Morgans Point Resort Economic Development Corporation
- Assets
- $142.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Morgans Point Resort, TX
- Founding
- Data as of
- 09/2024
- EIN
- 92-1748879
Organization Overview
Morgans Point Resort Economic Development Corporation is located in Morgans Point Resort, TX. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Morgans Point Resort Economic Development Corporation is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 09/2024, Morgans Point Resort Economic Development Corporation generated $71.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (22.5%) each year. All expenses for the organization totaled $15.2k during the year ending 09/2024. As we would expect to see with falling revenues, expenses have declined by (49.2%) per year over the past 4 years. 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
2024
Describe the Organization's Program Activity:
Part 3
IMPROVEMENTS TO PROMOTE THE COMMON GOOD AND GENERAL WELFARE OF THE PEOPLE OF MORGANS POINT RESORT, TEXAS AS PERMITTED UNDER THE DEVELOPMENT CORPORATION ACT OF 1979
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Bridges President | 40 | $0 | |
Jason Johnson Vice President | 1 | $0 | |
Terry Harrah Secretary | 1 | $0 | |
Scott Fournier Director | 1 | $0 | |
Greg Weisman Director | 1 | $0 | |
Ted Vanlier Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $71,188 |
| Total Revenue | $71,188 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $3,850 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $11,307 |
| Total expenses | $15,157 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $142,225 |
| Other assets | $0 |
| Total assets | $142,225 |
| Total liabilities | $0 |
| Net assets or fund balances | $142,225 |