Civic Intelligence

Lamesa Industrial Foundation Inc

EIN 75-6049424 • 501(c)6 • Lamesa, TX

990-N Coverage

Profile

Economic development foundation

P O Box 500Lamesa, TX 79331

n/A

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2016

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2016

Net Margin

1st percentile

-18131%

Higher net margin than 1% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2016

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

7th percentile

-100%

Faster asset growth than 7% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2013 to 2016

Revenue Growth

8th percentile

-63%

Faster revenue growth than 8% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2013 to 2016

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$0

Down $75,123 (-100%) from 2013

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

$0

No earlier filing loaded for comparison.

Operations
Liabilities / RevenueScore unavailableNet Margin1st percentile

Revenue

Down

$396

Down $7,355 (-95%) from 2013

Expenses

Up

$72,193

Up $68,768 (+2008%) from 2013

Net Income

Down

-$71,797

Down $76,123 (-1760%) from 2013

Trend Graphs

Balance Sheet Trend

Asset Growth7th percentile

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

$80K$60K$40K$20K$0Assets 2010: $51,908Liabilities 2010: $02010Assets 2013: $75,123Liabilities 2013: $02013Assets 2016: $0Net Assets 2016: $02016

Highlighted filing

2016

Assets$0
Liabilities-
Net Assets$0
Open 2016 Filing

Operations Trend

Revenue Growth8th percentile

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

$100K$50K$0-$50K-$100KRevenue 2010: $839Expenses 2010: $2,698Net Income 2010: -$1,8592010Revenue 2013: $7,751Expenses 2013: $3,425Net Income 2013: $4,3262013Revenue 2016: $396Expenses 2016: $72,193Net Income 2016: -$71,7972016

Highlighted filing

2016

Revenue$396
Expenses$72,193
Net Income-$71,797
Open 2016 Filing

Filings

Most recent year

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

Open filing
Assets
$0
Liabilities
-
Net assets
$0
Revenue
$396
Expenses
$72,193
Net income
-$71,797
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2016Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.40$72.2$71.8
2013Summary only. Only limited summary data is available for this year.$75.1$0.00$7.75$3.43$4.33
2010Summary only. Only limited summary data is available for this year.$51.9$0.00$0.84$2.70$1.86
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Feb 9, 2017
Return Version
2016v3.0
Gross Receipts
$396
Mission and Program Overview

Mission

Economic development foundation

Program Services

DescriptionGrantsExpenses
THE PURPOSES OF THE FOUNDATION HAS BEEN ACHEIVED. THE FOUNDATION HAD CASH LEFT OF $ 71,952.36 AND THIS IS BEING PAID OVER TO DAWSON COUNTY HOSPITAL DISTRICT IN ACCORDANCE OF ARTICLE 1 5 (d) OF THE LAMESA INDUSTRIAL FOUNDATION INC.THE CASH IS THE ONLY ASSET LEFT OF THE LAMESA INDUSTRIAL FOUNDATION INC.-$71,992
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
JIM NORRISPresident-$0--
SE STEPHENSTreasurer-$0--
Filing and Contact Details

Filer

Filer Name
Lamesa Industrial Foundation Inc
EIN
75-6049424
Phone
8068723030
Address
P O BOX 500, LAMESA, TX 79331

Signing Officer

Name
Jim Norris
Title
President
Signed
2017-02-09
Discuss with paid preparer
Yes

Preparer

Firm
Stephens Stephens & Telchik PC
Address
PO BOX 500 212 S Houston Avenue, Lamesa, TX 79331-0500
Preparer
Shirley E Stephens CPA
Phone
8068723030
Supplemental Narrative

Additional Explanations

Payments to Affiliates.1

“Name: DAWSON COUNTY HOSPITAL DIST. | Address: 2200 NORTH BRYAN AVENUE LAMESA, TX 79331 | Purpose of payment: TO TERMINATE THE CORPORATION | Amount: $71992”

Other Expenses.1

“DUES & PUBLICATIONS $187”

Other Expenses.2

“Cd charge for early wd $14”

Raw XML Appendix115 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
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0SESTEPHENS CPA
IRS990EZ/BooksInCareOfDetail/PhoneNum08068723030
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 500
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0LAMESA
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TX
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd0793310500
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt071797
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-71797
IRS990EZ/FinalReturnInd0X
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form720FiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt071797
IRS990EZ/Form990TotalAssetsGrp/EOYAmt00
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GrantsAndSimilarAmountsPaidAmt071992
IRS990EZ/GrossReceiptsAmt0396
IRS990EZ/GrossReceiptsForPublicUseAmt00
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InitiationFeesAndCapContriAmt00
IRS990EZ/InvestmentIncomeAmt0243
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt071797
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt071797
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0JIM NORRIS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1SE STEPHENS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Treasurer
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0true
IRS990EZ/OrganizationFiled990TInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt0201
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0ECONOMIC DEVELOPMENT FOUNDATION
IRS990EZ/ProgramServiceRevenueAmt0153
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0THE PURPOSES OF THE FOUNDATION HAS BEEN ACHEIVED. THE FOUNDATION HAD CASH LEFT OF $ 71,952.36 AND THIS IS BEING PAID OVER TO DAWSON COUNTY HOSPITAL DISTRICT IN ACCORDANCE OF ARTICLE 1 5 (d) OF THE LAMESA INDUSTRIAL FOUNDATION INC.THE CASH IS THE ONLY ASSET LEFT OF THE LAMESA INDUSTRIAL FOUNDATION INC.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt071992
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt072193
IRS990EZ/TotalRevenueAmt0396
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleN/AssetsDistributedInd0true
IRS990ScheduleN/AttorneyGeneralNotifiedInd0false
IRS990ScheduleN/BondLiabilitiesDischargedInd0false
IRS990ScheduleN/BondsOutstandingInd0false
IRS990ScheduleN/DirectorOfSuccessorInd0false
IRS990ScheduleN/EmployeeOfSuccessorInd0false
IRS990ScheduleN/LiabilitiesPaidInd0true
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0CASH
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02016-11-02
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN0432080293
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt071992
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt0501 C (3)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0CASH
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt02200 BRYAN AVENUE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0LAMESA
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd0TX
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd079331
IRS990ScheduleN/OwnerOfSuccessorInd0false
IRS990ScheduleN/ReceiveCompensationInd0false
IRS990ScheduleN/RequiredToNotifyAGInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Name: DAWSON COUNTY HOSPITAL DIST. | Address: 2200 NORTH BRYAN AVENUE LAMESA, TX 79331 | Purpose of payment: TO TERMINATE THE CORPORATION | Amount: $71992
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DUES & PUBLICATIONS $187
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CD CHARGE FOR EARLY WD $14
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Payments to Affiliates.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Expenses.2
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JIM NORRIS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-02-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0LAMESA INDUSTRIAL FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0LAME
ReturnHeader/Filer/EIN0756049424
ReturnHeader/Filer/PhoneNum08068723030
ReturnHeader/Filer/USAddress/AddressLine1Txt0P O BOX 500
ReturnHeader/Filer/USAddress/CityNm0LAMESA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd079331
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Stephens Stephens & Telchik PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 500 212 S Houston Avenue
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Lamesa
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0793310500
ReturnHeader/PreparerPersonGrp/PhoneNum08068723030
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SHIRLEY E STEPHENS CPA
ReturnHeader/ReturnTs02017-02-09T13:51:39-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

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