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Texas · Nonprofit

METROPLEX ECONOMIC DEVELOPMENT CORP

METROPLEX ECONOMIC DEVELOPMENT CORP (Texas) receives grants from 9 organizations whose IRS filings report $4,257,693 to it, the largest being Stand Together Foundation ($4,000,000). 3 of them have funded it in more than one year.

Revenue FY2024
$4.8M
Funders on record
9
Grants received
$4.3M
Net assets
$1.6M
3/9 repeat funderspeak grant-dependency 62%
01What it does

What Metroplex Economic Development Corp does

Mission

To alleviate poverty and its effects on the local community and to provide education. The organization operates as a local economic development corporation, providing funding to local businesses, job training & education, business counseling, community services, and similar activities to relieve poverty in economically depressed areas.

As stated on its FY2024 Form 990.

Programs

  1. Texas offenders re-entry initiative (tori): to aide and assist ex-offenders in transitioning back into society by providing employment training, counseling and placement services as well as transitional housing.

    $276,494 spentof which $44,000 as grants
    5% of program spending

  2. Economic development: business network, conferences, and projects that facilitate business and economic growth, job training and education, and combat community deterioration.

    $186,325 spentof which $138,600 as grants$234,790 earned by the program
    4% of program spending

  3. Good soil: project mission is to increase generational wealth and employment by supporting and nurturing under-resourced entrepreneurs.

    $4,766,321 spentof which $640,152 as grants
    91% of program spending

The 3 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $5,229,140.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($9.7M) Expenses 100 ($11M) Net assets 100 ($1.1M)2018 Revenue 26 ($2.5M) Expenses 16 ($1.7M) Net assets 169 ($1.9M)2019 Revenue 15 ($1.5M) Expenses 14 ($1.5M) Net assets 166 ($1.9M)2020 Revenue 15 ($1.5M) Expenses 11 ($1.2M) Net assets 188 ($2.2M)2021 Revenue 19 ($1.8M) Expenses 11 ($1.1M) Net assets 245 ($2.8M)2022 Revenue 9 ($850k) Expenses 12 ($1.3M) Net assets 206 ($2.4M)2023 Revenue 34 ($3.3M) Expenses 32 ($3.4M) Net assets 196 ($2.2M)2024 Revenue 49 ($4.8M) Expenses 51 ($5.4M) Net assets 141 ($1.6M)
'17'18'19'20'21'22'23'24
Revenue (49)Expenses (51)Net assets (141)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $4.6M to $1.7M (−62%).

$2.2M
$2.0M
$2.0M
$2.3M
$2.9M
$2.5M
$4.6M
$1.7M
'17'18'19'20'21'22'23'24
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2017 8% · 2018 22% · 2019 30% · 2020 34% · 2021 16% · 2022 29% · 2023 12%. Grants only. Government contracts and fees sit inside program revenue.

94% of METROPLEX ECONOMIC DEVELOPMENT CORP’s revenue is contributions — more donation-reliant than the typical peer (61% for the typical peer).

This organization
Typical peer · 4,434 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 5 of the last 8 reported years ran a deficit.

−$886k
’17
$794k
’18
−$35k
’19
$250k
’20
$652k
’21
−$442k
’22
−$119k
’23
−$634k
’24
3.0
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

'17'18'19'20'21'22'23'24
Listed44444453
Joined·+0+0+0+0+2+1+0
No longer listed·0000202
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 1 funder to 3 funders, grant income rose $5k → $2.0M.

Funder
'17
'18
'19
'20
'21
'22
'23
'24*
total
funders
1
2
2
1
1
1
3
1

1 of 9 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 0% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of METROPLEX ECONOMIC DEVELOPMENT CORP’s funders (the co-funder graph). Top 8 of 9 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

METROPLEX ECONOMIC DEVELOPMENT CORP leans on a few funders — its largest provides 94% of grant income and the top three 98%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

100% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund METROPLEX ECONOMIC DEVELOPMENT CORP.

94%
largest funder
98%
top three
~1
effective funders

Largest funder’s share by year: 2017 100% · 2018 88% · 2019 70% · 2021 100% · 2022 100% · 2023 99% — broadly stable.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

0% of METROPLEX ECONOMIC DEVELOPMENT CORP's funders are still giving 2 years after their first grant; 33% give in more than one year at all.

first grant+1y+2y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

METROPLEX ECONOMIC DEVELOPMENT CORP draws 97% of its grant income from funders outside Texas, across 3 states in all.

MO
VA
TX

In-state vs out-of-state, by year

’17
’18
’19
’21
’22
’23
Texas out of state home

Funder states come from each funder’s own filing. $15k arriving through sponsors registered in 1 state is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

METROPLEX ECONOMIC DEVELOPMENT CORP's funding base is broadening — from 1 funders to 3 as grant income climbed.

Operating margin−13% · bottom quartile
Months of reserve3.0mo · below the median
Revenue growth (annualized)−10% · bottom quartile

this organization peer median middle 50% of peers· 4,203 community improvement nonprofits $1M–$10M, FY2024

Government funding METROPLEX ECONOMIC DEVELOPMENT CORP receives

Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $331k on record.

Federal$331k
grants $331kcontracts $0
Top agencies
  • Department of Justice$331k

Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.

Organizations like METROPLEX ECONOMIC DEVELOPMENT CORP

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Texas

Meals for the Elderly Inc81%Metroplex Junior Volleyball Association81%Metroplex Aquatics81%Metropolitan Dream Center Inc80%Opportunity Center for the Homeless80%Empowerment Community Development Corporation80%Institute of Cognitive Development Inc80%McAllen Chamber of Commerce Inc79%

Nationally

South Bronx Overall Economic Development Corporation83%East Mississippi Business Development Co83%Quad Communities Development Corporation Nfp83%Metropolitan Housing Coalition Inc83%Monmouth-Ocean Development Council Inc83%Metrocommon Inc83%People Incorporated Financial Services Inc83%Metro Solutions Inc82%
05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

96% of spending goes to programs.

Program 96%Management 3%Fundraising 1%

Governance

3
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention–Board reviewed the 990✓Audited financials

Public support

85%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Part of a family of 2 related entities

  • The Potter's House of Dallas · exempt
  • Capella Park Realty Co · corp_trust

Screen this organization

A dated, signed PDF of the compliance screen for METROPLEX ECONOMIC DEVELOPMENT CORP: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds METROPLEX ECONOMIC DEVELOPMENT CORP?
METROPLEX ECONOMIC DEVELOPMENT CORP (Texas) receives grants from 9 organizations whose IRS filings report $4,257,693 to it, the largest being Stand Together Foundation ($4,000,000). 3 of them have funded it in more than one year.
How many funders does METROPLEX ECONOMIC DEVELOPMENT CORP have?
IRS filings report 9 organizations giving $4,257,693 in grants to METROPLEX ECONOMIC DEVELOPMENT CORP, 3 of which have funded it in more than one year.
Who is the largest funder of METROPLEX ECONOMIC DEVELOPMENT CORP?
Stand Together Foundation is the largest funder on record, with $4,000,000 in grants. The full list of funders is on this page.
How can an organization like METROPLEX ECONOMIC DEVELOPMENT CORP find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Texas. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 9 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing