Civic Intelligence

Heb Economic Development Foundation Inc

990EZ • Fiscal year 2024 • EIN 75-2349404

Oct 01, 2023 to Sep 30, 2024 • Filed on Feb 12, 2025

Organization Profilewww.HEB.org/EconomicDevelopment
PO Box 969Bedford, TX 76095

(817) 283-1521

Siviq Scores

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

Liabilities / Assets

45th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2024 filings • 501(c)6 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

45th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2024 filings • 501(c)6 • <$500k nonprofits • Source year 2024

Net Margin

25th percentile

-11%

Higher net margin than 25% of similar nonprofits.

2024 filings • 501(c)6 • <$500k nonprofits • Source year 2024

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

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

2024 filings • 501(c)6 • <$500k nonprofits • Source year 2024

Asset Growth

37th percentile

-4.9%

Faster asset growth than 37% of similar nonprofits.

2024 filings • 501(c)6 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

95th percentile

99%

Faster revenue growth than 95% of similar nonprofits.

2024 filings • 501(c)6 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets45th percentile

Assets

Down

$177,399

Down $9,055 (-4.9%) from 2023

Net Assets

Down

$177,399

Down $9,055 (-4.9%) from 2023

Liabilities

Flat

$0

Flat from 2023

Revenue And Expenses
Liabilities / Revenue45th percentileNet Margin25th percentile

Revenue

Up

$81,530

Up $40,539 (+99%) from 2023

Expenses

Up

$90,585

Up $12,469 (+16%) from 2023

Net Income

Up

-$9,055

Up $28,070 (+76%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth37th percentile

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

$300K$200K$100K$0Assets 2011: $109,795Liabilities 2011: $02011Assets 2012: $108,312Liabilities 2012: $02012Assets 2013: $117,785Liabilities 2013: $02013Assets 2014: $112,690Liabilities 2014: $02014Assets 2015: $118,354Liabilities 2015: $02015Assets 2016: $117,753Liabilities 2016: $0Net Assets 2016: $117,7532016Assets 2017: $119,960Liabilities 2017: $0Net Assets 2017: $119,9602017Assets 2018: $121,593Liabilities 2018: $0Net Assets 2018: $121,5932018Assets 2019: $126,364Liabilities 2019: $0Net Assets 2019: $126,3642019Assets 2020: $165,008Liabilities 2020: $0Net Assets 2020: $165,0082020Assets 2021: $211,390Liabilities 2021: $0Net Assets 2021: $211,3902021Assets 2022: $223,579Liabilities 2022: $0Net Assets 2022: $223,5792022Assets 2023: $186,454Liabilities 2023: $0Net Assets 2023: $186,4542023Assets 2024: $177,399Liabilities 2024: $0Net Assets 2024: $177,3992024Assets 2025: $181,591Liabilities 2025: $0Net Assets 2025: $181,5912025

Highlighted filing

2024

Assets$177,399
Liabilities$0
Net Assets$177,399
Open 2024 Filing

Operations Trend

Revenue Growth95th percentile

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

$100K$50K$0-$50KRevenue 2011: $80,145Expenses 2011: $77,550Net Income 2011: $2,5952011Revenue 2012: $75,566Expenses 2012: $77,049Net Income 2012: -$1,4832012Revenue 2013: $80,063Expenses 2013: $70,590Net Income 2013: $9,4732013Revenue 2014: $75,631Expenses 2014: $80,726Net Income 2014: -$5,0952014Revenue 2015: $85,051Expenses 2015: $79,387Net Income 2015: $5,6642015Revenue 2016: $81,191Expenses 2016: $81,792Net Income 2016: -$6012016Revenue 2017: $80,042Expenses 2017: $77,835Net Income 2017: $2,2072017Revenue 2018: $80,528Expenses 2018: $78,895Net Income 2018: $1,6332018Revenue 2019: $80,252Expenses 2019: $75,481Net Income 2019: $4,7712019Revenue 2020: $80,037Expenses 2020: $41,393Net Income 2020: $38,6442020Revenue 2021: $80,036Expenses 2021: $33,654Net Income 2021: $46,3822021Revenue 2022: $80,116Expenses 2022: $67,927Net Income 2022: $12,1892022Revenue 2023: $40,991Expenses 2023: $78,116Net Income 2023: -$37,1252023Revenue 2024: $81,530Expenses 2024: $90,585Net Income 2024: -$9,0552024Revenue 2025: $80,584Expenses 2025: $76,392Net Income 2025: $4,1922025

Highlighted filing

2024

Revenue$81,530
Expenses$90,585
Net Income-$9,055
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Feb 12, 2025
Return Version
2023v6.0
Gross Receipts
$81,530
Mission and Program Overview

Mission

The mission of the heb economic development foundation is to market the cities of heb to bring in new business and retain existing businesses.

Program Services

DescriptionGrantsExpenses
Develop economic demographic resource database to allow dissemination of information and enhance the knowledge and marketability of the HEB area.$0$0
Compensation and Service Providers
Top Officer Pay74th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Linda MartinChairman-$0--
Steve FarcoTreasurer-$0--
Mary FraziorDirector-$0--
Henry WilsonDirector-$0--
Joe HarringtonDirector-$0--
Matt RomeroDirector-$0--
Loretta GetchellDirector-$0--
Clay CaruthersDirector-$0--
Brad ParkerDirector-$0--
Jimmy StathatosDirector (Partial Year)-$0--
Andrea RoyDirector (Partial Year)-$0--
Michael BoyterDirector (Partial Year)-$0--
Filing and Contact Details

Filer

Filer Name
HEB Economic Development Foundation
EIN
75-2349404
Phone
8172831521
Address
PO Box 969, Bedford, TX 76095

Signing Officer

Name
Mary Frazior
Title
Director
Phone
8172831521
Signed
2025-02-12
Discuss with paid preparer
Yes

Preparer

Firm
Bran Accounting Services LLC
Address
7901 Forest View Ct, North Richland Hills, TX 76182-7358
Preparer
Chelsea Bran CPA
Phone
6826886085
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 4 - Other Investment Income

“Description: Interest Income. Amount: 1,530.”

Form 990-EZ, Part I, Line 16 - Other Expenses

“Description: Community Information. Amount: 56,906. Description: Administration Costs. Amount: 26,800. Description: Auto, Travel, and Meetings. Amount: 4,000. Total to Form 990-EZ, line 16: 87,706.”

Raw XML Appendix164 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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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Bedford
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Linda Martin
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Henry Wilson
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4Joe Harrington
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5Matt Romero
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm8Brad Parker
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm9Jimmy Stathatos
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm10Andrea Roy
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm11Michael Boyter
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Chairman
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt8Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt9Director (partial year)
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt10Director (partial year)
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt11Director (partial year)
IRS990EZ/OperateHospitalInd00
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IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt087706
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0The mission of the HEB Economic Development Foundation is to market the cities of HEB to bring in new business and retain existing businesses.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Develop economic demographic resource database to allow dissemination of information and enhance the knowledge and marketability of the HEB area.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt00
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IRS990EZ/TotalExpensesAmt090585
IRS990EZ/TotalRevenueAmt081530
IRS990EZ/TypeOfOrganizationOtherInd0X
IRS990EZ/WebsiteAddressTxt0www.HEB.org/EconomicDevelopment
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description: Interest Income. Amount: 1,530.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description: Community Information. Amount: 56,906. Description: Administration Costs. Amount: 26,800. Description: Auto, Travel, and Meetings. Amount: 4,000. Total to Form 990-EZ, line 16: 87,706.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 4 - Other Investment Income
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 16 - Other Expenses
TransferPrsnlBnftContractsDecl/DeclarationDesc0The organization did not, during the year, receive any funds, directly,or indirectly, to pay premiums on a personal benefit contract.The organization, did not, during the year, pay any premiums, directly,or indirectly, on a personal benefit contract.
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Mary Frazior
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Director
ReturnHeader/BusinessOfficerGrp/PhoneNum08172831521
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-02-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HEB Economic Development Foundation
ReturnHeader/Filer/BusinessNameControlTxt0HEBE
ReturnHeader/Filer/EIN0752349404
ReturnHeader/Filer/PhoneNum08172831521
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO Box 969
ReturnHeader/Filer/USAddress/CityNm0Bedford
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd076095
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0824211181
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Bran Accounting Services LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07901 Forest View Ct
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0North Richland Hills
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0761827358
ReturnHeader/PreparerPersonGrp/PhoneNum06826886085
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Chelsea Bran CPA
ReturnHeader/ReturnTs02025-02-12T14:28:57-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-10-01
ReturnHeader/TaxPeriodEndDt02024-09-30
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$177,399
Liabilities
$0
Net assets
$177,399
Revenue
$81,530
Expenses
$90,585
Net income
-$9,055
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.82$0.00$1.82$0.81$0.76$0.04
2024Detailed filing. Detailed filing data is available for this year.$1.77$0.00$1.77$0.82$0.91$0.09
2023Detailed filing. Detailed filing data is available for this year.$1.86$0.00$1.86$0.41$0.78$0.37
2022Detailed filing. Detailed filing data is available for this year.$2.24$0.00$2.24$0.80$0.68$0.12
2021Detailed filing. Detailed filing data is available for this year.$2.11$0.00$2.11$0.80$0.34$0.46
2020Detailed filing. Detailed filing data is available for this year.$1.65$0.00$1.65$0.80$0.41$0.39
2019Detailed filing. Detailed filing data is available for this year.$1.26$0.00$1.26$0.80$0.75$0.05
2018Detailed filing. Detailed filing data is available for this year.$1.22$0.00$1.22$0.81$0.79$0.02
2017Detailed filing. Detailed filing data is available for this year.$1.20$0.00$1.20$0.80$0.78$0.02
2016Detailed filing. Detailed filing data is available for this year.$1.18$0.00$1.18$0.81$0.82$0.01
2015Summary only. Only limited summary data is available for this year.$1.18$0.00$0.85$0.79$0.06
2014Summary only. Only limited summary data is available for this year.$1.13$0.00$0.76$0.81$0.05
2013Summary only. Only limited summary data is available for this year.$1.18$0.00$0.80$0.71$0.09
2012Summary only. Only limited summary data is available for this year.$1.08$0.00$0.76$0.77$0.01
2011Summary only. Only limited summary data is available for this year.$1.10$0.00$0.80$0.78$0.03