Civic Intelligence

Odessa Industrial Development Corporation

990 • Fiscal year 2024 • EIN 75-1320228

Jul 01, 2023 to Jun 30, 2024 • Filed on Aug 12, 2024

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.

2024 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

7th percentile

0.02x

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

2024 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2024

Net Margin

70th percentile

13%

Higher net margin than 70% of similar nonprofits.

2024 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2024

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.

2024 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2024

Asset Growth

31st percentile

1.5%

Faster asset growth than 31% of similar nonprofits.

2024 filings • 501(c)6 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

88th percentile

32%

Faster revenue growth than 88% of similar nonprofits.

2024 filings • 501(c)6 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets7th percentile

Assets

Up

$18,333,897

Up $278,421 (+1.5%) from 2023

Net Assets

Up

$18,298,816

Up $286,513 (+1.6%) from 2023

Liabilities

Down

$35,081

Down $8,092 (-19%) from 2023

Revenue And Expenses
Liabilities / Revenue7th percentileNet Margin70th percentile

Revenue

Up

$2,213,199

Up $535,242 (+32%) from 2023

Expenses

Up

$1,926,686

Up $1,499,877 (+351%) from 2023

Net Income

Down

$286,513

Down $964,635 (-77%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth31st 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 2024: $18,333,897Liabilities 2024: $35,081Net Assets 2024: $18,298,8162024Assets 2025: $19,439,501Liabilities 2025: $24,338Net Assets 2025: $19,415,1632025

Highlighted filing

2024

Assets$18,333,897
Liabilities$35,081
Net Assets$18,298,816
Open 2024 Filing

Operations Trend

Revenue Growth88th 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 2024: $2,213,199Expenses 2024: $1,926,686Net Income 2024: $286,5132024Revenue 2025: $2,514,705Expenses 2025: $1,398,358Net Income 2025: $1,116,3472025

Highlighted filing

2024

Revenue$2,213,199
Expenses$1,926,686
Net Income$286,513
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Aug 12, 2024
Return Version
2023v5.1
Gross Receipts
$1,626,157
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$7,685,247$9,379,651▲ $1,694,404
Savings and Temporary Cash Investments$5,501,905$5,663,766▲ $161,861
Land, Buildings, and Equipment, Net$1,690,262$1,520,682▼ $169,580
Cash and Non-Interest-Bearing Accounts$232,404$319,505▲ $87,101
Accounts Receivable$898$898→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Total Assets$18,055,476$18,333,897▲ $278,421
Other Assets Total$2,944,760$1,449,395▼ $1,495,365
Liabilities
Accounts Payable and Accrued Expenses$43,173$35,081▼ $8,092
Deferred Revenue$0$0→ $0
Total Liabilities$43,173$35,081▼ $8,092
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$18,012,303$18,298,816▲ $286,513
Total Net Assets Fund Balance$18,012,303$18,298,816▲ $286,513
Total Liabilities and Net Assets / Fund Balance$18,055,476$18,333,897▲ $278,421

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$0$15,000-
Equipment$6,372--
Leasehold Improvements$1,514,310$1,121,592-
Other Assets Org$1,449,395--
Compensation and Service Providers
Top Officer Pay8th percentile

Board Members and Trustees

NameTitle
-Land Use Committee Chair
Gus OrtegaPast President
Daniel J HollmannPresident
Russell TippenVice President
Tracy JonesAsst. Secretary
Jim CoxSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$6,000
Program Service Revenue
$0
Investment Income
$1,263,470
Other Revenue
$943,729
All Other Contributions
$0
Change in Net Assets
$286,513

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,213,199
Revenue Not Reported on Form 990
$-34,268
Total Revenue per Audited Statements
$2,178,931
Total Revenue per Form 990
$2,213,199
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,814,043
Grants and Similar Amounts Paid$112,643
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$0$169,580$0$169,580
Grants to Domestic Orgs$112,643--$112,643
Other Expenses$34,268$0$0$34,268
Fees for Services Management$0$28,010$0$28,010
Office Expenses$0$20,235$0$20,235
Fees for Services Accounting$0$6,700$0$6,700
Fees for Services Legal$0$6,150$0$6,150
Insurance$0$5,331$0$5,331
Advertising$0$2,000$0$2,000
Total Functional Expenses$0$0$0$1,892,418

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,926,686
Total Expenses per Form 990$1,926,686
Total Expenses per Audited Statements$1,892,418
Expenses Not Reported on Form 990$-34,268
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Odessa CollegeOdessa, TX-25000.-
Texas Tech FoundationLubbock, TX-25000.-
University of Texas Permian BasinOdessa, TX-50000.-
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 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
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
James B Goates
Title
President
Phone
4323337886
Signed
2024-08-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Goats
Formed
1966
Legal Domicile
TX
Voting Board Members
42
Independent Board Members
42
Employees
0
Volunteers
63

Preparer

Firm
Ron Kirby CPA
Address
2626 JBS PKWY STE B 200, ODESSA, TX 79761
Preparer
Ron Kirby
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 $-4.”

Financial Statement Notes

Pt XI, Line 2D

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

Pt XII, Line 2D

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

Raw XML AppendixShowing 400 of 422 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/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0286513
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt0289203
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt02668
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt02668
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt05501905
IRS990/SavingsAndTempCashInvstGrp/EOYAmt05663766
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt06372
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt06372
IRS990ScheduleD/ExpensesNotReportedAmt0-34268
IRS990ScheduleD/ExpensesSubtotalAmt01926686
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01514310
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01121592
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt02635902
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01449395
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ODESSA INDUSTRIAL PARK
IRS990ScheduleD/OtherExpensesIncludedAmt0-34268
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt015000
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt015000
IRS990ScheduleD/OtherRevenueAmt0-34268
IRS990ScheduleD/RevenueNotReportedAmt0-34268
IRS990ScheduleD/RevenueSubtotalAmt02213199
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0COST OF LAND SOLD INCLUDED IN THE AUDITED REVENUE, BUT INCLUDED 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 2d
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01520682
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01449395
IRS990ScheduleD/TotalExpensesPerForm990Amt01926686
IRS990ScheduleD/TotalRevenuePerForm990Amt02213199
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02178931
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01892418
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt025000.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt125000.
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt250000.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0ODESSA COLLEGE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1TEXAS TECH FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2UNIVERSITY OF TEXAS PERMIAN BASIN
IRS990ScheduleI/RecipientTable/RecipientEIN0752655037
IRS990ScheduleI/RecipientTable/RecipientEIN1752668014
IRS990ScheduleI/RecipientTable/RecipientEIN2751393493
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0201 W UNIVERSITY
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt13601 4TH STREET MS 6238
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt24901 E UNIVERSITY
IRS990ScheduleI/RecipientTable/USAddress/CityNm0ODESSA
IRS990ScheduleI/RecipientTable/USAddress/CityNm1LUBBOCK
IRS990ScheduleI/RecipientTable/USAddress/CityNm2ODESSA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0TX
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1TX
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2TX
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd079764
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd179430
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd279762
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt05
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 $-4.
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/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt018055476
IRS990/TotalAssetsEOYAmt018333897
IRS990/TotalAssetsGrp/BOYAmt018055476
IRS990/TotalAssetsGrp/EOYAmt018333897
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt06000
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0299676
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01627010
IRS990/TotalFunctionalExpensesGrp/TotalAmt01926686
IRS990/TotalGrossUBIAmt00
IRS990/TotalJointCostsGrp/FundraisingAmt00
IRS990/TotalJointCostsGrp/ManagementAndGeneralAmt00
IRS990/TotalJointCostsGrp/ProgramServicesAmt00
IRS990/TotalJointCostsGrp/TotalAmt01892418
IRS990/TotalLiabilitiesBOYAmt043173
IRS990/TotalLiabilitiesEOYAmt035081
IRS990/TotalLiabilitiesGrp/BOYAmt043173
IRS990/TotalLiabilitiesGrp/EOYAmt035081
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt018012303
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt018298816
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02207199
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02213199
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt063
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt018055476
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt018333897
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt00
IRS990/TravelGrp/ProgramServicesAmt00
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 3626
IRS990/USAddress/CityNm0ODESSA
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd0797603626
IRS990/VotingMembersGoverningBodyCnt042
IRS990/VotingMembersIndependentCnt042
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02024-08-08 14:25:15Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JAMES B GOATES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04323337886
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-08-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ODESSA INDUSTRIAL DEVELOPMENT CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0ODES

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$18,333,897
Liabilities
$35,081
Net assets
$18,298,816
Revenue
$2,213,199
Expenses
$1,926,686
Net income
$286,513
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
2024Detailed filing. Detailed filing data is available for this year.$18.3$0.04$18.3$2.21$1.93$0.29
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
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