Corpus Christi Regional Economic Development Corporation
Organization summary
Type of Nonprofit
Designated as a Business leagues, chambers of commerce, real estate boards, etc, created for the improvement of business conditions.
Donations to this organization are not tax deductible.
Summary charts: organization finances over time
Revenue $1.86M (2023)
Expenses $1.51M (2023)
Total Assets $1.03M (2023)
Total Liabilities $357k (2023)
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. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.
Fiscal Year Ending July
2023
Extracted Financial Data
Extracted Financial Data from Form 990
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $1,858,137 |
99.9%
|
| Program Services | $0 | |
| Investment Income | $971 |
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 | $225,877 |
15.0%
|
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $0 |
| Assets/Debt | ||
|---|---|---|
| Total Assets | $1,027,137 | |
| Total Liabilities | $357,404 |
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| Mike Culbertson (President/Ceo) | $225,877 | $0 | $0 |
| Paul Guilfoyle (Director) | $0 | $0 | $0 |
| Chris Hamilton (Past Chair) | $0 | $0 | $0 |
Document Links
990
Filed on June 5, 2024Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending July
2022
Extracted Financial Data
Extracted Financial Data from Form 990
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $1,987,593 |
100.0%
|
| Program Services | $0 | |
| Investment Income | $953 |
0.0%
|
| 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 | $1,229,611 |
60.4%
|
| Assets/Debt | ||
|---|---|---|
| Total Assets | $954,364 | |
| Total Liabilities | $637,829 |
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| Iain D Vasey (President/Ceo) | $297,119 | $0 | $0 |
| William Goldston (Chairman) | $0 | $0 | $0 |
| Judith Talavera (Vice Chair) | $0 | $0 | $0 |
Document Links
990
Filed on Feb. 1, 2023Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending July
2021
Extracted Financial Data
Extracted Financial Data from Form 990
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $1,808,693 |
99.9%
|
| Program Services | $0 | |
| Investment Income | $1,006 |
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 | $988,749 |
54.5%
|
| Assets/Debt | ||
|---|---|---|
| Total Assets | $926,709 | |
| Total Liabilities | $564,700 |
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| Iain D Vasey (President/Ceo) | $283,543 | $0 | $0 |
| Paul Guilfoyle (Director) | $0 | $0 | $0 |
| Chris Hamilton (Chairman) | $0 | $0 | $0 |
Document Links
990
Filed on June 6, 2022Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending July
2020
Extracted Financial Data
Extracted Financial Data from Form 990
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $1,910,892 |
100.0%
|
| Program Services | $0 | |
| Investment Income | $753 |
0.0%
|
| 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 | $0 |
| Assets/Debt | ||
|---|---|---|
| Total Assets | $980,912 | |
| Total Liabilities | $498,581 |
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| Iain D Vasey (President/Ceo) | $264,043 | $0 | $0 |
| Chris Hamilton (Chairman) | $0 | $0 | $0 |
| Al Jones (Treasurer) | $0 | $0 | $0 |
Document Links
990
Filed on May 28, 2021Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending July
2018
Extracted Financial Data
Extracted Financial Data from Form 990
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $1,747,293 |
100.0%
|
| Program Services | $0 | |
| Investment Income | $656 |
0.0%
|
| 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 | $260,756 |
15.0%
|
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $638,404 |
36.7%
|
| Assets/Debt | ||
|---|---|---|
| Total Assets | $675,961 | |
| Total Liabilities | $347,666 |
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| Iain D Vasey (President/Ceo) | $276,513 | $0 | $0 |
| Bob Blair (Chairman) | $0 | $0 | $0 |
| Kelly Quintanilla (Director) | $0 | $0 | $0 |
Document Links
990
Filed on Feb. 27, 2019Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending July
2017
Extracted Financial Data
Extracted Financial Data from Form 990
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $1,783,944 |
100.0%
|
| Program Services | $0 | |
| Investment Income | $800 |
0.0%
|
| 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 | $282,853 |
15.3%
|
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $662,879 |
35.9%
|
| Assets/Debt | ||
|---|---|---|
| Total Assets | $728,526 | |
| Total Liabilities | $99,049 |
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| Iain D Vasey (President/Ceo) | $282,853 | $0 | $0 |
| Bob Blair (Vice Chairman) | $0 | $0 | $0 |
| Gabriel Guerra (Immediate Past Chair) | $0 | $0 | $0 |
Document Links
990
Filed on Dec. 20, 2017Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending July
2016
Extracted Financial Data
Extracted Financial Data from Form 990
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $1,578,888 |
97.9%
|
| Program Services | $0 | |
| Investment Income | $807 |
0.1%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | $0 | |
| Net Inventory Sales | $0 | |
| Other Revenue | $33,333 |
2.1%
|
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $277,214 |
17.2%
|
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $549,960 |
34.1%
|
| Assets/Debt | ||
|---|---|---|
| Total Assets | $776,182 | |
| Total Liabilities | $84,141 |
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| Iain D Vasey (President/Ceo) | $277,214 | $0 | $0 |
| Adam Smith (Vice Chairman) | $0 | $0 | $0 |
| Al Jones (Immediate Past Chair) | $0 | $0 | $0 |
Document Links
990
Filed on Nov. 15, 2016Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending July
2015
Extracted Financial Data
Extracted Financial Data from Form 990
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $1,532,104 |
97.9%
|
| Program Services | $0 | |
| Investment Income | $1,043 |
0.1%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | -$1,742 | |
| Net Inventory Sales | $0 | |
| Other Revenue | $33,333 |
2.1%
|
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $147,421 |
10.2%
|
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $457,184 |
31.8%
|
| Assets/Debt | ||
|---|---|---|
| Total Assets | $771,050 | |
| Total Liabilities | $81,051 |
Document Links
990
Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending July
2014
Extracted Financial Data
Extracted Financial Data from Form 990
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $1,472,495 |
97.2%
|
| Program Services | $0 | |
| Investment Income | $1,221 |
0.1%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | $0 | |
| Net Inventory Sales | $0 | |
| Other Revenue | $41,667 |
2.7%
|
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $278,040 |
16.6%
|
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $432,833 |
25.9%
|
| Assets/Debt | ||
|---|---|---|
| Total Assets | $709,336 | |
| Total Liabilities | $144,550 |
Compensation
| Key Employees and Officers | Compensation | Related | Other |
|---|---|---|---|
| Roland Mower (President/Ceo) | $265,085 | $0 | $12,955 |
| Sam Beecroft (Director) | $0 | $0 | $0 |
| Jerry Dewbre (Director) | $0 | $0 | $0 |
Document Links
990
Filed on Oct. 10, 2014Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending July
2013
Extracted Financial Data
Extracted Financial Data from Form 990
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $1,490,707 |
97.2%
|
| Program Services | $0 | |
| Investment Income | $1,477 |
0.1%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | $0 | |
| Net Inventory Sales | $0 | |
| Other Revenue | $41,667 |
2.7%
|
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $595,025 |
47.5%
|
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $109,887 |
8.8%
|
| Assets/Debt | ||
|---|---|---|
| Total Assets | $961,832 | |
| Total Liabilities | $239,503 |
Document Links
990
Filed on Dec. 21, 2013Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending July
2012
Extracted Financial Data
Extracted Financial Data from Form 990
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $1,440,563 |
97.1%
|
| Program Services | $0 | |
| Investment Income | $1,157 |
0.1%
|
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | $0 | |
| Net Inventory Sales | $0 | |
| Other Revenue | $41,667 |
2.8%
|
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $566,914 |
43.2%
|
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $163,987 |
12.5%
|
| Assets/Debt | ||
|---|---|---|
| Total Assets | $742,923 | |
| Total Liabilities | $299,906 |
Document Links
990
Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending July
2011
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
Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending July
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
Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending July
2009
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
Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending July
2008
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
Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending July
2007
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
Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending July
2006
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
Primary tax return for a nonprofit’s activities, finances, and governance
Fiscal Year Ending July
2005
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
Primary tax return for a nonprofit’s activities, finances, and governance
About 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 information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include 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 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.