Nonprofit · EIN 85-3385566
DEKALB ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt · DE KALB, TX 75559
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $348,745 | $232,512 | $116,233 | $725,360 | $87,992 | $637,368 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $147,983
- of which government grants
- $146,003
- Program service revenue
- $132,683
- Investment income
- $68,079
- Net gain from sales of assets
- $68,079
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $155,952
- Salaries, compensation and benefits (total)
- $155,952
- Professional fundraising fees
- $0
- Accounting fees
- $7,333
- Depreciation
- $16,365
- Program services (functional)
- $183,799
- Management and general (functional)
- $48,713
Balance sheet and other
- Total assets, start of year
- $629,311
- Total assets, end of year
- $725,360
- Total liabilities, end of year
- $87,992
- Net assets, end of year
- $637,368
- Land, buildings and equipment
- $485,943
- Net assets without donor restrictions
- $637,368
- Gross receipts
- $414,306
- Employees
- 0
- Year formed
- 2020
- 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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TED PRATHER | Director Trustee or director | 0 | $0 |
| STEVE MCMICHAEL | Vice President Trustee or director, Officer | 0 | $0 |
| AARON CALVIT | President Trustee or director, Officer | 0 | $0 |
| JANA FORD | Director Trustee or director | 0 | $0 |
| JOHN MITCHELL STONE | SECRETARY/TREAS Trustee or director, Officer | 0 | $0 |
| HAGEN KNOX | Director Trustee or director | 0 | $0 |
| Lenoir Hall | Director Trustee or director | 0 | $0 |
| WILLIAM LINDSEY | EXECUTIVE DIRECTOR | 40 | $0 |
Address and contacts
- Address (IRS master file)
- 110 E GRIZZLEY ST, DE KALB, TX 75559-1802
- In care of
- % TED PRATHER
- Signed the 990
- JOHN MITCHELL STONE, SECRETARY/TREAS
- Phone
- (903) 667-2410
- Return prepared by
- SQUYRES & CO LLP
Mission
PROMOTION OF BUSINESS FOR THE CITY OF DEKALB
Program accomplishments
- PROMOTING BUSINESSES TO COME TO THE CITY OF DEKALB, TX.Expenses $183,799
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 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | Check at the IRS |
IRS record
- EIN
- 85-3385566
- 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
- 2025
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $725,360
- Income (IRS master file)
- $414,306
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $348,745 | $232,512 | $725,360 | XML |
| 990 | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | 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 85-3385566).
Questions about DEKALB ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of DEKALB ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of DEKALB ECONOMIC DEVELOPMENT CORPORATION is 85-3385566.
- Is DEKALB ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2025.
- Are donations to DEKALB ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DEKALB 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 DEKALB ECONOMIC DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DEKALB ECONOMIC DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who are the officers and directors of DEKALB ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
- How much revenue does DEKALB ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $348,745, expenses of $232,512 and total assets of $725,360 at year end.
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