2026-07-14T11:06:36-04:00 2025-09-30 463602660 JOHNSON & SHELDON PLLC PO BOX 509 AMARILLO TX 791050509 990 2024-10-01 751834030 TEXAS PANHANDLE REGIONAL DEVELOPMENT CORPORATION TEXA 8063796411 600 S TYLER SUITE 1600 AMARILLO TX 79101 DOUG NELSON ADMIN DIRECTOR 8063723381 2026-07-08 true true RICHARD W BLANKENSHIP CPA P00172630 8063717661 2026-07-08 2024 2025-03-06 01:10:19Z DOUG NELSON 600 S TYLER SUITE 1600 AMARILLO TX 79101 324880 false X WWW.TPRDC.COM X 1982 TX THIS CORPORATION IS ORGANIZED FOR THE PRIMARY PURPOSE AND OBJECTIVE OF FURTHERING THE ECONOMIC DEVELOPMENT AND SOCIAL WELFARE OF THE STATE OF TEXAS, WITH A PRIMARY FOCUS ON ARMSTRONG, BRISCOE, CARSON, CASTRO, CHILDRESS, COLLINGSWORTH, DALLAM, DEAF SMITH, DONLEY, GRAY, HALL, HANSFORD, HARTLEY, HEMPHILL, HUTCHINSON, LIPSCOMB, MOORE, OCHILTREE, OLDHAM, PARMER, POTTER, RANDALL, ROBERTS, SHERMAN, SWISHER, AND WHEELER COUNTIES, AND THEIR ENVIRONS BY PROMOTING AND ASSISTING THE GROWTH AND DEVELOPMENT OF BUSINESS CONCERNS, INCLUDING SMALL BUSINESS CONCERNS, IN SUCH AREA. THE PRINCIPAL OBJECTIVES OF THE CORPORATION SHALL BE TO BENEFIT THE COMMUNITY BY FOSTERING THE INCREASED EMPLOYMENT OPPORTUNITIES AND EXPANSION OF BUSINESS AND INDUSTRY FOR THE CITIZENS OF THE AREA. MONETARY PROFITS OR OTHER BENEFITS TO MEMBERS MUST BE MERELY INCIDENTAL THERETO. THE FINANCIAL PROGRAM, EXCEPT THOSE PERMITTED UNDER TITLE V OF THE SMALL BUSINESS CORPORATION, SHALL NOT PARTICIPATE IN ANY OTHER SBA. 9 9 0 18 0 0 205503 192635 134959 132245 0 340462 324880 0 0 186700 152259 0 0 37028 45857 223728 198116 116734 126764 2925089 3018233 335622 310013 2589467 2708220 X THIS CORPORATION IS ORGANIZED FOR THE PRIMARY PURPOSE AND OBJECTIVE OF FURTHERING THE ECONOMIC DEVELOPMENT AND SOCIAL WELFARE OF THE STATE OF TEXAS, WITH A PRIMARY FOCUS ON ARMSTRONG, BRISCOE, CARSON, CASTRO, CHILDRESS, COLLINGSWORTH, DALLAM, DEAF SMITH, DONLEY, GRAY, HALL, HANSFORD, HARTLEY, HEMPHILL, HUTCHINSON, LIPSCOMB, MOORE, OCHILTREE, OLDHAM, PARMER, POTTER, RANDALL, ROBERTS, SHERMAN, SWISHER, AND WHEELER COUNTIES, AND THEIR ENVIRONS BY PROMOTING AND ASSISTING THE GROWTH AND DEVELOPMENT OF BUSINESS CONCERNS, INCLUDING SMALL BUSINESS CONCERNS, IN SUCH AREA. THE PRINCIPAL OBJECTIVES OF THE CORPORATION SHALL BE TO BENEFIT THE COMMUNITY BY FOSTERING THE INCREASED EMPLOYMENT OPPORTUNITIES AND EXPANSION OF BUSINESS AND INDUSTRY FOR THE CITIZENS OF THE AREA. MONETARY PROFITS OR OTHER BENEFITS TO MEMBERS MUST BE MERELY INCIDENTAL THERETO. THE FINANCIAL PROGRAM, EXCEPT THOSE PERMITTED UNDER TITLE V OF THE SMALL BUSINESS CORPORATION, SHALL NOT PARTICIPATE IN ANY OTHER SBA. false false 148844 192635 THE PRIMARY PURPOSE AND OBJECTIVE OF THE CORPORATION IS TO FURTHER THE ECONOMIC DEVELOPMENT AND SOCIAL WELFARE OF THE STATE OF TEXAS WITH A PRIMARY FOCUS ON THE 26 COUNTIES OF THE TEXAS PANHANDLE. 148844 false false false false false false false false false false true false false true true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 0 0 0 false false false false false false false false X 9 9 false true false false true true true true true false false false false false false false false false X DOUG NELSON 8063796411 600 S TYLER SUITE 1600 AMARILLO TX 79101 X DOUG NELSON ADMIN DIRECT 32.00 X 0 0 0 DEVIN SAVAGE PRESIDENT 1.00 X X 0 0 0 JONATHAN TRAVES VICE PRESIDE 1.00 X X 0 0 0 JASON BURR SECRETARY 1.00 X X 0 0 0 MINDI MCLAIN TREASURER 1.00 X X 0 0 0 AIDA ADAMS DIRECTOR 1.00 X 0 0 0 PARESH BHAKTA DIRECTOR 1.00 X 0 0 0 AMY FESSER DIRECTOR 1.00 X 0 0 0 BRAD STUTEVILLE DIRECTOR 1.00 X 0 0 0 COLVY WATERS DIRECTOR 1.00 X 0 0 0 false false false AMARILLO EDC 600 S TYLER SUITE 1600 AMARILLO TX 79101 MGMT SERVICES 198116 1 DEVELOP CORP SERVICING FEES 522200 192635 192635 192635 132245 132245 324880 192635 132245 106656 79992 26664 21290 15967 5323 16942 12706 4236 7371 5528 1843 17858 13393 4465 2037 1528 509 2368 1776 592 6110 4582 1528 858 643 215 4716 3537 1179 SUBSCRIPTION SERVICES 10068 7551 2517 CAR ALLOWANCE 1040 1040 MEALS AND LOCAL 858 643 215 MISCELLANEOUS EXPENSE -56 -42 -14 198116 148844 49272 0 141199 141200 2026852 1914730 101575 82890 355463 579413 300000 300000 2925089 3018233 108897 108897 226725 201116 335622 310013 X 2589467 2708220 2589467 2708220 2925089 3018233 126764 -8011 X false true X true false 60,000 SHRS CLI CAPITAL 300000 F 300000 DUE TO AEDC 198116 DEPOSITS 3000 201116 X 316869 -8011 -8011 324880 324880 198116 198116 198116 SCHEDULE D, PAGE 3, PART X THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(4) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, FEDERAL INCOME TAXES ARE NOT INCLUDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE CORPORATION COMPLIES WITH FASB ASC TOPIC 740, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE CORPORATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE-LIKELYTHAN-NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ALSO ADDRESSES DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES ON INCOME TAXES, AND ACCOUNTING IN INTERIM PERIODS. MANAGEMENT EVALUATED THE CORPORATIONS TAX POSITIONS AND CONCLUDED THAT THE CORPORATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. WITH FEW EXCEPTIONS, TPRDC IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL TAX AUTHORITIES FOR YEARS ENDING BEFORE SEPTEMBER 30, 2022. FORM 990 - ORGANIZATION'S MISSION THIS CORPORATION IS ORGANIZED FOR THE PRIMARY PURPOSE AND OBJECTIVE OF FURTHERING THE ECONOMIC DEVELOPMENT AND SOCIAL WELFARE OF THE STATE OF TEXAS, WITH A PRIMARY FOCUS ON ARMSTRONG, BRISCOE, CARSON, CASTRO, CHILDRESS, COLLINGSWORTH, DALLAM, DEAF SMITH, DONLEY, GRAY, HALL, HANSFORD, HARTLEY, HEMPHILL, HUTCHINSON, LIPSCOMB, MOORE, OCHILTREE, OLDHAM, PARMER, POTTER, RANDALL, ROBERTS, SHERMAN, SWISHER, AND WHEELER COUNTIES, AND THEIR ENVIRONS BY PROMOTING AND ASSISTING THE GROWTH AND DEVELOPMENT OF BUSINESS CONCERNS, INCLUDING SMALL BUSINESS CONCERNS, IN SUCH AREA. THE PRINCIPAL OBJECTIVES OF THE CORPORATION SHALL BE TO BENEFIT THE COMMUNITY BY FOSTERING THE INCREASED EMPLOYMENT OPPORTUNITIES AND EXPANSION OF BUSINESS AND INDUSTRY FOR THE CITIZENS OF THE AREA. MONETARY PROFITS OR OTHER BENEFITS TO MEMBERS MUST BE MERELY INCIDENTAL THERETO. THE FINANCIAL PROGRAM, EXCEPT THOSE PERMITTED UNDER TITLE V OF THE SMALL BUSINESS CORPORATION, SHALL NOT PARTICIPATE IN ANY OTHER SBA. FORM 990, PAGE 1, PART I, LINE 6 AS A MEMBERSHIP ORGANIZATION, WE HAVE 18 VOLUNTEER MEMBERS. FORM 990, PAGE 6, PART VI, LINE 3 MANAGEMENT IS PROVIDED BY AMARILLO ECONOMIC DEVELOPMENT CORPORATION UNDER A CONTRACT. FORM 990, PAGE 6, PART VI, LINE 6 THIS IS A MEMBERSHIP BASED ORGANIZATION. FORM 990, PAGE 6, PART VI, LINE 7A THE CORPORATION SHALL HAVE EIGHTEEN (18) MEMBERS. THE BOARD OF DIRECTORS OF THE TEXAS PANHANDLE REGIONAL DEVELOPMENT CORPORATION SHALL DESIGNATE MEMBERS OF THE CORPORATION. NO MORE THAN FIVE (5) OF THE EIGHTEEN (18) MEMBERS SHALL REPRESENT ONE OF THE FOLLOWING GROUPS: (A) LOCAL GOVERNMENT, (B) PRIVATE SECTOR LENDING INSTITUTION, (C) COMMUNITY ORGANIZATION, AND (D) BUSINESS ORGANIZATION. MEMBERS SHALL SERVE FOR A PERIOD OF THREE (3) YEARS. ANY VACANCIES OCCURRING IN THE MEMBERSHIP SHALL BE FILLED BY APPOINTMENT OF THE BOARD OF DIRECTORS OF THE TEXAS PANHANDLE REGIONAL DEVELOPMENT CORPORATION. TERMS OF THE MEMBERS SHALL BE STAGGERED SO THAT ONE-THIRD (1/3) ARE APPOINTED ANNUALLY. IN ORDER TO QUALIFY TO BE A MEMBER OF THE CORPORATION, A PERSON MUST RESIDE WITHIN THE AREA PRINCIPALLY SERVED BY THE CORPORATION. FORM 990, PAGE 6, PART VI, LINE 7B MEMBERS SHALL HAVE VOTING RIGHTS IN ALL CASES PROVIDED BY THE TEXAS BUSINESS ORGANIZATIONS CODE, INCLUDING THE ELECTION OF BOARD MEMBERS. FORM 990, PAGE 6, PART VI, LINE 11B TAX RETURN IS REVIEWED AND APPROVED BY THE ADMINSTRATIVE DIRECTOR. FORM 990, PAGE 6, PART VI, LINE 19 ALL DOCUMENTS ARE MADE AVAILABLE UPON REQUEST IN OUR OFFICE ON S FILLMORE.