Nonprofit · EIN 74-2508760
EAST AUSTIN ECONOMIC DEVELOPMENT CORP
Tax-exempt · AUSTIN, TX 78702
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2023 | 990 | -$64,630 | $42,091 | -$106,721 | $1,220,089 | $840,805 | $379,284 |
Financial details: 990 for the year ended December 31, 2023
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $210
- Net rental income
- -$64,840
- Other revenue
- -$64,840
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $32,880
- Occupancy
- $6,000
- Program services (functional)
- $32,580
- Management and general (functional)
- $9,511
Balance sheet and other
- Total assets, start of year
- $1,322,949
- Total assets, end of year
- $1,220,089
- Total liabilities, end of year
- $840,805
- Net assets, end of year
- $379,284
- Land, buildings and equipment
- $1,137,773
- Gross receipts
- $183,238
- Employees
- 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 December 31, 2023, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Lawrence Britton | BOD Trustee or director | 1 | $0 |
| Greg Roberson | BOD Trustee or director | 1 | $0 |
| Opal Irving | BOD Trustee or director | 1 | $0 |
| Gloria Davis | BOD Trustee or director | 1 | $0 |
| Ria Griffin | BOD Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1009 E 11TH ST STE 103, AUSTIN, TX 78702-1913
- Principal officer (990 for 2023)
- SHARON VILLEGAS, 1009 EAST 11TH, AUSTIN, TX 78702
- Signed the 990
- SHARON VILLEGAS, EXECUTIVE DIRECTOR
- Phone
- (512) 472-1472
- Return prepared by
- Thomas E Jensen LLC
Mission
Planning and Developing Housing Projects within blighted areas located in economic development zones
Program accomplishments
- Planning and Developing Housing Projects within blighted areas located in economic development zonesExpenses $32,580 · revenue -$64,840
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 | Not on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 74-2508760
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1990
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S31Z)
- Assets (IRS master file)
- $1,220,089
- Income (IRS master file)
- $183,238
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2023 | -$64,630 | $42,091 | $1,220,089 | XML |
| 990 | December 2022 | -$11,112 | $38,453 | $1,322,949 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 74-2508760).
Questions about EAST AUSTIN ECONOMIC DEVELOPMENT CORP
- What is the EIN of EAST AUSTIN ECONOMIC DEVELOPMENT CORP?
- The employer identification number (EIN) of EAST AUSTIN ECONOMIC DEVELOPMENT CORP is 74-2508760.
- Is EAST AUSTIN ECONOMIC DEVELOPMENT CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1990.
- Are donations to EAST AUSTIN ECONOMIC DEVELOPMENT CORP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does EAST AUSTIN ECONOMIC DEVELOPMENT CORP 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 EAST AUSTIN ECONOMIC DEVELOPMENT CORP 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 EAST AUSTIN ECONOMIC DEVELOPMENT CORP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2023.
- Who is the principal officer of EAST AUSTIN ECONOMIC DEVELOPMENT CORP?
- The 990 for the year ended December 31, 2023 names SHARON VILLEGAS.
- Who are the officers and directors of EAST AUSTIN ECONOMIC DEVELOPMENT CORP?
- The 990 for the year ended December 31, 2023 lists 5 people; 0 received compensation from the organization.
- How much revenue does EAST AUSTIN ECONOMIC DEVELOPMENT CORP have?
- On its 990 for the year ended December 31, 2023 it reported revenue of -$64,630, expenses of $42,091 and total assets of $1,220,089 at year end.
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