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Bertram Economic Development Corporation FY2022 filing

Not tax-deductible

Bertram, TX501(c)(4)Since 2002Community DevelopmentEIN 33-1019490Revenue $173K in FY2022

On file with the IRSbertramedc.comPo Box 1604, 78605-1604 · Bertram, TXTax-exempt since Aug 2019

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The organization was created by the city of Bertram, texas in order to fund the Economic Development projects within the city. These projects include quality of life improvements as well as projects intended to attract and retain primary employers for the city of Bertram.

96¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $107K a year · 69% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
201 mo
of spending, in cash
Looks good: 200.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$173K
+65% vs prior year
Spent
$33K
To programs
96%
Net assets
$547K
By yearFY2020–FY2025
Revenue
$173K
FY2022▲ +65%
Tap a bar for its year
Revenue by fiscal year
FY2020$93K
FY2021$105K
FY2022$173K
FY2023$161K
FY2024$193K
FY2025$206K
Expenses
$33K
FY2022▲ +145%
Tap a bar for its year
Expenses by fiscal year
FY2020$62K
FY2021$13K
FY2022$33K
FY2023$40K
FY2024$59K
FY2025$83K
Net assets
$547K
FY2022▲ +34%
Tap a bar for its year
Net assets by fiscal year
FY2020$316K
FY2021$407K
FY2022$547K
FY2023$672K
FY2024$807K
FY2025$929K

From the FY2022 Form 990 (year ending September 2022) · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Exemption reinstated (2014-02-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in Aug 2019.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $32K Management & general 4% · $1K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$0Pt VII · Sec A
Ann Brock
Alternate
$0Pt VII · Sec A
Jim Clark
Director
$0Pt VII · Sec A
Katy Duke
Treasurer
$0Pt VII · Sec A
Amie Egbert
Director
$0Pt VII · Sec A
Evan Milliorn
Vice-Preside
$0Pt VII · Sec A
Rachel Parks
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Bertram Economic Development Corporation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Funds economic development projects, improving quality of life and attracting employers.

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Provided by the organization

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2 programs · $32K · in their own filed words · FY2021
01

Business grants

$23Kprogram expense
02

City of bertram capital projects

$8Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 10 grants · $117K · 2019–2024
Bertram Community CupboardFY2024$9,900
Individual RecipientFY2024$8,000
Bertram Library Thrift StoreFY2024$8,000
Individual RecipientFY2022$8,000
Individual RecipientFY2021$13,666
City of Bertram -Vaughn Street ProjFY2021$8,200
Individual RecipientFY2020$8,000
City of BertramFY2019$39,999
Individual RecipientFY2019$6,800
Individual RecipientFY2019$6,000

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$173K
Ln 12
Gifts and grantsLn 1h$121K
Investment incomeLn 3$52K
Money outPt IX
$33K
Ln 25
Programscol B$32K
Managementcol C$1K
Owns and owesPt X
$547K
net assets · Ln 32
Cash and savingsLn 1–2$547K
Total assetsLn 16$547K
LiabilitiesLn 26$0
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$121K
Government grantsLn 1e$121K
Investment incomeLn 3$52K
Gains on assetsLn 7$50K
Total revenueLn 12$173K
Assets in detailPt X, end of year
SavingsLn 2$547K
Cash and savings togetherLn 1–2$547K
Total assetsLn 16$547K
LiabilitiesLn 26$0
Net assetsLn 32$547K
OperationsPt I, VI
EmployeesI 50
VolunteersI 69
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$407K$547K
Total assetsLn 16$407K$547K
LiabilitiesLn 26$0$0
Net assetsLn 32$407K$547K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$22K$22K
Accounting feesLn 11c$500$500
Other fees for servicesLn 11g$2K$2K
Advertising and promotionLn 12$5K$5K
Information technologyLn 14$2K$2K
Conferences, conventions and meetingsLn 19$1K$1K
Other expenses (24a–d)Ln 24$662$662
Total functional expensesLn 25$33K$32K$1K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $206K$83K$122K$929K 990 PDF
FY2024 $193K$59K$135K$807K 990 PDF
FY2023 $161K$40K$121K$672K 990 PDF
FY2022 Viewing $173K$33K$140K$547K 990 PDF
FY2021 $105K$13K$91K$407K 990 PDF
FY2020 $93K$62K$30K$316K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $172,868 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $103,330$121,282
I-9 Program service revenue$0
I-10 Investment incomePrior year $1,345$51,586
I-11 Other revenuePrior year $36$0
I-12 Total revenuePrior year $104,711$172,868
I-13 Grants and similar amounts paidPrior year $10,166$21,866
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $3,182$10,878
I-18 Total expensesPrior year $13,348$32,744
I-19 Revenue less expensesPrior year $91,363$140,124
Part VI · Governance 8 of 8 board members independent, 4 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $172,868 across 5 lines filed
VIII-1e Government grants$121,282
VIII-1h Total contributions, gifts and grants$121,282
VIII-3 Investment incomeExcluded from tax $1,504$1,504
VIII-7 Net gain or loss on sales of assetsExcluded from tax $50,082$50,082
VIII-12 Total revenueExcluded from tax $51,586$172,868
Part IX · Statement of functional expenses $32,744 across 7 lines filed
IX-1 Grants to domestic organizationsPrograms $21,866$21,866
IX-11c Accounting feesManagement $500$500
IX-11g Other fees for servicesPrograms $1,750$1,750
IX-12 Advertising and promotionPrograms $4,841$4,841
IX-14 Information technologyPrograms $1,725$1,725
IX-19 Conferences, conventions and meetingsPrograms $1,400$1,400
IX-24 Other expenses (24a–d)Management $662$662
IX-25 Total functional expensesPrograms $31,582 · Management $1,162 · Fundraising $0$32,744
Part X · Balance sheet $547,398 assets, 6 lines filed
X-2 Savings and temporary cash investmentsStart of year $407,274$547,398
X-16 Total assetsStart of year $407,274$547,398
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $407,274$547,398
X-32 Total net assets or fund balancesStart of year $407,274$547,398
X-33 Total liabilities and net assetsStart of year $407,274$547,398
Part XI · Reconciliation of net assets $547,398 net assets at year end
XI-1 Total revenue$172,868
XI-2 Total expenses$32,744
XI-3 Revenue less expenses$140,124
XI-4 Net assets at start of year$407,274
XI-10 Net assets at end of year$547,398

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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