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Linden Section 4b Economic Development Corporation

Tax-deductible

Linden, TX501(c)(3)Community Development EIN 75-3051491Revenue $146K in FY2024

On file with the IRSPo Box 1229, 75563-1229 · Linden, TXTax-exempt since Oct 2005Publicly supported charity — 170(b)(1)(A)(vi)

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Promoting, assisting and enhancing economic development activities for the city of Linden, Texas.

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average surplus $2K a year · 1% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
21 mo
of spending, in cash
Looks good: 21.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$7K
1% of total assets
Looks good: liabilities are 1% 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
$146K
+6% vs prior year
Spent
$132K
To programs
85%
Net assets
$449K
By yearFY2020–FY2024
Revenue
$146K
FY2024▲ +6%
Tap a bar for its year
Revenue by fiscal year
FY2020$118K
FY2021$131K
FY2023$138K
FY2024$146K
Expenses
$132K
FY2024▼ -17%
Tap a bar for its year
Expenses by fiscal year
FY2020$155K
FY2021$79K
FY2023$160K
FY2024$132K
Net assets
$449K
FY2024▲ +3%
Tap a bar for its year
Net assets by fiscal year
FY2020$354K
FY2021$407K
FY2023$435K
FY2024$449K

From the FY2024 Form 990 (year ending September 2024) · see the original

990 PDF Claim

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

85 cents of each dollar spent went to programs.

Program services 85% · $112K Management & general 15% · $20K

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

7 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
$0Pt VII · Sec A
Kyle Morgan
Director
$0Pt VII · Sec A
Dave Stewart
Director
$0Pt VII · Sec A
Frank Laniew
1st Vice Pre
$0Pt VII · Sec A
Carla Roadcap
President
$0Pt VII · Sec A
$0Pt VII · Sec A
See Linden Section 4b 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

Boosts Linden, Texas's economy through development assistance and promotion.

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Provided by the organization

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1 program · $112K · in their own filed words · FY2023
01

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

$112Kprogram 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 · 2 grants · $33K · 2020–2023
City of LindenFY2023$20,020
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$2K
Money outPt IX
$132K
Ln 25
Programscol B$112K
Managementcol C$20K
Owns and owesPt X
$449K
net assets · Ln 32
Cash and savingsLn 1–2$236K
Total assetsLn 16$456K
LiabilitiesLn 26$7K
PeoplePt VI, VII
7
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$2K
Total revenueLn 12$146K
Assets in detailPt X, end of year
CashLn 1$236K
Cash and savings togetherLn 1–2$236K
Land, buildings, equipmentLn 10c$121K
Total assetsLn 16$456K
LiabilitiesLn 26$7K
Net assetsLn 32$449K
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
LineStart FY24End FY24
Cash and savingsLn 1–2$292K$236K
Land, buildings, equipmentLn 10c$111K$121K
Total assetsLn 16$441K$456K
LiabilitiesLn 26$6K$7K
Net assetsLn 32$435K$449K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$20K$20K
Accounting feesLn 11c$5K$5K
Advertising and promotionLn 12$6K$6K
OccupancyLn 16$2K$895$894
TravelLn 17$4K$4K
Depreciation, depletion and amortizationLn 22$729$729
InsuranceLn 23$202$202
Other expenses (24a–d)Ln 24$94K$81K$14K
Total functional expensesLn 25$132K$112K$20K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $146K$132K$14K$449K 990 PDF
FY2023 $138K$160K−$23K$435K 990 PDF
FY2022 Not on file
FY2021 $131K$79K$52K$407K 990 PDF
FY2020 $118K$155K−$37K$354K 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 O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $146,190 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $137,219$144,551
I-10 Investment incomePrior year $394$1,639
I-11 Other revenue$0
I-12 Total revenuePrior year $137,613$146,190
I-13 Grants and similar amounts paid$20,020
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $160,180$112,328
I-18 Total expensesPrior year $160,180$132,348
I-19 Revenue less expensesPrior year −$22,567$13,842
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 $146,190 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 $1,639$1,639
VIII-12 Total revenueRelated to mission $146,190$146,190
Part IX · Statement of functional expenses $132,348 across 8 lines filed
IX-1 Grants to domestic organizationsPrograms $20,020$20,020
IX-11c Accounting feesManagement $5,394$5,394
IX-12 Advertising and promotionPrograms $5,841$5,841
IX-16 OccupancyPrograms $895 · Management $894$1,789
IX-17 TravelPrograms $3,884$3,884
IX-22 Depreciation, depletion and amortizationPrograms $729$729
IX-23 InsuranceManagement $202$202
IX-24 Other expenses (24a–d)Programs $80,983 · Management $13,506$94,489
IX-25 Total functional expensesPrograms $112,352 · Management $19,996 · Fundraising $0$132,348
Part X · Balance sheet $455,849 assets, 10 lines filed
Asset lines not itemized here account for $74,224; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $292,479$236,426
X-4 Accounts receivableStart of year $37,604$24,556
X-10c Land, buildings and equipment, netStart of year $111,372$120,643
X-16 Total assetsStart of year $441,455$455,849
X-17 Accounts payable and accrued expensesStart of year $5,975$6,527
X-26 Total liabilitiesStart of year $5,975$6,527
X-27 Net assets without donor restrictionsStart of year $340,886$353,452
X-28 Net assets with donor restrictionsStart of year $94,594$95,870
X-32 Total net assets or fund balancesStart of year $435,480$449,322
X-33 Total liabilities and net assetsStart of year $441,455$455,849
Part XI · Reconciliation of net assets $449,322 net assets at year end
XI-1 Total revenue$146,190
XI-2 Total expenses$132,348
XI-3 Revenue less expenses$13,842
XI-4 Net assets at start of year$435,480
XI-10 Net assets at end of year$449,322

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

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