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Bertram Economic Development Corporation FY2024 filing

Not tax-deductible

Bertram, TX501(c)(4)Since 2002Community DevelopmentEIN 33-1019490Revenue $193K in FY2024

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.

88¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2024 · 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
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
165 mo
of spending, in cash
Looks good: 165.4 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
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$193K
+20% vs prior year
Spent
$59K
To programs
88%
Net assets
$807K
By yearFY2020–FY2025
Revenue
$193K
FY2024▲ +20%
Tap a bar for its year
Revenue by fiscal year
FY2020$93K
FY2021$105K
FY2022$173K
FY2023$161K
FY2024$193K
FY2025$206K
Expenses
$59K
FY2024▲ +46%
Tap a bar for its year
Expenses by fiscal year
FY2020$62K
FY2021$13K
FY2022$33K
FY2023$40K
FY2024$59K
FY2025$83K
Net assets
$807K
FY2024▲ +20%
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 FY2024 Form 990 (year ending September 2024) · see the original

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You’re viewing the FY2024 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

88 cents of each dollar spent went to programs.

Program services 88% · $51K Management & general 12% · $7K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$0Pt VII · Sec A
Evan Milliorn
Vice-President
$0Pt VII · Sec A
Katy Duke
Treasurer/Secretary
$0Pt VII · Sec A
Rachel Parks
Director
$0Pt VII · Sec A
Jim Clarke
Director
$0Pt VII · Sec A
Amie Egbert
Director
$0Pt VII · Sec A
Ann Brock
Alternate 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.

Questions for Bertram Economic Development Corporation

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Provided by the organization

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2 programs · $51K · in their own filed words · FY2023
01

City of bertram capital projects

$49Kprogram expense
02

Business grants

$2Kprogram 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 FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$193K
Ln 12
Gifts and grantsLn 1h$166K
Investment incomeLn 3$27K
Money outPt IX
$59K
Ln 25
Programscol B$51K
Managementcol C$7K
Owns and owesPt X
$807K
net assets · Ln 32
Cash and savingsLn 1–2$807K
Total assetsLn 16$807K
LiabilitiesLn 26$0
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$166K
Government grantsLn 1e$166K
Investment incomeLn 3$27K
Total revenueLn 12$193K
Assets in detailPt X, end of year
SavingsLn 2$807K
Cash and savings togetherLn 1–2$807K
Total assetsLn 16$807K
LiabilitiesLn 26$0
Net assetsLn 32$807K
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 FY24End FY24
Cash and savingsLn 1–2$506K$807K
Total assetsLn 16$672K$807K
LiabilitiesLn 26$0$0
Net assetsLn 32$672K$807K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$2K$2K
Accounting feesLn 11c$41$41
Advertising and promotionLn 12$6K$6K
Office expensesLn 13$77$77
Information technologyLn 14$389$389
Other expenses (24a–d)Ln 24$49K$49K
All other expensesLn 24e$50$50
Total functional expensesLn 25$59K$51K$7K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $206K$83K$122K$929K 990 PDF
FY2024 Viewing $193K$59K$135K$807K 990 PDF
FY2023 $161K$40K$121K$672K 990 PDF
FY2022 $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 FY2024 990 (6 parts)
Part I · Summary $193,284 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $151,735$166,361
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $9,736$26,923
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $161,471$193,284
I-13 Grants and similar amounts paidPrior year $8,000$2,123
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $32,098$56,404
I-18 Total expensesPrior year $40,098$58,527
I-19 Revenue less expensesPrior year $121,373$134,757
Part VI · Governance 9 of 9 board members independent, 4 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
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 $193,284 across 4 lines filed
VIII-1e Government grants$166,361
VIII-1h Total contributions, gifts and grants$166,361
VIII-3 Investment incomeExcluded from tax $26,923$26,923
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $26,923$193,284
Part IX · Statement of functional expenses $58,527 across 7 lines filed
IX-1 Grants to domestic organizationsPrograms $2,123$2,123
IX-11c Accounting feesManagement $41$41
IX-12 Advertising and promotionManagement $6,500$6,500
IX-13 Office expensesManagement $77$77
IX-14 Information technologyManagement $389$389
IX-24 Other expenses (24a–d)Programs $49,347$49,347
IX-24e All other expensesManagement $50$50
IX-25 Total functional expensesPrograms $51,470 · Management $7,057 · Fundraising $0$58,527
Part X · Balance sheet $806,848 assets, 6 lines filed
X-2 Savings and temporary cash investmentsStart of year $505,704$806,848
X-16 Total assetsStart of year $672,091$806,848
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $672,091$806,848
X-32 Total net assets or fund balancesStart of year $672,091$806,848
X-33 Total liabilities and net assetsStart of year $672,091$806,848
Part XI · Reconciliation of net assets $806,848 net assets at year end
XI-1 Total revenue$193,284
XI-2 Total expenses$58,527
XI-3 Revenue less expenses$134,757
XI-4 Net assets at start of year$672,091
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$806,848

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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