Bangs Economic Development Corporation Inc
TO PROMOTE THE CITY OF BANGS, TEXAS AND HELP IT GROW INTO A MORE ECONIMICALLY SOUND AREA.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$519K
-3.3% YoY
Annual Giving
$89K
+120.4% YoY
Grant Count
2
-33.3% YoY
Avg Grant Size
$44K
+230.6% YoY
About Bangs Economic Development Corporation Inc
Based on IRS filings
Bangs Economic Development Corporation Inc is a nonprofit organization 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.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $518,850 | $536,637 | $507,117 |
| Revenue | $95,180 | $81,286 | $80,586 |
| Expenses | $108,079 | $51,766 | $66,849 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $10,855 | $6,664 | $6,213 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
Grant Size Distribution
6 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include Tiny Homes Direct Llc ($63,800), PONG CHEA dba TEXAS STAR DONUTS ($25,000).
| Recipient | Purpose | Amount |
|---|---|---|
| PONG CHEA dba TEXAS STAR DONUTS BANGS, TX | ECONOMIC IMPROVEMENT | $25,000 |
| TINY HOMES DIRECT LLC BANGS, TX | ECONOMIC IMPROVEMENT | $63,800 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| SARA YOUNG | PRESIDENT | 1 | — |
| ERIC SOUTHERLAND | MEMBER | 0.25 | — |
| JOE LAMER | MEMBER | 0.25 | — |
| CHARLES WEiDENHOEFER | MEMBER | 0.25 | — |
| STEVEN FUQUA | VICE PRESIDENT | 0.25 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Bangs Economic Development Corporation Inc?
Bangs Economic Development Corporation Inc is a nonprofit organization focused on Community Improvement & Capacity Building, based in BANGS, TX. It holds $519K in total assets as of 2025.
How large is Bangs Economic Development Corporation Inc?
As of 2025, Bangs Economic Development Corporation Inc holds $519K in total assets with $95K in annual revenue. It awarded 2 grants totaling $89K in 2025.
Where does Bangs Economic Development Corporation Inc operate?
Bangs Economic Development Corporation Inc has awarded grants in Texas.
What size grants does Bangs Economic Development Corporation Inc award?
In 2025, Bangs Economic Development Corporation Inc awarded 2 grants totaling $89K — an average of about $44K per grant, based on its IRS Form 990 filings.
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.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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