NonprofitsTexas Economic Development Corporation

Community Improvement & Capacity Building

Texas Economic Development Corporation

AUSTIN, TX

Total revenue

$3.8M

Total expenses

$4.6M

Net assets

$8.4M

Grants received

$575K

9 grants

EIN

742619492

Tax year

2024

Mission

The texas economic development corporation, txedc, was established to market and promote texas as a premier business state; and to facilitate the location, expansion, and retention of domestic and international business investment in the state. Txedc is funded through private contributions by businesses, organizations and individuals interested in the promotion of business, economic development, and job creation in the state of texas.

Financials

FY 2024

Revenue

Contributions & grants$3.5M
Program service revenue$37K
Investment income$250K
Other revenue$2K
Total revenue$3.8M

Expenses

Grants paid
Salaries & benefits$2.2M
Fundraising$468K
Other expenses$2.4M
Total expenses$4.6M
Total assets$8.8M
Net assets$8.4M

People

19 listed

NameRoleCompensation

AARON DEMERSON

PRESIDENT & CEO

Board

$521K

40 hrs/wk

DALE ROBERTSON

VICE PRESIDENT OF BUSINESS DEVELOPMENT

Board

$135K

40 hrs/wk

VALERIE SEGOVIA

VICE PRESIDENT OF INVESTOR RELATIONS

Board

$92K

40 hrs/wk

ADRIAN CANNADY

BOARD TREASURER

Board

0

ELIZABETH KILLINGER

BOARD SECRETARY

Board

0

ADRIANA CRUZ

EX-OFFICIO BOARD MEMBER

Board

0

ARUN AGARWAL

BOARD CHAIR

Board

0

EDUARDO MARGAIN

BOARD MEMBER

Board

0

GEORGE HENDERSON III

BOARD MEMBER

Board

0

KATIE FARMER

BOARD MEMBER

Board

0

L FREDRICK FRANCIS

BOARD MEMBER

Board

0

PETER J HOLT

BOARD MEMBER

Board

0

S DAVID DEANDA

BOARD VICE CHAIR

Board

0

MICHAEL CHROBAK

EXECUTIVE VP(FORMER)

Staff

$263K

40 hrs/wk

WALTER BUCHHOLTZ

DIR. OF OPERATIONS

Staff

$196K

40 hrs/wk

CHRISTIN EVANS

VICE PRESIDENT OF EXTERNAL(FORMER)

Staff

$178K

40 hrs/wk

VERONICA BEYER

DIRECTOR OF MARKETING & CO(FORMER)

Staff

$166K

40 hrs/wk

EMILY LAWLEY

DIRECTOR OF EVENTS

Staff

$112K

40 hrs/wk

BONNIE DOWNS

DIRECTOR OF COMMUNICATIONS

Staff

$110K

40 hrs/wk

Independent contractors

RAZOR RANK LLC

MARKETING SERVICES

$110K

Grants received

Showing 9 of 9

FromAmountPurposeYear
$25K
GENERAL SUPPORT
2024
$100K
UNRESTRICTED GRANT FOR
2023
$25K
EQUITY, HUMAN RIGHTS, AND ECONOMIC EMPOWERMENT
2022
$25K
EQUITY, HUMAN RIGHTS, AND ECONOMIC EMPOWERMENT
2022
$100K
CASH GRANTS TO THE GENERAL FUND
2020
$50K
For grant recipient's exempt purposes
2019
$150K
This grant is part of a $300,000 CEO Council Level commitment to support the "Go Big in Texas" Campaign.
2018
$50K
For grant recipient's exempt purposes
2018
$50K
FOR GRANT RECIPIENT'S EXEMPT PURPOSES
2017

Funded by

$575K from 6 funders · 9 grants · 2017–2024

Fidelity Investments Charitable Gift Fund

$150K · 3 grants · 2017–2019

Greater Houston Community Foundation

$150K · 1 grant · 2018

Charitable Foundation Frost F0359600

$100K · 1 grant · 2023

Tides Foundation

$50K · 2 grants · 2022

The Dallas Foundation

$25K · 1 grant · 2024

Details

EIN742619492
NTEE codeS30
Subsection03
Ruling date1993-05
Formed1991
Employees13
Volunteers0
TEXAS ECONOMIC DEVELOPMENT CORPORATION — Mission, Financials & Grants Received | Grantivo