Overview
What is Texas Economic Development Council Inc?
Texas Economic Development Council Inc, based in Austin, Texas, is a nonprofit organization with a mission to stimulate economic and employment growth in the Lone Star State. They achieve this by offering informational, educational, and legislative services to their members, thereby encouraging the expansion of existing industries, attracting new businesses, and developing strategies that foster a favorable business environment in Texas. With a modest workforce of eight individuals, this organization plays a significant role in promoting commerce, job creation, and overall economic development within Texas.
Official website here: www.texasedc.org
Is Texas Economic Development Council Inc legitimate?
Texas Economic Development Council Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Texas Economic Development Council 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: $478,856
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Official website here: www.texasedc.org
What is the mission statement of Texas Economic Development Council Inc?
The Texas Economic Development Council Inc's mission is centered around promoting business growth, commerce, and economic development within the state. Their primary goal is to develop economic and employment opportunities in Texas. To achieve this, they provide their members with informational, educational, and legislative services. Their aim is to foster the expansion of existing industries, attract new businesses, and develop strategies that cultivate a favorable business climate in Texas.
Official website here: www.texasedc.org
Who is the CEO of Texas Economic Development Council Inc?
Carlton Schwab is the Past Chair of Texas Economic Development Council Inc.
Official website here: www.texasedc.org
What is the revenue of Texas Economic Development Council Inc?
Texas Economic Development Council Inc's revenue in 2022 was $2,054,832.
Official website here: www.texasedc.org
Who are the executives of Texas Economic Development Council Inc and what are their salaries?
The average compensation at Texas Economic Development Council Inc during 2022 was $59,857. There are 8 employees at Texas Economic Development Council Inc.
Here are 6 key members and their salaries:
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- Compensation: $226,285
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- Other: $16,894
Official website here: www.texasedc.org
Where can I find the form 990 for Texas Economic Development Council Inc?
Texas Economic Development Council Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.texasedc.org
Learn more at the official website: www.texasedc.org
Mission Statement of Texas Economic Development Council Inc
The Texas Economic Development Council Inc, or TEDC, is committed to promoting business growth, commerce, and economic development within the state of Texas. Their mission involves developing economic and employment opportunities by providing members with valuable educational, informational, and legislative services. TEDC aims to foster the expansion of existing industries, attract new firms, and develop strategies that contribute to a favorable business environment in Texas. By doing so, TEDC works towards fostering a robust and thriving economic landscape in the state.
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Impact
October, 2024
Texas Economic Development Council Inc significantly impacts the state by promoting business commerce, job growth, and economic development. By focusing on the development of economic and employment opportunities, TEDC plays a vital role in enhancing the business environment in Texas.
Through its provision of information, educational resources, and legislative services, TEDC equips its members with the tools and knowledge necessary to spur the expansion of existing industries and attract new firms. This proactive approach fosters a positive business climate, crucial for ensuring sustainable economic growth across the state. Additionally, by developing strategies that support community improvement, TEDC enhances the overall quality of life for Texans, aligning business success with community well-being.
Overall, the organization's efforts help create a robust and dynamic economy in Texas, benefiting businesses, workers, and communities alike.
This information is meant to be a general summary of Texas Economic Development Council 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $3,776
- Program Service Revenue: $2,073,795
- Gross Receipts: $2,054,832
Assets and Liabilities:
- Total Assets: $1,417,760
- Total Liabilities: $395
- Net Assets: $1,417,365
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REGISTRATION FEES
Revenue
$1,171,054
MEMBERSHIP DUES
Revenue
$880,795
Organization Details
Founding Year
1961
Phone
(512) 480-8432Principal Officer
Carlton Schwab
Main Address
1601 RIO GRANDE 455, AUSTIN, TX, 78701
Website
www.texasedc.orgNTEE Category
Code: S30 - Community improvement
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