Nonprofit · EIN 76-0582349
GALVESTON ECONOMIC DEVELOPMENT PARTNERSHIP INC
Tax-exempt · GALVESTON, TX 77553
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $250,030 | $303,263 | -$53,233 | $40,609 | $34,383 | $6,226 |
| December 31, 2024 | 990 | $306,449 | $292,884 | $13,565 | $78,983 | $19,523 | $59,460 |
| December 31, 2023 | 990 | $269,883 | $281,967 | -$12,084 | $45,894 | $0 | $45,894 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $185,225
- Investment income
- $14,355
- Other revenue
- $50,450
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $106,269
- Salaries, compensation and benefits (total)
- $144,397
- Professional fundraising fees
- $0
- Accounting fees
- $2,702
- Program services (functional)
- $303,263
Balance sheet and other
- Total assets, start of year
- $78,983
- Total assets, end of year
- $40,609
- Total liabilities, end of year
- $34,383
- Net assets, end of year
- $6,226
- Net assets without donor restrictions
- $6,226
- Gross receipts
- $250,030
- Employees
- 5
- Volunteers
- 0
- Year formed
- 1998
- 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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| VICTOR PIERSON | DIRECTOR Trustee or director | 1 | $0 |
| JOHNNY SMECCA | DIRECTOR Trustee or director | 1 | $0 |
| TODD SULLIVAN | DIRECTOR Trustee or director | 1 | $0 |
| GALE BURKETT | DIRECTOR Trustee or director | 1 | $0 |
| HOWIE BENTLEY | DIRECTOR Trustee or director | 1 | $0 |
| KEITH BASSETT | DIRECTOR Trustee or director | 1 | $0 |
| CRAIG BROWN | DIRECTOR Trustee or director | 1 | $0 |
| TODD SCOTT | DIRECTOR Trustee or director | 1 | $0 |
| BERT BAGLEY | DIRECTOR Trustee or director | 1 | $0 |
| RYAN DUGGAN | DIRECTOR Trustee or director | 1 | $0 |
| MIKE FOSSUM | DIRECTOR Trustee or director | 1 | $0 |
| MARIE ROBB | DIRECTOR Trustee or director | 1 | $0 |
| MAUREEN PATTON | DIRECTOR Trustee or director | 1 | $0 |
| DILAN GOODWIN | DIRECTOR Trustee or director | 1 | $0 |
| FRED RASCHKE | DIRECTOR Trustee or director | 1 | $0 |
16 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DARRELL CARNEY | DIRECTOR Trustee or director | 1 | $0 |
| JOHN KELSO | DIRECTOR Trustee or director | 1 | $0 |
| BRIAN MAXWELL | DIRECTOR Trustee or director | 1 | $0 |
| MARTY MILES | DIRECTOR Trustee or director | 1 | $0 |
| JASON MILLS | DIRECTOR Trustee or director | 1 | $0 |
| RODGER REES | DIRECTOR Trustee or director | 1 | $0 |
| JOCHEN REISER | DIRECTOR Trustee or director | 1 | $0 |
| MICHELLE ROBINSON | DIRECTOR Trustee or director | 1 | $0 |
| GINA SPAGNOLA | DIRECTOR Trustee or director | 1 | $0 |
| VJ TRAMONTE | DIRECTOR Trustee or director | 1 | $0 |
| MATTHEW NEIGHBORS | DIRECTOR Trustee or director | 1 | $0 |
| BILL COLTZER | CHAIRMAN Officer | 1 | $0 |
| ALLAN RASMUSSSEN | TREASURER Officer | 2 | $0 |
| JONATHAN HALE | VICE CHAIRMAN Officer | 1 | $0 |
| JOSEPH ROZIER | SECRETARY Officer | 2 | $0 |
| MYLES SHELTON | PAST CHAIRMAN Officer | 1 | $0 |
990 for the year ended December 31, 2024: 24 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| VICTOR PIERSON | DIRECTOR Trustee or director | 1 | $0 |
| JOHNNY SMECCA | DIRECTOR Trustee or director | 1 | $0 |
| TODD SULLIVAN | DIRECTOR Trustee or director | 1 | $0 |
| GALE BURKETT | DIRECTOR Trustee or director | 1 | $0 |
| HOWIE BENTLEY | DIRECTOR Trustee or director | 1 | $0 |
| ROBERT TINNIN | DIRECTOR Trustee or director | 1 | $0 |
| ALLAN RASMUSSSEN | DIRECTOR Trustee or director | 1 | $0 |
| TODD SCOTT | DIRECTOR Trustee or director | 1 | $0 |
| BERT BAGLEY | DIRECTOR Trustee or director | 1 | $0 |
| LEONARD WOOSLEY | DIRECTOR Trustee or director | 1 | $0 |
| LEONARD HALE | DIRECTOR Trustee or director | 1 | $0 |
| MARIE ROBB | DIRECTOR Trustee or director | 1 | $0 |
| MAUREEN PATTON | DIRECTOR Trustee or director | 1 | $0 |
| JAYSON LEVY | DIRECTOR Trustee or director | 1 | $0 |
| FRED RASCHKE | DIRECTOR Trustee or director | 1 | $0 |
| DARRELL CARNEY | DIRECTOR Trustee or director | 1 | $0 |
| TIM WALSH | DIRECTOR Trustee or director | 1 | $0 |
| KEITH PALMER | DIRECTOR Trustee or director | 1 | $0 |
| SHRUB KEMPNER | DIRECTOR Trustee or director | 1 | $0 |
| BILL COLTZER | VICE CHAIRMAN Officer | 1 | $0 |
| WILLIAM RIDER | TREASURER Officer | 2 | $0 |
| MYLES SHELTON | CHAIRMAN Officer | 1 | $0 |
| JOHN KELSO | SECRETARY Officer | 2 | $0 |
| KEITH BASSETT | PAST CHAIRMAN Officer | 1 | $0 |
990 for the year ended December 31, 2023: 26 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| RAYMOND KEITH GRAY | EXEC DIRECTOR Trustee or director | 40 | $92,531 | $12,469 | $4,800 |
| VICTOR PIERSON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JOHNNY SMECCA | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| TODD SULLIVAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| GALE BURKETT | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| HOWIE BENTLEY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JASON FARMER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JESSICA SANFORD | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JIMMY RASMUSSSEN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| TODD SCOTT | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BERT BAGLEY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| LEONARD WOOSLEY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| LEONARD HALE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MARIE ROBB | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| MAUREEN PATTON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| JAYSON LEVY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| FRED RASCHKE | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DARRELL CARNEY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| TIM WALSH | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KEITH PALMER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SHRUB KEMPNER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| BILL COLTZER | VICE CHAIRMAN Officer | 1 | $0 | $0 | $0 |
| WILLIAM RIDER | TREASURER Officer | 2 | $0 | $0 | $0 |
| MYLES SHELTON | CHAIRMAN Officer | 1 | $0 | $0 | $0 |
| JOHN KELSO | SECRETARY Officer | 2 | $0 | $0 | $0 |
| KEITH BASSETT | PAST CHAIRMAN Officer | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 8029, GALVESTON, TX 77553-8029
- In care of
- % JIMMY RASMUSSEN
- Principal officer (990 for 2025)
- BILL COLTZER, PO BOX 8029, GALVESTON, TX 77553
- Signed the 990
- BILL COLTZER, CHAIRMAN
- Phone
- (409) 770-0216
- Website
- WWW.GEDP.ORG
- Return prepared by
- HAM LANGSTON & BREZINA LLP
Mission
PROMOTE AND DEVELOP ECONOMIC DEVELOPMENT ACTIVITIES
Program accomplishments
- TO UTILIZE BROAD-BASED COMMUNITY SUPPORT FOR THE EXPANSION OF GALVESTON ISLAND'S ECONOMIC AND TAX BASES.Expenses $303,263
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
- 76-0582349
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2002
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $40,609
- Income (IRS master file)
- $250,030
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $250,030 | $303,263 | $40,609 | XML |
| 990 | December 2024 | $306,449 | $292,884 | $78,983 | XML |
| 990 | December 2023 | $269,883 | $281,967 | $45,894 | XML |
| 990 | December 2022 | $261,566 | $260,657 | $60,988 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 76-0582349).
Questions about GALVESTON ECONOMIC DEVELOPMENT PARTNERSHIP INC
- What is the EIN of GALVESTON ECONOMIC DEVELOPMENT PARTNERSHIP INC?
- The employer identification number (EIN) of GALVESTON ECONOMIC DEVELOPMENT PARTNERSHIP INC is 76-0582349.
- Is GALVESTON ECONOMIC DEVELOPMENT PARTNERSHIP INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2002.
- Are donations to GALVESTON ECONOMIC DEVELOPMENT PARTNERSHIP INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does GALVESTON ECONOMIC DEVELOPMENT PARTNERSHIP INC 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 GALVESTON ECONOMIC DEVELOPMENT PARTNERSHIP INC 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 GALVESTON ECONOMIC DEVELOPMENT PARTNERSHIP INC 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 GALVESTON ECONOMIC DEVELOPMENT PARTNERSHIP INC?
- The 990 for the year ended December 31, 2025 names BILL COLTZER.
- Who are the officers and directors of GALVESTON ECONOMIC DEVELOPMENT PARTNERSHIP INC?
- The 990 for the year ended December 31, 2025 lists 31 people; 0 received compensation from the organization.
- How much revenue does GALVESTON ECONOMIC DEVELOPMENT PARTNERSHIP INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $250,030, expenses of $303,263 and total assets of $40,609 at year end.
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