Nonprofit · EIN 45-3783609
BULVERDE SPRING BRANCH ECONOMIC DEVELOPMENT FOUNDATION
Tax-exempt · SPRING BRANCH, TX 78070
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $62,090 | $66,860 | -$4,770 | $105,021 | $0 | $105,021 |
| December 31, 2024 | 990-EZ | $70,125 | $44,677 | $25,448 | $109,801 | $10 | $109,791 |
| December 31, 2023 | 990-EZ | $75,350 | $31,535 | $43,815 | $84,377 | $34 | $84,343 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $49,490
- Program service revenue
- $12,000
- Other revenue
- $600
Expenses
- Compensation of officers, directors and key employees
- $41,384
- Salaries, compensation and benefits (total)
- $41,384
- Professional fees and payments to contractors
- $6,013
- Occupancy
- $2,348
- Printing, publications and postage
- $39
- Other expenses
- $17,076
Balance sheet and other
- Total assets, start of year
- $109,801
- Total assets, end of year
- $105,021
- Total liabilities, end of year
- $0
- Net assets, end of year
- $105,021
- Cash, savings and investments
- $103,763
- Land and buildings
- $1,258
- Gross receipts
- $62,090
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SCOTT HITT | (FORMER) EXECUTIVE DIRECTOR | 40 | $20,096 |
| PAULA STAKES | (FORMER) EXECUTIVE DIRECTOR | 40 | $11,769 |
| MICHAEL EDWARDS | EXECUTIVE DIRECTOR | 40 | $9,519 |
| JOSH PETTIETTE | CHAIR AND DIRECTOR | 7 | $0 |
| THOMAS HACKLEMAN | 1ST VICE CHAIR AND DIRECTOR | 4 | $0 |
| KERI SANDVIG | DIRECTOR | 3 | $0 |
| RAY JEFFRIES | DIRECTOR | 3 | $0 |
| KATHLEEN BANSE | DIRECTOR | 3 | $0 |
| CRISSY BLAIN | DIRECTOR | 3 | $0 |
| TODD GOLD | DIRECTOR | 3 | $0 |
| BETH KOENNECKE | DIRECTOR | 3 | $0 |
| MONTANA RINDAHL | DIRECTOR | 3 | $0 |
990-EZ for the year ended December 31, 2024: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAULA STAKES | EXECUTIVE DIRECTOR | 40 | $30,000 |
| JOSH PETTIETTE | BOARD PRESIDENT | 7 | $0 |
| THOMAS HACKLEMAN | BOARD SECRETARY | 4 | $0 |
| DAN MULLINS | EXECUTIVE BOARD DIRECTOR | 3 | $0 |
| KERRI SANDVIG | EXECUTIVE BOARD DIRECTOR | 3 | $0 |
| CHARLES WEST | EXECUTIVE BOARD DIRECTOR | 4 | $0 |
| MIKE MASSO | EXECUTIVE BOARD DIRECTOR | 3 | $0 |
| RAY JEFFREY | EXECUTIVE BOARD DIRECTOR | 4 | $0 |
| DOUG LEECOCK | BOARD DIRECTOR | 3 | $0 |
| RHONDA ZUNKER | BOARD DIRECTOR | 3 | $0 |
| SCOTT HAAG | BOARD DIRECTOR | 3 | $0 |
| TODD GOLD | BOARD MEMBER | 3 | $0 |
990-EZ for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAULA STAKES | EXECUTIVE DIRECTOR | 40 | $19,962 |
| JOSH PETTIETTE | CHAIRMAN | 7 | $0 |
| RAY JEFFREY | VICE CHAIR 2 | 4 | $0 |
| THOMAS HACKLEMAN | VICE CHAIR 3 & SECRETARY | 4 | $0 |
| TERRY SIMMS | VICE CHAIR 5 | 3 | $0 |
| MIKE MASSO | VICE CHAIR 6 | 3 | $0 |
| CLINT HAYES | VICE CHAIR 7 | 3 | $0 |
| YVONNE CHAPMAN | VICE CHAIR 8 | 3 | $0 |
| DAN MULLINS | VICE CHAIR 9 | 3 | $0 |
| KATHLEEN BANSE | DIRECTOR | 3 | $0 |
| BILL KRAWIETZ | DIRECTOR | 3 | $0 |
| JAMES MAYER | DIRECTOR | 3 | $0 |
Address and contacts
- Address (IRS master file)
- 17080 HIGHWAY 46 WEST 108-G, SPRING BRANCH, TX 78070-0000
- In care of
- % JOSH PETTIETTE
- Signed the 990-EZ
- TOM HACKLEMAN, CHAIR
- Phone
- (830) 885-4331
- Website
- WWW.BSBEDF.COM
- Return prepared by
- ADKF PC
Mission
TO ESTABLISH A CLOSE WORKING RELATIONSHIP WITH THE CITY OF BULVERDE, TEXAS, COMAL COUNTY, TEXAS, AND OTHER GOVERNMENTAL AND COMMUNITY ENTITIES IN THE AREA TO ENCOURAGE, FACILITATE, AND MANAGE ECONOMIC DEVELOPMENT IN THE BULVERDE/SPRING BRANCH AREA IN CENTRAL TEXAS.
Program accomplishments
- THROUGHOUT 2025, THE FOUNDATION CONTINUED TO ADVOCATE AND SUPPORT INFRASTRUCTURE IMPROVEMENTS THAT AFFECT THE AREA'S LONG-TERM QUALITY OF LIFE AND ITS CAPACITY FOR MANAGED GROWTH. THIS INCLUDED SUPPORTING LOCAL GOVERNMENT JURISDICTIONS IN EFFECTIVE GROWTH MANAGEMENT, SUPPORTING EFFORTS TO IMPROVE WATER AND WASTEWATER INFRASTRUCTURE AND OVERALL WATER SECURITY, AND SUPPORTING HIGHWAY AND ROADWAY IMPROVEMENTS. THE FOUNDATION ALSO CONTINUED TO TAKE ACTION TO IMPROVE CONDITIONS FOR EXISTING LOCAL BUSINESSES, INCLUDING A BUSINESS RETENTION AND EXPANSION EFFORT, SUPPORT FOR CONTINUED HOUSING DEVELOPMENT, AND PROGRAMS TO ENCOURAGE LOCAL ENTREPRENEURSHIP AND SMALL BUSINESS FORMATION.
- THE FOUNDATION IS FORMALLY CHARGED WITH COMMUNICATING AND IMPLEMENTING ITS STRATEGIC PLAN. DURING 2025, THE FOUNDATION DEVELOPED AND ADOPTED AN UPDATED STRATEGIC PLAN TO GUIDE ITS WORK, FOCUSED ON WATER AND INFRASTRUCTURE, BUSINESS RETENTION AND EXPANSION, ORGANIZATIONAL OPERATIONS, AND WORKFORCE AND MEMBER VALUE. THE FOUNDATION SHARED INFORMATION WITH THE PUBLIC WHEN THERE WAS SIGNIFICANT NEWS TO COMMUNICATE, WORKED TO SUPPORT POSITIVE MEDIA COVERAGE OF ITS SERVICE AREA, AND MAINTAINED ITS WEBSITE AS A SOURCE OF USEFUL INFORMATION ABOUT ITS ACTIVITIES AND THE ECONOMIC AND DEMOGRAPHIC PROFILE OF THE REGION.
- THE FOUNDATION CONTINUED ACTIVELY WORKING TO RECRUIT NEW MEMBERS AND ENCOURAGE CURRENT MEMBERS TO RENEW THEIR COMMITMENT. IT WORKED WITH ELECTED OFFICIALS, THE STAFF OF VARIOUS GOVERNMENTAL ENTITIES, AND REGIONAL PARTNERS TO FORM COLLABORATIONS THAT ADVANCE THE FOUNDATION'S STRATEGIC PLAN. THE FOUNDATION PARTICIPATED AS A BOARD MEMBER OF THE LOCAL CHAMBER OF COMMERCE AND IN GOVERNMENTAL AFFAIRS DISCUSSIONS, ATTENDED GOVERNMENTAL MEETINGS TO SHOW SUPPORT FOR PROJECTS IMPORTANT TO THE AREA, AND SHARED INFORMATION ABOUT NEW BUSINESSES AND ECONOMIC ACTIVITY AS APPROPRIATE.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 45-3783609
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20)
- Assets (IRS master file)
- $105,021
- Income (IRS master file)
- $62,090
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $62,090 | $66,860 | $105,021 | XML |
| 990-EZ | December 2024 | $70,125 | $44,677 | $109,801 | IRS |
| 990-EZ | December 2023 | $75,350 | $31,535 | $84,377 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 45-3783609).
Questions about BULVERDE SPRING BRANCH ECONOMIC DEVELOPMENT FOUNDATION
- What is the EIN of BULVERDE SPRING BRANCH ECONOMIC DEVELOPMENT FOUNDATION?
- The employer identification number (EIN) of BULVERDE SPRING BRANCH ECONOMIC DEVELOPMENT FOUNDATION is 45-3783609.
- Is BULVERDE SPRING BRANCH ECONOMIC DEVELOPMENT FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to BULVERDE SPRING BRANCH ECONOMIC DEVELOPMENT FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BULVERDE SPRING BRANCH ECONOMIC DEVELOPMENT FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of BULVERDE SPRING BRANCH ECONOMIC DEVELOPMENT FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BULVERDE SPRING BRANCH ECONOMIC DEVELOPMENT FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who are the officers and directors of BULVERDE SPRING BRANCH ECONOMIC DEVELOPMENT FOUNDATION?
- The 990-EZ for the year ended December 31, 2025 lists 12 people; 3 received compensation from the organization, the highest $20,096 (SCOTT HITT, (FORMER) EXECUTIVE DIRECTOR).
- How much revenue does BULVERDE SPRING BRANCH ECONOMIC DEVELOPMENT FOUNDATION have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $62,090, expenses of $66,860 and total assets of $105,021 at year end.
Other nonprofits in SPRING BRANCH
- DESTINATION OILMENS GOLF INVITATIONAL EIN 84-3443924 · last filed 990 for 2025
- BULVERDE-SPRING BRANCH AREA CHAMBER OF COMMERCE EIN 82-0567985 · last filed 990 for 2024
- ELEVATEGLOBALINC EIN 87-4007992 · last filed 990-EZ for 2024
- KIWANIS CLUB OF TEXAS HILL COUNTY EIN 86-2310255 · last filed 990-N for 2025
- CREEKWOOD RANCHES PROPERTY OWNERS ASSOCIATION EIN 74-2382130 · last filed 990-N for 2025
- BULVERDE SPRING BRANCH EMERGENCY SERVICES EIN 74-2060965 · last filed 990 for 2024
- MCGUIRE INSTITUTE EIN 46-1406217 · last filed 990-PF for 2025
- HILLCREST FOUNDATION EIN 31-1501699 · last filed 990-PF for 2024
All nonprofits in SPRING BRANCH · Texas · Community improvement and capacity building