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Heart Of Texas Economic Development District Inc

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

EIN: 270083125 ✦ Waco, TX ✦ Designated as a 501(c)(3)

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Overview

What is Heart Of Texas Economic Development District Inc?

Heart of Texas Economic Development District Inc. is a nonprofit organization situated in Waco, Texas. Its primary mission is to stimulate economic growth within the Heart of Texas Council of Governments region, thereby creating employment opportunities for the unemployed and underemployed. To achieve this objective, the organization assists and coordinates economic development efforts among local governments and organizations, develops a comprehensive economic development strategy, and carries out activities supporting the region's growth goals. By providing buildings to the Heart of Texas Council of Governments and Heart of Texas Workforce Development, Heart of Texas Economic Development District Inc. facilitates their exempt purposes, ultimately contributing to the region's overall economic development.


Official website here: www.hoteddtx.com

Is Heart Of Texas Economic Development District Inc legitimate?

Heart Of Texas Economic Development District Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Heart Of Texas Economic Development District 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.hoteddtx.com

What is the mission statement of Heart Of Texas Economic Development District Inc?

Heart of Texas Economic Development District Inc's mission is centered around promoting economic growth in the Heart of Texas Council of Governments region in Texas. The organization aims to increase employment opportunities for the unemployed and underemployed, assist and coordinate economic development efforts of local governments and organizations, and develop a comprehensive economic development strategy for the region. Additionally, they conduct various activities supporting the region's economic development goals and objectives, and exercise all rights and powers granted to them by the Texas Non-Profit Corporation Act.


Official website here: www.hoteddtx.com

Who is the CEO of Heart Of Texas Economic Development District Inc?

Russell Devorsky is the Chair of Heart Of Texas Economic Development District Inc.


Official website here: www.hoteddtx.com

What is the revenue of Heart Of Texas Economic Development District Inc?

Heart Of Texas Economic Development District Inc's revenue in 2022 was $176,969.


Official website here: www.hoteddtx.com

Who are the executives of Heart Of Texas Economic Development District Inc and what are their salaries?

There 21 volunteers at Heart Of Texas Economic Development District Inc.


Here are 21 key members and their salaries:


Jerry Baker (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ignacio Vasquez (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles Eaton (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matthew Wright (Imm Past Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Russell Devorsky (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jay Elliot (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Randy Riggs (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dick Van Dyke (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alfred Solone (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Davis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Damaris Neeley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cindy Vanlandingham (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Hawkins (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Justin Lewis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin Benedict (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Felton (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ray O'Docharty (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Linda Grant (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Calvin Reuter (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Duncan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Art Mann (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.hoteddtx.com

Where can I find the form 990 for Heart Of Texas Economic Development District Inc?

Heart Of Texas Economic Development District Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.hoteddtx.com

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

Mission Statement of Heart Of Texas Economic Development District Inc

Heart of Texas Economic Development District Inc is a non-profit organization with a mission to foster economic growth in the Heart of Texas Council of Governments region in Texas. Their primary objective is to create employment opportunities for the unemployed and underemployed individuals within this region. To achieve this, they assist and coordinate economic development efforts among local governments and organizations. They also develop a comprehensive economic development strategy for the region, ensuring that all relevant activities support the region's economic development goals and objectives. In addition to these tasks, Heart of Texas Economic Development District Inc exercises all rights and powers granted to them under the Texas Non-Profit Corporation Act. The organization's ultimate goal is to contribute positively to the region's economic growth and development.

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Impact




October, 2024

Heart Of Texas Economic Development District Inc significantly enhances the economic landscape of the Heart of Texas region by focusing on various key initiatives aimed at fostering growth and improving employment opportunities. By promoting economic growth, the organization helps create an environment conducive to job creation, particularly for the unemployed and underemployed populations.

One of the primary impacts of Heart Of Texas Economic Development District Inc is the coordination and support of economic development efforts among local governments and organizations. This collaboration not only streamlines development initiatives but also ensures that resources are effectively utilized to meet the region's economic goals.

Additionally, the provision of infrastructure, such as buildings to the Heart of Texas Council of Governments and the Heart of Texas Workforce Development, enables these entities to further their objectives. This provision supports the overarching mission of increasing job opportunities and economic stability in the region.

Through the development of a comprehensive economic development strategy, Heart Of Texas Economic Development District Inc lays the groundwork for sustainable growth, addressing community needs and aspirations. Their commitment to enhancing local economies not only leads to improved employment outcomes but also contributes to the overall vitality and improvement of the community in the Heart of Texas.




This information is meant to be a general summary of Heart Of Texas Economic Development District 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
$176,969 (2022)
Expenses
$249,974 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $3,944
  • Program Service Revenue: $2,330
  • Gross Receipts: $281,650

Assets and Liabilities:

  • Total Assets: $2,145,431
  • Total Liabilities: $789,975
  • Net Assets: $1,355,456

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Programs

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

INTEREST ON LOANS

Revenue

$2,330

Organization Details

Founding Year

2003

Principal Officer

Russell Devorsky

Main Address

1514 S NEW RD, WACO, TX, 76711

NTEE Category

Code: S20 - Community improvement

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