2018-02-09T11:51:23-08:00 2017-09-30 HENRY & PETERS PC 3310 S BROADWAY AVE STE 100 TYLER TX 75701 990 2016-10-01 752254467 TYLER ECONOMIC DEVELOPMENT COUNCIL INC TYLE 9035932004 315 N BROADWAY SUITE 300 TYLER TX 75702 THOMAS G MULLINS PRESIDENT 2018-02-09 true Jana K Broussard P00840452 9035976311 2016 2021-01-29 14:40:06Z THOMAS G MULLINS 315 N BROADWAY SUITE 300 TYLER TX 75702 1043883 false false X WWW.TEDC.ORG X 1989 TX SUPPORT ECONOMIC DEVELOPMENT OF GREATER TYLER AREA. 41 40 7 60 0 420500 575250 0 1383295 124480 54270 30407 1858065 730137 0 0 490192 497500 0 0 309068 297495 799260 794995 1058805 -64858 10236615 10661908 37906 21612 10198709 10640296 SUPPORT ECONOMIC DEVELOPMENT OF GREATER TYLER AREA. false false 616577 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. 616577 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 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 X 41 40 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 KIMBERLY ASHLEY 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 231773 0 26846 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 VICE 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 BOB GARRETT Director 1.00 0.00 X 0 0 0 TOM ELLIS PAST CHAIRMAN 1.00 0.00 X 0 0 0 MARTIN HEINES Director 1.00 0.00 X 0 0 0 BRUCE CROUCH Director 1.00 0.00 X 0 0 0 RANDY GARRETT Director 1.00 0.00 X 0 0 0 CHARLEY GORDON Director 1.00 0.00 X 0 0 0 CLAUDE HENRY CHAMBER CHAIR 1.00 0.00 X 0 0 0 MATTHEW MARSHALL Director 1.00 0.00 X 0 0 0 CHARLES HILL SEC/TREASURER 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 Director 1.00 0.00 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 Chairman 1.00 0.00 X X 0 0 0 ANDY NAVARRO 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 PAT PINKERTON Director 1.00 0.00 X 0 0 0 TOM SEALE Director 1.00 0.00 X 0 0 0 DR MICHAEL TIDWELL Director 1.00 0.00 X 0 0 0 BOB WESTBROOK Director 1.00 0.00 X 0 0 0 STEVE WIGGS Director 1.00 0.00 X 0 0 0 WALTER WILHELMI Director 1.00 0.00 X 0 0 0 DEBORAH JONES Director 1.00 0.00 X 0 0 0 JOANN HAMPTON Director 1.00 0.00 X 0 0 0 RANDY ROBERTS Director 1.00 0.00 X 0 0 0 231773 26846 1 false true false 0 228667 346583 575250 0 116909 116909 0 0 0 320617 700 313419 327 7198 373 7571 7571 0 0 0 MISCELLANEOUS 900099 30407 30407 30407 730137 37978 116909 0 0 0 0 213471 121617 91854 169259 169259 0 0 85993 65355 20638 28777 21871 6906 0 0 0 0 0 0 36460 9930 26530 62226 62226 14207 9985 4222 0 0 37108 28203 8905 8667 6934 1733 0 0 669 669 0 25102 17666 7436 5705 4744 961 PROPERTY TAXES 34591 34395 196 INCENTIVE AWARD 19716 19716 DUES & SUBSCRIPTIONS 11985 11985 COMPUTER EXPENSE 10312 7218 3094 30747 25473 5274 794995 616577 178418 0 756161 733244 1549591 1526129 17500 9667 5049 11512 0 0 352714 432335 0 8045 10219 2867373 218126 2703288 2649247 4784267 5289555 0 0 0 60000 0 10236615 10661908 8130 1231 29776 20381 37906 21612 X 9584482 9980251 12078 51916 602149 608129 10198709 10640296 10236615 10661908 -64858 506445 X false true X true false X 426000 409750 437751 420500 575250 2269251 0 0 426000 409750 437751 420500 575250 2269251 79366 2189885 81236 102958 140631 149096 116909 590830 0 24087 24115 22899 54270 30407 155778 3015859 0.72610 0.65990 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2472847 2472847 105038 49749 55289 167302 118329 48973 122186 50048 72138 2649247 X 1236582 506445 506445 730137 730137 794995 794995 794995 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, 2017, 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 231773 17078 9768 258619 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, 2017, THE CHAMBER PAID TEDC $178,640 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, 2016. RENT EXPENSE FOR THE YEAR ENDED SEPTEMBER 30, 2017 WAS $37,108. 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 6, 2017. 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.