Civic Intelligence

Odessa Industrial Development Corporation

990 • Fiscal year 2025 • EIN 75-1320228

Jul 01, 2024 to Jun 30, 2025 • Filed on Jul 24, 2025

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

5th percentile

0.00x

Higher debt load relative to assets than 5% of similar nonprofits.

2025 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2025

Liabilities / Revenue

6th percentile

0.01x

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

2025 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2025

Net Margin

94th percentile

44%

Higher net margin than 94% of similar nonprofits.

2025 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2025

Top Officer Pay

13th percentile

$0

Higher top officer pay than 13% of similar nonprofits.

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

2025 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2025

Asset Growth

54th percentile

6.0%

Faster asset growth than 54% of similar nonprofits.

2025 filings • 501(c)6 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Revenue Growth

75th percentile

14%

Faster revenue growth than 75% of similar nonprofits.

2025 filings • 501(c)6 • $10M-$25M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets5th percentile

Assets

Up

$19,439,501

Up $1,384,025 (+7.7%) from 2023

Net Assets

Up

$19,415,163

Up $1,402,860 (+7.8%) from 2023

Liabilities

Down

$24,338

Down $18,835 (-44%) from 2023

Revenue And Expenses
Liabilities / Revenue6th percentileNet Margin94th percentile

Revenue

Up

$2,514,705

Up $836,748 (+50%) from 2023

Expenses

Up

$1,398,358

Up $971,549 (+228%) from 2023

Net Income

Down

$1,116,347

Down $134,801 (-11%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth54th 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

2025

Assets$19,439,501
Liabilities$24,338
Net Assets$19,415,163
Open 2025 Filing

Operations Trend

Revenue Growth75th 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

2025

Revenue$2,514,705
Expenses$1,398,358
Net Income$1,116,347
Open 2025 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Jul 24, 2025
Return Version
2024v5.2
Gross Receipts
$1,951,520
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
Savings and Temporary Cash Investments$5,663,766$9,448,220▲ $3,784,454
Investments in Publicly Traded Securities$9,379,651$7,097,625▼ $2,282,026
Land, Buildings, and Equipment, Net$1,520,682$1,352,154▼ $168,528
Cash and Non-Interest-Bearing Accounts$319,505$121,270▼ $198,235
Accounts Receivable$898$898→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Total Assets$18,333,897$19,439,501▲ $1,105,604
Other Assets Total$1,449,395$1,419,334▼ $30,061
Liabilities
Accounts Payable and Accrued Expenses$35,081$24,338▼ $10,743
Deferred Revenue$0$0→ $0
Total Liabilities$35,081$24,338▼ $10,743
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$18,298,816$19,415,163▲ $1,116,347
Total Net Assets Fund Balance$18,298,816$19,415,163▲ $1,116,347
Total Liabilities and Net Assets / Fund Balance$18,333,897$19,439,501▲ $1,105,604

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$0$15,000-
Equipment$6,372--
Leasehold Improvements$1,345,782$1,290,120-
Other Assets Org$1,419,334--
Compensation and Service Providers
Top Officer Pay13th percentile

Board Members and Trustees

NameTitle
Kathi VaughnChair
Shem CulpepperLand Use Committee Chair
Renee EarlsPresident
Russell TippinVice President
Tom ManskeyEconomic Development Director
Tracy JonesAsst. Secretary
-Economic Development Specialist
Jim CoxSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$13,000
Program Service Revenue
$0
Investment Income
$1,385,316
Other Revenue
$1,116,389
All Other Contributions
$0
Change in Net Assets
$1,116,347

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,045,147
Revenue Not Reported on Financial Statements
$1,469,558
Other Revenue Adjustments
$1,469,558
Total Revenue per Audited Statements
$1,045,147
Total Revenue per Form 990
$2,514,705
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,029,104
Other Expenses$369,254
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,029,104--$1,029,104
Depreciation Depletion$0$168,528$0$168,528
Fees for Services Management$0$74,514$0$74,514
Other Expenses$30,062$0$0$30,062
Insurance$0$19,149$0$19,149
Office Expenses$0$13,059$0$13,059
Fees for Services Accounting$0$6,950$0$6,950
Total Functional Expenses$0$0$0$2,098,358

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$2,098,358
Expenses per Audited Statements$2,068,296
Total Expenses per Audited Statements$2,068,296
Expenses Not Reported on Financial Statements$30,062
Other Expense Adjustments$30,062
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Odessa CollegeOdessa, TX-Building$525,000
Texas Tech FoundationLubbock, TX-Misc$25,000
University of Texas Permian BasinOdessa, TX-Misc$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 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
Jimmy Cox
Title
President
Phone
4323337886
Signed
2025-07-24
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 4B

“Cost of investment income included as income on return but as other income on audited finanacial statements”

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/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt00
IRS990/OtherRevenueTotalAmt01036928
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt00
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0JAMES GOATS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt06000
IRS990/PYGrantsAndSimilarPaidAmt0112643
IRS990/PYInvestmentIncomeAmt01263470
IRS990/PYOtherExpensesAmt01814043
IRS990/PYOtherRevenueAmt0943729
IRS990/PYRevenuesLessExpensesAmt0286513
IRS990/PYTotalExpensesAmt01926686
IRS990/PYTotalRevenueAmt02213199
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt01116347
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt076686
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt02775
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt02775
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt05663766
IRS990/SavingsAndTempCashInvstGrp/EOYAmt09448220
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt06372
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt06372
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt030062
IRS990ScheduleD/ExpensesSubtotalAmt02068296
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01345782
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01290120
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt02635902
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01419334
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0ODESSA INDUSTRIAL PARK
IRS990ScheduleD/OtherExpensesNotIncludedAmt030062
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt015000
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt015000
IRS990ScheduleD/OtherRevenuesNotIncludedAmt01469558
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt01469558
IRS990ScheduleD/RevenueSubtotalAmt01045147
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0COST OF INVESTMENT INCOME INCLUDED AS INCOME ON RETURN BUT AS OTHER INCOME ON AUDITED FINANACIAL STATEMENTS
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 4b
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt XII, Line 4b
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01352154
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01419334
IRS990ScheduleD/TotalExpensesPerForm990Amt02098358
IRS990ScheduleD/TotalRevenuePerForm990Amt02514705
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01045147
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02068296
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/RecipientTable/CashGrantAmt0525000
IRS990ScheduleI/RecipientTable/CashGrantAmt125000
IRS990ScheduleI/RecipientTable/CashGrantAmt225000
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0BUILDING
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1MISC
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2MISC
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/TotalAssetsBOYAmt018333897
IRS990/TotalAssetsEOYAmt019439501
IRS990/TotalAssetsGrp/BOYAmt018333897
IRS990/TotalAssetsGrp/EOYAmt019439501
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt013000
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0321348
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01077010
IRS990/TotalFunctionalExpensesGrp/TotalAmt01398358
IRS990/TotalGrossUBIAmt00
IRS990/TotalJointCostsGrp/FundraisingAmt00
IRS990/TotalJointCostsGrp/ManagementAndGeneralAmt00
IRS990/TotalJointCostsGrp/ProgramServicesAmt00
IRS990/TotalJointCostsGrp/TotalAmt02098358
IRS990/TotalLiabilitiesBOYAmt035081
IRS990/TotalLiabilitiesEOYAmt024338
IRS990/TotalLiabilitiesGrp/BOYAmt035081
IRS990/TotalLiabilitiesGrp/EOYAmt024338
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt018298816
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt019415163
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02501705
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02514705
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt063
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt018333897
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt019439501
IRS990/TransactionWithControlEntInd0false
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt00
IRS990/TravelGrp/ProgramServicesAmt00
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2025 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$19,439,501
Liabilities
$24,338
Net assets
$19,415,163
Revenue
$2,514,705
Expenses
$1,398,358
Net income
$1,116,347
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$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
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. 2025 filings • 501(c)6 • $10M-$25M nonprofits