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Organizations Community Improvement & Capacity Building Texas Economic Development Corporation

Texas Economic Development Corporation

Fiscal year ending 2022. Filed on October 11, 2023.

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 2022 IRS Form 990 filing, Texas Economic Development Corporation, a 501(c)(3) charitable organization, reported compensation for 6 out of 7 total employees. Among the employees shown here, the average compensation is $270,824. The highest compensated employee at Texas Economic Development Corporation is Robert Allen with fiscal year 2022 compensation of $579,959.

Revenue, expenses, and employee compensation

Revenue

$3,628,909

Expenses

$3,740,053

Employee compensation

$2,051,669
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Robert Allen
President and Chief Executive Officer
$579,959
$567,759 No related comp$12,200
Michael Chrobak
Executive Vice President
$276,481
$267,130 No related comp$9,351
Christin Evans
Vice President
$178,448
$173,250 No related comp$5,198
Walter Buchholtz
Operations Director
$177,273
$171,000 No related comp$6,273
Sydney A Loyed
Events Director
$141,960
$136,500 No related comp$5,460
Adriana Cruz
ex officio
$0

Benchmark Employee Compensation

Non-Employee Board Members

Adrian Cannady
Board Secretary
Arun Agarwal
Board Vice Chair
Eduardo Margain
Board Member
George Henderson III
Board Member
Katie Farmer
Board Member
L Fredrick Francis
Board Member
Mauricio Gutierrez
Board Member
Peter J Holt
Board Member
S David Deanda
Board Treasurer
Vicki Hollub
Board Chair

Contractors

Material Holdings LLC
Marketing
$464,288

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.

Revisions to this organization profile

July 23, 2025:
2024 Texas Economic Development Corporation 990 filed
October 1, 2024:
2023 Texas Economic Development Corporation 990 filed
October 11, 2023:
2022 Texas Economic Development Corporation 990 filed

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Other organizations also named Texas Economic Development

Texas Economic Development Council Inc.
Austin, Texas
Heart of Texas Economic Development District Inc.
Waco, Texas
High Ground of Texas Economic Development Association
Sudan, Texas
Northeast Texas Economic Development District Inc.
Texarkana, Texas
Southeast Texas Economic Development Foundation
Beaumont, Texas
South Texas Economic Development Corporation Inc.
Weslaco, Texas