Form 990 for tax year 2024
Filed by ECONOMIC DEVELOPMENT ALLIANCE FOR BRAZORIA COUNTY.
Totals
- Total revenue
- $1,193,257
- Total expenses
- $821,872
- Contributions and grants received
- $1,007,533
- Grants paid
- $0
- Program service revenue
- $87,570
- Investment income
- $98,154
- Other revenue
- $0
- Total assets, end of year
- $2,794,401
- Total liabilities, end of year
- $26,650
- Net assets or fund balances, end of year
- $2,767,751
- Program services expenses (Part IX)
- $567,090
- Management and general expenses
- $254,782
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 69.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
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
$494,362
-
1f · All other contributions, gifts and grants
$513,171
-
2a · Program service revenue: Directory Ads
total $1,500 · related or exempt $1,500
-
2b · Program service revenue: Meetings
total $64,230 · related or exempt $64,230
-
2c · Program service revenue: Transportation & Infrast
total $21,840 · related or exempt $21,840
-
3 · Investment income
total $98,154 · related or exempt $98,154
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $177,098 · program services $122,198 · management and general $54,900
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $226,387 · program services $156,207 · management and general $70,180
-
8 · Pension plan contributions
total $38,118 · program services $26,301 · management and general $11,817
-
9 · Other employee benefits
total $52,473 · program services $36,206 · management and general $16,267
-
10 · Payroll taxes
total $30,706 · program services $21,187 · management and general $9,519
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $4,540 · program services $3,133 · management and general $1,407
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $1,112 · program services $767 · management and general $345
-
12 · Advertising and promotion
total $24,400 · program services $16,836 · management and general $7,564
-
13 · Office expenses
total $10,154 · program services $7,006 · management and general $3,148
-
14 · Information technology
total $29,820 · program services $20,576 · management and general $9,244
-
15 · Royalties
total $0
-
16 · Occupancy
total $34,350 · program services $23,701 · management and general $10,649
-
17 · Travel
total $20,575 · program services $14,197 · management and general $6,378
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $6,128 · program services $4,228 · management and general $1,900
-
23 · Insurance
total $0
-
24a · Other expenses: Familiarization Tour
total $51,539 · program services $35,562 · management and general $15,977
-
24b · Other expenses: Subscriptions
total $41,214 · program services $28,438 · management and general $12,776
-
24c · Other expenses: Member Meetings
total $30,615 · program services $21,124 · management and general $9,491
-
24d · Other expenses: Board/Committee Meetings
total $21,644 · program services $14,934 · management and general $6,710
-
24e · All other expenses
total $20,999 · program services $14,489 · management and general $6,510
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $750 · end of year $1,095
-
2 · Savings and temporary cash investments
beginning of year $2,405,000 · end of year $2,772,135
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$78,545
-
10b · Land, buildings and equipment: accumulated depreciation
$57,374
-
10c · Land, buildings and equipment, net
beginning of year $25,750 · end of year $21,171
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $9,952 · end of year $3,965
-
25 · Other liabilities
beginning of year $21,892 · end of year $22,685
-
27 · Net assets without donor restrictions
beginning of year $2,342,726 · end of year $2,714,112
-
28 · Net assets with donor restrictions
beginning of year $56,930 · end of year $53,639
Mission and programs · 2024
Mission
To promote and diversify the economic base, attract high-wage jobs in target industries to Brazoria County and support and champion the interests of existing businesses.
-
To promote and diversify the economic base, attract high-wage jobs in target industries to Brazoria County and support and champion the interests of existing businesses.
As filed on the 2024 return.
Listed in Part VII
-
Patti Worfe
President & CEO
- Total calculated
- $177,098
- From this org
- $177,098
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $177,098
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $177,098
-
Kenny Vernor
Vice President
- Total calculated
- $0
- Hours/week
- 1
-
Jenna Haviland
Director
- Total calculated
- $0
- Hours/week
- 1
-
Dr Robert Exley
Director
- Total calculated
- $0
- Hours/week
- 1
-
Scott Van Wagener
Director
- Total calculated
- $0
- Hours/week
- 1
-
Brad Morrison
Director
- Total calculated
- $0
- Hours/week
- 1
-
Robert Johnson
Director
- Total calculated
- $0
- Hours/week
- 1
-
LM Matt Sebesta JR
Director
- Total calculated
- $0
- Hours/week
- 1
-
Lance Goodwin
Director
- Total calculated
- $0
- Hours/week
- 1
-
Sarah Vuskov
Director
- Total calculated
- $0
- Hours/week
- 1
-
Cam Yearty
Director
- Total calculated
- $0
- Hours/week
- 1
-
Larry Janak
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mike Latimer
Director
- Total calculated
- $0
- Hours/week
- 1
-
Karina Moreno
Director
- Total calculated
- $0
- Hours/week
- 1
-
Bruce Cassidy
Director
- Total calculated
- $0
- Hours/week
- 1
-
Robina Spruill
Director
- Total calculated
- $0
- Hours/week
- 1
-
John Wright
Director
- Total calculated
- $0
- Hours/week
- 1
-
Matt Stewart
Director
- Total calculated
- $0
- Hours/week
- 1
-
Calvin Shiflet
Director
- Total calculated
- $0
- Hours/week
- 1
-
Adrian Perez
Director
- Total calculated
- $0
- Hours/week
- 1
-
Gerald Roznovsky
Director
- Total calculated
- $0
- Hours/week
- 1
-
Kim Sachtleben
Director
- Total calculated
- $0
- Hours/week
- 1
-
Laurie Kincannon
Director
- Total calculated
- $0
- Hours/week
- 1
-
Scott Blank
Director
- Total calculated
- $0
- Hours/week
- 1
-
Robby Eubanks
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jim Russ
Director
- Total calculated
- $0
- Hours/week
- 1
-
Bill Stone
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jennifer Fundora
Director
- Total calculated
- $0
- Hours/week
- 1
-
Paul Spinks
Director
- Total calculated
- $0
- Hours/week
- 1
-
Robert Trautman
Director
- Total calculated
- $0
- Hours/week
- 1
-
Denise DeLaune
Director
- Total calculated
- $0
- Hours/week
- 1
-
Stephanie Pharr
Director
- Total calculated
- $0
- Hours/week
- 1
-
John Arguello
Director
- Total calculated
- $0
- Hours/week
- 1
-
Dale Kuntz
Director
- Total calculated
- $0
- Hours/week
- 1
-
Christine Miller
Director
- Total calculated
- $0
- Hours/week
- 1
-
Todd Mass
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mark Holian
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jacob McAlister
Director
- Total calculated
- $0
- Hours/week
- 1
-
Greg Blanchard
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jason Black
Director
- Total calculated
- $0
- Hours/week
- 1
-
Rebecca Lilley
Director
- Total calculated
- $0
- Hours/week
- 1
-
Brent Bowles
Chairman
- Total calculated
- $0
- Hours/week
- 1
-
Dan Croft
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Anne Bartlett
Vice President
- Total calculated
- $0
- Hours/week
- 1
-
Rob Lowe
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Earl Shipp
Director
- Total calculated
- $0
- Hours/week
- 1
-
Josh Brian
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jim Russ
Past Chairman
- Total calculated
- $0
- Hours/week
- 0
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
None.
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.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 12 February 2026
- IRS schema version
- 2024v5.2
- Source object
- 202640439349301039
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