Marble Falls Economic Development Corporation: Nonprofit Profile, Financials & Form 990 (EIN 74-2637990)

Revenue by fiscal year
FY2020	$3.0M
FY2021	$3.6M
FY2022	$6.4M
FY2023	$4.6M
FY2024	$4.7M
FY2025	$4.3M

Expenses by fiscal year
FY2020	$2.5M
FY2021	$2.1M
FY2022	$2.1M
FY2023	$1.9M
FY2024	$2.2M
FY2025	$2.5M

Net assets by fiscal year
FY2020	$11.8M
FY2021	$13.4M
FY2022	$17.7M
FY2023	$20.4M
FY2024	$22.9M
FY2025	$24.6M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1993.

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

Who runs it and what they're paid

11 people listed on the 990; $173K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII

Christian Fletcher

Executive Director

$172,858Pt VII · Sec A

Mark Mayfield

Vice President

$0Pt VII · Sec A

Christina McDonald City Secretary

Secretary

$0Pt VII · Sec A

Jeff Lazenby Director of Finance

Treasurer 4/2021 to 2/2025

$0Pt VII · Sec A

Wade Nickerson Director of Finance

Treasurer 6/2025 to 9/2025

$0Pt VII · Sec A

Steve Reitz

President

$0Pt VII · Sec A

Lindsay Plante

Director

$0Pt VII · Sec A

Judy Miller

Director

$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

Name	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Christian Fletcher	$172,858	$161,441	$146,836	$140,769	$139,615	$124,857

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Marble Falls 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 15aYes

Programs and updates

Attracts and supports local businesses while funding workforce development programs to provide trade certifications in plumbing, electrical, medical, and accounting fields.

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Provided by the organization

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3 programs · in their own filed words · FY2024

01

Business Improvement Grant (big) Program

To provide assistance to local businesses in improving their properties. The purpose of this program is to promote the expansion and development of new and existing business enterprises within the city of marble falls, texas, and to improve the appearance and visual character of the community.

Pt IX · col B

02

Community Leverage Program

To provide matching funds to organizations that are undertaking worthwhile projects in the community. Projects that enhance our quality of place, improve the overall well-being of the city, and maximize resources will be the types of projects that attract the attention and support of the EDC.IN the past, the edc has provided community…

Pt IX · col B

03

Workforce Development Initiative

Funds allocated for the workforce development initiative were matching funds through the texas workforce commission's high demand job training grant program. Through a consortium comprised of the edc, the marble falls independent school district, central texas college, and workforce network, inc., certifications were granted in plumbing…

Pt IX · col B

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 · 83 grants · $2.3M · 2019–2024

Marble Falls Affiliates LtdFY2024$544,092

Texas Workforce Centers of theTX · FY2024$30,000

Oos Holdings LLCFY2024$25,000

The Falls on the Colorado MuseumTX · FY2024$25,000

Unitemized GrantFY2024$10,000

St Frederick Mission OutreachTX · FY2024$10,000

Crest One LLCFY2024$10,000

Mf Scrap PropertiesFY2024$10,000

Storage FindersFY2024$10,000

Unitemized GrantFY2024$7,600

R Cockrell Enterprises LLCFY2024$6,858

Vantage VenturesFY2023$232,821

Texas Workforce Centers of theTX · FY2023$50,465

The Falls on the Colorado MuseumTX · FY2023$25,000

Oos Holdings LLCFY2023$20,000

Highland Lakes Creative ArtsTX · FY2023$14,000

Unitemized GrantFY2023$10,000

Highpoint Insurance Group LLCFY2023$10,000

See all 83 grants →

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$4.3M

Ln 12

Fees for servicesLn 2g$3.5M

Investment incomeLn 3$694K

Other incomeLn 4–11$28K

Money outPt IX

$2.5M

Ln 25

Owns and owesPt X

$24.6M

net assets · Ln 32

Cash and savingsLn 1–2$15.1M

Total assetsLn 16$38.1M

LiabilitiesLn 26$13.5M

PeoplePt VI, VII

11

listed · VII A

PaidVII A1

Voting boardVI 1a7

IndependentVI 1b7

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$3.5M

Investment incomeLn 3$694K

Other incomeLn 4–11$28K

Total revenueLn 12$4.3M

Assets in detailPt X, end of year

CashLn 1$15.1M

Cash and savings togetherLn 1–2$15.1M

Land, buildings, equipmentLn 10c$17.1M

Total assetsLn 16$38.1M

LiabilitiesLn 26$13.5M

Net assetsLn 32$24.6M

OperationsPt I, VI

EmployeesI 50

VolunteersI 67

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

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$19.6M	$15.1M
Land, buildings, equipmentLn 10c	$13.9M	$17.1M
Total assetsLn 16	$36.6M	$38.1M
LiabilitiesLn 26	$13.7M	$13.5M
Net assetsLn 32	$22.9M	$24.6M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$922K
Grants to domestic individualsLn 2	$18K
Pay of current officers, directors and key staffLn 5	$260K
Other salaries and wagesLn 7	$100K
Pension plan contributionsLn 8	$18K
Other employee benefitsLn 9	$2K
Payroll taxesLn 10	$23K
Management feesLn 11a	$14K
Legal feesLn 11b	$18K
Accounting feesLn 11c	$3K
Other fees for servicesLn 11g	$13K
Advertising and promotionLn 12	$85K
Office expensesLn 13	$11K
Information technologyLn 14	$319
OccupancyLn 16	$74K
TravelLn 17	$5K
Conferences, conventions and meetingsLn 19	$11K
InterestLn 20	$458K
Depreciation, depletion and amortizationLn 22	$421K
InsuranceLn 23	$7K
Other expenses (24a–d)Ln 24	$46K
Total functional expensesLn 25	$2.5M

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$4.3M	$2.5M	$1.7M	$24.6M	990 PDF
FY2024	$4.7M	$2.2M	$2.5M	$22.9M	990 PDF
FY2023	$4.6M	$1.9M	$2.7M	$20.4M	990 PDF
FY2022	$6.4M	$2.1M	$4.3M	$17.7M	990 PDF
FY2021	$3.6M	$2.1M	$1.5M	$13.4M	990 PDF
FY2020	$3.0M	$2.5M	$433K	$11.8M	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations

See the full FY2025 990 (6 parts)

Part I · Summary $4,254,145 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $3,692,465$3,531,288

I-10 Investment incomePrior year $967,088$694,369

I-11 Other revenuePrior year $51,746$28,488

I-12 Total revenuePrior year $4,711,299$4,254,145

I-13 Grants and similar amounts paidPrior year $691,448$939,130

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $341,377$403,626

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $1,187,601$1,166,296

I-18 Total expensesPrior year $2,220,426$2,509,052

I-19 Revenue less expensesPrior year $2,490,873$1,745,093

Part VI · Governance 7 of 7 board members independent, 3 to look at

VI-1a Voting members of the governing body7

VI-1b Independent voting members7

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-2 Family or business relationship among officers or directorsNo

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $4,254,145 across 4 lines filed

Lines not itemized here account for $17,500 of total revenue; see the IRS return.

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,531,288$3,531,288

VIII-3 Investment incomeExcluded from tax $694,369$694,369

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $10,988$10,988

VIII-12 Total revenueRelated to mission $3,559,776 · Unrelated business $0 · Excluded from tax $694,369$4,254,145

Part IX · Statement of functional expenses $2,509,052 across 21 lines filed

IX-1 Grants to domestic organizations$921,530

IX-2 Grants to domestic individuals$17,600

IX-5 Pay of current officers, directors and key staff$260,444

IX-7 Other salaries and wages$100,242

IX-8 Pension plan contributions$17,849

IX-9 Other employee benefits$2,050

IX-10 Payroll taxes$23,041

IX-11a Management fees$13,655

IX-11b Legal fees$17,561

IX-11c Accounting fees$3,250

IX-11g Other fees for services$13,300

IX-12 Advertising and promotion$84,909

IX-13 Office expenses$10,604

IX-14 Information technology$319

IX-16 Occupancy$74,027

IX-17 Travel$5,499

IX-19 Conferences, conventions and meetings$10,745

IX-20 Interest$457,811

IX-22 Depreciation, depletion and amortization$421,489

IX-23 Insurance$6,675

IX-24 Other expenses (24a–d)$46,452

IX-25 Total functional expenses$2,509,052

Part X · Balance sheet $38,127,133 assets, 12 lines filed

Asset lines not itemized here account for $3,375,000; see the IRS return.

X-1 Cash, non-interest-bearingStart of year $19,553,685$15,066,102

X-4 Accounts receivableStart of year $660,477$557,412

X-8 Inventories for sale or useStart of year $2,026,503$2,026,503

X-9 Prepaid expenses and deferred chargesStart of year $75$75

X-10c Land, buildings and equipment, netStart of year $13,906,532$17,102,041

X-16 Total assetsStart of year $36,567,573$38,127,133

X-17 Accounts payable and accrued expensesStart of year $60,832$640,299

X-25 Other liabilitiesStart of year $13,624,219$12,859,219

X-26 Total liabilitiesStart of year $13,685,051$13,499,518

X-28 Net assets with donor restrictionsStart of year $22,882,522$24,627,615

X-32 Total net assets or fund balancesStart of year $22,882,522$24,627,615

X-33 Total liabilities and net assetsStart of year $36,567,573$38,127,133

Part XI · Reconciliation of net assets $24,627,615 net assets at year end

XI-1 Total revenue$4,254,145

XI-2 Total expenses$2,509,052

XI-3 Revenue less expenses$1,745,093

XI-4 Net assets at start of year$22,882,522

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$24,627,615

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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Marble Falls Economic Development Corporation

Before you give

Is it real?

Who runs it and what they're paid

Compensation history total reportable pay by year · 1 named individual · Part VII

Questions the 990 asks

Programs and updates

Questions for Marble Falls Economic Development Corporation

Business Improvement Grant (big) Program

Community Leverage Program

Workforce Development Initiative

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV