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Waller County Economic Development Partnership INC FY2020 filing

Not tax-deductible

Hempstead, TX501(c)(6)Since 2002Community Development EIN 95-4895705Revenue $349K in FY2020

On file with the IRSwallercounty.org519 9th Street Suite A, 77445-4537 · Hempstead, TXTax-exempt since Jul 2004

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Promote positive Economic growth in Waller County, texas.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
93¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $52K a year · 10% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
12 mo
of spending, in cash
Looks good: 12.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $7K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$266K
46% of total assets
Looks good: liabilities are 46% of assets; 50% or less.
Pt X · Ln 26
Independent board members
19
of 19 voting members
Looks good: 19 of 19 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$349K
Spent
$303K
To programs
93%
Net assets
$317K
By yearFY2020–FY2025
Revenue
$349K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$349K
FY2021$398K
FY2022$471K
FY2023$542K
FY2024$724K
FY2025$711K
Expenses
$303K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$303K
FY2021$400K
FY2022$544K
FY2023$678K
FY2024$464K
FY2025$492K
Net assets
$317K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$317K
FY2021$329K
FY2022−$32K
FY2023−$168K
FY2024$91K
FY2025$310K

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 2004.

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

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $283K Management & general 7% · $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

19 people listed on the 990.

Part VII, Section A · reportable compensation
Wallace Everitt
President/Di
$0Pt VII · Sec A
Tim Phelan
VP/Director
$0Pt VII · Sec A
Harvey Laas
Sec-Treas/Di
$0Pt VII · Sec A
Colby Rose
Director
$0Pt VII · Sec A
Munir Quddue
Director
$0Pt VII · Sec A
Jim Russ
Director
$0Pt VII · Sec A
Steve Alvis
Director
$0Pt VII · Sec A
Keith Dalton
Director
$0Pt VII · Sec A
See Waller County Economic Development Partnership INC 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

Helps county residents achieve positive personal development and growth.

Questions for Waller County Economic Development Partnership INC

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Provided by the organization

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1 program · in their own filed words · FY2020
01

To foster increased, environmentally balanced business commerce, positive growth, and overall cooperation and coordination for all communities throughout waller county, texas.

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
Memorial Hermann Health SystemFY2023$7K
Total grants receivedfrom 1 funder$7K

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$349K
Ln 12
Gifts and grantsLn 1h$349K
Investment incomeLn 3$290
Other incomeLn 4–11$38
Money outPt IX
$303K
Ln 25
Programscol B$283K
Managementcol C$20K
Owns and owesPt X
$317K
net assets · Ln 32
Cash and savingsLn 1–2$308K
Total assetsLn 16$584K
LiabilitiesLn 26$266K
PeoplePt VI, VII
19
listed · VII A
PaidVII A0
Voting boardVI 1a19
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$349K
Government grantsLn 1e$130K
Fundraising eventsLn 1c$14K
Investment incomeLn 3$290
Other incomeLn 4–11$38
Total revenueLn 12$349K
Assets in detailPt X, end of year
CashLn 1$154K
SavingsLn 2$154K
Cash and savings togetherLn 1–2$308K
Land, buildings, equipmentLn 10c$1K
Total assetsLn 16$584K
LiabilitiesLn 26$266K
Net assetsLn 32$317K
OperationsPt I, VI
EmployeesI 53
VolunteersI 64
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 FY20End FY20
Cash and savingsLn 1–2$251K$308K
Land, buildings, equipmentLn 10c$385$1K
Total assetsLn 16$271K$584K
LiabilitiesLn 26$0$266K
Net assetsLn 32$271K$317K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$188K$188K
Pension plan contributionsLn 8$26K$26K
Other employee benefitsLn 9$31K$31K
Payroll taxesLn 10$14K$14K
Accounting feesLn 11c$1K$1K
Other fees for servicesLn 11g$8K$8K
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$3K$3K
OccupancyLn 16$6K$6K
TravelLn 17$2K$2K
Conferences, conventions and meetingsLn 19$368$368
Depreciation, depletion and amortizationLn 22$2K$2K
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$16K$16K
All other expensesLn 24e$453$453
Total functional expensesLn 25$303K$283K$20K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $711K$492K$219K$310K 990 PDF
FY2024 $724K$464K$259K$91K 990 PDF
FY2023 $542K$678K−$136K−$168K 990 PDF
FY2022 $471K$544K−$72K−$32K 990 PDF
FY2021 $398K$400K−$2K$329K 990 PDF
FY2020 Viewing $349K$303K$46K$317K 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 FY2020 990 (6 parts)
Part I · Summary $348,978 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $308,175$348,650
I-9 Program service revenue$0
I-10 Investment incomePrior year $1,400$290
I-11 Other revenue$38
I-12 Total revenuePrior year $309,575$348,978
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $194,022$258,764
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $60,600$44,029
I-18 Total expensesPrior year $254,622$302,793
I-19 Revenue less expensesPrior year $54,953$46,185
Part VI · Governance 19 of 19 board members independent, 4 to look at
VI-1a Voting members of the governing body19
VI-1b Independent voting members19
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 $348,978 across 8 lines filed
VIII-1b Membership dues$196,750
VIII-1c Fundraising events$13,500
VIII-1e Government grants$130,000
VIII-1f All other contributions, gifts and grants$8,400
VIII-1h Total contributions, gifts and grants$348,650
VIII-3 Investment incomeRelated to mission $290$290
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $38$38
VIII-12 Total revenueRelated to mission $328$348,978
Part IX · Statement of functional expenses $302,793 across 15 lines filed
IX-7 Other salaries and wagesPrograms $187,545$187,545
IX-8 Pension plan contributionsPrograms $26,156$26,156
IX-9 Other employee benefitsPrograms $30,730$30,730
IX-10 Payroll taxesPrograms $14,333$14,333
IX-11c Accounting feesManagement $1,150$1,150
IX-11g Other fees for servicesManagement $7,573$7,573
IX-12 Advertising and promotionPrograms $3,965$3,965
IX-13 Office expensesManagement $3,015$3,015
IX-16 OccupancyManagement $6,360$6,360
IX-17 TravelPrograms $1,695$1,695
IX-19 Conferences, conventions and meetingsPrograms $368$368
IX-22 Depreciation, depletion and amortizationPrograms $1,614$1,614
IX-23 InsuranceManagement $1,389$1,389
IX-24 Other expenses (24a–d)Programs $16,447$16,447
IX-24e All other expensesManagement $453$453
IX-25 Total functional expensesPrograms $282,853 · Management $19,940 · Fundraising $0$302,793
Part X · Balance sheet $583,700 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $10,899$154,275
X-2 Savings and temporary cash investmentsStart of year $239,894$154,081
X-4 Accounts receivableStart of year $19,370$15,170
X-9 Prepaid expenses and deferred charges$258,750
X-10c Land, buildings and equipment, netStart of year $385$1,424
X-16 Total assetsStart of year $270,548$583,700
X-25 Other liabilities$266,250
X-26 Total liabilitiesStart of year $0$266,250
X-32 Total net assets or fund balancesStart of year $270,548$317,450
X-33 Total liabilities and net assetsStart of year $270,548$583,700
Part XI · Reconciliation of net assets $317,450 net assets at year end
XI-1 Total revenue$348,978
XI-2 Total expenses$302,793
XI-3 Revenue less expenses$46,185
XI-4 Net assets at start of year$270,548
XI-5 Net unrealized gains (losses) on investments$7,752
XI-8 Prior period adjustments−$10,478
XI-9 Other changes in net assets$3,443
XI-10 Net assets at end of year$317,450

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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