Eden Economic Development Corporation

IRS exemption revoked

Eden, TXUnknown exempt organization EIN 75-2653806Revenue $144K in FY2022

On file with the IRSPo Box 915 · Eden, TX

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To develop programs that promote the City of Eden.

100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 3
filings with a surplus
Average surplus $51K a year · 36% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
48 mo
of spending, in cash
Looks good: 48.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$159K
20% of total assets
Looks good: liabilities are 20% 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
$144K
+22% vs prior year
Spent
$107K
To programs
100%
Net assets
$636K
By yearFY2020–FY2022
Revenue
$144K
FY2022▲ +22%
Tap a bar for its year
Revenue by fiscal year
FY2020$163K
FY2021$118K
FY2022$144K
Expenses
$107K
FY2022▲ +46%
Tap a bar for its year
Expenses by fiscal year
FY2020$93K
FY2021$73K
FY2022$107K
Net assets
$636K
FY2022▲ +6%
Tap a bar for its year
Net assets by fiscal year
FY2020$554K
FY2021$599K
FY2022$636K

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

990 PDF Claim
IRS revoked this organization's tax-exempt status on December 15, 2025

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2022.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $107K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

7 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
President Elect
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Coordinator
$0Pt VII · Sec A
See Eden 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

Promotes the City of Eden through program development.

Questions for Eden Economic Development Corporation

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Provided by the organization

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2 programs · $107K · in their own filed words · FY2021
01

To provide approximately 33% of the cost of the Economic Developement Coordinator who is responsible for the development of programs to promote the City of Eden attending various exhibits to hand out promotional items, & coordinate tourism activities with the City, Chamber & Spirit of Eden(non-profit corporation).

$107Kprogram expense
02

To provide for various projects, promotional expense for events and fees associatedwith the ongoing operation of the EDC.

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 · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$144K
Ln 12
Fees for servicesLn 2g$68K
Gifts and grantsLn 1h$55K
Other incomeLn 4–11$18K
Money outPt IX
$107K
Ln 25
Programscol B$107K
Owns and owesPt X
$636K
net assets · Ln 32
Cash and savingsLn 1–2$429K
Total assetsLn 16$795K
LiabilitiesLn 26$159K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$55K
Government grantsLn 1e$55K
Fees for servicesLn 2g$68K
Investment incomeLn 3$3K
Other incomeLn 4–11$18K
Gains on assetsLn 7$0
Total revenueLn 12$144K
Assets in detailPt X, end of year
CashLn 1$366K
SavingsLn 2$64K
Cash and savings togetherLn 1–2$429K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$288K
Other assetsLn 15$0
Total assetsLn 16$795K
LiabilitiesLn 26$159K
Net assetsLn 32$636K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderJuly
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$432K$429K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$254K$288K
Total assetsLn 16$769K$795K
LiabilitiesLn 26$171K$159K
Net assetsLn 32$599K$636K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
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 current officers, directors and key staffLn 5$36K$36K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$14K$14K
Advertising and promotionLn 12$12K$12K
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$2K$2K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$2K$2K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$11K$11K
InsuranceLn 23$93$93
Other expenses (24a–d)Ln 24$30K$30K
All other expensesLn 24e$138$138
Total functional expensesLn 25$107K$107K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest Viewing $144K$107K$37K$636K 990 PDF
FY2021 $118K$73K$45K$599K 990 PDF
FY2020 $163K$93K$70K$554K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $144,094 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $22,000$55,033
I-9 Program service revenuePrior year $72,033$68,355
I-10 Investment incomePrior year $3,541$3,056
I-11 Other revenuePrior year $20,462$17,650
I-12 Total revenuePrior year $118,036$144,094
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $35,746$35,746
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $37,510$71,391
I-18 Total expensesPrior year $73,256$107,137
I-19 Revenue less expensesPrior year $44,780$36,957
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 $144,094 across 10 lines filed
VIII-1e Government grants$55,033
VIII-1h Total contributions, gifts and grants$55,033
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Excluded from tax $68,355$68,355
VIII-3 Investment incomeExcluded from tax $3,056$3,056
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
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)Excluded from tax $17,650$17,650
VIII-12 Total revenueExcluded from tax $89,061$144,094
Part IX · Statement of functional expenses $107,137 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 current officers, directors and key staffPrograms $35,746$35,746
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $14,214$14,214
IX-12 Advertising and promotionPrograms $12,126$12,126
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 TravelPrograms $1,692$1,692
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestPrograms $1,997$1,997
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $11,258$11,258
IX-23 InsurancePrograms $93$93
IX-24 Other expenses (24a–d)Programs $29,873$29,873
IX-24e All other expensesPrograms $138$138
IX-25 Total functional expensesPrograms $107,137 · Management $0 · Fundraising $0$107,137
Part X · Balance sheet $794,681 assets, 21 lines filed
Asset lines not itemized here account for $59,696; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $368,327$365,764
X-2 Savings and temporary cash investmentsStart of year $63,341$63,628
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $17,964$18,018
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 $253,921$287,575
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 $769,171$794,681
X-17 Accounts payable and accrued expensesStart of year $21,247$21,164
X-18 Grants payableStart of year $15,358$13,494
X-24 Unsecured notes and loans payableStart of year $133,959$124,459
X-26 Total liabilitiesStart of year $170,564$159,117
X-27 Net assets without donor restrictionsStart of year $580,106$617,054
X-28 Net assets with donor restrictionsStart of year $18,501$18,510
X-32 Total net assets or fund balancesStart of year $598,607$635,564
X-33 Total liabilities and net assetsStart of year $769,171$794,681
Part XI · Reconciliation of net assets $635,564 net assets at year end
XI-1 Total revenue$144,094
XI-2 Total expenses$107,137
XI-3 Revenue less expenses$36,957
XI-4 Net assets at start of year$598,607
XI-10 Net assets at end of year$635,564

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

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