Nonprofit · EIN 75-1244634
INDUSTRIAL DEVELOPMENT CORPORATION OF IOWA PARK TEXAS INC
Tax-exempt · IOWA PARK, TX 76367
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $418,002 | $6,981 | $411,021 | $999,987 | $0 | $999,987 |
| December 31, 2023 | 990 | $24,325 | $1,965 | $22,360 | $588,966 | $0 | $588,966 |
| December 31, 2022 | 990 | $2,489 | $57,448 | -$54,959 | $566,606 | $0 | $566,606 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $418,002
- Net gain from sales of assets
- $399,334
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $2,303
- Accounting fees
- $600
Balance sheet and other
- Total assets, start of year
- $588,966
- Total assets, end of year
- $999,987
- Total liabilities, end of year
- $0
- Net assets, end of year
- $999,987
- Gross receipts
- $518,668
- Employees
- 0
- Volunteers
- 9
- Year formed
- 1964
- 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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RANDY CATLIN | PRESIDENT Trustee or director, Officer | 1 | $0 |
| KEN VIA | TREASURER Trustee or director, Officer | 1 | $0 |
| MIKE PRICE | SECRETARY Trustee or director, Officer | 1 | $0 |
| DANA ROSS | DIRECTOR Trustee or director | 1 | $0 |
| JEFF WATTS | DIRECTOR Trustee or director | 1 | $0 |
| JONATHAN CLUBB | DIRECTOR Trustee or director | 1 | $0 |
| RUTH JAMES | DIRECTOR Trustee or director | 1 | $0 |
| SHELBY WOMACK | DIRECTOR Trustee or director | 1 | $0 |
| DAVID OWEN | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RANDY CATLIN | PRESIDENT Trustee or director, Officer | 1 | $0 |
| KEN VIA | TREASURER Trustee or director, Officer | 1 | $0 |
| MIKE PRICE | SECRETARY Trustee or director, Officer | 1 | $0 |
| DANA ROSS | DIRECTOR Trustee or director | 1 | $0 |
| JEFF WATTS | DIRECTOR Trustee or director | 1 | $0 |
| JONATHON CLUBB | DIRECTOR Trustee or director | 1 | $0 |
| RUTH JAMES | DIRECTOR Trustee or director | 1 | $0 |
| SHELBY WOMACK | DIRECTOR Trustee or director | 1 | $0 |
| DAVID OWEN | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2022: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RANDY CATLIN | PRESIDENT Trustee or director, Officer | 1 | $0 |
| KEN VIA | TREASURER Trustee or director, Officer | 1 | $0 |
| MIKE PRICE | SECRETARY Trustee or director, Officer | 1 | $0 |
| DANA ROSS | DIRECTOR Trustee or director | 1 | $0 |
| JEFF WATTS | DIRECTOR Trustee or director | 1 | $0 |
| JONATHON CLUBB | DIRECTOR Trustee or director | 1 | $0 |
| RUTH JAMES | DIRECTOR Trustee or director | 1 | $0 |
| SHELBY WOMACK | DIRECTOR Trustee or director | 1 | $0 |
| DAVID OWEN | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 102 N WALL ST, IOWA PARK, TX 76367-2826
- In care of
- % TOMMY KEY
- Mailing address (990-N for 2021)
- 107 West Cash, Iowa Park TX 76367
- Principal officer (990 for 2024)
- KEN VIA, 102 N WALL ST, IOWA PARK, TX 763672826
- Principal officer (990-N for 2021)
- David Owen, 107 West Cash, Iowa Park TX 76367
- Signed the 990
- KEN VIA, TREASURER
- Phone
- (940) 592-5441
- Return prepared by
- MWH GROUP PC
Mission
TO ATTRACT INDUSTRIAL AND RETAIL DEVELOPMENT AND TO CREATE OR RETAIN JOBS WITHIN THE CITY OF IOWA PARK, TEXAS, INCLUDING RENDERING FINANCIAL AND OTHER ASSISTANCE TO THE MANUFACTORING, INDUSTRIAL, BUSINESS, AND TRADE DEVELOPMENT IN THE CITY AND VICINITY; INDUCING THE LOCATION OF NEW SUCH BUSINESSES IN IOWA PARK AND VICINITY; PURCHASING, SUBDIVIDING, SELLING AND LEASING OF REAL PROPERTY IN THE CITY OF IOWA PARK OR ITS SUBURBS NOT EXTENDING MORE THAN TWO MILES BEYOND ITS CITY LIMITS; AND TO ACCUMULATE AND LEND MONEY FOR SAID PURPOSE.
Program accomplishments
- THE ORGANIZATION HELD, MAINTAINED, AND PROMOTED SEVERAL PROPERTIES WITHIN THE CITY OF IOWA PARK READY FOR INDUSTRIAL OR RETAIL DEVELOPMENT. THEY SOLD ONE LOT TO JOALI INVESTMENTS I, LLC.Expenses $6,981 · revenue $399,334
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 | Not 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
- 75-1244634
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1968
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $999,987
- Income (IRS master file)
- $518,668
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $418,002 | $6,981 | $999,987 | XML |
| 990 | December 2023 | $24,325 | $1,965 | $588,966 | XML |
| 990 | December 2022 | $2,489 | $57,448 | $566,606 | IRS |
| 990-N for 2021 Officer: David Owen | December 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2020 Officer: David Owen | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: David Owen | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
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 75-1244634).
Questions about INDUSTRIAL DEVELOPMENT CORPORATION OF IOWA PARK TEXAS INC
- What is the EIN of INDUSTRIAL DEVELOPMENT CORPORATION OF IOWA PARK TEXAS INC?
- The employer identification number (EIN) of INDUSTRIAL DEVELOPMENT CORPORATION OF IOWA PARK TEXAS INC is 75-1244634.
- Is INDUSTRIAL DEVELOPMENT CORPORATION OF IOWA PARK TEXAS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1968.
- Are donations to INDUSTRIAL DEVELOPMENT CORPORATION OF IOWA PARK TEXAS INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does INDUSTRIAL DEVELOPMENT CORPORATION OF IOWA PARK TEXAS 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 INDUSTRIAL DEVELOPMENT CORPORATION OF IOWA PARK TEXAS INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INDUSTRIAL DEVELOPMENT CORPORATION OF IOWA PARK TEXAS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of INDUSTRIAL DEVELOPMENT CORPORATION OF IOWA PARK TEXAS INC?
- The 990 for the year ended December 31, 2024 names KEN VIA.
- Who are the officers and directors of INDUSTRIAL DEVELOPMENT CORPORATION OF IOWA PARK TEXAS INC?
- The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
- How much revenue does INDUSTRIAL DEVELOPMENT CORPORATION OF IOWA PARK TEXAS INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $418,002, expenses of $6,981 and total assets of $999,987 at year end.
Other nonprofits in IOWA PARK
- CHAPARRAL BAPTIST ASSEMBLY EIN 75-1189989 · last filed 990 for 2024
- FRIENDLY DOOR INC EIN 75-1548987 · last filed 990 for 2025
- WICHITA COUNTY FARM BUREAU EIN 75-0814257 · last filed 990-EZ for 2025
- HIGHLAND CEMETERY ASSOCIATION OF IOWA PARK TEXAS EIN 75-0742372 · last filed 990-EZ for 2024
- IOWA PARK TRAP CLUB INCORPORATED EIN 75-2153020 · last filed 990-EZ for 2025
- IOWA PARK RECREATIONAL ACTIVITIES CLUB INC EIN 75-1884989 · last filed 990 for 2024
- OPTIMIST INTERNATIONAL EIN 23-7273022 · last filed 990-EZ for 2025
- IOWA PARK BAND BOOSTERS EIN 26-0313726 · last filed 990-EZ for 2025