Odessa Industrial Development Corporation
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.
Odessa Industrial Development Corporation at a glance
In short: Odessa Industrial Development Corporation gave $77K across 2 grants in 2026 (avg $38K), mostly in Texas. Source: 2026 IRS Form 990.
- Annual giving (2026)
- $76,500
- -86.7% vs 2025
- Grants made (2026)
- 2
- -33.3% vs 2025
- Average grant
- $38,250
- -80.0% vs 2025
- Median grant
- $38,250
- Total assets
- $32,321,051
- +66.3% vs 2025
- Primary geography
- Texas (100% of itemized 2026 grant dollars)
- Latest 990 filing
- Form 990, 2026 View filing
Data from IRS Form 990, 2026; updated September 2026.
Who Odessa Industrial Development Corporation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2026
The largest 2026 recipient was Texas Tech Foundation ($50K). Together the top 2 received $77K.
Grant Size Distribution
10 grants across all recorded years
The most common grant size was under $50K: 5 grants of 10 (50%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2026 grant dollars across all 2 itemized grants.
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2026, annual grant giving ranged from $54K (2023) to $1.1M (2022). In 2026 it made 2 grants totaling $77K.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Texas Tech Foundation Lubbock, TX | Further Academic Purposes | $50,000 |
| Odessa College Odessa, TX | Further Academic Purposes | $26,500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2026 | $32,321,051 | $11,722,234 | $418,758 | $76,500 | 2 | $960,075 |
| 2025 | $19,439,501 | $2,514,705 | $1,398,358 | $575,000 | 3 | $1,385,316 |
| 2024 | $18,333,897 | $2,213,199 | $1,926,686 | $112,643 | Total only | $1,263,470 |
| 2023 | $18,055,476 | $1,677,957 | $426,809 | $53,500 | Total only | $228,128 |
| 2022 | $16,813,244 | $-240,165 | $1,980,717 | $1,076,000 | 5 | $-1,818,666 |
| 2021 | $19,133,231 | $2,333,766 | $1,094,169 | $335,000 | 3 | $2,170,345 |
| 2020 | $17,108,652 | $1,884,601 | $794,546 | $86,000 | 3 | $721,471 |
"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.
About Odessa Industrial Development Corporation
Based on IRS filings
Odessa Industrial Development Corporation is a public charity, based in Odessa, TX. IRS filing data is available from 2020 through 2026. As of 2026, the organization holds $32.3M in total assets. In 2026, it awarded 2 grants totaling $77K. Net investment income was $960K.
Leadership & Key People
Officers and directors from IRS filings
Odessa Industrial Development Corporation is led by Jimmy Cox, President on the 2026 filing; none of the 8 officers listed in 2026 report compensation.
Officers on the 2026 filing
Jimmy Cox
President
New on the 2026 filing
2 hrs/week
No compensation reported
Mike Withrow
Land Use Committee Chair
On filings since 2024
2 hrs/week
No compensation reported
Shem Culpepper
Chair
On filings since 2025
2 hrs/week
No compensation reported
Russell Tippin
Past President
Vice President → Past President, 2026
On filings since 2024
No compensation reported
Kathi Vaughn
Economic Development Specialist
On filings since 2025
2 hrs/week
No compensation reported
Tom Manskey
Secretary
Economic Development Director → Secretary, 2026
On filings since 2025
5 hrs/week
No compensation reported
Ed Mendez
Vice President
New on the 2026 filing
2 hrs/week
No compensation reported
Matt Wood
Treasurer
New on the 2026 filing
2 hrs/week
No compensation reported
Former officers (11)
- Former: Tracy Jones (2020–2025) — Assistant Secretary
- Former: Jim Cox (2024–2025) — Secretary & Treasurer
- Former: Renee Earls (2025) — President
- Former: Gus Ortega (2021–2024) — Past President
- Former: Daniel J Hollmann (2024) — President
- Former: James Goates (2020–2023) — President
- Former: Jim Breaux (2020–2023) — Past President
- Former: Wesley Burnett (2020–2023) — Secretary
- Former: Drew Crutcher (2021–2023) — Land Use Committee Chair
- Former: Eddy Shelton (2021–2023) — Vice President
- Former: David Boutin (2020) — Past President
Data from IRS Form 990 filings, 2020–2026. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Odessa Industrial Development Corporation
How much does Odessa Industrial Development Corporation give each year?
Odessa Industrial Development Corporation gave $77K across 2 grants in 2026, according to its 2026 IRS Form 990. In 2025 it gave $575K across 3 grants.
How large is Odessa Industrial Development Corporation?
Odessa Industrial Development Corporation reported $32.3M in total assets on its 2026 IRS Form 990. Its revenue that year was $11.7M.
Where does Odessa Industrial Development Corporation operate?
Odessa Industrial Development Corporation has awarded grants in Texas.
What is Odessa Industrial Development Corporation's EIN?
Odessa Industrial Development Corporation's EIN (Employer Identification Number) is 75-1320228. IRS Form 990 filing data is available on this page for 2020–2026.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS August 11, 2020)
- Updated Form 990 for fiscal year 2021 (received by the IRS July 30, 2021)
- Updated Form 990 for fiscal year 2022 (received by the IRS September 30, 2022)
- Updated Form 990 for fiscal year 2025 (received by the IRS January 15, 2026)
- Added Form 990 for fiscal year 2026 (received by the IRS August 10, 2026)
- Updated Form 990 for fiscal year 2023 (received by the IRS August 1, 2023)
- Updated Form 990 for fiscal year 2024 (received by the IRS August 14, 2024)
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