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Greater Austin Economic Development Corporation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 200192975 ✦ Austin, TX ✦ Designated as a 501(c)(6)

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Overview

What is Greater Austin Economic Development Corporation Inc?

Greater Austin Economic Development Corporation Inc, located at 200 W 6th St 1750, Austin, TX 78701, is a nonprofit organization that actively contributes to the Austin region's economic development. Through their initiative, Opportunity Austin, they focus on job creation, employability, and economic opportunities for all. They serve as a catalyst in identifying, evaluating, and pursuing opportunities that promote an inclusive and innovative economy, support an educated and employed workforce, and foster affordable and accessible communities. Their mission is to foster job-creating investment across the Austin region.


Official website here: www.opportunityaustin.com

Is Greater Austin Economic Development Corporation Inc legitimate?

Greater Austin Economic Development Corporation Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Greater Austin Economic Development Corporation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $63,024
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,182,700

For more financial information, click here


Official website here: www.opportunityaustin.com

What is the mission statement of Greater Austin Economic Development Corporation Inc?

The mission of Greater Austin Economic Development Corporation Inc, as embodied in their Opportunity Austin initiative, is centered around fostering job-creating investments across the Austin region. Their objective is to catalyze an economy that is both innovative and inclusive, while simultaneously focusing on the education and employment of its workforce. Moreover, they strive to develop communities that are affordable and accessible, ensuring economic opportunities for all. In essence, their mission is to drive growth and prosperity in the region by supporting initiatives that promote job creation, education, and community development.


Official website here: www.opportunityaustin.com

Who is the CEO of Greater Austin Economic Development Corporation Inc?

Ed Latson is the CEO of Greater Austin Economic Development Corporation Inc The CEO's salary of Greater Austin Economic Development Corporation Inc is $62,066 and their total compensation is $63,024.


Official website here: www.opportunityaustin.com

What is the revenue of Greater Austin Economic Development Corporation Inc?

Greater Austin Economic Development Corporation Inc's revenue in 2023 was $3,192,928.


Official website here: www.opportunityaustin.com

Who are the executives of Greater Austin Economic Development Corporation Inc and what are their salaries?

The average compensation at Greater Austin Economic Development Corporation Inc during 2023 was $102,078. There are 22 employees and 76 volunteers at Greater Austin Economic Development Corporation Inc.

Here are 32 key members and their salaries (Greater Austin Economic Development Corporation Inc's CEO's salary is $62,066 and their total compensation is $63,024):


Gary Farmer (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Casey Dobson (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kerry Hall (Immediate Past Chair, Pres & Secr.)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Dyess (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matthew Dow (General Counsel/Asst. Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Norman Chenven (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elizabeth Christian (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andy Davis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chuck Lipscomb (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dana Harris (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Ridings (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Todd Wallace (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pete Winstead (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andy Brock (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim Crowley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Laura Gottesman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim Hendricks (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eric Marcella (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Buck Cody (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
C Brian Cassidy (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steven Gonzalez (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jody Rudman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Seth Johnston (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Knoll (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bart Matheney (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bill Redd (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ed Latson (President & Ceo (As Of 09/01/23))
  • Compensation: $62,066
  • Related: $0
  • Other: $958
Stacy Almgren (Senior Vice President)
  • Compensation: $58,333
  • Related: $109,790
  • Other: $16,834
Charisse Bodisch (Senior Vice President)
  • Compensation: $83,333
  • Related: $168,831
  • Other: $17,394
Frank Hartmann (Vp, Economic Development)
  • Compensation: $52,000
  • Related: $102,040
  • Other: $22,187
Roland Pena (Svp Of Global Tech & Innovation)
  • Compensation: $53,560
  • Related: $108,660
  • Other: $17,089
Gilbert Zavala (Vp, Education & Talent Development)
  • Compensation: $43,333
  • Related: $83,568
  • Other: $17,257


Official website here: www.opportunityaustin.com

Where can I find the form 990 for Greater Austin Economic Development Corporation Inc?

Greater Austin Economic Development Corporation Inc's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.opportunityaustin.com

Learn more at the official website: www.opportunityaustin.com

Mission Statement of Greater Austin Economic Development Corporation Inc

Greater Austin Economic Development Corporation Inc, known as Opportunity Austin, is dedicated to driving job-creating investment across the Austin region. Their mission is to serve as a catalyst for identifying, evaluating, and pursuing opportunities that promote an inclusive and innovative economy, a workforce that is educated and employed, and communities that are affordable and accessible. In essence, Opportunity Austin invests in initiatives that support a thriving, inclusive, and equitable regional economy.

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Impact




October, 2024

Greater Austin Economic Development Corporation Inc., through its Opportunity Austin initiative, plays a crucial role in enhancing economic vitality in the Austin region. By focusing on fostering job-creating investments, it catalyzes initiatives that aim to create a more inclusive and innovative economy. This initiative not only supports job creation but also actively invests in enhancing employability and economic opportunities for all residents.

The efforts of Opportunity Austin are directed toward building an educated and employed workforce, ensuring that individuals are equipped with the skills necessary to thrive in a competitive job market. Furthermore, the initiative aims to develop affordable and accessible communities, thus contributing to the overall quality of life for residents.

Through comprehensive evaluation and pursuit of various economic opportunities, Greater Austin Economic Development Corporation Inc. serves as a key player in driving sustainable economic growth, benefiting both individuals and the community at large.




This information is meant to be a general summary of Greater Austin Economic Development Corporation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$3,192,928 (2023)
Expenses
$5,028,369 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $98,981
  • Program Service Revenue: $3,014,422
  • Gross Receipts: $3,192,928

Assets and Liabilities:

  • Total Assets: $5,075,407
  • Total Liabilities: $537,430
  • Net Assets: $4,537,977

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

MEMBERSHIP DUES & ASSESSMENTS

Revenue

$3,014,422

Organization Details

Founding Year

2002

Principal Officer

Ed Latson

NTEE Category

Code: S41 - Community improvement

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