Nonprofit screen
Screen a listTexas Economic Development Corporation
Can you give?
Listed with the IRS. Every screen came back clear.
A 501(c)(3) on Publication 78 and the IRS master file.
- IRS nonprofit listing
- No issue
- Revocation
- None
- IRS files
- Agree
- Sanctions
- No match
- IRS bulletin
- No notice
- California
- No record
- Charity type
- 509(a)(1)
$4.4Mrevenue
FY2025 · +21% in 3 yrs12staff
8 of 8years filed
’18’19’20’21’22’23’24’25
Revenue and spendingRevenueSpendingDeficit
Against similar nonprofits FY2025
Operating margin−5.9%
Months of reserve3.3mo
Revenue growth (annualized)+2.2%
Middle half of peersMedianTexas Economic Development
Where the money goes FY2025 · $4.6M spent
Programs$3.5M76%Management and general$660k14%Fundraising$452k10%990 FY2025 · Part IX line 25
Worth checking1
Deficits in 2 of the last 3 years
−$793k in FY2024 and −$259k in FY2025. Cash covers 3.3 months, under the peer median of 5.5.
990 Part I and balance sheetIn its favor1
Strong governance
11 of 11 board members independent. Conflict-of-interest and whistleblower policies, audited financial statements, board reviews the 990.
990 Part VI10funders
$175ka year, last 3 years
48%from its largest funder
Funder’17’18’19’20’21’22’23Texas Medical Center FoundationStopped after FY2018$200k$200k–Kleinheinz Family Foundation For The Arts And EducationStopped after FY2022$100k$100k$100k$50k–Costep Council for South Texas Economic ProgressNew in FY2023$250kCharitable Foundation Frost F0359600New in FY2023$100kGreater Fort Worth Real Estate CouncilOn and off$5kDonor-advised giftsDonors not disclosed$200k$200k$50k$25k
FundedThrough a donor-advised fundStopped