Nonprofit · EIN 75-2488443
CARTHAGE ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt · CARTHAGE, TX 75633
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $1,019,436 | $195,833 | $823,603 | $5,000,807 | $0 | $5,000,807 |
| September 30, 2024 | 990 (amended) | $891,960 | $316,855 | $575,105 | $4,177,204 | $0 | $4,177,204 |
| December 31, 2023 | 990 | $891,960 | $316,855 | $575,105 | $4,177,204 | $0 | $4,177,204 |
| September 30, 2023 | 990 | $958,428 | $305,778 | $652,650 | $3,564,028 | $46,499 | $3,517,529 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $129,106
- Other revenue
- $890,330
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $97,715
- Salaries, compensation and benefits (total)
- $147,219
- Professional fundraising fees
- $0
- Accounting fees
- $800
- Travel
- $4,037
- Depreciation
- $8,750
- Program services (functional)
- $109,546
- Management and general (functional)
- $86,287
Balance sheet and other
- Total assets, start of year
- $4,177,204
- Total assets, end of year
- $5,000,807
- Total liabilities, end of year
- $0
- Net assets, end of year
- $5,000,807
- Land, buildings and equipment
- $926,760
- Net assets without donor restrictions
- $5,000,807
- Gross receipts
- $1,019,436
- Employees
- 2
- Year formed
- 1992
- 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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| STEPHEN K WILLIAMS | PRESIDENT Officer | 4 | $41,012 | $159,241 | $2,871 |
| TERESA DENNARD | RECORDING SE Officer | 40 | $56,703 | $0 | $0 |
| TATE BARBER | DIRECTOR Trustee or director | – | $0 | $0 | $0 |
| ISHA BROWN | DIRECTOR Trustee or director | – | $0 | $0 | $0 |
| JOHN COOKE | DIRECTOR Trustee or director | – | $0 | $0 | $0 |
| JERRY HANSZEN | SECRETARY/TR Trustee or director | – | $0 | $0 | $0 |
| OLIN JOFFRION | CHAIRMAN Trustee or director | – | $0 | $0 | $0 |
990 for the year ended September 30, 2024: 7 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| STEPHEN K WILLIAMS | PRESIDENT Officer | 4 | $39,453 | $148,525 | $7,830 |
| TERESA DENNARD | RECORDING SE Officer | 40 | $67,355 | $0 | $13,367 |
| TATE BARBER | DIRECTOR Trustee or director | 0 | $0 | $0 | $0 |
| ISHA BROWN | DIRECTOR Trustee or director | 0 | $0 | $0 | $0 |
| JOHN COOKE | DIRECTOR Trustee or director | 0 | $0 | $0 | $0 |
| JERRY HANSZEN | SECRETARY/TR Trustee or director | 0 | $0 | $0 | $0 |
| OLIN JOFFRION | CHAIRMAN Trustee or director | 0 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| STEPHEN K WILLIAMS | PRESIDENT Officer | 4 | $39,453 | $148,525 | $7,830 |
| TERESA DENNARD | RECORDING SE Officer | 40 | $67,355 | $0 | $13,367 |
| TATE BARBER | DIRECTOR Trustee or director | 0 | $0 | $0 | $0 |
| ISHA BROWN | DIRECTOR Trustee or director | 0 | $0 | $0 | $0 |
| JOHN COOKE | DIRECTOR Trustee or director | 0 | $0 | $0 | $0 |
| JERRY HANSZEN | SECRETARY/TR Trustee or director | 0 | $0 | $0 | $0 |
| OLIN JOFFRION | CHAIRMAN Trustee or director | 0 | $0 | $0 | $0 |
990 for the year ended September 30, 2023: 7 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| STEPHEN K WILLIAMS | PRESIDENT Officer | 4 | $37,216 | $147,925 | $7,386 |
| TERESA DENNARD | RECORDING SE Officer | 40 | $64,620 | $0 | $12,824 |
| TATE BARBER | DIRECTOR Trustee or director | – | $0 | $0 | $0 |
| ISHA BROWN | DIRECTOR Trustee or director | – | $0 | $0 | $0 |
| JOHN COOKE | DIRECTOR Trustee or director | – | $0 | $0 | $0 |
| JERRY HANSZEN | SECRETARY/TR Trustee or director, Officer | – | $0 | $0 | $0 |
| OLIN JOFFRION | CHAIRMAN Trustee or director, Officer | – | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 400, CARTHAGE, TX 75633-0400
- Principal officer (990 for 2024)
- STEPHEN K WILLIAMS, PO BOX 400, CARTHAGE, TX 75633
- Signed the 990
- STEPHEN K WILLIAMS, PRESIDENT
- Phone
- (903) 693-3868
- Website
- WWW.CARTHAGETEXAS.COM
- Return prepared by
- JAMES M WOLFE CPA
Mission
TO BENEFIT AND ACCOMPLISH PUBLIC PURPOSES FOR THE CITY OF CARTHAGE, TEXAS BY PROMOTING, ASSISTING AND ENHANCING ECONOMIC DEVELOPMENT ACTIVITIES FOR THE CITY AS PROVIDED BY THE STATE OF TEXAS DEVELOPMENT CORPORATION ACT OF 1979, LOCAL GOVERNMENT CODE, CHAPTER 504.
Program accomplishments
- THE ORGANIZATION PURSUED ONGOING EFFORTS TO PROMOTE THE CITY OF CARTHAGE AS A BUSINESS DESTINATION AND TO SUPPORT THE OPERATIONS OF EXISTING BUSINESSES IN THE CARTHAGE COMMUNITY. THE ORGANIZATION CONTINUES TO PREPARE THE LAND PURCHASED IN FY 2022 FOR FUTURE DEVELOPMENT.Expenses $28,700
- IN PARTNERSHIP WITH THE CARTHAGE IMPROVEMENT CORPORATION, THE ORGANIZATION FUNDED A PLAN TO RECRUIT COMMERCIAL BUSINESSES THAT WILL CREATE PRIMARY JOBS IN AND AROUND THE CITY OF CARTHAGE. THEY ALSO PARTNERED WITH THEM TO RECRUIT RETAIL BUSINESSES TO THE CITY. THESE RECRUITMENT EFFORTS ARE ANTICIPATED TO CREATE ADDITIONAL JOBS WHICH WILL INCREASE SALES TAX AND PROPERTY TAX WITHIN THE CITY.Expenses $80,846
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
- 75-2488443
- 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
- 1994
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $5,000,807
- Income (IRS master file)
- $1,019,436
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $1,019,436 | $195,833 | $5,000,807 | IRS |
| 990 | September 2024 | $891,960 | $316,855 | $4,177,204 | XML |
| 990 | December 2023 | $891,960 | $316,855 | $4,177,204 | XML |
| 990 | September 2023 | $958,428 | $305,778 | $3,564,028 | XML |
| 990 | September 2022 | $781,390 | $148,714 | $2,864,879 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 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 75-2488443).
Questions about CARTHAGE ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of CARTHAGE ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of CARTHAGE ECONOMIC DEVELOPMENT CORPORATION is 75-2488443.
- Is CARTHAGE ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
- Are donations to CARTHAGE ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does CARTHAGE 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 CARTHAGE 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 CARTHAGE 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 CARTHAGE ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended September 30, 2025 names STEPHEN K WILLIAMS.
- Who are the officers and directors of CARTHAGE ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended September 30, 2025 lists 7 people; 2 received compensation from the organization, the highest $41,012 (STEPHEN K WILLIAMS, PRESIDENT).
- How much revenue does CARTHAGE ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $1,019,436, expenses of $195,833 and total assets of $5,000,807 at year end.
Other nonprofits in CARTHAGE
- PANOLA SCHOOL EIN 75-2855333 · last filed 990 for 2025
- CARTHAGE ISD EDUCATION FOUNDATION INC EIN 02-0605405 · last filed 990 for 2025
- CHARLES C MATTHEWS FOUNDATION EIN 75-2741045 · last filed 990-PF for 2025
- CARTHAGE IMPROVEMENTS CORPORATION EIN 75-2792161 · last filed 990 for 2025
- PANOLA COUNTY JUNIOR LIVESTOCK SHOW INC EIN 75-2525509 · last filed 990 for 2025
- PANOLA COLLEGE FOUNDATION EIN 75-1846813 · last filed 990 for 2025
- TECHNOLOGY STUDENT ASSOCIATION EIN 74-2072932 · last filed 990 for 2025
- EXCELLENT TEEN CHOICE INC EIN 27-1710331 · last filed 990 for 2025