Interesting data from their 2020 990 filing

The non-profit's aim, as indicated in the filing, is “The texas economic development corporation is an independently funded and operated 501(c)(3) nonprofit organization responsible for marketing and promoting texas as a premier business location.”.

When referring to its functions, they were specified as: “The texas economic development corporation ("tx edc") was established by the texas legislature to support the programs and activities of the office of the governor - trusteed programs - division of economic development and tourism through promotion of economic development and job creation in texas. tx edc is funded through private contributions by businesses, organizations and individuals interested in the promotion of the business climate, economic development, and job creation in the state of texas.”.

• The non-profit has reported their operating state as TX, as required by law.
• As stated in the filing, the non-profit's address in 2020 was PO BOX 684702, AUSTIN, TX, 78768.
• The non-profit's form reports a total of 5 employees as of 2020.
• Does not operate a hospital.
• Does not operate a school.
• Does not collect art.
• Does not provide credit counseling.
• Has foreign activities.
• Is not a donor-advised fund.
• Is not a private foundation.
• Expenses are greater than $1,000,000.
• Revenue is greater than $1,000,000.
• Revenue less expenses is $1,272,936.
• The remuneration of the CEO of the organization is not determined through an impartial review and approval process.
• The organization has a written policy that describes how long it will retain documents.
• The organization has 5 independent voting members.
• The organization was formed in 1991.
• The organization has a written policy that addresses conflicts of interest.
• The organization is required to file Schedule B.
• The organization is required to file Schedule J.
• The organization is required to file Schedule O.
• The organization pays $1,250,918 in salary, compensation, and benefits to its employees.
• The organization pays $287,934 in fundraising expenses.
• The organization provides Form 990 to its governing body.
• The organization has minutes of its meetings.
• The organization has a written whistleblower policy.
• The organization's financial statements were reviewed by an accountant.