Form 990 for tax year 2024
Filed by GREATER AUSTIN ECONOMIC DEVELOPMENT CORPORATION.
Totals
- Total revenue
- $5,878,253
- Total expenses
- $6,325,250
- Contributions and grants received
- $633,731
- Grants paid
- $0
- Program service revenue
- $5,190,129
- Investment income
- $123,989
- Other revenue
- -$69,596
- Total assets, end of year
- $2,854,813
- Total liabilities, end of year
- $559,137
- Net assets or fund balances, end of year
- $2,295,676
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
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.
-
1c · Fundraising events
$145,957
-
1e · Government grants (contributions)
$360,931
-
1f · All other contributions, gifts and grants
$126,843
-
1g · Noncash contributions included above
$34,095
-
2a · Program service revenue: MEMBERSHIP DUES & ASSE
total $5,190,129 · related or exempt $5,190,129
-
3 · Investment income
total $123,989 · excluded $123,989
-
8a · Fundraising events: gross income
$0
-
8a · Fundraising events: contributions included on line 1c
$145,957
-
8b · Fundraising events: direct expenses
$80,884
-
8c · Net income from fundraising events
total -$80,884 · excluded -$80,884
-
11a · Other revenue: OTHER INCOME
total $11,288 · related or exempt $11,288
-
11e · Other revenue, total
$11,288
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $387,914
-
7 · Other salaries and wages
total $2,419,213
-
8 · Pension plan contributions
total $109,969
-
9 · Other employee benefits
total $146,684
-
10 · Payroll taxes
total $191,007
-
11b · Fees: legal
total $19,252
-
11c · Fees: accounting
total $253,329
-
11g · Fees: other
total $587,137
-
12 · Advertising and promotion
total $477,233
-
13 · Office expenses
total $61,203
-
14 · Information technology
total $166,521
-
16 · Occupancy
total $246,513
-
17 · Travel
total $392,546
-
19 · Conferences, conventions and meetings
total $96,544
-
22 · Depreciation, depletion and amortization
total $23,862
-
23 · Insurance
total $24,094
-
24a · Other expenses: RESEARCH AND POLICY STU
total $377,000
-
24b · Other expenses: DUES & SUBSCRIPTION
total $166,717
-
24c · Other expenses: BAD DEBT EXPENSE
total $144,417
-
24d · Other expenses: IN-KIND EXPENSES
total $34,095
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $137,194 · end of year $227,945
-
2 · Savings and temporary cash investments
beginning of year $2,749,542 · end of year $1,777,720
-
4 · Accounts receivable
beginning of year $124,418 · end of year $544,828
-
9 · Prepaid expenses and deferred charges
beginning of year $216,321 · end of year $224,497
-
10a · Land, buildings and equipment: cost or other basis
$88,233
-
10b · Land, buildings and equipment: accumulated depreciation
$30,925
-
10c · Land, buildings and equipment, net
beginning of year $79,622 · end of year $57,308
-
15 · Other assets
beginning of year $22,515 · end of year $22,515
-
17 · Accounts payable and accrued expenses
beginning of year $586,939 · end of year $298,137
-
19 · Deferred revenue
end of year $261,000
-
27 · Net assets without donor restrictions
beginning of year $2,452,535 · end of year $2,005,538
-
28 · Net assets with donor restrictions
beginning of year $290,138 · end of year $290,138
Mission and programs · 2024
Mission
OPPORTUNITY AUSTIN IS A REGIONAL ECONOMIC DEVELOPMENT INITIATIVE AIMED AT FOSTERING JOB-CREATING INVESTMENT ACROSS THE AUSTIN AND CENTRAL TEXAS REGION.
-
OPPORTUNITY AUSTIN INVESTS IN A PORTFOLIO OF INITIATIVES THAT SUPPORT JOB CREATION, EMPLOYABILITY, AND ECONOMIC OPPORTUNITIES FOR ALL. IT SERVES AS A CATALYST IN THE IDENTIFICATION, EVALUATION, AND PURSUIT OF OPPORTUNITIES THAT PROMOTE AND SUPPORT:(1) AN ECONOMY THAT IS INCLUSIVE AND INNOVATIVE,(2) A WORKFORCE THAT IS EDUCATED AND EMPLOYED, AND(3) COMMUNITIES THAT ARE AFFORDABLE AND ACCESSIBLE.
As filed on the 2024 return.
Listed in Part VII
-
Gary FarmerGARY FARMER
CHAIR
- Total calculated
- $0
- Hours/week
- 15 + 1 related
-
Casey DobsonCASEY DOBSON
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
James DyessJAMES DYESS
TREASURER
- Total calculated
- $0
- Hours/week
- 10 + 1 related
-
Matthew DowMATTHEW DOW
GENERAL COUNSEL/ASST. SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Andy BrockANDY BROCK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Buck CodyBUCK CODY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tim CrowleyTIM CROWLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Laura GottesmanLAURA GOTTESMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tim HendricksTIM HENDRICKS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Eric MarcellaERIC MARCELLA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
C Brian CassidyC BRIAN CASSIDY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Steven GonzalezSTEVEN GONZALEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Seth JohnstonSETH JOHNSTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
David KnollDAVID KNOLL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bart MatheneyBART MATHENEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bill ReddBILL REDD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jody RudmanJODY RUDMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rudy GarzaRUDY GARZA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dana Harris PateDANA HARRIS PATE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Chuck LipscombCHUCK LIPSCOMB
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jeff NydeggerJEFF NYDEGGER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kyle ParksKYLE PARKS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Stephanie PerrymanSTEPHANIE PERRYMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Todd WallaceTODD WALLACE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ellen WoodELLEN WOOD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ed LatsonED LATSON
PRESIDENT, SECRETARY & CEO
- Total calculated
- $387,914
- From this org
- $363,762
- From related orgs
- $0
- Other
- $24,152
- Hours/week
- 40 + 1 related
Schedule J breakdown matched by us
- Base
- $323,137
- Bonus
- $40,625
- Other
- $0
- Deferred
- $16,623
- Nontaxable benefits
- $7,529
- Filer's total
- $387,914
-
Stacy AlmgrenSTACY ALMGREN
SENIOR VICE PRESIDENT
- Total calculated
- $223,645
- From this org
- $207,006
- From related orgs
- $0
- Other
- $16,639
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $178,387
- Bonus
- $28,619
- Other
- $0
- Deferred
- $10,162
- Nontaxable benefits
- $6,477
- Filer's total
- $223,645
-
Charisse BodischCHARISSE BODISCH
SENIOR VICE PRESIDENT
- Total calculated
- $325,895
- From this org
- $304,991
- From related orgs
- $0
- Other
- $20,904
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $256,028
- Bonus
- $48,963
- Other
- $0
- Deferred
- $14,760
- Nontaxable benefits
- $6,144
- Filer's total
- $325,895
-
Robert FarleyROBERT FARLEY
VP OF ECONOMIC DEVELOPMENT
- Total calculated
- $180,408
- From this org
- $164,904
- From related orgs
- $0
- Other
- $15,504
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $152,074
- Bonus
- $12,830
- Other
- $0
- Deferred
- $8,268
- Nontaxable benefits
- $7,236
- Filer's total
- $180,408
-
Roland PenaROLAND PENA
SVP OF GLOBAL TECH & INNOVATION
- Total calculated
- $210,739
- From this org
- $190,177
- From related orgs
- $0
- Other
- $20,562
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $158,707
- Bonus
- $31,470
- Other
- $0
- Deferred
- $9,486
- Nontaxable benefits
- $11,076
- Filer's total
- $210,739
-
Beverly KerrBEVERLY KERR
VICE PRESIDENT, RESEARCH
- Total calculated
- $171,927
- From this org
- $157,777
- From related orgs
- $0
- Other
- $14,150
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $137,187
- Bonus
- $20,590
- Other
- $0
- Deferred
- $7,739
- Nontaxable benefits
- $6,411
- Filer's total
- $171,927
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 · 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.
-
QUALITY OF LIFE FOUNDATION OF AUSTIN
501(C)(3) · SUPPORT COMMUNITY DEVELOPMENT ACTIVITIES · TX
Directly controlled by GREATER AUSTIN CHAMBER OF COMMERCE
-
501(C)(3) · SUPPORT FOR THE HOMELESS · TX
-
CENTRAL TEXAS QUALITY OF LIFE FOUNDATION
501(C)(3) · SUPPORT COMMUNITY DEVELOPMENT ACTIVITIES · TX
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 2 February 2026
- IRS schema version
- 2024v5.5
- Source object
- 202600339349301515
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