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Nonprofit · EIN 74-2934571

LAMPASAS ECONOMIC DEVELOPMENT CORPORATION

Tax-exempt · LAMPASAS, TX 76550

Financials

$534K$310K2022$553K$391K2023$556K$372K2024
Revenue Expenses · by fiscal year end
Financials of LAMPASAS ECONOMIC DEVELOPMENT CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
September 30, 2025990$556,307$371,676$184,631$4,447,622$2,037,516$2,410,106
September 30, 2024990$552,727$391,011$161,716$4,556,110$2,330,635$2,225,475
September 30, 2023990$534,327$309,896$224,431$4,511,159$2,447,399$2,063,760
Financial details: 990 for the year ended September 30, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$0
Investment income
$52,109
Other revenue
$504,198

Expenses

Grants and similar amounts paid
$17,975
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Travel
$1,230
Depreciation
$204,067
Program services (functional)
$371,676

Balance sheet and other

Total assets, start of year
$4,556,110
Total assets, end of year
$4,447,622
Total liabilities, end of year
$2,037,516
Net assets, end of year
$2,410,106
Land, buildings and equipment
$2,779,606
Gross unrelated business income
$504,198
Gross receipts
$556,307
Employees
0
Volunteers
0
Year formed
1998
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
DEORALD FINNEYPRESIDENT
Trustee or director, Officer
2$0
MICHAEL GILLSECRETARY/TREASURER
Trustee or director, Officer
2$0
FIN ERWINVICE PRESIDENT
Trustee or director, Officer
2.5$0
DERRICK DEWALDMEMBER
Trustee or director
2$0
CHARLEY KENNINGTONMEMBER
Trustee or director
2$0
TONJA GEBERTMEMBER
Trustee or director
2$0
MICHAEL IRVINMEMBER
Trustee or director
2$0
BOBBY CARROLLEX OFFICIO
Trustee or director
1$0
RANDY MORRISEX-OFFICIO
Trustee or director
1$0
990 for the year ended September 30, 2024: 9 people
NameTitleHours / weekCompensation
MISTI TALBERTPRESIDENT
Trustee or director, Officer
2$0
ROLAND SCHAUBSECRETARY/TREASURER
Trustee or director, Officer
2$0
STEVE HUDSONVICE PRESIDENT
Trustee or director, Officer
2.5$0
CHARLES PRATUSMEMBER
Trustee or director
2$0
DEORALD FINNEYMEMBER
Trustee or director
2$0
FIN ERWINMEMBER
Trustee or director
2$0
SID BALLMEMBER
Trustee or director
2$0
BOBBY CARROLLEX OFFICIO
Trustee or director
1$0
RANDY MORRISEX-OFFICIO
Trustee or director
1$0
990 for the year ended September 30, 2023: 7 people
NameTitleHours / weekCompensation
SID BALLMEMBER
Trustee or director, Officer
2$0
ROLAND SCHAUBTREASURER
Trustee or director, Officer
2$0
STEVE HUDSONVICE PRESIDENT
Trustee or director, Officer
2.5$0
MISTI TALBERTPRESIDENT
Trustee or director
2$0
FIN ERWINMEMBER
Trustee or director
2$0
T J MONROEMEMBER
Trustee or director
2$0
RYAN SHAHANMEMBER
Trustee or director
2$0

Address and contacts

Address (IRS master file)
312 E 3RD ST, LAMPASAS, TX 76550-2820
Principal officer (990 for 2024)
DEORALD FINNEY, 301 E THIRD STREET, LAMPASAS, TX 76550
Signed the 990
DEORALD FINNEY, PRESIDENT
Phone
(512) 556-6831
Return prepared by
J N CLARK ENTERPRISES INC

Mission

TO PROMOTE ECONOMIC DEVELOPMENT WITHIN THE CITY AND STATE IN ORDER TO ELIMINATE UNEMPLOYMENT AND UNDEREMPLOYMENT AND TO PROMOTE AND ENCOURAGE EMPLOYMENT AND THE PUBLIC WELFARE OF, FOR, AND ON BEHALF OF THE CITY.

990 for the year ended September 30, 2025

Program accomplishments

  • TO PROMOTE ECONOMIC DEVELOPMENT WITHIN THE CITY AND STATE IN ORDER TO ELIMINATE UNEMPLOYMENT AND UNDEREMPLOYMENT AND TO PROMOTE AND ENCOURAGE EMPLOYMENT AND THE PUBLIC WELFARE OF, FOR, AND ON BEHALF OF THE CITY
    Expenses $371,676 · grants $17,975 · revenue $556,307

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
74-2934571
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization (509(a)(3))
Donations deductible (Pub 78)
Supporting organization of unknown type
Exempt since
2000
Accounting year ends
September
Files
Form 990 or 990-EZ
Assets (IRS master file)
$4,447,622
Income (IRS master file)
$556,307

Filing history

FormYear endedRevenueExpensesAssetsReturn
990September 2025$556,307$371,676$4,447,622XML
990September 2024$552,727$391,011$4,556,110XML
990September 2023$534,327$309,896$4,511,159XML
990September 2022$474,613$241,107$5,287,121IRS
990September 2021–––IRS
990September 2020–––IRS
990September 2019–––IRS
990September 2018–––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 74-2934571).

Questions about LAMPASAS ECONOMIC DEVELOPMENT CORPORATION

What is the EIN of LAMPASAS ECONOMIC DEVELOPMENT CORPORATION?
The employer identification number (EIN) of LAMPASAS ECONOMIC DEVELOPMENT CORPORATION is 74-2934571.
Is LAMPASAS ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
Are donations to LAMPASAS ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
Which annual return does LAMPASAS 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 LAMPASAS 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 LAMPASAS 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 LAMPASAS ECONOMIC DEVELOPMENT CORPORATION?
The 990 for the year ended September 30, 2025 names DEORALD FINNEY.
Who are the officers and directors of LAMPASAS ECONOMIC DEVELOPMENT CORPORATION?
The 990 for the year ended September 30, 2025 lists 9 people; 0 received compensation from the organization.
How much revenue does LAMPASAS ECONOMIC DEVELOPMENT CORPORATION have?
On its 990 for the year ended September 30, 2025 it reported revenue of $556,307, expenses of $371,676 and total assets of $4,447,622 at year end.

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