Nonprofit · EIN 74-2215322
VICTORIA ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt · VICTORIA, TX 77902
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,101,781 | $1,036,589 | $65,192 | $749,611 | $25,000 | $724,611 |
| December 31, 2023 | 990 | $1,035,607 | $962,324 | $73,283 | $686,621 | $25,000 | $661,621 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $925,199
- of which government grants
- $925,199
- Program service revenue
- $147,775
- Investment income
- $28,807
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $496,752
- Salaries, compensation and benefits (total)
- $617,982
- Professional fundraising fees
- $0
- Accounting fees
- $7,460
- Occupancy
- $41,722
- Travel
- $30,208
- Program services (functional)
- $692,573
- Management and general (functional)
- $344,016
Balance sheet and other
- Total assets, start of year
- $686,621
- Total assets, end of year
- $749,611
- Total liabilities, end of year
- $25,000
- Net assets, end of year
- $724,611
- Land, buildings and equipment
- $1,349
- Net assets without donor restrictions
- $724,611
- Gross receipts
- $1,101,781
- Employees
- 5
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 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| VEE STRAUSS | CHAIRMAN Trustee or director, Officer | – | $0 |
| MIKE OLSON | VICE CHAIRMA Trustee or director, Officer | – | $0 |
| GEANIE MORRISON | SECRETARY Trustee or director, Officer | – | $0 |
| DIEGO GONZALEZ | TREASURER Trustee or director, Officer | – | $0 |
| DON WHITAKER | PAST CHAIR Trustee or director | – | $0 |
| NANCY GARNER | DIRECTOR Trustee or director | – | $0 |
| JON NEW | DIRECTOR Trustee or director | – | $0 |
| BOBBY JACOB | DIRECTOR Trustee or director | – | $0 |
| THOMAS A SCHMIDT | DIRECTOR Trustee or director | – | $0 |
| DUANE CROCKER | DIRECTOR Trustee or director | – | $0 |
| RUSSELL DEMPSEY | DIRECTOR Trustee or director | – | $0 |
| JOHN CLEGG | DIRECTOR Trustee or director | – | $0 |
| JESUS GARZA | DIRECTOR Trustee or director | – | $0 |
| SEAN STIBICH | DIRECTOR Trustee or director | – | $0 |
| BOB GLENN | DIRECTOR Trustee or director | – | $0 |
13 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TOMMY TAYLOR | DIRECTOR Trustee or director | – | $0 |
| JENNIFER KENT | DIRECTOR Trustee or director | – | $0 |
| BLAINE WARZECHA | DIRECTOR Trustee or director | – | $0 |
| BEN ZELLER | DIRECTOR Trustee or director | – | $0 |
| VERN LYSSY | DIRECTOR Trustee or director | – | $0 |
| BERNARD LEGER | DIRECTOR Trustee or director | – | $0 |
| GARY BROZ | DIRECTOR Trustee or director | – | $0 |
| MIKE RIVETT | DIRECTOR Trustee or director | – | $0 |
| TOMMY BEYER | DIRECTOR Trustee or director | – | $0 |
| CHARLES HAUSMANN | DIRECTOR Trustee or director | – | $0 |
| JP STRICKLAND | DIRECTOR Trustee or director | – | $0 |
| ASHLIE THOMAS | DIRECTOR Trustee or director | – | $0 |
| JOHN ZACEK | DIRECTOR Trustee or director | – | $0 |
990 for the year ended December 31, 2023: 24 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DON WHITAKER | CHAIRMAN Trustee or director, Officer | – | $0 |
| JON NEW | VICE CHAIRMA Trustee or director, Officer | – | $0 |
| MIKE OLSON | SECRETARY Trustee or director, Officer | – | $0 |
| VEE STRAUSS | TREASURER Trustee or director, Officer | – | $0 |
| NANCY GARNER | PAST CHAIR Trustee or director | – | $0 |
| BOBBY JACOB | DIRECTOR Trustee or director | – | $0 |
| THOMAS A SCHMIDT | DIRECTOR Trustee or director | – | $0 |
| JEFF BAUKNIGHT | DIRECTOR Trustee or director | – | $0 |
| WILLIAM R BLANCHARD | DIRECTOR Trustee or director | – | $0 |
| JOHN CLEGG | DIRECTOR Trustee or director | – | $0 |
| JESUS GARZA | DIRECTOR Trustee or director | – | $0 |
| SEAN STIBICH | DIRECTOR Trustee or director | – | $0 |
| CHANCE GLENN | DIRECTOR Trustee or director | – | $0 |
| TOMMY TAYLOR | DIRECTOR Trustee or director | – | $0 |
| JENNIFER KENT | DIRECTOR Trustee or director | – | $0 |
| BLAINE WARZECHA | DIRECTOR Trustee or director | – | $0 |
| BEN ZELLER | DIRECTOR Trustee or director | – | $0 |
| ROYCE MORAN | DIRECTOR Trustee or director | – | $0 |
| BERNARD LEGER | DIRECTOR Trustee or director | – | $0 |
| GARY BROZ | DIRECTOR Trustee or director | – | $0 |
| RICHARD MEYER | DIRECTOR Trustee or director | – | $0 |
| TOMMY BEYER | DIRECTOR Trustee or director | – | $0 |
| DIEGO GONZALEZ | DIRECTOR Trustee or director | – | $0 |
| CHARLES HAUSMANN | DIRECTOR Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 7, VICTORIA, TX 77902-0007
- Principal officer (990 for 2024)
- JONAS TITAS, 101 W GOODWIN STE 322, VICTORIA, TX 77901
- Signed the 990
- JONAS TITAS, PRESIDENT
- Phone
- (361) 485-3190
- Website
- WWW.VICTORIAEDC.COM
- Return prepared by
- PAUL B HOLM & COMPANY PLLC
Mission
TO PROMOTE ECONOMIC GROWTH & DIVERSIFICATION OF THE LOCAL ECONOMY BY LOCATING NEW BUSINESS AND RETENTION OF EXISTING BUSINESSES.
Program accomplishments
- PROMOTING THE REGIONS' ECONOMIC EXPANSION & THE RETENTION OF EXISTING BUSINESSES.Expenses $692,573
- TO PROMOTE THE REGIONS' ECONOMIC EXPANSION AND THE RETENTION OF EXISTING BUSINESSES.
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 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 74-2215322
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1982
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $749,611
- Income (IRS master file)
- $1,101,781
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,101,781 | $1,036,589 | $749,611 | XML |
| 990 | December 2023 | $1,035,607 | $962,324 | $686,621 | XML |
| 990 | December 2022 | $854,432 | $809,870 | $588,338 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | 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 74-2215322).
Questions about VICTORIA ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of VICTORIA ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of VICTORIA ECONOMIC DEVELOPMENT CORPORATION is 74-2215322.
- Is VICTORIA ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1982.
- Are donations to VICTORIA ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does VICTORIA ECONOMIC DEVELOPMENT CORPORATION 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 VICTORIA ECONOMIC DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VICTORIA ECONOMIC DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of VICTORIA ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names JONAS TITAS.
- Who are the officers and directors of VICTORIA ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 28 people; 0 received compensation from the organization.
- How much revenue does VICTORIA ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,101,781, expenses of $1,036,589 and total assets of $749,611 at year end.
Other nonprofits in VICTORIA
- BARBARA KAUFFMAN WELDER PRIVATE FOUNDATION EIN 88-3695192 · last filed 990-PF for 2024
- VICTORIA ELECTRIC COOPERATIVE INC EIN 74-0964933 · last filed 990 for 2024
- THE FOOD BANK OF THE GOLDEN CRESCENT EIN 74-2534561 · last filed 990 for 2024
- M G & LILLIE A JOHNSON FOUNDATION INC EIN 74-6076961 · last filed 990-PF for 2025
- OCONNOR & HEWITT FOUNDATION EIN 74-2527227 · last filed 990-PF for 2025
- HOSPICE OF SOUTH TEXAS INC EIN 74-2368758 · last filed 990 for 2024
- VOLUNTEERS OF VICTORIA INC EIN 74-2608736 · last filed 990 for 2025
- MID-COAST FAMILY SERVICES EIN 74-2605669 · last filed 990 for 2025