Nonprofit · EIN 86-1446893
AUSTIN ECONOMIC DEVELOPMENT COR
Tax-exempt · AUSTIN, TX 78708
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $6,024,562 | $1,857,886 | $4,166,676 | $15,948,106 | $7,942,814 | $8,005,292 |
| September 30, 2024 | 990 | $4,252,999 | $2,187,351 | $2,065,648 | $11,962,205 | $8,149,749 | $3,812,456 |
| September 30, 2023 | 990 | $2,084,729 | $1,493,520 | $591,209 | $3,390,935 | $2,808,377 | $582,558 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $5,423,563
- of which government grants
- $5,340,913
- Program service revenue
- $0
- Investment income
- $600,999
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $608,857
- Other salaries and wages
- $275,924
- Salaries, compensation and benefits (total)
- $1,110,153
- Professional fundraising fees
- $0
- Legal fees
- $179,560
- Accounting fees
- $126,726
- Occupancy
- $1,363
- Program services (functional)
- $1,229,145
- Management and general (functional)
- $628,741
Balance sheet and other
- Total assets, start of year
- $11,962,205
- Total assets, end of year
- $15,948,106
- Total liabilities, end of year
- $7,942,814
- Net assets, end of year
- $8,005,292
- Publicly traded securities
- $12,240,536
- Net assets without donor restrictions
- $7,608,322
- Gross receipts
- $6,024,562
- Employees
- 9
- Volunteers
- 36
- 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 September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Theresa Alvarez | CEO Officer | 40 | $212,268 | $39,639 |
| Ann Gatling Haynes | Chief Transactions Officer Officer | 40 | $191,858 | $32,430 |
| David Colligan | COO Officer | 40 | $166,698 | $24,010 |
| Tina Cannon | Chair Trustee or director, Officer | 3 | $0 | $0 |
| Emmett S Beliveau | Vice Chair Trustee or director, Officer | 2 | $0 | $0 |
| Jeremy Martin | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| Aaron Delao | Secretary Trustee or director, Officer | 2 | $0 | $0 |
| Bradford Patterson | Board Member Trustee or director | 1 | $0 | $0 |
| Amanda Jasso | Board Member Trustee or director | 1 | $0 | $0 |
| Carl Settles | Board Member Trustee or director | 1 | $0 | $0 |
| Awais Azhar | Board Member Trustee or director | 1 | $0 | $0 |
| Deisy Jaimes | Board Member Trustee or director | 1 | $0 | $0 |
| Mandy Demayo | Board Member Trustee or director | 1 | $0 | $0 |
| Cyndi Cummings | Board Member Trustee or director | 1 | $0 | $0 |
| Marija Jukic | Board Member Trustee or director | 1 | $0 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Garrett Groves | Board Member Trustee or director | 1 | $0 |
| Fei Dai | Board Member Trustee or director | 1 | $0 |
| Sharmila Mukherjee | Board Member Trustee or director | 1 | $0 |
| Xavier Pena | Board Member Trustee or director | 1 | $0 |
| Jeremy Striffler | Board Member Trustee or director | 1 | $0 |
| Brad Stein | Board Member Trustee or director | 1 | $0 |
990 for the year ended September 30, 2024: 22 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Theresa Alvarez | CEO Key employee | 40 | $220,089 | $27,200 |
| Ann Gatling Haynes | Chief Transactions Officerv Key employee | 40 | $202,247 | $28,097 |
| David Colligan | COO Officer | 40 | $173,704 | $21,101 |
| Tina Cannon | Chair Trustee or director, Officer | 3 | $0 | $0 |
| Emmett S Beliveau | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| Jeremy Martin | Board Member Trustee or director | 2 | $0 | $0 |
| Tamara Atkinson | Secretary Trustee or director, Officer | 2 | $0 | $0 |
| Bradford Patterson | Board Member Trustee or director | 1 | $0 | $0 |
| Amanda Jasso | Board Member Trustee or director | 1 | $0 | $0 |
| Carl Settles | Chair Trustee or director, Officer | 1 | $0 | $0 |
| Awais Azhar | Board Member Trustee or director | 1 | $0 | $0 |
| David Steinwedell | Board Member Trustee or director | 1 | $0 | $0 |
| Aaron DeLaO | Board Member Trustee or director | 1 | $0 | $0 |
| Suchitra Gururaj | Board Member Trustee or director | 1 | $0 | $0 |
| Cyndi Cummings | Board Member Trustee or director | 1 | $0 | $0 |
| Sylnovia Holt-Rabb | Board Member Trustee or director | 1 | $0 | $0 |
| Molly Beth Malcolm | Board Member Trustee or director | 1 | $0 | $0 |
| Garrett Groves | Board Member Trustee or director | 1 | $0 | $0 |
| Sharmila Mukherjee | Board Member Trustee or director | 1 | $0 | $0 |
| Xavier Pena | Board Member Trustee or director | 1 | $0 | $0 |
| Jeremy Striffler | Board Member Trustee or director | 1 | $0 | $0 |
| Brad Stein | Board Member Trustee or director | 1 | $0 | $0 |
990 for the year ended September 30, 2023: 23 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Theresa Alvarez | President and CEO Officer | 40 | $209,707 | $26,752 |
| Ann Haynes | Chief Transactions Officer Key employee | 40 | $177,461 | $29,075 |
| David Colligan | COO Key employee | 40 | $153,612 | $21,016 |
| David H Steinwedell | Chair Trustee or director, Officer | 3 | $0 | $0 |
| Carl Settles | Vice Chair Trustee or director, Officer | 2 | $0 | $0 |
| Tina Cannon | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| Xavier Pena | Secretary Trustee or director, Officer | 2 | $0 | $0 |
| Bradford Patterson | Board Member Trustee or director, Officer | 1 | $0 | $0 |
| Rosie Truelove | Board Member Trustee or director, Officer | 2 | $0 | $0 |
| Suchitra Gururaj Ph D | Board Member Trustee or director, Officer | 2 | $0 | $0 |
| Tamara Atkinson | Board Member Trustee or director | 1 | $0 | $0 |
| Awais Azhar | Board Member Trustee or director | 1 | $0 | $0 |
| Emmett S Beliveau | Board Member Trustee or director | 1 | $0 | $0 |
| Kellee Coleman | Board Member Trustee or director | 1 | $0 | $0 |
| Cyndi Cummings | Board Member Trustee or director | 1 | $0 | $0 |
| Sylnovia Holt-Rabb | Board Member Trustee or director | 1 | $0 | $0 |
| Molly Beth Malcolm | Board Member Trustee or director | 1 | $0 | $0 |
| Jeremy Martin | Board Member Trustee or director | 1 | $0 | $0 |
| Cathy McHorse | Board Member Trustee or director | 1 | $0 | $0 |
| Sharmila Mukherjee | Board Member Trustee or director | 1 | $0 | $0 |
| Matias Segura | Board Member Trustee or director | 1 | $0 | $0 |
| Jeremy Striffler | Ex-Officio Board Member Trustee or director | 1 | $0 | $0 |
| Brad Stein | Board Member Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 81847, AUSTIN, TX 78708-1847
- In care of
- % ECONOMIC DEVELOPMENT DEPARTMENT
- Principal officer (990 for 2024)
- Theresa Alvarez, 301 W 2nd Street Ste 2030, Austin, TX 78701
- Signed the 990
- Theresa Alvarez, President and CEO
- Phone
- (512) 431-6271
- Website
- rallyaustin.org
- Return prepared by
- MONTEMAYOR BRITTON BENDER CAREY PC
Mission
The Austin Economic Development Corporation stewards public and private real estate assets to create inclusive community benefits and equitable economic outcomes for Austin.
Program accomplishments
- In October 2020, recognizing the increasing pressures of rising real estate prices on affordability, equity, and the City's iconic venues and small businesses, the City of Austin created the Austin Economic Development Corporation. AEDC is a Public Real Estate Developer, working for purpose instead of profits. AEDC can speed the pace of the public response to decreasing affordability and equity by moving at the pace of the market to blend the best of public and private deal-making. AEDC is actively advancing a portfolio of projects now valued at approximately $152.2 million, providing an estimated 277,500 square feet of affordable housing, cultural, and commercial space. Investments on East 11th Street will spur increased activity within the Black Cultural District, supportive of building and retaining culture, small businesses, and residents that represent the historic legacy. Additionally, negotiating 10 of the Cultural Trust deals to advance feasible projects, including three being announced publicly. In June 2024, AEDC rebranded as Rally Austin to better reflect its mission and community-driven focus. Organizational documents, including bylaws and board meeting minutes, are now available at rallyaustin.org. Investments on East 11th Street will spur increased activity within the Black Cultural District, supportive of building and retaining culture, small businesses, and residents that represent the historic legacy. Additionally, negotiating 10 of the Cultural Trust deals to advance feasible projects, including three being announced publicly. In June 2024, AEDC rebranded as Rally Austin to better reflect its mission and community-driven focus. Organizational documents, including bylaws and board meeting minutes, are now available at rallyaustin.org.Expenses $1,229,145
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 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 86-1446893
- 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
- 2023
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20)
- Assets (IRS master file)
- $15,948,106
- Income (IRS master file)
- $6,024,562
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $6,024,562 | $1,857,886 | $15,948,106 | XML |
| 990 | September 2024 | $4,252,999 | $2,187,351 | $11,962,205 | XML |
| 990 | September 2023 | $2,084,729 | $1,493,520 | $3,390,935 | XML |
| 990 | September 2022 | $811,442 | $820,093 | $379,833 | 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 86-1446893).
Questions about AUSTIN ECONOMIC DEVELOPMENT COR
- What is the EIN of AUSTIN ECONOMIC DEVELOPMENT COR?
- The employer identification number (EIN) of AUSTIN ECONOMIC DEVELOPMENT COR is 86-1446893.
- Is AUSTIN ECONOMIC DEVELOPMENT COR tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to AUSTIN ECONOMIC DEVELOPMENT COR tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does AUSTIN ECONOMIC DEVELOPMENT COR 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 AUSTIN ECONOMIC DEVELOPMENT COR due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did AUSTIN ECONOMIC DEVELOPMENT COR 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 AUSTIN ECONOMIC DEVELOPMENT COR?
- The 990 for the year ended September 30, 2025 names Theresa Alvarez.
- Who are the officers and directors of AUSTIN ECONOMIC DEVELOPMENT COR?
- The 990 for the year ended September 30, 2025 lists 21 people; 3 received compensation from the organization, the highest $212,268 (Theresa Alvarez, CEO).
- How much revenue does AUSTIN ECONOMIC DEVELOPMENT COR have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $6,024,562, expenses of $1,857,886 and total assets of $15,948,106 at year end.
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