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Kerrville Economic Development Corp

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

EIN: 300644332 ✦ Kerrville, TX ✦ Designated as a 501(c)(6)

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Overview

What is Kerrville Economic Development Corp?

Kerrville Economic Development Corp (KEDC) is a nonprofit organization based in Kerrville, Texas, with a focus on fostering economic growth and prosperity within the city. They achieve this by implementing various programs, such as KerrvilleTogether.com, KEDCTop40, and quarterly industry and education roundtables. These initiatives aim to support diverse sectors, including business development, resilience, tourism, agriculture, healthcare, education, and quality of life. KEDC's purpose is to serve as a catalyst for meaningful activities that promote growth, retention, and overall success in Kerrville, thereby broadening the city's tax base. The organization has a modest workforce of 3 employees.


Official website here: www.kerr-edc.com

Is Kerrville Economic Development Corp legitimate?

Kerrville Economic Development Corp is a legitimate nonprofit organization registered as a 501(c)(6) entity. Kerrville Economic Development Corp 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: $240,738

For more financial information, click here


Official website here: www.kerr-edc.com

What is the mission statement of Kerrville Economic Development Corp?

The Kerrville Economic Development Corporation's mission is to lead in economic development by facilitating significant activities that foster growth, retention, and prosperity. The corporation pays special attention and emphasis to supporting various sectors, including economic, commercial, tourism, agriculture, recreational, quality of life, healthcare, cultural, industrial, research, and educational interests. By doing so, the corporation aims to broaden the tax base directly benefiting the city. This mission is geared towards promoting the city's overall growth and wellbeing.


Official website here: www.kerr-edc.com

Who is the CEO of Kerrville Economic Development Corp?

Todd Bock is the Board Member of Kerrville Economic Development Corp.


Official website here: www.kerr-edc.com

What is the revenue of Kerrville Economic Development Corp?

Kerrville Economic Development Corp's revenue in 2022 was $512,433.


Official website here: www.kerr-edc.com

Who are the executives of Kerrville Economic Development Corp and what are their salaries?

The average compensation at Kerrville Economic Development Corp during 2022 was $80,246. There are 3 employees and 11 volunteers at Kerrville Economic Development Corp.


Here are 10 key members and their salaries:


Clint Fiore (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Hornes (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Todd Bock (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Anderson (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Julie Davis (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Wittler (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jonathan Letz (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brad Barnett (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Judy Eychner (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rob Kelly (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.kerr-edc.com

Where can I find the form 990 for Kerrville Economic Development Corp?

Kerrville Economic Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.kerr-edc.com

Learn more at the official website: www.kerr-edc.com

Mission Statement of Kerrville Economic Development Corp

Kerrville Economic Development Corp (KEDC) is committed to leading economic development in Kerrville, Texas. Their mission is to facilitate meaningful activities that promote growth, retention, and prosperity. This encompasses a wide range of interests, including economic, commercial, tourism, agriculture, recreational, quality of life, healthcare, cultural, industrial, research, and educational sectors. The primary goal is to broaden the tax base of the city by focusing on these areas. KEDC's activities aim to support these interests directly, thereby contributing to the overall development and prosperity of Kerrville.

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Impact




October, 2024

The Kerrville Economic Development Corporation (KEDC) plays a pivotal role in driving economic growth and enhancing the quality of life in Kerrville, Texas. By facilitating meaningful initiatives, KEDC focuses on the retention and prosperity of local businesses while attracting new investments to the area.

KEDC emphasizes support across various sectors, including economic, commercial, tourism, agriculture, recreation, healthcare, culture, and education, all of which contribute to broadening the city’s tax base. Key programs, such as KerrvilleTogether.com and the annual KerrEDC Top Forty awards, highlight successful businesses and foster collaboration among industry leaders. Additionally, KEDC hosts quarterly industry and education roundtables that bring together stakeholders to discuss challenges and opportunities, ensuring that local businesses thrive in a supportive environment.

Through its strategic initiatives and community-driven approach, KEDC significantly impacts Kerrville's economic landscape, enhancing its appeal as a place for business, tourism, and quality living.




This information is meant to be a general summary of Kerrville Economic Development Corp. 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
$512,433 (2022)
Expenses
$501,088 (2022)
Efficiency

Other financial information:

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

  • Program Service Revenue: $12,433
  • Gross Receipts: $512,433

Assets and Liabilities:

  • Total Assets: $145,304
  • Total Liabilities: $160,208
  • Net Assets: -$14,904

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Programs

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

BUSINESS & INNOVATION

Revenue

$10,933

KERREDC TOP FORTY

Revenue

$1,500

Organization Details

Founding Year

2009

Principal Officer

Todd Bock

Main Address

1700 SIDNEY BAKER STE 100 100, KERRVILLE, TX, 78028

NTEE Category

Code: S41 - Community improvement

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