Alto Economic Development Corporation
- Assets
- $349.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Alto, TX
- Founding
- 08/2010
- Data as of
- 12/2021
- EIN
- 27-0925328
Organization Overview
Alto Economic Development Corporation is located in Alto, TX. The organization was established in 2010. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alto Economic Development Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Alto Economic Development Corporation generated $81.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $65.2k during the year ending 12/2021. While expenses have increased by 6.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
TO PROMOTE BUSINESS EXPANSION IN THE ALTO AREA THAT BUILDS A STRONGER, MORE DIVERSIFIED ECONOMY AND INCREASES THE ECONOMIC VITALITY AND WEALTH OF THE COMMUNITY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Griffith Secretary | 0 | $0 | |
James D Pearman Treasurer | 0 | $0 | |
Mary Mitchell Director | 0 | $0 | |
Carey Palmer President | 0 | $0 | |
Cody Allen Director | 0 | $0 | |
Ron Rose Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $81,249 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $66 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $81,315 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $31,859 |
| Professional fees and other payments to independent contractors | $11,730 |
| Occupancy, rent, utilities, and maintenance | $5,500 |
| Printing, publications, postage, and shipping | $116 |
| Other expenses | $15,949 |
| Total expenses | $65,154 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $136,956 |
| Other assets | $0 |
| Total assets | $349,834 |
| Total liabilities | $2,386 |
| Net assets or fund balances | $347,448 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Alto Economic Development Corporation has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Ben And Maytee Fisch Foundation Tyler, TX PURPOSE: ALTO HEALTH FOR ALL SEMINAR | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Central Oklahoma Workforce Investment Board Inc Oklahoma City, OK | $3,420,947 | $10,316,235 |
Whole Planet Foundation Austin, TX | $10,584,602 | $6,202,281 |
Frazier Revitalization Inc Dallas, TX | $12,774,298 | $14,569,658 |
Corpus Christi Area Convention And Tourist Bureau Inc Corpus Christi, TX | $2,305,137 | $5,577,829 |
Edinburg Economic Development Corporation Edinburg, TX | $67,135,031 | $9,281,578 |
Market Lubbock Economic Development Corporation Lubbock, TX | $8,726,484 | $8,303,064 |
Lubbock Economic Development Alliance Inc Lubbock, TX | $29,508,777 | $13,680,218 |
Northwest Arkansas Economic Development District Inc Harrison, AR | $3,285,809 | $5,390,544 |
Mcallen Economic Development Corporation Mcallen, TX | $25,789,547 | $5,490,638 |
Greater Brownsville Incentives Corporation Brownsville, TX | $32,068,237 | $6,507,551 |
Southern Bancorp Capital Partners Little Rock, AR | $42,438,691 | $5,768,207 |
I2e Inc Oklahoma City, OK | $27,869,803 | $5,344,576 |