HAS Development Corporation
The organization seeks to promote air transportation, trade, and economic development for the benefit of the houston airport system and to provide services, such as airport technical advisory services and personnel training, to airports around the world.
HAS Development Corporation at a glance
In short: HAS Development Corporation gave $817K across 1 grant in 2024 (avg $817K), mostly in North Carolina. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $816,647
- -21.7% vs 2023
- Grants made (2024)
- 1
- +0.0% vs 2023
- Average grant
- $816,647
- -21.7% vs 2023
- Median grant
- $816,647
- Total assets
- $25,702,953
- +9.4% vs 2023
- Primary geography
- North Carolina (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
Who HAS Development Corporation funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Hamilton Sundstrand Corporation ($817K).
Grant Size Distribution
6 grants across all recorded years
The most common grant size was in the $1–5M range: 2 grants of 6 (33%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2024 grant dollars on its one itemized grant.
States
Cities
How HAS Development Corporation gives
- Giving grew 448% from 2021 to 2024. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $149K (2021) to $2.0M (2022). In 2024 it made 1 grant totaling $817K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Hamilton Sundstrand Corporation Charlotte, NC | To promote growth of the aerospace industry in houston and specifically the houston spaceport, to increase employment in houston in general and specifically in the aerospace industry and to promote economic activity and growth in houston. | $816,647 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $25,702,953 | $4,778,037 | $2,462,905 | $816,647 | 1 | $3,973,675 |
| 2023 | $23,489,645 | $6,600,717 | $2,946,772 | $1,042,825 | 1 | $5,334,467 |
| 2022 | $19,888,772 | $3,684,253 | $3,728,108 | $1,995,575 | 1 | $2,359,248 |
| 2021 | $20,118,032 | $1,642,583 | $1,813,317 | $148,912 | 1 | $59,062 |
| 2020 | $22,117,336 | $1,162,771 | $1,668,145 | $345,998 | 2 | $135,626 |
About HAS Development Corporation
Based on IRS filings
HAS Development Corporation is a public charity focused on public and societal benefit, based in Houston, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $25.7M in total assets. In 2024, it awarded 1 grant totaling $817K. Net investment income was $4.0M.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
HAS Development Corporation is led by Agustin Arellano, President & CEO since 2023 (on filings since 2021); 3 of 6 officers listed in 2024 are compensated.
Officers on the 2024 filing
Agustin Arellano
President & CEO
President → President & CEO, 2023
On filings since 2021
40 hrs/week
$98K (2021) → $362K (2024)
Jim Szczesniak
Chairman of the Board
New on the 2024 filing
0.5 hrs/week
No compensation reported
Ada C. Silva
CFO & Assistant Treasurer
Assistant Treasurer → CFO & Assistant Treasurer, 2023
On filings since 2020
40 hrs/week
$204K (2020) → $260K (2024)
Eduardo Iglesias
Chief Legal Officer & Assistant Secretary
Assistant Secretary → Chief Legal Officer & Assistant Secretary, 2023
On filings since 2021
40 hrs/week
$64K (2021) → $276K (2024)
Astley Blair
Secretary & Treasurer
On filings since 2020
0.5 hrs/week
No compensation reported
Michael Cox
Vice Chairman
On filings since 2020
0.5 hrs/week
No compensation reported
Former officers (3)
- Former: Mario Diaz (2020–2023) — Chairman of the Board
- Former: Ramon E. Miro (2020–2021) — Former President
- Former: Francis J. Coleman Jr. (2020) — Assistant Secretary
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $362K, to Agustin Arellano (President & CEO). 3 officers or directors reported compensation on that filing.
Frequently asked questions about HAS Development Corporation
How much does HAS Development Corporation give each year?
HAS Development Corporation gave $817K across 1 grant in 2024, according to its 2024 IRS Form 990. In 2023 it gave $1.0M across 1 grant.
How large is HAS Development Corporation?
HAS Development Corporation reported $25.7M in total assets on its 2024 IRS Form 990. Its revenue that year was $4.8M.
What is HAS Development Corporation?
HAS Development Corporation is a public charity focused on public and societal benefit, based in Houston, TX. It holds $25.7M in total assets as of 2024.
Where does HAS Development Corporation operate?
HAS Development Corporation has awarded grants in North Carolina, Texas.
What is HAS Development Corporation's EIN?
HAS Development Corporation's EIN (Employer Identification Number) is 74-3027286. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS November 15, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS November 14, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 10, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 20, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS October 7, 2025)
- IRS filings on file for fiscal years 2020–2024
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