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 2025 filing: $2.5M revenue, $1.4M expenses, $19.4M total assets. IRS filings disclose 27 grants awarded by this foundation, totaling roughly $2.2M.
EIN: 751320228
ODESSA, TX
Latest filing: 2025
Total Revenue$2.5M
Total Expenses$1.4M
Total Assets$19.4M
Grants Given27
Grant Total$2.2M
Filing Years2021–2025
Sample Grants Given
BUILDING
$525,000
TEXAS TECH FOUNDATION
MISC
$25,000
UNIVERSITY OF TEXAS PERMIAN BASIN
MISC
$25,000
SCHOLARSHIPS
$526,000
BUILDING
$400,000
Showing up to 5 of 27 total records — full history available with membership.
Officers & Directors
SECRETARY/TREASURER
Jim Cox
ECONOMIC DEVELOPMENT SPECIALIST
Kathi Vaughn
PRESIDENT
Renee Earls
VICE PRESIDENT
Russell Tippin
CHAIR
Shem Culpepper
ECONOMIC DEVELOPMENT DIRECTOR
Tom Manskey
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 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 |
| 2021 | $2.3M | $1.1M | $19.1M |
Between 2021 and 2025, reported annual revenue grew from $2.3M to $2.5M (+8%), with total assets most recently reported at $19.4M.
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.