Odessa Economic Development Company
- Assets
- $574.7k
- Revenue
- $54.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Odessa, MO
- Founding
- 06/2009
- Data as of
- 12/2019
- EIN
- 26-3069254
Organization Overview
Odessa Economic Development Company is located in Odessa, MO. The organization was established in 2009. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Odessa Economic Development Company is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2019, Odessa Economic Development Company generated $54.7k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $14.2k during the year ending 12/2019. While expenses have increased by 2.0% per year over the past 2 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE IS TO DEVELOP COMMERCIAL PROPERTY TO ENCOURAGE RELOCATION OF BUSINESSES TO ODESSA TO PROVIDE QUALITY EMPLOYMENT OPPORTUNITIES TO ITS RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ENTITY WAS ESTABLISHED TO BE ABLE TO ATTRACT NEW BUSINESS TO ODESSA BY HAVING A READY TO LEASE BUILDING TO PROVIDE EMPLOYMENT OPPORTUNITIES TO ODESSA RESIDENTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Smith President | OfficerTrustee | 10 | $0 |
John Miller Treasurer | OfficerTrustee | 10 | $0 |
Dan Cobb Secretary | OfficerTrustee | 10 | $0 |
Brent Dowell Vice President | OfficerTrustee | 10 | $0 |
Jesse Stever Director | Trustee | 5 | $0 |
Larry Shutt Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $6,736 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $54,736 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,108 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,969 |
| Insurance | $3,073 |
| All other expenses | $0 |
| Total functional expenses | $14,150 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,611 |
| Savings and temporary cash investments | $438,422 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $574,711 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $574,711 |
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