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.
Public Charity
ODESSA INDUSTRIAL DEVELOPMENT CORPORATION
ODESSA INDUSTRIAL DEVELOPMENT CORPORATION is a Public Charity headquartered in ODESSA, TX. Financial data from the 2026 filing: $11.7M revenue, $419K expenses, $32.3M total assets. IRS filings disclose 29 grants awarded by this foundation, totaling roughly $2.3M.
EIN: 751320228
ODESSA, TX
Latest filing: 2026
Total Revenue$11.7M
Total Expenses$419K
Total Assets$32.3M
Grants Given29
Grant Total$2.3M
Filing Years2022–2026
Where $100 goes at Odessa Industrial Development Corporation
How Odessa Industrial Development Corporation divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.
$76
Programs
the work itself
$24
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $76 for programs
$76
Sell land and easements to businesses developing properties in Odessa industrial area
Source: Form 990 filings with the IRS, latest fiscal year 2026. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Before you apply to Odessa Industrial Development Corporation
Who to contact, what to include, deadlines, typical grant size and geographic focus are available with membership.
Sample Grants Given
TEXAS TECH FOUNDATION
FURTHER ACADEMIC PURPOSES
$50,000
FURTHER ACADEMIC PURPOSES
$26,500
BUILDING
$525,000
TEXAS TECH FOUNDATION
MISC
$25,000
UNIVERSITY OF TEXAS PERMIAN BASIN
MISC
$25,000
Showing up to 5 of 29 total records — full history available with membership.
Officers & Directors
VICE PRESIDENT
Ed Mendez
PRESIDENT
Jimmy Cox
ECONOMIC DEVELOPMENT SPECIALIST
Kathi Vaughn
TREASURER
Matt Wood
PAST PRESIDENT
Russell Tippin
CHAIR
Shem Culpepper
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2026 | $11.7M | $419K | $32.3M |
| 2025 | $2.5M | $1.4M | $19.4M |
| 2024 | $2.2M | $1.9M | $18.3M |
| 2023 | $1.7M | $427K | $18.1M |
| 2022 | $-240K | $2.0M | $16.8M |
Between 2022 and 2026, reported annual revenue moved from $-240K to $11.7M, with total assets most recently reported at $32.3M.
Interactive year-over-year charts and full filing details available with membership.
Grant Geography
Grants from this foundation were reported to recipients in TX.
TX
Full geographic grant map with state-by-state breakdown available with membership.