Passes our checks

Fort Hood Region Economic Development Foundation

EIN 82-1794219 · Killeen, TX

Public records show a registered, tax-exempt organization in good standing.

What it says it does

TO PROVIDE VISION, LEADERSHIP, AND SUPPORT TO EDUCATIONAL, COMMUNITY AND BUSINESS LEADERS TO CREATE ECONOMIC PROSPERITY

Source: Form 990 for the year ending September 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Good: 85 out of 100. Higher than 73% of charities in its peer group (employment, under $250k).

Reserves
35 of 35
Spendable reserves would cover 12.6 months of spending.
Debt
20 of 20
It owes 0% of what it owns.
Living within its means
15 of 15
Income exceeded spending by 30% of income.
Income trend
0 of 15
Income fell 28% on the year before.
Spending floor
15 of 15
100% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending September 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Good: 81 out of 100. Higher than 69% of charities in its peer group (employment, under $250k).

Independent board
25 of 25
14 of 14 voting board members are independent.
Conflict of interest policy
15 of 15
Has a written conflict of interest policy.
Whistleblower policy
0 of 8
Reports no written whistleblower policy.
Record keeping policy
0 of 7
Reports no written policy on keeping and destroying records.
Board minutes
5 of 5
Keeps minutes of board meetings.
Board sees the tax return
10 of 10
Gave the board a copy of this return before filing it.
No reported misuse
10 of 10
Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending September 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)

$90,693 spent. DURING THE FISCAL YEAR ENDED SEPTEMBER 30, 2025, THE FORT HOOD REGIONAL ECONOMIC DEVELOPMENT FOUNDATION (FHRED) CONTINUED ITS MISSION TO SUPPORT SUSTAINABLE ECONOMIC PROSPERITY THROUGHOUT THE GREATER KILLEEN REGION THROUGH REGIONAL COLLABORATION, INDUSTRY ATTRACTION, AND STRATEGIC ECONOMIC DEVELOPMENT INITIATIVES. FHRED FOCUSED ON ATTRACTING AND INCUBATING INDUSTRY, GROWING INVESTMENT, MARKETING REGIONAL COMPETITIVE ASSETS AND RESEARCH CAPABILITIES, AND ADVANCING INFRASTRUCTURE PRIORITIES. ACTIVITIES INCLUDED CONTINUED EFFORTS RELATED TO FUTURE BUSINESS PARK DEVELOPMENT FOLLOWING LAND ACQUISITION IN 2024; UTILIZATION OF GAZELLE SOFTWARE AND RESEARCH TOOLS TO SUPPORT TARGET-INDUSTRY RESEARCH AND BUSINESS ATTRACTION; ADVOCACY AND MARKETING SUPPORTING INTERSTATE I-14 EXPANSION AND REGIONAL INFRASTRUCTURE NEEDS; AND REGIONAL ECONOMIC DEVELOPMENT AWARENESS THROUGH THE JULY 2025 KILLEEN ECONOMIC OUTLOOK LUNCHEON. THESE EFFORTS SUPPORTED FHRED'S BROADER OBJECTIVE OF STRENGTHENING REGIONAL COMPETITIVENESS, ENCOURAGING BUSINESS INVESTMENT, AND POSITIONING THE FORT HOOD REGION FOR LONG-TERM ECONOMIC GROWTH.

Source: Form 990 for the year ending September 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending September 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since September 2017.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 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 November 4, 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.