2022-02-07T09:37:39-08:00 2021-09-30 751503978 HENRY & PETERS PC 3310 S BROADWAY AVE STE 100 TYLER TX 75701 990 2020-10-01 752254467 TYLER ECONOMIC DEVELOPMENT COUNCIL INC TYLE 9035932004 315 N BROADWAY SUITE 300 TYLER TX 75702 SCOTT MARTINEZ PRESIDENT 2022-02-07 true SCOTT MARTINEZ 999009999 Jana K Broussard P00840452 9035976311 2 AAL1 IAL1 FAL1 2020 2022-09-23 18:48:47Z SCOTT MARTINEZ 315 N BROADWAY SUITE 300 TYLER TX 75702 1688335 false X WWW.TEDC.ORG X 1989 TX SUPPORT ECONOMIC DEVELOPMENT OF GREATER TYLER AREA. 40 38 8 65 0 1146206 910506 0 140611 533142 77358 87197 1364175 1530845 0 0 725557 652907 0 0 698640 480629 1424197 1133536 -60022 397309 9593670 10571197 150091 102709 9443579 10468488 SUPPORT ECONOMIC DEVELOPMENT OF GREATER TYLER AREA. false false 889120 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. 889120 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 8 0 false 8 true false false false false false false false 0 false false false false false false false X 40 38 false false false false false false false true true false false true true true true true false false true false X FELECIA HERNDON 9035932004 315 N BROADWAY SUITE 300 TYLER TX 75702 THOMAS G MULLINS FORMER CEO 1.00 0.00 X 191768 0 34957 SCOTT MARTINEZ President 40.00 0.00 X 59838 0 18147 JOE WOELKERS Director 1.00 0.00 X 0 0 0 TAYLOR BURNS RE COMM. CHAIR 1.00 0.00 X X 0 0 0 MIKE THOMAS Director 1.00 0.00 X 0 0 0 LEE GIBSON FINANCE CHAIR 1.00 0.00 X X 0 0 0 BARHAM FULMER RESOURCE CHAIR 1.00 0.00 X X 0 0 0 EDWARD BROUSSARD CITY REP. 1.00 0.00 X 0 0 0 PAT STACEY Director 1.00 0.00 X 0 0 0 REA BOUDREAUX Director 1.00 0.00 X 0 0 0 SHANNON DACUS PAST CHAIRMAN 1.00 0.00 X X 0 0 0 DR KIRK CALHOUN 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 LEE BROWNING Director 1.00 0.00 X 0 0 0 TOM ELLIS Director 1.00 0.00 X 0 0 0 MARTIN HEINES Director 1.00 0.00 X 0 0 0 CHARLES GORDON Director 1.00 0.00 X 0 0 0 MOODY CHISHOLM SECRETARY/TREAS 1.00 0.00 X X 0 0 0 DONALD BAKER Director 1.00 0.00 X 0 0 0 CHARLES HILL Chairman 1.00 0.00 X X 0 0 0 ROY MARTINEZ Director 1.00 0.00 X 0 0 0 RAY MCKINNEY VICE CHAIRMAN 1.00 0.00 X X 0 0 0 HENRY BELL Director 1.00 0.00 X 0 0 0 NATHANIEL MORAN SMITH CO REP 1.00 0.00 X 0 0 0 HERBERT C BUIE Director 1.00 0.00 X 0 0 0 LONNY UZZELL PAST CHAIR 1.00 0.00 X 0 0 0 CLAUDE FIGUEROA Director 1.00 0.00 X 0 0 0 BOBBY CURTIS Director 1.00 0.00 X 0 0 0 GARNETT BROOKSHIRE Director 1.00 0.00 X 0 0 0 DR MICHAEL TIDWELL Director 1.00 0.00 X 0 0 0 MYRANDA GEORGE Director 1.00 0.00 X 0 0 0 MARK WHATLEY Director 1.00 0.00 X 0 0 0 BARRY BEAMAN Director 1.00 0.00 X 0 0 0 ROBERT HABERLE Director 1.00 0.00 X 0 0 0 BRAD CURTIS Director 1.00 0.00 X 0 0 0 JEFF KING Director 1.00 0.00 X 0 0 0 RANDY ROBERTS Director 1.00 0.00 X 0 0 0 TONY MORGAN Director 1.00 0.00 X 0 0 0 JASON PROCTOR Director 1.00 0.00 X 0 0 0 BRYAN ROSSMAN Director 1.00 0.00 X 0 0 0 ROBERT RIVERS Director 1.00 0.00 X 0 0 0 JUNE CHEATHAM TACC CHAIR 1.00 0.00 X 0 0 0 TODD BUCHANAN Director 1.00 0.00 X 0 0 0 JASON SOBEL Director 1.00 0.00 X 0 0 0 KEITH LEWIS Director 1.00 0.00 X 0 0 0 DR JUAN MEJIA Director 1.00 0.00 X 0 0 0 CHUCK SMITH Director 1.00 0.00 X 0 0 0 BRANDY ZIEGLER Director 1.00 0.00 X 0 0 0 251606 53104 1 false true false 0 543506 367000 910506 0 159871 159871 0 0 37991 37991 37991 37991 243598 287163 156284 1206 87314 285957 373271 -1206 374477 0 0 0 MISCELLANEOUS 900099 49206 49206 49206 1530845 85991 534348 0 0 0 0 236500 158607 77893 0 282787 282787 0 95907 81521 14386 37713 32056 5657 0 0 0 0 0 0 102837 53543 49294 18605 18605 25678 22811 2867 0 0 39465 33545 5920 2461 1969 492 0 0 1168 1168 0 67580 43152 24428 5740 5068 672 BAD DEBT EXPENSE 64252 64252 CONTRACT SERVICES 36922 36922 ADMINISTRATIVE EXPENSES 32250 22250 10000 DUES & SUBSCRIPTIONS 20325 20325 63346 48629 14717 1133536 889120 244416 0 725121 476704 273540 348347 6750 2500 0 0 0 370391 605355 0 9648 12230 3674043 295908 3368757 3378135 4791111 5675398 0 0 0 48352 72528 9593670 10571197 24559 68278 125532 34431 150091 102709 X 8826646 9716140 616933 752348 9443579 10468488 9593670 10571197 397309 627600 X false true X true false X 575250 581750 631250 1146206 910506 3844962 0 0 575250 581750 631250 1146206 910506 3844962 27242 3817720 116909 118867 146280 124933 159871 666860 0 30407 31939 80231 77358 87197 307132 4818954 0.79220 0.77640 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2663770 2663770 677069 106275 570794 203303 130334 72969 129901 59299 70602 3378135 X 2158445 627600 627600 1530845 1530845 1133536 1133536 1133536 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 THOMAS G MULLINS FORMER CEO 175268 16500 34957 226725 THOMAS G MULLINS 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 (THOMAS G. MULLINS) WOULD ALSO SERVE AS THE EXECUTIVE DIRECTOR OF THE CHAMBER. FOR THE YEAR ENDED SEPTEMBER 30, 2021, THE CHAMBER PAID TEDC $89,255 TO REIMBURSE TEDC FOR PAYROLL COSTS OF THOMAS G. MULLINS 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, 2019. THE LEASE EXPIRED ON DECEMBER 31, 2019 AND HAS BEEN RENEWED AND EXTENDED UNDER SIMILAR TERMS FOR 36 MONTHS. RENT EXPENSE FOR THE YEAR ENDED SEPTEMBER 30, 2021 WAS $44,045. Form 990, Part VI, Line 11b: Form 990 Review Process THE FORM 990 IS PROVIDED TO THE EXECUTIVE COMMITTEE FOR THEIR REVIEW BEFORE IT IS FILED. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts THE WRITTEN CONFLICT OF INTEREST POLICY IS SIGNED BY EVERY BOARD MEMBER AND RETAINED AT THE OFFICE OF THE ORGANIZATION. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees THE TYLER ECONOMIC DEVELOPMENT COUNCIL DIRECTORS/OFFICERS FORM THE ANNUAL REVIEW COMMITTEE. THE LATEST FORMAL REVIEW WAS CONDUCTED ON SEPTEMBER 28, 2021. 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, Line 19: Other Organization Documents Publicly Available DISCLOSURE OF GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST.