Kerrville Economic Development Corporation
Public records raise at least one point you should look into before giving.
What it says it does
THE PURPOSE OF KEDC IS TO BE A LEADER IN ECONOMIC DEVELOPMENT FOR KERRVILLE, TEXAS BY FACILITATING MEANINGFUL ACTIVITIES THAT PROMOTE GROWTH, RETENTION, AND PROSPERITY. PARTICULAR ATTENTION AND EMPHASIS SHALL BE GIVEN TO SUPPORT THE ECONOMIC, COMMERCIAL, TOURISM, AGRICULTURE, RECREATIONAL, QUALITY OF LIFE, HEALTH CARE, CULTURAL, INDUSTRIAL, RESEARCH, AND EDUCATIONAL INTERESTS OF THE CITY THAT DIRECTLY BROADENS THE TAX BASE.
- Income
- $557,000
- Spending
- $502,357
- Employees
- 2
- Volunteers
- 11
Source: Form 990 for the year ending October 31, 2024, filed with the Internal Revenue Service. How we rate
Financial health
We do not score finances when yearly spending is very small or the return has too little detail. The ratios stop meaning much at that size.
Source: Form 990 for the year ending October 31, 2024, filed with the Internal Revenue Service. How we rate
Governance
This return does not answer enough of the governance questions to score.
Source: Form 990 for the year ending October 31, 2024, filed with the Internal Revenue Service. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (3)
- $150,000 spent. KERREDC'S BUSINESS RETENTION & EXPANSION (BRE) PROGRAM ENGAGED 37 BUSINESSES DURING FISCAL YEAR 2024, PROVIDING DIRECT TECHNICAL ASSISTANCE, WORKFORCE SOLUTIONS, AND CONNECTIONS TO STATE AND LOCAL RESOURCES. THIS PROGRAM HELPED RETAIN OVER 1,900 LOCAL JOBS, SUPPORTED EXPANSIONS, AND ADDRESSED CRITICAL ISSUES SUCH AS SUPPLY CHAIN, WORKFORCE SHORTAGES, AND FACILITY NEEDS. BRE ALSO INCLUDED QUARTERLY ROUNDTABLES AND CUSTOMIZED COMPANY VISITS TO ENSURE CONTINUED GROWTH AND STABILITY OF EXISTING EMPLOYERS.
- $140,000 spent. KERREDC LED SEVERAL HIGH-PROFILE RECRUITMENT AND CAPITAL INVESTMENT INITIATIVES, INCLUDING PROJECT NEXUS ($10M POTENTIAL INVESTMENT), MEGAACRETE (ADVANCED MATERIALS MANUFACTURING WITH INTERNATIONAL INVESTOR INTEREST), AND PARTICIPATION IN TRADE MISSIONS (MONTERREY, SWEDEN, AND RURAL AIR MOBILITY COLLABORATIONS). RECRUITMENT ACTIVITIES CONNECTED EXECUTIVES WITH KERR COUNTY PROPERTIES, WORKFORCE DATA, AND INCENTIVE TOOLS, POSITIONING KERRVILLE FOR LONG-TERM GROWTH.
- $120,000 spent. KERREDC ADVANCED LOCAL WORKFORCE AND QUALITY-OF-LIFE INFRASTRUCTURE TO STRENGTHEN THE BUSINESS ENVIRONMENT INCLUDING:CHILDCARE SUMMIT PLANNING AND CHILDCARE FACILTY EXPLORATION.HOSTING THE TEXAS VENTURE FEST.ONGOING COLLABORATIONS WITH LOCAL SCHOOLS, UNIVERSITIES, AND WORKFORCE BOARDS TO ALIGN TRAINING PROGRAMS TO ADDRESS WORKFORCE PARTICIPATION BARRIERS AND PROMOTE KERRVILLE AS A COMPETITIVE AND LIVABLE COMMUNITY.
Source: Form 990 for the year ending October 31, 2024, filed with the Internal Revenue Service. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(6) business league.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Has the IRS revoked its tax-exempt status? Worth knowing.
Status was revoked on March 15, 2013 for not filing returns for three years. The IRS now lists it as tax-exempt again.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.
Are donations tax-deductible? Caution.
The IRS master file records contributions to this 501(c)(6) business league as not deductible.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending October 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since May 2015.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.