Texas Economic Development Corporation

Fiscal year ending 2024. Filed on July 23, 2025.

PO Box 684702
Austin, Texas 78768

Texas Economic Development Corporation (EIN: 74-2619492) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Texas Economic Development Corporation, a 501(c)(3) charitable organization, reported compensation for 9 out of 13 total employees. Among the employees shown here, the average compensation is $204,903. The highest compensated employee at Texas Economic Development Corporation is Aaron Demerson with fiscal year 2024 compensation of $538,800.

Revenue, expenses, and employee compensation

Revenue

$3,771,185

Expenses

$4,563,859

Employee compensation

$2,177,633

Reported Compensated Employees

Aaron Demerson

President and Chief Executive Officer

$538,800

$520,521 from orgNo related comp$18,279 other

Michael Chrobak

Executive Vp(Former)

$271,307

$262,684 from orgNo related comp$8,623 other

Walter Buchholtz

Operations Director

$206,466

$195,988 from orgNo related comp$10,478 other

Christin Evans

Vice President of External(Former)

$181,921

$177,981 from orgNo related comp$3,940 other

Veronica Beyer

Director of Marketing and Co(Former)

$173,680

$165,701 from orgNo related comp$7,979 other

Dale Robertson

Vice President, Business Development

$142,967

$135,267 from orgNo related comp$7,700 other

Bonnie Downs

Communications Director

$117,963

$109,926 from orgNo related comp$8,037 other

Emily Lawley

Events Director

$116,200

$112,409 from orgNo related comp$3,791 other

Valerie Segovia

Vice President of Investor Relations

$94,823

$92,273 from orgNo related comp$2,550 other

Benchmark Employee Compensation

Non-Employee Board Members

Adrian Cannady

Board Treasurer

Adriana Cruz

Board Member ex officio

Contractors

Razor Rank LLC

Marketing

$109,787

Mission Statement

THE TEXAS ECONOMIC DEVELOPMENT CORPORATION, TXEDC, WAS ESTABLISHED TO MARKET AND PROMOTE TEXAS AS A PREMIER BUSINESS STATE; AND TO FACILITATE THE LOCATION, EXPANSION, AND RETENTION OF DOMESTIC AND INTERNATIONAL BUSINESS INVESTMENT IN THE STATE. TXEDC IS FUNDED THROUGH PRIVATE CONTRIBUTIONS BY BUSINESSES, ORGANIZATIONS AND INDIVIDUALS INTERESTED IN THE PROMOTION OF BUSINESS, ECONOMIC DEVELOPMENT, AND JOB CREATION IN THE STATE OF TEXAS.