Linden Economic Development Corporation: Nonprofit Profile, Financials & Form 990 (EIN 75-2747213)

Revenue by fiscal year
FY2020	$120K
FY2021	$133K
FY2022	$139K
FY2023	$139K
FY2024	$146K

Expenses by fiscal year
FY2020	$64K
FY2021	$86K
FY2022	$103K
FY2023	$185K
FY2024	$164K

Net assets by fiscal year
FY2020	$525K
FY2021	$572K
FY2022	$608K
FY2023	$562K
FY2024	$543K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2005.

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

Where the money goes

83 cents of each dollar spent went to programs.

83%

17%

Program services 83% · $136K Management & general 17% · $28K

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

Something off? Claim to add context

Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII

Richard Bowden

Sec./Treasur

$0Pt VII · Sec A

Kyle Morgan

Director

$0Pt VII · Sec A

Carla Roadcap

President

$0Pt VII · Sec A

Frank Lanier

1st Vice Pre

$0Pt VII · Sec A

Kenny Hamilton

Director

$0Pt VII · Sec A

John Rountree

Director

$0Pt VII · Sec A

Dave Stewart

2nd Vice Pre

$0Pt VII · Sec A

Jo Anna Duncan

Director

$0Pt VII · Sec A

See Linden Economic Development Corporation executive salaries →

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

Boosts Linden, Texas's economy through development initiatives and support.

Questions for Linden Economic Development Corporation

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1 program · $136K · in their own filed words · FY2023

01

Promoting, assisting and enhancing econcomic development activities for the city of linden, texas.

Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 75-2747213) · Dispute this line

$136Kprogram 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 · 3 grants · $70K · 2020–2023

City of LindenFY2023$32,017

Advanced Lumberworks-Linden LLCFY2022$25,000

Calabri Health LLCFY2020$12,500

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$146K

Ln 12

Fees for servicesLn 2g$145K

Investment incomeLn 3$1K

Money outPt IX

$164K

Ln 25

Programscol B$136K

Managementcol C$28K

Owns and owesPt X

$543K

net assets · Ln 32

Cash and savingsLn 1–2$343K

Total assetsLn 16$714K

LiabilitiesLn 26$171K

PeoplePt VI, VII

8

listed · VII A

PaidVII A0

Voting boardVI 1a8

IndependentVI 1b8

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$145K

Investment incomeLn 3$1K

Total revenueLn 12$146K

Assets in detailPt X, end of year

CashLn 1$343K

Cash and savings togetherLn 1–2$343K

Accounts receivableLn 4$25K

Notes and loans receivableLn 7$25K

Land, buildings, equipmentLn 10c$321K

Total assetsLn 16$714K

LiabilitiesLn 26$171K

Net assetsLn 32$543K

OperationsPt I, VI

EmployeesI 50

Fiscal year endsHeaderSeptember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$367K	$343K
Land, buildings, equipmentLn 10c	$136K	$321K
Total assetsLn 16	$567K	$714K
LiabilitiesLn 26	$6K	$171K
Net assetsLn 32	$562K	$543K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$32K	$32K
Accounting feesLn 11c	$5K		$5K
Advertising and promotionLn 12	$6K	$6K
OccupancyLn 16	$7K	$4K	$4K
TravelLn 17	$3K	$3K
InterestLn 20	$6K		$6K
Depreciation, depletion and amortizationLn 22	$5K	$5K
InsuranceLn 23	$202		$202
Other expenses (24a–d)Ln 24	$99K	$86K	$12K
Total functional expensesLn 25	$164K	$136K	$28K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest ViewingFiled with the IRS Jun 17, 2025	$146K	$164K	−$18K	$543K	990 PDF
FY2023Filed with the IRS May 23, 2024	$139K	$185K	−$46K	$562K	990 PDF
FY2022Filed with the IRS Dec 7, 2022	$139K	$103K	$36K	$608K	990 PDF
FY2021Filed with the IRS Jan 21, 2022	$133K	$86K	$47K	$572K	990 PDF
FY2020Filed with the IRS Jan 20, 2021	$120K	$64K	$56K	$525K	990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations

See the full FY2024 990

Part I · Summary $145,907 revenue, 12 lines filed

I-8 Contributions and grants$0

I-9 Program service revenuePrior year $137,214$144,551

I-10 Investment incomePrior year $1,539$1,356

I-11 Other revenue$0

I-12 Total revenuePrior year $138,753$145,907

I-13 Grants and similar amounts paidPrior year $35,000$32,017

I-14 Benefits paid to members$0

I-15 Salaries and benefits$0

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $149,891$132,352

I-18 Total expensesPrior year $184,891$164,369

I-19 Revenue less expensesPrior year −$46,138−$18,462

Part VI · Governance 8 of 8 board members independent, 3 to look at

VI-1a Voting members of the governing body8

VI-1b Independent voting members8

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

VI-12a Written conflict of interest policyYes

Part VIII · Statement of revenue $145,907 across 3 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $144,551$144,551

VIII-3 Investment incomeRelated to mission $1,356$1,356

VIII-12 Total revenueRelated to mission $145,907$145,907

Part IX · Statement of functional expenses $164,369 across 9 lines filed

IX-1 Grants to domestic organizationsPrograms $32,017$32,017

IX-11c Accounting feesManagement $5,441$5,441

IX-12 Advertising and promotionPrograms $6,128$6,128

IX-16 OccupancyPrograms $3,575 · Management $3,575$7,150

IX-17 TravelPrograms $3,345$3,345

IX-20 InterestManagement $6,264$6,264

IX-22 Depreciation, depletion and amortizationPrograms $4,981$4,981

IX-23 InsuranceManagement $202$202

IX-24 Other expenses (24a–d)Programs $86,345 · Management $12,496$98,841

IX-25 Total functional expensesPrograms $136,391 · Management $27,978 · Fundraising $0$164,369

Part X · Balance sheet $713,850 assets, 12 lines filed

X-1 Cash, non-interest-bearingStart of year $367,453$342,862

X-4 Accounts receivableStart of year $37,604$24,556

X-7 Notes and loans receivableStart of year $26,714$25,374

X-10c Land, buildings and equipment, netStart of year $135,524$321,058

X-16 Total assetsStart of year $567,295$713,850

X-17 Accounts payable and accrued expensesStart of year $5,614$6,526

X-23 Secured mortgages and notes payable$164,105

X-26 Total liabilitiesStart of year $5,614$170,631

X-27 Net assets without donor restrictionsStart of year $401,458$382,210

X-28 Net assets with donor restrictionsStart of year $160,223$161,009

X-32 Total net assets or fund balancesStart of year $561,681$543,219

X-33 Total liabilities and net assetsStart of year $567,295$713,850

Part XI · Reconciliation of net assets $543,219 net assets at year end

XI-1 Total revenue$145,907

XI-2 Total expenses$164,369

XI-3 Revenue less expenses−$18,462

XI-4 Net assets at start of year$561,681

XI-10 Net assets at end of year$543,219

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

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Linden Economic Development Corporation

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Linden Economic Development Corporation

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV