Brazos Valley Economic Development Corporation
- Assets
- $2.6m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Bryan, TX
- Founding
- 11/1991
- Data as of
- 09/2022
- EIN
- 76-0320089
Organization Overview
Brazos Valley Economic Development Corporation is located in Bryan, TX. The organization was established in 1991. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, 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. Brazos Valley 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 09/2022, Brazos Valley Economic Development Corporation generated $1.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $1.4m during the year ending 09/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND FACILITATE ACTIVITIES THAT ENHANCE THE ECONOMIC BASE THROUGHT BRAZOS COUNTY
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTINUED WORK ON ATTRACTING NEW NON-RETAIL BUSINESSES TO THE LOCAL AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Prochaska President | Officer | 40 | $222,650 |
Seth Mckinney Chairman | OfficerTrustee | 1 | $0 |
Amos Mcdonald Treasurer | OfficerTrustee | 1 | $0 |
Clint Cooper Past Chair | OfficerTrustee | 1 | $0 |
Katherine Kleeman Chair Elect | OfficerTrustee | 1 | $0 |
Bobby Guiterrez Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,400,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $439,042 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,839,042 |
| Total Program Service Revenue | $56,013 |
| Investment income | $4,526 |
| 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 | $1,899,581 |
| 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. | $222,650 |
| Compensation of current officers, directors, key employees. | $22,265 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $353,140 |
| Pension plan accruals and contributions | $54,857 |
| Other employee benefits | $27,071 |
| Payroll taxes | $42,645 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,188 |
| Fees for services: Accounting | $29,958 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $23,226 |
| Advertising and promotion | $0 |
| Office expenses | $20,400 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $66,622 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $66,954 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,624 |
| Insurance | $1,511 |
| All other expenses | $8,678 |
| Total functional expenses | $1,397,581 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,507,492 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $58,842 |
| 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 | $12,479 |
| Net Land, buildings, and equipment | $25,854 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,604,667 |
| Accounts payable and accrued expenses | $14,739 |
| 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 | $34,164 |
| Total liabilities | $48,903 |
| Net assets without donor restrictions | $2,550,764 |
| Net assets with donor restrictions | $5,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,604,667 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Brazos Valley Economic Development Corporation has recieved totaling $84,000.
| Awarding Organization | Amount |
|---|---|
Twin City Endowment Inc Bryan, TX PURPOSE: ECONOMIC DEVELOPMENT GRANT | $84,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Butterfield Trail Village Incorporated Fayetteville, AR | $73,135,439 | $22,090,800 |
The Tulsa Jewish Community Retirement And Health Care Center Tulsa, OK | $24,377,632 | $17,313,763 |
Glen Retirement System Shreveport, LA | $63,632,764 | $16,204,462 |
St Simeons Episcopal Home Inc Tulsa, OK | $25,094,852 | $15,031,463 |
Texhoma Christian Care Center Inc Wichita Falls, TX | $26,314,068 | $16,288,566 |
Holly Hall Houston, TX | $41,986,863 | $13,201,655 |
El Castillo Retirement Residences Santa Fe, NM | $122,205,602 | $11,771,221 |
Presbyterian Manor Inc Wichita Falls, TX | $39,159,045 | $12,083,758 |
Juliette Fowler Communities Inc Dallas, TX | $15,521,838 | $13,133,118 |
Trinity Village Inc Pine Bluff, AR | $8,362,799 | $10,022,194 |
Somerset Senior Living At Premier Hot Springs, AR | $4,163,438 | $11,521,132 |
Parkway Village Inc Little Rock, AR | $46,357,587 | $10,218,970 |