Taylor Economic Development

Organization Overview

Taylor Economic Development is located in Taylor, TX. The organization was established in 1995. 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. As of 09/2021, Taylor Economic Development employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Taylor Economic Development 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 09/2021, Taylor Economic Development generated $1.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $894.1k during the year ending 09/2021. While expenses have increased by 0.8% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROMOTE AND FACILITATE THE ECONOMIC DEVELOPMENT OF THE CITY OF TAYLOR, TX

Describe the Organization's Program Activity:

Part 3 - Line 4a

MARKETING EXPENSES IN RECRUITING NEW BUSINESS


COMMUNITY AND WORKFORCE DEVELOPMENT EXPENSES


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Board, Officers & Key Employees

Name (title)Compensation
Mark Thomas
President/ce
$144,764
Kelly Cmerek
Chairman
$0
Robert Garcia
Treasurer
$0
Sam Dowdy Sr
Secretary
$0
Joe Burgess
Director
$0
Betty Day
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$1,625,264
Investment income $6,594
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,631,858

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