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Organizations Community Improvement & Capacity Building Texas Economic Development Corporation

Texas Economic Development Corporation

Fiscal year ending 2023. Filed on October 1, 2024.

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 2023 IRS Form 990 filing, Texas Economic Development Corporation, a 501(c)(3) charitable organization, reported compensation for 7 out of 9 total employees. Among the employees shown here, the average compensation is $256,461. The highest compensated employee at Texas Economic Development Corporation is Robert Allen with fiscal year 2023 compensation of $674,575.

Revenue, expenses, and employee compensation

Revenue

$5,923,992

Expenses

$3,085,195

Employee compensation

$1,480,952
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Robert Allen
Former President and Chief Executive Officer
$674,575
$662,375 No related comp$12,200
Michael Chrobak
Executive Vice President
$391,526
$382,934 No related comp$8,592
Christin Evans
Vice President, External Affairs
$239,686
$237,900 No related comp$1,786
Veronica Bayer
Director of Marketing and Communications
$168,000
$162,500 No related comp$5,500
Walter Buchholtz
Operations Director
$160,167
$155,000 No related comp$5,167
Sydney A Loyed
Director of Events (Former)
$110,804
$106,769 No related comp$4,035
Aaron Demerson
President and Chief Executive Officer
$50,466
$49,653 No related comp$813

Benchmark Employee Compensation

Non-Employee Board Members

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

Contractors

Material Holdings LLC
Marketing
$137,258

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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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