Civic Intelligence

White Oak Economic Development Corporation

990 • Fiscal year 2018 • EIN 75-2664459

Oct 01, 2017 to Sep 30, 2018 • Filed on May 13, 2019

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

89th percentile

0.58x

Higher debt load relative to assets than 89% of similar nonprofits.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

97th percentile

1.12x

Higher debt load relative to revenue than 97% of similar nonprofits.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2018

Net Margin

3rd percentile

-42%

Higher net margin than 3% of similar nonprofits.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

42nd percentile

$0

Higher top officer pay than 42% of similar nonprofits.

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

2018 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2018

Asset Growth

5th percentile

-30%

Faster asset growth than 5% of similar nonprofits.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

83rd percentile

20%

Faster revenue growth than 83% of similar nonprofits.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets89th percentile

Assets

Down

$666,866

Down $284,524 (-30%) from 2017

Net Assets

Down

$280,737

Down $146,003 (-34%) from 2017

Liabilities

Down

$386,129

Down $138,521 (-26%) from 2017

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin3rd percentile

Revenue

Up

$344,900

Up $57,610 (+20%) from 2017

Expenses

Up

$490,903

Up $206,497 (+73%) from 2017

Net Income

Down

-$146,003

Down $148,887 (-5163%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth5th 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

2018

Assets$666,866
Liabilities$386,129
Net Assets$280,737
Open 2018 Filing

Operations Trend

Revenue Growth83rd 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

2018

Revenue$344,900
Expenses$490,903
Net Income-$146,003
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2017 to Sep 30, 2018
Signed
May 13, 2019
Return Version
2017v2.3
Gross Receipts
$344,900
Mission and Program Overview

Mission

ECONOMIC DEVELOPMENT

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$603,796$292,685▼ $311,111
Other Notes and Loans Receivable, Net$122,877$208,871▲ $85,994
Cash and Non-Interest-Bearing Accounts$37,617$62,459▲ $24,842
Total Assets$951,390$666,866▼ $284,524
Other Assets Total$187,100$102,851▼ $84,249
Liabilities
Mortgage Notes Payable Secured by Investment Property$523,890$382,374▼ $141,516
Accounts Payable and Accrued Expenses$760$3,755▲ $2,995
Total Liabilities$524,650$386,129▼ $138,521
Net Assets / Fund Balance
Unrestricted Net Assets$426,740$280,737▼ $146,003
Total Net Assets Fund Balance$426,740$280,737▼ $146,003
Total Liabilities and Net Assets / Fund Balance$951,390$666,866▼ $284,524

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$15,678$15,678
Other Assets Org$40,000--
Compensation and Service Providers
Top Officer Pay42nd percentile

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
$10,740
Other Revenue
$334,160
Change in Net Assets
$-146,003

Audited Revenue Reconciliation

Revenue per Audited Statements
$344,900
Total Revenue per Audited Statements
$344,900
Total Revenue per Form 990
$344,900
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$422,300
Other Expenses$68,603
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs---$422,300
Fees for Services Management---$31,719
Interest---$18,278
Conferences and Meetings---$9,917
Fees for Services Accounting---$3,200
Information Technology---$900
Office Expenses---$555
Other Expenses---$81
Advertising---$74
Total Functional Expenses$0$0$0$490,903

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$490,903
Total Expenses per Audited Statements$490,903
Total Expenses per Form 990$490,903
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Energy WeldfabWhite Oak, TXGovPurchase Equipment$155,000
White Oak Radiator Svc IncWhite Oak, TX-Expand Parking Lot$75,000
City of White OakWhite Oak, TX-Infrastructure$64,388
Anytime FitnessLongview, TX-New Facility$50,000
Well-pro ServicesWhite Oak, TX-Purchase Equipment$50,000
3 Savages LLCWhite Oak, TX-Develop Facility$20,000
City of White OakWhite Oak, TXGovCommunity Library$7,912
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
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
Phone
9037593936
Address
906 S WHITE OAK ROAD, WHITE OAK, TX 75693

Signing Officer

Name
Charlie Smith
Title
Executive Direc
Phone
9037593936
Signed
2019-05-13
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
Raw XML Appendix360 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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IRS990ScheduleI/RecipientTable/USAddress/ZIPCd575693
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd675693
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0EXECUTIVE DIRECTOR MAINTAINS DOCUMENTATION ON CAPITAL ACQUISITIONS. EXECUTIVE DIRECTOR MONITORS EMPLOYMENT LEVELS AND OTHER PERFORMANCE MEASURES THAT WERE CONTRACT PROVISIONS ON A QUARTERLY BASIS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE I, PAGE 1, PART I, LINE 2
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt05
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/TotalAssetsBOYAmt0951390
IRS990/TotalAssetsEOYAmt0666866
IRS990/TotalAssetsGrp/BOYAmt0951390
IRS990/TotalAssetsGrp/EOYAmt0666866
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt0490903
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0524650
IRS990/TotalLiabilitiesEOYAmt0386129
IRS990/TotalLiabilitiesGrp/BOYAmt0524650
IRS990/TotalLiabilitiesGrp/EOYAmt0386129
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0426740
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0280737
IRS990/TotalRevenueGrp/ExclusionAmt010740
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0334160
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0344900
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0951390
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0666866
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0426740
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0280737
IRS990/UponRequestInd0X
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/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CHARLIE SMITH
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIREC
ReturnHeader/BusinessOfficerGrp/PhoneNum09037593936
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-05-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WHITE OAK ECONOMIC DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0WHIT
ReturnHeader/Filer/EIN0752664459
ReturnHeader/Filer/PhoneNum09037593936
ReturnHeader/Filer/USAddress/AddressLine1Txt0906 S WHITE OAK ROAD
ReturnHeader/Filer/USAddress/CityNm0WHITE OAK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd075693
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0459F6C4E1F4B8401AC216B3180195F793E69F765
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0459F6C4E1F4B8401AC216B3180195F793E69F765
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0206.255.246.182
ReturnHeader/FilingSecurityInformation/IPDt02019-05-13
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm017:02:20
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/PreparationDt02019-05-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KAREN A JACKS CPA
ReturnHeader/ReturnTs02019-05-13T17:02:20-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-10-01
ReturnHeader/TaxPeriodEndDt02018-09-30
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$666,866
Liabilities
$386,129
Net assets
$280,737
Revenue
$344,900
Expenses
$490,903
Net income
-$146,003
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