Civic Intelligence

Nacogdoches-Nacogdoches County Economic Development Corporation

990 • Fiscal year 2017 • EIN 75-2663780

Oct 01, 2016 to Sep 30, 2017 • Filed on Feb 03, 2018

Organization ProfileWWW.NEDCO.ORG
PO Box 635030Nacogdoches, TX 75963-5030

(936) 559-1255

Siviq Scores

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

Liabilities / Assets

53rd percentile

0.05x

Higher debt load relative to assets than 53% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

65th percentile

0.10x

Higher debt load relative to revenue than 65% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

16th percentile

-15%

Higher net margin than 16% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

80th percentile

$76,237

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 21.2% of source-year revenue.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

12th percentile

-14%

Faster asset growth than 12% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Revenue Growth

83rd percentile

40%

Faster revenue growth than 83% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets53rd percentile

Assets

Down

$747,657

Down $119,277 (-14%) from 2016

Net Assets

Down

$712,146

Down $17,664 (-2.4%) from 2016

Liabilities

Down

$35,511

Down $101,613 (-74%) from 2016

Revenue And Expenses
Liabilities / Revenue65th percentileNet Margin16th percentile

Revenue

Up

$359,606

Up $103,527 (+40%) from 2016

Expenses

Up

$412,612

Up $105,998 (+35%) from 2016

Net Income

Down

-$53,006

Down $2,471 (-4.9%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth12th percentile

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

$1.0M$500K$0Assets 2010: $949,318Liabilities 2010: $312,869Net Assets 2010: $636,4492010Assets 2011: $937,716Liabilities 2011: $272,749Net Assets 2011: $664,9672011Assets 2012: $873,324Liabilities 2012: $159,645Net Assets 2012: $713,6792012Assets 2013: $906,592Liabilities 2013: $198,820Net Assets 2013: $707,7722013Assets 2014: $975,730Liabilities 2014: $224,247Net Assets 2014: $751,4832014Assets 2015: $971,080Liabilities 2015: $190,735Net Assets 2015: $780,3452015Assets 2016: $866,934Liabilities 2016: $137,124Net Assets 2016: $729,8102016Assets 2017: $747,657Liabilities 2017: $35,511Net Assets 2017: $712,1462017Assets 2018: $873,397Liabilities 2018: $149,093Net Assets 2018: $724,3042018Assets 2019: $813,758Liabilities 2019: $75,091Net Assets 2019: $738,6672019Assets 2020: $867,043Liabilities 2020: $161,914Net Assets 2020: $705,1292020Assets 2021: $802,400Liabilities 2021: $90,399Net Assets 2021: $712,0012021Assets 2022: $802,200Liabilities 2022: $60,150Net Assets 2022: $742,0502022Assets 2023: $793,626Liabilities 2023: $27,852Net Assets 2023: $765,7742023Assets 2024: $871,290Liabilities 2024: $71,682Net Assets 2024: $799,6082024Assets 2025: $844,184Liabilities 2025: $50,171Net Assets 2025: $794,0132025

Highlighted filing

2017

Assets$747,657
Liabilities$35,511
Net Assets$712,146
Open 2017 Filing

Operations Trend

Revenue Growth83rd percentile

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

$600K$400K$200K$0-$200KRevenue 2010: $311,098Expenses 2010: $293,450Net Income 2010: $17,6482010Expenses 2011: $294,5902011Expenses 2012: $278,5982012Expenses 2013: $333,6812013Revenue 2014: $315,017Expenses 2014: $271,306Net Income 2014: $43,7112014Revenue 2015: $338,511Expenses 2015: $405,649Net Income 2015: -$67,1382015Revenue 2016: $256,079Expenses 2016: $306,614Net Income 2016: -$50,5352016Revenue 2017: $359,606Expenses 2017: $412,612Net Income 2017: -$53,0062017Revenue 2018: $387,750Expenses 2018: $375,592Net Income 2018: $12,1582018Revenue 2019: $409,256Expenses 2019: $394,893Net Income 2019: $14,3632019Revenue 2020: $414,117Expenses 2020: $447,655Net Income 2020: -$33,5382020Revenue 2021: $386,800Expenses 2021: $379,928Net Income 2021: $6,8722021Revenue 2022: $330,891Expenses 2022: $313,842Net Income 2022: $17,0492022Revenue 2023: $356,433Expenses 2023: $345,709Net Income 2023: $10,7242023Revenue 2024: $354,067Expenses 2024: $333,233Net Income 2024: $20,8342024Revenue 2025: $352,072Expenses 2025: $370,667Net Income 2025: -$18,5952025

Highlighted filing

2017

Revenue$359,606
Expenses$412,612
Net Income-$53,006
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2016 to Sep 30, 2017
Signed
Feb 3, 2018
Return Version
2016v3.0
Gross Receipts
$359,606
Mission and Program Overview

Mission

Develop an economic and industrial organization to promote, assist, stimulate, and enhance economic development in nacogdoches county, texas

Develop an economic and industrial organization to promote, assist, stimulate, and enhance economic development in nacogdoches county, texas.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$787,184$709,544▼ $77,640
Cash and Non-Interest-Bearing Accounts$75,948$26,830▼ $49,118
Pledges and Grants Receivable-$9,039-
Land, Buildings, and Equipment, Net$3,802$2,244▼ $1,558
Total Assets$866,934$747,657▼ $119,277
Liabilities
Other Liabilities$50,341$15,000▼ $35,341
Deferred Revenue$86,783$11,472▼ $75,311
Accounts Payable and Accrued Expenses-$9,039-
Total Liabilities$137,124$35,511▼ $101,613
Net Assets / Fund Balance
Unrestricted Net Assets$729,810$676,692▼ $53,118
Temporarily Rstr Net Assets-$35,454-
Total Net Assets Fund Balance$729,810$712,146▼ $17,664
Total Liabilities and Net Assets / Fund Balance$866,934$747,657▼ $119,277

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,244$7,596$9,840
Compensation and Service Providers
Top Officer Pay80th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Nancy WindhamFormer PresidentFT$76,237$76,237

Board Members and Trustees

NameTitle
Jimmy MizeChairman
Larissa PhilpotPresident/CEO
Gary StokesVice Chair
Bill ElliottExecutive Director
Bud WrightExecutive Director
David AldersExecutive Director
Francis SpruiellExecutive Director
Roger Van HornExecutive Director
Robert FloresSecretary
Ron CollinsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$49,042
Program Service Revenue
$308,000
Investment Income
$2,564
Other Revenue
$0
All Other Contributions
$5,000
Change in Net Assets
$-53,006

Audited Revenue Reconciliation

Revenue per Audited Statements
$359,606
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$359,606
Total Revenue per Form 990
$359,606
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$234,336
Salaries, Compensation, and Employee Benefits$134,234
Grants and Similar Amounts Paid$44,042
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$55,593$14,688-$70,281
Grants to Domestic Orgs$44,042--$44,042
Current Officers, Directors, Trustees, and Key Employees$30,940--$30,940
Other Employee Benefits$20,995$3,564-$24,559
All Other Expenses$11,866$362-$12,228
Office Expenses$5,792$3,300-$9,092
Payroll Taxes$7,227$1,227-$8,454
Fees for Services Accounting-$7,960-$7,960
Occupancy$6,126$1,040-$7,166
Information Technology$6,695$330-$7,025
Other Expenses$6,056$8,344-$6,056
Travel$3,404--$3,404
Insurance$487$1,290-$1,777
Depreciation Depletion$1,556--$1,556
Total Functional Expenses$370,507$42,105$0$412,612

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$412,612
Total Expenses per Audited Statements$412,612
Total Expenses per Form 990$412,612
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Texas a & M Agrilife ResearchCollege Station, TX-Agricultural Research$30,065
Stephen F Austin State UniversityNacogdoches, TX-Agricultural Research$13,977
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
Due to Tech Center$15,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
Yes
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“All employees of nedco became employees of the city of nacogdoches in april 2017. Nedco reimburses the city of nacogdoches for all payroll costs, including benefits.”

Form 990, Part VI, Section A, Line 6

“Nedco is comprised of a membership from the nacogdoches county business organizations.”

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

“Annually a nomination committee recommends a slate of officers to the membership to vote on. Membership votes to elect the required officers.”

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

“Members of nedco vote on financial affairs, project involvement, etc.”

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

“Executive director reviews tax return and reports to the executive committee.”

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

“Executive director regularly monitors procedures to follow nonprofit status with an emphasis on sarbanes oxley requirements. Director reports to the executive committee on a monthly basis.”

Form 990, Part VI, Section B, Line 15

“Financial committee meets to recommend salary and related payroll issues. Financial committee reports to executive committee.”

Form 990, Part VI, Section C, Line 19

“An annual audit is obtained, which is presented to the executive committee”

Filing and Contact Details

Filer

Filer Name
Nacogdoches Economic Development
EIN
75-2663780
Phone
9365591255
Address
PO BOX 635030, NACOGDOCHES, TX 75963-5030

Signing Officer

Name
Larissa Philpot
Title
President
Phone
9365591255
Signed
2018-02-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Larissa Philpot
Formed
1996
Legal Domicile
TX
Voting Board Members
4
Independent Board Members
4
Employees
3
Volunteers
0

Preparer

Firm
Halls Johnson Mclemore & Redfield Llp
Address
1329 N UNIVERSITY DRIVE STE A-3, NACOGDOCHES, TX 75961
Preparer
Gary Johnson
Phone
9365648186
Supplemental Narrative

Additional Explanations

Form 990, Part V, Line 13A

“TX”

Raw XML AppendixShowing 400 of 496 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/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt014688
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt055593
IRS990/OtherSalariesAndWagesGrp/TotalAmt070281
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01227
IRS990/PayrollTaxesGrp/ProgramServicesAmt07227
IRS990/PayrollTaxesGrp/TotalAmt08454
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt09039
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0LARISSA PHILPOT
IRS990/PriorPeriodAdjustmentsAmt035342
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0561499
IRS990/ProgramServiceRevenueGrp/Desc0MEMBER ASSESSMENTS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0308000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0308000
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-77004
IRS990/PYOtherExpensesAmt0124332
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0333083
IRS990/PYRevenuesLessExpensesAmt0-50535
IRS990/PYSalariesCompEmpBnftPaidAmt0182282
IRS990/PYTotalExpensesAmt0306614
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0256079
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-53006
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0308000
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0787184
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0709544
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0357042
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0333083
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0337350
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0314000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0326500
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01667975
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt02564
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt02061
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01161
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01017
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt01274
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt08077
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt02564
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt02061
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01161
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01017
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01274
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt08077
IRS990ScheduleA/InvestmentIncomeCYPct00.00480
IRS990ScheduleA/InvestmentIncomePYPct00.00450
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99520
IRS990ScheduleA/PublicSupportPY509Pct00.99550
IRS990ScheduleA/PublicSupportTotal509Amt01667975
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0357042
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0333083
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0337350
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0314000
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0326500
IRS990ScheduleA/Total509Grp/TotalAmt01667975
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0359606
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0335144
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0338511
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0315017
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0327774
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01676052
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/EquipmentGrp/BookValueAmt02244
IRS990ScheduleD/EquipmentGrp/DepreciationAmt07596
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt09840
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0412612
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt015000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO TECH CENTER
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0359606
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02244
IRS990ScheduleD/TotalExpensesPerForm990Amt0412612
IRS990ScheduleD/TotalLiabilityAmt015000
IRS990ScheduleD/TotalRevenuePerForm990Amt0359606
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0359606
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0412612
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt013977
IRS990ScheduleI/RecipientTable/CashGrantAmt130065
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0AGRICULTURAL RESEARCH
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1AGRICULTURAL RESEARCH
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0STEPHEN F AUSTIN STATE UNIVERSITY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1TEXAS A & M AGRILIFE RESEARCH
IRS990ScheduleI/RecipientTable/RecipientEIN0756002514
IRS990ScheduleI/RecipientTable/RecipientEIN1746000541
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0PO BOX 6108
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt12147 TAMU
IRS990ScheduleI/RecipientTable/USAddress/CityNm0NACOGDOCHES
IRS990ScheduleI/RecipientTable/USAddress/CityNm1COLLEGE STATION
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0TX
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1TX
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd075962
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd177843
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0BOOK
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc1BOOK
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0LARISSA PHILPOT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/CEO
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0NEDCO REIMBURSES THE CITY OF NACOGDOCHES ALL PAYROLL COSTS, INCLUDING BENEFITS. THE FOLLOWING OFFICERS (AN EMPLOYEE OF THE CITY OF NACOGDOCHES) AND THE AMOUNT OF COMPENSATION REIMBURSEMENT ARE SUMMARIZED BELOW: LARISSA PHILPOT, PRESIDENT SALARY REIMBURSEMENT PAID TO CITY OF NACOGDOCHES: $35,458
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE J, PART III
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TX
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL EMPLOYEES OF NEDCO BECAME EMPLOYEES OF THE CITY OF NACOGDOCHES IN APRIL 2017. NEDCO REIMBURSES THE CITY OF NACOGDOCHES FOR ALL PAYROLL COSTS, INCLUDING BENEFITS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NEDCO IS COMPRISED OF A MEMBERSHIP FROM THE NACOGDOCHES COUNTY BUSINESS ORGANIZATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ANNUALLY A NOMINATION COMMITTEE RECOMMENDS A SLATE OF OFFICERS TO THE MEMBERSHIP TO VOTE ON. MEMBERSHIP VOTES TO ELECT THE REQUIRED OFFICERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MEMBERS OF NEDCO VOTE ON FINANCIAL AFFAIRS, PROJECT INVOLVEMENT, ETC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5EXECUTIVE DIRECTOR REVIEWS TAX RETURN AND REPORTS TO THE EXECUTIVE COMMITTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6EXECUTIVE DIRECTOR REGULARLY MONITORS PROCEDURES TO FOLLOW NONPROFIT STATUS WITH AN EMPHASIS ON SARBANES OXLEY REQUIREMENTS. DIRECTOR REPORTS TO THE EXECUTIVE COMMITTEE ON A MONTHLY BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7FINANCIAL COMMITTEE MEETS TO RECOMMEND SALARY AND RELATED PAYROLL ISSUES. FINANCIAL COMMITTEE REPORTS TO EXECUTIVE COMMITTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8AN ANNUAL AUDIT IS OBTAINED, WHICH IS PRESENTED TO THE EXECUTIVE COMMITTEE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART V, LINE 13A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 6

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$747,657
Liabilities
$35,511
Net assets
$712,146
Revenue
$359,606
Expenses
$412,612
Net income
-$53,006
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$8.44$0.50$7.94$3.52$3.71$0.19
2024Detailed filing. Detailed filing data is available for this year.$8.71$0.72$8.00$3.54$3.33$0.21
2023Detailed filing. Detailed filing data is available for this year.$7.94$0.28$7.66$3.56$3.46$0.11
2022Detailed filing. Detailed filing data is available for this year.$8.02$0.60$7.42$3.31$3.14$0.17
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.02$0.90$7.12$3.87$3.80$0.07
2020Detailed filing. Detailed filing data is available for this year.$8.67$1.62$7.05$4.14$4.48$0.34
2019Detailed filing. Detailed filing data is available for this year.$8.14$0.75$7.39$4.09$3.95$0.14
2018Detailed filing. Detailed filing data is available for this year.$8.73$1.49$7.24$3.88$3.76$0.12
2017Detailed filing. Detailed filing data is available for this year.$7.48$0.36$7.12$3.60$4.13$0.53
2016Detailed filing. Detailed filing data is available for this year.$8.67$1.37$7.30$2.56$3.07$0.51
2015Detailed filing. Detailed filing data is available for this year.$9.71$1.91$7.80$3.39$4.06$0.67
2014Detailed filing. Detailed filing data is available for this year.$9.76$2.24$7.51$3.15$2.71$0.44
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.07$1.99$7.08$3.34
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.73$1.60$7.14$2.79
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.38$2.73$6.65$2.95
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.49$3.13$6.36$3.11$2.93$0.18