Baytown Area-West Chambers County Economic Development Foundation

Address
1300 Rollingbrook
Baytown, TX 77521
Contact
Website: http://www.baytownedf.org
Phone: +1 (281) 420-2961
Nonprofit
NTEE: S20 - Community, Neighborhood Development, Improvement (General)
EIN: 76-0203391

Mission

The Baytown Area West Chambers County Economic Development Foundation was founded in 1986 for the purpose of fostering economic growth. The Foundation serves the area located from the San Jacinto River through Chambers County, Texas.
 20162015201420132012
Basic features of the organization
Year of formation1986
Metropolitan statistical area3362
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$264,282.00$133,798.00$126,659.00$122,729.00$118,179.00
Sum of reportable (W2/1099) compensation$264,282.00$133,798.00$126,659.00$122,729.00$118,179.00
Number of employees33333
Number of people compensated >$100k21111
Number of highly compensated contractors0000 
Personnel
Shields, Michael
TitleExecutive DirecExecutive DirecExecutive DirecExecutive DirecExecutive Direc
Name of key/compensated personMichael K ShieldsMichael K ShieldsMichael K ShieldsMichael K ShieldsMichael K Shields
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Current officerTrueTrueTrueTrueTrue
Average hours per week working for org40.0040.0040.0040.0040.00
Reportable compensation from org$137,965.00$133,798.00$126,659.00$122,729.00$118,179.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Average hours per week working for related orgs0.000.000.000.000.00
Simon, Berwick
TitleAsst Director    
Name of key/compensated personBerwick J Simon    
Position of compensated person
Current individual trustee or directorTrue    
Current officerTrue    
Average hours per week working for org40.00    
Reportable compensation from org$126,317.00    
Other comp, non-reportable, from org and related orgs$0.00    
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00    
Average hours per week working for related orgs0.00    
Purpose: mission, activities, & accomplishments
Mission or significant activitiesThe Baytown Area West Chambers County Economic Development Foundation was founded in 1986 for the purpose of fostering economic growth. The Foundation serves the area located from the San Jacinto River through Chambers County, Texas.The Baytown Area West Chambers County Economic Development Foundation was founded in 1986 for the purpose of fostering economic growth. The Foundation serves the area located from the San Jacinto River through Chambers County, Texas.The Baytown Area West Chambers County Economic Development Foundation was founded in 1986 for the purpose of fostering economic growth. The Foundation serves the area located from the San Jacinto River through Chambers County, Texas.The Baytown Area West Chambers County Economic Development Foundation was founded in 1986 for the purpose of fostering economic growth. The Foundation serves the area located from the San Jacinto River through Chambers County, Texas.The Baytown Area West Chambers County Economic Development Foundation was founded in 1986 for the purpose of fostering economic growth. The Foundation serves the area located from the San Jacinto River through Chambers County, Texas.
Program service expenses, total$610,917.00$454,586.00 $463,877.00$430,648.00
Programs, including revenue & expenses
Through technical assistance & services to Business & Industry, the foundation has assisted numerous companies with expansion and location needs.
Program expenses$610,917.00$454,586.00 $463,877.00$430,648.00
Program descriptionThrough technical assistance & services to Business & Industry, the foundation has assisted numerous companies with expansion and location needs.Through technical assistance & services to Business & Industry, the foundation has assisted numerous companies with expansion and location needs.Through technical assistance & services to Business & Industry, the foundation has assisted numerous companies with expansion and location needs.Through technical assistance & services to Business & Industry, the foundation has assisted numerous companies with expansion and location needs.Through technical assistance & services to Business & Industry, the foundation has assisted numerous companies with expansion and location needs.
Financial data
Revenue
Total revenue$607,320.00$527,982.00$511,506.00$419,894.00$392,772.00
Revenue from contributions (total)$607,119.00$528,338.00$503,018.00$419,831.00$392,678.00
Investment income, current yr$201.00-$356.00$8,488.00$63.00$94.00
Total revenue from grants, etc., current yr$607,119.00$528,338.00$503,018.00$419,831.00$392,678.00
Total unrelated business revenue$0.00$0.00$0.00$0.00$0.00
Other revenue, current yr$0.00$0.00$0.00$0.00$0.00
Program service revenue (total)$0.00$0.00$0.00$0.00$0.00
Gross receipts$607,320.00$528,460.00$524,594.00$419,894.00$392,772.00
Sources of contributions
Revenue from gov't grants$540,119.00$462,138.00$435,018.00$349,783.00$327,800.00
Revenue from all other contributions$67,000.00$66,200.00$68,000.00$70,048.00$64,878.00
Other types of revenue
Royalties (total)$0.00$0.00$0.00$0.00$0.00
Miscellaneous revenue (total)$0.00$0.00$0.00$0.00$0.00
Net revenue from gaming (total)$0.00$0.00$0.00$0.00$0.00
Income from dividends, interest, and similar investments$201.00$122.00$76.00$63.00$94.00
Net rental income$0.00$0.00$0.00$0.00$0.00
Net income from fundraising events$0.00$0.00$0.00$0.00$0.00
Net inventory sales (total)$0.00$0.00$0.00$0.00$0.00
Expense categories (totals)
Total functional expenses: sum of all$610,917.00$454,586.00$455,032.00$463,877.00$430,648.00
Total functional expenses: program service $0.00$0.00$438,376.00$0.00$0.00
Total functional expenses: management and general$0.00$0.00$0.00$0.00$0.00
Total functional expenses: fundraising$0.00$0.00$0.00$0.00$0.00
Fees for services
Lobbying fees (total)$0.00$0.00$0.00$0.00$0.00
Legal fees (total)$0.00$0.00$0.00$0.00$0.00
Fundraising service fees (total)$0.00$0.00$0.00$0.00$0.00
General management fees (total)$0.00$0.00$0.00$0.00$0.00
Investment management fees (total)$0.00$0.00$0.00$0.00$0.00
Assets and liabilities
Total assets$294,000.00$271,188.00$216,632.00$153,766.00$181,036.00
Total assets, beginning of year$271,188.00$216,632.00$153,766.00$181,036.00$216,445.00
Total liabilities$67,045.00$40,636.00$59,476.00$53,084.00$36,371.00
Total liabilities, beginning of year$40,636.00$59,476.00$53,084.00$36,371.00$33,904.00
Pledges & accounts receivable, net$0.00$0.00$0.00$0.00$0.00
Loans & receivables from key persons$0.00$0.00$0.00$0.00$0.00
Unrestricted net assets, end of yr$226,955.00$230,552.00$157,156.00$100,682.00$144,665.00
Net assets$226,955.00$230,552.00$157,156.00$100,682.00$144,665.00
Net assets, beginning of year$230,552.00$157,156.00$100,682.00$144,665.00$182,541.00
Intangible assets$0.00$0.00$0.00$0.00$0.00
Other assets$1,474.00$1,474.00$1,474.00$1,474.00$1,474.00
Investments: other securities$0.00$0.00$0.00$0.00$0.00
Investments: publicly traded securities$0.00$0.00$0.00$0.00$0.00
Cash: non-interest bearing$157,336.00$117,067.00$61,333.00$59,009.00$56,878.00
Cash: non-interest bearing, beginning of year$117,067.00$61,333.00$59,009.00$56,878.00$88,596.00
Investments -- program-related$0.00$0.00$0.00$0.00$0.00
Inventories for sale or use$0.00$0.00$0.00$0.00$0.00
Other financial variables
Revenue less expenses-$3,597.00$73,396.00$56,474.00-$43,983.00-$37,876.00
Advertising (total)$0.00$0.00$0.00$0.00$0.00
Savings & temp cash investment$0.00$0.00$0.00$0.00$0.00
Accounts receivable, net$79,182.00$83,332.00$70,833.00$62,921.00$69,720.00
Prepaid expenses & deferred charges$7,353.00$4,959.00$4,959.00$5,302.00$5,302.00
Accounts payable & accrued expenses$67,045.00$40,636.00$10,569.00$41,327.00$17,812.00
Secured mortgages and notes payable  $48,907.00$11,757.00$18,559.00
Total net assets or fund balances$226,955.00$230,552.00$157,156.00$100,682.00$144,665.00
Depreciation, depletion, amortization$18,431.00$19,515.00$16,656.00$14,282.00$14,254.00
Payment to affiliates$0.00$0.00$0.00$0.00$0.00
Governance and accountability
Number of voting members2826262626
Number of independent voting members2826262626
Financial sheets auditedTrueTrueTrueTrueTrue
Accrual accountingTrueTrueTrueTrueTrue
Tax year start date2016-01-012015-01-012014-01-012013-01-012012-01-01
Tax year end date2016-12-012015-12-012014-12-012013-12-012012-12-01
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990990990
Reason for form submission
Address change    True
Date e-filing submitted2018-01-032016-12-092015-09-182014-09-242013-11-04
IRS schema version2016v3.02015v2.02014v5.02013v3.12012v2.0
Filing identifier201723199349304582201612109349300891201542259349301919201442389349300024201342419349300624
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