Civic Intelligence

Ada Industrial Development Corp

EIN 73-1060614 • 501(c)6 • Ada, OK

Profile

To acquire, hold and develop land and other assets to be used to attract interested businesses to this area to further ecomomic development.

PO Box 1728Ada, OK 74821-1728

adaworks.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

12th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)6 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

13th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)6 • $1M-$5M nonprofits • Source year 2025

Net Margin

99th percentile

89%

Higher net margin than 99% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

30th percentile

$0

Higher top officer pay than 30% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)6 • $1M-$5M nonprofits • Source year 2025

Asset Growth

36th percentile

0.9%

Faster asset growth than 36% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

100th percentile

1756%

Faster revenue growth than 100% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets12th percentile

Assets

Up

$2,382,777

Up $21,442 (+0.9%) from 2024

Liabilities

Down

$0

Down $1,819 (-100%) from 2024

Net Assets

Up

$2,382,777

Up $23,261 (+1.0%) from 2024

Operations
Liabilities / Revenue13th percentileNet Margin99th percentile

Revenue

Up

$26,226

Up $24,813 (+1756%) from 2024

Expenses

Down

$2,965

Down $55 (-1.8%) from 2024

Net Income

Up

$23,261

Up $24,868 (+1547%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth36th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0Assets 2011: $2,150,299Liabilities 2011: $46,223Net Assets 2011: $2,104,0762011Assets 2012: $2,384,520Liabilities 2012: $42,549Net Assets 2012: $2,341,9712012Assets 2013: $2,174,851Liabilities 2013: $38,876Net Assets 2013: $2,135,9752013Assets 2014: $2,197,969Liabilities 2014: $35,203Net Assets 2014: $2,162,7662014Assets 2015: $2,227,454Liabilities 2015: $31,529Net Assets 2015: $2,195,9252015Assets 2016: $2,228,049Liabilities 2016: $27,856Net Assets 2016: $2,200,1932016Assets 2017: $2,316,498Liabilities 2017: $24,183Net Assets 2017: $2,292,3152017Assets 2018: $2,331,323Liabilities 2018: $24,183Net Assets 2018: $2,307,1402018Assets 2019: $2,336,322Liabilities 2019: $24,183Net Assets 2019: $2,312,1392019Assets 2020: $2,390,154Liabilities 2020: $0Net Assets 2020: $2,390,1542020Assets 2021: $2,380,325Liabilities 2021: $0Net Assets 2021: $2,380,3252021Assets 2022: $2,373,146Liabilities 2022: $0Net Assets 2022: $2,373,1462022Assets 2023: $2,361,123Liabilities 2023: $0Net Assets 2023: $2,361,1232023Assets 2024: $2,361,335Liabilities 2024: $1,819Net Assets 2024: $2,359,5162024Assets 2025: $2,382,777Liabilities 2025: $0Net Assets 2025: $2,382,7772025

Highlighted filing

2025

Assets$2,382,777
Liabilities$0
Net Assets$2,382,777
Open 2025 Filing

Operations Trend

Revenue Growth100th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KRevenue 2011: $13,143Expenses 2011: $10,512Net Income 2011: $2,6312011Revenue 2012: $401,841Expenses 2012: $163,946Net Income 2012: $237,8952012Expenses 2013: $107,3002013Revenue 2014: $33,204Expenses 2014: $6,413Net Income 2014: $26,7912014Revenue 2015: $52,889Expenses 2015: $19,730Net Income 2015: $33,1592015Revenue 2016: $14,023Expenses 2016: $9,755Net Income 2016: $4,2682016Revenue 2017: $116,979Expenses 2017: $24,857Net Income 2017: $92,1222017Revenue 2018: $14,992Expenses 2018: $167Net Income 2018: $14,8252018Revenue 2019: $7,661Expenses 2019: $2,662Net Income 2019: $4,9992019Revenue 2020: $72,111Expenses 2020: $18,619Net Income 2020: $53,4922020Revenue 2021: -$2,211Expenses 2021: $7,618Net Income 2021: -$9,8292021Revenue 2022: $2,631Expenses 2022: $9,811Net Income 2022: -$7,1802022Revenue 2023: -$197Expenses 2023: $11,826Net Income 2023: -$12,0232023Revenue 2024: $1,413Expenses 2024: $3,020Net Income 2024: -$1,6072024Revenue 2025: $26,226Expenses 2025: $2,965Net Income 2025: $23,2612025

Highlighted filing

2025

Revenue$26,226
Expenses$2,965
Net Income$23,261
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$2,382,777
Liabilities
$0
Net assets
$2,382,777
Revenue
$26,226
Expenses
$2,965
Net income
$23,261
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.38$0.00$2.38$0.03$0.00$0.02
2024Summary only. Only limited summary data is available for this year.$2.36$0.00$2.36$0.00$0.00$0.00
2023Summary only. Only limited summary data is available for this year.$2.36$0.00$2.36$0.00$0.01$0.01
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.37$0.00$2.37$0.00$0.01$0.01
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.38$0.00$2.38$0.00$0.01$0.01
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.39$0.00$2.39$0.07$0.02$0.05
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.34$0.02$2.31$0.01$0.00$0.00
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.33$0.02$2.31$0.01$0.00$0.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.32$0.02$2.29$0.12$0.02$0.09
2016Detailed filing. Detailed filing data is available for this year.$2.23$0.03$2.20$0.01$0.01$0.00
2015Detailed filing. Detailed filing data is available for this year.$2.23$0.03$2.20$0.05$0.02$0.03
2014Detailed filing. Detailed filing data is available for this year.$2.20$0.04$2.16$0.03$0.01$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.17$0.04$2.14$0.11
2012Summary only. Only limited summary data is available for this year.$2.38$0.04$2.34$0.40$0.16$0.24
2011Summary only. Only limited summary data is available for this year.$2.15$0.05$2.10$0.01$0.01$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Apr 1, 2024 to Mar 31, 2025
Signed
Feb 16, 2026
Return Version
2024v5.0
Gross Receipts
$40,974
Mission and Program Overview

Mission

To acquire, hold and develop land and other assets to be used to attract interested businesses to this area to further ecomomic development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$2,217,616$2,240,877▲ $23,261
Savings and Temporary Cash Investments$1,351,898$1,375,138▲ $23,240
Land, Buildings, and Equipment, Net$155,426$152,906▼ $2,520
Cap Stk Tr Prin Current Funds$141,900$141,900→ $0
Intangible Assets$55,100$55,100→ $0
Cash and Non-Interest-Bearing Accounts$9,722$10,444▲ $722
Total Assets$2,361,335$2,382,777▲ $21,442
Other Assets Total$789,189$789,189→ $0
Liabilities
Accounts Payable and Accrued Expenses$1,819--
Total Liabilities$1,819$0▼ $1,819
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,359,516$2,382,777▲ $23,261
Total Liabilities and Net Assets / Fund Balance$2,361,335$2,382,777▲ $21,442

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$142,906$45,383$188,289
Land$10,000-$10,000
Other Assets Org$789,189--
Compensation and Service Providers
Top Officer Pay30th percentile

Board Members and Trustees

NameTitle
James R HambyPresident
Bart MccortneyDirector
Jimmy EplerDirector
Lucas ClarkDirector
Tom CriswellDirector
Wendell GodwinDirector
John LowryAssistant Tr
Carol ErvinSecretary
Steve BagwellTreasurer
Bill Horne JrVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$18,510
Other Revenue
$7,716
Change in Net Assets
$23,261
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,965
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting-$2,965-$2,965
Total Functional Expenses$0$2,965$0$2,965
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“Form 990 is reviewed by the officer signing and is subsequently submitted to the board at the next board meeting.”

Form 990, Page 6, Part VI, Line 19

“Governing documents may be reviewed by the public at the entities office during normal business hours.”

Filing and Contact Details

Filer

Filer Name
Ada Industrial Development Corp
EIN
73-1060614
Address
PO BOX 1728, ADA, OK 74821-1728

Signing Officer

Name
James R Hamby
Title
President
Phone
9188762217
Signed
2026-02-16

Organization Details

Principal Officer
James R Hamby
Formed
1951
Legal Domicile
Ok
Voting Board Members
10
Independent Board Members
10
Employees
0

Preparer

Firm
MORRISON & COMPANY CPA'S PC
Address
PO BOX 2727, ADA, OK 74821
Preparer
Kris Morrison CPA
Phone
5804361077
Supplemental Narrative

Additional Explanations

Form 990, Part III

“Expenses are incurred in the accomplishment of the organization's exempt purpose.”

Form 990, Page 2, Part III, Line 4D

“Contribution to city of ada to be used for community development.”

Raw XML Appendix291 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/BooksInCareOfDetail/PersonNm0ORGANIZATION
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IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0OK
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IRS990/EmployeeCnt00
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/PersonNm0JAMES R HAMBY
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IRS990/Form990PartVIISectionAGrp/PersonNm2STEVE BAGWELL
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3ASSISTANT TR
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0OK
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02361335
IRS990/TotalAssetsEOYAmt02382777
IRS990/TotalAssetsGrp/BOYAmt02361335
IRS990/TotalAssetsGrp/EOYAmt02382777
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02965
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt02965
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01819
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt01819
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02359516
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02382777
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt026226
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt026226
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02361335
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02382777
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0ADAWORKS.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JAMES R HAMBY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09188762217
ReturnHeader/BusinessOfficerGrp/SignatureDt02026-02-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ADA INDUSTRIAL DEVELOPMENT CORP
ReturnHeader/Filer/BusinessNameControlTxt0ADAI
ReturnHeader/Filer/EIN0731060614
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 1728
ReturnHeader/Filer/USAddress/CityNm0ADA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OK
ReturnHeader/Filer/USAddress/ZIPCd0748211728
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0731236916
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MORRISON & COMPANY CPA'S PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 2727
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ADA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd074821
ReturnHeader/PreparerPersonGrp/PhoneNum05804361077
ReturnHeader/PreparerPersonGrp/PreparationDt02026-02-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KRIS MORRISON CPA
ReturnHeader/ReturnTs02026-02-16T12:45:55-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-04-01
ReturnHeader/TaxPeriodEndDt02025-03-31
ReturnHeader/TaxYr02024

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