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Texas Economic Development Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 742619492 ✦ Austin, TX ✦ Designated as a 501(c)(3)

Overview

What is Texas Economic Development Corporation?

The Texas Economic Development Corporation, abbreviated as TXEDC, is a 501(c)(3) nonprofit organization based in Austin, Texas. With a mission to promote Texas as a competitive and attractive business destination, TXEDC works tirelessly to facilitate the establishment, expansion, and retention of domestic and international investments in the state. They achieve this through private contributions from businesses, organizations, and individuals who share an interest in boosting economic development and job creation in Texas. TXEDC's operations are independent and dedicated to marketing and showcasing the state as a premier location for businesses, contributing to its overall economic growth.


Official website here: www.businessintexas.com

Is Texas Economic Development Corporation legitimate?

Texas Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Texas Economic Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $1,443,849
Professional Fundraising Fees: $0
Other Salaries and Wages: $377,244

For more financial information, click here


Official website here: www.businessintexas.com

What is the mission statement of Texas Economic Development Corporation?

The Texas Economic Development Corporation, often referred to as TXEDC, serves a crucial role in promoting Texas as an attractive business destination. Funded by private contributions from businesses, organizations, and individuals, its primary objective is to facilitate the location, expansion, and retention of domestic and international business investments in the state. This nonprofit organization operates independently, dedicated to marketing and promoting Texas as a premier business location. In its efforts, TXEDC employs dynamic and competitive strategies to promote economic development and job creation in Texas.


Official website here: www.businessintexas.com

Who is the CEO of Texas Economic Development Corporation?

Christin Evans is the Vice President of Texas Economic Development Corporation. The CEO's salary of Texas Economic Development Corporation is $567,759 and their total compensation is $579,959.


Official website here: www.businessintexas.com

What is the revenue of Texas Economic Development Corporation?

Texas Economic Development Corporation's revenue in 2022 was $3,628,909.


Official website here: www.businessintexas.com

Who are the executives of Texas Economic Development Corporation and what are their salaries?

The average compensation at Texas Economic Development Corporation during 2022 was $260,156. There are 7 employees at Texas Economic Development Corporation.

Here are 16 key members and their salaries (Texas Economic Development Corporation's CEO's salary is $567,759 and their total compensation is $579,959):

    Robert Allen (President & Ceo)
  • Compensation: $567,759
  • Related: $0
  • Other: $12,200

    • Michael Chrobak (Executive Vp)
  • Compensation: $267,130
  • Related: $0
  • Other: $9,351

    • Christin Evans (Vice President)
  • Compensation: $173,250
  • Related: $0
  • Other: $5,198

    • Walter Buchholtz (Dir. Of Operations)
  • Compensation: $171,000
  • Related: $0
  • Other: $6,273

    • Sydney A Loyed (Director Of Events)
  • Compensation: $136,500
  • Related: $0
  • Other: $5,460

    • Vicki Hollub (Board Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Arun Agarwal (Bd. Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • S David Deanda (Board Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Adrian Cannady (Board Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Katie Farmer (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • L Fredrick Francis (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mauricio Gutierrez (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • George Henderson Iii (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Peter J Holt (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Eduardo Margain (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Adriana Cruz (Ex Officio)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.businessintexas.com

    Where can I find the form 990 for Texas Economic Development Corporation?

    The Texas Economic Development Corporation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.businessintexas.com

    Learn more at the official website: www.businessintexas.com

    Mission Statement of Texas Economic Development Corporation

    The Texas Economic Development Corporation, often abbreviated as TXEDC, serves as a nonprofit organization with a mission to promote and market Texas as an exceptional business location. This mission is accomplished by facilitating the establishment, expansion, and retention of both domestic and international investments within the state. TXEDC is uniquely funded through private contributions from businesses, organizations, and individuals who share an interest in the advancement of business, economic development, and job creation in Texas. In essence, the organization operates independently and dynamically, showcasing Texas as a competitive and attractive location for businesses seeking growth opportunities.

    Impact

    This information is meant to be a general summary of Texas Economic Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    The Texas Economic Development Corporation plays a vital role in promoting Texas as a premier business state and attracting domestic and international business investment. Through its efforts, the organization contributes to economic development and job creation in the state of Texas. By marketing Texas in a dynamic and competitive manner, the Texas Economic Development Corporation helps to showcase the state's many opportunities for business growth and expansion. Its impact can be seen in the continued development of Texas's economy and the creation of new job opportunities for residents.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $39,489
  • Program Service Revenue: $65,841
  • Gross Receipts: $3,628,909

    • Assets and Liabilities:
  • Total Assets: $7,644,414
  • Total Liabilities: $1,272,578
  • Net Assets: $6,371,836
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    PARTICIPATION FEES

    Revenue

    $65,841

    Organization Details

    Founding Year

    1991

    Principal Officer

    Christin Evans

    Main Address

    PO BOX 684702, AUSTIN, TX, 78768

    NTEE Category

    Code: S30 - Community improvement

    If you are a representative of Texas Economic Development Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.