Odessa Industrial Development Corporation

Grow Odessa

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 751320228 ✦ Odessa, TX ✦ Designated as a 501(c)(6)

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Overview

What is Odessa Industrial Development Corporation?

Odessa Industrial Development Corporation, operating under the name "Grow Odessa," is a nonprofit organization based in Odessa, Texas. Their primary mission is to foster the growth and development of industry within the Permian Basin region. They accomplish this by selling land and easements to businesses constructing properties in the Odessa Industrial Area. This organization is committed to promoting and encouraging industrial development, contributing to the economic growth and prosperity of Odessa.

Is Odessa Industrial Development Corporation legitimate?

Odessa Industrial Development Corporation is a legitimate nonprofit organization registered as a 501(c)(6) entity. Odessa Industrial Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Odessa Industrial Development Corporation?

The Odessa Industrial Development Corporation's primary focus is on advancing the development of industries within its operational area. This is achieved through the sale of real estate and actively promoting and encouraging business growth. The organization's activities extend beyond real estate transactions, as it also seeks to attract and support businesses looking to establish operations within its designated industrial area. By facilitating the development of industries, the Odessa Industrial Development Corporation aims to contribute positively to the local economy and create opportunities for business growth.

Who is the CEO of Odessa Industrial Development Corporation?

James Goats is the Principal Officer of Odessa Industrial Development Corporation.

What is the revenue of Odessa Industrial Development Corporation?

Odessa Industrial Development Corporation's revenue in 2023 was $1,677,957.

Who are the executives of Odessa Industrial Development Corporation and what are their salaries?

There 63 volunteers at Odessa Industrial Development Corporation.


Here are 7 key members and their salaries:


Dr James Goates (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eddy Shelton (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tracy Jones (Asst. Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wesley Burnett (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Breaux (Past President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gus Ortega (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Drew Crutcher (Land Use Committee Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Odessa Industrial Development Corporation?

Odessa Industrial Development Corporation's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Odessa Industrial Development Corporation

Odessa Industrial Development Corporation is an organization dedicated to driving the development and growth of industries within its sphere. To achieve this, the corporation engages in two primary activities: the sale of real estate and the promotion and encouragement of industrial development. By offering land and easements for businesses looking to establish properties within the Odessa Industrial Area, the corporation serves as a catalyst for industrial growth. By actively promoting and encouraging the development of industries, Odessa Industrial Development Corporation plays a critical role in fostering economic development and job creation within its jurisdiction.

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Impact




October, 2024

Odessa Industrial Development Corporation plays a crucial role in fostering economic growth in the Permian Basin by facilitating the development and sale of real estate. By providing land and easements specifically to businesses looking to establish themselves in the Odessa industrial area, the organization significantly enhances the region's industrial landscape. This targeted support not only attracts new industries but also encourages existing businesses to expand, leading to job creation and increased economic activity.

The Corporation's initiatives contribute to community improvement by promoting a favorable environment for industry, which in turn supports local infrastructure, services, and overall quality of life. Through its efforts, Odessa is positioned as a competitive location for business investment, driving sustainable economic development and benefiting residents and stakeholders alike.




This information is meant to be a general summary of Odessa Industrial Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$1,677,957 (2023)
Expenses
$426,809 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $228,128
  • Gross Receipts: $1,556,984

Assets and Liabilities:

  • Total Assets: $18,055,476
  • Total Liabilities: $43,173
  • Net Assets: $18,012,303

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Organization Details

Founding Year

1966

Principal Officer

James Goats

Main Address

PO BOX 3626, ODESSA, TX, 797603626

NTEE Category

Code: S47 - Community improvement

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