Form990PartVIISectionAGrp/TitleTxt5CHAMBER REP
IRS990/Form990PartVIISectionAGrp/TitleTxt6PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt7SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt8TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt9VICE PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01990
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt010
IRS990/GovernmentGrantsAmt0386354
IRS990/GrantAmt0100000
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0100000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0100000
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01130157
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt017863
IRS990/InsuranceGrp/TotalAmt017863
IRS990/InterestGrp/ProgramServicesAmt049027
IRS990/InterestGrp/TotalAmt049027
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt034814
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt034814
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02725700
IRS990/LandBldgEquipBasisNetGrp/BOYAmt05090931
IRS990/LandBldgEquipBasisNetGrp/EOYAmt04945522
IRS990/LandBldgEquipCostOrOtherBssAmt07671222
IRS990/LegalDomicileStateCd0TX
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROMOTE ECONOMIC DEVELOPMENT IN THE COMMUNITY BY EXPANDNG EXISTING BUSINESSES AND ATTRACTING NEW BUSINESSES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0999122
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01048149
IRS990/NetAssetsOrFundBalancesBOYAmt09743282
IRS990/NetAssetsOrFundBalancesEOYAmt09726938
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0153401
IRS990/OtherAssetsTotalGrp/EOYAmt0153401
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0INCENTIVES
IRS990/OtherExpensesGrp/Desc1PROFESSIONAL FEES
IRS990/OtherExpensesGrp/Desc2REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
IRS990/OtherExpensesGrp/ProgramServicesAmt0339200
IRS990/OtherExpensesGrp/ProgramServicesAmt1126589
IRS990/OtherExpensesGrp/ProgramServicesAmt251880
IRS990/OtherExpensesGrp/ProgramServicesAmt314968
IRS990/OtherExpensesGrp/TotalAmt0339200
IRS990/OtherExpensesGrp/TotalAmt1126589
IRS990/OtherExpensesGrp/TotalAmt251880
IRS990/OtherExpensesGrp/TotalAmt314968
IRS990/OtherRevenueMiscGrp/BusinessCd0531390
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt012815
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt012815
IRS990/OtherRevenueTotalAmt012815
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01403
IRS990/PrincipalOfficerNm0JOHN CRUTCHFIELD III
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0532000
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/ExclusionAmt0696174
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0696174
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0981809
IRS990/PYGrantsAndSimilarPaidAmt0100000
IRS990/PYInvestmentIncomeAmt096177
IRS990/PYOtherExpensesAmt01326385
IRS990/PYOtherRevenueAmt016066
IRS990/PYProgramServiceRevenueAmt0617426
IRS990/PYRevenuesLessExpensesAmt0285093
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01426385
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01711478
IRS990/ReconcilationRevenueExpnssAmt0-16344
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt05147585
IRS990/SavingsAndTempCashInvstGrp/EOYAmt04982071
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt02807066
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02707379
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05514445
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01146501
IRS990ScheduleD/LandGrp/BookValueAmt02125395
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02125395
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt013061
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt018321
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt031382
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01130157
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04945522
IRS990ScheduleD/TotalExpensesPerForm990Amt01146501
IRS990ScheduleD/TotalRevenuePerForm990Amt01130157
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01130157
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01146501
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0100000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO PROVIDE MATCHING SCHOLARSHIP FUNDS GENERATED IN THE COMMUNITY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0TEXAS A&M UNIVERSITY-CENTRAL TEXAS FOUNDATION
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0200 TECHNOLOGY WAY
IRS990ScheduleI/RecipientTable/USAddress/CityNm0COLLEGE STATION
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0TX
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd077845
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NINE MEMBERS ARE APPOINTED BY THE CITY COUNCIL OF CITY OF KILLEEN. THERE ARE NINE MEMBERS THAT ARE NOMINATED AND REPRESENTING THE FOLLOWING ORGANIZATIONS: 3 FROM CITY OF KILLEEN MAYOR AND CITY COUNCIL, THREE FROM THE GREATER KILLEEN CHAMBER OF COMMERCE, AND THREE FROM THE KILLEEN INDUSTRIAL FOUNDATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AS PROVIDED IN THE AGREEMENT BETWEEN KEDC AND THE CITY OF KILLEEN, KEDC HAS THE AUTHORITY TO COMMIT AND SPEND FUNDS RECEIVED FROM THE CITY WITHOUT CITY COUNCIL APPROVAL FOR ACTIVITIES SPECIFICALLY IDENTIFIED IN THE AGREEMENT. HOWEVER, ANY ACTS OR ACTIVITIES NOT IDENTIFIED, BUT IN ACCORDANCE WITH KEDC BYLAWS, MUST BE APPROVED BY THE CITY COUNCIL PRIOR TO ANY COMMITMENT OR EXPENDITURE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS REVIEWED BY THE GREATER KILLEEN CHAMBER OF COMMERCE'S VP OF FINANCE & ADMINISTRATION PRIOR TO FILING. FORM 990 IS PREPARED FROM THE BOARD APPROVED FINANCIAL STATEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3INDIVIDUALS ARE REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICT OF INTERESTS. THESE POTENTIAL CONFLICT OF INTEREST RELATIONSHIPS ARE REVIEWED BY THE BOARD AND ADDRESSED ON AN INDIVIDUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0TX
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt09743282
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt09726938
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt010742404
IRS990/TotalAssetsEOYAmt010775502
IRS990/TotalAssetsGrp/BOYAmt010742404
IRS990/TotalAssetsGrp/EOYAmt010775502
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0386354
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01146501
IRS990/TotalFunctionalExpensesGrp/TotalAmt01146501
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0999122
IRS990/TotalLiabilitiesEOYAmt01048564
IRS990/TotalLiabilitiesGrp/BOYAmt0999122
IRS990/TotalLiabilitiesGrp/EOYAmt01048564
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt09743282
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt09726938
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01146501
IRS990/TotalProgramServiceRevenueAmt0696174
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0696174
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt047629
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01130157
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt010742404
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt010775502
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0ONE SANTA FE PLAZA
IRS990/USAddress/CityNm0KILLEEN
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd076541
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN CRUTCHFIELD III
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum02545269551
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-02-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0KILLEEN ECONOMIC DEVELOPMENT
ReturnHeader/Filer/BusinessNameControlTxt0KILL
ReturnHeader/Filer/EIN0742594957
ReturnHeader/Filer/PhoneNum02545269551
ReturnHeader/Filer/USAddress/AddressLine1Txt0ONE SANTA FE PLAZA
ReturnHeader/Filer/USAddress/CityNm0KILLEEN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd076541
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId06005EB16FA5E700FF77ABE4BAB38CCB59B244D0A
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId06005EB16FA5E700FF77ABE4BAB38CCB59B244D0A
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt067.79.250.34
ReturnHeader/FilingSecurityInformation/IPDt02018-02-13
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm007:30:32
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0742484378
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LOTT VERNON & CO PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0109 E AVE B
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0KILLEEN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd076541
ReturnHeader/PreparerPersonGrp/PhoneNum02545260571
ReturnHeader/PreparerPersonGrp/PreparationDt02018-02-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JAMES MOBLEY
ReturnHeader/ReturnTs02018-02-15T08:28:36-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-10-01
ReturnHeader/TaxPeriodEndDt02017-09-30
ReturnHeader/TaxYr02016

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
$10,775,502
Liabilities
$1,048,564
Net assets
$9,726,938
Revenue
$1,130,157
Expenses
$1,146,501
Net income
-$16,344
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$12.3$2.69$9.57$1.54$1.53$0.01
2024Detailed filing. Detailed filing data is available for this year.$13.4$3.82$9.57$1.74$1.48$0.26
2023Detailed filing. Detailed filing data is available for this year.$9.56$0.21$9.36$2.55$1.69$0.86
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.51$1.01$8.50$1.34$1.37$0.02
2021Detailed filing. Detailed filing data is available for this year.$9.82$1.30$8.52$2.12$2.65$0.53
2020Detailed filing. Detailed filing data is available for this year.$10.3$1.22$9.05$1.06$1.15$0.09
2019Detailed filing. Detailed filing data is available for this year.$10.4$1.29$9.14$1.12$1.61$0.49
2018Detailed filing. Detailed filing data is available for this year.$10.7$1.10$9.63$1.23$1.17$0.06
2017Detailed filing. Detailed filing data is available for this year.$10.8$1.05$9.73$1.13$1.15$0.02
2016Detailed filing. Detailed filing data is available for this year.$10.7$1.00$9.74$1.71$1.43$0.29
2015Detailed filing. Detailed filing data is available for this year.$10.5$1.03$9.46$1.22$1.77$0.55
2014Detailed filing. Detailed filing data is available for this year.$11.0$0.98$10.0$1.51$1.29$0.22
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.7$0.93$9.79$1.35
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.6$0.89$9.70$1.26
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.3$0.85$9.47$1.59
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.4$0.86$9.59$2.08