MARBLE FALLS ECONOMIC DEVELOPMENT CORPORATION Charity Report

Public IRS 990 nonprofit record

MARBLE FALLS ECONOMIC DEVELOPMENT CORPORATION

EIN 74-2637990 · Homeowners & Tenants Associations (L50)

What they do

to ATTRACT and SUPPORT BUSINESS and ECONOMIC DEVELOPMENT IN THE MARBLE FALLS AREA THROUGH STRATEGIC PLANNING, WORKFORCE TRAINING, and MARKETING.

Before you give

Are they doing good?

Easy charity check

Good signs so far

The public paperwork has several good signs. Now check whether the charity can show who it helped.

Here is the honest answer: A tax form shows money and paperwork. It cannot prove that people, animals, or the community were truly helped.

Good signs we looked for

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2023The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders11 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

$47.13spent for every $100 of revenueRevenue covered expenses this year.

$16.47in assets for every $1 spent this yearSome assets cannot be spent right away.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $197,536 for CHRISTIAN FLETCHER (EXECUTIVE DIRECTOR). Compare pay with organizations of similar size and complexity.

Bottom line: Good paperwork is a good sign—not proof. The best answer comes when the charity can show what it changed, who it helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2023

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

Money in and money out

Revenue$4,711,299

Expenses$2,220,426

Annual surplus $2,490,873 Revenue was higher than expenses for this filing year.

Selected spending reported on the 990

Each amount is compared with total expenses separately. These categories can overlap, so they should not be added together as a pie chart.

Grants paid$2,007,150 · 90.4% of expenses

See all reported dollar amounts

Revenue$4,711,299

Expenses$2,220,426

Assets$36,567,573

Income$4,711,299

Grants given$2,007,150

Average grant$23,339

Accounting fees$3,250

People

Leadership and board

Tax year 2023

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

CHRISTIAN FLETCHEREXECUTIVE DIRECTOR · 40 hrs/week $197,536Base $161,441 · Other $36,095

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (11)

CHRISTIAN FLETCHEREXECUTIVE DIRECTOR

CHRISTINA MCDONALD CITY SECRETARYSECRETARY

DAVE RHODESDIRECTOR 5/21/24 TO PRESENT

DEE HADDOCKDIRECTOR 6/6/23 TO 5/21/24

JEFF LAZENBY DIRECTOR OF FINANCETREASURER 4/7/21 TO PRESEN

JOHN PACKERDIRECTOR

JUDY MILLERDIRECTOR

LINDSAY PLANTEDIRECTOR

MARK MAYFIELDVICE PRESIDENT

RYAN NASHDIRECTOR

STEVE REITZPRESIDENT

About this charity

Recognized since: January 1993
Location: 800 3RD STREET, MARBLE FALLS, TX 78654
County: Burnet
In care of: STEVE REITZ
Primary officer: STEVE REITZ, PRESIDENT

How to reach them

WebsiteVisit the charity’s website Phone(830) 798-7075

Filing and classification

Latest tax year: 2023
Tax period began: October 1, 2023
Return type: 990
Tax preparer: PATTILLO BROWN & HILL LLP
NTEE classification: Homeowners & Tenants Associations (L50)
IRS tax category: Homeowners & Tenants Associations
Grant-giving organization: Yes