Civic Intelligence

Olney Industrial Development

EIN 75-2358407 • 501(c)6 • Olney, TX

Profile

Enhance the strength and stability of the olney economy through the support of existing industry and the attraction of manufacturing and service sector business which brings new cpaital and employment opportunites into the community.

108 E Main StreetOlney, TX 76374

www.olneytexas.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

25th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)6 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

26th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)6 • $500k-$1M nonprofits • Source year 2022

Net Margin

89th percentile

28%

Higher net margin than 89% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

55th percentile

5.6%

Faster asset growth than 55% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

69th percentile

14%

Faster revenue growth than 69% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets25th percentile

Assets

Up

$943,106

Up $50,213 (+5.6%) from 2021

Liabilities

Flat

$0

Flat from 2021

Net Assets

Up

$943,106

Up $50,213 (+5.6%) from 2021

Operations
Liabilities / Revenue26th percentileNet Margin89th percentile

Revenue

Up

$182,154

Up $21,992 (+14%) from 2021

Expenses

Up

$131,941

Up $12,908 (+11%) from 2021

Net Income

Up

$50,213

Up $9,084 (+22%) from 2021

Trend Graphs

Balance Sheet Trend

Asset Growth55th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.0M$500K$0Assets 2011: $774,793Liabilities 2011: $56Net Assets 2011: $774,7372011Assets 2012: $717,066Liabilities 2012: $0Net Assets 2012: $717,0662012Assets 2013: $787,885Liabilities 2013: $379Net Assets 2013: $787,5062013Assets 2014: $758,247Liabilities 2014: $0Net Assets 2014: $758,2472014Assets 2015: $696,318Liabilities 2015: $0Net Assets 2015: $696,3182015Assets 2016: $681,176Liabilities 2016: $0Net Assets 2016: $681,1762016Assets 2017: $713,296Liabilities 2017: $0Net Assets 2017: $713,2962017Assets 2018: $735,403Liabilities 2018: $0Net Assets 2018: $735,4032018Assets 2019: $775,912Liabilities 2019: $0Net Assets 2019: $775,9122019Assets 2020: $851,764Liabilities 2020: $0Net Assets 2020: $851,7642020Assets 2021: $892,893Liabilities 2021: $0Net Assets 2021: $892,8932021Assets 2022: $943,106Liabilities 2022: $0Net Assets 2022: $943,1062022

Highlighted filing

2022

Assets$943,106
Liabilities$0
Net Assets$943,106
Open 2022 Filing

Operations Trend

Revenue Growth69th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KRevenue 2011: $233,830Expenses 2011: $231,752Net Income 2011: $2,0782011Revenue 2012: $74,355Expenses 2012: $132,026Net Income 2012: -$57,6712012Revenue 2013: $219,908Expenses 2013: $149,468Net Income 2013: $70,4402013Revenue 2014: $183,718Expenses 2014: $212,977Net Income 2014: -$29,2592014Revenue 2015: $134,962Expenses 2015: $196,891Net Income 2015: -$61,9292015Revenue 2016: $139,799Expenses 2016: $154,941Net Income 2016: -$15,1422016Revenue 2017: $147,487Expenses 2017: $115,367Net Income 2017: $32,1202017Revenue 2018: $169,880Expenses 2018: $147,773Net Income 2018: $22,1072018Revenue 2019: $184,736Expenses 2019: $144,227Net Income 2019: $40,5092019Revenue 2020: $199,853Expenses 2020: $124,001Net Income 2020: $75,8522020Revenue 2021: $160,162Expenses 2021: $119,033Net Income 2021: $41,1292021Revenue 2022: $182,154Expenses 2022: $131,941Net Income 2022: $50,2132022

Highlighted filing

2022

Revenue$182,154
Expenses$131,941
Net Income$50,213
Open 2022 Filing

Filings

Most recent year

2022 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$943,106
Liabilities
$0
Net assets
$943,106
Revenue
$182,154
Expenses
$131,941
Net income
$50,213
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.43$0.00$9.43$1.82$1.32$0.50
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.93$0.00$8.93$1.60$1.19$0.41
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.52$0.00$8.52$2.00$1.24$0.76
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.76$0.00$7.76$1.85$1.44$0.41
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.35$0.00$7.35$1.70$1.48$0.22
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.13$0.00$7.13$1.47$1.15$0.32
2016Detailed filing. Detailed filing data is available for this year.$6.81$0.00$6.81$1.40$1.55$0.15
2015Detailed filing. Detailed filing data is available for this year.$6.96$0.00$6.96$1.35$1.97$0.62
2014Summary only. Only limited summary data is available for this year.$7.58$0.00$7.58$1.84$2.13$0.29
2013Summary only. Only limited summary data is available for this year.$7.88$0.00$7.88$2.20$1.49$0.70
2012Summary only. Only limited summary data is available for this year.$7.17$0.00$7.17$0.74$1.32$0.58
2011Summary only. Only limited summary data is available for this year.$7.75$0.00$7.75$2.34$2.32$0.02
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2021 to Sep 30, 2022
Signed
Aug 10, 2023
Return Version
2021v4.0
Gross Receipts
$182,154
Mission and Program Overview

Mission

Enhance the strength and stability of the olney economy through the support of existing industry and the attraction of manufacturing and service sector business which brings new cpaital and employment opportunites into the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$814,148$864,301▲ $50,153
Land, Buildings, and Equipment, Net$56,431$56,431→ $0
Cash and Non-Interest-Bearing Accounts$706$765▲ $59
Total Assets$892,893$943,106▲ $50,213
Other Assets Total$21,608$21,609▲ $1
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$892,893$943,106▲ $50,213
Total Net Assets Fund Balance$892,893$943,106▲ $50,213
Total Liabilities and Net Assets / Fund Balance$892,893$943,106▲ $50,213

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$47,500-$47,500
Land$8,931-$8,931
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
Wiley HugheyExecutive DiFT$61,958$61,958

Board Members and Trustees

NameTitle
Franklin FischerDirector
Lonnie RueDirector
Mark McclellandDirector
Rick TurnerDirector
Ronald RogersDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$179,007
Investment Income
$3,147
Other Revenue
$0
Change in Net Assets
$50,213

Audited Revenue Reconciliation

Revenue per Audited Statements
$182,154
Total Revenue per Audited Statements
$182,154
Total Revenue per Form 990
$182,154
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$75,644
Other Expenses$56,297
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$61,958
Insurance---$20,302
Other Employee Benefits---$8,915
Payroll Taxes---$4,771
Occupancy---$2,827
Fees for Services Legal---$1,324
Office Expenses---$1,169
Other Expenses---$625
Fees for Services Accounting---$610
All Other Expenses---$550
Total Functional Expenses$0$0$0$131,941

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$131,941
Total Expenses per Audited Statements$131,941
Total Expenses per Form 990$131,941
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
Backup withholding compliance
Yes
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

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“The directors review copies of the form 990 at a regular scheduled meeting prior to signing and mailing to irs.”

Form 990, Page 6, Part VI, Line 19

“Documents are available for public inspection upon written request.”

Filing and Contact Details

Filer

Filer Name
Olney Industrial Development
EIN
75-2358407
Phone
9405645879
Address
108 E MAIN STREET, OLNEY, TX 76374

Signing Officer

Name
Wiley Hughey
Title
Executive Director
Phone
9405645879
Signed
2023-08-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Wiley Hughey
Formed
1981
Legal Domicile
TX
Voting Board Members
6
Independent Board Members
6
Employees
1

Preparer

Firm
Cris a Lemon CPA
Address
201 CLAY STREET, NOCONA, TX 76255
Preparer
Cris Lemon
Phone
9408253113
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Enhance the strength and stability of the olney economy through the support of existing industry and the attraction of manufacturing and service sector business which brings new cpaital and employment opportunites into the community.”

Raw XML Appendix285 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0ENHANCE THE STRENGTH AND STABILITY OF THE OLNEY ECONOMY THROUGH THE SUPPORT OF EXISTING INDUSTRY AND THE ATTRACTION OF MANUFACTURING AND SERVICE SECTOR BUSINESS WHICH BRINGS NEW CPAITAL AND EMPLOYMENT OPPORTUNITES INTO THE COMMUNITY.
IRS990/AllOtherExpensesGrp/TotalAmt0550
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0WILEY HUGHEY EXECUTIVE DIRECTOR
IRS990/BooksInCareOfDetail/PhoneNum09405645879
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0108 E MAIN STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0OLNEY
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TX
IRS990/BooksInCareOfDetail/USAddress/ZIPCd076374
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0706
IRS990/CashNonInterestBearingGrp/EOYAmt0765
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt061958
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt03147
IRS990/CYOtherExpensesAmt056297
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0179007
IRS990/CYRevenuesLessExpensesAmt050213
IRS990/CYSalariesCompEmpBnftPaidAmt075644
IRS990/CYTotalExpensesAmt0131941
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0182154
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0ASSISTING THE CITY OF OLNEY, TEXAS WITH RECRUITMENT OF NEW INDUSTRY AND MAINTAINING THE CURRENT INDUSTRY, INCLUDING JOB GROWTH AND AFFORDABLE HOUSING.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt01
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/ExpenseAmt0131941
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt0610
IRS990/FeesForServicesLegalGrp/TotalAmt01324
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/PersonNm0WILEY HUGHEY
IRS990/Form990PartVIISectionAGrp/PersonNm1FRANKLIN FISCHER
IRS990/Form990PartVIISectionAGrp/PersonNm2MARK MCCLELLAND
IRS990/Form990PartVIISectionAGrp/PersonNm3RONALD ROGERS
IRS990/Form990PartVIISectionAGrp/PersonNm4LONNIE RUE
IRS990/Form990PartVIISectionAGrp/PersonNm5RICK TURNER
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt061958
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DI
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01981
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0182154
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt06
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/TotalAmt020302
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt03147
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt03147
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt056431
IRS990/LandBldgEquipBasisNetGrp/EOYAmt056431
IRS990/LandBldgEquipCostOrOtherBssAmt056431
IRS990/LegalDomicileStateCd0TX
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0ENHANCE THE STRENGTH AND STABILITY OF THE OLNEY ECONOMY THROUGH THE SUPPORT OF EXISTING INDUSTRY AND THE ATTRACTION OF MANUFACTURING AND SERVICE SECTOR BUSINESS WHICH BRINGS NEW CPAITAL AND EMPLOYMENT OPPORTUNITES INTO THE COMMUNITY.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0892893
IRS990/NetAssetsOrFundBalancesEOYAmt0943106
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0892893
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0943106
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt02827
IRS990/OfficeExpensesGrp/TotalAmt01169
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt021608
IRS990/OtherAssetsTotalGrp/EOYAmt021609
IRS990/OtherEmployeeBenefitsGrp/TotalAmt08915
IRS990/OtherExpensesGrp/Desc0INDUSTRIAL DEVELOPMENT
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS EXPENSE
IRS990/OtherExpensesGrp/Desc2AUTOMOBILE EXPENSE
IRS990/OtherExpensesGrp/Desc3DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/TotalAmt024774
IRS990/OtherExpensesGrp/TotalAmt12297
IRS990/OtherExpensesGrp/TotalAmt21819
IRS990/OtherExpensesGrp/TotalAmt3625
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/TotalAmt04771
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0WILEY HUGHEY
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531390
IRS990/ProgramServiceRevenueGrp/Desc0INDUSTRIAL DEVELOPMENT
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0179007
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0179007
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt01216
IRS990/PYOtherExpensesAmt053030
IRS990/PYProgramServiceRevenueAmt0158946
IRS990/PYRevenuesLessExpensesAmt041129
IRS990/PYSalariesCompEmpBnftPaidAmt066003
IRS990/PYTotalExpensesAmt0119033
IRS990/PYTotalRevenueAmt0160162
IRS990/ReconcilationRevenueExpnssAmt050213
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0179007
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0814148
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0864301
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt047500
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt047500
IRS990ScheduleD/ExpensesSubtotalAmt0131941
IRS990ScheduleD/LandGrp/BookValueAmt08931
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt08931
IRS990ScheduleD/RevenueSubtotalAmt0182154
IRS990ScheduleD/TotalBookValueLandBuildingsAmt056431
IRS990ScheduleD/TotalExpensesPerForm990Amt0131941
IRS990ScheduleD/TotalRevenuePerForm990Amt0182154
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0182154
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0131941
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ENHANCE THE STRENGTH AND STABILITY OF THE OLNEY ECONOMY THROUGH THE SUPPORT OF EXISTING INDUSTRY AND THE ATTRACTION OF MANUFACTURING AND SERVICE SECTOR BUSINESS WHICH BRINGS NEW CPAITAL AND EMPLOYMENT OPPORTUNITES INTO THE COMMUNITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE DIRECTORS REVIEW COPIES OF THE FORM 990 AT A REGULAR SCHEDULED MEETING PRIOR TO SIGNING AND MAILING TO IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DOCUMENTS ARE AVAILABLE FOR PUBLIC INSPECTION UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0892893
IRS990/TotalAssetsEOYAmt0943106
IRS990/TotalAssetsGrp/BOYAmt0892893
IRS990/TotalAssetsGrp/EOYAmt0943106
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0131941
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0892893
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0943106
IRS990/TotalProgramServiceExpensesAmt0131941
IRS990/TotalProgramServiceRevenueAmt0179007
IRS990/TotalReportableCompFromOrgAmt061958
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0182154
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0182154
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0892893
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0943106
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0108 E MAIN STREET
IRS990/USAddress/CityNm0OLNEY
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd076374
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0WWW.OLNEYTEXAS.COM
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0WILEY HUGHEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09405645879
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-08-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0OLNEY INDUSTRIAL DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0OLNE
ReturnHeader/Filer/EIN0752358407
ReturnHeader/Filer/PhoneNum09405645879
ReturnHeader/Filer/USAddress/AddressLine1Txt0108 E MAIN STREET
ReturnHeader/Filer/USAddress/CityNm0OLNEY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd076374
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0752557389
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CRIS A LEMON CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0201 CLAY STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NOCONA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd076255
ReturnHeader/PreparerPersonGrp/PhoneNum09408253113
ReturnHeader/PreparerPersonGrp/PreparationDt02023-08-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CRIS LEMON
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02023-08-14T14:45:21-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0WILEY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0HUGHEY
ReturnHeader/TaxPeriodBeginDt02021-10-01
ReturnHeader/TaxPeriodEndDt02022-09-30
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.