Civic Intelligence

White Oak Economic Development Corporation

EIN 75-2664459 • 501(c)6 • White Oak, TX

Profile

Economic Development

906 S White Oak RoadWhite Oak, TX 75693

www.cityofwhiteoak.com/edc

Siviq Scores

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

Liabilities / Assets

68th percentile

0.18x

Higher debt load relative to assets than 68% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

82nd percentile

0.33x

Higher debt load relative to revenue than 82% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Source year 2024

Net Margin

66th percentile

9.7%

Higher net margin than 66% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

88th percentile

30%

Faster asset growth than 88% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

25th percentile

-3.4%

Faster revenue growth than 25% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Up

$999,065

Up $228,588 (+30%) from 2023

Liabilities

Up

$176,591

Up $176,472 (+148296%) from 2023

Net Assets

Up

$822,474

Up $52,116 (+6.8%) from 2023

Revenue

Down

$538,078

Down $19,118 (-3.4%) from 2023

Expenses

Up

$485,962

Up $24,239 (+5.2%) from 2023

Net Income

Down

$52,116

Down $43,357 (-45%) from 2023

Trend Graphs

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2011: $638,580Liabilities 2011: $494Net Assets 2011: $638,0862011Assets 2012: $601,394Liabilities 2012: $302Net Assets 2012: $601,0922012Assets 2013: $517,824Liabilities 2013: $552Net Assets 2013: $517,2722013Assets 2014: $1,134,995Liabilities 2014: $934,413Net Assets 2014: $200,5822014Assets 2015: $1,294,114Liabilities 2015: $793,852Net Assets 2015: $500,2622015Assets 2016: $1,085,830Liabilities 2016: $661,974Net Assets 2016: $423,8562016Assets 2017: $951,390Liabilities 2017: $524,650Net Assets 2017: $426,7402017Assets 2018: $666,866Liabilities 2018: $386,129Net Assets 2018: $280,7372018Assets 2019: $511,595Liabilities 2019: $269,686Net Assets 2019: $241,9092019Assets 2020: $592,202Liabilities 2020: $0Net Assets 2020: $592,2022020Assets 2021: $645,319Liabilities 2021: $0Net Assets 2021: $645,3192021Assets 2022: $674,885Liabilities 2022: $0Net Assets 2022: $674,8852022Assets 2023: $770,477Liabilities 2023: $119Net Assets 2023: $770,3582023Assets 2024: $999,065Liabilities 2024: $176,591Net Assets 2024: $822,4742024

Highlighted filing

2024

Assets$999,065
Liabilities$176,591
Net Assets$822,474

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $266,142Expenses 2011: $254,235Net Income 2011: $11,9072011Revenue 2012: $274,674Expenses 2012: $311,668Net Income 2012: -$36,9942012Revenue 2013: $294,318Expenses 2013: $378,138Net Income 2013: -$83,8202013Revenue 2014: $916,303Expenses 2014: $1,232,993Net Income 2014: -$316,6902014Revenue 2015: $358,830Expenses 2015: $59,150Net Income 2015: $299,6802015Revenue 2016: $280,621Expenses 2016: $357,027Net Income 2016: -$76,4062016Revenue 2017: $287,290Expenses 2017: $284,406Net Income 2017: $2,8842017Revenue 2018: $344,900Expenses 2018: $490,903Net Income 2018: -$146,0032018Revenue 2019: $376,493Expenses 2019: $415,321Net Income 2019: -$38,8282019Revenue 2020: $444,505Expenses 2020: $94,212Net Income 2020: $350,2932020Revenue 2021: $461,038Expenses 2021: $407,921Net Income 2021: $53,1172021Revenue 2022: $505,562Expenses 2022: $475,996Net Income 2022: $29,5662022Revenue 2023: $557,196Expenses 2023: $461,723Net Income 2023: $95,4732023Revenue 2024: $538,078Expenses 2024: $485,962Net Income 2024: $52,1162024

Highlighted filing

2024

Revenue$538,078
Expenses$485,962
Net Income$52,116

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.00$0.18$0.82$0.54$0.49$0.05
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.77$0.00$0.77$0.56$0.46$0.10
2022Detailed filing. Detailed filing data is available for this year.$0.67$0.00$0.67$0.51$0.48$0.03
2021Detailed filing. Detailed filing data is available for this year.$0.65$0.00$0.65$0.46$0.41$0.05
2020Detailed filing. Detailed filing data is available for this year.$0.59$0.00$0.59$0.44$0.09$0.35
2019Detailed filing. Detailed filing data is available for this year.$0.51$0.27$0.24$0.38$0.42$0.04
2018Detailed filing. Detailed filing data is available for this year.$0.67$0.39$0.28$0.34$0.49$0.15
2017Detailed filing. Detailed filing data is available for this year.$0.95$0.52$0.43$0.29$0.28$0.00
2016Detailed filing. Detailed filing data is available for this year.$1.09$0.66$0.42$0.28$0.36$0.08
2015Detailed filing. Detailed filing data is available for this year.$1.29$0.79$0.50$0.36$0.06$0.30
2014Summary only. Only limited summary data is available for this year.$1.13$0.93$0.20$0.92$1.23$0.32
2013Summary only. Only limited summary data is available for this year.$0.52$0.00$0.52$0.29$0.38$0.08
2012Summary only. Only limited summary data is available for this year.$0.60$0.00$0.60$0.27$0.31$0.04
2011Summary only. Only limited summary data is available for this year.$0.64$0.00$0.64$0.27$0.25$0.01
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Sep 15, 2025
Return Version
2023v6.0
Gross Receipts
$553,627
Mission and Program Overview

Mission

ECONOMIC DEVELOPMENT

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$655,677$396,830▼ $258,847
Land, Buildings, and Equipment, Net-$343,596-
Other Notes and Loans Receivable, Net$26,728$163,043▲ $136,315
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$770,477$999,065▲ $228,588
Other Assets Total$88,072$95,596▲ $7,524
Liabilities
Mortgage Notes Payable Secured by Investment Property-$175,000-
Accounts Payable and Accrued Expenses$118$1,590▲ $1,472
Other Liabilities$1$1→ $0
Total Liabilities$119$176,591▲ $176,472
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$770,358$822,474▲ $52,116
Total Net Assets Fund Balance$770,358$822,474▲ $52,116
Total Liabilities and Net Assets / Fund Balance$770,477$999,065▲ $228,588

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$308,596$6,404$315,000
Land$35,000-$35,000
Equipment-$15,678$15,678
Other Assets Org$95,596--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Thomas CashPresident
Curtis SmithVice President
Dana MizellDirector
James CrumpDirector
Kevin HoodDirector
Jimmy PurcellExecutive Director
John SpitlerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$982
Other Revenue
$537,096
Change in Net Assets
$52,116
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$433,880
Other Expenses$52,082
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$433,880--$433,880
Fees for Services Management-$28,000-$28,000
Fees for Services Legal-$7,503-$7,503
Conferences and Meetings-$6,093-$6,093
Advertising-$534-$534
Other Expenses-$475-$475
Information Technology-$412-$412
All Other Expenses-$384-$384
Office Expenses-$307-$307
Total Functional Expenses$433,880$52,082$0$485,962
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
White Oak Radiator ServiceWhite Oak, TX-Capital Improvement$150,000
Worx CompaniesWhite Oak, TX-Capital Improvement$100,000
Antler Worx IncWhite Oak, TX-Capital Improvement$75,000
White Oak Baseball AssnWhite Oak, TX-Capital Improvement$46,000
Thompson Builders IncWhite Oak, TX-Capital Improvement$27,880
Lundgren AgencyWhite Oak, TX-Capital Improvement$20,000
White Oak ISDWhite Oak, TX-Community Library$15,000
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Rounding$1
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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

Governance Explanations

Form 990, Part VI, Section B, Line 11B

Executive Director reviews 990 prior to filing.

Form 990, Part VI, Section C, Line 19

Available upon request.

Filing and Contact Details

Filer

Filer Name
White Oak Economic Development
EIN
75-2664459
Phone
9037593936
Address
906 S WHITE OAK ROAD, WHITE OAK, TX 75693

Signing Officer

Name
Thomas Cash
Title
President
Signed
2025-09-15
Discuss with paid preparer
Yes

Organization Details

Formed
1995
Legal Domicile
TX
Voting Board Members
6
Independent Board Members
6
Employees
0

Preparer

Firm
Mays & Associates PLLC
Address
3720 Decker Dr, Baytown, TX 77520
Preparer
Brandon L Mays CPA
Phone
2814241000
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IRS990/PYGrantsAndSimilarPaidAmt0418133
IRS990/PYInvestmentIncomeAmt01300
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt043590
IRS990/PYOtherRevenueAmt0555896
IRS990/PYRevenuesLessExpensesAmt095473
IRS990/PYTotalExpensesAmt0461723
IRS990/PYTotalRevenueAmt0557196
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt052116
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt0-10299
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0308596
IRS990ScheduleD/BuildingsGrp/DepreciationAmt06404
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0315000
IRS990ScheduleD/EquipmentGrp/DepreciationAmt015678
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt015678
IRS990ScheduleD/LandGrp/BookValueAmt035000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt035000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt095596
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Sales Tax Receivable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Rounding
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0343596
IRS990ScheduleD/TotalBookValueOtherAssetsAmt095596
IRS990ScheduleD/TotalLiabilityAmt01
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/RecipientTable/CashGrantAmt075000
IRS990ScheduleI/RecipientTable/CashGrantAmt120000
IRS990ScheduleI/RecipientTable/CashGrantAmt227880
IRS990ScheduleI/RecipientTable/CashGrantAmt346000
IRS990ScheduleI/RecipientTable/CashGrantAmt415000
IRS990ScheduleI/RecipientTable/CashGrantAmt5150000
IRS990ScheduleI/RecipientTable/CashGrantAmt6100000
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt20
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt30
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt40
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt50
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt60
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Capital Improvement
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1Capital Improvement
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2Capital Improvement
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3Capital Improvement
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4Community Library
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5Capital Improvement
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt6Capital Improvement
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Antler Worx Inc
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1Lundgren Agency
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2Thompson Builders Inc
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3White Oak Baseball Assn
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4White Oak ISD
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5White Oak Radiator Service
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt6Worx Companies
IRS990ScheduleI/RecipientTable/RecipientEIN0342042120
IRS990ScheduleI/RecipientTable/RecipientEIN1863044764
IRS990ScheduleI/RecipientTable/RecipientEIN2205505513
IRS990ScheduleI/RecipientTable/RecipientEIN3752367127
IRS990ScheduleI/RecipientTable/RecipientEIN4751174675
IRS990ScheduleI/RecipientTable/RecipientEIN5752851203
IRS990ScheduleI/RecipientTable/RecipientEIN6934697059
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0PO Box 193
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1400 Woodridge Circle
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt25155 White Oak Rd
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt3202 E Sally St
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt4200 S White Oak Rd
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt5PO Box 606
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt62306 E US HWY 80
IRS990ScheduleI/RecipientTable/USAddress/CityNm0White Oak
IRS990ScheduleI/RecipientTable/USAddress/CityNm1White Oak
IRS990ScheduleI/RecipientTable/USAddress/CityNm2White Oak
IRS990ScheduleI/RecipientTable/USAddress/CityNm3White Oak
IRS990ScheduleI/RecipientTable/USAddress/CityNm4White Oak
IRS990ScheduleI/RecipientTable/USAddress/CityNm5White Oak
IRS990ScheduleI/RecipientTable/USAddress/CityNm6White Oak
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0TX
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1TX
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2TX
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3TX
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd4TX
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd5TX
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd6TX
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd075693
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd175693
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd275693
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd375693
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd475693
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd575693
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd675693
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt07
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Executive Director reviews 990 prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0770477
IRS990/TotalAssetsEOYAmt0999065
IRS990/TotalAssetsGrp/BOYAmt0770477
IRS990/TotalAssetsGrp/EOYAmt0999065
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt052082
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0433880
IRS990/TotalFunctionalExpensesGrp/TotalAmt0485962
IRS990/TotalGrossUBIAmt0-10299
IRS990/TotalLiabilitiesBOYAmt0119
IRS990/TotalLiabilitiesEOYAmt0176591
IRS990/TotalLiabilitiesGrp/BOYAmt0119
IRS990/TotalLiabilitiesGrp/EOYAmt0176591
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0770358
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0822474
IRS990/TotalProgramServiceExpensesAmt0485962
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0548377
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0538078
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0-10299
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0770477
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0999065
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0906 S WHITE OAK ROAD
IRS990/USAddress/CityNm0WHITE OAK
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd075693
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0www.cityofwhiteoak.com/edc
IRS990/WhistleblowerPolicyInd0false

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