Nonprofit · EIN 73-1060614
ADA INDUSTRIAL DEVELOPMENT CORPORATION
Tax-exempt · ADA, OK 74821
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| March 31, 2025 | 990 | $26,226 | $2,965 | $23,261 | $2,382,777 | $0 | $2,382,777 |
| March 31, 2024 | 990 | $1,413 | $3,020 | -$1,607 | $2,361,335 | $1,819 | $2,359,516 |
| March 31, 2023 | 990 | -$197 | $11,826 | -$12,023 | $2,361,123 | $0 | $2,361,123 |
Financial details: 990 for the year ended March 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $18,510
- Net rental income
- -$13,548
- Other revenue
- $7,716
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $2,965
- Management and general (functional)
- $2,965
Balance sheet and other
- Total assets, start of year
- $2,361,335
- Total assets, end of year
- $2,382,777
- Total liabilities, end of year
- $0
- Net assets, end of year
- $2,382,777
- Land, buildings and equipment
- $152,906
- Gross receipts
- $40,974
- Employees
- 0
- Year formed
- 1951
- State of legal domicile
- OK
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 March 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES R HAMBY | PRESIDENT Trustee or director, Officer | – | $0 |
| BILL HORNE JR | VICE PRESIDE Trustee or director, Officer | – | $0 |
| STEVE BAGWELL | TREASURER Trustee or director, Officer | – | $0 |
| JOHN LOWRY | ASSISTANT TR Trustee or director, Officer | – | $0 |
| CAROL ERVIN | SECRETARY Trustee or director, Officer | – | $0 |
| TOM CRISWELL | DIRECTOR Trustee or director | – | $0 |
| BART MCCORTNEY | DIRECTOR Trustee or director | – | $0 |
| LUCAS CLARK | DIRECTOR Trustee or director | – | $0 |
| JIMMY EPLER | DIRECTOR Trustee or director | – | $0 |
| WENDELL GODWIN | DIRECTOR Trustee or director | – | $0 |
990 for the year ended March 31, 2024: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES R HAMBY | PRESIDENT Trustee or director, Officer | – | $0 |
| BILL HORNE JR | VICE PRESIDE Trustee or director, Officer | – | $0 |
| STEVE BAGWELL | TREASURER Trustee or director, Officer | – | $0 |
| JOHN LOWRY | ASSISTANT TR Trustee or director, Officer | – | $0 |
| JAMES ELDRIDGE | SECRETARY Trustee or director, Officer | – | $0 |
| TOM CRISWELL | DIRECTOR Trustee or director | – | $0 |
| BART MCCORTNEY | DIRECTOR Trustee or director | – | $0 |
| RILEY YOUNG | DIRECTOR Trustee or director | – | $0 |
| JIMMY EPLER | DIRECTOR Trustee or director | – | $0 |
| WENDELL GODWIN | DIRECTOR Trustee or director | – | $0 |
990 for the year ended March 31, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES R HAMBY | PRESIDENT Trustee or director, Officer | – | $0 |
| BILL HORNE JR | VICE PRESIDE Trustee or director, Officer | – | $0 |
| STEVE BAGWELL | TREASURER Trustee or director, Officer | – | $0 |
| JOHN LOWRY | ASSISTANT TR Trustee or director, Officer | – | $0 |
| JAMES ELDRIDGE | SECRETARY Trustee or director, Officer | – | $0 |
| TOM CRISWELL | DIRECTOR Trustee or director | – | $0 |
| BART MCCORTNEY | DIRECTOR Trustee or director | – | $0 |
| RILEY YOUNG | DIRECTOR Trustee or director | – | $0 |
| JIMMY EPLER | DIRECTOR Trustee or director | – | $0 |
| WENDELL GODWIN | DIRECTOR Trustee or director | – | $0 |
| KEN JOHNSON | DIRECTOR Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1728, ADA, OK 74821-1728
- Principal officer (990 for 2024)
- JAMES R HAMBY
- Signed the 990
- JAMES R HAMBY, PRESIDENT
- Website
- ADAWORKS.ORG
- Return prepared by
- MORRISON & COMPANY CPA'S PC
Mission
TO ACQUIRE, HOLD AND DEVELOP LAND AND OTHER ASSETS TO BE USED TO ATTRACT INTERESTED BUSINESSES TO THIS AREA TO FURTHER ECOMOMIC DEVELOPMENT.
Program accomplishments
- THE MISSION OF THE ORGANIZATION IS TO ACQUIRE, HOLD AND DEVELOP LAND AND OTHER ASSETS TO BE USED TO ATTRACT INTERESTED BUSINESSES TO THIS AREA TO FURTHER ECONOMIC DEVELOPMENT.
- CONTRIBUTION TO CITY OF ADA TO BE USED FOR COMMUNITY DEVELOPMENT.
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in March, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | March 31, 2026 | August 17, 2026 | Not on file |
| 2024 | March 31, 2025 | August 15, 2025 | 990 on file |
| 2023 | March 31, 2024 | August 15, 2024 | 990 on file |
IRS record
- EIN
- 73-1060614
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1979
- Accounting year ends
- March
- Files
- Form 990-N (e-Postcard)
- Assets (IRS master file)
- $2,382,777
- Income (IRS master file)
- $40,974
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | March 2025 | $26,226 | $2,965 | $2,382,777 | XML |
| 990 | March 2024 | $1,413 | $3,020 | $2,361,335 | XML |
| 990 | March 2023 | -$197 | $11,826 | $2,361,123 | XML |
| 990 | March 2022 | – | – | – | IRS |
| 990 | March 2021 | – | – | – | IRS |
| 990 | March 2020 | – | – | – | IRS |
| 990 | March 2019 | – | – | – | 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 73-1060614).
Questions about ADA INDUSTRIAL DEVELOPMENT CORPORATION
- What is the EIN of ADA INDUSTRIAL DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of ADA INDUSTRIAL DEVELOPMENT CORPORATION is 73-1060614.
- Is ADA INDUSTRIAL DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1979.
- Are donations to ADA INDUSTRIAL DEVELOPMENT CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ADA INDUSTRIAL DEVELOPMENT CORPORATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of ADA INDUSTRIAL DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending March 31, 2026) is due August 17, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ADA INDUSTRIAL DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended March 2025.
- Who is the principal officer of ADA INDUSTRIAL DEVELOPMENT CORPORATION?
- The 990 for the year ended March 31, 2025 names JAMES R HAMBY.
- Who are the officers and directors of ADA INDUSTRIAL DEVELOPMENT CORPORATION?
- The 990 for the year ended March 31, 2025 lists 10 people; 0 received compensation from the organization.
- How much revenue does ADA INDUSTRIAL DEVELOPMENT CORPORATION have?
- On its 990 for the year ended March 31, 2025 it reported revenue of $26,226, expenses of $2,965 and total assets of $2,382,777 at year end.
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