Nonprofit · EIN 74-2637990
MARBLE FALLS ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt · MARBLE FALLS, TX 78654
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $4,254,145 | $2,509,052 | $1,745,093 | $38,127,133 | $13,499,518 | $24,627,615 |
| September 30, 2024 | 990 | $4,711,299 | $2,220,426 | $2,490,873 | $36,567,573 | $13,685,051 | $22,882,522 |
| September 30, 2023 | 990 | $4,619,622 | $1,878,466 | $2,741,156 | $33,823,548 | $13,431,898 | $20,391,650 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $3,531,288
- Investment income
- $694,369
- Net income from sales of inventory
- $17,500
- Other revenue
- $28,488
Expenses
- Grants and similar amounts paid
- $939,130
- Compensation of officers, directors and key employees
- $260,444
- Other salaries and wages
- $100,242
- Salaries, compensation and benefits (total)
- $403,626
- Professional fundraising fees
- $0
- Legal fees
- $17,561
- Accounting fees
- $3,250
- Occupancy
- $74,027
- Travel
- $5,499
- Depreciation
- $421,489
Balance sheet and other
- Total assets, start of year
- $36,567,573
- Total assets, end of year
- $38,127,133
- Total liabilities, end of year
- $13,499,518
- Net assets, end of year
- $24,627,615
- Land, buildings and equipment
- $17,102,041
- Net assets with donor restrictions
- $24,627,615
- Gross receipts
- $4,254,145
- Employees
- 0
- Volunteers
- 7
- Year formed
- 2007
- 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 |
|---|---|---|---|---|
| CHRISTIAN FLETCHER | EXECUTIVE DIRECTOR Officer | 40 | $172,858 | $44,903 |
| STEVE REITZ | PRESIDENT Trustee or director, Officer | 4 | $0 | $0 |
| MARK MAYFIELD | VICE PRESIDENT Trustee or director, Officer | 4 | $0 | $0 |
| CHRISTINA MCDONALD CITY SECRETARY | SECRETARY Trustee or director, Officer | 4 | $0 | $0 |
| JEFF LAZENBY DIRECTOR OF FINANCE | TREASURER 4/2021 TO 2/2025 Trustee or director, Officer | 4 | $0 | $0 |
| WADE NICKERSON DIRECTOR OF FINANCE | TREASURER 6/2025 TO 9/2025 Trustee or director, Officer | 4 | $0 | $0 |
| DAVE RHODES | DIRECTOR Trustee or director | 2 | $0 | $0 |
| LINDSAY PLANTE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JUDY MILLER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JOHN PACKER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| RYAN NASH | DIRECTOR Trustee or director | 2 | $0 | $0 |
990 for the year ended September 30, 2024: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CHRISTIAN FLETCHER | EXECUTIVE DIRECTOR Officer | 40 | $161,441 | $36,095 |
| STEVE REITZ | PRESIDENT Trustee or director, Officer | 4 | $0 | $0 |
| MARK MAYFIELD | VICE PRESIDENT Trustee or director, Officer | 4 | $0 | $0 |
| CHRISTINA MCDONALD CITY SECRETARY | SECRETARY Trustee or director, Officer | 4 | $0 | $0 |
| JEFF LAZENBY DIRECTOR OF FINANCE | TREASURER 4/7/21 TO PRESEN Trustee or director | 4 | $0 | $0 |
| DAVE RHODES | DIRECTOR 5/21/24 TO PRESENT Trustee or director | 2 | $0 | $0 |
| DEE HADDOCK | DIRECTOR 6/6/23 TO 5/21/24 Trustee or director | 2 | $0 | $0 |
| LINDSAY PLANTE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JUDY MILLER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JOHN PACKER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| RYAN NASH | DIRECTOR Trustee or director | 2 | $0 | $0 |
990 for the year ended September 30, 2023: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CHRISTIAN FLETCHER | EXECUTIVE DIRECTOR Officer | 40 | $146,836 | $32,640 |
| STEVE REITZ | PRESIDENT Trustee or director, Officer | 4 | $0 | $0 |
| MARK MAYFIELD | VICE PRESIDENT Trustee or director, Officer | 4 | $0 | $0 |
| CHRISTINA MCDONALD CITY SECRETARY | SECRETARY Trustee or director, Officer | 4 | $0 | $0 |
| JEFF LAZENBY DIRECTOR OF FINANCE | TREASURER 4/7/21 TO PRESEN Trustee or director | 4 | $0 | $0 |
| RICHARD WESTERMAN | DIRECTOR 6/2/21 TO 6/6/23 Trustee or director | 2 | $0 | $0 |
| DEE HADDOCK | DIRECTOR 6/6/23 TO 5/21/24 Trustee or director | 2 | $0 | $0 |
| LINDSAY PLANTE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JUDY MILLER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JOHN PACKER | DIRECTOR Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 800 3RD ST, MARBLE FALLS, TX 78654-5728
- Principal officer (990 for 2024)
- STEVE REITZ, 800 3RD STREET, MARBLE FALLS, TX 78654
- Signed the 990
- CHRISTIAN FLETCHER, EXECUTIVE DIRECTOR
- Phone
- (830) 798-7075
- Website
- MARBLEFALLSECONOMY.COM
- Return prepared by
- PATTILLO BROWN & HILL LLP
Mission
TO ATTRACT AND SUPPORT BUSINESS AND ECONOMIC DEVELOPMENT IN THE MARBLE FALLS AREA THROUGH STRATEGIC PLANNING, WORKFORCE TRAINING, AND MARKETING.
Program accomplishments
- BUSINESS IMPROVEMENT GRANT (BIG) PROGRAM - TO PROVIDE ASSISTANCE TO LOCAL BUSINESSES IN IMPROVING THEIR PROPERTIES. THE PURPOSE OF THIS PROGRAM IS TO PROMOTE THE EXPANSION AND DEVELOPMENT OF NEW AND EXISTING BUSINESS ENTERPRISES WITHIN THE CITY OF MARBLE FALLS, TEXAS, AND TO IMPROVE THE APPEARANCE AND VISUAL CHARACTER OF THE COMMUNITY. THE EDC WILL PROVIDE 10% IN MATCHING FUNDS, VIA REIMBURSEMENT, TO BUSINESSES WHO ARE SEEKING TO IMPROVE OR EXPAND THEIR COMMERCIAL PROPERTIES. THE MAXIMUM GRANT IS $10,000 PER APPLICANT, AND THE MINIMUM EXPENDITURE TO BE CONSIDERED FOR THE PROGRAM IS $5,000. THE APPLICATION PERIOD FOR THIS GRANT WILL REMAIN OPEN UNTIL FUNDING HAS BEEN EXHAUSTED; OR UNTIL THE EDC DETERMINES THAT ITS PROGRAM GOALS HAVE BEEN SATISFIED.
- COMMUNITY LEVERAGE PROGRAM - TO PROVIDE MATCHING FUNDS TO ORGANIZATIONS THAT ARE UNDERTAKING WORTHWHILE PROJECTS IN THE COMMUNITY. PROJECTS THAT ENHANCE OUR QUALITY OF PLACE, IMPROVE THE OVERALL WELL-BEING OF THE CITY, AND MAXIMIZE RESOURCES WILL BE THE TYPES OF PROJECTS THAT ATTRACT THE ATTENTION AND SUPPORT OF THE EDC.IN THE PAST, THE EDC HAS PROVIDED COMMUNITY LEVERAGE FUNDING TO SUPPORT THE COLLEGE TO CAREERS WORKFORCE DEVELOPMENT INITIATIVE, ARTS PROJECTS, AND PARK IMPROVEMENTS, INCLUDING THE HIKE-AND-BIKE TRAIL SYSTEM, THE EXPANSION OF THE SOCCER FIELDS, AND MORE. THE EDC HAS ALLOCATED $100,000 ANNUALLY FOR THE COMMUNITY LEVERAGE PROGRAM.THE EDC IS THE SOLE AND FINAL AUTHORITY IN DETERMINING PROJECT ELIGIBILITY FOR FUNDING.
- WORKFORCE DEVELOPMENT INITIATIVE - FUNDS ALLOCATED FOR THE WORKFORCE DEVELOPMENT INITIATIVE WERE MATCHING FUNDS THROUGH THE TEXAS WORKFORCE COMMISSION'S HIGH DEMAND JOB TRAINING GRANT PROGRAM. THROUGH A CONSORTIUM COMPRISED OF THE EDC, THE MARBLE FALLS INDEPENDENT SCHOOL DISTRICT, CENTRAL TEXAS COLLEGE, AND WORKFORCE NETWORK, INC., CERTIFICATIONS WERE GRANTED IN PLUMBING, ELECTRICAL, MEDICAL, AND ACCOUNTING TRADES.
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
- 74-2637990
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1993
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $38,127,133
- Income (IRS master file)
- $4,254,145
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $4,254,145 | $2,509,052 | $38,127,133 | XML |
| 990 | September 2024 | $4,711,299 | $2,220,426 | $36,567,573 | XML |
| 990 | September 2023 | $4,619,622 | $1,878,466 | $33,823,548 | XML |
| 990 | September 2022 | $6,358,572 | $2,058,522 | $32,285,301 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | 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 74-2637990).
Questions about MARBLE FALLS ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of MARBLE FALLS ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of MARBLE FALLS ECONOMIC DEVELOPMENT CORPORATION is 74-2637990.
- Is MARBLE FALLS ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1993.
- Are donations to MARBLE FALLS ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MARBLE FALLS 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 MARBLE FALLS 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 MARBLE FALLS 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 MARBLE FALLS ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended September 30, 2025 names STEVE REITZ.
- Who are the officers and directors of MARBLE FALLS ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended September 30, 2025 lists 11 people; 1 received compensation from the organization, the highest $172,858 (CHRISTIAN FLETCHER, EXECUTIVE DIRECTOR).
- How much revenue does MARBLE FALLS ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $4,254,145, expenses of $2,509,052 and total assets of $38,127,133 at year end.
Other nonprofits in MARBLE FALLS
- MARBLE FALLS AREA EMERGENCY MEDICAL SERVICE EIN 74-2094694 · last filed 990 for 2025
- FAITH ACADEMY OF MARBLE FALLS EIN 74-2888658 · last filed 990 for 2025
- THE HELPING CENTER OF MARBLE FALLS AREA INC EIN 74-2476594 · last filed 990 for 2025
- HIGHLAND LAKES FAMILY CRISIS CENTER INC EIN 74-2233861 · last filed 990 for 2024
- BELOVED IN CHRIST FOUNDATION EIN 32-0395390 · last filed 990-PF for 2024
- CAMP OF THE HILLS EIN 74-2614354 · last filed 990 for 2024
- PHOENIX CENTER EIN 26-0310507 · last filed 990 for 2025
- HIGHLAND LAKES CRISIS NETWORK EIN 83-2515465 · last filed 990 for 2024