Nonprofit · EIN 20-0321679
KATY AREA ECONOMIC DEVELOPMENT
Tax-exempt · KATY, TX 77449
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $588,302 | $587,271 | $1,031 | $327,167 | $317,089 | $10,078 |
| December 31, 2023 | 990 | $479,233 | $419,948 | $59,285 | $290,092 | $281,045 | $9,047 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $585,133
- Membership dues
- $542,671
- Program service revenue
- $0
- Investment income
- $3,169
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $271,880
- Salaries, compensation and benefits (total)
- $298,873
- Professional fundraising fees
- $0
- Legal fees
- $29,400
- Accounting fees
- $7,500
- Occupancy
- $74,336
- Depreciation
- $6,475
- Program services (functional)
- $416,507
- Management and general (functional)
- $125,228
- Fundraising (functional)
- $45,536
Balance sheet and other
- Total assets, start of year
- $290,092
- Total assets, end of year
- $327,167
- Total liabilities, end of year
- $317,089
- Net assets, end of year
- $10,078
- Land, buildings and equipment
- $6,475
- Net assets without donor restrictions
- $10,078
- Gross receipts
- $588,302
- Employees
- 3
- Volunteers
- 0
- Year formed
- 2003
- State of legal domicile
- TX
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Angela Thomason | President/CEO Officer, Key employee, Highest-paid employee | 40 | $172,002 |
| Paul Kurt | Chairman Trustee or director, Officer | 5 | $0 |
| Danielle Wright | Vice Chairman Trustee or director, Officer | 2.5 | $0 |
| Scott Bartholomaus | Treasurer Trustee or director, Officer | 2.5 | $0 |
| Sam Henderson | Secretary Trustee or director, Officer | 2.5 | $0 |
| Alex Matheus | Board of Governors Trustee or director | 1 | $0 |
| Bill Callegari | Board of Governors Trustee or director | 1 | $0 |
| Bob Chalker | Board of Governors Trustee or director | 1 | $0 |
| Bobby Hunt | Board of Governors Trustee or director | 1 | $0 |
| Byron Hebert | Board of Governors Trustee or director | 1 | $0 |
| Cesar Diaz | Board of Governors Trustee or director | 1 | $0 |
| Cameron Yearty | Board of Governors Trustee or director | 1 | $0 |
| Christina Miller | Board of Governors Trustee or director | 1 | $0 |
| Downy Vickery | Board of Governors Trustee or director | 1 | $0 |
| James Uhl | Board of Governors Trustee or director | 1 | $0 |
26 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JR Richardson | Board of Governors Trustee or director | 1 | $0 |
| Jason Grisham | Board of Governors Trustee or director | 1 | $0 |
| Jay Neal | Board of Governors Trustee or director | 1 | $0 |
| Jerry Ashworth | Board of Governors Trustee or director | 1 | $0 |
| Jim Black | Board of Governors Trustee or director | 1 | $0 |
| Kara Abrameit | Board of Governors Trustee or director | 1 | $0 |
| Kathleen Anzivino | Board of Governors Trustee or director | 1 | $0 |
| Kay Fitzsimons | Board of Governors Trustee or director | 1 | $0 |
| Dr Ken Gregorski | Board of Governors Trustee or director | 1 | $0 |
| Kerry Gilbert | Board of Governors Trustee or director | 1 | $0 |
| Kyle Stanzel | Board of Governors Trustee or director | 1 | $0 |
| Maxwell Rowland | Board of Governors Trustee or director | 1 | $0 |
| Mark Gehringer | Board of Governors Trustee or director | 1 | $0 |
| Rich Patrick | Board of Governors Trustee or director | 1 | $0 |
| Richard Phillips | Board of Governors Trustee or director | 1 | $0 |
| Rick Lawler | Immediate Past Chair Trustee or director, Officer | 3 | $0 |
| Robert Glenn | Board of Governors Trustee or director | 1 | $0 |
| Ronald Salazar | Board of Governors Trustee or director | 1 | $0 |
| Stan Goss | Board of Governors Trustee or director | 1 | $0 |
| Ted Vierling | Board of Governors Trustee or director | 1 | $0 |
| William Baird | Board of Governors Trustee or director | 1 | $0 |
| William Thiele | Board of Governors Trustee or director | 1 | $0 |
| Woody Mann Jr | Board of Governors Trustee or director | 1 | $0 |
| Caleb Stone | Board of Governors Trustee or director | 1 | $0 |
| Jon Perrella | Board of Governors Trustee or director | 1 | $0 |
| Alan Perez | Board of Governors Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 36 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Angela Thomason | Interim President/CEO Officer, Key employee, Highest-paid employee | 40 | $78,571 |
| Charles H Martinez | President/CEO Officer, Key employee, Former | 40 | $25,000 |
| Kara Abrameit | Board of Governors Trustee or director | 1 | $0 |
| Kathleen Anzivino | Board of Governors Trustee or director | 1 | $0 |
| Jerry Ashworth | Board of Governors Trustee or director | 1 | $0 |
| Masaud Baaba | Board of Governors Trustee or director | 1 | $0 |
| Scott Bartholomaus | Treasurer Trustee or director, Officer | 2.5 | $0 |
| Jim Black | Board of Governors Trustee or director | 1 | $0 |
| Dan Boggio | Board of Governors Trustee or director | 1 | $0 |
| Bill Callegari | Board of Governors Trustee or director | 1 | $0 |
| Karla DeCuir | Board of Governors Trustee or director | 1 | $0 |
| Chris Forrest | Board of Governors Trustee or director | 1 | $0 |
| Christina Frith | Secretary Trustee or director, Officer | 1 | $0 |
| Mark Gehringer | Board of Governors Trustee or director | 1 | $0 |
| Kerry Gilbert | Board of Governors Trustee or director | 1 | $0 |
| Dr Robert Glenn | Board of Governors Trustee or director | 1 | $0 |
| Tim Gonzalez | Board of Governors Trustee or director | 1 | $0 |
| Stan Goss | Board of Governors Trustee or director | 1 | $0 |
| Jason Grisham | Board of Governors Trustee or director | 1 | $0 |
| Byron Hebert | Board of Governors Trustee or director | 1 | $0 |
| Sam Henderson | Board of Governors Trustee or director | 1 | $0 |
| Paul Kurt | Chair Trustee or director, Officer | 5 | $0 |
| Rick Lawler | Immediate Past Chair Trustee or director, Officer | 3 | $0 |
| John Linn | Board of Governors Trustee or director | 1 | $0 |
| Woody Mann | Board of Governors Trustee or director | 1 | $0 |
| Wesley Martin | Board of Governors Trustee or director | 1 | $0 |
| Matthew McCafferty | Board of Governors Trustee or director | 1 | $0 |
| Christina Miller | Board of Governors Trustee or director | 1 | $0 |
| Dr Jay Neal | Board of Governors Trustee or director | 1 | $0 |
| Caeti Pellegrin | Board of Governors Trustee or director | 1 | $0 |
| Dick Phillips | Board of Governors Trustee or director | 1 | $0 |
| Steve Sams | Board of Governors Trustee or director | 1 | $0 |
| Kyle Stanzel | Board of Governors Trustee or director | 1 | $0 |
| Matt Stoops | Board of Governors Trustee or director | 1 | $0 |
| Downy Vickery | Board of Governors Trustee or director | 1 | $0 |
| Danielle Wright | Vice Chair Trustee or director, Officer | 2.5 | $0 |
Address and contacts
- Address (IRS master file)
- 2002 W GRAND PKWY N STE 220, KATY, TX 77449-1964
- In care of
- % LANCE LACOUR
- Principal officer (990 for 2024)
- PAUL KURT, 2002 W GRAND PARKWAY NORTH SUITE 22, KATY, TX 77449
- Signed the 990
- SCOTT BARTHOLOMAUS, TREASURER
- Phone
- (281) 396-2200
- Website
- www.katyedc.org
- Return prepared by
- KURT & ASSOCIATES PC
Mission
TO ESTABLISH THE KATY AREA AS THE PREMIER LOCATION FOR FAMILIES AND BUSINESSES THROUGH PLANNED ECONOMIC GROWTH AND DEVELOPMENT.
Program accomplishments
- PURSUE, ENHANCE, MAINTAIN, AND PROMOTE ECONOMIC DEVELOPMENT IN KATY, TEXAS. CONDUCT MONTHLY MEETINGS FOR MEMBERS TO DISCUSS BUSINESS ISSUES. PARTNER WITH KATY AREA CHAMBER OF COMMERCE AND CITY OF KATY AND AREA COUNTIES TO PROMOTE ECONOMIC DEVELOPMENT. ADVOCATE AND PROMOTE EXCELLENCE IN PUBLIC EDUCATION.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-0321679
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2004
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $327,167
- Income (IRS master file)
- $588,302
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $588,302 | $587,271 | $327,167 | XML |
| 990 | December 2023 | $479,233 | $419,948 | $290,092 | XML |
| 990 | December 2022 | $578,174 | $645,087 | $206,577 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-0321679).
Questions about KATY AREA ECONOMIC DEVELOPMENT
- What is the EIN of KATY AREA ECONOMIC DEVELOPMENT?
- The employer identification number (EIN) of KATY AREA ECONOMIC DEVELOPMENT is 20-0321679.
- Is KATY AREA ECONOMIC DEVELOPMENT tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2004.
- Are donations to KATY AREA ECONOMIC DEVELOPMENT tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does KATY AREA ECONOMIC DEVELOPMENT file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of KATY AREA ECONOMIC DEVELOPMENT due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did KATY AREA ECONOMIC DEVELOPMENT last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of KATY AREA ECONOMIC DEVELOPMENT?
- The 990 for the year ended December 31, 2024 names PAUL KURT.
- Who are the officers and directors of KATY AREA ECONOMIC DEVELOPMENT?
- The 990 for the year ended December 31, 2024 lists 41 people; 1 received compensation from the organization, the highest $172,002 (Angela Thomason, President/CEO).
- How much revenue does KATY AREA ECONOMIC DEVELOPMENT have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $588,302, expenses of $587,271 and total assets of $327,167 at year end.
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All nonprofits in KATY · Texas · Community improvement and capacity building