Nonprofit · EIN 75-2706606
GAINESVILLE ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt · GAINESVILLE, TX 76240
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $2,126,008 | $1,810,608 | $315,400 | $10,564,748 | $264,401 | $10,300,347 |
| September 30, 2024 | 990 | $1,850,196 | $1,125,287 | $724,909 | $10,508,175 | $523,228 | $9,984,947 |
| September 30, 2023 | 990 | $2,728,953 | $1,013,691 | $1,715,262 | $9,630,187 | $370,149 | $9,260,038 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $1,644,144
- of which government grants
- $1,644,144
- Program service revenue
- $0
- Investment income
- $413,532
- Net rental income
- -$145,505
- Net gain from sales of assets
- $5,133
- Other revenue
- $68,332
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $259,619
- Salaries, compensation and benefits (total)
- $248,463
- Professional fundraising fees
- $0
- Legal fees
- $3,668
- Accounting fees
- $5,635
- Occupancy
- $1,420
- Travel
- $24,339
- Depreciation
- $79,868
- Program services (functional)
- $1,448,487
- Management and general (functional)
- $362,121
Balance sheet and other
- Total assets, start of year
- $10,508,175
- Total assets, end of year
- $10,564,748
- Total liabilities, end of year
- $264,401
- Net assets, end of year
- $10,300,347
- Land, buildings and equipment
- $1,594,384
- Net assets without donor restrictions
- $10,300,347
- Gross receipts
- $2,529,806
- Employees
- 0
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 |
|---|---|---|---|
| ARLEENE LLOYD | Executive Dir. Trustee or director | 40 | $0 |
| RYAN MORRIS | President Officer | 0 | $0 |
| JIM GOLDSWORTHY | Director Officer | 0 | $0 |
| LAURI JOHNSON | Director Officer | 0 | $0 |
| MARY JO DOLLAR | Secretary Officer | 0 | $0 |
| MARTIN PHILLIPS | Director Officer | 0 | $0 |
| WILL PRESSON | Vice President Officer | 0 | $0 |
| JOEY ANDERSON | Director Officer | 0 | $0 |
990 for the year ended September 30, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WILLIAM MYERS | Executive Dir. Trustee or director | 40 | $0 |
| RYAN MORRIS | President Officer | 0 | $0 |
| JIM GOLDSWORTHY | Director Officer | 0 | $0 |
| LAURI JOHNSON | Director Officer | 0 | $0 |
| MARY JO DOLLAR | Secretary Officer | 0 | $0 |
| MARTIN PHILLIPS | Director Officer | 0 | $0 |
| WILL PRESSON | Vice President Officer | 0 | $0 |
| JOEY ANDERSON | Director Officer | 0 | $0 |
990 for the year ended September 30, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WILLIAM MYERS | Executive Dir. Trustee or director | 40 | $160,735 |
| RYAN MORRIS | President Officer | 0 | $0 |
| JIM GOLDSWORTHY | Director Officer | 0 | $0 |
| LAURI JOHNSON | Director Officer | 0 | $0 |
| MARY JO DOLLAR | Secretary Officer | 0 | $0 |
| MARTIN PHILLIPS | Director Officer | 0 | $0 |
| WILL PRESSON | Vice President Officer | 0 | $0 |
| JOEY ANDERSON | Director Officer | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 200 S RUSK, GAINESVILLE, TX 76240-4866
- In care of
- % CHARLES BROWN
- Signed the 990
- WILLIAM MYERS, Executive Dir.
- Return prepared by
- JUDY SMITH CPA PLLC
Mission
TO PROVIDE ECONOMIC DEVELOPMENT INCENTIVES AND ASSISTANCE TO BUSINESSES AND INDUSTRIES WITHIN THE CITY OF GAINESVILLE.
Program accomplishments
- TO PROVIDE ECONOMIC DEVELOPMENT INCENTIVES AND ASSISTANCE TO BUSINESSES AND INDUSTRIES WITHIN THE CITY OF GAINESVILLE.Expenses $1,448,487
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
- 75-2706606
- 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
- 1999
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $10,564,748
- Income (IRS master file)
- $2,529,806
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $2,126,008 | $1,810,608 | $10,564,748 | XML |
| 990 | September 2024 | $1,850,196 | $1,125,287 | $10,508,175 | IRS |
| 990 | September 2023 | $2,728,953 | $1,013,691 | $9,630,187 | XML |
| 990 | September 2022 | $1,913,813 | $668,181 | $8,379,296 | 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 75-2706606).
Questions about GAINESVILLE ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of GAINESVILLE ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of GAINESVILLE ECONOMIC DEVELOPMENT CORPORATION is 75-2706606.
- Is GAINESVILLE ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to GAINESVILLE ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does GAINESVILLE 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 GAINESVILLE 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 GAINESVILLE 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 are the officers and directors of GAINESVILLE ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended September 30, 2025 lists 8 people; 0 received compensation from the organization.
- How much revenue does GAINESVILLE ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $2,126,008, expenses of $1,810,608 and total assets of $10,564,748 at year end.
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