NonprofitsHeart Of Texas Economic Development District Inc

Community Improvement & Capacity Building

Heart Of Texas Economic Development District Inc

WACO, TX

Total revenue

$432K

Total expenses

$218K

Net assets

$1.6M

Grants received

EIN

270083125

Tax year

2023

Mission

The exempt purpose of the heart of texas economic development district is to promote economic growth in the heart of texas council of governments region in the state of texas, to increase employment opportunities for the unemployed and underemployed, to assist and coordinate economic development efforts of local governments and organizations, to develop a comprehensive economic development strategy for the region, to conduct other activities supporting the region's economic development goals and objectives, and to exercise all other rights and powers granted to the corporation pursuant to the texas non-profit corporation act.

Programs

2 programs

Provision of grants - the heart of texas economic development district serves as a pass-through entity for eda grant funds.

Expenses: $111KGrants: $111K

Provision of loans - the revolving loan program is a source of funding for businesses that are unable to obtain conventional loans. Loan programs focus on small and emerging private business enterprises in rural areas and small or microenterprise business in eligible communities.

Expenses: $20K

Financials

FY 2023

Revenue

Contributions & grants$200K
Program service revenue$43K
Investment income$33K
Other revenue$156K
Total revenue$432K

Expenses

Grants paid$111K
Salaries & benefits
Fundraising
Other expenses$107K
Total expenses$218K
Total assets$2.3M
Net assets$1.6M

People

20 listed

NameRoleCompensation

CHARLES EATON

CHAIR

Board

0.5 hrs/wk

CINDY VANLANDINGHAM

VICE CHAIR

Board

0.5 hrs/wk

DAVID DAVIS

SECRETARY/TREASURER

Board

0.5 hrs/wk

RUSSELL DEVORSKY

PRESIDENT

Board

0.5 hrs/wk

DAMARIS NEELEY

DIRECTOR

Board

0.5 hrs/wk

CALVIN REUTER

DIRECTOR

Board

0.5 hrs/wk

JAY ELLIOTT

DIRECTOR

Board

0.5 hrs/wk

MATTHEW WRIGHT

DIRECTOR

Board

0.5 hrs/wk

KEVIN BENEDICT

DIRECTOR

Board

0.5 hrs/wk

LINDA GRANT

DIRECTOR

Board

0.5 hrs/wk

JUSTIN LEWIS

DIRECTOR

Board

0.5 hrs/wk

ART MANN

DIRECTOR

Board

0.5 hrs/wk

IGNACIO VAZQUEZ

DIRECTOR

Board

0.5 hrs/wk

RAY O'DOCHARTY

DIRECTOR

Board

0.5 hrs/wk

RICHARD DUNCAN

DIRECTOR

Board

0.5 hrs/wk

SCOTT FELTON

DIRECTOR

Board

0.5 hrs/wk

ROBERT HAWKINS

DIRECTOR

Board

0.5 hrs/wk

RANGY RIGGS

DIRECTOR

Board

0.5 hrs/wk

DICK VAN DYKE

DIRECTOR

Board

0.5 hrs/wk

ANDREA KOSAR

DIRECTOR

Board

0.5 hrs/wk

Details

EIN270083125
NTEE codeS20
Subsection03
Ruling date2004-09
Formed2003
Employees0
Volunteers19
HEART OF TEXAS ECONOMIC DEVELOPMENT DISTRICT INC — Mission, Financials & Grants Received | Grantivo