Alto Economic Development Corporation

  • Alto, TX
  • Tax exemption issued: Aug. 2010
  • EIN: 27-0925328

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Community Improvement, Capacity Building / Economic Development (NTEE)

Donations to this organization are tax deductible.

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Organizations with gross receipts of less than $50,000 can file the form 990-N postcard filing, which doesn’t include financial details. All Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2025

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$125,256
Expenses
$77,761
Net Income
$47,495
Net Assets
$503,883
Notable Sources of Revenue Percent of Total Revenue
Contributions $110,701
88.4%
Program Services $0
Investment Income $6,053
4.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $8,502
6.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $36,660
47.1%
Assets/Debt
Total Assets $505,804
Total Liabilities $1,921
Net Assets $503,883
Compensation
Key Employees and Officers Compensation Related Other
Kathi Davis (Executive Director) $36,660 $0 $0
Carey Palmer (President) $0 $0 $0
Cody Allen (Director) $0 $0 $0
Dwayne King (Director) $0 $0 $0
Larry Griffith (Vice President) $0 $0 $0
Ron Rose (Director) $0 $0 $0
Mary Mitchell (Director) $0 $0 $0
Kenneth Hicks (Director) $0 $0 $0
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Document Links

990
Filed on May 26, 2026

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2024

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$114,550
Expenses
$85,500
Net Income
$29,050
Net Assets
$456,389
Notable Sources of Revenue Percent of Total Revenue
Contributions $111,062
97.0%
Program Services $0
Investment Income $3,488
3.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $458,486
Total Liabilities $2,097
Net Assets $456,389
Compensation
Key Employees and Officers Compensation Other
Carey Palmer (President) $0 $0
Cody Allen (Director) $0 $0
Dwayne King (Director) $0 $0
Larry Griffith (Vice President) $0 $0
Ron Rose (Director) $0 $0
Mary Mitchell (Director) $0 $0
Kenneth Hicks (Director) $0 $0
+ View more people

Document Links

990-EZ
Filed on May 15, 2025

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$105,658
Expenses
$67,223
Net Income
$38,435
Net Assets
$406,379
Notable Sources of Revenue Percent of Total Revenue
Contributions $102,550
97.1%
Program Services $0
Investment Income $3,108
2.9%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $409,055
Total Liabilities $2,676
Net Assets $406,379
Compensation
Key Employees and Officers Compensation Other
Carey Palmer (President) $0 $0
Cody Allen (Director) $0 $0
Dwayne King (Director) $0 $0
Larry Griffith (Secretary) $0 $0
Ron Rose (Director) $0 $0
Mary Mitchell (Director) $0 $0
Kenneth Hicks (Director) $0 $0
+ View more people

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990-EZ
Filed on Oct. 28, 2024

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$81,758
Expenses
$61,252
Net Income
$20,506
Net Assets
$367,944
Notable Sources of Revenue Percent of Total Revenue
Contributions $81,306
99.4%
Program Services $0
Investment Income $452
0.6%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $370,570
Total Liabilities $2,626
Net Assets $367,944
Compensation
Key Employees and Officers Compensation Other
Carey Palmer (President) $0 $0
Cody Allen (Director) $0 $0
James D Pearman (Treasurer) $0 $0
Larry Griffith (Secretary) $0 $0
Ron Rose (Director) $0 $0
Mary Mitchell (Director) $0 $0
Kenneth Hicks (Director) $0 $0
+ View more people

Document Links

990-EZ
Filed on Nov. 15, 2023

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$81,315
Expenses
$65,154
Net Income
$16,161
Net Assets
$347,448
Notable Sources of Revenue Percent of Total Revenue
Contributions $81,249
99.9%
Program Services $0
Investment Income $66
0.1%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $349,834
Total Liabilities $2,386
Net Assets $347,448
Compensation
Key Employees and Officers Compensation Other
Carey Palmer (President) $0 $0
Cody Allen (Director) $0 $0
James D Pearman (Treasurer) $0 $0
Larry Griffith (Secretary) $0 $0
Ron Rose (Director) $0 $0
Mary Mitchell (Director) $0 $0
Kenneth Hicks (Director) $0 $0
+ View more people

Document Links

990-EZ
Filed on Aug. 11, 2022

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$50,818
Expenses
$75,402
Net Income
-$24,584
Net Assets
$331,872
Notable Sources of Revenue Percent of Total Revenue
Contributions $50,656
99.7%
Program Services $0
Investment Income $162
0.3%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $333,884
Total Liabilities $2,012
Net Assets $331,872
Compensation
Key Employees and Officers Compensation Other
Carey Palmer (President) $0 $0
Cody Allen (Director) $0 $0
James D Pearman (Treasurer) $0 $0
Larry Griffith (Secretary) $0 $0
Ron Rose (Director) $0 $0
Mary Mitchell (Director) $0 $0
Randy Selman (Director) $0 $0
+ View more people

Document Links

990-EZ
Filed on March 29, 2021

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$291,118
Expenses
$47,959
Net Income
$243,159
Net Assets
$356,434
Notable Sources of Revenue Percent of Total Revenue
Contributions $290,905
99.9%
Program Services $0
Investment Income $213
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $25,917
54.0%
Assets/Debt
Total Assets $358,121
Total Liabilities $1,687
Net Assets $356,434
Compensation
Key Employees and Officers Compensation Related Other
Carey Palmer (President) $0 $0 $0
Cody Allen (Director) $0 $0 $0
James D Pearman (Treasurer) $0 $0 $0
Larry Griffith (Secretary) $0 $0 $0
Ron Rose (Director) $0 $0 $0
Mary Mitchell (Director) $0 $0 $0
Randy Selman (Director) $0 $0 $0
+ View more people

Document Links

990
Filed on July 15, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$54,071
Expenses
$46,446
Net Income
$7,625
Net Assets
$113,275
Notable Sources of Revenue Percent of Total Revenue
Contributions $53,936
99.8%
Program Services $0
Investment Income $135
0.2%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $114,882
Total Liabilities $1,607
Net Assets $113,275
Compensation
Key Employees and Officers Compensation Other
Carey Palmer (President) $0 $0
Cody Allen (Director) $0 $0
James D Pearman (Treasurer) $0 $0
Larry Griffith (Secretary) $0 $0
Ron Rose (Director) $0 $0
Mary Mitchell (Director) $0 $0
Randy Selman (Director) $0 $0
+ View more people

Document Links

990-EZ
Filed on July 1, 2019

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$52,581
Expenses
$65,414
Net Income
-$12,833
Net Assets
$105,650
Notable Sources of Revenue Percent of Total Revenue
Contributions $52,451
99.8%
Program Services $0
Investment Income $130
0.2%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $107,212
Total Liabilities $1,562
Net Assets $105,650
Compensation
Key Employees and Officers Compensation Other
Carey Palmer (President) $0 $0
Cody Allen (Director) $0 $0
James D Pearman (Treasurer) $0 $0
Larry Griffith (Secretary) $0 $0
Ron Rose (Director) $0 $0
Mary Mitchell (Director) $0 $0
Randy Selman (Director) $0 $0
+ View more people

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990-EZ
Filed on Sept. 27, 2018

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$53,397
Expenses
$43,819
Net Income
$9,578
Net Assets
$146,482
Notable Sources of Revenue Percent of Total Revenue
Contributions $50,993
95.5%
Program Services $0
Investment Income $85
0.2%
Net Fundraising $0
Sales of Assets $2,319
4.3%
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $147,980
Total Liabilities $1,498
Net Assets $146,482
Compensation
Key Employees and Officers Compensation Other
Carey Palmer (President) $0 $0
Cody Allen (Director) $0 $0
James D Pearman (Treasurer) $0 $0
Larry Griffith (Secretary) $0 $0
Ron Rose (Director) $0 $0
Mary Mitchell (Director) $0 $0
Randy Selman (Director) $0 $0
+ View more people

Document Links

990-EZ
Filed on June 12, 2017

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$63,505
Expenses
$41,349
Net Income
$22,156
Net Assets
$136,904
Notable Sources of Revenue Percent of Total Revenue
Contributions $63,454
99.9%
Program Services $0
Investment Income $51
0.1%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $160,702
Total Liabilities $23,798
Net Assets $136,904
Compensation
Key Employees and Officers Compensation Other
Carey Palmer (President) $0 $0
Cody Allen (Director) $0 $0
James D Pearman (Treasurer) $0 $0
Larry Griffith (Secretary) $0 $0
Ron Rose (Director) $0 $0
Mary Mitchell (Director) $0 $0
Randy Selman (Director) $0 $0
+ View more people

Document Links

990-EZ
Filed on July 25, 2016

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML
PDF (2 of 2)

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$60,823
Expenses
$43,680
Net Income
$17,143
Net Assets
$115,406
Notable Sources of Revenue Percent of Total Revenue
Contributions $60,823
100%
Program Services $0
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $142,143
Total Liabilities $26,737
Net Assets $115,406
Compensation
Key Employees and Officers Compensation Other
Carey Palmer (President) $0 $0
Cody Allen (Director) $0 $0
James D Pearman (Treasurer) $0 $0
Larry Griffith (Secretary) $0 $0
Ron Rose (Director) $0 $0
Mary Mitchell (Director) $0 $0
Randy Selman (Director) $0 $0
+ View more people

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990-EZ
Filed on Aug. 14, 2015

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$57,981
Expenses
$46,552
Net Income
$11,429
Net Assets
$97,928
Notable Sources of Revenue Percent of Total Revenue
Contributions $57,981
100%
Program Services $0
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $98,024
Total Liabilities $96
Net Assets $97,928
Compensation
Key Employees and Officers Compensation Other
Carey Palmer (President) $0 $0
Cody Allen (Director) $0 $0
James D Pearman (Treasurer) $0 $0
Larry Griffith (Secretary) $0 $0
Ron Rose (Director) $0 $0
Mary Mitchell (Director) $0 $0
Randy Selman (Director) $0 $0
+ View more people

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990-EZ
Filed on May 15, 2014

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$58,426
Expenses
$54,885
Net Income
$3,541
Net Assets
$85,803
Notable Sources of Revenue Percent of Total Revenue
Contributions $58,426
100%
Program Services $0
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $86,760
Total Liabilities $957
Net Assets $85,803

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$58,448
Expenses
$34,480
Net Income
$23,968
Net Assets
$81,191
Notable Sources of Revenue Percent of Total Revenue
Contributions $17,986
30.8%
Program Services $40,462
69.2%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $83,449
Total Liabilities $2,258
Net Assets $81,191

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains financial information from tax returns processed by the IRS since the 2012 calendar years, as well as data extracted from digital filings. IRS summary data also includes limited older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits for nonprofit organizations that spent $750,000 or more in federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Most organizations that have been recognized as tax exempt by the IRS have to file the Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file the Form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard," which does not contain financial details. Churches are not required to file Form 990.

Nonprofit Explorer has organizations that are claiming tax exemption in any of the 27 subsections of the 501(c) section of the tax code. Taxable trusts and private foundations that are required to file a form 990PF are also included.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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  • Raw filing data. Includes Employer Identification Numbers and summary financials as structured data.
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  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

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