Civic Intelligence

Lampasas Economic Development Corporation

990 • Fiscal year 2021 • EIN 74-2934571

Oct 01, 2020 to Sep 30, 2021 • Filed on Jun 27, 2022

Organization ProfileWWW.LAMPASASEDC.COM
312 E Third StreetLampasas, TX 76550

(512) 556-6831

Siviq Scores

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

Liabilities / Assets

80th percentile

0.41x

Higher debt load relative to assets than 80% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

92nd percentile

2.13x

Higher debt load relative to revenue than 92% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

92nd percentile

64%

Higher net margin than 92% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

49th percentile

9.0%

Faster asset growth than 49% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

76th percentile

48%

Faster revenue growth than 76% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets80th percentile

Assets

Up

$2,728,330

Up $225,989 (+9.0%) from 2020

Net Assets

Up

$1,607,162

Up $335,920 (+26%) from 2020

Liabilities

Down

$1,121,168

Down $109,931 (-8.9%) from 2020

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin92nd percentile

Revenue

Up

$526,647

Up $171,107 (+48%) from 2020

Expenses

Down

$190,727

Down $138,593 (-42%) from 2020

Net Income

Up

$335,920

Up $309,700 (+1181%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth49th percentile

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

$6.0M$4.0M$2.0M$0Assets 2010: $1,342,740Liabilities 2010: $800,761Net Assets 2010: $541,9792010Assets 2011: $1,349,109Liabilities 2011: $728,822Net Assets 2011: $620,2872011Assets 2012: $1,374,985Liabilities 2012: $641,727Net Assets 2012: $733,2582012Assets 2013: $1,416,800Liabilities 2013: $561,167Net Assets 2013: $855,6332013Assets 2014: $1,488,996Liabilities 2014: $481,794Net Assets 2014: $1,007,2022014Assets 2015: $2,684,415Liabilities 2015: $1,728,948Net Assets 2015: $955,4672015Assets 2016: $2,612,592Liabilities 2016: $1,633,566Net Assets 2016: $979,0262016Assets 2017: $2,604,602Liabilities 2017: $1,539,220Net Assets 2017: $1,065,3822017Assets 2018: $2,600,344Liabilities 2018: $1,444,968Net Assets 2018: $1,155,3762018Assets 2019: $2,586,355Liabilities 2019: $1,337,328Net Assets 2019: $1,249,0272019Assets 2020: $2,502,341Liabilities 2020: $1,231,099Net Assets 2020: $1,271,2422020Assets 2021: $2,728,330Liabilities 2021: $1,121,168Net Assets 2021: $1,607,1622021Assets 2022: $5,287,121Liabilities 2022: $3,447,792Net Assets 2022: $1,839,3292022Assets 2023: $4,511,159Liabilities 2023: $2,447,399Net Assets 2023: $2,063,7602023Assets 2024: $4,556,110Liabilities 2024: $2,330,635Net Assets 2024: $2,225,4752024

Highlighted filing

2021

Assets$2,728,330
Liabilities$1,121,168
Net Assets$1,607,162
Open 2021 Filing

Operations Trend

Revenue Growth76th percentile

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

$600K$400K$200K$0-$200KExpenses 2010: $127,9392010Expenses 2011: $145,8382011Revenue 2012: $230,455Expenses 2012: $117,454Net Income 2012: $113,0012012Revenue 2013: $237,235Expenses 2013: $114,860Net Income 2013: $122,3752013Revenue 2014: $253,650Expenses 2014: $207,998Net Income 2014: $45,6522014Revenue 2015: $272,476Expenses 2015: $324,210Net Income 2015: -$51,7342015Revenue 2016: $292,911Expenses 2016: $269,352Net Income 2016: $23,5592016Revenue 2017: $350,940Expenses 2017: $263,583Net Income 2017: $87,3572017Revenue 2018: $309,746Expenses 2018: $221,086Net Income 2018: $88,6602018Revenue 2019: $328,807Expenses 2019: $235,156Net Income 2019: $93,6512019Revenue 2020: $355,540Expenses 2020: $329,320Net Income 2020: $26,2202020Revenue 2021: $526,647Expenses 2021: $190,727Net Income 2021: $335,9202021Revenue 2022: $474,613Expenses 2022: $241,107Net Income 2022: $233,5062022Revenue 2023: $534,327Expenses 2023: $309,896Net Income 2023: $224,4312023Revenue 2024: $552,727Expenses 2024: $391,011Net Income 2024: $161,7162024

Highlighted filing

2021

Revenue$526,647
Expenses$190,727
Net Income$335,920
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2020 to Sep 30, 2021
Signed
Jun 27, 2022
Return Version
2020v4.2
Gross Receipts
$526,647
Mission and Program Overview

Mission

To promote economic development within the city and state in order to eliminate unemployment and underemployment and to promote and encourage employment and the public welfare of, for, and on behalf of the city.

To promote economic development within the city of lampasas.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,601,587$1,571,716▼ $29,871
Rtn Earn Endowment Incm Other Fnds$1,101,410$1,437,330▲ $335,920
Cash and Non-Interest-Bearing Accounts$900,754$1,156,614▲ $255,860
Cap Stk Tr Prin Current Funds$169,832$169,832→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Total Assets$2,502,341$2,728,330▲ $225,989
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,227,858$1,117,939▼ $109,919
Other Liabilities$3,169$2,890▼ $279
Accounts Payable and Accrued Expenses$72$339▲ $267
Total Liabilities$1,231,099$1,121,168▼ $109,931
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,271,242$1,607,162▲ $335,920
Total Liabilities and Net Assets / Fund Balance$2,502,341$2,728,330▲ $225,989

Asset Categories

AssetBook ValueDepreciationBasis
Land$923,350-$923,350
Buildings$648,366$153,901$802,267
Other Land Buildings$0$17,975$17,975
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Misti TalbertPresident
Steve HudsonVice President
David MillicanEx Officio-lisd
Bobby CarrollEx-officio-county
Neal LeavellMember
Ryan ShahanMember
Sid BallMember
T J MonroeMember
Roland SchaubSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$2,115
Other Revenue
$524,532
Change in Net Assets
$335,920

Audited Revenue Reconciliation

Revenue per Audited Statements
$526,647
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$526,647
Total Revenue per Form 990
$526,647
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$139,852
Grants and Similar Amounts Paid$50,875
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$50,875--$50,875
Interest$45,213--$45,213
Fees for Services Other$32,950--$32,950
Depreciation Depletion$29,871--$29,871
Advertising$6,712--$6,712
Other Expenses$1,681--$1,681
All Other Expenses$1,372--$1,372
Travel$962--$962
Total Functional Expenses$190,727$0$0$190,727

Audited Expense Reconciliation

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

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
City of LampasasLampasas, TX-To Provide Funding for Infrastructure Improvements for Economic Developement-
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
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Interest Payable$2,890

Bond Issues

BondIssuerIssuedIssue PricePurpose
ALampasas Economic Developement Corp2004-05-11$1,100,000Purchase of real property

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A----

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
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
No
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 board receives and reviews the form 990 at their regular meeting. The form 990 is reviewed by the executive director and city director of finance prior to mailing. A copy is provided to each member for their review prior to the next meeting where the return is formally reviewed and accepted.”

Form 990, Part VI, Section C, line 18

“The corporation has a website and also uses the city of lampasas's website to publish information to the general public.”

Form 990, Part VI, Section C, line 19

“THE CORPORATION CONDUCTS OPEN MEETINGS WHICH ALL CITIZENS MAY ATTEND. ALL DOCUMENTS PRODUCED BY THE CORPORATION ARE SUBJECT TO OPEN RECORDS AND MAY BE OBTAINED UPON REQUEST. ALL FINANCIAL STATEMENTS ARE AUDITED BY OUTSIDE CPAs AND PRESENTED IN A PUBLIC MEETING AND MADE AVAILABLE TO THE PUBLIC.”

Form 990, Part VII Contact Addresses for Officers, Directors, Etc

“Misti talbert - 312 e third street, lampasas, tx 76550. Roland schaub - 312 e third street, lampasas, tx 76550. Steve hudson - 312 e third street, lampasas, tx 76550. T j monroe - 312 e third street, lampasas, tx 76550. Neal leavell - 312 e third street, lampasas, tx 76550. Sid ball - 312 e third street, lampasas, tx 76550. Ryan shahan - 312 e third street, lampasas, tx 76550. David millican - 312 e third street, lampasas, tx 76550. Bobby carroll - 312 e third street, lampasas, tx 76550.”

Filing and Contact Details

Filer

Filer Name
Lampasas Economic Development
EIN
74-2934571
Phone
5125566831
Address
312 E THIRD STREET, LAMPASAS, TX 76550

Signing Officer

Name
Misti Talbert
Title
President
Phone
5125566831
Signed
2022-06-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Misti Talbert
Formed
1998
Legal Domicile
TX
Voting Board Members
7
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Jn Clark Enterprises Inc
Address
PO BOX 1997, LAMPASAS, TX 76550
Preparer
Jack N Clark CPA
Phone
5125560522
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

“ECONOMIC DEVELOPEMENT PROGRAMS: Program service expenses 32,950. Management and general expenses 0. Fundraising expenses 0. Total expenses 32,950.”

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IRS990/PYGrantsAndSimilarPaidAmt048337
IRS990/PYInvestmentIncomeAmt04705
IRS990/PYOtherExpensesAmt0280982
IRS990/PYOtherRevenueAmt0350835
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt026221
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0329319
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0355540
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0335920
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0526647
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01101410
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01437330
IRS990ScheduleA/GovernmentalUnitInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0648366
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0153901
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0802267
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt00
IRS990ScheduleD/LandGrp/BookValueAmt0923350
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0923350
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt017975
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt017975
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02890
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED INTEREST PAYABLE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0526647
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01571716
IRS990ScheduleD/TotalExpensesPerForm990Amt00
IRS990ScheduleD/TotalLiabilityAmt02890
IRS990ScheduleD/TotalRevenuePerForm990Amt0526647
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0526647
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt00
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO PROVIDE FUNDING FOR INFRASTRUCTURE IMPROVEMENTS FOR ECONOMIC DEVELOPEMENT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0CITY OF LAMPASAS
IRS990ScheduleI/RecipientTable/RecipientEIN0746001562
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0301 E THIRD STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0LAMPASAS
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0TX
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd076550
IRS990/ScheduleJRequiredInd00
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02004-05-11
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0742934571
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt01100000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0LAMPASAS ECONOMIC DEVELOPEMENT CORP
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0PURCHASE OF REAL PROPERTY
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD RECEIVES AND REVIEWS THE FORM 990 AT THEIR REGULAR MEETING. THE FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND CITY DIRECTOR OF FINANCE PRIOR TO MAILING. A COPY IS PROVIDED TO EACH MEMBER FOR THEIR REVIEW PRIOR TO THE NEXT MEETING WHERE THE RETURN IS FORMALLY REVIEWED AND ACCEPTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CORPORATION HAS A WEBSITE AND ALSO USES THE CITY OF LAMPASAS'S WEBSITE TO PUBLISH INFORMATION TO THE GENERAL PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CORPORATION CONDUCTS OPEN MEETINGS WHICH ALL CITIZENS MAY ATTEND. ALL DOCUMENTS PRODUCED BY THE CORPORATION ARE SUBJECT TO OPEN RECORDS AND MAY BE OBTAINED UPON REQUEST. ALL FINANCIAL STATEMENTS ARE AUDITED BY OUTSIDE CPAs AND PRESENTED IN A PUBLIC MEETING AND MADE AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MISTI TALBERT - 312 E THIRD STREET, LAMPASAS, TX 76550. ROLAND SCHAUB - 312 E THIRD STREET, LAMPASAS, TX 76550. STEVE HUDSON - 312 E THIRD STREET, LAMPASAS, TX 76550. T J MONROE - 312 E THIRD STREET, LAMPASAS, TX 76550. NEAL LEAVELL - 312 E THIRD STREET, LAMPASAS, TX 76550. SID BALL - 312 E THIRD STREET, LAMPASAS, TX 76550. RYAN SHAHAN - 312 E THIRD STREET, LAMPASAS, TX 76550. DAVID MILLICAN - 312 E THIRD STREET, LAMPASAS, TX 76550. BOBBY CARROLL - 312 E THIRD STREET, LAMPASAS, TX 76550.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ECONOMIC DEVELOPEMENT PROGRAMS: Program service expenses 32,950. Management and general expenses 0. Fundraising expenses 0. Total expenses 32,950.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VII Contact Addresses for Officers, Directors, Etc
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, line 11g
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0TX
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd01
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02502341
IRS990/TotalAssetsEOYAmt02728330
IRS990/TotalAssetsGrp/BOYAmt02502341
IRS990/TotalAssetsGrp/EOYAmt02728330
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0190727
IRS990/TotalFunctionalExpensesGrp/TotalAmt0190727
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01231099
IRS990/TotalLiabilitiesEOYAmt01121168
IRS990/TotalLiabilitiesGrp/BOYAmt01231099
IRS990/TotalLiabilitiesGrp/EOYAmt01121168
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01271242
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01607162
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0190727
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0526647
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0526647
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02502341
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02728330
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt0962
IRS990/TravelGrp/TotalAmt0962
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0301 E THIRD STREET
IRS990/USAddress/CityNm0LAMPASAS
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd076550
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0WWW.LAMPASASEDC.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MISTI TALBERT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05125566831
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-06-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LAMPASAS ECONOMIC DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0LAMP
ReturnHeader/Filer/EIN0742934571
ReturnHeader/Filer/PhoneNum05125566831
ReturnHeader/Filer/USAddress/AddressLine1Txt0312 E THIRD STREET
ReturnHeader/Filer/USAddress/CityNm0LAMPASAS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd076550
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0204107760
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JN CLARK ENTERPRISES INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 1997
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LAMPASAS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd076550
ReturnHeader/PreparerPersonGrp/PhoneNum05125560522
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JACK N CLARK CPA
ReturnHeader/ReturnTs02022-06-27T14:49:21-05:00

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,728,330
Liabilities
$1,121,168
Net assets
$1,607,162
Revenue
$526,647
Expenses
$190,727
Net income
$335,920
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.56$2.33$2.23$0.55$0.39$0.16
2023Detailed filing. Detailed filing data is available for this year.$4.51$2.45$2.06$0.53$0.31$0.22
2022Detailed filing. Detailed filing data is available for this year.$5.29$3.45$1.84$0.47$0.24$0.23
2021Detailed filing. Detailed filing data is available for this year.$2.73$1.12$1.61$0.53$0.19$0.34
2020Detailed filing. Detailed filing data is available for this year.$2.50$1.23$1.27$0.36$0.33$0.03
2019Detailed filing. Detailed filing data is available for this year.$2.59$1.34$1.25$0.33$0.24$0.09
2018Detailed filing. Detailed filing data is available for this year.$2.60$1.44$1.16$0.31$0.22$0.09
2017Detailed filing. Detailed filing data is available for this year.$2.60$1.54$1.07$0.35$0.26$0.09
2016Detailed filing. Detailed filing data is available for this year.$2.61$1.63$0.98$0.29$0.27$0.02
2015Detailed filing. Detailed filing data is available for this year.$2.68$1.73$0.96$0.27$0.32$0.05
2014Detailed filing. Detailed filing data is available for this year.$1.49$0.48$1.01$0.25$0.21$0.05
2013Summary only. Only limited summary data is available for this year.$1.42$0.56$0.86$0.24$0.11$0.12
2012Summary only. Only limited summary data is available for this year.$1.37$0.64$0.73$0.23$0.12$0.11
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.35$0.73$0.62$0.15
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.34$0.80$0.54$0.13