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Nonprofiteer
← NORTH EAST TEXAS ECONOMIC DEVELOPMENT DISTRICT INC

Form 990 for tax year 2023

Filed by NORTH EAST TEXAS ECONOMIC DEVELOPMENT DISTRICT INC.

Totals

Total revenue
$389,637
Total expenses
$327,713
Contributions and grants received
$211,838
Grants paid
$0
Program service revenue
$161,344
Investment income
$16,455
Other revenue
$0
Total assets, end of year
$5,558,124
Total liabilities, end of year
$6,230
Net assets or fund balances, end of year
$5,551,894
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$327,713

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.

  • 1e · Government grants (contributions)

    $191,114

  • 1f · All other contributions, gifts and grants

    $20,724

  • 2a · Program service revenue: LOAN INTEREST REVENUE

    total $161,344 · related or exempt $161,344

  • 3 · Investment income

    total $16,455 · excluded $16,455

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $111,323

  • 9 · Other employee benefits

    total $57,153

  • 11c · Fees: accounting

    total $700

  • 11g · Fees: other

    total $28,878

  • 12 · Advertising and promotion

    total $472

  • 13 · Office expenses

    total $31,673

  • 17 · Travel

    total $19,024

  • 19 · Conferences, conventions and meetings

    total $24,510

  • 24a · Other expenses: INDIRECT COST ALLOCATIO

    total $51,030

  • 24b · Other expenses: UNDERWRITING

    total $2,950

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $570,933 · end of year $1,124,923

  • 3 · Pledges and grants receivable

    beginning of year $312,402 · end of year $202,047

  • 7 · Other notes and loans receivable

    beginning of year $4,605,174 · end of year $4,227,328

  • 15 · Other assets

    beginning of year $3,826 · end of year $3,826

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,365 · end of year $6,230

  • 27 · Net assets without donor restrictions

    beginning of year $5,489,970 · end of year $5,551,894

Mission and programs · 2023

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 $327,713

As filed on the 2023 return.

Listed in Part VII

  • BOBBY HOWELL

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • SCOTT NORTON

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • TRAVIS RANSOM

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • SCOTT LEE

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • DOUG REEDER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BRANDON BELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROBERT NEWSOM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TANNER CRUTCHER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROBERT BRIDGES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KENT COOPER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ANN RUSHING

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOHN SELLERS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARC REITER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • STAN WYATT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHRISTOPHER BROWN UNTIL 9823

    EXECUTIVE DIRECTOR

    Total calculated
    $115,981
    From this org
    $0
    From related orgs
    $103,282
    Other
    $12,699
    Hours/week
    40

  • MARY BETH RUDEL

    EXECUTIVE DIRECTOR

    Total calculated
    $114,635
    From this org
    $0
    From related orgs
    $101,715
    Other
    $12,920
    Hours/week
    40

  • MELINDA TICKLE

    FINANCE DIRECTOR

    Total calculated
    $91,842
    From this org
    $0
    From related orgs
    $79,850
    Other
    $11,992
    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.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
11 August 2025
IRS schema version
2023v6.0
Source object
202512249349300336

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