Nonprofit · EIN 76-0455833
MATAGORDA CO ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt · BAY CITY, TX 77414
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $248,675 | $260,419 | -$11,744 | $737,803 | $2,699 | $735,104 |
| December 31, 2024 | 990 | $231,459 | $255,003 | -$23,544 | $749,237 | $2,429 | $746,808 |
| December 31, 2023 | 990 | $153,463 | $230,266 | -$76,803 | $772,670 | $2,318 | $770,352 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $219,100
- of which government grants
- $215,800
- Membership dues
- $800
- Program service revenue
- $0
- Investment income
- $24,949
- Other revenue
- $4,626
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $143,328
- Salaries, compensation and benefits (total)
- $168,128
- Professional fundraising fees
- $0
- Accounting fees
- $6,680
- Travel
- $1,288
- Depreciation
- $10,186
- Program services (functional)
- $233,206
- Management and general (functional)
- $27,213
Balance sheet and other
- Total assets, start of year
- $749,237
- Total assets, end of year
- $737,803
- Total liabilities, end of year
- $2,699
- Net assets, end of year
- $735,104
- Land, buildings and equipment
- $15,279
- Publicly traded securities
- $51,853
- Gross receipts
- $248,675
- Employees
- 1
- Year formed
- 1995
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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JESSICA RUSSELL | PRESIDENT Trustee or director, Officer | – | $0 |
| KANDAS GRAHAM | VICE PRESIDE Trustee or director, Officer | – | $0 |
| MIKE ESTLINBAUM | SECRETARY Trustee or director, Officer | – | $0 |
| MATTHEW ASHCRAFT | TREASURER Trustee or director, Officer | – | $0 |
| BOBBY SEIFERMAN | DIRECTOR Trustee or director | – | $0 |
| MITCH THAMES | DIRECTOR Trustee or director | – | $0 |
| CATHY GANN | DIRECTOR Trustee or director | – | $0 |
| KAREN RESTIVO | DIRECTOR Trustee or director | – | $0 |
| MATTHEW ASHCRAFT | DIRECTOR Trustee or director | – | $0 |
| HUYEN TRAN | DIRECTOR Trustee or director | – | $0 |
| JIM FOLSE | DIRECTOR Trustee or director | – | $0 |
990 for the year ended December 31, 2024: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BOBBY SEIFERMAN | PRESIDENT Trustee or director, Officer | – | $0 |
| KANDAS GRAHAM | VICE PRESIDE Trustee or director, Officer | – | $0 |
| MITCH THAMES | SECRETARY Trustee or director, Officer | – | $0 |
| GEORGE HARRISON | TREASURER Trustee or director, Officer | – | $0 |
| SUE MILBERGER | DIRECTOR Trustee or director | – | $0 |
| KAREN RESTIVO | DIRECTOR Trustee or director | – | $0 |
| MATTHEW ASHCRAFT | DIRECTOR Trustee or director | – | $0 |
| PAM OLIVER | DIRECTOR Trustee or director | – | $0 |
| MIKE ESTLINBAUM | DIRECTOR Trustee or director | – | $0 |
| JESSICA RUSSELL | DIRECTOR Trustee or director | – | $0 |
| JIM FOLSE | DIRECTOR Trustee or director | – | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BOBBY SEIFERMAN | PRESIDENT Trustee or director, Officer | – | $0 |
| KANDAS GRAHAM | VICE PRESIDE Trustee or director, Officer | – | $0 |
| MITCH THAMES | SECRETARY Trustee or director, Officer | – | $0 |
| GEORGE HARRISON | TREASURER Trustee or director, Officer | – | $0 |
| SUE MILBERGER | DIRECTOR Trustee or director | – | $0 |
| KAREN RESTIVO | DIRECTOR Trustee or director | – | $0 |
| MATTHEW ASHCRAFT | DIRECTOR Trustee or director | – | $0 |
| BILL CHAPMAN | DIRECTOR Trustee or director | – | $0 |
| MIKE ESTLINBAUM | DIRECTOR Trustee or director | – | $0 |
| JESSICA RUSSELL | DIRECTOR Trustee or director | – | $0 |
| JIM FOLSE | DIRECTOR Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- 4000 AVENUE F STE A, BAY CITY, TX 77414-7742
- In care of
- % JIM FRANKSON
- Principal officer (990 for 2025)
- JESSICA RUSSELL
- Signed the 990
- JESSICA RUSSELL, PRESIDENT
- Phone
- (979) 245-8913
- Website
- MCEDC.NET
- Return prepared by
- KM&L LLC
Mission
ENCOURAGE & PROMOTE ECONOMIC DEVELOPMENT IN OR NEAR MATAGORDA COUNTY, TEXAS.
Program accomplishments
- THE MCEDC PROVIDED ECONOMIC DEVELOPMENT PROMOTION RECRUITMENT, AND SERVICES TO MANY BUSINESSES IN 2025. MCEDC HOSTED AT LEAST 9 COMPANIES FOR SITE VISITS THROUGHOUT THE YEAR AND RESPONDED TO 11 REQUESTS FOR INFORMATION AND/PROPOSALS FROM COMPANIES ACROSS THE U.S. AND ABROAD. MCEDC ALSO SUPPORTED TAX ABABTEMENT APPLICATIONS 2024.Expenses $233,206
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 76-0455833
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1995
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $737,803
- Income (IRS master file)
- $248,675
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $248,675 | $260,419 | $737,803 | IRS |
| 990 | December 2024 | $231,459 | $255,003 | $749,237 | XML |
| 990 | December 2023 | $153,463 | $230,266 | $772,670 | XML |
| 990 | December 2022 | $339,191 | $142,292 | $849,696 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 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 76-0455833).
Questions about MATAGORDA CO ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of MATAGORDA CO ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of MATAGORDA CO ECONOMIC DEVELOPMENT CORPORATION is 76-0455833.
- Is MATAGORDA CO ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1995.
- Are donations to MATAGORDA CO ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MATAGORDA CO 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 MATAGORDA CO ECONOMIC DEVELOPMENT CORPORATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MATAGORDA CO ECONOMIC DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of MATAGORDA CO ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 names JESSICA RUSSELL.
- Who are the officers and directors of MATAGORDA CO ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 lists 11 people; 0 received compensation from the organization.
- How much revenue does MATAGORDA CO ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $248,675, expenses of $260,419 and total assets of $737,803 at year end.
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