Nonprofit · EIN 74-2619492
TEXAS ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt · AUSTIN, TX 78768
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $4,380,939 | $4,640,331 | -$259,392 | $8,667,369 | $480,280 | $8,187,089 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $3,923,167
- Program service revenue
- $155,500
- Investment income
- $298,986
- Net gain from sales of assets
- $91,012
- Other revenue
- $3,286
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $951,645
- Other salaries and wages
- $876,624
- Salaries, compensation and benefits (total)
- $2,127,188
- Professional fundraising fees
- $0
- Accounting fees
- $61,000
- Occupancy
- $82,008
- Depreciation
- $129,793
- Program services (functional)
- $3,528,330
- Management and general (functional)
- $660,230
- Fundraising (functional)
- $451,771
Balance sheet and other
- Total assets, start of year
- $8,821,031
- Total assets, end of year
- $8,667,369
- Total liabilities, end of year
- $480,280
- Net assets, end of year
- $8,187,089
- Land, buildings and equipment
- $28,658
- Publicly traded securities
- $7,012,975
- Net assets without donor restrictions
- $8,187,089
- Gross receipts
- $6,257,927
- Employees
- 12
- Volunteers
- 0
- Year formed
- 1991
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| AARON DEMERSON | PRESIDENT & CEO Officer | 40 | $552,502 | $18,667 |
| VALERIE SEGOVIA | VICE PRESIDENT OF INVESTOR Officer | 40 | $217,026 | $8,681 |
| WALTER BUCHHOLTZ | DIR. OF OPERATIONS Highest-paid employee | 40 | $178,061 | $11,678 |
| JESSICA WU | CHIEF MARKETING OFFICER Highest-paid employee | 40 | $163,445 | $12,055 |
| BONNIE DOWNS | DIRECTOR OF COMMUNICATIONS Highest-paid employee | 40 | $152,437 | $11,204 |
| DALE ROBERTSON | VICE PRESIDENT OF BUSINESS Officer | 40 | $139,680 | $9,600 |
| TOM MASON | BOARD DIRECTOR Trustee or director | 0 | $0 | $0 |
| CRYSTAL LONG | BOARD DIRECTOR Trustee or director | 0 | $0 | $0 |
| LARRY COBEN | BOARD DIRECTOR Trustee or director | 0 | $0 | $0 |
| ERIC ANDERSON | BOARD DIRECTOR Trustee or director | 0 | $0 | $0 |
| BRUCE NIEMEYER | BOARD DIRECTOR Trustee or director | 0 | $0 | $0 |
| ADRIAN CANNADY | BOARD TREASURER Trustee or director | 0 | $0 | $0 |
| ADRIANA CRUZ | EX-OFFICIO BOARD MEMBER Trustee or director | 0 | $0 | $0 |
| ARUN AGARWAL | BOARD CHAIR Trustee or director | 0 | $0 | $0 |
| EDUARDO MARGAIN | BOARD SECRETARY Trustee or director | 0 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GEORGE HENDERSON III | BOARD DIRECTOR Trustee or director | 0 | $0 |
| S DAVID DEANDA | BOARD VICE CHAIR Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 684702, AUSTIN, TX 78768-4702
- In care of
- % TEXAS DEPT OF ECONOMIC DEVELOPMEN
- Principal officer (990 for 2025)
- AARON DEMERSON, PO BOX 684702, AUSTIN, TX 78768
- Signed the 990
- AARON DEMERSON, PRESIDENT AND CEO
- Phone
- (512) 981-6736
- Return prepared by
- ASEL & ASSOCIATES PLLC
Mission
THE TEXAS ECONOMIC DEVELOPMENT CORPORATION IS AN INDEPENDENTLY FUNDED AND OPERATED 501(C)(3) NONPROFIT ORGANIZATION RESPONSIBLE FOR MARKETING AND PROMOTING TEXAS AS A PREMIER BUSINESS LOCATION.
Program accomplishments
- THE ORGANIZATION MARKETS TEXAS IN A DYNAMIC AND COMPETITIVE MANNER THROUGH PROMOTION OF ECONOMIC DEVELOPMENT AND JOB CREATION IN TEXAS.Expenses $3,528,330 · revenue $155,500
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 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
- 74-2619492
- 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
- 1993
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $8,667,369
- Income (IRS master file)
- $6,257,927
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | – | – | – | IRS |
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $5,923,992 | $3,085,195 | $9,847,471 | IRS |
| 990 | December 2022 | $3,628,909 | $3,740,053 | $7,644,414 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 TEXAS ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of TEXAS ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of TEXAS ECONOMIC DEVELOPMENT CORPORATION is 74-2619492.
- Is TEXAS ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
- Are donations to TEXAS ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TEXAS 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 TEXAS ECONOMIC DEVELOPMENT CORPORATION 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 TEXAS ECONOMIC DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of TEXAS ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 names AARON DEMERSON.
- Who are the officers and directors of TEXAS ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 lists 17 people; 6 received compensation from the organization, the highest $552,502 (AARON DEMERSON, PRESIDENT & CEO).
- How much revenue does TEXAS ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $4,380,939, expenses of $4,640,331 and total assets of $8,667,369 at year end.
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