Nonprofit · EIN 75-2559659
COMMERCE ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt · COMMERCE, TX 75428
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $1,026,080 | $520,025 | $506,055 | $6,439,071 | $52,736 | $6,386,335 |
| September 30, 2024 | 990 | $1,000,387 | $469,100 | $531,287 | $5,924,075 | $43,795 | $5,880,280 |
| September 30, 2023 | 990 | $1,039,544 | $192,112 | $847,432 | $5,440,387 | $91,394 | $5,348,993 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $802,849
- Investment income
- $223,231
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $100,459
- Salaries, compensation and benefits (total)
- $100,459
- Professional fundraising fees
- $0
- Legal fees
- $10,420
- Travel
- $11,308
Balance sheet and other
- Total assets, start of year
- $5,924,075
- Total assets, end of year
- $6,439,071
- Total liabilities, end of year
- $52,736
- Net assets, end of year
- $6,386,335
- Land, buildings and equipment
- $468,215
- Net assets without donor restrictions
- $6,386,335
- Gross receipts
- $1,026,080
- Employees
- 0
- 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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Scott Ward | President Trustee or director | 2 | $0 |
| Stan McKee | Director Trustee or director | 1 | $0 |
| Dan Luckett | Director Trustee or director | 1 | $0 |
| CeCe Gassner JD | Director Trustee or director | 1 | $0 |
| Michael Glas | Sec/Treas Trustee or director | 1 | $0 |
| Mandy Freeman | Director Trustee or director | 1 | $0 |
| Joe Shipman | Director Trustee or director | 1 | $0 |
| Brent Donham EdD | Director Trustee or director | 1 | $0 |
| Bonnie Hunter | Executive Dir. Officer | 40 | $0 |
990 for the year ended September 30, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Bonnie Hunter | Executive Dir. Officer | 40 | $110,248 |
| Scott Ward | President Trustee or director, Officer | 2 | $0 |
| Stan McKee | Director Trustee or director | 1 | $0 |
| Dan Luckett | Director Trustee or director | 1 | $0 |
| CeCe Gassner JD | Director Trustee or director | 1 | $0 |
| Michael Glas | Sec/Treas Trustee or director, Officer | 1 | $0 |
| Mandy Freeman | Director Trustee or director | 1 | $0 |
| Joe Shipman | Director Trustee or director | 1 | $0 |
| Brent Donham EdD | Director Trustee or director | 1 | $0 |
990 for the year ended September 30, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Bonnie Hunter | Executive Dir. Officer | 40 | $95,461 |
| Scott Ward | President Trustee or director | 2 | $0 |
| Stan McKee | Director Trustee or director | 1 | $0 |
| Dan Luckett | Director Trustee or director | 1 | $0 |
| CeCe Gassner JD | Director Trustee or director | 1 | $0 |
| Michael Glas | Sec/Treas Trustee or director | 1 | $0 |
| Mandy Freeman | Director Trustee or director | 1 | $0 |
| Joe Shipman | Director Trustee or director | 1 | $0 |
| Brent Donham EdD | Director Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1119 ALAMO ST, COMMERCE, TX 75428-2601
- In care of
- % SUE PORTER
- Principal officer (990 for 2024)
- Bonnie Hunter, 1119 Alamo Street, Commerce, TX 75428
- Signed the 990
- Bonnie Hunter, Executive Dir.
- Phone
- (903) 886-1121
- Website
- http://commercetxedc.com/
- Return prepared by
- JACOBSON LAWRENCE & ASSOCIATES PLLC
Mission
Promote and assist with economic development for the city Of Commerce, Texas.
Program accomplishments
- Promotion Of Economic Development For The City Of Commerce, Texas.
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
- 75-2559659
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1994
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $6,439,071
- Income (IRS master file)
- $1,026,080
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $1,026,080 | $520,025 | $6,439,071 | XML |
| 990 | September 2024 | $1,000,387 | $469,100 | $5,924,075 | XML |
| 990 | September 2023 | $1,039,544 | $192,112 | $5,440,387 | XML |
| 990 | September 2022 | $1,057,586 | $293,306 | $4,598,754 | 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 75-2559659).
Questions about COMMERCE ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of COMMERCE ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of COMMERCE ECONOMIC DEVELOPMENT CORPORATION is 75-2559659.
- Is COMMERCE ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1994.
- Are donations to COMMERCE ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does COMMERCE 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 COMMERCE 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 COMMERCE 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 COMMERCE ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended September 30, 2025 names Bonnie Hunter.
- Who are the officers and directors of COMMERCE 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 COMMERCE ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $1,026,080, expenses of $520,025 and total assets of $6,439,071 at year end.
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