NonprofitsTexas Panhandle Regional Development Corporation

Texas Panhandle Regional Development Corporation

AMARILLO, TX

Total revenue

$340K

Total expenses

$224K

Net assets

$2.6M

Grants received

EIN

751834030

Tax year

2023

Mission

This corporation is organized for the primary purpose and objective of furthering the economic development and social welfare of the state of texas, with a primary focus on armstrong, briscoe, carson, castro, childress, collingsworth, dallam, deaf smith, donley, gray, hall, hansford, hartley, hemphill, hutchinson, lipscomb, moore, ochiltree, oldham, parmer, potter, randall, roberts, sherman, swisher, and wheeler counties, and their environs by promoting and assisting the growth and development of business concerns, including small business concerns, in such area. The principal objectives of the corporation shall be to benefit the community by fostering the increased employment opportunities and expansion of business and industry for the citizens of the area. Monetary profits or other benefits to members must be merely incidental thereto. The financial program, except those permitted under title v of the small business corporation, shall not participate in any other sba.

Financials

FY 2023

Revenue

Contributions & grants
Program service revenue$206K
Investment income$135K
Other revenue
Total revenue$340K

Expenses

Grants paid
Salaries & benefits$187K
Fundraising
Other expenses$37K
Total expenses$224K
Total assets$2.9M
Net assets$2.6M

People

10 listed

NameRoleCompensation

DOUG NELSON

ADMIN DIRECT

Board

32 hrs/wk

CASEY POSEY

PRESIDENT

Board

1 hrs/wk

ROXANNE GRABBE

VICE PRESIDE

Board

1 hrs/wk

DEVIN SAVAGE

SECRETARY

Board

1 hrs/wk

JONATHAN TRAVES

TREASURER

Board

1 hrs/wk

PARESH BHAKTA

DIRECTOR

Board

1 hrs/wk

WARREN CORNELIUS

DIRECTOR

Board

1 hrs/wk

AMY FESSER

DIRECTOR

Board

1 hrs/wk

COLBY WATERS

DIRECTOR

Board

1 hrs/wk

WES WRIGHT

DIRECTOR

Board

1 hrs/wk

Independent contractors

AMARILLO EDC

MGMT SERVICES

$224K

Details

EIN751834030
Subsection04
Ruling date1982-06
Formed1982
Employees0
Volunteers18
TEXAS PANHANDLE REGIONAL DEVELOPMENT CORPORATION — Mission, Financials & Grants Received | Grantivo