Nonprofit · EIN 74-2504998
TEMPLE ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt · TEMPLE, TX 76501
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $22,794,776 | $4,324,832 | $18,469,944 | $85,498,445 | $8,548,673 | $76,949,772 |
| September 30, 2024 | 990 | $17,605,774 | $6,584,623 | $11,021,151 | $65,371,828 | $6,892,000 | $58,479,828 |
| September 30, 2023 | 990 | $3,102,496 | $2,228,248 | $874,248 | $54,673,490 | $7,214,813 | $47,458,677 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $10,217,868
- of which government grants
- $10,186,868
- Program service revenue
- $0
- Investment income
- $263,719
- Net rental income
- $76,179
- Other revenue
- $12,313,189
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $621,413
- Other salaries and wages
- $178,587
- Salaries, compensation and benefits (total)
- $1,018,547
- Professional fundraising fees
- $0
- Occupancy
- $171,445
- Travel
- $5,157
- Depreciation
- $56,620
Balance sheet and other
- Total assets, start of year
- $65,371,828
- Total assets, end of year
- $85,498,445
- Total liabilities, end of year
- $8,548,673
- Net assets, end of year
- $76,949,772
- Land, buildings and equipment
- $4,356,265
- Gross unrelated business income
- $72,719
- Gross receipts
- $23,342,397
- Employees
- 5
- Volunteers
- 0
- Year formed
- 1988
- 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 September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ADRIAN CANNADY | PRESIDENT Officer | 40 | $410,206 | $15,000 |
| JESSICA WALKER | DIRECTOR Trustee or director | 0 | $0 | $0 |
| BOB BROWDER | RZ CHAIR Trustee or director, Officer | 0 | $0 | $0 |
| TIM DAVIS | DIRECTOR Trustee or director | 0 | $0 | $0 |
| BO HARVEY | DIRECTOR Trustee or director | 0 | $0 | $0 |
| MICHAEL NORMAN | DIRECTOR Trustee or director | 0 | $0 | $0 |
| GARY SCHMIDT | EX-OFFICIO Trustee or director, Officer | 0 | $0 | $0 |
| BRIAN REINHARDT | DIRECTOR Trustee or director | 0 | $0 | $0 |
| BJ LITTLE | DIRECTOR Trustee or director | 0 | $0 | $0 |
| SCOTT SNELL | DIRECTOR Trustee or director | 0 | $0 | $0 |
| JOHN HOWE | CHAIRMAN Trustee or director, Officer | 0 | $0 | $0 |
| BRYAN DANIEL | DIRECTOR Trustee or director | 0 | $0 | $0 |
| PERRY CLOUD | DIRECTOR Trustee or director | 0 | $0 | $0 |
| BRYNN MYERS | DIRECTOR Trustee or director | 0 | $0 | $0 |
| TONY HALE | DIRECTOR Trustee or director | 0 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID NIX | TREASURER/SEC Trustee or director, Officer | 0 | $0 |
| TYLER JOHNSON | VICE CHAIRMAN Trustee or director, Officer | 0 | $0 |
990 for the year ended September 30, 2024: 17 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ADRIAN CANNADY | PRESIDENT Officer | 40 | $373,550 |
| JESSICA WALKER | DIRECTOR Trustee or director | 0 | $0 |
| BOB BROWDER | RZ CHAIR Trustee or director, Officer | 0 | $0 |
| TIM DAVIS | DIRECTOR Trustee or director | 0 | $0 |
| BO HARVEY | DIRECTOR Trustee or director | 0 | $0 |
| MICHAEL NORMAN | DIRECTOR Trustee or director | 0 | $0 |
| GARY SCHMIDT | EX-OFFICIO Trustee or director, Officer | 0 | $0 |
| BRIAN REINHARDT | DIRECTOR Trustee or director | 0 | $0 |
| BLAKE PITTS | DIRECTOR Trustee or director | 0 | $0 |
| SCOTT SNELL | DIRECTOR Trustee or director | 0 | $0 |
| JOHN HOWE | CHAIRMAN Trustee or director, Officer | 0 | $0 |
| BRYAN DANIEL | DIRECTOR Trustee or director | 0 | $0 |
| PERRY CLOUD | DIRECTOR Trustee or director | 0 | $0 |
| BRYNN MYERS | DIRECTOR Trustee or director | 0 | $0 |
| TONY HALE | DIRECTOR Trustee or director | 0 | $0 |
| DAVID NIX | TREASURER/SEC Trustee or director, Officer | 0 | $0 |
| TYLER JOHNSON | VICE CHAIRMAN Trustee or director, Officer | 0 | $0 |
990 for the year ended September 30, 2023: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ADRIAN CANNADY | PRESIDENT Officer | 40 | $534,462 | $15,000 |
| JUDY MORALES | DIRECTOR Trustee or director | 0 | $0 | $0 |
| BRYAN DANIEL | RZ CHAIR Trustee or director, Officer | 0 | $0 | $0 |
| TIM DAVIS | DIRECTOR Trustee or director | 0 | $0 | $0 |
| BO HARVEY | DIRECTOR Trustee or director | 0 | $0 | $0 |
| THOMAS BAIRD | DIRECTOR Trustee or director | 0 | $0 | $0 |
| STEVE WRIGHT | EX-OFFICIO Trustee or director, Officer | 0 | $0 | $0 |
| BRIAN REINHARDT | DIRECTOR Trustee or director | 0 | $0 | $0 |
| BLAKE PITTS | DIRECTOR Trustee or director | 0 | $0 | $0 |
| ALITA RISINGER | DIRECTOR Trustee or director | 0 | $0 | $0 |
| GARY SCHMIDT | CHAIRMAN Trustee or director, Officer | 0 | $0 | $0 |
| BOB BROWDER | DIRECTOR Trustee or director | 0 | $0 | $0 |
| SONJANETTE CROSSLEY | DIRECTOR Trustee or director | 0 | $0 | $0 |
| BRYNN MYERS | DIRECTOR Trustee or director | 0 | $0 | $0 |
| TONY HALE | DIRECTOR Trustee or director | 0 | $0 | $0 |
| TYLER JOHNSON | TREASURER Trustee or director, Officer | 0 | $0 | $0 |
| JOHN HOWE | VICE CHAIRMAN Trustee or director, Officer | 0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 201 SANTA FE WAY STE 103, TEMPLE, TX 76501-4261
- Principal officer (990 for 2024)
- ADRIAN CANNADY, 201 SANTA FE WAY SUITE 103, TEMPLE, TX 76501
- Signed the 990
- ADRIAN CANNADY, PRESIDENT
- Phone
- (254) 773-8332
- Website
- WWW.CHOOSETEMPLE.COM
- Return prepared by
- BGF&N PC
Mission
NONE
Program accomplishments
- ECONOMIC DEVELOPMENT AND JOB CREATION
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 September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 15, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 16, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 17, 2025 | 990 on file |
IRS record
- EIN
- 74-2504998
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1989
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $85,498,445
- Income (IRS master file)
- $23,342,397
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $22,794,776 | $4,324,832 | $85,498,445 | IRS |
| 990 | September 2024 | $17,605,774 | $6,584,623 | $65,371,828 | XML |
| 990 | September 2023 | $3,102,496 | $2,228,248 | $54,673,490 | XML |
| 990 | September 2022 | $25,893,208 | $2,548,428 | $53,020,825 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 2018 | – | – | – | 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 74-2504998).
Questions about TEMPLE ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of TEMPLE ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of TEMPLE ECONOMIC DEVELOPMENT CORPORATION is 74-2504998.
- Is TEMPLE ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1989.
- Are donations to TEMPLE ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does TEMPLE ECONOMIC DEVELOPMENT CORPORATION 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 TEMPLE ECONOMIC DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did TEMPLE ECONOMIC DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of TEMPLE ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended September 30, 2025 names ADRIAN CANNADY.
- Who are the officers and directors of TEMPLE ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended September 30, 2025 lists 17 people; 1 received compensation from the organization, the highest $410,206 (ADRIAN CANNADY, PRESIDENT).
- How much revenue does TEMPLE ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $22,794,776, expenses of $4,324,832 and total assets of $85,498,445 at year end.
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