Promotion of business for the city of Dekalb

501(c)(3) charity; gifts are tax-deductible.
79¢ 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 2
filings with a surplus
Average surplus $93K a year · 28% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
10 mo
of spending, in cash
Looks good: 9.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $1K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$88K
12% of total assets
Looks good: liabilities are 12% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$349K
+11% vs prior year
Spent
$233K
To programs
79%
Net assets
$637K
By yearFY2022–FY2024
Revenue
$349K
FY2024▲ +11%
Tap a bar for its year
Revenue by fiscal year
FY2022$316K
FY2024$349K
Expenses
$233K
FY2024▼ -6%
Tap a bar for its year
Expenses by fiscal year
FY2022$246K
FY2024$233K
Net assets
$637K
FY2024▲ +8%
Tap a bar for its year
Net assets by fiscal year
FY2022$589K
FY2024$637K

From the FY2024 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 2025.

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

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $184K Management & general 21% · $49K

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

8 people listed on the 990.

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary/Treas
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
See Dekalb 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 business growth and development within the city of DeKalb.

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1 program · $184K · in their own filed words · FY2024
01

Promoting businesses to come to the city of dekalb, TX.

$184Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$1K
Grants paid · 1 grant · $100K · 2022–2022
City of DekalbFY2022$100,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$349K
Ln 12
Gifts and grantsLn 1h$148K
Fees for servicesLn 2g$133K
Investment incomeLn 3$68K
Money outPt IX
$233K
Ln 25
Programscol B$184K
Managementcol C$49K
Owns and owesPt X
$637K
net assets · Ln 32
Cash and savingsLn 1–2$187K
Total assetsLn 16$725K
LiabilitiesLn 26$88K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$148K
Government grantsLn 1e$146K
Fees for servicesLn 2g$133K
Investment incomeLn 3$68K
Gains on assetsLn 7$68K
Total revenueLn 12$349K
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$187K
Cash and savings togetherLn 1–2$187K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$486K
Other assetsLn 15$53K
Total assetsLn 16$725K
LiabilitiesLn 26$88K
Net assetsLn 32$637K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$40K$187K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$536K$486K
Total assetsLn 16$629K$725K
LiabilitiesLn 26$108K$88K
Net assetsLn 32$521K$637K
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$156K$156K
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$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$6K$6K
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$13K$13K
InterestLn 20$5K$5K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$16K$16K
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$27K$27K
All other expensesLn 24e$753$753
Total functional expensesLn 25$233K$184K$49K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $349K$233K$116K$637K 990 PDF
FY2023 Not on file
FY2022 $316K$246K$69K$589K 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 $348,745 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $80,694$147,983
I-9 Program service revenuePrior year $123,654$132,683
I-10 Investment incomePrior year $3,615$68,079
I-11 Other revenue$0
I-12 Total revenuePrior year $207,963$348,745
I-13 Grants and similar amounts paidPrior year $100,000$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $123,631$155,952
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $51,998$76,560
I-18 Total expensesPrior year $275,629$232,512
I-19 Revenue less expensesPrior year −$67,666$116,233
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 VIII · Statement of revenue $348,745 across 10 lines filed
VIII-1e Government grants$146,003
VIII-1f All other contributions, gifts and grants$1,980
VIII-1h Total contributions, gifts and grants$147,983
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $132,683$132,683
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsExcluded from tax $68,079$68,079
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $132,683 · Excluded from tax $68,079$348,745
Part IX · Statement of functional expenses $232,512 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 $155,952$155,952
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 feesManagement $7,333$7,333
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotionPrograms $6,300$6,300
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsManagement $13,306$13,306
IX-20 InterestPrograms $5,182$5,182
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $16,365$16,365
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Management $27,321$27,321
IX-24e All other expensesManagement $753$753
IX-25 Total functional expensesPrograms $183,799 · Management $48,713 · Fundraising $0$232,512
Part X · Balance sheet $725,360 assets, 18 lines filed
X-1 Cash, non-interest-bearing$0
X-2 Savings and temporary cash investmentsStart of year $40,364$186,689
X-3 Pledges and grants receivable$0
X-4 Accounts 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 $536,425$485,943
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 assetsStart of year $52,522$52,728
X-16 Total assetsStart of year $629,311$725,360
X-17 Accounts payable and accrued expensesStart of year $40$40
X-26 Total liabilitiesStart of year $108,176$87,992
X-27 Net assets without donor restrictionsStart of year $521,135$637,368
X-32 Total net assets or fund balancesStart of year $521,135$637,368
X-33 Total liabilities and net assetsStart of year $629,311$725,360
Part XI · Reconciliation of net assets $637,368 net assets at year end
XI-1 Total revenue$348,745
XI-2 Total expenses$232,512
XI-3 Revenue less expenses$116,233
XI-4 Net assets at start of year$521,135
XI-10 Net assets at end of year$637,368

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

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