Bangs Economic Development Corporation Inc

Public charity · Grantmaker Bangs, TX EIN: 26-1987990

To promote the city of bangs, Texas and help it grow into a more econimically sound area.

Bangs Economic Development Corporation Inc at a glance

In short: Bangs Economic Development Corporation Inc gave $89K across 2 grants in 2025 (avg $44K), mostly in Texas. Source: 2025 IRS Form 990.

Annual giving (2025)
$88,800
+120.4% vs 2024
Grants made (2025)
2
-33.3% vs 2024
Average grant
$44,400
+230.6% vs 2024
Median grant
$44,400
Total assets
$518,850
-3.3% vs 2024
Primary geography
Texas (100% of itemized 2025 grant dollars)
Latest 990 filing
Form 990, 2025 View filing

Data from IRS Form 990, 2025; updated September 2026.

Who Bangs Economic Development Corporation Inc funds

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2025

Tiny Homes Direct LLC: $64KTiny Homes Direct LLC$64KPONG CHEA dba TEXAS STAR DONUTS: $25KPONG CHEA dba TEXAS STARDONUTS$25K

The largest 2025 recipient was Tiny Homes Direct LLC ($64K). Together the top 2 received $89K.

Grant Size Distribution

6 grants across all recorded years

5<$50K1$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 5 grants of 6 (83%).

Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of 2025 grant dollars across all 2 itemized grants.

States

Cities

Bangs

Giving History

Giving Over Time

Total grant dollars and number of grants per year

$0$25K$50K$75K$100K0 grants2021 0 grants2022 1 grant2023 3 grants2024 2 grants2025

From 2023 to 2025, annual grant giving ranged from $22K (2023) to $89K (2025). In 2025 it made 2 grants totaling $89K.

Grants by year

Grant recipients and amounts by year

RecipientPurposeAmount
Tiny Homes Direct LLC Bangs, TXEconomic Improvement$63,800
PONG CHEA dba TEXAS STAR DONUTS Bangs, TXEconomic Improvement$25,000
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Financial History

Multi-year comparison from IRS filings

Figures from IRS filings, by filing year
Filing yearTotal AssetsRevenueExpensesGrants paidGrantsNet Investment Income
2025$518,850$95,180$108,079$88,8002$10,855
2024$536,637$81,286$51,766$40,2953$6,664
2023$507,117$80,586$66,849$21,6001$6,213
2022$493,380$69,316$12,322———
2021$436,377$59,064$4,432———

About Bangs Economic Development Corporation Inc

Based on IRS filings

Bangs Economic Development Corporation Inc is a public charity focused on Community Improvement & Capacity Building, based in Bangs, TX. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $519K in total assets. In 2025, it awarded 2 grants totaling $89K. Net investment income was $11K.

Leadership & Key People

Officers and directors from IRS filings

Bangs Economic Development Corporation Inc is led by Sara Young, President since 2024 (on filings since 2021); none of the 5 officers listed in 2025 report compensation.

Officers on the 2025 filing

  • Sara Young

    President

    Member → President, 2024

    On filings since 2021

    1 hr/week

    No compensation reported

  • CHARLES WEiDENHOEFER

    Member

    On filings since 2024

    0.3 hrs/week

    No compensation reported

  • Eric Southerland

    Member

    New on the 2025 filing

    0.3 hrs/week

    No compensation reported

  • Joe Lamer

    Member

    New on the 2025 filing

    0.3 hrs/week

    No compensation reported

  • Steven Fuqua

    Vice President

    New on the 2025 filing

    0.3 hrs/week

    No compensation reported

Former officers (10)
  • Former: Laura Tilley (2023–2024) — Secretary
  • Former: Eric Soumerland (2024) — Vice President
  • Former: Jobi Blacketer (2024) — Treasurer
  • Former: Joe Lehman (2024) — Member
  • Former: Carrol Wells (2021–2023) — President
  • Former: Phillis Morris (2021–2023) — Treasurer
  • Former: Stephen Fuqua (2021–2023) — Vice President
  • Former: Garrett Hager (2023) — Member
  • Former: Donna Peck (2021–2022) — Member
  • Former: Mike Stephens (2021) — Vice President

Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Frequently asked questions about Bangs Economic Development Corporation Inc

How much does Bangs Economic Development Corporation Inc give each year?

Bangs Economic Development Corporation Inc gave $89K across 2 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $40K across 3 grants.

How large is Bangs Economic Development Corporation Inc?

Bangs Economic Development Corporation Inc reported $519K in total assets on its 2025 IRS Form 990. Its revenue that year was $95K.

What is Bangs Economic Development Corporation Inc?

Bangs Economic Development Corporation Inc is a public charity focused on Community Improvement & Capacity Building, based in Bangs, TX. It holds $519K in total assets as of 2025.

Where does Bangs Economic Development Corporation Inc operate?

Bangs Economic Development Corporation Inc has awarded grants in Texas.

What is Bangs Economic Development Corporation Inc's EIN?

Bangs Economic Development Corporation Inc's EIN (Employer Identification Number) is 26-1987990. IRS Form 990 filing data is available on this page for 2021–2025.

Data last updated September 2026. Sourced from IRS Form 990 filings.

Data update history

(4)

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990 for fiscal year 2023 (received by the IRS November 20, 2023)
  2. Updated Form 990 for fiscal year 2024 (received by the IRS February 11, 2025)
  3. Updated Form 990 for fiscal year 2025 (received by the IRS November 18, 2025)
  4. IRS filings on file for fiscal years 2021–2025

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The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open

Figures come from Bangs Economic Development Corporation Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.

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