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Tyler Economic Development Council

Tyler Economic Development Council

Tyler, TX
Tax ID75-2254467

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About this organization

Revenue

$1,126,500

Expenses

$2,670,491

Website

tedc.org

Mission

Support economic development of greater Tyler area.

About

The exempt purpose of TEDC, Inc. is to attract new industry to Tyler, TX and the surrounding area and to encourage growth within existing businesses. This purpose has been achieved by numerous contacts with potential new businesses and visits to the Tyler area by representatives of these businesses. Estimated value of donated services is $2,500 during the fiscal year.

Interesting data from their 2019 990 filing

The purpose of the non-profit is outlined in the filing as “Support economic development of greater tyler area.”.

When discussing its operations, they were defined as: “Support economic development of greater tyler area.”.

  • The state where the non-profit operates has been legally reported as TX.
  • The filing indicates that the non-profit's address in 2019 is located at 315 N BROADWAY SUITE 300, TYLER, TX, 75702.
  • The non-profit has reported 7 employees on their form as of 2019.
  • Does not operate a hospital.
  • Does not operate a school.
  • Does not collect art.
  • Does not provide credit counseling.
  • Does not have foreign activities.
  • Is not a donor-advised fund.
  • Is not a private foundation.
  • Expenses are between $500,000 and $1,000,000+.
  • Revenue is greater than $1,000,000.
  • Revenue less expenses is -$1,543,991.
  • The CEO compensation structure within the organization is not based on a review and approval from an impartial entity.
  • The organization has 40 independent voting members.
  • The organization was formed in 1989.
  • 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 $549,854 in salary, compensation, and benefits to its employees.
  • The organization pays $0 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.

Additional Non-Profits in the area

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