Heart of Texas Economic Development District Inc
The exempt purpose of the Heart of Texas Economic Development District is to promote economic growth in the heart of Texas council of governments region in the state of Texas, to increase employment opportunities for the unemployed and underemployed, to assist and coordinate economic development efforts of local governments and organizations, to develop a comprehensive economic development strategy for the region, to conduct other activities supporting the region's economic development goals and objectives, and to exercise all other rights and powers granted to the corporation pursuant to the Texas non-profit corporation act.
Heart of Texas Economic Development District Inc at a glance
In short: Heart of Texas Economic Development District Inc gave $128K across 1 grant in 2025 (avg $128K), mostly in Texas. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $128,377
- +16.2% vs 2024
- Grants made (2025)
- 1
- +0.0% vs 2024
- Average grant
- $128,377
- +16.2% vs 2024
- Median grant
- $128,377
- Total assets
- $2,566,908
- +12.6% 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 Heart of Texas Economic Development District Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2025
The largest 2025 recipient was Heart of Texas Council of Governments ($128K).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $100–250K range: 3 grants of 5 (60%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2025 grant dollars on its one itemized grant.
States
Cities
How Heart of Texas Economic Development District Inc gives
- Giving grew 88% from 2022 to 2025. 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 2019 to 2025, annual grant giving ranged from $29K (2019) to $128K (2025). In 2025 it made 1 grant totaling $128K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Heart of Texas Council of Governments Waco, TX | EDA Matching Funds | $128,377 |
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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 | $2,566,908 | $616,006 | $251,840 | $128,377 | 1 | $39,598 |
| 2024 | $2,280,356 | $431,916 | $217,717 | $110,520 | 1 | $33,263 |
| 2023 | $2,140,226 | $231,434 | $165,762 | $103,393 | 1 | $23,508 |
| 2022 | $2,145,431 | $176,969 | $249,974 | $68,416 | 1 | $3,944 |
| 2021 | $2,327,506 | $263,842 | $143,213 | $62,604 | 1 | $848 |
| 2020 | $2,278,936 | $255,860 | $177,900 | $85,318 | 1 | $4,160 |
| 2019 | $2,269,455 | $272,809 | $125,323 | $29,234 | 1 | $10,130 |
About Heart of Texas Economic Development District Inc
Based on IRS filings
Heart of Texas Economic Development District Inc is a public charity focused on Community Improvement & Capacity Building, based in Waco, TX. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $2.6M in total assets. In 2025, it awarded 1 grant totaling $128K. Net investment income was $40K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Heart of Texas Economic Development District Inc is led by Russell Devorsky, President on every filing since 2019; none of the 24 officers listed in 2025 report compensation.
Officers on the 2025 filing
Russell Devorsky
President
On filings since 2019
0.5 hrs/week
No compensation reported
Cindy Vanlandingham
Chair
Secretary & Treasurer → Vice Chair, 2024
Vice Chair → Chair, 2025
On filings since 2021
0.5 hrs/week
No compensation reported
Calvin Reuter
Director
On filings since 2019
0.5 hrs/week
No compensation reported
Damaris Neelley
Director
Imm Past Chair → Director, 2020
On filings since 2019
0.5 hrs/week
No compensation reported
Dick Van Dyke
Director
On filings since 2019
0.5 hrs/week
No compensation reported
Jay Elliott
Director
Chairman → Imm Past Chair, 2020
Imm Past Chair → Director, 2021
On filings since 2019
0.5 hrs/week
No compensation reported
Justin Lewis
Director
On filings since 2019
0.5 hrs/week
No compensation reported
Kevin Benedict
Director
On filings since 2019
0.5 hrs/week
No compensation reported
Matthew Wright
Director
Chairman → Imm Past Chair, 2022
Imm Past Chair → Director, 2023
On filings since 2019
0.5 hrs/week
No compensation reported
Rangy Riggs
Director
On filings since 2019
0.5 hrs/week
No compensation reported
Ray O'Docharty
Director
On filings since 2019
0.5 hrs/week
No compensation reported
Richard Duncan
Director
On filings since 2019
0.5 hrs/week
No compensation reported
Robert Hawkins
Director
On filings since 2019
0.5 hrs/week
No compensation reported
Scott Felton
Director
On filings since 2019
0.5 hrs/week
No compensation reported
Charles Eaton
Director
Vice Chair → Chair, 2024
Chair → Director, 2025
On filings since 2020
0.5 hrs/week
No compensation reported
Ignacio Vazquez
Director
Vice Chair → Chair, 2023
Chair → Director, 2024
On filings since 2020
0.5 hrs/week
No compensation reported
Art Mann
Director
Imm Past Chair → Director, 2022
On filings since 2021
0.5 hrs/week
No compensation reported
Jerry Mobley
Director
New on the 2025 filing
0.5 hrs/week
No compensation reported
Jessica Trew
Director
New on the 2025 filing
0.5 hrs/week
No compensation reported
Lloyd Lane
Director
New on the 2025 filing
0.5 hrs/week
No compensation reported
Shane Bassell
Director
New on the 2025 filing
0.5 hrs/week
No compensation reported
Thomas Mills
Director
New on the 2025 filing
0.5 hrs/week
No compensation reported
David Davis
Vice Chair
Director → Secretary & Treasurer, 2024
Secretary & Treasurer → Vice Chair, 2025
On filings since 2019
0.5 hrs/week
No compensation reported
Andrea Kosar
Secretary & Treasurer
Director → Secretary & Treasurer, 2025
On filings since 2023
0.5 hrs/week
No compensation reported
Former officers (11)
- Former: Linda Grant (2019–2024) — Director
- Former: Jerry Baker (2019–2023) — Imm Past Chair
- Former: Alfred Solone (2022) — Director
- Former: Alred Solano (2019–2021) — Secretary & Treasurer
- Former: Keith Whitfield (2019–2021) — Director
- Former: Adam Hutchison (2019–2020) — Director
- Former: Arthur Mann (2019–2020) — Chairman
- Former: Daniel Burkeen (2019–2020) — Director
- Former: Don Pool (2019–2020) — Director
- Former: Edith Omberg (2019) — Director
- Former: Michael Baldwin (2019) — Director
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.
Frequently asked questions about Heart of Texas Economic Development District Inc
How much does Heart of Texas Economic Development District Inc give each year?
Heart of Texas Economic Development District Inc gave $128K across 1 grant in 2025, according to its 2025 IRS Form 990. In 2024 it gave $111K across 1 grant.
How large is Heart of Texas Economic Development District Inc?
Heart of Texas Economic Development District Inc reported $2.6M in total assets on its 2025 IRS Form 990. Its revenue that year was $616K.
What is Heart of Texas Economic Development District Inc?
Heart of Texas Economic Development District Inc is a public charity focused on Community Improvement & Capacity Building, based in Waco, TX. It holds $2.6M in total assets as of 2025.
Where does Heart of Texas Economic Development District Inc operate?
Heart of Texas Economic Development District Inc has awarded grants in Texas.
What is Heart of Texas Economic Development District Inc's EIN?
Heart of Texas Economic Development District Inc's EIN (Employer Identification Number) is 27-0083125. 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
(8)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS August 13, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS July 27, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS August 15, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS August 14, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS July 31, 2025)
- Added Form 990 for fiscal year 2019 (received by the IRS August 12, 2020)
- Added Form 990 for fiscal year 2025 (received by the IRS July 30, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Heart of Texas Economic Development District Inc funds
Community Improvement & Capacity Building Open opportunities, soonest deadline first.
- Leveling-Up Award $1,000 · Due October 25, 2026
- Arnold F. Keller, Jr. Grant for New Initiatives/Program Expansion $25,000 · Due October 27, 2026
- Wausau Marathon County Impact Grants (Community Foundation of North Central Wisconsin) $1,000 to $100,000 depending on the scope of the project · Due October 27, 2026
Explore Open Grants
Browse active grant opportunities in Heart of Texas Economic Development District Inc's focus areas in our free grants database
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