Civic Intelligence

White Oak Economic Development Corporation

990 • Fiscal year 2016 • EIN 75-2664459

Oct 01, 2015 to Sep 30, 2016 • Filed on Mar 27, 2017

Organization ProfileWWW.CITYOFWHITEOAK.COM/EDC
906 S White Oak RoadWhite Oak, TX 75693

(903) 759-3936

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

88th percentile

0.61x

Higher debt load relative to assets than 88% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

98th percentile

2.36x

Higher debt load relative to revenue than 98% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2016

Net Margin

4th percentile

-27%

Higher net margin than 4% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2016

Asset Growth

8th percentile

-16%

Faster asset growth than 8% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

7th percentile

-22%

Faster revenue growth than 7% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets88th percentile

Assets

Down

$1,085,830

Down $208,284 (-16%) from 2015

Net Assets

Down

$423,856

Down $76,406 (-15%) from 2015

Liabilities

Down

$661,974

Down $131,878 (-17%) from 2015

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin4th percentile

Revenue

Down

$280,621

Down $78,209 (-22%) from 2015

Expenses

Up

$357,027

Up $297,877 (+504%) from 2015

Net Income

Down

-$76,406

Down $376,086 (-125%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth8th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

2016

Assets$1,085,830
Liabilities$661,974
Net Assets$423,856
Open 2016 Filing

Operations Trend

Revenue Growth7th percentile

Revenue, expenses, and net income across loaded years, with this 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

2016

Revenue$280,621
Expenses$357,027
Net Income-$76,406
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2015 to Sep 30, 2016
Signed
Mar 27, 2017
Return Version
2015v3.0
Gross Receipts
$280,621
Mission and Program Overview

Mission

ECONOMIC DEVELOPMENT

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments-$503,089-
Other Notes and Loans Receivable, Net$219,243$168,923▼ $50,320
Cash and Non-Interest-Bearing Accounts$592,146$135,704▼ $456,442
Land, Buildings, and Equipment, Net$93,300--
Total Assets$1,294,114$1,085,830▼ $208,284
Other Assets Total$389,425$278,114▼ $111,311
Liabilities
Mortgage Notes Payable Secured by Investment Property$792,617$660,583▼ $132,034
Accounts Payable and Accrued Expenses$1,235$1,391▲ $156
Total Liabilities$793,852$661,974▼ $131,878
Net Assets / Fund Balance
Unrestricted Net Assets$500,262$423,856▼ $76,406
Total Net Assets Fund Balance$500,262$423,856▼ $76,406
Total Liabilities and Net Assets / Fund Balance$1,294,114$1,085,830▼ $208,284

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$15,678$15,678
Other Assets Org$38,114--
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Thomas CashPresident
Gary ShaverDirector
Greg HulettDirector
James CrumpDirector
Charlie SmithExecutive Di
Dr Barbara RaySecretary
Mike GilbertTreasurer
Curtis SmithVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$6,214
Other Revenue
$274,407
Change in Net Assets
$-76,406

Audited Revenue Reconciliation

Revenue per Audited Statements
$280,621
Total Revenue per Audited Statements
$280,621
Total Revenue per Form 990
$280,621
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$308,115
Other Expenses$48,912
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs---$308,115
Interest---$28,157
Fees for Services Accounting---$7,094
Conferences and Meetings---$5,123
Fees for Services Legal---$4,103
Information Technology---$759
Office Expenses---$640
Other Expenses---$86
Total Functional Expenses$0$0$0$357,027

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$357,027
Total Expenses per Audited Statements$357,027
Total Expenses per Form 990$357,027
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Weezers Graphic DesignWhite Oak, TX-Purchase Inventory$75,000
Yumi Ice CreamDallas, TX-Leasehold Improvmnt$50,000
Sat-lite Technologies LtdLongview, TX-Building Constructio$40,000
DOUG'S PAINT & BODY INCWhite Oak, TX-New Paint Booth$24,815
3s Holdings LLCWhite Oak, TX-Renovations$15,000
Haute Goat CreameryLongview, TX-Purchase Equip$10,000
Ware Electrical ServicesWhite Oak, TX-Purchase Equip-
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
No
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

Governance Explanations

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

“Executive director reviews 990 prior to filing.”

Form 990, Page 6, Part VI, Line 19

“AVAILABLE UPON REQUEST”

Filing and Contact Details

Filer

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

Signing Officer

Name
Charlie Smith
Title
Executive Direc
Signed
2017-03-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Charlie Smith
Formed
1995
Legal Domicile
TX
Voting Board Members
7
Independent Board Members
7
Employees
0

Preparer

Firm
Karen a Jacks & Associates Pc
Address
PO BOX 3167, LONGVIEW, TX 75606-3167
Preparer
Karen a Jacks CPA
Phone
9032388822
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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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IRS990ScheduleI/RecipientTable/USAddress/ZIPCd675693
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0EXECUTIVE DIRECTOR MAINTAINS DOCUMENTATION ON CAPITAL ACQUISITIONS. EXECU TIVE DIRECTOR MONITORS EMPLOYMENT LEVELS THAT WERE CONTRACT PROVISIONS ON A QUARTERLY BASIS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990ScheduleI/TotalOtherOrgCnt07
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXECUTIVE DIRECTOR REVIEWS 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01294114
IRS990/TotalAssetsEOYAmt01085830
IRS990/TotalAssetsGrp/BOYAmt01294114
IRS990/TotalAssetsGrp/EOYAmt01085830
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0357027
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0793852
IRS990/TotalLiabilitiesEOYAmt0661974
IRS990/TotalLiabilitiesGrp/BOYAmt0793852
IRS990/TotalLiabilitiesGrp/EOYAmt0661974
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0500262
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0423856
IRS990/TotalRevenueGrp/ExclusionAmt06214
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0274407
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0280621
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01294114
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01085830
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0500262
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0423856
IRS990/USAddress/AddressLine1Txt0906 S WHITE OAK RD
IRS990/USAddress/CityNm0WHITE OAK
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd075647
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.CITYOFWHITEOAK.COM/EDC
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CHARLIE SMITH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIREC
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-03-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WHITE OAK ECONOMIC DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0WHIT
ReturnHeader/Filer/EIN0752664459
ReturnHeader/Filer/USAddress/AddressLine1Txt0906 S WHITE OAK ROAD
ReturnHeader/Filer/USAddress/CityNm0WHITE OAK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd075693
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0752886572
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KAREN A JACKS & ASSOCIATES PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 3167
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LONGVIEW
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0756063167
ReturnHeader/PreparerPersonGrp/PhoneNum09032388822
ReturnHeader/PreparerPersonGrp/PreparationDt02017-03-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KAREN A JACKS CPA
ReturnHeader/ReturnTs02017-04-18T19:48:15+00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-10-01
ReturnHeader/TaxPeriodEndDt02016-09-30
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,085,830
Liabilities
$661,974
Net assets
$423,856
Revenue
$280,621
Expenses
$357,027
Net income
-$76,406
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