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Nonprofit · EIN 74-2719298

TAYLOR ECONOMIC DEVELOPMENT

Tax-exempt · TAYLOR, TX 76574

Financials

$14.6M$3M2024
Revenue Expenses · by fiscal year end
Financials of TAYLOR ECONOMIC DEVELOPMENT by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
September 30, 2025990$14,572,872$3,021,649$11,551,223$27,412,277$966,481$26,445,796
Financial details: 990 for the year ended September 30, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$3,128,940
Investment income
$734,261
Other revenue
$10,709,671

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$543,181
Salaries, compensation and benefits (total)
$543,181
Professional fundraising fees
$0
Program services (functional)
$1,939,026
Management and general (functional)
$1,082,623

Balance sheet and other

Total assets, start of year
$15,045,744
Total assets, end of year
$27,412,277
Total liabilities, end of year
$966,481
Net assets, end of year
$26,445,796
Land, buildings and equipment
$2,732,724
Net assets without donor restrictions
$26,445,796
Gross receipts
$14,572,872
Employees
7
Year formed
1994
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.

NameTitleHours / weekCompensation
BEN WHITEPRESIDENT/CE
Officer
40$227,389
KELLY CMEREKTREASURER
Trustee or director
–$0
BETTY DAYCHAIR
Trustee or director, Officer
–$0
JOHN DOHMANNSECRETARY
Trustee or director, Officer
–$0
PENNY RYCHETSKY1ST VICE CHA
Trustee or director, Officer
–$0

Address and contacts

Address (IRS master file)
PO BOX 975, TAYLOR, TX 76574-0975
Principal officer (990 for 2024)
KELLY CMEREK
Signed the 990
KELLY CMEREK, TREASURER
Phone
(512) 352-4321
Return prepared by
ORTEGO CPA FIRM PC

Mission

TO PROMOTE AND FACILIATE THE ECONOMIC DEVELOPMENT OF THE CITY OF TAYLOR, TX

990 for the year ended September 30, 2025

Program accomplishments

  • MARKETING EXPENSES IN RECRUITING NEW BUSINESS
    Expenses $108,696
  • COMMUNITY AND WORKFORCE DEVELOPMENT EXPENSES
    Expenses $1,830,330

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 yearYear endedDueIRS public records
2025September 30, 2026February 15, 2027Not due yet
2024September 30, 2025February 16, 2026990 on file
2023September 30, 2024February 17, 2025990 on file

IRS record

EIN
74-2719298
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
1995
Accounting year ends
September
Files
Form 990 or 990-EZ
Assets (IRS master file)
$27,412,277
Income (IRS master file)
$14,572,872

Filing history

FormYear endedRevenueExpensesAssetsReturn
990September 2025–––IRS
990September 2024–––IRS
990September 2023$6,404,449$1,204,983$11,619,815IRS
990September 2022$2,390,669$749,393$6,023,409IRS
990September 2021–––IRS
990September 2020–––IRS
990September 2019–––IRS
990September 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 TAYLOR ECONOMIC DEVELOPMENT

What is the EIN of TAYLOR ECONOMIC DEVELOPMENT?
The employer identification number (EIN) of TAYLOR ECONOMIC DEVELOPMENT is 74-2719298.
Is TAYLOR ECONOMIC DEVELOPMENT tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
Are donations to TAYLOR ECONOMIC DEVELOPMENT tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does TAYLOR ECONOMIC DEVELOPMENT 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 TAYLOR ECONOMIC DEVELOPMENT 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 TAYLOR ECONOMIC DEVELOPMENT 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 TAYLOR ECONOMIC DEVELOPMENT?
The 990 for the year ended September 30, 2025 names KELLY CMEREK.
Who are the officers and directors of TAYLOR ECONOMIC DEVELOPMENT?
The 990 for the year ended September 30, 2025 lists 5 people; 1 received compensation from the organization, the highest $227,389 (BEN WHITE, PRESIDENT/CE).
How much revenue does TAYLOR ECONOMIC DEVELOPMENT have?
On its 990 for the year ended September 30, 2025 it reported revenue of $14,572,872, expenses of $3,021,649 and total assets of $27,412,277 at year end.

Other nonprofits in TAYLOR

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