Bangs Economic Development Corporation Inc
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
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
The most common grant size was under $50K: 5 grants of 6 (83%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
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
| Recipient | Purpose | Amount |
|---|---|---|
| Tiny Homes Direct LLC Bangs, TX | Economic Improvement | $63,800 |
| PONG CHEA dba TEXAS STAR DONUTS Bangs, TX | Economic Improvement | $25,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $518,850 | $95,180 | $108,079 | $88,800 | 2 | $10,855 |
| 2024 | $536,637 | $81,286 | $51,766 | $40,295 | 3 | $6,664 |
| 2023 | $507,117 | $80,586 | $66,849 | $21,600 | 1 | $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.
Focus Areas
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
- Updated Form 990 for fiscal year 2023 (received by the IRS November 20, 2023)
- Updated Form 990 for fiscal year 2024 (received by the IRS February 11, 2025)
- Updated Form 990 for fiscal year 2025 (received by the IRS November 18, 2025)
- IRS filings on file for fiscal years 2021–2025
Explore Open Grants
Browse active grant opportunities in Bangs Economic Development Corporation Inc's focus areas in our free grants database
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