MARBLE FALLS ECONOMIC DEVELOPMENT CORPORATION

As filed

Subsection

06

Classification

2000

Street

800 3RD ST

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2024

• BUSINESS IMPROVEMENT GRANT (BIG) PROGRAM - TO PROVIDE ASSISTANCE TO LOCAL BUSINESSES IN IMPROVING THEIR PROPERTIES. THE PURPOSE OF THIS PROGRAM IS TO PROMOTE THE EXPANSION AND DEVELOPMENT OF NEW AND EXISTING BUSINESS ENTERPRISES WITHIN THE CITY OF MARBLE FALLS, TEXAS, AND TO IMPROVE THE APPEARANCE AND VISUAL CHARACTER OF THE COMMUNITY. THE EDC WILL PROVIDE 10% IN MATCHING FUNDS, VIA REIMBURSEMENT, TO BUSINESSES WHO ARE SEEKING TO IMPROVE OR EXPAND THEIR COMMERCIAL PROPERTIES. THE MAXIMUM GRANT IS $10,000 PER APPLICANT, AND THE MINIMUM EXPENDITURE TO BE CONSIDERED FOR THE PROGRAM IS $5,000. THE APPLICATION PERIOD FOR THIS GRANT WILL REMAIN OPEN UNTIL FUNDING HAS BEEN EXHAUSTED; OR UNTIL THE EDC DETERMINES THAT ITS PROGRAM GOALS HAVE BEEN SATISFIED.

• COMMUNITY LEVERAGE PROGRAM - TO PROVIDE MATCHING FUNDS TO ORGANIZATIONS THAT ARE UNDERTAKING WORTHWHILE PROJECTS IN THE COMMUNITY. PROJECTS THAT ENHANCE OUR QUALITY OF PLACE, IMPROVE THE OVERALL WELL-BEING OF THE CITY, AND MAXIMIZE RESOURCES WILL BE THE TYPES OF PROJECTS THAT ATTRACT THE ATTENTION AND SUPPORT OF THE EDC.IN THE PAST, THE EDC HAS PROVIDED COMMUNITY LEVERAGE FUNDING TO SUPPORT THE COLLEGE TO CAREERS WORKFORCE DEVELOPMENT INITIATIVE, ARTS PROJECTS, AND PARK IMPROVEMENTS, INCLUDING THE HIKE-AND-BIKE TRAIL SYSTEM, THE EXPANSION OF THE SOCCER FIELDS, AND MORE. THE EDC HAS ALLOCATED $100,000 ANNUALLY FOR THE COMMUNITY LEVERAGE PROGRAM.THE EDC IS THE SOLE AND FINAL AUTHORITY IN DETERMINING PROJECT ELIGIBILITY FOR FUNDING.

• WORKFORCE DEVELOPMENT INITIATIVE - FUNDS ALLOCATED FOR THE WORKFORCE DEVELOPMENT INITIATIVE WERE MATCHING FUNDS THROUGH THE TEXAS WORKFORCE COMMISSION'S HIGH DEMAND JOB TRAINING GRANT PROGRAM. THROUGH A CONSORTIUM COMPRISED OF THE EDC, THE MARBLE FALLS INDEPENDENT SCHOOL DISTRICT, CENTRAL TEXAS COLLEGE, AND WORKFORCE NETWORK, INC., CERTIFICATIONS WERE GRANTED IN PLUMBING, ELECTRICAL, MEDICAL, AND ACCOUNTING TRADES.

As filed on the 2024 return.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

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. Earlier years are each on their own filing page.

Filings

• 2024

  Revenue

  $4,254,145

  Expenses

  $2,509,052

  Contributions

  $0

  Grants paid

  $939,130

• 2023

  Revenue

  $4,711,299

  Expenses

  $2,220,426

  Contributions

  $0

  Grants paid

  $691,448

• 2022

  Revenue

  $4,619,622

  Expenses

  $1,878,466

  Contributions

  $30,270

  Grants paid

  $320,311

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

• 2021 · 990

  Revenue

  $6,358,572

  Expenses

  $2,058,522

  Assets (EOY)

  $32,285,301

• 2020 · 990

  Revenue

  $3,625,669

  Expenses

  $2,098,041

  Assets (EOY)

  $20,873,582

• 2019 · 990

  Revenue

  $2,974,936

  Expenses

  $2,541,577

  Assets (EOY)

  $19,985,747

• 2018 · 990

  Revenue

  $2,686,008

  Expenses

  $1,499,940

  Assets (EOY)

  $20,188,752

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all.

Grants made

• MARBLE FALLS AFFILIATES LTD

  $544,092

  2024 · RECRUITMENT & RETENTION GRANT

• VANTAGE VENTURES

  $232,821

  2023 · RECRUITMENT-HCC

• WORKFORCE NETWORK INC

  $120,037

  2022 · COMMUNITY LEVERAGE GRANT

• WORKFORCE NETWORK INC

  $50,465

  2023 · WORKFORCE DEVELOPMENT

• WORKFORCE NETWORK INC

  $30,000

  2024 · WORKFORCE DEVELOPMENT

• THE FALLS ON THE COLORADO MUSEUM

  $25,000

  2023 · COMMUNITY LEVERAGE GRANT

• THE FALLS ON THE COLORADO MUSEUM

  $25,000

  2024 · COMMUNITY LEVERAGE GRANT

• OOS HOLDINGS LLC

  $25,000

  2024 · COMMUNITY LEVERAGE

• OOS HOLDINGS LLC

  $20,000

  2023 · COMMUNITY LEVERAGE

• HIGHLAND LAKES CREATIVE ARTS

  $14,000

  2023 · COMMUNITY LEVERAGE

The 10 largest by cash amount. The API serves every itemized grant.

Where these grants went next →

Grants received

No itemized grant names this organization as a recipient. Only grants over $5,000 are itemized, and only by filers of the full Form 990.

Other IRS files