Floresville Economic Development Corporation

Organization Overview

Floresville Economic Development Corporation is located in Floresville, TX. The organization was established in 1997. 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, Floresville Economic Development Corporation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Floresville Economic Development Corporation is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.

For the year ending 09/2021, Floresville Economic Development Corporation generated $1.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $897.4k during the year ending 09/2021. 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

THE PROMOTION AND ASSISTANCE OF ECONOMIC DEVELOPMENT IN THE CITY OF FLORESVILLE, WHICH PROMOTES EMPLOYMENT WITHIN THE CITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

DEVELOP, IMPLEMENT, PROMOTE AND FINANCE PROJECTS FOR THE CITY OF FLORESVILLE FOR THE PURPOSE OF ECONOMIC DEVELOPMENT AND TOURISM.


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Board, Officers & Key Employees

Name (title)Compensation
Ben Reed
Executive Director
$75,475
Daniel Tejada
Director
$0
Roy Idrach
Director
$0
Jacob Gaona
Director
$0
Randy Bruett
Director
$0
Ray Lamberth
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$1,035,026
Investment income $1,882
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 $1,047,047

Grants Awarded

Over the last fiscal year, Floresville Economic Development Corporation has awarded $22,500 in support to 3 organizations.

Grant RecipientAmount

COLKAM PROPERTIES INC

PURPOSE: Facade Grant

$7,500

MRS ANNIES PEANUT BRIT

PURPOSE: Facade Grant

$7,500

MATA'S CAFE

PURPOSE: Facade Grant

$7,500
View Grant Profile

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