2025-03-19T13:48:06-07:00 2024-09-30 751503978 HENRY & PETERS PC 3304 S BROADWAY AVE TYLER TX 75701 990 2023-10-01 752254467 TYLER ECONOMIC DEVELOPMENT COUNCIL INC TYLE 9035932004 315 N BROADWAY SUITE 300 TYLER TX 75702 SCOTT MARTINEZ PRESIDENT 2024-03-18 true true Jana K Broussard P00840452 9035976311 2023 2025-03-06 01:10:19Z SCOTT MARTINEZ 315 N BROADWAY SUITE 300 TYLER TX 75702 2075133 false X WWW.TEDC.ORG X 1989 TX SUPPORT ECONOMIC DEVELOPMENT OF GREATER TYLER AREA. 39 38 6 66 0 706250 1323750 0 2154 341280 93395 101873 801799 1766903 0 0 742223 866612 0 0 594325 699814 1336548 1566426 -534749 200477 11624320 12156758 2288604 2258793 9335716 9897965 SUPPORT ECONOMIC DEVELOPMENT OF GREATER TYLER AREA. false false 1402220 THE EXEMPT PURPOSE OF TEDC, INC. IS TO ATTRACT NEW INDUSTRY TO TYLER, TX AND THE SURROUNDING AREA AND TO ENCOURAGE GROWTH WITHIN EXISTING BUSINESSES. THIS PURPOSE HAS BEEN ACHIEVED BY NUMEROUS CONTACTS WITH POTENTIAL NEW BUSINESSES AND VISITS TO THE TYLER AREA BY REPRESENTATIVES OF THESE BUSINESSES.ESTIMATED VALUE OF DONATED SERVICES IS $2,500 DURING THE FISCAL YEAR. 1402220 true true false false false false false false false false true false false false false true true false false false false false false false false false false false false true false false false false false false false true false false false false false false false false false true 10 0 false 6 true false false false false false false false 0 false false false false false false false X 39 38 false false false false false false false true true false false true true true true true false false true false X KARLA ANDERS 9035932004 315 N BROADWAY SUITE 300 TYLER TX 75702 SCOTT MARTINEZ President 40.00 0.00 X X 278481 0 48370 JOSHUA JOHNSTON Director 1.00 0.00 X 0 0 0 MIKE THOMAS Director 1.00 0.00 X 0 0 0 LEE GIBSON Treasurer 1.00 0.00 X X 0 0 0 JAMES MURPHY Director 1.00 0.00 X 0 0 0 EDWARD BROUSSARD CITY REP. 1.00 0.00 X X 0 0 0 PAT STACEY TACC CHAIR 1.00 0.00 X X 0 0 0 ED THOMPSON Director 1.00 0.00 X 0 0 0 REA BOUDREAUX Director 1.00 0.00 X 0 0 0 SHANNON DACUS Director 1.00 0.00 X 0 0 0 BARBARA BASS Director 1.00 0.00 X 0 0 0 DWIGHT FENNELL Director 1.00 0.00 X 0 0 0 TOM ELLIS Director 1.00 0.00 X 0 0 0 DONALD WARREN Director 1.00 0.00 X 0 0 0 TOM PERKINS Director 1.00 0.00 X 0 0 0 WESLEY HAMM Director 1.00 0.00 X 0 0 0 CHARLES GORDON Director 1.00 0.00 X 0 0 0 ROSEMARY JONES Director 1.00 0.00 X 0 0 0 DONALD BAKER At Large 1.00 0.00 X X 0 0 0 CHARLES HILL Imm. Past Chair 1.00 0.00 X X 0 0 0 ROY MARTINEZ Vice Chairman 1.00 0.00 X X 0 0 0 RAY MCKINNEY Chairman 1.00 0.00 X X 0 0 0 HENRY BELL Director 1.00 0.00 X 0 0 0 NEAL FRANKLIN COUNTY REP. 1.00 0.00 X X 0 0 0 HERBERT C BUIE Director 1.00 0.00 X 0 0 0 LONNY UZZELL Director 1.00 0.00 X 0 0 0 MYLENDA HENSLEY Director 1.00 0.00 X 0 0 0 BOBBY CURTIS Director 1.00 0.00 X 0 0 0 GARNETT BROOKSHIRE AT LARGE 1.00 0.00 X X 0 0 0 CLAUDE HENRY Director 1.00 0.00 X 0 0 0 JAMES SHERIDAN Director 1.00 0.00 X 0 0 0 MARK WHATLEY Director 1.00 0.00 X 0 0 0 ARCHIE TUCKER Director 1.00 0.00 X 0 0 0 BRAD CURTIS Secretary 1.00 0.00 X X 0 0 0 MICHAEL BOSWORTH Director 1.00 0.00 X 0 0 0 RANDY ROBERTS Director 1.00 0.00 X 0 0 0 GREG ADCOCK Director 1.00 0.00 X 0 0 0 JASON PROCTOR At Large 1.00 0.00 X X 0 0 0 JULIE PHILLEY Director 1.00 0.00 X 0 0 0 BRENT BYERS Director 1.00 0.00 X 0 0 0 TODD BUCHANAN Director 1.00 0.00 X 0 0 0 JEREMY DOYLE Director 1.00 0.00 X 0 0 0 DR JUAN MEJIA Director 1.00 0.00 X 0 0 0 JEFF HARRIS Director 1.00 0.00 X 0 0 0 AMBER OWEN Director 1.00 0.00 X 0 0 0 JIM THOMPSON Director 1.00 0.00 X 0 0 0 THOMAS NEUHOFF Director 1.00 0.00 X 0 0 0 THOMAS SMITH Director 1.00 0.00 X 0 0 0 278481 48370 1 false true false 0 226375 1097375 1323750 0 139508 139508 0 0 37991 37991 37991 37991 249689 260313 245480 62750 4209 197563 201772 197563 4209 0 0 0 MISCELLANEOUS 900099 63882 63882 63882 1766903 235554 207599 X 0 0 0 0 292930 281213 11717 0 377871 362756 15115 0 132017 126736 5281 63794 61242 2552 0 0 0 0 0 0 169484 130485 38999 69649 69649 24092 19668 4424 0 0 42856 41142 1714 16078 12862 3216 0 0 147762 147293 469 0 67962 43382 24580 7750 6822 928 DUES & SUBSCRIPTIONS 36397 36397 MEALS & ENTERTAINMENT 26829 6707 20122 COMPUTER EXPENSE 26029 18220 7809 INVESTMENT EXPENSE 14843 14843 50083 37646 12437 1566426 1402220 164206 0 508263 494226 462259 791037 11250 0 0 0 0 329027 169737 0 23281 82410 8197102 497238 7468613 7699864 2637896 2764154 0 0 0 183731 155330 11624320 12156758 127907 332774 2160697 1926019 2288604 2258793 X 8443816 8980273 891900 917692 9335716 9897965 11624320 12156758 200477 361772 X false true X true false X 1146206 910506 729703 706250 1323750 4816415 0 0 1146206 910506 729703 706250 1323750 4816415 513796 4302619 124933 159871 100035 134251 139508 658598 0 77358 87197 78624 93395 165258 501832 5976845 0.71990 0.77610 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7169270 7169270 677069 238154 438915 220862 191449 29413 129901 67635 62266 7699864 X 2113832 361772 -14843 346929 1766903 1766903 1551583 -14843 -14843 1566426 1566426 Part X : FIN48 Footnote In accordance with FASB ASC 740, Income Taxes, management has evaluated the Organizations tax positions and concluded that the Organization has taken no uncertain tax positions that required adjustments to the financial statements to comply with the provisions of this guidance. The Organizations tax returns are subject to examination by the Internal Revenue Service, generally for three years from the date of filing. true X false false false false false false false false false SCOTT MARTINEZ President 229099 40000 9382 22534 25836 326851 JESSIE S MARTINEZ PRESIDENT SEE SUPPLEMENTAL INFORMATI false Schedule L, Part V Supplemental Information TYLER ECONOMIC DEVELOPMENT COUNCIL HAS ENTERED AN AGREEMENT WITH THE TYLER AREA CHAMBER OF COMMERCE FOR THE JOINT PROMOTION OF TYLER. THE AGREEMENT WAS EXECUTED IN 1992 AND STIPULATED THAT THE PRESIDENT OF TEDC (JESSIE SCOTT MARTINEZ) WOULD ALSO SERVE AS THE EXECUTIVE DIRECTOR OF THE CHAMBER. FOR THE YEAR ENDED SEPTEMBER 30, 2024, THE CHAMBER PAID TEDC $32,142 TO REIMBURSE TEDC FOR PAYROLL COSTS OF JESSIE S. MARTINEZ AND OTHER SHARED EMPLOYEES. TEDC ENTERED INTO A FIFTEEN YEAR LEASE AGREEMENT WITH THE CHAMBER ON JANUARY 1, 1999. BEFORE THE LEASE EXPIRED, TEDC AMENDED THE LEASE TO EXTEND TO DECEMBER 31, 2022. THE LEASE EXPIRED ON DECEMBER 31, 2022 AND HAS BEEN RENEWED AND EXTENDED UNDER SIMILAR TERMS FOR 36 MONTHS, WHICH HAS BEEN INCLUDED IN RECORDING THE OPERATING LEASE RIGHT OF USE ASSET USING AN INTEREST RATE OF 4%. RENT EXPENSE FOR THE YEAR ENDED SEPTEMBER 30, 2024 WAS $42,856. Form 990, Part VI, Section B, Line 11b THE FORM 990 IS PROVIDED TO THE EXECUTIVE COMMITTEE FOR THEIR REVIEW BEFORE IT IS FILED. Form 990, Part VI, Section B, Line 12c THE WRITTEN CONFLICT OF INTEREST POLICY IS SIGNED BY EVERY BOARD MEMBER AND RETAINED AT THE OFFICE OF THE ORGANIZATION. Form 990, Part VI, Section B, Line 15b THE TYLER ECONOMIC DEVELOPMENT COUNCIL DIRECTORS/OFFICERS FORM THE ANNUAL REVIEW COMMITTEE. THE LATEST FORMAL REVIEW WAS CONDUCTED ON SEPTEMBER 10, 2024. IF A PERFORMANCE REVIEW OCCURS, THE CHAIRMAN ADVISES THE CEO OF THE DECISIONS. ANY SALARY ADJUSTMENT OR BONUS PROPOSED IS PRESENTED TO THE FINANCE COMMITTEE AND INCLUDED IN THE FOLLOWING YEAR'S BUDGET WHICH IS APPROVED BY THE BOARD. Form 990, Part VI, Section C, Line 19 DISCLOSURE OF GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST.