Nonprofit · EIN 74-2504998
TEMPLE ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt · TEMPLE, TX 76501
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $22,794,776 | $4,324,832 | $18,469,944 | $85,498,445 | $8,548,673 | $76,949,772 |
| September 30, 2024 | 990 | $17,605,774 | $6,584,623 | $11,021,151 | $65,371,828 | $6,892,000 | $58,479,828 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $10,217,868
- of which government grants
- $10,186,868
- Program service revenue
- $0
- Investment income
- $263,719
- Net rental income
- $76,179
- Other revenue
- $12,313,189
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $621,413
- Other salaries and wages
- $178,587
- Salaries, compensation and benefits (total)
- $1,018,547
- Professional fundraising fees
- $0
- Occupancy
- $171,445
- Travel
- $5,157
- Depreciation
- $56,620
Balance sheet and other
- Total assets, start of year
- $65,371,828
- Total assets, end of year
- $85,498,445
- Total liabilities, end of year
- $8,548,673
- Net assets, end of year
- $76,949,772
- Land, buildings and equipment
- $4,356,265
- Gross unrelated business income
- $72,719
- Gross receipts
- $23,342,397
- Employees
- 5
- Volunteers
- 0
- Year formed
- 1988
- State of legal domicile
- TX
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 September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ADRIAN CANNADY | PRESIDENT Officer | 40 | $410,206 | $15,000 |
| JESSICA WALKER | DIRECTOR Trustee or director | 0 | $0 | $0 |
| BOB BROWDER | RZ CHAIR Trustee or director, Officer | 0 | $0 | $0 |
| TIM DAVIS | DIRECTOR Trustee or director | 0 | $0 | $0 |
| BO HARVEY | DIRECTOR Trustee or director | 0 | $0 | $0 |
| MICHAEL NORMAN | DIRECTOR Trustee or director | 0 | $0 | $0 |
| GARY SCHMIDT | EX-OFFICIO Trustee or director, Officer | 0 | $0 | $0 |
| BRIAN REINHARDT | DIRECTOR Trustee or director | 0 | $0 | $0 |
| BJ LITTLE | DIRECTOR Trustee or director | 0 | $0 | $0 |
| SCOTT SNELL | DIRECTOR Trustee or director | 0 | $0 | $0 |
| JOHN HOWE | CHAIRMAN Trustee or director, Officer | 0 | $0 | $0 |
| BRYAN DANIEL | DIRECTOR Trustee or director | 0 | $0 | $0 |
| PERRY CLOUD | DIRECTOR Trustee or director | 0 | $0 | $0 |
| BRYNN MYERS | DIRECTOR Trustee or director | 0 | $0 | $0 |
| TONY HALE | DIRECTOR Trustee or director | 0 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID NIX | TREASURER/SEC Trustee or director, Officer | 0 | $0 |
| TYLER JOHNSON | VICE CHAIRMAN Trustee or director, Officer | 0 | $0 |
990 for the year ended September 30, 2024: 17 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ADRIAN CANNADY | PRESIDENT Officer | 40 | $373,550 |
| JESSICA WALKER | DIRECTOR Trustee or director | 0 | $0 |
| BOB BROWDER | RZ CHAIR Trustee or director, Officer | 0 | $0 |
| TIM DAVIS | DIRECTOR Trustee or director | 0 | $0 |
| BO HARVEY | DIRECTOR Trustee or director | 0 | $0 |
| MICHAEL NORMAN | DIRECTOR Trustee or director | 0 | $0 |
| GARY SCHMIDT | EX-OFFICIO Trustee or director, Officer | 0 | $0 |
| BRIAN REINHARDT | DIRECTOR Trustee or director | 0 | $0 |
| BLAKE PITTS | DIRECTOR Trustee or director | 0 | $0 |
| SCOTT SNELL | DIRECTOR Trustee or director | 0 | $0 |
| JOHN HOWE | CHAIRMAN Trustee or director, Officer | 0 | $0 |
| BRYAN DANIEL | DIRECTOR Trustee or director | 0 | $0 |
| PERRY CLOUD | DIRECTOR Trustee or director | 0 | $0 |
| BRYNN MYERS | DIRECTOR Trustee or director | 0 | $0 |
| TONY HALE | DIRECTOR Trustee or director | 0 | $0 |
| DAVID NIX | TREASURER/SEC Trustee or director, Officer | 0 | $0 |
| TYLER JOHNSON | VICE CHAIRMAN Trustee or director, Officer | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 201 SANTA FE WAY STE 103, TEMPLE, TX 76501-4261
- Principal officer (990 for 2024)
- ADRIAN CANNADY, 201 SANTA FE WAY SUITE 103, TEMPLE, TX 76501
- Signed the 990
- ADRIAN CANNADY, PRESIDENT
- Phone
- (254) 773-8332
- Return prepared by
- BGF&N PC
Mission
NONE
Program accomplishments
- ECONOMIC DEVELOPMENT AND JOB CREATION
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 September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 15, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 16, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 17, 2025 | 990 on file |
IRS record
- EIN
- 74-2504998
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1989
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $85,498,445
- Income (IRS master file)
- $23,342,397
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | – | – | – | IRS |
| 990 | September 2024 | – | – | – | IRS |
| 990 | September 2023 | $3,102,496 | $2,228,248 | $54,673,490 | IRS |
| 990 | September 2022 | $25,893,208 | $2,548,428 | $53,020,825 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about TEMPLE ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of TEMPLE ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of TEMPLE ECONOMIC DEVELOPMENT CORPORATION is 74-2504998.
- Is TEMPLE ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1989.
- Are donations to TEMPLE ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does TEMPLE 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 TEMPLE ECONOMIC DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did TEMPLE ECONOMIC DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of TEMPLE ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended September 30, 2025 names ADRIAN CANNADY.
- Who are the officers and directors of TEMPLE ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended September 30, 2025 lists 17 people; 1 received compensation from the organization, the highest $410,206 (ADRIAN CANNADY, PRESIDENT).
- How much revenue does TEMPLE ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $22,794,776, expenses of $4,324,832 and total assets of $85,498,445 at year end.
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