Nonprofit · EIN 31-1740857
THE IDEAL COMMUNITY ECONOMIC AND EDUCATION DEVELOPMENT INC
Tax-exempt · MIDLAND, TX 79701
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $61,289 | $34,115 | $27,174 | $26,318 | $0 | $26,318 |
| December 31, 2024 | 990 | $70,886 | $76,915 | -$6,029 | -$856 | $0 | -$856 |
| December 31, 2023 | 990 | $109,844 | $77,414 | $32,430 | $879,776 | $392,419 | $487,357 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $16,205
- Program service revenue
- $42,710
- Investment income
- $0
- Other revenue
- $2,374
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $950
- Occupancy
- $3,049
- Program services (functional)
- $34,115
Balance sheet and other
- Total assets, start of year
- -$856
- Total assets, end of year
- $26,318
- Total liabilities, end of year
- $0
- Net assets, end of year
- $26,318
- Land, buildings and equipment
- -$856
- Net assets with donor restrictions
- $26,318
- Gross receipts
- $61,289
- Employees
- 0
- Year formed
- 2000
- State of legal domicile
- TX
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROY NELSON | TRUSTEE Trustee or director | 0 | $0 |
| ROSIE GRANSBERRY | TRUSTEE Trustee or director | 0 | $0 |
| GEORGE BELL | PRESIDENT Officer | 8 | $0 |
| VELMA JACKSON | VICE PRESIDENTFINANCIAL SECRETARY Officer | 20 | $0 |
| ROSALIND PERKINS | SECRETARY Officer | 0 | $0 |
| HELEN PRICE | TREASURER Officer | 0 | $0 |
990 for the year ended December 31, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROY NELSON | TRUSTEE Trustee or director | 0 | $0 |
| ROSIE GRANSBERRY | TRUSTEE Trustee or director | 0 | $0 |
| GEORGE BELL | PRESIDENT Officer | 10 | $0 |
| VELMA JACKSON | VICE PRESIDENTFINANCIAL SECRETARY Officer | 20 | $0 |
| ROSALIND PERKINS | SECRETARY Officer | 1 | $0 |
| HELEN PRICE | TREASURER Officer | 0 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROY NELSON | TRUSTEE Trustee or director | 0 | $0 |
| ROSIE GRANSBERRY | TRUSTEE Trustee or director | 0 | $0 |
| HELEN PRICE | TREASURER Officer | 0 | $0 |
| GEORGE BELL | PRESIDENT Officer | 4 | $0 |
| VELMA JACKSON | VICE PRESIDENTFINANCIAL SECR Officer | 20 | $0 |
| ROSALIND PERKINS | SECRETARY Officer | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 301 S TYLER ST, MIDLAND, TX 79701-7562
- In care of
- % GEORGE BELL
- Signed the 990
- GEORGE BELL, PRESIDENT
- Phone
- (432) 683-0838
- Return prepared by
- Rayos Insurance & Income Tax Servic
Mission
Provide affordable rental space for small businesses and affordable housing for low income families.
Program accomplishments
- Provided buildings for a barber shop, child care center, and ice cream parlor. Provided building spaces for a dance studio, sandwich shop, beauty shop,a party rental business, and a food outreach ministry. Paid property insurance and maintained property grounds.Expenses $30,881
- Property Taxes, Professional Fees, and Office expensesExpenses $1,739
- Provided low rent housing for six families. Paid property Insurance. Maintained grounds on two.Expenses $1,495
- OCCUPANCY
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 31-1740857
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2001
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P33)
- Assets (IRS master file)
- $26,318
- Income (IRS master file)
- $61,289
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $61,289 | $34,115 | $26,318 | IRS |
| 990 | December 2024 | $70,886 | $76,915 | -$856 | IRS |
| 990 | December 2023 | $109,844 | $77,414 | $879,776 | XML |
| 990 | December 2022 | $90,625 | $102,665 | $835,871 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 31-1740857).
Questions about THE IDEAL COMMUNITY ECONOMIC AND EDUCATION DEVELOPMENT INC
- What is the EIN of THE IDEAL COMMUNITY ECONOMIC AND EDUCATION DEVELOPMENT INC?
- The employer identification number (EIN) of THE IDEAL COMMUNITY ECONOMIC AND EDUCATION DEVELOPMENT INC is 31-1740857.
- Is THE IDEAL COMMUNITY ECONOMIC AND EDUCATION DEVELOPMENT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to THE IDEAL COMMUNITY ECONOMIC AND EDUCATION DEVELOPMENT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE IDEAL COMMUNITY ECONOMIC AND EDUCATION DEVELOPMENT INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of THE IDEAL COMMUNITY ECONOMIC AND EDUCATION DEVELOPMENT INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE IDEAL COMMUNITY ECONOMIC AND EDUCATION DEVELOPMENT INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who are the officers and directors of THE IDEAL COMMUNITY ECONOMIC AND EDUCATION DEVELOPMENT INC?
- The 990 for the year ended December 31, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does THE IDEAL COMMUNITY ECONOMIC AND EDUCATION DEVELOPMENT INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $61,289, expenses of $34,115 and total assets of $26,318 at year end.
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