2020-05-13T12:53:49-07:00 2019-09-30 751503978 HENRY & PETERS PC 3310 S BROADWAY AVE STE 100 TYLER TX 75701 990 2018-10-01 752254467 TYLER ECONOMIC DEVELOPMENT COUNCIL INC TYLE 9035932004 315 N BROADWAY SUITE 300 TYLER TX 75702 THOMAS G MULLINS PRESIDENT 2020-05-13 true Jana K Broussard P00840452 9035976311 2018 2021-01-29 14:40:06Z THOMAS G MULLINS 315 N BROADWAY SUITE 300 TYLER TX 75702 2233112 false false X WWW.TEDC.ORG X 1989 TX SUPPORT ECONOMIC DEVELOPMENT OF GREATER TYLER AREA. 45 44 7 63 0 581750 631250 0 512811 1027865 31939 80231 1126500 1739346 0 0 549854 561392 0 0 2120637 562845 2670491 1124237 -1543991 615109 9250711 9782301 38638 53119 9212073 9729182 SUPPORT ECONOMIC DEVELOPMENT OF GREATER TYLER AREA. false false 924531 THE EXEMPT PURPOSE OF TEDC, INC. IS TO ATTRACT NEW INDUSTRY TO TYLER, TX AND THE SURROUNDING AREA AND TO ENCOURAGE GROWTH WITHIN EXISTING BUSINESSES. THIS PURPOSE HAS BEEN ACHIEVED BY NUMEROUS CONTACTS WITH POTENTIAL NEW BUSINESSES AND VISITS TO THE TYLER AREA BY REPRESENTATIVES OF THESE BUSINESSES.ESTIMATED VALUE OF DONATED SERVICES IS $2,500 DURING THE FISCAL YEAR. 924531 true true false false false false false false false false true false false false false true true false false false false false false false false false false false false true false false false false false false false false false false true false false false false false false false false false true 5 0 false 7 true false false false false false false false false 0 false false false false false false false false false false false false X 45 44 false false false false false false false true true false false true true true true true false false true false X FELECIA HERNDON 9035932004 315 N BROADWAY SUITE 300 TYLER TX 75702 BOB BREEDLOVE Director 1.00 0.00 X 0 0 0 TAYLOR BURNS RE COMM. CHAIR 1.00 0.00 X 0 0 0 THOMAS G MULLINS PRESIDENT 40.00 0.00 X X 227935 0 64022 CHAD CARGILE FINANCE CHAIR 1.00 0.00 X 0 0 0 BARHAM FULMER RESOURCE CHAIR 1.00 0.00 X 0 0 0 EDWARD BROUSSARD CITY REP. 1.00 0.00 X 0 0 0 JASON COOPER Director 1.00 0.00 X 0 0 0 TED CRABTREE Director 1.00 0.00 X 0 0 0 REA BOUDREAUX Director 1.00 0.00 X 0 0 0 SHANNON DACUS Chairman 1.00 0.00 X X 0 0 0 DR KIRK CALHOUN Director 1.00 0.00 X 0 0 0 BARBARA BASS Director 1.00 0.00 X 0 0 0 DWIGHT FENNELL Director 1.00 0.00 X 0 0 0 LEE BROWNING Director 1.00 0.00 X 0 0 0 TOM ELLIS Director 1.00 0.00 X 0 0 0 MARTIN HEINES Director 1.00 0.00 X 0 0 0 JAMES HEDRICK Director 1.00 0.00 X 0 0 0 KIMBERLY ASHLEY Director 1.00 0.00 X 0 0 0 CHARLEY GORDON Director 1.00 0.00 X 0 0 0 MOODY CHISHOLM Director 1.00 0.00 X 0 0 0 MATTHEW MARSHALL Director 1.00 0.00 X 0 0 0 CHARLES HILL VICE-CHAIR 1.00 0.00 X X 0 0 0 ROY MARTINEZ Director 1.00 0.00 X 0 0 0 DR MIKE METKE Director 1.00 0.00 X 0 0 0 RAY MCKINNEY SECRETARY/TREAS 1.00 0.00 X X 0 0 0 HENRY BELL Director 1.00 0.00 X 0 0 0 NATHANIEL MORAN SMITH CO REP 1.00 0.00 X 0 0 0 HERBERT C BUIE Director 1.00 0.00 X 0 0 0 LONNY UZZELL PAST CHAIR 1.00 0.00 X 0 0 0 CLAUDE FIGUEROA Director 1.00 0.00 X 0 0 0 BOBBY CURTIS Director 1.00 0.00 X 0 0 0 HOWARD PATTERSON Director 1.00 0.00 X 0 0 0 JON MOORE Director 1.00 0.00 X 0 0 0 SKIP OGLE Director 1.00 0.00 X 0 0 0 DR MICHAEL TIDWELL Director 1.00 0.00 X 0 0 0 MYRANDA GEORGE Director 1.00 0.00 X 0 0 0 MARK WHATLEY Director 1.00 0.00 X 0 0 0 WALTER WILHELMI Director 1.00 0.00 X 0 0 0 ROBERT HABERLE Director 1.00 0.00 X 0 0 0 JOANN HAMPTON Director 1.00 0.00 X 0 0 0 JEFF KING Director 1.00 0.00 X 0 0 0 RANDY ROBERTS Director 1.00 0.00 X 0 0 0 TONY MORGAN Director 1.00 0.00 X 0 0 0 JASON PROCTOR Director 1.00 0.00 X 0 0 0 BRYAN ROSSMAN Director 1.00 0.00 X 0 0 0 RHONDA BRINKLEY Director 1.00 0.00 X 0 0 0 227935 64022 1 false true false 0 174500 456750 631250 0 151752 151752 0 0 37991 37991 37991 37991 580094 789785 366035 127731 214059 662054 876113 662054 214059 0 0 0 MISCELLANEOUS 900099 42240 42240 42240 1739346 742285 365811 0 0 0 0 218275 113632 104643 217738 217738 0 0 94635 71923 22712 30744 23365 7379 0 0 0 0 0 0 42446 15903 26543 67855 67855 13351 9611 3740 0 0 37492 28494 8998 13319 11003 2316 0 0 1117 1117 0 24446 17272 7174 4589 3894 695 INCENTIVE AWARD 234755 234755 PROPERTY TAXES 59755 59351 404 COMPUTER EXPENSE 16025 11217 4808 DUES & SUBSCRIPTIONS 11831 11831 35864 26687 9177 1124237 924531 199706 0 657135 1525594 319145 244157 12500 11000 18125 0 0 0 562674 435908 0 8556 7412 3118731 233328 2584571 2885403 5088005 4648651 0 0 0 24176 9250711 9782301 27902 25606 10736 27513 38638 53119 X 8553384 9063670 50558 50502 608131 615010 9212073 9729182 9250711 9782301 615109 -98000 X false true X true false X 437751 420500 575250 581750 631250 2646501 0 0 437751 420500 575250 581750 631250 2646501 54239 2592262 140631 149096 116909 118867 146280 671783 0 22899 54270 30407 31939 80231 219746 3538030 0.73270 0.73160 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2663770 2663770 105038 54911 50127 227737 123585 104152 122186 54832 67354 2885403 X 1641346 -98000 -98000 1739346 1739346 1124237 1124237 1124237 Part X : FIN48 Footnote TEDC accounts for uncertainties in income taxes in accordance with FASB ASC 740 Income Taxes. Due to the complexities of the tax code, actual payment of taxes could be different from the current estimate of tax liabilities. As of September 30, 2019, TEDC does not believe there are any uncertain tax positions that would adversely impact financial positions or results of operations. Any interest and penalties on income tax assessments or income tax refunds are components of the provision for income taxes. Tax returns remain open for examination generally for the tax years 2013 and forward. true X false false false false false false false false false false THOMAS G MULLINS PRESIDENT 186926 21500 19509 41618 22404 291957 THOMAS G MULLINS PRESIDENT SEE SUPPLEMENTAL INFORMATI false Schedule L, Part V Supplemental Information TYLER ECONOMIC DEVELOPMENT COUNCIL HAS ENTERED AN AGREEMENT WITH THE TYLER AREA CHAMBER OF COMMERCE FOR THE JOINT PROMOTION OF TYLER. THE AGREEMENT WAS EXECUTED IN 1992 AND STIPULATED THAT THE PRESIDENT OF TEDC (THOMAS G. MULLINS) WOULD ALSO SERVE AS THE EXECUTIVE DIRECTOR OF THE CHAMBER. FOR THE YEAR ENDED SEPTEMBER 30, 2019, THE CHAMBER PAID TEDC $206,703 TO REIMBURSE TEDC FOR PAYROLL COSTS OF THOMAS G. MULLINS AND OTHER SHARED EMPLOYEES. TEDC ENTERED INTO A FIFTEEN YEAR LEASE AGREEMENT WITH THE CHAMBER ON JANUARY 1, 1999. BEFORE THE LEASE EXPIRED, TEDC AMENDED THE LEASE TO EXTEND TO DECEMBER 31, 2019. THE LEASE EXPIRED ON DECEMBER 31, 2019 AND HAS BEEN RENEWED AND EXTENDED UNDER SIMILAR TERMS FOR 36 MONTHS. RENT EXPENSE FOR THE YEAR ENDED SEPTEMBER 30, 2019 WAS $44,365. Form 990, Part VI, Line 11b: Form 990 Review Process THE FORM 990 IS PROVIDED TO THE EXECUTIVE COMMITTEE FOR THEIR REVIEW BEFORE IT IS FILED. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts THE WRITTEN CONFLICT OF INTEREST POLICY IS SIGNED BY EVERY BOARD MEMBER AND RETAINED AT THE OFFICE OF THE ORGANIZATION. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees THE TYLER ECONOMIC DEVELOPMENT COUNCIL DIRECTORS/OFFICERS FORM THE ANNUAL REVIEW COMMITTEE. THE LATEST FORMAL REVIEW WAS CONDUCTED ON SEPTEMBER 3, 2019. IF A PERFORMANCE REVIEW OCCURS, THE CHAIRMAN ADVISES THE CEO OF THE DECISIONS. ANY SALARY ADJUSTMENT OR BONUS PROPOSED IS PRESENTED TO THE FINANCE COMMITTEE AND INCLUDED IN THE FOLLOWING YEAR'S BUDGET WHICH IS APPROVED BY THE BOARD. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available DISCLOSURE OF GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST.