2025-07-23T10:51:25-05:00 2024-12-31 461840150 ASEL & ASSOCIATES PLLC 4725 COLLEGE PARK STE 200 SAN ANTONIO TX 78249 990 2024-01-01 742619492 TEXAS ECONOMIC DEVELOPMENT CORPORATION TEXA 5129816736 PO BOX 684702 AUSTIN TX 78768 AARON DEMERSON CEO 5139816736 2025-07-23 1 1 JOHN C ASEL P00201377 2105445665 2024 2025-03-06 01:10:19Z AARON DEMERSON PO BOX 684702 AUSTIN TX 78768 6558546 0 X WWW.BUSINESSINTEXAS.COM X 1991 TX THE TEXAS ECONOMIC DEVELOPMENT CORPORATION, TXEDC, WAS ESTABLISHED TO MARKET AND PROMOTE TEXAS AS A PREMIER BUSINESS STATE; AND TO FACILITATE THE LOCATION, EXPANSION, AND RETENTION OF DOMESTIC AND INTERNATIONAL BUSINESS INVESTMENT IN THE STATE. TXEDC IS FUNDED THROUGH PRIVATE CONTRIBUTIONS BY BUSINESSES, ORGANIZATIONS AND INDIVIDUALS INTERESTED IN THE PROMOTION OF BUSINESS, ECONOMIC DEVELOPMENT, AND JOB CREATION IN THE STATE OF TEXAS. 9 9 13 0 0 0 5646168 3482500 16000 37000 260325 249550 1499 2135 5923992 3771185 0 0 0 0 1480952 2177633 0 0 468473 1604243 2386226 3085195 4563859 2838797 -792674 9847471 8821031 683624 374335 9163847 8446696 THE TEXAS ECONOMIC DEVELOPMENT CORPORATION IS AN INDEPENDENTLY FUNDED AND OPERATED 501(C)(3) NONPROFIT ORGANIZATION RESPONSIBLE FOR MARKETING AND PROMOTING TEXAS AS A PREMIER BUSINESS LOCATION. 0 0 3433037 37000 THE ORGANIZATION MARKETS TEXAS IN A DYNAMIC AND COMPETITIVE MANNER THROUGH PROMOTION OF ECONOMIC DEVELOPMENT AND JOB CREATION IN TEXAS. 3433037 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 6 0 1 13 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 TX X JOHN C ASEL CPA 2105445665 4725 COLLEGE PARK SUITE 200 SAN ANTONIO TX 78249 ADRIAN CANNADY BOARD TREASURER 0.00 X 0 0 0 ADRIANA CRUZ EX-OFFICIO BOARD MEMBER 0.00 X 0 0 0 ARUN AGARWAL BOARD CHAIR 0.00 X 0 0 0 EDUARDO MARGAIN BOARD MEMBER 0.00 X 0 0 0 GEORGE HENDERSON III BOARD MEMBER 0.00 X 0 0 0 KATIE FARMER BOARD MEMBER 0.00 X 0 0 0 L FREDRICK FRANCIS BOARD MEMBER 0.00 X 0 0 0 PETER J HOLT BOARD MEMBER 0.00 X 0 0 0 S DAVID DEANDA BOARD VICE CHAIR 0.00 X 0 0 0 ELIZABETH KILLINGER BOARD SECRETARY 0.00 X 0 0 0 AARON DEMERSON PRESIDENT & CEO 40.00 X 520521 0 18279 VALERIE SEGOVIA VICE PRESIDENT OF INVESTOR RELATIONS 40.00 X 92273 0 2550 DALE ROBERTSON VICE PRESIDENT OF BUSINESS DEVELOPMENT 40.00 X 135267 0 7700 WALTER BUCHHOLTZ DIR. OF OPERATIONS 40.00 X 195988 0 10478 BONNIE DOWNS DIRECTOR OF COMMUNICATIONS 40.00 X 109926 0 8037 EMILY LAWLEY DIRECTOR OF EVENTS 40.00 X 112409 0 3791 CHRISTIN EVANS VICE PRESIDENT OF EXTERNAL(FORMER) 40.00 X 177981 0 3940 MICHAEL CHROBAK EXECUTIVE VP(FORMER) 40.00 X 262684 0 8623 VERONICA BEYER DIRECTOR OF MARKETING & CO(FORMER) 40.00 X 165701 0 7979 1772750 0 71377 8 1 1 0 RAZOR RANK LLC 400 N ST PAUL ST STE 420 DALLAS TX 75201 MARKETING SERVICES 109787 1 3482500 3482500 PARTICIPATION FEES 900099 37000 37000 37000 222911 222911 2814000 2787361 26639 26639 26639 OTHER INCOME 900099 2135 2135 2135 3771185 37000 0 251685 1054421 717007 115986 221428 811158 551588 89227 170343 68794 46780 7567 14447 119334 81147 13127 25060 123926 84270 13632 26024 406 406 2978 2978 57500 57500 362349 362349 89325 89325 1302 1302 68348 68348 120692 120692 EVENTS 1434723 1434723 MATERIALS AND SUPPLIES 94257 94257 PROGRAM MARKETING 72838 72838 COMMUNICATION/UTILITIES 35101 35101 46407 13987 22551 9869 4563859 3433037 662349 468473 3101772 1251119 98949 106547 106874 90571 23418 16303 6230207 7165972 393125 281090 9847471 8821031 254050 59633 429574 314702 683624 374335 X 9163847 8446696 9163847 8446696 9847471 8821031 X -792674 73985 1538 X 0 1 X 1 0 X 3130667 3363692 3589420 5662167 3519500 19265446 3130667 3363692 3589420 5662167 3519500 19265446 2948405 16317041 17911 1279 39497 260325 249550 568562 985 1499 2135 4619 19838627 0.82250 0.84440 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2020 AMOUNT: $ 985. 2023 AMOUNT: $ 1,499. 2024 AMOUNT: $ 2,135. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 30807 30807 0 76067 59764 16303 16303 ST LEASE LIABILITY 123745 LT LEASE LIABILITY 190957 314702 5439934 73985 1594764 1668749 3771185 0 3771185 6157083 1594764 1594764 4562319 1540 1540 4563859 PART XII, LINE 4B - OTHER ADJUSTMENTS: ROU LEASE INDIA 0 0 BUSINESS DEVELOPMENT AND BUSINESS ATTRACTION. BUSINESS DEVELOPMENT 213416 JAPAN, KOREA, TAIWAN 0 0 BUSINESS DEVELOPMENT AND BUSINESS ATTRACTION. BUSINESS DEVELOPMENT 555978 THE UNITED KINGDOM 0 0 BUSINESS DEVELOPMENT AND BUSINESS ATTRACTION. BUSINESS DEVELOPMENT 115316 0 0 0 0 0 0 884710 0 884710 0 0 0 0 0 0 PART I, LINE 2: EFFORTS FOR TEXAS ECONOMIC DEVELOPMENT IN INTERNATIONAL MARKETS ARE FOCUSED ON: RAISING AWARENESS THAT BUSINESS CAN GO BIG IN TEXAS MARKETING THE STATE OF TEXAS TO TARGETED INDUSTRY BUSINESS LEADERS GENERATING BUSINESS OPPORTUNITIES FOR JOBS AND INVESTMENT IN TEXAS. TEXAS DELEGATION ACTIVITIES INCLUDED MEETINGS WITH BUSINESS EXECUTIVES, TRADE LEADERS AT RESPECTIVE U.S EMBASSIES AND INDIVIDUAL BUSINESS MEETINGS WITH GLOBAL BUSINESS LEADERS IN LOCATIONS ACROSS THE GLOBE, INCLUDING INDIA, THE UNITED KINGDOM, JAPAN, KOREA, AND TAIWAN. 1 0 0 0 0 0 0 0 0 AARON DEMERSON PRESIDENT & CEO 320521 0 200000 0 0 0 0 0 18279 0 538800 0 0 0 MICHAEL CHROBAK EXECUTIVE VP(FORMER) 162684 0 100000 0 0 0 0 0 8623 0 271307 0 0 0 WALTER BUCHHOLTZ DIR. OF OPERATIONS 164988 0 31000 0 0 0 0 0 10478 0 206466 0 0 0 CHRISTIN EVANS VICE PRESIDENT OF EXTERNAL(FORMER) 130918 0 47063 0 0 0 0 0 3940 0 181921 0 0 0 VERONICA BEYER DIRECTOR OF MARKETING & CO(FORMER) 165701 0 0 0 0 0 0 0 7979 0 173680 0 0 0 PART I, LINE 4A VERONICA BEYER $52,000.00 MICHAEL CHROBAK $119,994.68 CHRISTIN EVANS $30,120.00 FORM 990, PART VI, SECTION B, LINE 11B LINE 11B EXPLANATION - THE BOARD OF DIRECTORS OF TX EDC RECEIVES THE ANNUAL FORM 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A WRITTEN CONFLICT OF INTEREST, WHISTLEBLOWER, AND DOCUMENT RETENTION POLICY. THE CONFLICT OF INTEREST POLICY IS REVIEWED AND SIGNED ANNUALLY BY BOARD MEMBERS AND EMPLOYEES. FORM 990, PART VI, SECTION B, LINE 15A CEO COMPENSATION IS BASED IN PART ON A STUDY BY AN INDEPENDENT CONSULTANT. CEO COMPENSATION AND BONUS IS REVIEWED AND APPROVED ANNUALLY BY THE TXEDC BOARD DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 PROVIDED UPON REQUEST FORM 990, PART XI, LINE 9: ROU LEASE 1,540. ROUNDING -2.