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Nonprofit · EIN 75-2504486

HENDERSON ECONOMIC DEVELOPMENT CORPORATION

Tax-exempt · HENDERSON, TX 75654

Financials

$2.8M$574K2022
Revenue Expenses · by fiscal year end
Financials of HENDERSON ECONOMIC DEVELOPMENT CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
September 30, 2023990$2,794,786$574,278$2,220,508$14,927,822$109,325$14,818,497
Financial details: 990 for the year ended September 30, 2023

Revenue

Contributions, gifts and grants
$2,274,947
Program service revenue
$0
Investment income
$507,039
Net rental income
$12,800
Net gain from sales of assets
$318,811
Other revenue
$12,800

Expenses

Grants and similar amounts paid
$72,378
Compensation of officers, directors and key employees
$138,553
Other salaries and wages
$113,783
Salaries, compensation and benefits (total)
$268,990
Professional fundraising fees
$0
Legal fees
$39,460
Accounting fees
$10,590
Occupancy
$550
Travel
$8,684
Program services (functional)
$304,738
Management and general (functional)
$269,540

Balance sheet and other

Total assets, start of year
$13,411,728
Total assets, end of year
$14,927,822
Total liabilities, end of year
$109,325
Net assets, end of year
$14,818,497
Land, buildings and equipment
$7,520,280
Net assets without donor restrictions
$14,818,497
Gross receipts
$2,794,786
Employees
2
Volunteers
0
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, 2023, highest compensation first.

NameTitleHours / weekCompensation
JOHN CLARYEXEC DIRECTOR
Key employee
40$0
WF GARMON IIIPRESIDENT
Trustee or director, Officer
3$0
RAYMOND MICHELLVICE PRESIDENT
Trustee or director, Officer
3$0
PAUL MORRISTREASURER
Trustee or director, Officer
3$0
JOE SORRELLSSECRETARY
Trustee or director, Officer
3$0
NOBLE WELCHBOARD MEMBER
Trustee or director
3$0

Address and contacts

Address (IRS master file)
200 S MARSHALL ST, HENDERSON, TX 75654-3549
In care of
% PB&J SERVICES INC
Principal officer (990 for 2022)
JOHN CLARY, 400 W MAIN, HENDERSON, TX 75652
Signed the 990
JOHN CLARY, EXECUTIVE DIRECTOR
Phone
(903) 392-0447
Return prepared by
P B & J Services Inc

Mission

PROMOTE ECONOMIC GROWTH AND CREATION OF JOBS

990 for the year ended September 30, 2023

Program accomplishments

  • BUSINESS DEVELOPMENT ACTIVITIES JOB CREATION INFRASTRUCTURE FOR CITY

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, 2026Not on file
2023September 30, 2024February 17, 2025Not on file

IRS record

EIN
75-2504486
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)
$14,927,822
Income (IRS master file)
$2,794,786

Filing history

FormYear endedRevenueExpensesAssetsReturn
990September 2023$2,794,786$574,278$14,927,822XML
990September 2022$2,093,285$682,497$13,411,728IRS
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 75-2504486).

Questions about HENDERSON ECONOMIC DEVELOPMENT CORPORATION

What is the EIN of HENDERSON ECONOMIC DEVELOPMENT CORPORATION?
The employer identification number (EIN) of HENDERSON ECONOMIC DEVELOPMENT CORPORATION is 75-2504486.
Is HENDERSON ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1993.
Are donations to HENDERSON ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does HENDERSON 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 HENDERSON 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 HENDERSON ECONOMIC DEVELOPMENT CORPORATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended September 2023.
Who is the principal officer of HENDERSON ECONOMIC DEVELOPMENT CORPORATION?
The 990 for the year ended September 30, 2023 names JOHN CLARY.
Who are the officers and directors of HENDERSON ECONOMIC DEVELOPMENT CORPORATION?
The 990 for the year ended September 30, 2023 lists 6 people; 0 received compensation from the organization.
How much revenue does HENDERSON ECONOMIC DEVELOPMENT CORPORATION have?
On its 990 for the year ended September 30, 2023 it reported revenue of $2,794,786, expenses of $574,278 and total assets of $14,927,822 at year end.

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