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← FORT HOOD REGION ECONOMIC DEVELOPMENT FOUNDATION

Form 990 for tax year 2023

Filed by FORT HOOD REGION ECONOMIC DEVELOPMENT FOUNDATION.

Totals

Total revenue
$179,277
Total expenses
$179,770
Contributions and grants received
$36,530
Grants paid
$0
Program service revenue
$142,708
Investment income
$39
Other revenue
$0
Total assets, end of year
$233,243
Total liabilities, end of year
$175,277
Net assets or fund balances, end of year
$57,966
Program services expenses (Part IX)
$179,770
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$179,770

Program services were 100.0% 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.

  • 1f · All other contributions, gifts and grants

    $36,530

  • 2a · Program service revenue: MEMBERSHIP ACTIVITY

    total $142,708 · related or exempt $142,708

  • 3 · Investment income

    total $39 · related or exempt $39

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $2,752 · program services $2,752

  • 21 · Payments to affiliates

    total $175,000 · program services $175,000

  • 22 · Depreciation, depletion and amortization

    total $359 · program services $359

  • 23 · Insurance

    total $1,086 · program services $1,086

  • 24a · Other expenses: QUICKBOOKS FEES

    total $549 · program services $549

  • 24b · Other expenses: BANK FEES

    total $24 · program services $24

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $122,474 · end of year $211,443

  • 4 · Accounts receivable

    beginning of year $3,951 · end of year $20,334

  • 9 · Prepaid expenses and deferred charges

    beginning of year $420 · end of year $420

  • 10a · Land, buildings and equipment: cost or other basis

    $1,794

  • 10b · Land, buildings and equipment: accumulated depreciation

    $748

  • 10c · Land, buildings and equipment, net

    beginning of year $1,405 · end of year $1,046

  • 17 · Accounts payable and accrued expenses

    beginning of year $69,011 · end of year $175,277

  • 25 · Other liabilities

    beginning of year $780

  • 27 · Net assets without donor restrictions

    beginning of year $58,459 · end of year $57,966

Mission and programs · 2023

Mission

TO PROVIDE VISION, LEADERSHIP, AND SUPPORT TO EDUCATIONAL, COMMUNITY AND BUSINESS LEADERS TO CREATE ECONOMIC PROSPERITY

Activities or mission (Part I)

TO PROVIDE VISION, LEADERSHIP, AND SUPPORT TO EDUCATIONAL, COMMUNITY AND BUSINESS LEADERS TO CREATE ECONOMIC PROSPERITY THROUGH EFFECTIVE COLLABORATION.

  • FORT HOOD REGION ECONOMIC DEVELOPMENT PERFORMED STUDY AND ANALYSIS OF THE KILLEEN AREA FOR THE NEEDS OF COMMUNITY AND BUSINESSES TO FURTHER ECONOMIC GROWTH.

    Expenses $179,770

As filed on the 2023 return.

Listed in Part VII

  • Matt Yowell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Abdul Subhani

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Sandra Skinner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Amy Millsap

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Michael Linnemann

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Bobby Hoxworth

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5
  • Bill Kliewer

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.5
  • Perry Cloud

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Russell Porter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Mark Price

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Jay Walker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Tyrone McLaurin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5
  • Brad Buckley

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.5
  • John Crutchfield III

    PRESIDENT & CEO

    Total calculated
    $0
    Hours/week
    5

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.

Provenance

Return type
form_990
Tax year
2023
Filed
15 August 2025
IRS schema version
2023v6.0
Source object
202542279349301629

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