Civic Intelligence

Odessa Industrial Development Corporation

990 • Fiscal year 2019 • EIN 75-1320228

Jul 01, 2018 to Jun 30, 2019 • Filed on Aug 21, 2019

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

7th percentile

0.00x

Higher debt load relative to assets than 7% of similar nonprofits.

2019 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

8th percentile

0.02x

Higher debt load relative to revenue than 8% of similar nonprofits.

2019 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2019

Net Margin

99th percentile

78%

Higher net margin than 99% of similar nonprofits.

2019 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2019

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.

2019 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2019

Asset Growth

64th percentile

11%

Faster asset growth than 64% of similar nonprofits.

2019 filings • 501(c)6 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

92nd percentile

31%

Faster revenue growth than 92% of similar nonprofits.

2019 filings • 501(c)6 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets7th percentile

Assets

Up

$16,859,482

Up $1,646,200 (+11%) from 2018

Net Assets

Up

$16,786,532

Up $2,464,570 (+17%) from 2018

Liabilities

Down

$72,950

Down $818,370 (-92%) from 2018

Revenue And Expenses
Liabilities / Revenue8th percentileNet Margin99th percentile

Revenue

Up

$3,378,284

Up $801,977 (+31%) from 2018

Expenses

Down

$742,436

Down $704,157 (-49%) from 2018

Net Income

Up

$2,635,848

Up $1,506,134 (+133%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth64th 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

2019

Assets$16,859,482
Liabilities$72,950
Net Assets$16,786,532
Open 2019 Filing

Operations Trend

Revenue Growth92nd 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

2019

Revenue$3,378,284
Expenses$742,436
Net Income$2,635,848
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Aug 21, 2019
Return Version
2018v3.1
Gross Receipts
$3,378,284
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$11,019,404$12,386,839▲ $1,367,435
Land, Buildings, and Equipment, Net$1,912,326$2,373,529▲ $461,203
Savings and Temporary Cash Investments$440,096$334,261▼ $105,835
Cash and Non-Interest-Bearing Accounts$52,542$18,381▼ $34,161
Accounts Receivable$2,260$2,260→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Total Assets$15,213,282$16,859,482▲ $1,646,200
Other Assets Total$1,786,654$1,744,212▼ $42,442
Liabilities
Accounts Payable and Accrued Expenses$891,320$72,950▼ $818,370
Total Liabilities$891,320$72,950▼ $818,370
Net Assets / Fund Balance
Unrestricted Net Assets$14,321,962$16,786,532▲ $2,464,570
Total Net Assets Fund Balance$14,321,962$16,786,532▲ $2,464,570
Total Liabilities and Net Assets / Fund Balance$15,213,282$16,859,482▲ $1,646,200

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$0$15,000-
Equipment$6,372--
Leasehold Improvements$2,367,157$268,745-
Other Assets Org$0--
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
$638,439
Other Revenue
$2,739,845
All Other Contributions
$0
Change in Net Assets
$2,635,848

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,378,284
Revenue Not Reported on Form 990
$-266,876
Total Revenue per Audited Statements
$3,111,408
Total Revenue per Form 990
$3,378,284
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$667,436
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
Other Expenses$163,613$0$0$163,613
Depreciation Depletion$117,526$0$0$117,526
All Other Expenses$95,600$0$0$95,600
Grants to Domestic Orgs$75,000--$75,000
Fees for Services Legal$61,852$0$0$61,852
Occupancy$29,052$0$0$29,052
Office Expenses$14,894$0$0$14,894
Fees for Services Accounting$5,000$0$0$5,000
Insurance$3,876$0$0$3,876
Fees for Services Management$482$0$0$482
Total Functional Expenses$742,436$0$0$742,436

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$742,436
Expenses per Audited Statements$646,837
Total Expenses per Audited Statements$646,837
Expenses Not Reported on Financial Statements$95,599
Other Expense Adjustments$95,599
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
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
2019-08-21
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.”

Pt XI

“ROUNDING CAUSED ISSUES.”

Financial Statement Notes

Pt XI, Line 2D

“Cost of land sold included in the audited revenue, but put in expenses on the return.”

Pt XII, Line 4B

“Cost of land sales was included as expense on return, but as part of revenue in audited financial statements.”

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IRS990/SavingsAndTempCashInvstGrp/BOYAmt0440096
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0334261
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt06372
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt06372
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt095599
IRS990ScheduleD/ExpensesSubtotalAmt0646837
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt02367157
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0268745
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt02635902
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-171276
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01744212
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt10
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ODESSA INDUSTRIAL PARK
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1OPTION DEPOSIT
IRS990ScheduleD/OtherExpensesNotIncludedAmt095599
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt015000
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt015000
IRS990ScheduleD/OtherRevenueAmt0-95600
IRS990ScheduleD/RevenueNotReportedAmt0-266876
IRS990ScheduleD/RevenueSubtotalAmt03378284
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0COST OF LAND SOLD INCLUDED IN THE AUDITED REVENUE, BUT PUT IN EXPENSES ON THE RETURN.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1COST OF LAND SALES WAS INCLUDED AS EXPENSE ON RETURN, BUT AS PART OF REVENUE IN AUDITED FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt XI, Line 2d
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt XII, Line 4b
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02373529
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01744212
IRS990ScheduleD/TotalExpensesPerForm990Amt0742436
IRS990ScheduleD/TotalRevenuePerForm990Amt03378284
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03111408
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0646837
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/RecipientTable/CashGrantAmt025000
IRS990ScheduleI/RecipientTable/CashGrantAmt125000
IRS990ScheduleI/RecipientTable/CashGrantAmt225000
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SCHLORSHIPS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1SCHLORSHIPS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2SCHLORSHIPS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0UNIVERSITY OF TEXAS PERMIAN BASIN
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1ODESSA COLLEGE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2TEXAS TECH FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientEIN0751393493
IRS990ScheduleI/RecipientTable/RecipientEIN1752655037
IRS990ScheduleI/RecipientTable/RecipientEIN2752668014
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt04901 E UNIVERSITY
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1201 W UNIVERSITY
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt23601 4TH STREET MS 6238
IRS990ScheduleI/RecipientTable/USAddress/CityNm0ODESSA
IRS990ScheduleI/RecipientTable/USAddress/CityNm1ODESSA
IRS990ScheduleI/RecipientTable/USAddress/CityNm2LUBBOCK
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0TX
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1TX
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2TX
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd079762
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd179764
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd279430
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt02
IRS990/ScheduleJRequiredInd0false
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/ExplanationTxt3ROUNDING CAUSED ISSUES.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt XI
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt015213282
IRS990/TotalAssetsEOYAmt016859482
IRS990/TotalAssetsGrp/BOYAmt015213282
IRS990/TotalAssetsGrp/EOYAmt016859482
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0742436
IRS990/TotalFunctionalExpensesGrp/TotalAmt0742436
IRS990/TotalGrossUBIAmt00
IRS990/TotalJointCostsGrp/FundraisingAmt00
IRS990/TotalJointCostsGrp/ManagementAndGeneralAmt00
IRS990/TotalJointCostsGrp/ProgramServicesAmt00
IRS990/TotalJointCostsGrp/TotalAmt00
IRS990/TotalLiabilitiesBOYAmt0891320
IRS990/TotalLiabilitiesEOYAmt072950
IRS990/TotalLiabilitiesGrp/BOYAmt0891320
IRS990/TotalLiabilitiesGrp/EOYAmt072950
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt014321962
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt016786532
IRS990/TotalProgramServiceExpensesAmt0742436
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03378284
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03378284
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt063
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt015213282
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt016859482
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt00
IRS990/TravelGrp/ProgramServicesAmt00
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt014321962
IRS990/UnrestrictedNetAssetsGrp/EOYAmt016786532
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 3626
IRS990/USAddress/CityNm0ODESSA
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd0797603626
IRS990/VotingMembersGoverningBodyCnt025
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

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$16,859,482
Liabilities
$72,950
Net assets
$16,786,532
Revenue
$3,378,284
Expenses
$742,436
Net income
$2,635,848
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
2019Detailed filing. Detailed filing data is available for this year.$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
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
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2019 filings • 501(c)6 • $10M-$25M nonprofits