Civic Intelligence

Odessa Industrial Development Corporation

990 • Fiscal year 2018 • EIN 75-1320228

Jul 01, 2017 to Jun 30, 2018 • Filed on Oct 15, 2018

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

16th percentile

0.06x

Higher debt load relative to assets than 16% of similar nonprofits.

2018 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

53rd percentile

0.35x

Higher debt load relative to revenue than 53% of similar nonprofits.

2018 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2018

Net Margin

94th percentile

44%

Higher net margin than 94% of similar nonprofits.

2018 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2018

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.

2018 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2018

Asset Growth

85th percentile

15%

Faster asset growth than 85% of similar nonprofits.

2018 filings • 501(c)6 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

98th percentile

345%

Faster revenue growth than 98% of similar nonprofits.

2018 filings • 501(c)6 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets16th percentile

Assets

Up

$15,213,282

Up $2,899,042 (+24%) from 2016

Net Assets

Up

$14,321,962

Up $2,027,376 (+16%) from 2016

Liabilities

Up

$891,320

Up $871,666 (+4435%) from 2016

Revenue And Expenses
Liabilities / Revenue53rd percentileNet Margin94th percentile

Revenue

Up

$2,576,307

Up $1,881,021 (+271%) from 2016

Expenses

Up

$1,446,593

Up $1,149,346 (+387%) from 2016

Net Income

Up

$1,129,714

Up $731,675 (+184%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth85th 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 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

2018

Assets$15,213,282
Liabilities$891,320
Net Assets$14,321,962
Open 2018 Filing

Operations Trend

Revenue Growth98th 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 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

2018

Revenue$2,576,307
Expenses$1,446,593
Net Income$1,129,714
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Oct 15, 2018
Return Version
2017v2.2
Gross Receipts
$2,576,307
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$11,157,027$11,019,404▼ $137,623
Land, Buildings, and Equipment, Net$72,200$1,912,326▲ $1,840,126
Savings and Temporary Cash Investments$76,216$440,096▲ $363,880
Cash and Non-Interest-Bearing Accounts$24,904$52,542▲ $27,638
Accounts Receivable$2,260$2,260→ $0
Total Assets$13,184,321$15,213,282▲ $2,028,961
Other Assets Total$1,851,714$1,786,654▼ $65,060
Liabilities
Accounts Payable and Accrued Expenses$21,062$891,320▲ $870,258
Total Liabilities$21,062$891,320▲ $870,258
Net Assets / Fund Balance
Unrestricted Net Assets$13,163,259$14,321,962▲ $1,158,703
Total Net Assets Fund Balance$13,163,259$14,321,962▲ $1,158,703
Total Liabilities and Net Assets / Fund Balance$13,184,321$15,213,282▲ $2,028,961

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$15,000-
Equipment$1,856,485--
Leasehold Improvements$55,841$151,219-
Other Assets Org$1,786,654--
Compensation and Service Providers
Top Officer Pay8th percentile

Board Members and Trustees

NameTitle
Judy HayesPast President
David BoutinPresident
Jim BreauxV. President
Tracy JonesAsst. Secretary
Wesley BurnettSecretary
Dr James GoatesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$538,857
Other Revenue
$2,037,450
Change in Net Assets
$1,129,714

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,576,307
Revenue Not Reported on Form 990
$-28,988
Total Revenue per Audited Statements
$2,547,319
Total Revenue per Form 990
$2,576,307
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,075,000
Other Expenses$371,593
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,075,000--$1,075,000
Fees for Services Legal$108,640$0$0$108,640
Other Expenses$76,855$0$0$76,855
Occupancy$76,324--$76,324
All Other Expenses$65,060$0$0$65,060
Office Expenses$13,115--$13,115
Fees for Services Management$10,921$0$0$10,921
Depreciation Depletion$9,986--$9,986
Insurance$7,354--$7,354
Fees for Services Accounting$3,338$0$0$3,338
Total Functional Expenses$1,446,593$0$0$1,446,593

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,446,593
Total Expenses per Audited Statements$1,446,593
Total Expenses per Form 990$1,446,593
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
Doing Business As
Grow Odessa

Signing Officer

Name
Craig Van Amburgh
Title
President
Phone
4323337886
Signed
2018-10-15
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”

Financial Statement Notes

Pt XII, Line 2D

“used other losses to adjust for rounding differences causing a difference between the expenses.”

Raw XML Appendix400 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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IRS990ScheduleI/RecipientTable/CashGrantAmt125000
IRS990ScheduleI/RecipientTable/CashGrantAmt225000
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IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1ODESSA COLLEGE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2TEXAS TECH FOUNDATION
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IRS990ScheduleI/RecipientTable/USAddress/ZIPCd179764
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd279430
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IRS990ScheduleI/TotalOtherOrgCnt02
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FORM990 IS MADE AVAILABLE AT THE BOARD MEETING, WHERE
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990EZ, Part II, Line 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990EZ, Part II, Line 24
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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IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsGrp/EOYAmt015213282
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IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
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IRS990/TotalFunctionalExpensesGrp/TotalAmt01446593
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IRS990/TotalJointCostsGrp/FundraisingAmt00
IRS990/TotalJointCostsGrp/ManagementAndGeneralAmt00
IRS990/TotalJointCostsGrp/ProgramServicesAmt00
IRS990/TotalJointCostsGrp/TotalAmt00
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IRS990/TotalLiabilitiesEOYAmt0891320
IRS990/TotalLiabilitiesGrp/BOYAmt021062
IRS990/TotalLiabilitiesGrp/EOYAmt0891320
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IRS990/TotalProgramServiceExpensesAmt01446593
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02576307
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02576307
IRS990/TotalVolunteersCnt063
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt013184321
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt015213282
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/ProgramServicesAmt00
IRS990/TravelGrp/TotalAmt00
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IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt013163259
IRS990/UnrestrictedNetAssetsGrp/EOYAmt014321962
IRS990/UponRequestInd0X
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IRS990/VotingMembersIndependentCnt025
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CRAIG VAN AMBURGH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04323337886
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-10-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ODESSA INDUSTRIAL DEVELOPMENT CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0ODES
ReturnHeader/Filer/EIN0751320228
ReturnHeader/Filer/PhoneNum04323337886
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 3626
ReturnHeader/Filer/USAddress/CityNm0ODESSA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd0797603626
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0668B166251CCFF9E4A4D3ACF9B0DC4BDFF9F45FC
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0668B166251CCFF9E4A4D3ACF9B0DC4BDFF9F45FC
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt072.48.230.106
ReturnHeader/FilingSecurityInformation/IPDt02018-11-15
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0PS
ReturnHeader/FilingSecurityInformation/IPTm009:25:27
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RON KIRBY CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02626 JBS PKWY STE B 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ODESSA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0797611957
ReturnHeader/PreparerPersonGrp/PhoneNum04325502708
ReturnHeader/PreparerPersonGrp/PreparationDt02018-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RON KIRBY CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02018-11-15T09:25:33-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$15,213,282
Liabilities
$891,320
Net assets
$14,321,962
Revenue
$2,576,307
Expenses
$1,446,593
Net income
$1,129,714
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
2018Detailed filing. Detailed filing data is available for this year.$15.2$0.89$14.3$2.58$1.45$1.13
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