Nonprofit · EIN 74-2508760
EAST AUSTIN ECONOMIC DEVELOPMENT CORP
Tax-exempt · AUSTIN, TX 78702
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2023 | 990 | -$64,630 | $42,091 | -$106,721 | $1,220,089 | $840,805 | $379,284 |
Financial details: 990 for the year ended December 31, 2023
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $210
- Net rental income
- -$64,840
- Other revenue
- -$64,840
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $32,880
- Occupancy
- $6,000
- Program services (functional)
- $32,580
- Management and general (functional)
- $9,511
Balance sheet and other
- Total assets, start of year
- $1,322,949
- Total assets, end of year
- $1,220,089
- Total liabilities, end of year
- $840,805
- Net assets, end of year
- $379,284
- Land, buildings and equipment
- $1,137,773
- Gross receipts
- $183,238
- Employees
- 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 December 31, 2023, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Lawrence Britton | BOD Trustee or director | 1 | $0 |
| Greg Roberson | BOD Trustee or director | 1 | $0 |
| Opal Irving | BOD Trustee or director | 1 | $0 |
| Gloria Davis | BOD Trustee or director | 1 | $0 |
| Ria Griffin | BOD Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1009 E 11TH ST STE 103, AUSTIN, TX 78702-1913
- Principal officer (990 for 2023)
- SHARON VILLEGAS, 1009 EAST 11TH, AUSTIN, TX 78702
- Signed the 990
- SHARON VILLEGAS, EXECUTIVE DIRECTOR
- Phone
- (512) 472-1472
- Return prepared by
- Thomas E Jensen LLC
Mission
Planning and Developing Housing Projects within blighted areas located in economic development zones
Program accomplishments
- Planning and Developing Housing Projects within blighted areas located in economic development zonesExpenses $32,580 · revenue -$64,840
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 | Not on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 74-2508760
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1990
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S31Z)
- Assets (IRS master file)
- $1,220,089
- Income (IRS master file)
- $183,238
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2023 | -$64,630 | $42,091 | $1,220,089 | IRS |
| 990 | December 2022 | -$11,112 | $38,453 | $1,322,949 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 EAST AUSTIN ECONOMIC DEVELOPMENT CORP
- What is the EIN of EAST AUSTIN ECONOMIC DEVELOPMENT CORP?
- The employer identification number (EIN) of EAST AUSTIN ECONOMIC DEVELOPMENT CORP is 74-2508760.
- Is EAST AUSTIN ECONOMIC DEVELOPMENT CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1990.
- Are donations to EAST AUSTIN ECONOMIC DEVELOPMENT CORP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does EAST AUSTIN ECONOMIC DEVELOPMENT CORP 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 EAST AUSTIN ECONOMIC DEVELOPMENT CORP 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 EAST AUSTIN ECONOMIC DEVELOPMENT CORP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2023.
- Who is the principal officer of EAST AUSTIN ECONOMIC DEVELOPMENT CORP?
- The 990 for the year ended December 31, 2023 names SHARON VILLEGAS.
- Who are the officers and directors of EAST AUSTIN ECONOMIC DEVELOPMENT CORP?
- The 990 for the year ended December 31, 2023 lists 5 people; 0 received compensation from the organization.
- How much revenue does EAST AUSTIN ECONOMIC DEVELOPMENT CORP have?
- On its 990 for the year ended December 31, 2023 it reported revenue of -$64,630, expenses of $42,091 and total assets of $1,220,089 at year end.
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