Canadian-Hemphill County Economic Development Corporation

Organization Overview

Canadian-Hemphill County Economic Development Corporation is located in Canadian, TX. The organization was established in 1996. 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 09/2023, Canadian-Hemphill County Economic Development Corporation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Canadian-Hemphill County 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 09/2023, Canadian-Hemphill County Economic Development Corporation generated $261.6k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $186.3k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (4.9%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE CANADIAN-HEMPHILL COUNTY ECONOMIC DEVELOPMENT CORP IS ORGANIZED TO PROMOTE ECONOMIC DEVELOPMENT IN AND AROUND THE CITY OF CANADIAN, TEXAS AND HEMPHILL COUNTY, TEXAS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE CORPORATION IS ORGANIZED TO PROMOTE AND RECRUIT ECOLOGICALLY STRONG INDUSTRY TO THE CANADIAN - HEMPHILL COUNTY AREA AS WELL AS PROMOTING RETENTION AND EXPANSION OF EXISTING INDUSTRY IN THE CANADIAN - HEMPHILL COUNTY AREA.


THE CORPORATION CONTRACTS WITH THE CANADIAN - HEMPHILL COUNTY CHAMBER OF COMMERCE (THE "CHAMBER") TO OPERATE CHAMBER ACTIVITIES. THE CHAMBER PROMOTES LOCAL BUSINESSES AND THE COMMUNITY IN GENERAL. THE OPERATION OF THE CHAMBER FURTHERS ECONOMIC DEVELOPMENT IN THE CANADIAN - HEMPHILL COUNTY AREA.


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Board, Officers & Key Employees

Name (title)Compensation
Nicholas Thomas
Board Member
$0
Lawana Pulliam
Board Member
$0
Jeff Wagner
Board Member
$0
Bryan Bartlett
President
$0
Wendie Cook
Vice President
$0
Michelle Schaef
Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $200,236
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$200,236
Total Program Service Revenue$51,160
Investment income $4,944
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $4,040
Net Gain/Loss on Asset Sales $1,199
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $261,579

Grants Awarded

Over the last fiscal year, Canadian-Hemphill County Economic Development Corporation has awarded $18,000 in support to 3 organizations.

Grant RecipientAmount

FOUR K SERVICES INC

PURPOSE: JOB RETENTION

$6,000

COFFEE HEAT & AIR LLC

PURPOSE: JOB RETENTION

$5,500

PCS OILFIELD SERVICES

PURPOSE: JOB RETENTION

$6,500
View Grant Profile

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