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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Community Improvement & Capacity Building Carthage Improvement Corporation

Carthage Improvement Corporation

Fiscal year ending 2024. Filed on August 18, 2025.

PO Box 400
Carthage, Texas 75633

Carthage Improvement Corporation (EIN: 75-2792161) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Carthage Improvement Corporation, a 501(c)(3) charitable organization, reported compensation for 2 employees. Among the employees shown here, the average compensation is $114,892. The highest compensated employee at Carthage Improvement Corporation is Stephen K Williams with fiscal year 2024 compensation of $195,808.

Revenue, expenses, and employee compensation

Revenue

$874,641

Expenses

$143,295

Employee compensation

$42,527
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Stephen K Williams
Chief EXE of
$195,808
$0 $187,978 $7,830
Brenda Samford
Recording Secretary
$33,976
$33,976 No related compNo other comp

Benchmark Employee Compensation

Non-Employee Board Members

Andy Coats
Director
Isha Brown
Director
Jerry Hanszen
Secretary and Treasurer
John Cooke
Director
Keri Perot-Vance
Director
Olin Joffrion
President
Stuart Lipsey
Director

Mission Statement

TO BENEFIT AND ACCOMPLISH PUBLIC PURPOSES FOR THE CITY OF CARTHAGE, TEXAS, BY PROMOTING, ASSISSTING AND ENHANCING ECONOMIC DEVELOPMENT ACTIVITIES FOR THE CITY AS PROVIDED BY THE STATE OF TEXAS DEVELOPMENT CORPORATION ACT OF 1979, LOCAL GOVERNMENT CODE, CHAPTER 505.

Revisions to this organization profile

August 18, 2025:
2024 Carthage Improvement Corporation 990 filed
August 9, 2024:
2023 Carthage Improvement Corporation 990 filed
February 23, 2023:
2022 Carthage Improvement Corporation 990 filed

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