Civic Intelligence

Lampasas Economic Development Corporation

990 • Fiscal year 2022 • EIN 74-2934571

Oct 01, 2021 to Sep 30, 2022 • Filed on Jun 26, 2023

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

85th percentile

0.65x

Higher debt load relative to assets than 85% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Liabilities / Revenue

96th percentile

7.26x

Higher debt load relative to revenue than 96% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Net Margin

88th percentile

49%

Higher net margin than 88% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

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

2022 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2022

Asset Growth

94th percentile

94%

Faster asset growth than 94% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Revenue Growth

27th percentile

-9.9%

Faster revenue growth than 27% of similar nonprofits.

2022 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets85th percentile

Assets

Up

$5,287,121

Up $2,558,791 (+94%) from 2021

Net Assets

Up

$1,839,329

Up $232,167 (+14%) from 2021

Liabilities

Up

$3,447,792

Up $2,326,624 (+208%) from 2021

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin88th percentile

Revenue

Down

$474,613

Down $52,034 (-9.9%) from 2021

Expenses

Up

$241,107

Up $50,380 (+26%) from 2021

Net Income

Down

$233,506

Down $102,414 (-30%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth94th 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

2022

Assets$5,287,121
Liabilities$3,447,792
Net Assets$1,839,329
Open 2022 Filing

Operations Trend

Revenue Growth27th 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

2022

Revenue$474,613
Expenses$241,107
Net Income$233,506
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2021 to Sep 30, 2022
Signed
Jun 26, 2023
Return Version
2021v4.2
Gross Receipts
$474,613
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$1,571,716$3,289,636▲ $1,717,920
Cash and Non-Interest-Bearing Accounts$1,156,614$1,997,485▲ $840,871
Rtn Earn Endowment Incm Other Fnds$1,437,330$1,669,497▲ $232,167
Cap Stk Tr Prin Current Funds$169,832$169,832→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Total Assets$2,728,330$5,287,121▲ $2,558,791
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,117,939$2,557,881▲ $1,439,942
Accounts Payable and Accrued Expenses$339$798,425▲ $798,086
Other Liabilities$2,890$91,486▲ $88,596
Total Liabilities$1,121,168$3,447,792▲ $2,326,624
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,607,162$1,839,329▲ $232,167
Total Liabilities and Net Assets / Fund Balance$2,728,330$5,287,121▲ $2,558,791

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,744,663$17,975$1,762,638
Land$923,350-$923,350
Buildings$621,623$180,644$802,267
Compensation and Service Providers
Top Officer Pay22nd percentile

Board Members and Trustees

NameTitle
Misti TalbertPresident
Steve HudsonVice President
Bobby CarrollEx-officio County
Fin ErwinMember
Sid BallMember
T J MonroeMember
Ryan ShahanMember, Ex Officio Lisd
Roland SchaubSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$5,738
Other Revenue
$468,875
Change in Net Assets
$233,506

Audited Revenue Reconciliation

Revenue per Audited Statements
$474,613
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$474,613
Total Revenue per Form 990
$474,613
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$190,900
Grants and Similar Amounts Paid$50,207
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$78,010--$78,010
Grants to Domestic Orgs$50,207--$50,207
Interest$44,316--$44,316
Depreciation Depletion$26,742--$26,742
Advertising$9,393--$9,393
Fees for Services Legal$2,660--$2,660
Other Expenses$2,284--$2,284
All Other Expenses$2,254--$2,254
Travel$1,580--$1,580
Total Functional Expenses$241,107$0$0$241,107

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
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
Retainage Payable$87,066
Accrued Interest Payable$4,420

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. Fin erwin - 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. 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
2023-06-26
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

“PAYING AGENT FEES: Program service expenses 20,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 20,000. ENGINEERING/SURVEYING SERVICE FEES: Program service expenses 58,010. Management and general expenses 0. Fundraising expenses 0. Total expenses 58,010.”

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IRS990/PYRevenuesLessExpensesAmt0335920
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0190727
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0526647
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0233506
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0474613
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01437330
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01669497
IRS990ScheduleA/GovernmentalUnitInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0621623
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0180644
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0802267
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt00
IRS990ScheduleD/LandGrp/BookValueAmt0923350
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0923350
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01744663
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt017975
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01762638
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04420
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt187066
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED INTEREST PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1RETAINAGE PAYABLE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0474613
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03289636
IRS990ScheduleD/TotalExpensesPerForm990Amt00
IRS990ScheduleD/TotalLiabilityAmt091486
IRS990ScheduleD/TotalRevenuePerForm990Amt0474613
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0474613
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt00
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990/ScheduleJRequiredInd00
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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/TaxExemptBondsPrivateBusUseGrp/AnyLeaseArrangementsInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/AnyResearchAgreementsInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondIssMeetPrvtSecPymtTestInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ChangeInUseBondFinancedPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/MgmtContractBondFincdPropInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/OwningBondFinancedPropertyInd00
IRS990ScheduleK/TaxExemptBondsPrivateBusUseGrp/ProcsNonqualifiedBondRemdtdInd00
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. FIN ERWIN - 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. BOBBY CARROLL, - 312 E THIRD STREET, LAMPASAS, TX 76550.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PAYING AGENT FEES: Program service expenses 20,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 20,000. ENGINEERING/SURVEYING SERVICE FEES: Program service expenses 58,010. Management and general expenses 0. Fundraising expenses 0. Total expenses 58,010.
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/TotalAssetsBOYAmt02728330
IRS990/TotalAssetsEOYAmt05287121
IRS990/TotalAssetsGrp/BOYAmt02728330
IRS990/TotalAssetsGrp/EOYAmt05287121
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0241107
IRS990/TotalFunctionalExpensesGrp/TotalAmt0241107
IRS990/TotalGrossUBIAmt0468875
IRS990/TotalLiabilitiesBOYAmt01121168
IRS990/TotalLiabilitiesEOYAmt03447792
IRS990/TotalLiabilitiesGrp/BOYAmt01121168
IRS990/TotalLiabilitiesGrp/EOYAmt03447792
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01607162
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01839329
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0241107
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt05738
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0474613
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0468875
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02728330
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt05287121
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt01580
IRS990/TravelGrp/TotalAmt01580
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/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MISTI TALBERT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05125566831
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-06-26
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/ReturnTs02023-06-26T16:16:29-05:00
ReturnHeader/ReturnTypeCd0990

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,287,121
Liabilities
$3,447,792
Net assets
$1,839,329
Revenue
$474,613
Expenses
$241,107
Net income
$233,506
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