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Nonprofit · EIN 74-2594957

KILLEEN ECONOMIC DEVELOPMENT CORPORATION

Tax-exempt · KILLEEN, TX 76541

Financials

$2.6M$1.7M2022$1.7M$1.5M2023$1.5M$1.5M2024
Revenue Expenses · by fiscal year end
Financials of KILLEEN ECONOMIC DEVELOPMENT CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
September 30, 2025990$1,539,026$1,531,081$7,945$12,268,156$2,694,301$9,573,855
September 30, 2024990$1,739,263$1,479,458$259,805$13,387,201$3,821,291$9,565,910
September 30, 2023990$2,552,550$1,688,514$864,036$9,564,725$205,532$9,359,193
Financial details: 990 for the year ended September 30, 2025

Revenue

Contributions, gifts and grants
$885,000
of which government grants
$885,000
Program service revenue
$450,040
Investment income
$203,986
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$11,055
Occupancy
$97,899
Depreciation
$166,481
Program services (functional)
$1,531,081

Balance sheet and other

Total assets, start of year
$13,387,201
Total assets, end of year
$12,268,156
Total liabilities, end of year
$2,694,301
Net assets, end of year
$9,573,855
Land, buildings and equipment
$7,519,570
Net assets without donor restrictions
$9,573,855
Gross receipts
$1,539,026
Employees
0
Volunteers
0
Year formed
1990
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.

NameTitleHours / weekCompensation
CURT GAINESKIF REP
Trustee or director
0$0
NINA COBBSECRETARY
Trustee or director, Officer
0$0
ANTHONY KENDRICKCITY REP
Trustee or director
0$0
DEBBIE NASH-KINGCITY REP
Trustee or director
0$0
JOSE GUZMANVICE PRESIDENT
Trustee or director, Officer
0$0
SCOTT COSPERCHAMBER REP
Trustee or director
0$0
TODD FOXTREASURER
Trustee or director, Officer
0$0
AMY MILSAPCHAMBER REP
Trustee or director
0$0
KELLY BROWNPRESIDENT
Trustee or director, Officer
0$0
990 for the year ended September 30, 2024: 9 people
NameTitleHours / weekCompensation
TAD DORROHPRESIDENT
Trustee or director
0$0
NINA COBBCITY REP
Trustee or director
0$0
JESSSICA GONZALEZCITY REP
Trustee or director
0$0
DEBBIE NASH-KINGCITY REP
Trustee or director
0$0
JOSE GUZMANVICE PRESIDENT
Trustee or director, Officer
0$0
SCOTT COSPERCHAMBER REP
Trustee or director, Officer
0$0
TODD FOXCHAMBER REP
Trustee or director, Officer
0$0
AMY MILSAPCHAMBER REP
Trustee or director
0$0
KELLY BROWNKIF REP
Trustee or director
0$0
990 for the year ended September 30, 2023: 10 people
NameTitleHours / weekCompensation
SCOTT CONNELLEXECUTIVE DIRECTOR
Trustee or director
0.5$0
JESSICA GONZALEZCITY REP
Trustee or director
0.3$0
MICHAEL BOYDCITY REP
Trustee or director
0$0
DEBBIE NASH-KINGCITY REP
Trustee or director
0$0
RANDY SUTTONPRESIDENT
Trustee or director, Officer
0.3$0
JOSE GUZMANKIF REP
Trustee or director
0$0
TODD FOXTREASURER
Trustee or director, Officer
0.3$0
MEREDITH VIGUERSCHAMBER REP
Trustee or director
0$0
TAD DORRAHVICE PRESIDENT
Trustee or director, Officer
0$0
MATT CONNELLSECRETARY
Trustee or director, Officer
0$0

Address and contacts

Address (IRS master file)
1 SANTA FE PLAZA DR, KILLEEN, TX 76541-5258
Principal officer (990 for 2024)
KELLY BROWN, ONE SANTA FE PLAZA, KILLEEN, TX 76541
Signed the 990
KELLY BROWN, PRESIDENT
Phone
(254) 526-9551
Return prepared by
LOTT VERNON & CO PC

Mission

TO PROMOTE ECONOMIC DEVELOPMENT IN THE COMMUNITY BY EXPANDNG EXISTING BUSINESSES AND ATTRACTING NEW BUSINESSES.

990 for the year ended September 30, 2025

Program accomplishments

  • TO PROVIDE MATCHING SCHOLARSHIP FUNDS GENERATED IN THE COMMUNITY AND TO BE USED FOR ECONOMIC DEVELOPMENT INCENTIVES FOR PROSPECTIVE BUSINESSES
    Expenses $1,531,081

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 yearYear endedDueIRS public records
2025September 30, 2026February 16, 2027Not due yet
2024September 30, 2025February 17, 2026990 on file
2023September 30, 2024February 18, 2025990 on file

IRS record

EIN
74-2594957
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
1991
Accounting year ends
September
Files
Form 990 or 990-EZ
Assets (IRS master file)
$12,268,156
Income (IRS master file)
$1,539,026

Filing history

FormYear endedRevenueExpensesAssetsReturn
990September 2025$1,539,026$1,531,081$12,268,156XML
990September 2024$1,739,263$1,479,458$13,387,201XML
990September 2023$2,552,550$1,688,514$9,564,725XML
990September 2022$1,343,814$1,366,487$9,505,741IRS
990September 2021–––IRS
990September 2020–––IRS
990September 2019–––IRS
990September 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 74-2594957).

Questions about KILLEEN ECONOMIC DEVELOPMENT CORPORATION

What is the EIN of KILLEEN ECONOMIC DEVELOPMENT CORPORATION?
The employer identification number (EIN) of KILLEEN ECONOMIC DEVELOPMENT CORPORATION is 74-2594957.
Is KILLEEN ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1991.
Are donations to KILLEEN ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does KILLEEN 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 KILLEEN ECONOMIC DEVELOPMENT CORPORATION due?
The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did KILLEEN 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 KILLEEN ECONOMIC DEVELOPMENT CORPORATION?
The 990 for the year ended September 30, 2025 names KELLY BROWN.
Who are the officers and directors of KILLEEN ECONOMIC DEVELOPMENT CORPORATION?
The 990 for the year ended September 30, 2025 lists 9 people; 0 received compensation from the organization.
How much revenue does KILLEEN ECONOMIC DEVELOPMENT CORPORATION have?
On its 990 for the year ended September 30, 2025 it reported revenue of $1,539,026, expenses of $1,531,081 and total assets of $12,268,156 at year end.

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