Henderson Economic Development Corp
Promote economic growth and creation of jobs
Key facts about Henderson Economic Development Corp
In short: Henderson Economic Development Corp gave $2.3M across 1 grant in 2023 (avg $2.3M), mostly in Texas. Source: 2023 IRS Form 990.
- EIN
- 75-2504486
- Latest 990 filing
- Form 990, 2023
- Annual giving (2023)
- $2,274,948
- Grants made (2023)
- 1
- Average grant
- $2,274,948
- Median grant
- $2,274,948
- Total assets
- $14,927,822
- Primary geography
- Texas (100% of itemized 2023 grant dollars)
Data from IRS Form 990, 2023; updated September 2026.
Financial Overview
From 2023 IRS Form 990 · View filing
Total Assets
$14.9M
+11.3% YoY
Annual Giving
$2.3M
+13.1% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$2.3M
+13.1% YoY
How Henderson Economic Development Corp gives
- Giving grew 716% from 2020 to 2023. Method
From the foundation's IRS Form 990 filings. Methodology.
About Henderson Economic Development Corp
Based on IRS filings
Henderson Economic Development Corp is a public charity focused on Economically disadvantaged people, based in Henderson, TX. IRS filing data is available from 2019 through 2023. As of 2023, the organization holds $14.9M in total assets. In 2023, it awarded 1 grant totaling $2.3M. Net investment income was $507K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2023 grant dollars on its one itemized grant.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2023, annual grant giving ranged from $279K (2019) to $2.3M (2023). In 2023 it made 1 grant totaling $2.3M.
Grant Insights
How this funder distributes its grants
Top Recipients
Top recipient in 2023
The largest 2023 recipient was City of Henderson ($2.3M).
Grant Size Distribution
5 grants across all recorded years
The most common grant size was in the $250–500K range: 3 grants of 5 (60%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| City of Henderson Henderson, TX | Econ Dev Program | $2,274,948 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $14,927,822 | $13,411,728 | $11,949,296 |
| Revenue | $2,794,786 | $2,093,285 | $1,739,748 |
| Expenses | $574,278 | $682,497 | $1,203,793 |
| Net Investment Income | $507,039 | $68,590 | $53,936 |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2019 (received by the IRS June 8, 2020)
- Updated Form 990 for fiscal year 2020 (received by the IRS September 2, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS August 4, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS August 13, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS February 20, 2024)
- IRS filings on file for fiscal years 2020–2023
Leadership & Key People
Officers and directors from IRS filings
Henderson Economic Development Corp is led by John Clary, Executive Director on every filing since 2019; none of the 6 officers listed in 2023 report compensation.
Officers on the 2023 filing
John Clary
Executive Director
On filings since 2019
40 hrs/week
$134K (2020) → $0 (2023)
Wf Garmon III
President
On filings since 2019
3 hrs/week
No compensation reported
Joe Sorrells
Secretary
On filings since 2019
3 hrs/week
No compensation reported
Noble Welch
Board Member
On filings since 2019
3 hrs/week
No compensation reported
Raymond Michell
Vice President
On filings since 2019
3 hrs/week
No compensation reported
Paul Morris
Treasurer
On filings since 2020
3 hrs/week
No compensation reported
Former officers (1)
- Former: Johnny Foster (2019) — Treasurer
Data from IRS Form 990 filings, 2019–2023. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2020 IRS filing
The highest reported compensation on the 2020 filing was $134K, to John Clary (Exec Director).
Frequently asked questions about Henderson Economic Development Corp
How much does Henderson Economic Development Corp give each year?
Henderson Economic Development Corp gave $2.3M across 1 grant in 2023, according to its 2023 IRS Form 990. In 2022 it gave $2.0M across 1 grant.
How large is Henderson Economic Development Corp?
Henderson Economic Development Corp reported $14.9M in total assets on its 2023 IRS Form 990. Its revenue that year was $2.8M.
What is Henderson Economic Development Corp?
Henderson Economic Development Corp is a public charity focused on Economically disadvantaged people, based in Henderson, TX. It holds $14.9M in total assets as of 2023.
Where does Henderson Economic Development Corp operate?
Henderson Economic Development Corp has awarded grants in Texas.
What is Henderson Economic Development Corp's EIN?
Henderson Economic Development Corp's EIN (Employer Identification Number) is 75-2504486. IRS Form 990 filing data is available on this page for 2019–2023.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Here's the math on researching Henderson Economic Development Corp by hand.
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