Texas Economic Development Corporation

Fiscal year ending 2018. Filed on November 14, 2019.

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 2018 IRS Form 990 filing, Texas Economic Development Corporation, a 501(c)(3) charitable organization, reported compensation for 4 out of 5 total employees. Among the employees shown here, the average compensation is $365,315. The highest compensated employee at Texas Economic Development Corporation is Robert Allen with fiscal year 2018 compensation of $576,429.

Revenue, expenses, and employee compensation

Revenue

$3,468,071

Expenses

$2,195,135

Employee compensation

$1,250,918

Reported Compensated Employees

Robert Allen

President and Chief Executive Officer

$576,429

$560,000 No related comp$16,429

Christin Evans

Development Office

$285,516

$280,772 No related comp$4,744

Michael Chrobak

Executive Vice President

$234,000

$225,000 No related comp$9,000

Bryan Daniel

ex officio

Non-Employee Board Members

Contractors

Development Counsellors Int

Website Marketing

$213,984

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.