Overview
What is Austin Economic Development Corporation?
Austin Economic Development Corporation, headquartered at 301 W 2nd Street Ste 2030, Austin, Texas 78701, was established in October 2020 to address the rising pressures of real estate prices on affordability and equity, impacting iconic venues and local businesses in the city. This nonprofit organization, functioning as a Public Real Estate Developer, operates with a mission to promote inclusive community benefits and foster equitable economic outcomes for Austin. By leveraging both public and private resources, AEDC aims to accelerate the city's response to the decreasing affordability and equity challenges, blending the strengths of both sectors in its deal-making processes.
Official website here: www.rallyaustin.org
Is Austin Economic Development Corporation legitimate?
Austin Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Austin Economic Development Corporation 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: $634,194
Professional Fundraising Fees: $0
Other Salaries and Wages: $126,892
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Official website here: www.rallyaustin.org
What is the mission statement of Austin Economic Development Corporation?
The Austin Economic Development Corporation, serving as a public real estate developer, is dedicated to fostering inclusive community benefits and promoting equitable economic outcomes. Recognizing the challenges posed by rising real estate prices on affordability and equity, the organization works to bridge the gap between public and private sectors, acting at market pace to preserve Austin's iconic venues and small businesses. By stewarding both public and private assets, the Austin Economic Development Corporation aims to create a more balanced and inclusive economic landscape.
Official website here: www.rallyaustin.org
Who is the CEO of Austin Economic Development Corporation?
Theresa Alvarez is the CEO of Austin Economic Development Corporation The CEO's salary of Austin Economic Development Corporation is $220,089 and their total compensation is $247,289.
Official website here: www.rallyaustin.org
What is the revenue of Austin Economic Development Corporation?
Austin Economic Development Corporation's revenue in 2024 was $4,252,999.
Official website here: www.rallyaustin.org
Who are the executives of Austin Economic Development Corporation and what are their salaries?
The average compensation at Austin Economic Development Corporation during 2024 was $126,848. There are 6 employees and 20 volunteers at Austin Economic Development Corporation.
Here are 22 key members and their salaries (Austin Economic Development Corporation's CEO's salary is $220,089 and their total compensation is $247,289):
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Official website here: www.rallyaustin.org
Where can I find the form 990 for Austin Economic Development Corporation?
Austin Economic Development Corporation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.rallyaustin.org
Learn more at the official website: www.rallyaustin.org
Mission Statement of Austin Economic Development Corporation
Austin Economic Development Corporation, established in October 2020, is dedicated to managing public and private real estate assets. Its primary objective is to foster inclusive community benefits and promote equitable economic outcomes for the city of Austin. Recognizing the escalating challenges of affordability and equity, the corporation operates as a Public Real Estate Developer, prioritizing purpose over profits. By leveraging both public and private deal-making strategies, Austin Economic Development Corporation can expedite the City's response to these pressing issues, thereby maintaining the city's iconic venues and small businesses.
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Impact
July, 2024
The Austin Economic Development Corporation works actively to steward public and private real estate assets for the creation of inclusive community benefits and equitable economic outcomes in Austin. By leveraging its position as a Public Real Estate Developer, the organization is dedicated to addressing the challenges posed by escalating real estate prices on affordability, equity, and the city's cultural venues and small businesses. Through purpose-driven initiatives, AEDC plays a crucial role in accelerating the public response to address affordability and equity issues, bridging the gap between public and private sector interests to create positive impacts for the community.
This information is meant to be a general summary of Austin Economic Development Corporation. 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 2024.
- Investment Income: $417,560
- Program Service Revenue: $64,150
- Gross Receipts: $4,252,999
Assets and Liabilities:
- Total Assets: $379,833
- Total Liabilities: $388,484
- Net Assets: -$8,651
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Organization Details
Founding Year
2020
Principal Officer
Emmett S Beliveau
Website
www.rallyaustin.orgNTEE Category
Code: S20 - Community improvement
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