NonprofitsKerrville Economic Development Corporation

Community Improvement & Capacity Building

Kerrville Economic Development Corporation

KERRVILLE, TX

Total revenue

$557K

Total expenses

$502K

Net assets

$17K

Grants received

EIN

300644332

Tax year

2023

Mission

The purpose of kedc is to be a leader in economic development for kerrville, texas by facilitating meaningful activities that promote growth, retention, and prosperity. Particular attention and emphasis shall be given to support the economic, commercial, tourism, agriculture, recreational, quality of life, health care, cultural, industrial, research, and educational interests of the city that directly broadens the tax base.

Programs

2 programs

Kerredc led several high-profile recruitment and capital investment initiatives, including project nexus ($10m potential investment), megaacrete (advanced materials manufacturing with international investor interest), and participation in trade missions (monterrey, sweden, and rural air mobility collaborations). Recruitment activities connected executives with kerr county properties, workforce data, and incentive tools, positioning kerrville for long-term growth.

Expenses: $140K

Kerredc advanced local workforce and quality-of-life infrastructure to strengthen the business environment including:childcare summit planning and childcare facilty exploration.hosting the texas venture fest.ongoing collaborations with local schools, universities, and workforce boards to align training programs to address workforce participation barriers and promote kerrville as a competitive and livable community.

Expenses: $120K

Financials

FY 2023

Revenue

Contributions & grants$550K
Program service revenue$7K
Investment income
Other revenue
Total revenue$557K

Expenses

Grants paid
Salaries & benefits$303K
Fundraising
Other expenses$199K
Total expenses$502K
Total assets$190K
Net assets$17K

People

11 listed

NameRoleCompensation

DALTON RICE

PRESIDENT

Board

3 hrs/wk

JONATHAN LETZ

VICE PRESIDENT

Board

3 hrs/wk

JULIE DAVIS

BOARD MEMBER

Board

1 hrs/wk

MIKE WITTLER

TREASURER

Board

3 hrs/wk

BRETT RINGO

BOARD MEMBER

Board

1 hrs/wk

ROB KELLY

BOARD MEMBER

Board

1 hrs/wk

JOE HERRING

BOARD MEMBER

Board

1 hrs/wk

TODD BOCK

BOARD MEMBER

Board

1 hrs/wk

GREG APPEL

BOARD MEMBER

Board

1 hrs/wk

MINDY CURRAN

BOARD MEMBER

Board

1 hrs/wk

CHARLIE L MCILVAIN

BOARD MEMBER

Board

1 hrs/wk

Details

EIN300644332
NTEE codeS41
Subsection06
Ruling date2015-05
Formed2009
Employees2
Volunteers11
KERRVILLE ECONOMIC DEVELOPMENT CORPORATION — Mission, Financials & Grants Received | Grantivo