Economic Development Foundation Of Brenham Inc in Brenham, Texas (TX)

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Economic Development Foundation Of Brenham Inc
Employer Identification Number (EIN)746047908
Name of OrganizationEconomic Development Foundation Of Brenham Inc
Address314 S Austin St, Brenham, TX 77833-3614
ActivitiesBusiness promotion (chamber of commerce, business league, etc.)
SubsectionBoard of Trade
Ruling Date04/1957
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period09/2014
Assets$100,000 to $499,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$408,733
Amount of Income$139,650
Form 990 Revenue Amount$139,650
National Taxonomy of Exempt Entities (NTEE)Community Improvement, Capacity Building: Single Organization Support


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Amount of income in 2014: $139,650
Economic Development Foundation Of Brenham Inc: 

 $139,650
Other organizations performing similar types of work: 

 $169,857

Assets in 2014: $408,733
Economic Development Foundation Of Brenham Inc: 

 $408,733
Other organizations performing similar types of work: 

 $329,944

Expenses in 2013: $136,539
Economic Development Foundation Of Brenham Inc: 

 $136,539
Other organizations performing similar types of work: 

 $183,103

Income to expenses ratio in 2013: 1.0
This organization: 

 1.0
Other organizations performing similar types of work: 

 1.0

Expenses allocated to program services in 2005: 0.0%
This organization: 

 0.0%
Other organizations performing similar types of work: 

 93.0%

Number of employees in 2005: 2
Economic Development Foundation Of Brenham Inc: 

 2
Other organizations performing similar types of work: 

 2

Grants share in income in 2013: 99.4%
This organization: 

 99.4%
Other organizations performing similar types of work: 

 80.0%

Financial snapshot ($)

Revenue for 2013

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201120122013
Total revenue$158,170$127,235$135,780
Contributions, gifts, grants, and similar amounts received$156,353$126,150$135,025
Program service revenue including government fees and contracts$0$0$0
Membership dues and assessments$0$0$0
Investment income$1,817$893$706
Gain/Loss from sale of assets other than inventory$0$0$0
Net income/loss from gaming and fundraising events$0$0$0
Gross profit/loss from sales of inventory$0$0$0
Other revenue$0$192$49
Total expenses$162,553$135,382$136,539
Total net assets$418,683$410,636$409,877
Excess/Deficit for the year$-4,383$-8,147$-759
Net assets or fund balances at beginning of year$423,066$418,683$410,636
Other changes in net assets or fund balances$0$100$0
Net assets or fund balances at end of year$409,877
Balance Sheets
201120122013
Total assets$418,683$410,636$409,877
Total liabilities$0$0$0
Net assets or fund balances$418,683$410,636$409,877
Other Information
201120122013
Did the organization engage in any significant activity not previously reported to the IRS?No
Were any significant changes made to the organizing or governing documents?No
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?No
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?No
Amount of political expenditures, direct or indirect$0
Did the organization file Form 1120-POL for this year?No
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?No
Total amount involved$0
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities$0$0$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?No
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:Not provided
Number of organizations supported0
Sum of amounts of support$0
Revenue, Expenses, and Changes in Net Assets or Fund Balances
200020012002200320042005
Total revenue$225,811$218,917$229,224$247,863$249,096$253,139
Contributions, gifts, grants, and similar amounts received$72,083$71,309$75,265$99,276$100,552$100,055
Contributions to donor advised funds
Direct public support$4,875$0$0$0$0$0
Indirect public support$0$0$0$0$0$0
Government contributions (grants)$67,208$71,309$75,265$99,276$100,552$100,055
Program service revenue including government fees and contracts$0$0$0$0$0$0
Membership dues and assessments$0$0$0$0$0$0
Interest on savings and temporary cash investments$6,330$5,077$4,970$1,384$1,152$1,387
Dividends and interest from securities$0$0$0$0$0$0
Net rental income or (loss)$145,866$142,531$148,481$147,053$145,578$145,628
Gross rents$145,866$142,531$148,481$147,053$145,578$145,628
Less: rental expenses$0$0$0$0$0$0
Other investment income$0$0$0$0$0$0
Gain or (loss) from sales of assets other than inventory$1,432$0$508$0$1,170$6,069
Gross amount from sales of assets other than inventory$44,710$0$18,071$0$49,570$40,112
Less: cost or other basis and sales expenses$43,278$0$17,563$0$48,400$34,043
Net income or (loss) from special events and activities$0$0$0$0$0$0
Gross revenue$0$0$0$0$0$0
Less: direct expenses other than fundraising expenses$0$0$0$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0$0$0$0
Less: cost of goods sold$0$0$0$0$0$0
Other revenue$100$0$0$150$644$0
Total expenses$195,452$207,770$222,845$236,543$228,375$217,592
Program services$0$0$0$0$0$0
Management and general$0$0$0$0$0$0
Fundraising$0$0$0$0$0$0
Payments to affiliates$0$0$0$0$0$0
Net assets or fund balances at end of year$1,060,577$1,071,724$1,028,904$1,040,224$944,592$1,058,173
Excess or (deficit) for the year$30,359$11,147$6,379$11,320$20,721$35,547
Net assets or fund balances at beginning of year$1,095,816$1,060,577$1,071,724$1,028,904$1,040,224$944,592
Other changes in net assets or fund balances$-65,598$0$-49,199$0$-116,353$78,034
Statement of Functional Expenses (for 2005)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$217,592$0$0$0
Grants paid from donor advised funds
Other grants and allocations$0
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$0$0$0$0
Compensation of former officers, directors, key employees, etc.
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Salaries and wages of employees not included above$49,450$0$0$0
Pension plan contributions not included above$1,556$0$0$0
Employee benefits not included above$2,255$0$0$0
Payroll taxes$4,188$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$3,027$0$0$0
Legal fees$0$0$0$0
Supplies$3,575$0$0$0
Telephone$0$0$0$0
Postage and shipping$0$0$0$0
Occupancy$9,671$0$0$0
Equipment rental and maintenance$122$0$0$0
Printing and publications$0$0$0$0
Travel$813$0$0$0
Conferences, conventions, and meetings$1,283$0$0$0
Interest$89,874$0$0$0
Depreciation, depletion, etc.$34,363$0$0$0
Other expenses not covered above$17,415$0$0$0
Balance Sheets
200020012002200320042005
Total assets$2,339,138$2,314,268$2,231,444$2,199,385$2,056,965$2,119,716
Cash - non-interest-bearing$0$0$0$0$0$0
Savings and temporary cash investments$213,526$223,020$249,163$251,467$314,796$367,920
Accounts receivable less allowance for doubtful accounts$0$0$0$0$0$0
Pledges receivable less allowance for doubtful accounts$0$0$0$0$0$0
Grants receivable$0$0$0$0$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0$0$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Other notes and loans receivable less allowance for doubtful accounts$10,035$10,035$0$0$0$0
Inventories for sale or use$0$0$0$0$0$0
Prepaid expenses and deferred charges$0$0$0$0$0$0
Investments - publicly-traded securities
Investments - other securities$0$0$0$0$0$0
Investments - land, buildings, and equipment less accumulated depreciation$2,115,494$2,081,130$1,982,198$1,947,835$1,742,086$1,751,713
Investments - other$0$0$0$0$0$0
Land, buildings, and equipment less accumulated depreciation$0$0$0$0$0$0
Other assets, including program-related investments$83$83$83$83$83$83
Total liabilities$1,278,561$1,242,544$1,202,540$1,159,161$1,112,373$1,061,543
Accounts payable and accrued expenses$0$0$0$0$0$0
Grants payable$0$0$0$0$0$0
Deferred revenue$0$0$0$0$0$0
Loans from officers, directors, trustees, and key employees$0$0$0$0$0$0
Tax-exempt bond liabilities$0$0$0$0$0$0
Mortgages and other notes payable$1,278,561$1,242,544$1,202,540$1,159,161$1,112,373$1,061,543
Other liabilities$0$0$0$0$0$0
Total liabilities and net assets/fund balances$2,339,138$2,314,268$2,231,444$2,199,385$2,056,965$2,119,716
Total net assets or fund balances$1,060,577$1,071,724$1,028,904$1,040,224$944,592$1,058,173
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
200020012002200320042005
Total revenue$0$0$0$0$0$0
Total revenue, gains, and other support per audited financial statements$0$0$0$0$0$0
Other expenses$0$0$0$0$0$0
Net unrealized gains on investments$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0
Recoveries of prior year grants$0$0$0$0$0$0
Other$0$0$0$0$0$0
Other revenue$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0
Other$0$0$0$0$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
200020012002200320042005
Total expenses$0$0$0$0$0$0
Total expenses and losses per audited financial statements$0$0$0$0$0$0
Other revenue$0$0$0$0$0$0
Donated services and use of facilities$0$0$0$0$0$0
Prior year adjustments$0$0$0$0$0$0
Losses$0$0$0$0$0$0
Other$0$0$0$0$0$0
Other expenses$0$0$0$0$0$0
Investment expenses$0$0$0$0$0$0
Other$0$0$0$0$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings20
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?No
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?Yes
Did the organization make only in-house lobbying expenditures of $2,000 or less?No
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?No
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?
Did the organization acquire a direct or indirect interest in any applicable insurance contract?
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?
Number of employees employed in the pay period that includes March 12, 20062
Analysis of Income-Producing Activities (for 2005)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$0$153,084
Program service revenue
Program service revenue 1000000$000$0$0
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$000$0$1,387
Dividends and interest from securities000000$000$0$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$145,628
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$000$0$6,069
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$000$0$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2005)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2005)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$0$0$0
$0$0$0
$0$0$0
$0$0$0
$0$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2005)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
The total number of donor advised funds owned at the end of the tax year
The aggregate value of assets held in all donor advised funds owned at the end of the tax year
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts
The aggregate value of assets held in all funds or accounts included above at the end of the tax year
Reason for Non-Private Foundation Status
The organization is not a private foundation because it is
Support Schedule
199920002001200220032004
Total$0$0$0$0$0$0
Gifts, grants, and contributions received$0$0$0$0$0$0
Membership fees received$0$0$0$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0$0$0$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$0$0$0$0$0$0
Net income from unrelated business activities not included above$0$0$0$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0$0$0$0
Other income$0$0$0$0$0$0
Lobbying Expenditures by Electing Public Charities (for 2005)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Donors TrustOmaha, NE 68114NE$47,000,407
2Economic Development Foundation Of Brenham Inc314 S Austin St, Brenham, TX 77833-3614TX1957-04$139,650
3Beacon Bay Community Association27758 Santa Margarita Pkwy 410, Mission Viejo, CA 92691-6709CA1971-01$134,917
4Richmond Urban FoundationRichmond, VA 23220VA$48,130
5Greenville Area Development Corporation223 N Main Street Ste 250, Greenville, SC 29601SC2002-09$1,800,942
6Milwaukee Development Corporation756 N Milwaukee St Ste 400, Milwaukee, WI 53202-3719WI2006-11$941,485
775 Spruce Street DevelopmentPO BOX 6976, Paterson, NJ 07509-6976NJ2008-09$930,000
8Cerc Foundation805 Brook Street Bld 4, Rocky Hill, CT 06067CT2000-03$553,000
9Galveston County Economic Alliance Foundation Inc8419 Emmett F Lowry Expy, Texas City, TX 77591-2249TX2005-12$355,793
10Civic Abilene IncPO BOX 60, Abilene, TX 79604-0060TX2011-09$169,857
11Nt Cdfi Inc2600 Virginia Ave Nw Ste 1000, Washington, DC 20037-1922DC2009-05$32,681
12Visit Loudoun Foudnation Inc112 South St Se Ste G, Leesburg, VA 20175-3734VA2008-03$24,087
13Friends Of The Manhan Rail Trail Inc50 Payson Ave Ste 100, Easthampton, MA 01027-2200MA1999-01$7,143
14South Shore Promotions Inc7770 Corinne Dr, Hammond, IN 46323-3128IN2009-05$372
15Long Island Redevelopment Institute399 Conklin Street, Farmingdale, NY 11735NY2003-10$0
16Pahrump Valley Economic Development Foundation1301 S Hwy 160, Pahrump, NV 89048-4717NV2002-03$0
17The Original Florida Tourism Education Group Inc2009 Nw 67th Place, Gainesville, FL 32653FL2007-01$0
Number of organizations performing similar types of work
California1
Connecticut1
District of Columbia1
Florida1
Indiana1
Massachusetts1
Nebraska1
New Jersey1
Nevada1
New York1
South Carolina1
Texas3
Virginia2
Wisconsin1
Total17

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