Form 990 for tax year 2024
Filed by NORTH EAST TEXAS ECONOMIC DEVELOPMENT DISTRICT INC.
Totals
- Total revenue
- $418,180
- Total expenses
- $340,856
- Contributions and grants received
- $254,793
- Grants paid
- $0
- Program service revenue
- $143,263
- Investment income
- $20,124
- Other revenue
- $0
- Total assets, end of year
- $5,654,948
- Total liabilities, end of year
- $25,730
- Net assets or fund balances, end of year
- $5,629,218
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- $340,856
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1b · Membership dues
$2,510
-
1e · Government grants (contributions)
$174,265
-
1f · All other contributions, gifts and grants
$78,018
-
2a · Program service revenue: LOAN INTEREST REVENUE
total $143,263 · related or exempt $143,263
-
3 · Investment income
total $20,124 · excluded $20,124
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $99,604
-
9 · Other employee benefits
total $53,076
-
11c · Fees: accounting
total $750
-
11g · Fees: other
total $1,611
-
13 · Office expenses
total $31,175
-
14 · Information technology
total $1,858
-
16 · Occupancy
total $2,397
-
17 · Travel
total $13,424
-
19 · Conferences, conventions and meetings
total $101,054
-
24a · Other expenses: INDIRECT COST ALLOCATIO
total $32,997
-
24b · Other expenses: UNDERWRITING
total $1,625
-
24c · Other expenses: MISCELLANEOUS
total $1,285
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,124,923 · end of year $1,543,636
-
3 · Pledges and grants receivable
beginning of year $202,047 · end of year $227,279
-
7 · Other notes and loans receivable
beginning of year $4,227,328 · end of year $3,880,207
-
15 · Other assets
beginning of year $3,826 · end of year $3,826
-
17 · Accounts payable and accrued expenses
beginning of year $6,230 · end of year $25,730
-
27 · Net assets without donor restrictions
beginning of year $5,551,894 · end of year $5,629,218
Mission and programs · 2024
Mission
TO PREPARE, DEVELOP, AND ADMINISTER A PROGRAM FOR PLANNING AND DEVELOPMENT IN ORDER TO IMPROVE ECONOMIC CONDITIONS IN THE DISTRICT WITH RESPECT TO UNEMPLOYMENT, UNDER-EMPLOYMENT, AND DISTRESSED ECONOMIC CONDITIONS.
-
TO ASSIST IN THE DEVELOPMENT OF BUSINESSES AND ECONOMIC GROWTH IN THE RURAL AREAS OF NORTH EAST TEXAS THROUGH THE PROVISION OF REVOLVING LOAN FUNDS MANAGED BY THE ARK-TEX COUNCIL OF GOVERNMENTS. THE ORGANIZATION PROVIDES ECONOMIC PLANNING ACTIVITIES AND TECHNICAL ASSISTANCE, PREPARES THE COMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGY (CEDS) AND WORKS WITH COMMUNITIES ON EDA PUBLIC WORKS AND DEVELOPMENT FACILITIES PROGRAMS.
Expenses $340,856
As filed on the 2024 return.
Listed in Part VII
-
Bobby HowellBOBBY HOWELL
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Scott NortonSCOTT NORTON
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Travis RansomTRAVIS RANSOM
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Scott LeeSCOTT LEE
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Doug ReederDOUG REEDER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brandon BellBRANDON BELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Robert NewsomROBERT NEWSOM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tanner CrutcherTANNER CRUTCHER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Robert BridgesROBERT BRIDGES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kent CooperKENT COOPER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ann RushingANN RUSHING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Marc ReiterMARC REITER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Stan WyattSTAN WYATT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mary Beth RudelMARY BETH RUDEL
EXECUTIVE DIRECTOR
- Total calculated
- $155,091
- From this org
- $0
- From related orgs
- $140,789
- Other
- $14,302
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $0 + $140,789 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $14,302 related
- Filer's total
- $0 + $155,091 related
-
Laura CowlingLAURA COWLING
FINANCE DIRCTOR
- Total calculated
- $0
- Hours/week
- 40
-
Melinda TickleMELINDA TICKLE
FINANCE MANAGER
- Total calculated
- $107,616
- From this org
- $0
- From related orgs
- $95,140
- Other
- $12,476
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
ARK-TEX COUNCIL OF GOVERNMENTS
501(C)(3) · ASSOCIATION OF LOCAL GOVERNMENTAL UNITS · TX
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 14 July 2026
- IRS schema version
- 2024v5.5
- Source object
- 202612029349300516
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