Civic Intelligence

Marble Falls Economic Development

EIN 74-2637990 • 501(c)6 • Marble Falls, TX

Profile

To attract and support business and economic development in the marble falls area through strategic planning, workforce training, and marketing.

800 3rd StreetMarble Falls, TX 78654

marblefallseconomy.com

Siviq Scores

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

Liabilities / Assets

61st percentile

0.37x

Higher debt load relative to assets than 61% of similar nonprofits.

501(c)6 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

95th percentile

2.90x

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

501(c)6 • $25M-$50M nonprofits • Source year 2024

Net Margin

94th percentile

53%

Higher net margin than 94% of similar nonprofits.

501(c)6 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

51st percentile

8.1%

Faster asset growth than 51% of similar nonprofits.

501(c)6 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

29th percentile

2.0%

Faster revenue growth than 29% of similar nonprofits.

501(c)6 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Up

$36,567,573

Up $2,744,025 (+8.1%) from 2023

Liabilities

Up

$13,685,051

Up $253,153 (+1.9%) from 2023

Net Assets

Up

$22,882,522

Up $2,490,872 (+12%) from 2023

Revenue

Up

$4,711,299

Up $91,677 (+2.0%) from 2023

Expenses

Up

$2,220,426

Up $341,960 (+18%) from 2023

Net Income

Down

$2,490,873

Down $250,283 (-9.1%) from 2023

Trend Graphs

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2011: $9,510,443Liabilities 2011: $105,834Net Assets 2011: $9,404,6092011Assets 2012: $9,465,383Liabilities 2012: $12,388Net Assets 2012: $9,452,9952012Assets 2013: $9,341,240Liabilities 2013: $71,367Net Assets 2013: $9,269,8732013Assets 2014: $11,448,592Liabilities 2014: $81,814Net Assets 2014: $11,366,7782014Assets 2015: $10,210,529Liabilities 2015: $67,052Net Assets 2015: $10,143,4772015Assets 2016: $10,294,119Liabilities 2016: $89,432Net Assets 2016: $10,204,6872016Assets 2017: $16,565,060Liabilities 2017: $56,136Net Assets 2017: $16,508,9242017Assets 2018: $17,179,765Liabilities 2018: $16,256Net Assets 2018: $17,163,5092018Assets 2019: $20,188,752Liabilities 2019: $8,799,295Net Assets 2019: $11,389,4572019Assets 2020: $19,985,747Liabilities 2020: $8,162,931Net Assets 2020: $11,822,8162020Assets 2021: $20,873,582Liabilities 2021: $7,523,138Net Assets 2021: $13,350,4442021Assets 2022: $32,285,301Liabilities 2022: $14,634,807Net Assets 2022: $17,650,4942022Assets 2023: $33,823,548Liabilities 2023: $13,431,898Net Assets 2023: $20,391,6502023Assets 2024: $36,567,573Liabilities 2024: $13,685,051Net Assets 2024: $22,882,5222024

Highlighted filing

2024

Assets$36,567,573
Liabilities$13,685,051
Net Assets$22,882,522

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2011: $1,746,598Expenses 2011: $1,413,722Net Income 2011: $332,8762011Revenue 2012: $1,635,550Expenses 2012: $1,173,250Net Income 2012: $462,3002012Revenue 2013: $1,826,534Expenses 2013: $1,436,411Net Income 2013: $390,1232013Revenue 2014: $6,144,307Expenses 2014: $5,101,465Net Income 2014: $1,042,8422014Revenue 2015: $2,129,408Expenses 2015: $2,983,626Net Income 2015: -$854,2182015Revenue 2016: $2,217,494Expenses 2016: $1,850,903Net Income 2016: $366,5912016Revenue 2017: $9,206,737Expenses 2017: $3,091,174Net Income 2017: $6,115,5632017Revenue 2018: $2,497,495Expenses 2018: $2,049,813Net Income 2018: $447,6822018Revenue 2019: $2,686,008Expenses 2019: $1,499,940Net Income 2019: $1,186,0682019Revenue 2020: $2,974,936Expenses 2020: $2,541,577Net Income 2020: $433,3592020Revenue 2021: $3,625,669Expenses 2021: $2,098,041Net Income 2021: $1,527,6282021Revenue 2022: $6,358,572Expenses 2022: $2,058,522Net Income 2022: $4,300,0502022Revenue 2023: $4,619,622Expenses 2023: $1,878,466Net Income 2023: $2,741,1562023Revenue 2024: $4,711,299Expenses 2024: $2,220,426Net Income 2024: $2,490,8732024

Highlighted filing

2024

Revenue$4,711,299
Expenses$2,220,426
Net Income$2,490,873

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$36.6$13.7$22.9$4.71$2.22$2.49
2023Detailed filing. Detailed filing data is available for this year.$33.8$13.4$20.4$4.62$1.88$2.74
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$32.3$14.6$17.7$6.36$2.06$4.30
2021Detailed filing. Detailed filing data is available for this year.$20.9$7.52$13.4$3.63$2.10$1.53
2020Detailed filing. Detailed filing data is available for this year.$20.0$8.16$11.8$2.97$2.54$0.43
2019Detailed filing. Detailed filing data is available for this year.$20.2$8.80$11.4$2.69$1.50$1.19
2018Summary only. Only limited summary data is available for this year.$17.2$0.02$17.2$2.50$2.05$0.45
2017Summary only. Only limited summary data is available for this year.$16.6$0.06$16.5$9.21$3.09$6.12
2016Summary only. Only limited summary data is available for this year.$10.3$0.09$10.2$2.22$1.85$0.37
2015Summary only. Only limited summary data is available for this year.$10.2$0.07$10.1$2.13$2.98$0.85
2014Summary only. Only limited summary data is available for this year.$11.4$0.08$11.4$6.14$5.10$1.04
2013Summary only. Only limited summary data is available for this year.$9.34$0.07$9.27$1.83$1.44$0.39
2012Summary only. Only limited summary data is available for this year.$9.47$0.01$9.45$1.64$1.17$0.46
2011Summary only. Only limited summary data is available for this year.$9.51$0.11$9.40$1.75$1.41$0.33
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Aug 10, 2025
Return Version
2023v6.0
Gross Receipts
$4,711,299
Mission and Program Overview

Mission

To attract and support business and economic development in the marble falls area through strategic planning, workforce training, and marketing.

To attract and support business and economic development in the marble falls area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$21,607,603$19,553,685▼ $2,053,918
Land, Buildings, and Equipment, Net$11,078,763$13,906,532▲ $2,827,769
Inventories for Sale or Use-$2,026,503-
Accounts Receivable$608,629$660,477▲ $51,848
Other Notes and Loans Receivable, Net$528,478$420,301▼ $108,177
Prepaid Expenses and Deferred Charges$75$75→ $0
Total Assets$33,823,548$36,567,573▲ $2,744,025
Liabilities
Other Liabilities$13,375,000$13,624,219▲ $249,219
Accounts Payable and Accrued Expenses$56,898$60,832▲ $3,934
Total Liabilities$13,431,898$13,685,051▲ $253,153
Net Assets / Fund Balance
Net Assets With Donor Restrictions$20,391,650$22,882,522▲ $2,490,872
Total Net Assets Fund Balance$20,391,650$22,882,522▲ $2,490,872
Total Liabilities and Net Assets / Fund Balance$33,823,548$36,567,573▲ $2,744,025

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$4,784,018$6,318,857$11,102,875
Land$7,969,862-$7,969,862
Buildings$1,105,694$1,899,913$3,005,607
Equipment$46,958$120,461$167,419
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Christian FletcherExecutive DirectorFT$161,441$36,095$197,536

Board Members and Trustees

NameTitle
Steve ReitzPresident
Mark MayfieldVice President
John PackerDirector
Judy MillerDirector
Lindsay PlanteDirector
Ryan NashDirector
Dave RhodesDirector 5/21/24 to Present
Dee HaddockDirector 6/6/23 to 5/21/24
Christina Mcdonald City SecretarySecretary
Jeff Lazenby Director of FinanceTreasurer 4/7/21 to Presen
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,692,465
Investment Income
$967,088
Other Revenue
$51,746
Change in Net Assets
$2,490,873
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,187,601
Grants and Similar Amounts Paid$691,448
Salaries, Compensation, and Employee Benefits$341,377
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs---$676,623
Interest---$479,419
Depreciation Depletion---$396,866
Current Officers, Directors, Trustees, and Key Employees---$212,793
Occupancy---$127,279
Other Salaries and Wages---$94,957
Advertising---$59,140
Other Expenses---$47,467
Fees for Services Management---$28,206
Payroll Taxes---$19,626
Fees for Services Legal---$16,201
Grants to Domestic Individuals---$14,825
Pension Plan Contributions---$11,933
Conferences and Meetings---$9,168
Office Expenses---$8,850
Insurance---$6,023
Travel---$3,815
Fees for Services Accounting---$3,250
Other Employee Benefits---$2,068
Information Technology---$1,117
Fees for Services Other---$800
Total Functional Expenses$0$0$0$2,220,426
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Vantage VenturesMcallen, TX-Recruitment-hcc$232,821
Workforce Network IncKingsland, TX-Workforce Development$50,465
The Falls on the Colorado MuseumMarble Falls, TX-Community Leverage Grant$25,000
Oos Holdings LLCSan Antonio, TX-Community Leverage$20,000
Highland Lakes Creative ArtsHorseshoe Bay, TX-Community Leverage$14,000
Baylor Scott & White Clinic - MfMarble Falls, TX-Business Improvement Grant$10,000
Baylor Scott & White Specialty Clinic - MfMarble Falls, TX-Business Improvement Grant$10,000
Heart & Soul Integrative Health & Yoga PaMarble Falls, TX-Business Improvement Grant$10,000
Highpoint Insurance Group LLCFriendswood, TX-Business Improvement Grant$10,000
INMAN'S BBQLlano, TX-Business Improvement Grant$10,000
Lwr Family Partnership LpAustin, TX-Business Improvement Grant$10,000
Oos Holdings LLCSan Antonio, TX-Business Improvement Grant$10,000
R Cockrell Enterprises LLCMarble Falls, TX-Recruitment/retention$9,170
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Non Tax-exempt Bonds$12,625,000
City of Marble Falls Payments on 1001 Main Street$989,219
Security Deposits$10,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The form 990 is made available to the board of directors before it is signed and filed.

Form 990, Part VI, Section B, Line 15A

The city of marble falls sets the salary for the executive director. Salary surveys are used to determine compensation.

Form 990, Part VI, Section C, Line 19

The organization makes its governing document and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Marble Falls Economic Development
EIN
74-2637990
Phone
8307987075
Address
800 3RD STREET, MARBLE FALLS, TX 78654

Signing Officer

Name
Steve Reitz
Title
President
Phone
8307987075
Signed
2025-08-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steve Reitz
Formed
2007
Legal Domicile
TX
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
0

Preparer

Firm
Pattillo Brown & Hill Llp
Address
P O BOX 20725, WACO, TX 76702-0725
Preparer
Sharon M Herwald CPA
Phone
2547724901
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

ROUNDING -1.

FORM 990, PART XII, LINE 2C:

The process has not changed from the prior year.

Raw XML AppendixShowing 400 of 527 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.

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IRS990/Desc0BUSINESS IMPROVEMENT GRANT (BIG) PROGRAM - TO PROVIDE ASSISTANCE TO LOCAL BUSINESSES IN IMPROVING THEIR PROPERTIES. THE PURPOSE OF THIS PROGRAM IS TO PROMOTE THE EXPANSION AND DEVELOPMENT OF NEW AND EXISTING BUSINESS ENTERPRISES WITHIN THE CITY OF MARBLE FALLS, TEXAS, AND TO IMPROVE THE APPEARANCE AND VISUAL CHARACTER OF THE COMMUNITY. THE EDC WILL PROVIDE 10% IN MATCHING FUNDS, VIA REIMBURSEMENT, TO BUSINESSES WHO ARE SEEKING TO IMPROVE OR EXPAND THEIR COMMERCIAL PROPERTIES. THE MAXIMUM GRANT IS $10,000 PER APPLICANT, AND THE MINIMUM EXPENDITURE TO BE CONSIDERED FOR THE PROGRAM IS $5,000. THE APPLICATION PERIOD FOR THIS GRANT WILL REMAIN OPEN UNTIL FUNDING HAS BEEN EXHAUSTED; OR UNTIL THE EDC DETERMINES THAT ITS PROGRAM GOALS HAVE BEEN SATISFIED.
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IRS990/Form990PartVIISectionAGrp/PersonNm1MARK MAYFIELD
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IRS990/Form990PartVIISectionAGrp/PersonNm3JEFF LAZENBY DIRECTOR OF FINANCE
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER 4/7/21 TO PRESEN
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR 5/21/24 TO PRESENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR 6/6/23 TO 5/21/24
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10EXECUTIVE DIRECTOR
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IRS990/ProgSrvcAccomActy2Grp/Desc0COMMUNITY LEVERAGE PROGRAM - TO PROVIDE MATCHING FUNDS TO ORGANIZATIONS THAT ARE UNDERTAKING WORTHWHILE PROJECTS IN THE COMMUNITY. PROJECTS THAT ENHANCE OUR QUALITY OF PLACE, IMPROVE THE OVERALL WELL-BEING OF THE CITY, AND MAXIMIZE RESOURCES WILL BE THE TYPES OF PROJECTS THAT ATTRACT THE ATTENTION AND SUPPORT OF THE EDC.IN THE PAST, THE EDC HAS PROVIDED COMMUNITY LEVERAGE FUNDING TO SUPPORT THE COLLEGE TO CAREERS WORKFORCE DEVELOPMENT INITIATIVE, ARTS PROJECTS, AND PARK IMPROVEMENTS, INCLUDING THE HIKE-AND-BIKE TRAIL SYSTEM, THE EXPANSION OF THE SOCCER FIELDS, AND MORE. THE EDC HAS ALLOCATED $100,000 ANNUALLY FOR THE COMMUNITY LEVERAGE PROGRAM.THE EDC IS THE SOLE AND FINAL AUTHORITY IN DETERMINING PROJECT ELIGIBILITY FOR FUNDING.
IRS990/ProgSrvcAccomActy3Grp/Desc0WORKFORCE DEVELOPMENT INITIATIVE - FUNDS ALLOCATED FOR THE WORKFORCE DEVELOPMENT INITIATIVE WERE MATCHING FUNDS THROUGH THE TEXAS WORKFORCE COMMISSION'S HIGH DEMAND JOB TRAINING GRANT PROGRAM. THROUGH A CONSORTIUM COMPRISED OF THE EDC, THE MARBLE FALLS INDEPENDENT SCHOOL DISTRICT, CENTRAL TEXAS COLLEGE, AND WORKFORCE NETWORK, INC., CERTIFICATIONS WERE GRANTED IN PLUMBING, ELECTRICAL, MEDICAL, AND ACCOUNTING TRADES.
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt2SIGN REPLACEMENT
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0WORKFORCE DEVELOPMENT
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt6BUSINESS IMPROVEMENT GRANT
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt12BUSINESS IMPROVEMENT GRANT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0WORKFORCE NETWORK INC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1THE FALLS ON THE COLORADO MUSEUM
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2R COCKRELL ENTERPRISES LLC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3HIGHLAND LAKES CREATIVE ARTS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4OOS HOLDINGS LLC
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IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt7HEART & SOUL INTEGRATIVE HEALTH & YOGA PA
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt8BAYLOR SCOTT & WHITE CLINIC - MF
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt9BAYLOR SCOTT & WHITE SPECIALTY CLINIC - MF
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt10LWR FAMILY PARTNERSHIP LP
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt11INMAN'S BBQ
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt12HIGHPOINT INSURANCE GROUP LLC
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