Civic Intelligence

Odessa Industrial Development Corporation

990 • Fiscal year 2017 • EIN 75-1320228

Jul 01, 2016 to Jun 30, 2017 • Filed on Aug 05, 2017

Organization ProfileN/A
PO Box 3626Odessa, TX 79760-3626

(432) 333-7886

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

6th percentile

0.00x

Higher debt load relative to assets than 6% of similar nonprofits.

2017 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

9th percentile

0.04x

Higher debt load relative to revenue than 9% of similar nonprofits.

2017 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2017

Net Margin

90th percentile

33%

Higher net margin than 90% of similar nonprofits.

2017 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

8th percentile

$0

Higher top officer pay than 8% of similar nonprofits.

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

2017 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2017

Asset Growth

48th percentile

7.1%

Faster asset growth than 48% of similar nonprofits.

2017 filings • 501(c)6 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

6th percentile

-17%

Faster revenue growth than 6% of similar nonprofits.

2017 filings • 501(c)6 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets6th percentile

Assets

Up

$13,184,321

Up $870,081 (+7.1%) from 2016

Net Assets

Up

$13,163,259

Up $868,673 (+7.1%) from 2016

Liabilities

Up

$21,062

Up $1,408 (+7.2%) from 2016

Revenue And Expenses
Liabilities / Revenue9th percentileNet Margin90th percentile

Revenue

Down

$578,377

Down $116,909 (-17%) from 2016

Expenses

Up

$389,516

Up $92,269 (+31%) from 2016

Net Income

Down

$188,861

Down $209,178 (-53%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth48th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0Assets 2011: $6,425,168Liabilities 2011: $136,096Net Assets 2011: $6,289,0722011Assets 2013: $10,169,709Liabilities 2013: $67,140Net Assets 2013: $10,102,5692013Assets 2014: $13,999,182Liabilities 2014: $43,831Net Assets 2014: $13,955,3512014Assets 2016: $12,314,240Liabilities 2016: $19,654Net Assets 2016: $12,294,5862016Assets 2017: $13,184,321Liabilities 2017: $21,062Net Assets 2017: $13,163,2592017Assets 2018: $15,213,282Liabilities 2018: $891,320Net Assets 2018: $14,321,9622018Assets 2019: $16,859,482Liabilities 2019: $72,950Net Assets 2019: $16,786,5322019Assets 2021: $19,133,231Liabilities 2021: $151,195Net Assets 2021: $18,982,0362021Assets 2022: $16,813,244Liabilities 2022: $52,089Net Assets 2022: $16,761,1552022Assets 2023: $18,055,476Liabilities 2023: $43,173Net Assets 2023: $18,012,3032023Assets 2025: $19,439,501Liabilities 2025: $24,338Net Assets 2025: $19,415,1632025

Highlighted filing

2017

Assets$13,184,321
Liabilities$21,062
Net Assets$13,163,259
Open 2017 Filing

Operations Trend

Revenue Growth6th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0M-$4.0MExpenses 2011: $224,3482011Expenses 2013: $927,8952013Revenue 2014: $4,005,158Expenses 2014: $746,808Net Income 2014: $3,258,3502014Revenue 2016: $695,286Expenses 2016: $297,247Net Income 2016: $398,0392016Revenue 2017: $578,377Expenses 2017: $389,516Net Income 2017: $188,8612017Revenue 2018: $2,576,307Expenses 2018: $1,446,593Net Income 2018: $1,129,7142018Revenue 2019: $3,378,284Expenses 2019: $742,436Net Income 2019: $2,635,8482019Revenue 2021: $2,333,766Expenses 2021: $1,094,169Net Income 2021: $1,239,5972021Revenue 2022: -$240,165Expenses 2022: $1,980,717Net Income 2022: -$2,220,8822022Revenue 2023: $1,677,957Expenses 2023: $426,809Net Income 2023: $1,251,1482023Revenue 2025: $2,514,705Expenses 2025: $1,398,358Net Income 2025: $1,116,3472025

Highlighted filing

2017

Revenue$578,377
Expenses$389,516
Net Income$188,861
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Aug 5, 2017
Return Version
2016v3.0
Gross Receipts
$578,377
Mission and Program Overview

Mission

The activities of the organization are the development and sale of real estate along with promoting and encouraging the development of industry within the permian basin.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$10,085,925$11,157,027▲ $1,071,102
Savings and Temporary Cash Investments$220,077$76,216▼ $143,861
Land, Buildings, and Equipment, Net$82,648$72,200▼ $10,448
Cash and Non-Interest-Bearing Accounts$71,616$24,904▼ $46,712
Accounts Receivable$2,260$2,260→ $0
Total Assets$12,314,240$13,184,321▲ $870,081
Other Assets Total$1,851,714$1,851,714→ $0
Liabilities
Accounts Payable and Accrued Expenses$19,654$21,062▲ $1,408
Total Liabilities$19,654$21,062▲ $1,408
Net Assets / Fund Balance
Unrestricted Net Assets$12,294,586$13,163,259▲ $868,673
Total Net Assets Fund Balance$12,294,586$13,163,259▲ $868,673
Total Liabilities and Net Assets / Fund Balance$12,314,240$13,184,321▲ $870,081

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$72,200$141,233$213,433
Other Assets Org$1,851,714--
Compensation and Service Providers
Top Officer Pay8th percentile

Board Members and Trustees

NameTitle
Craig Van AmburghPresident
Judy HayesV. President
Tracy JonesAssst. Secretary
David BoutinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,000
Program Service Revenue
$0
Investment Income
$521,763
Other Revenue
$55,614
Change in Net Assets
$188,861

Audited Revenue Reconciliation

Revenue per Audited Statements
$578,377
Revenue Not Reported on Form 990
$679,812
Total Revenue per Audited Statements
$1,258,189
Total Revenue per Form 990
$578,377
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$314,516
Grants and Similar Amounts Paid$75,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Legal$102,573--$102,573
Other Expenses$79,193--$79,193
Grants to Domestic Orgs$75,000--$75,000
Office Expenses$11,237--$11,237
Depreciation Depletion$10,449--$10,449
Fees for Services Accounting$5,175--$5,175
Insurance$814--$814
Occupancy$317--$317
Total Functional Expenses$389,516$0$0$389,516

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$389,516
Total Expenses per Audited Statements$389,516
Total Expenses per Form 990$389,516
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Odessa CollegeOdessa, TX-Schlorships$25,000
Texas Tech FoundationLubbock, TX-Schlorships$25,000
University of Texas Permian BasinOdessa, TX-Schlorships$25,000
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
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
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
Filing and Contact Details

Filer

Filer Name
Odessa Industrial Development Corporation
EIN
75-1320228
Phone
4323337886
Address
PO BOX 3626, ODESSA, TX 79760-3626

Signing Officer

Name
Craig Van Amburgh
Title
President
Phone
4323337886
Signed
2017-08-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Craig Van Amburgh
Formed
1966
Legal Domicile
TX
Voting Board Members
25
Independent Board Members
25
Employees
0
Volunteers
63

Preparer

Firm
Ron Kirby CPA
Address
2626 JBS PKWY STE B 200, ODESSA, TX 79761-1957
Preparer
Ron Kirby CPA
Phone
4325502708
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“The form990 is made available at the board meeting, where”

Pt VI, Line 11B

“Board members can ask questions or make comments about”

Pt VI, Line 11B

“THE 990.”

Form 990EZ, Part II, Line 24

“Accounts Receivable - Net”

Form 990EZ, Part II, Line 24

“Inventories”

Form 990EZ, Part II, Line 24

“Investments”

Form 990EZ, Part II, Line 24

“DEPOSIT-ESCROW”

Form 990EZ, Part II, Line 24

“DEPOSITS - UTILITY”

Form 990EZ, Part II, Line 26

“Accounts Payable & Accrued Expenses”

Raw XML Appendix345 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS CAN ASK QUESTIONS OR MAKE COMMENTS ABOUT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Accounts Receivable - Net
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Inventories
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Investments
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DEPOSIT-ESCROW
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7DEPOSITS - UTILITY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Accounts Payable & Accrued Expenses
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Form 990EZ, Part II, Line 26
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Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$13,184,321
Liabilities
$21,062
Net assets
$13,163,259
Revenue
$578,377
Expenses
$389,516
Net income
$188,861
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.4$0.02$19.4$2.51$1.40$1.12
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.1$0.04$18.0$1.68$0.43$1.25
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.8$0.05$16.8$0.24$1.98$2.22
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$19.1$0.15$19.0$2.33$1.09$1.24
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.9$0.07$16.8$3.38$0.74$2.64
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.2$0.89$14.3$2.58$1.45$1.13
2017Detailed filing. Detailed filing data is available for this year.$13.2$0.02$13.2$0.58$0.39$0.19
2016Detailed filing. Detailed filing data is available for this year.$12.3$0.02$12.3$0.70$0.30$0.40
2014Detailed filing. Detailed filing data is available for this year.$14.0$0.04$14.0$4.01$0.75$3.26
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.2$0.07$10.1$0.93
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.43$0.14$6.29$0.22