NonprofitsMarble Falls Economic Development Corporation

Marble Falls Economic Development Corporation

MARBLE FALLS, TX

Total revenue

$4.7M

Total expenses

$2.2M

Net assets

$22.9M

Grants received

EIN

742637990

Tax year

2023

Mission

To attract and support business and economic development in the marble falls area.

Programs

2 programs

Community leverage program - to provide matching funds to organizations that are undertaking worthwhile projects in the community. Projects that enhance our quality of place, improve the overall well-being of the city, and maximize resources will be the types of projects that attract the attention and support of the edc.in the past, the edc has provided community leverage funding to support the college to careers workforce development initiative, arts projects, and park improvements, including the hike-and-bike trail system, the expansion of the soccer fields, and more. The edc has allocated $100,000 annually for the community leverage program.the edc is the sole and final authority in determining project eligibility for funding.

Workforce development initiative - funds allocated for the workforce development initiative were matching funds through the texas workforce commission's high demand job training grant program. Through a consortium comprised of the edc, the marble falls independent school district, central texas college, and workforce network, inc., certifications were granted in plumbing, electrical, medical, and accounting trades.

Financials

FY 2023

Revenue

Contributions & grants
Program service revenue$3.7M
Investment income$967K
Other revenue$52K
Total revenue$4.7M

Expenses

Grants paid$691K
Salaries & benefits$341K
Fundraising
Other expenses$1.2M
Total expenses$2.2M
Total assets$36.6M
Net assets$22.9M

People

11 listed

NameRoleCompensation

CHRISTIAN FLETCHER

EXECUTIVE DIRECTOR

Board

$161K

40 hrs/wk

MARK MAYFIELD

VICE PRESIDENT

Board

4 hrs/wk

CHRISTINA MCDONALD CITY SECRETARY

SECRETARY

Board

4 hrs/wk

JEFF LAZENBY DIRECTOR OF FINANCE

TREASURER 4/7/21 TO PRESEN

Board

4 hrs/wk

DAVE RHODES

DIRECTOR 5/21/24 TO PRESENT

Board

2 hrs/wk

STEVE REITZ

PRESIDENT

Board

4 hrs/wk

LINDSAY PLANTE

DIRECTOR

Board

2 hrs/wk

JUDY MILLER

DIRECTOR

Board

2 hrs/wk

JOHN PACKER

DIRECTOR

Board

2 hrs/wk

RYAN NASH

DIRECTOR

Board

2 hrs/wk

DEE HADDOCK

DIRECTOR 6/6/23 TO 5/21/24

Board

2 hrs/wk

Details

EIN742637990
Subsection06
Ruling date1993-05
Formed2007
Employees0
Volunteers0
MARBLE FALLS ECONOMIC DEVELOPMENT CORPORATION — Mission, Financials & Grants Received | Grantivo