Heb Economic Development Foundation Inc
- Assets
- $223.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Bedford, TX
- Founding
- 04/1991
- Data as of
- 09/2022
- EIN
- 75-2349404
Organization Overview
Heb Economic Development Foundation Inc is located in Bedford, TX. The organization was established in 1991. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Heb Economic Development Foundation Inc 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 09/2022, Heb Economic Development Foundation Inc generated $80.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $67.9k during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 7 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
2022
Describe the Organization's Program Activity:
Part 3
DEVELOP ECONOMIC DEMOGRAPHIC RESOURCE DATABASE TO ALLOW DISSEMINATION OF INFORMATION AND ENHANCE THE KNOWLEDGE AND MARKETABILITY OF THE HEB AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Henry Wilson Director | 1 | $0 | |
Steve Farco Treasurer | 1 | $0 | |
Joe Harrington Director (partial Year) | 0.5 | $0 | |
Loretta Getchell Director | 1 | $0 | |
Susan Shaw Director (partial Year) | 1 | $0 | |
Jimmy Stathatos Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $80,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $116 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $80,116 |
| 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 | $1,925 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $110 |
| Other expenses | $65,892 |
| Total expenses | $67,927 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $223,579 |
| Other assets | $0 |
| Total assets | $223,579 |
| Total liabilities | $0 |
| Net assets or fund balances | $223,579 |
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|---|---|---|
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