Heart of Texas Economic Development
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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.3M
+6.5% YoY
Annual Giving
$111K
+6.9% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$111K
+6.9% YoY
About Heart of Texas Economic Development
Based on IRS filings
Heart of Texas Economic Development is a nonprofit organization focused on Community Improvement & Capacity Building, based in WACO, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.3M in total assets. In 2024, it awarded 1 grants totaling $111K. Net investment income was $33K.
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 | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,280,356 | $2,140,226 | $2,145,431 |
| Revenue | $431,916 | $231,434 | $176,969 |
| Expenses | $217,717 | $165,762 | $249,974 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $33,263 | $23,508 | $3,944 |
| 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 1 recipients in 2024
Grant Size Distribution
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| CHARLES EATON | CHAIR | 0.5 | — |
| CINDY VANLANDINGHAM | VICE CHAIR | 0.5 | — |
| DAVID DAVIS | SECRETARY/TREASURER | 0.5 | — |
| RUSSELL DEVORSKY | PRESIDENT | 0.5 | — |
| DAMARIS NEELEY | DIRECTOR | 0.5 | — |
| CALVIN REUTER | DIRECTOR | 0.5 | — |
| JAY ELLIOTT | DIRECTOR | 0.5 | — |
| MATTHEW WRIGHT | DIRECTOR | 0.5 | — |
| KEVIN BENEDICT | DIRECTOR | 0.5 | — |
| LINDA GRANT | DIRECTOR | 0.5 | — |
| JUSTIN LEWIS | DIRECTOR | 0.5 | — |
| ART MANN | DIRECTOR | 0.5 | — |
| IGNACIO VAZQUEZ | DIRECTOR | 0.5 | — |
| RAY O'DOCHARTY | DIRECTOR | 0.5 | — |
| RICHARD DUNCAN | DIRECTOR | 0.5 | — |
| SCOTT FELTON | DIRECTOR | 0.5 | — |
| ROBERT HAWKINS | DIRECTOR | 0.5 | — |
| RANGY RIGGS | DIRECTOR | 0.5 | — |
| DICK VAN DYKE | DIRECTOR | 0.5 | — |
| ANDREA KOSAR | DIRECTOR | 0.5 | — |
Subject Areas
Focus areas based on grantmaking activity
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Similar funders by location and focus area
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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