NonprofitsCarthage Economic Development Corporation

Carthage Economic Development Corporation

CARTHAGE, TX

Total revenue

$892K

Total expenses

$317K

Net assets

$4.2M

Grants received

EIN

752488443

Tax year

2023

Mission

To benefit and accomplish public purposes for the city of carthage, texas by promoting, assisting and enhancing economic development activities for the city as provided by the state of texas development corporation act of 1979, local government code, chapter 504.

Programs

1 program

In partnership with the carthage improvement corporation, the organization funded a plan to recruit commercial businesses that will create primary jobs in and around the city of carthage. They also partnered with them to recruit retail businesses to the city. These recruitment efforts are anticipated to create additional jobs which will increase sales tax and property tax within the city.

Expenses: $124K

Financials

FY 2023

Revenue

Contributions & grants
Program service revenue
Investment income$74K
Other revenue$818K
Total revenue$892K

Expenses

Grants paid
Salaries & benefits$133K
Fundraising
Other expenses$184K
Total expenses$317K
Total assets$4.2M
Net assets$4.2M

People

7 listed

NameRoleCompensation

TERESA DENNARD

RECORDING SE

Board

$67K

40 hrs/wk

STEPHEN K WILLIAMS

PRESIDENT

Board

$39K

4 hrs/wk

JOHN COOKE

DIRECTOR

Board

0

JERRY HANSZEN

SECRETARY/TR

Board

0

OLIN JOFFRION

CHAIRMAN

Board

0

ISHA BROWN

DIRECTOR

Board

0

TATE BARBER

DIRECTOR

Board

0

Details

EIN752488443
Subsection03
Ruling date1994-02
Formed1992
Employees2
CARTHAGE ECONOMIC DEVELOPMENT CORPORATION — Mission, Financials & Grants Received | Grantivo