Nonprofit · EIN 75-1320228
ODESSA INDUSTRIAL DEVELOPMENT FOUNDATION
Tax-exempt · ODESSA, TX 79760
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2026 | 990 | $11,722,234 | $418,758 | $11,303,476 | $32,321,051 | $31,216 | $32,289,835 |
| June 30, 2025 | 990 | $2,514,705 | $1,398,358 | $1,116,347 | $19,439,501 | $24,338 | $19,415,163 |
Financial details: 990 for the year ended June 30, 2026
Revenue
- Contributions, gifts and grants
- $1,000
- Membership dues
- $1,000
- Program service revenue
- $0
- Investment income
- $960,075
- Royalties
- $1,945
- Net rental income
- $6,367
- Net gain from sales of assets
- $364,727
- Other revenue
- $10,761,159
Expenses
- Grants and similar amounts paid
- $106,203
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $1,500
- Accounting fees
- $7,375
- Depreciation
- $164,720
- Program services (functional)
- $134,493
- Management and general (functional)
- $284,265
Balance sheet and other
- Total assets, start of year
- $19,439,501
- Total assets, end of year
- $32,321,051
- Total liabilities, end of year
- $31,216
- Net assets, end of year
- $32,289,835
- Land, buildings and equipment
- $1,187,433
- Publicly traded securities
- $11,873,533
- Net assets without donor restrictions
- $32,289,835
- Gross receipts
- $11,722,234
- Employees
- 0
- Volunteers
- 63
- Year formed
- 1966
- 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 June 30, 2026, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JIMMY COX | PRESIDENT Officer | 2 | $0 |
| ED MENDEZ | VICE PRESIDENT Officer | 2 | $0 |
| TOM MANSKEY | SECRETARY Officer | 5 | $0 |
| MATT WOOD | TREASURER Officer | 2 | $0 |
| Mike Withrow | LAND USE COMMITTEE CHAIR Officer | 2 | $0 |
| SHEM CULPEPPER | CHAIR Officer | 2 | $0 |
| KATHI VAUGHN | ECONOMIC DEVELOPMENT SPECIALIST Officer | 2 | $0 |
| RUSSELL TIPPIN | PAST PRESIDENT | – | $0 |
990 for the year ended June 30, 2025: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RENEE EARLS | PRESIDENT Officer | 2 | $0 |
| Russell Tippin | VICE PRESIDENT Officer | 2 | $0 |
| TRACY JONES | ASST. SECRETARY Officer | 5 | $0 |
| Jim Cox | SECRETARY/TREASURER Officer | 2 | $0 |
| TOM MANSKEY | ECONOMIC DEVELOPMENT DIRECTOR Officer | 2 | $0 |
| Mike Withrow | LAND USE COMMITTEE CHAIR Officer | 2 | $0 |
| SHEM CULPEPPER | CHAIR Officer | 2 | $0 |
| KATHI VAUGHN | ECONOMIC DEVELOPMENT SPECIALIST Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 3626, ODESSA, TX 79760-3626
- Principal officer (990 for 2025)
- JAMES GOATS, PO BOX 3626, ODESSA, TX 797603626
- Signed the 990
- JIMMY COX, PRESIDENT
- Phone
- (432) 333-7886
- Return prepared by
- RON KIRBY CPA
Mission
THE ACTIVITIES OF THE ORGANIZATION ARE THE DEVELOPMENT AND SALE OF REAL ESTATE ALONG WITH PROMOTING AND ENCOURAGING THE DEVELOPMENT OF INDUSTRY WITHIN THE PERMIAN BASIN.
Program accomplishments
- SELL LAND AND EASEMENTS TO BUSINESSES DEVELOPING PROPERTIES IN ODESSA INDUSTRIAL AREA
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | 990 on file |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 75-1320228
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1970
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $32,321,051
- Income (IRS master file)
- $11,722,234
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2026 | – | – | – | IRS |
| 990 | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $2,213,199 | $1,926,686 | $18,333,897 | IRS |
| 990 | June 2023 | $1,677,957 | $426,809 | $18,055,476 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about ODESSA INDUSTRIAL DEVELOPMENT FOUNDATION
- What is the EIN of ODESSA INDUSTRIAL DEVELOPMENT FOUNDATION?
- The employer identification number (EIN) of ODESSA INDUSTRIAL DEVELOPMENT FOUNDATION is 75-1320228.
- Is ODESSA INDUSTRIAL DEVELOPMENT FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1970.
- Are donations to ODESSA INDUSTRIAL DEVELOPMENT FOUNDATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ODESSA INDUSTRIAL DEVELOPMENT FOUNDATION 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 ODESSA INDUSTRIAL DEVELOPMENT FOUNDATION due?
- The return for tax year 2026 (the year ending June 30, 2027) is due November 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ODESSA INDUSTRIAL DEVELOPMENT FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2026.
- Who is the principal officer of ODESSA INDUSTRIAL DEVELOPMENT FOUNDATION?
- The 990 for the year ended June 30, 2026 names JAMES GOATS.
- Who are the officers and directors of ODESSA INDUSTRIAL DEVELOPMENT FOUNDATION?
- The 990 for the year ended June 30, 2026 lists 8 people; 0 received compensation from the organization.
- How much revenue does ODESSA INDUSTRIAL DEVELOPMENT FOUNDATION have?
- On its 990 for the year ended June 30, 2026 it reported revenue of $11,722,234, expenses of $418,758 and total assets of $32,321,051 at year end.
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