Carthage Economic Development Corp
To benefit and accomplish public purposes for the city of carthage, Texas by promoting, assisting and enhancing economic development activities for the city as provided by the state of Texas development corporation act of 1979, local government code, chapter 504.
Carthage Economic Development Corp at a glance
- Total assets
- $5,000,807
- +19.7% vs 2024
- Revenue (2025)
- $1,019,436
- +14.3% vs 2024
- Net investment income (2025)
- $129,106
- +75.6% vs 2024
- Expenses (2025)
- $195,833
- -38.2% vs 2024
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Carthage Economic Development Corp funds
How this funder distributes its grants
Grant Size Distribution
2 grants across all recorded years
The most common grant size was in the $100–250K range: 2 grants of 2 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2023, annual grant giving ranged from $129K (2023, 15 months) to $260K (2020). In 2023 it made 1 grant totaling $129K.
*2023: Covers 15 months (fiscal year-end changed).
Grants by year
Grant recipients and amounts by year
*2023: Covers 15 months (fiscal year-end changed).
| Recipient | Purpose | Amount |
|---|---|---|
| K-8 Holding Company LLC Carthage, TX | Economic Development | $128,709 |
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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 | $5,000,807 | $1,019,436 | $195,833 | — | — | $129,106 |
| 2024 | $4,177,204 | $891,960 | $316,855 | — | — | $73,502 |
| 2023* | $4,177,204 | $1,850,388 | $622,633 | $128,709 | 1 | $116,203 |
| 2022 | $2,864,879 | $781,390 | $148,714 | — | — | $10,070 |
| 2021 | $2,432,203 | $650,150 | $360,302 | $212,000 | 1 | $8,291 |
| 2020 | $1,942,355 | $643,656 | $384,261 | $259,503 | 1 | $6,760 |
| 2019 | $1,682,960 | $654,539 | $396,099 | $250,256 | 1 | $6,019 |
*2023: Covers 15 months (fiscal year-end changed).
About Carthage Economic Development Corp
Based on IRS filings
Carthage Economic Development Corp is a public charity, based in Carthage, TX. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $5.0M in total assets. Net investment income was $129K.
Leadership & Key People
Officers and directors from IRS filings
Carthage Economic Development Corp is led by Stephen K. Williams, President on every filing since 2020; 2 of 7 officers listed in 2025 are compensated.
Officers on the 2025 filing
Stephen K. Williams
President
On filings since 2020
4 hrs/week
$17K (2020) → $41K (2025)
Olin Joffrion
Chairman
Secretary → Chairman, 2021
On filings since 2019
No compensation reported
Tate Barber
Director
On filings since 2021
No compensation reported
Isha Brown
Director
On filings since 2022
No compensation reported
John Cooke
Director
On filings since 2023
No compensation reported
Teresa Dennard
Recording Se
On filings since 2023
40 hrs/week
$67K (2023) → $57K (2025)
Jerry Hanszen
Secretary
Director → Secretary, 2023
On filings since 2019
No compensation reported
Former officers (4)
- Former: Walta Cooke (2019–2022) — Secretary
- Former: Ida Beck (2019–2021) — Director
- Former: Lynn Vincent (2019–2020) — Chairman
- Former: Steve Williams (2019) — President
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $57K, to Teresa Dennard (Recording Se). 2 officers or directors reported compensation on that filing.
Frequently asked questions about Carthage Economic Development Corp
How large is Carthage Economic Development Corp?
Carthage Economic Development Corp reported $5.0M in total assets on its 2025 IRS Form 990. Its revenue that year was $1.0M.
Where does Carthage Economic Development Corp operate?
Carthage Economic Development Corp has awarded grants in Texas.
What is Carthage Economic Development Corp's EIN?
Carthage Economic Development Corp's EIN (Employer Identification Number) is 75-2488443. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(5)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2019 (received by the IRS May 19, 2020)
- Updated Form 990 for fiscal year 2020 (received by the IRS March 23, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS February 15, 2022)
- Added Form 990 for fiscal year 2025 (received by the IRS April 29, 2026)
- Updated Form 990 for fiscal year 2023 (received by the IRS August 18, 2025)
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