Maverick County Development Corp
- Assets
- $762.5k
- Revenue
- $327.4k
- Investments
- $0.0
- Employees
- 2
- Location
- Eagle Pass, TX
- Founding
- 07/1957
- Data as of
- 12/2016
- EIN
- 74-6072152
Organization Overview
Maverick County Development Corp is located in Eagle Pass, TX. The organization was established in 1957. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2016, Maverick County Development Corp employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maverick County Development Corp 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 12/2016, Maverick County Development Corp generated $327.4k in total revenue. All expenses for the organization totaled $149.0k during the year ending 12/2016. While expenses have increased by 0.4% per year over the past 2 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2016
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE MAVERICK COUNTY, TEXAS ECONOMIC CLIMATE BY ATTRACTING NEW BUSINESS, NEW EMPLOYMET OPPORTUNITIES AND GENERAL ECONOMIC FOR THE COUNTY AND CITY OF EAGLE PASS, TX.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WITH THE ECONOMIC SITUTATION BEING AS IT WAS OUR EFFORTS WERE DIFFICULT TO ATTRACT NEW BUSINESS AND INDUSTRIES TO OUR AREA. HOWEVER WE INVOLVED OUR SELFS IN WORKSHOPS, ECONOMIC SEMINARS, TRADE INDUSTRIAL SHOWS AND ANY OTHER SHOWS WHERE WE COULD BRING ATTENTION TO OUR ORGANIZATIONAL PURPOSE. OUR ATTENTION WAS ALSO DIRECTED TOWARDS THE MEXICAN INDUSTRIES THAT ARE ALWAYS LOOKING TO THE U.S. AND THE LARGE SOUTH TEXAS MARKET. ALL IN ALL OUR YEAR WAS NOT VERY PRODUCTIVE BUT WE CONTINUE TO MAKE AS MANY CONTACTS AS WE CAN AND WE HOPE THE NEW YEAR BRINGS US BETTER CONTACTS AND PROPECTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Saul Fernandez President Board | Trustee | 9 | $0 |
Hector Cerna Director | Trustee | 9 | $0 |
Rudy Rodriguez First Vice President | Trustee | 9 | $0 |
Sonia Shannon Secretary-Treasurer | Trustee | 8 | $0 |
Lewis Stock Director | Trustee | 4 | $0 |
Ramsey English Cantu Ex Officio Member | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $6,100 |
| 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 | $6,100 |
| Total Program Service Revenue | $3,000 |
| Investment income | $328 |
| 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 | $327,446 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $57,676 |
| Compensation of current officers, directors, key employees. | $17,303 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,073 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $19,430 |
| Payroll taxes | $6,036 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,430 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,762 |
| Advertising and promotion | $0 |
| Office expenses | $5,267 |
| Information technology | $576 |
| Royalties | $0 |
| Occupancy | $5,478 |
| Travel | $951 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,760 |
| Interest | $3 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,694 |
| Insurance | $2,983 |
| All other expenses | $2,551 |
| Total functional expenses | $149,027 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $193,792 |
| Savings and temporary cash investments | $30,029 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $211,244 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $327,475 |
| Total assets | $762,540 |
| Accounts payable and accrued expenses | $3,097 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,097 |
| Unrestricted restricted net Assets | $729,443 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $30,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $759,443 |