Civic Intelligence

Industrial Corporation of Luling Texas

EIN 74-1682479 • 501(c)6 • Luling, TX

Profile

Rental of facilities to businesses locating in luling, texas to provide industry and related employment opportunities to residents of the community and surrounding area.

515 E DavisLuling, TX 78648

n/A

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 2024

Liabilities / Revenue

13th percentile

0.00x

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

501(c)6 • $1M-$5M nonprofits • Source year 2024

Net Margin

98th percentile

63%

Higher net margin than 98% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

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 2024

Asset Growth

36th percentile

1.0%

Faster asset growth than 36% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

1st percentile

-96%

Faster revenue growth than 1% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets12th percentile

Assets

Up

$1,784,475

Up $17,066 (+1.0%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$1,784,475

Up $17,066 (+1.0%) from 2023

Operations
Liabilities / Revenue13th percentileNet Margin98th percentile

Revenue

Down

$27,301

Down $589,480 (-96%) from 2023

Expenses

Up

$10,235

Up $1,088 (+12%) from 2023

Net Income

Down

$17,066

Down $590,568 (-97%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth36th percentile

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

$2.0M$1.5M$1.0M$500K$0Assets 2011: $822,784Liabilities 2011: $6,385Net Assets 2011: $816,3992011Assets 2012: $881,433Liabilities 2012: $6,385Net Assets 2012: $875,0482012Assets 2013: $933,427Liabilities 2013: $6,385Net Assets 2013: $927,0422013Assets 2014: $973,048Liabilities 2014: $6,385Net Assets 2014: $966,6632014Assets 2015: $996,749Liabilities 2015: $6,385Net Assets 2015: $990,3642015Assets 2016: $1,005,762Liabilities 2016: $6,885Net Assets 2016: $998,8772016Assets 2017: $1,048,097Liabilities 2017: $6,885Net Assets 2017: $1,041,2122017Assets 2018: $1,077,140Liabilities 2018: $6,885Net Assets 2018: $1,070,2552018Assets 2019: $1,123,997Liabilities 2019: $6,885Net Assets 2019: $1,117,1122019Assets 2020: $1,145,751Liabilities 2020: $6,885Net Assets 2020: $1,138,8662020Assets 2021: $1,154,191Liabilities 2021: $6,885Net Assets 2021: $1,147,3062021Assets 2022: $1,166,660Liabilities 2022: $6,885Net Assets 2022: $1,159,7752022Assets 2023: $1,767,409Liabilities 2023: $0Net Assets 2023: $1,767,4092023Assets 2024: $1,784,475Liabilities 2024: $0Net Assets 2024: $1,784,4752024

Highlighted filing

2024

Assets$1,784,475
Liabilities$0
Net Assets$1,784,475
Open 2024 Filing

Operations Trend

Revenue Growth1st percentile

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

$800K$600K$400K$200K$0Revenue 2011: $53,038Expenses 2011: $2,950Net Income 2011: $50,0882011Revenue 2012: $62,599Expenses 2012: $3,950Net Income 2012: $58,6492012Revenue 2013: $56,949Expenses 2013: $4,955Net Income 2013: $51,9942013Revenue 2014: $50,736Expenses 2014: $11,115Net Income 2014: $39,6212014Revenue 2015: $37,026Expenses 2015: $13,325Net Income 2015: $23,7012015Revenue 2016: $19,763Expenses 2016: $11,250Net Income 2016: $8,5132016Revenue 2017: $52,441Expenses 2017: $10,106Net Income 2017: $42,3352017Revenue 2018: $40,768Expenses 2018: $11,725Net Income 2018: $29,0432018Revenue 2019: $56,508Expenses 2019: $9,651Net Income 2019: $46,8572019Revenue 2020: $25,392Expenses 2020: $3,638Net Income 2020: $21,7542020Revenue 2021: $21,396Expenses 2021: $12,956Net Income 2021: $8,4402021Revenue 2022: $27,344Expenses 2022: $14,875Net Income 2022: $12,4692022Revenue 2023: $616,781Expenses 2023: $9,147Net Income 2023: $607,6342023Revenue 2024: $27,301Expenses 2024: $10,235Net Income 2024: $17,0662024

Highlighted filing

2024

Revenue$27,301
Expenses$10,235
Net Income$17,066
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,784,475
Liabilities
$0
Net assets
$1,784,475
Revenue
$27,301
Expenses
$10,235
Net income
$17,066
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.78$0.00$1.78$0.03$0.01$0.02
2023Detailed filing. Detailed filing data is available for this year.$1.77$0.00$1.77$0.62$0.01$0.61
2022Detailed filing. Detailed filing data is available for this year.$1.17$0.01$1.16$0.03$0.01$0.01
2021Detailed filing. Detailed filing data is available for this year.$1.15$0.01$1.15$0.02$0.01$0.01
2020Detailed filing. Detailed filing data is available for this year.$1.15$0.01$1.14$0.03$0.00$0.02
2019Summary only. Only limited summary data is available for this year.$1.12$0.01$1.12$0.06$0.01$0.05
2018Summary only. Only limited summary data is available for this year.$1.08$0.01$1.07$0.04$0.01$0.03
2017Summary only. Only limited summary data is available for this year.$1.05$0.01$1.04$0.05$0.01$0.04
2016Summary only. Only limited summary data is available for this year.$1.01$0.01$1.00$0.02$0.01$0.01
2015Summary only. Only limited summary data is available for this year.$1.00$0.01$0.99$0.04$0.01$0.02
2014Summary only. Only limited summary data is available for this year.$0.97$0.01$0.97$0.05$0.01$0.04
2013Summary only. Only limited summary data is available for this year.$0.93$0.01$0.93$0.06$0.00$0.05
2012Summary only. Only limited summary data is available for this year.$0.88$0.01$0.88$0.06$0.00$0.06
2011Summary only. Only limited summary data is available for this year.$0.82$0.01$0.82$0.05$0.00$0.05
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 7, 2025
Return Version
2024v5.1
Gross Receipts
$27,760
Mission and Program Overview

Mission

Rental of facilities to businesses locating in luling, texas to provide industry and related employment opportunities to residents of the community and surrounding area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$880,131$1,394,468▲ $514,337
Savings and Temporary Cash Investments$501,992$254,611▼ $247,381
Other Notes and Loans Receivable, Net$380,486$130,596▼ $249,890
Land, Buildings, and Equipment, Net$4,800$4,800→ $0
Accounts Receivable-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$1,767,409$1,784,475▲ $17,066
Other Assets Total-$0-
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,767,409$1,784,475▲ $17,066
Total Net Assets Fund Balance$1,767,409$1,784,475▲ $17,066
Total Liabilities and Net Assets / Fund Balance$1,767,409$1,784,475▲ $17,066

Asset Categories

AssetBook ValueDepreciationBasis
Land$4,800-$4,800
Compensation and Service Providers
Top Officer Pay30th percentile

Board Members and Trustees

NameTitle
Lem Allen JrPresident
John CarterDirector
John MooreDirector
Jay CrowellSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$27,760
Other Revenue
$-459
Change in Net Assets
$17,066
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$5,550
Other Expenses$4,685
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$4,750--$4,750
Fees for Services Legal-$3,510-$3,510
Fees for Services Accounting-$1,175-$1,175
Grants to Domestic Orgs$800--$800
Total Functional Expenses$5,550$4,685$0$10,235
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
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, Part VI, Section A, Line 8B

“Meetings are held at least annually to discuss the affairs of the organization, but formal minutes are not documented.”

Form 990, Part VI, Section B, Line 11B

“The organization does not provide a copy of the form 990 to all officers and directors, however they are informed that a copy is available for review prior to submission to the irs.”

Form 990, Part VI, Section C, Line 19

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Industrial Corporation of Luling Texas
EIN
74-1682479
Phone
8308752818
Address
515 E DAVIS, LULING, TX 78648

Signing Officer

Name
Lem Allen Jr
Title
President
Signed
2025-05-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lem Allen Jr
Formed
1982
Legal Domicile
TX
Voting Board Members
4
Independent Board Members
4
Employees
0

Preparer

Firm
James E Rougeou CPA
Address
210 East Crockett, Luling, TX 78648
Preparer
James E Rougeou
Phone
8308753592
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Lines 10 and 11

“The industrial corporation of luling, texas leases facilities to businesses locating within the community to provide employment opportunities for local residents. Investment earnings and net rental income are used exclusively to maintain the grounds and buildings available for rent to businesses.”

Form 990, Page 10, Line 2

“The organization provided three educational scholarships to the local school district to be awarded to graduating students. The local school district determines the recipients.”

Form 990, Page 6, Line 19

“The organization does not maintain a conflict of interest or whistleblower policy nor does it prepare financial statements other than the form 990. Its governing documents are available for review at the organization's office upon request.”

Form 990, Page 6, Section A, Line 6

“The organization does not have members or stockholders, but is managed by officers and directors recruited from business leaders within the community. Meetings are held at least annually to discuss the affairs of the organization, but formal minutes are not documented.”

Raw XML Appendix308 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.

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IRS990/BooksInCareOfDetail/USAddress/CityNm0LULING
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IRS990/ForeignOfficeInd0false
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
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IRS990/Form990PartVIISectionAGrp/TitleTxt1Director
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
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IRS990/Form990ProvidedToGvrnBodyInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MEETINGS ARE HELD AT LEAST ANNUALLY TO DISCUSS THE AFFAIRS OF THE ORGANIZATION, BUT FORMAL MINUTES ARE NOT DOCUMENTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DOES NOT PROVIDE A COPY OF THE FORM 990 TO ALL OFFICERS AND DIRECTORS, HOWEVER THEY ARE INFORMED THAT A COPY IS AVAILABLE FOR REVIEW PRIOR TO SUBMISSION TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE INDUSTRIAL CORPORATION OF LULING, TEXAS LEASES FACILITIES TO BUSINESSES LOCATING WITHIN THE COMMUNITY TO PROVIDE EMPLOYMENT OPPORTUNITIES FOR LOCAL RESIDENTS. INVESTMENT EARNINGS AND NET RENTAL INCOME ARE USED EXCLUSIVELY TO MAINTAIN THE GROUNDS AND BUILDINGS AVAILABLE FOR RENT TO BUSINESSES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION PROVIDED THREE EDUCATIONAL SCHOLARSHIPS TO THE LOCAL SCHOOL DISTRICT TO BE AWARDED TO GRADUATING STUDENTS. THE LOCAL SCHOOL DISTRICT DETERMINES THE RECIPIENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION DOES NOT MAINTAIN A CONFLICT OF INTEREST OR WHISTLEBLOWER POLICY NOR DOES IT PREPARE FINANCIAL STATEMENTS OTHER THAN THE FORM 990. ITS GOVERNING DOCUMENTS ARE AVAILABLE FOR REVIEW AT THE ORGANIZATION'S OFFICE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION DOES NOT HAVE MEMBERS OR STOCKHOLDERS, BUT IS MANAGED BY OFFICERS AND DIRECTORS RECRUITED FROM BUSINESS LEADERS WITHIN THE COMMUNITY. MEETINGS ARE HELD AT LEAST ANNUALLY TO DISCUSS THE AFFAIRS OF THE ORGANIZATION, BUT FORMAL MINUTES ARE NOT DOCUMENTED.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 1, LINES 10 AND 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 10, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, SECTION A, LINE 6
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01767409
IRS990/TotalAssetsEOYAmt01784475
IRS990/TotalAssetsGrp/BOYAmt01767409
IRS990/TotalAssetsGrp/EOYAmt01784475
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt04685
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt05550
IRS990/TotalFunctionalExpensesGrp/TotalAmt010235
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01767409
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01784475
IRS990/TotalProgramServiceExpensesAmt05550
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt027301
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt027301
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01767409
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01784475
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0515 E DAVIS
IRS990/USAddress/CityNm0LULING
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd078648
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LEM ALLEN JR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0INDUSTRIAL CORPORATION OF LULING TEXAS
ReturnHeader/Filer/BusinessNameControlTxt0INDU
ReturnHeader/Filer/EIN0741682479
ReturnHeader/Filer/PhoneNum08308752818
ReturnHeader/Filer/USAddress/AddressLine1Txt0515 E DAVIS
ReturnHeader/Filer/USAddress/CityNm0LULING
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd078648
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0742327595
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0James E Rougeou CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0210 East Crockett
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Luling
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd078648
ReturnHeader/PreparerPersonGrp/PhoneNum08308753592
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0James E Rougeou
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-05-07T17:04:06-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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