Nonprofit · EIN 76-0573917
WHARTON ECONOMIC DEVELOPMENT CORP
Tax-exempt · WHARTON, TX 77488
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $1,156,159 | $966,926 | $189,233 | $2,214,063 | $9,023,653 | -$6,809,590 |
| September 30, 2024 | 990 | $1,112,654 | $591,448 | $521,206 | $2,196,289 | $9,181,033 | -$6,984,744 |
| September 30, 2023 | 990 | $1,067,207 | $1,043,047 | $24,160 | $1,797,736 | $9,303,686 | -$7,505,950 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $1,086,751
- of which government grants
- $1,086,751
- Program service revenue
- $0
- Investment income
- $69,408
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $129,692
- Other salaries and wages
- $61,289
- Salaries, compensation and benefits (total)
- $245,066
- Professional fundraising fees
- $0
- Legal fees
- $11,448
- Accounting fees
- $26,051
- Depreciation
- $910
- Program services (functional)
- $485,174
- Management and general (functional)
- $481,752
Balance sheet and other
- Total assets, start of year
- $2,196,289
- Total assets, end of year
- $2,214,063
- Total liabilities, end of year
- $9,023,653
- Net assets, end of year
- -$6,809,590
- Land, buildings and equipment
- $392,743
- Net assets without donor restrictions
- -$6,809,590
- Gross receipts
- $1,156,159
- Employees
- 3
- Year formed
- 2000
- 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 |
|---|---|---|---|
| COURTLAND HOLMAN | EXECUTIVE DI Trustee or director | 40 | $129,692 |
| ANDREW ARMOUR | SECRETARY Trustee or director | – | $0 |
| DAVID JOOST | MEMBER Trustee or director | – | $0 |
| RUSSELL MACHANN | MEMBER Trustee or director | – | $0 |
| FREDDIE PEKAR | PRESIDENT Trustee or director | – | $0 |
| LARRY PITTMAN | MEMBER Trustee or director | – | $0 |
| MICHAEL ROBERSON | TREASURER Trustee or director | – | $0 |
990 for the year ended September 30, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOSHUA OWENS | FORMER EXEC Trustee or director | 40 | $104,000 |
| ANDREW ARMOUR | SECRETARY Trustee or director | – | $0 |
| ALICE HEARD-ROBERTS | MEMBER Trustee or director | – | $0 |
| COURTLAND HOLMAN | EXECUTIVE DI Trustee or director | – | $0 |
| RUSSELL MACHANN | MEMBER Trustee or director | – | $0 |
| FREDDIE PEKAR | PRESIDENT Trustee or director | – | $0 |
| LARRY PITTMAN | MEMBER Trustee or director | – | $0 |
| MICHAEL ROBERSON | TREASURER Trustee or director | – | $0 |
| MICHAEL WOOTTON | VICE PRESIDE Trustee or director | – | $0 |
990 for the year ended September 30, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOSHUA OWENS | EXECUTIVE DI Trustee or director | 40 | $97,333 |
| ANDREW ARMOUR | SECRETARY Trustee or director | – | $0 |
| ALICE HEARD-ROBERTS | MEMBER Trustee or director | – | $0 |
| RUSSELL MACHANN | MEMBER Trustee or director | – | $0 |
| FREDDIE PEKAR | PRESIDENT Trustee or director | – | $0 |
| LARRY PITTMAN | MEMBER Trustee or director | – | $0 |
| MICHAEL ROBERSON | TREASURER Trustee or director | – | $0 |
| MICHAEL WOOTTON | VICE PRESIDE Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- 1944 N FULTON ST, WHARTON, TX 77488-2845
- In care of
- % DAVID L SCHROEDER
- Principal officer (990 for 2024)
- COURTLAND HOLMAN, 1944 N FULTON STREET, WHARTON, TX 77488
- Signed the 990
- COURTLAND HOLMAN, EXECUTIVE DIRECTOR
- Phone
- (979) 532-0999
- Website
- WHARTONEDC.COM
- Return prepared by
- HARRISON WALDROP & UHEREK LLP
Mission
TO DEVELOP A POSITIVE CLIMATE FOR BUSINESSES AND INDUSTRIAL GROWTH AND INVESTMENT; ASSIST IN THE CREATION OF JOBS; INCREASE THE TAX BASE OF THE VARIOUS TAXING ENTITIES; DIVERSIFY THE LOCAL ECONOMY TO MAKE IT MORE IMPERVIOUS TO STATE AND NATIONAL ECONOMIC RECESSION; AND MAKE PLANS AND TAKE NECESSARY ACTIONS TO INSURE THAT ALL NECESSARY INFRASTRUCTURE IS IN PLACE TO ALLOW FOR PROPER DEVELOPMENT OF WHARTON, TEXAS.
Program accomplishments
- ECONOMIC DEVELOPMENT PROGRAMS BENEFIT THE APPROXIMATELY 9,500 RESIDENTS OF WHARTON, TEXAS. THEY PRESERVE, PROTECT, ENHANCE, AND ENCOURAGE ACTIVITY IN THE EXISTING BUILDINGS IN DOWNTOWN AND ON THE GATEWAYS OF WHARTON, TEXAS.
- ECONOMIC DEVELOPMENT PROGRAMS BENEFIT THE APPROXIMATELY 9,500 RESIDENTS OF WHARTON, TEXAS. THEY PRESERVE, PROTECT, ENHANCE, AND ENCOURAGE ACTIVITY IN THE EXISTING BUILDINGS IN DOWNTOWN AND ON THE GATEWAYS OF WHARTON, TEXAS.Expenses $485,174
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
- 76-0573917
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2001
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $2,214,063
- Income (IRS master file)
- $1,156,159
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $1,156,159 | $966,926 | $2,214,063 | XML |
| 990 | September 2024 | $1,112,654 | $591,448 | $2,196,289 | XML |
| 990 | September 2023 | $1,067,207 | $1,043,047 | $1,797,736 | XML |
| 990 | September 2022 | $922,716 | $10,242,158 | $1,922,038 | 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 76-0573917).
Questions about WHARTON ECONOMIC DEVELOPMENT CORP
- What is the EIN of WHARTON ECONOMIC DEVELOPMENT CORP?
- The employer identification number (EIN) of WHARTON ECONOMIC DEVELOPMENT CORP is 76-0573917.
- Is WHARTON ECONOMIC DEVELOPMENT CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to WHARTON ECONOMIC DEVELOPMENT CORP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WHARTON ECONOMIC DEVELOPMENT CORP 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 WHARTON ECONOMIC DEVELOPMENT CORP 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 WHARTON ECONOMIC DEVELOPMENT CORP 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 WHARTON ECONOMIC DEVELOPMENT CORP?
- The 990 for the year ended September 30, 2025 names COURTLAND HOLMAN.
- Who are the officers and directors of WHARTON ECONOMIC DEVELOPMENT CORP?
- The 990 for the year ended September 30, 2025 lists 7 people; 1 received compensation from the organization, the highest $129,692 (COURTLAND HOLMAN, EXECUTIVE DI).
- How much revenue does WHARTON ECONOMIC DEVELOPMENT CORP have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $1,156,159, expenses of $966,926 and total assets of $2,214,063 at year end.
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- KAPEESH CARES INC EIN 84-4576825 · last filed 990-N for 2024
- WHARTON COUNTY YOUTH FAIR AND EXPOSITION EIN 74-1850446 · last filed 990 for 2025
- SMILING DOG FARMS EIN 26-1737259 · last filed 990 for 2024
- MARY LOUISE DOBSON FOUNDATION EIN 76-0690889 · last filed 990-PF for 2025
- WHARTON COUNTY JUNIOR COLLEGE FOUNDATION EIN 74-6062916 · last filed 990 for 2025
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All nonprofits in WHARTON · Texas · Community improvement and capacity building