Overview

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Est.

1982

Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

The Texas Panhandle Regional Development Corporation (EIN: 75-1834030) is a nonprofit organization dedicated to enhancing the economic development and social welfare of Texas, with a specific focus on 25 counties in the Texas Panhandle. With an operating budget of $223.7K and total revenue of $340.5K for the 2024 filing year, the organization aims to foster business growth and increase employment opportunities within the region. The organization does not rely on a single funder for 50% or more of its revenue, ensuring a diverse funding base to support its mission.

Mission Statement

THIS CORPORATION IS ORGANIZED FOR THE PRIMARY PURPOSE AND OBJECTIVE OF FURTHERING THE ECONOMIC DEVELOPMENT AND SOCIAL WELFARE OF THE STATE OF TEXAS, WITH A PRIMARY FOCUS ON ARMSTRONG, BRISCOE, CARSON, CASTRO, CHILDRESS, COLLINGSWORTH, DALLAM, DEAF SMITH, DONLEY, GRAY, HALL, HANSFORD, HARTLEY, HEMPHILL, HUTCHINSON, LIPSCOMB, MOORE, OCHILTREE, OLDHAM, PARMER, POTTER, RANDALL, ROBERTS, SHERMAN, SWISHER, AND WHEELER COUNTIES, AND THEIR ENVIRONS BY PROMOTING AND ASSISTING THE GROWTH AND DEVELOPMENT OF BUSINESS CONCERNS, INCLUDING SMALL BUSINESS CONCERNS, IN SUCH AREA. THE PRINCIPAL OBJECTIVES OF THE CORPORATION SHALL BE TO BENEFIT THE COMMUNITY BY FOSTERING THE INCREASED EMPLOYMENT OPPORTUNITIES AND EXPANSION OF BUSINESS AND INDUSTRY FOR THE CITIZENS OF THE AREA. MONETARY PROFITS OR OTHER BENEFITS TO MEMBERS MUST BE MERELY INCIDENTAL THERETO. THE FINANCIAL PROGRAM, EXCEPT THOSE PERMITTED UNDER TITLE V OF THE SMALL BUSINESS CORPORATION, SHALL NOT PARTICIPATE IN ANY OTHER SBA.
Revenues
$340.5K
Expenses
$223.7K
Net Income:
+$116.7K
Assets
$2.9M
Liabilities
$335.6K
Net Assets:
+$2.6M
Operating Budget
$223.7K
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Not in Pub 78 list
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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W
Warren Cornelius
Board Member
W
Wes Wright
Board Member
R
Roxanne Grabbe
Board Member

Frequently Asked Questions

What is TEXAS PANHANDLE REGIONAL DEVELOPMENT CORPORATION’s budget?
In 2024, TEXAS PANHANDLE REGIONAL DEVELOPMENT CORPORATION reported an annual operating budget of around $224 thousand. More detailed financial information is available to registered users.
What causes does TEXAS PANHANDLE REGIONAL DEVELOPMENT CORPORATION support?
TEXAS PANHANDLE REGIONAL DEVELOPMENT CORPORATION supports work in Community improvement.
Where does TEXAS PANHANDLE REGIONAL DEVELOPMENT CORPORATION operate?
TEXAS PANHANDLE REGIONAL DEVELOPMENT CORPORATION is headquartered in Amarillo, TX.