Tye Economic Development Corporation: Financials & Form 990

Cody Ellis’s $37K as CEO is at the 50th percentile of top reported officer pay among 1022 $100K–1M recreation & sports nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

Name	FY2022	FY2021	FY2020
Cody Ellis	$36,951	$36,951	—
Jennifer Black	—	—	$13,854

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization, with a nickname or small spelling change read as the same person. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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

Updates and questions

Drives economic growth and development for the City of Tye, Texas.

Our summary of the filed mission and programs (Form 990 Part III, line 4), not the words of the organization.

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By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$478K

Ln 12

Fees for servicesLn 2g$435K

Investment incomeLn 3$28K

Other incomeLn 4–11$16K

Money outPt IX

$99K

Ln 25

Programscol B$99K

Owns and owesPt X

$1.7M

net assets · Ln 32

Cash and savingsLn 1–2$1.2M

Total assetsLn 16$1.8M

LiabilitiesLn 26$46K

PeoplePt VI, VII

7

listed · VII A

PaidVII A0

Voting boardVI 1a7

IndependentVI 1b7

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$435K

Investment incomeLn 3$28K

Other incomeLn 4–11$16K

Gains on assetsLn 7$0

Total revenueLn 12$478K

Assets in detailPt X, end of year

CashLn 1$589K

SavingsLn 2$566K

Cash and savings togetherLn 1–2$1.2M

Accounts receivableLn 4$128K

Land, buildings, equipmentLn 10c$493K

Total assetsLn 16$1.8M

LiabilitiesLn 26$46K

Net assetsLn 32$1.7M

OperationsPt I, VI

EmployeesI 53

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	$788K	$1.2M
InvestmentsLn 11–13		$0
Land, buildings, equipmentLn 10c	$500K	$493K
Total assetsLn 16	$1.4M	$1.8M
LiabilitiesLn 26	$2K	$46K
Net assetsLn 32	$1.3M	$1.7M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$0
Grants to domestic individualsLn 2	$0
Grants and assistance to foreign recipientsLn 3	$0
Benefits paid to or for membersLn 4	$0
Pay of officers and key staff (Part IX, line 5)Ln 5	$27K	$27K
Pay of disqualified personsLn 6	$0
Other salaries and wagesLn 7	$0
Pension plan contributionsLn 8	$0
Other employee benefitsLn 9	$17K	$17K
Payroll taxesLn 10	$0
Management feesLn 11a	$0
Legal feesLn 11b	$525	$525
Accounting feesLn 11c	$7K	$7K
Lobbying feesLn 11d	$0
Professional fundraising feesLn 11e	$0
Investment management feesLn 11f	$0
Other fees for servicesLn 11g	$0
Advertising and promotionLn 12	$0
Office expensesLn 13	$0
Information technologyLn 14	$1K	$1K
RoyaltiesLn 15	$0
OccupancyLn 16	$0
TravelLn 17	$906	$906
Travel and entertainment for public officialsLn 18	$0
Conferences, conventions and meetingsLn 19	$0
InterestLn 20	$0
Payments to affiliatesLn 21	$0
Depreciation, depletion and amortizationLn 22	$7K	$7K
InsuranceLn 23	$0
Other expenses (24a–d)Ln 24	$29K	$29K
All other expensesLn 24e	$9K	$9K
Total functional expensesLn 25	$99K	$99K	$0	$0

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Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest ViewingFiled with the IRS May 22, 2026	$478K	$99K	$380K	$1.7M	990 PDF
FY2024Filed with the IRS Aug 5, 2025	$380K	$93K	$288K	$1.3M	990 PDF
FY2023Filed with the IRS Apr 5, 2024	$279K	$104K	$174K	$1.1M	990 PDF
FY2022Filed with the IRS Mar 7, 2023	$321K	$216K	$105K	$987K	990 PDF
FY2021Filed with the IRS Aug 15, 2022	$206K	$174K	$32K	$881K	990 PDF
FY2020Filed with the IRS Jul 7, 2021	$232K	$303K	−$71K	$849K	990 PDF

Schedules filed Part IV

A · Public support D · Assets and endowments O · Explanations

See the full FY2025 990

Part I · Summary $478,388 revenue, 12 lines filed

I-8 Contributions and grants$0

I-9 Program service revenuePrior year $366,807$435,374

I-10 Investment incomePrior year $1,387$27,503

I-11 Other revenuePrior year $12,268$15,511

I-12 Total revenuePrior year $380,462$478,388

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $31,226$44,473

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $61,589$54,095

I-18 Total expensesPrior year $92,815$98,568

I-19 Revenue less expensesPrior year $287,647$379,820

Part III · Program service accomplishments 1 program, $98,568 spent

III-4a Economic development of the City of Tye, TX.$98,568

Part IV · Checklist of required schedules 5 of 48 answered Yes, no flags

IV-1 A 501(c)(3) charity (Schedule A)Yes

IV-2 Lists its large donors to the IRS (Schedule B)No

IV-3 Took part in a political campaignNo

IV-4 LobbiedNo

IV-5 Owes proxy tax on member duesNo

IV-6 Holds donor advised fundsNo

IV-7 Holds conservation easementsNo

IV-8 Holds art or historical collectionsNo

IV-9 Credit counseling or escrow accountsNo

IV-10 Holds endowment fundsNo

IV-11a Reports land, buildings and equipmentYes

IV-11b Reports investments in other securitiesNo

IV-11c Reports program-related investmentsNo

IV-11d Reports other assetsNo

IV-11e Reports other liabilitiesYes

IV-11f Uncertain tax positions footnoteNo

IV-12a Its own audited financial statementsYes

IV-12b In a group's audited financial statementsNo

IV-13 Runs a schoolNo

IV-14a Has an office, staff or agents outside the USNo

IV-14b Over $10,000 of activity outside the USNo

IV-15 Over $5,000 in grants to groups abroadNo

IV-16 Over $5,000 in aid to people abroadNo

IV-17 Over $15,000 to paid fundraisersNo

IV-18 Over $15,000 from fundraising eventsNo

IV-19 Over $15,000 from gamingNo

IV-20a Runs a hospitalNo

IV-21 Over $5,000 in grants to US groupsNo

IV-22 Over $5,000 in grants to US peopleNo

IV-23 Reports top pay in detail (Schedule J)No

IV-24a Over $100,000 in tax-exempt bondsNo

IV-25a Gave an insider an excess benefit this yearNo

IV-25b Found an excess benefit from a past yearNo

IV-26 Loan to or from an officer or insiderNo

IV-27 Grant to an insider or their familyNo

IV-28a Business deal with an officer or directorNo

IV-28b Business deal with an officer's familyNo

IV-28c Business deal with a firm an officer controlsNo

IV-29 Over $25,000 in noncash giftsNo

IV-30 Gifts of art or historical itemsNo

IV-31 Closed down or dissolvedNo

IV-32 Sold or gave away over 25% of its net assetsNo

IV-33 Owns a single-member companyNo

IV-34 Related to other organizations (Schedule R)No

IV-35a Controls another organizationNo

IV-36 Transfers to a related non-charityNo

IV-37 Activity through a partnershipNo

IV-38 Explains answers in Schedule OYes

Part V · Other IRS filings and tax compliance no flags

V-1a Forms 1099 filed1

V-1b Forms W-2G filed0

V-2a Employees on W-2 forms3

V-1c Followed backup withholding rulesYes

V-2b Filed its payroll tax returnsYes

V-3a Over $1,000 of unrelated business incomeNo

V-4a Holds an account in a foreign countryNo

V-5a Party to a prohibited tax shelterNo

V-5b Knew another party was in a tax shelterNo

V-6a Raised gifts that are not tax deductibleNo

V-7a Gifts where the donor got something backNo

V-7c Sold donated property it had to reportNo

V-7e Took money to pay a donor's insuranceNo

V-7f Paid premiums on a donor's insuranceNo

V-14a Sold indoor tanningNo

V-15 Owes tax on pay over $1 millionNo

V-16 Owes the college endowment taxNo

Part VI · Governance 7 of 7 board members independent, 4 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-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

Part VII · Officers, directors and key employees 7 people listed, 0 paid by the organization

VII-1a Amye Butler AmerineDirector · 1 hours a week$0

VII-1a Barbara KotrlikSecretary · 1 hours a week$0

VII-1a Danelle FlippoDirector · 1 hours a week$0

VII-1a George DeffenbaughPresident · 1 hours a week$0

VII-1a Janie RitterVice President · 1 hours a week$0

VII-1a Ken ArnoldDirector · 1 hours a week$0

VII-1a Linda ParsonsDirector · 1 hours a week$0

Part VIII · Statement of revenue $478,388 across 9 lines filed

VIII-1h Total contributions, gifts and grants$0

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $435,374$435,374

VIII-3 Investment incomeExcluded from tax $27,503$27,503

VIII-5 Royalties$0

VIII-6 Net rental income or lossExcluded from tax $8,100$8,100

VIII-7 Net gain or loss on sales of assets$0

VIII-8 Net income from fundraising events$0

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $7,411$7,411

VIII-12 Total revenueRelated to mission $442,785 · Excluded from tax $35,603$478,388

Part IX · Statement of functional expenses $98,568 across 31 lines filed

IX-1 Grants to domestic organizations$0

IX-2 Grants to domestic individuals$0

IX-3 Grants and assistance to foreign recipients$0

IX-4 Benefits paid to or for members$0

IX-5 Pay of officers and key staff (Part IX, line 5)Programs $26,993$26,993

IX-6 Pay of disqualified persons$0

IX-7 Other salaries and wages$0

IX-8 Pension plan contributions$0

IX-9 Other employee benefitsPrograms $17,480$17,480

IX-10 Payroll taxes$0

IX-11a Management fees$0

IX-11b Legal feesPrograms $525$525

IX-11c Accounting feesPrograms $7,000$7,000

IX-11d Lobbying fees$0

IX-11e Professional fundraising fees$0

IX-11f Investment management fees$0

IX-11g Other fees for services$0

IX-12 Advertising and promotion$0

IX-13 Office expenses$0

IX-14 Information technologyPrograms $1,234$1,234

IX-15 Royalties$0

IX-16 Occupancy$0

IX-17 TravelPrograms $906$906

IX-18 Travel and entertainment for public officials$0

IX-19 Conferences, conventions and meetings$0

IX-20 Interest$0

IX-21 Payments to affiliates$0

IX-22 Depreciation, depletion and amortizationPrograms $6,680$6,680

IX-23 Insurance$0

IX-24 Other expenses (24a–d)Programs $29,181$29,181

IX-24e All other expensesPrograms $8,569$8,569

IX-25 Total functional expensesPrograms $98,568 · Management $0 · Fundraising $0$98,568

Part X · Balance sheet $1,775,819 assets, 22 lines filed

X-1 Cash, non-interest-bearingStart of year $787,891$588,724

X-2 Savings and temporary cash investments$565,516

X-3 Pledges and grants receivable$0

X-4 Accounts receivableStart of year $63,302$128,105

X-5 Loans to officers and key people$0

X-6 Loans to other insiders$0

X-7 Notes and loans receivable$0

X-8 Inventories for sale or use$0

X-9 Prepaid expenses and deferred charges$0

X-10c Land, buildings and equipment, netStart of year $500,154$493,474

X-11 Publicly traded securities$0

X-12 Other securities$0

X-13 Program-related investments$0

X-14 Intangible assets$0

X-15 Other assets$0

X-16 Total assetsStart of year $1,351,347$1,775,819

X-17 Accounts payable and accrued expensesStart of year $548$727

X-25 Other liabilitiesStart of year $1,000$45,473

X-26 Total liabilitiesStart of year $1,548$46,200

X-27 Net assets without donor restrictionsStart of year $1,349,799$1,729,619

X-32 Total net assets or fund balancesStart of year $1,349,799$1,729,619

X-33 Total liabilities and net assetsStart of year $1,351,347$1,775,819

Part XI · Reconciliation of net assets $1,729,619 net assets at year end

XI-1 Total revenue$478,388

XI-2 Total expenses$98,568

XI-3 Revenue less expenses$379,820

XI-4 Net assets at start of year$1,349,799

XI-10 Net assets at end of year$1,729,619

Part XII · Financial statements and reporting Audited: Yes

XII-2b Financial statements audited by an independent accountantYes

Schedule O · Explanations 2 explanations

O-1 Part VI, line 11bA copy of the 990 is provided to the governing body before it is filed.

O-2 Part VI, line 19The 990 and financial statements are available upon request.

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

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Tye Economic Development Corporation

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