Linden Section 4B Economic Development Corporation

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

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 75-3051491) · Dispute this line
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

What it does

1 program · $112K · in their own filed words · FY2024
01

Promoting, assisting and enhancing Economic Development activities for the city of Linden, texas.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 75-3051491) · Dispute this line
$112Kprogram expense

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
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, current with the IRS.
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
A surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
85%
of spending
85% of spending went to programs.
Pt IX · Ln 25 · col B
21.4 mo
of spending, in cash
21.4 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$7K
1% of total assets
Liabilities are 1% of assets.
Pt X · Ln 26
Independent board members
8
of 8 voting members
8 of 8 voting members are independent.
Pt VI · Ln 1a–1b
Total revenue
$146K
+6% vs prior year
Total expenses
$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) · figures checked against the IRS filing · see the original

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
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
1st Vice President
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A

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

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

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

Questions for Linden Section 4B Economic Development Corporation

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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.

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
Accounts receivableLn 4$25K
Notes and loans receivableLn 7$74K
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

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Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Jun 17, 2025 $146K$132K$14K$449K 990 PDF
FY2023Filed with the IRS May 23, 2024 $138K$160K−$23K$435K 990 PDF
FY2022 Not on file
FY2021Filed with the IRS Jan 21, 2022 $131K$79K$52K$407K 990 PDF
FY2020Filed with the IRS Jan 20, 2021 $118K$155K−$37K$354K 990 PDF

Schedules filed Part IV

A · Public support D · Assets and endowments I · Grants O · Explanations
See the full FY2024 990

Parts IV and V and the Schedule O notes are not shown yet: we do not hold this return's e-file. The Parts below come from the IRS data we do hold, and the full 990 PDF has every Part.

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 III · Program service accomplishments 1 program, $112,352 spent
III-4a Promoting, assisting and enhancing economic development activities for the city of linden, texas.includes $20,020 in grants$112,352
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 VII · Officers, directors and key employees 7 people listed, 0 paid by the organization
VII-1a Carla RoadcapPresident$0
VII-1a Dave StewartDirector$0
VII-1a Frank Laniew1st Vice Pre$0
VII-1a Jo Anna DuncanDirector$0
VII-1a John RountreeDirector$0
VII-1a Kenny HamiltonDirector$0
VII-1a Kyle MorganDirector$0
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, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $292,479$236,426
X-4 Accounts receivableStart of year $37,604$24,556
X-7 Notes and loans receivable$74,224
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 FY2024 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

Similar: Linden Economic Development Corporation · Areawide Business Council Incorporated · Tye Economic Development Corporation · Southeast Texas Economic Development Foundation INC · Walker County Economic Development Corporation · Dekalb County Economic Development Corporation

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