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Denison Industrial Development Company

Not tax-deductible

Denison, TX501(c)(6)Since 1959Mutual / membership EIN 75-1186381Revenue $1.3M in FY2025

On file with the IRS311 W Woodard St, 75020-3136 · Denison, TXTax-exempt since May 1965

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Promote Industrial and business Development in the city of Denison, texas

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
91¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $111K a year · 8% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
27 mo
of spending, in cash
Looks good: 26.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$3.9M
36% of total assets
Looks good: liabilities are 36% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.3M
+15% vs prior year
Spent
$1.2M
To programs
91%
Net assets
$7.1M
By yearFY2020–FY2025
Revenue
$1.3M
FY2025▲ +15%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.3M
FY2021$1.4M
FY2022$1.7M
FY2023$1.2M
FY2024$1.1M
FY2025$1.3M
Expenses
$1.2M
FY2025▲ +16%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.0M
FY2021$1.3M
FY2022$1.5M
FY2023$1.1M
FY2024$1.0M
FY2025$1.2M
Net assets
$7.1M
FY2025▲ +0.6%
Tap a bar for its year
Net assets by fiscal year
FY2020$6.6M
FY2021$6.7M
FY2022$6.9M
FY2023$7.0M
FY2024$7.0M
FY2025$7.1M

From the FY2025 Form 990 (year ending September 2025) · figures checked against the IRS filing · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1965.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $1.1M Management & general 9% · $106K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
Dr Chad Cruce
Vice Chairma
$0Pt VII · Sec A
Mac Miles
Secretary
$0Pt VII · Sec A
Dr Molly Harris
Past Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Deeann Abner
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Adam Doty
Director
$0Pt VII · Sec A
See Denison Industrial Development Company executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Boosts Denison, Texas's industrial and business growth.

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Provided by the organization

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1 program · $1.1M · in their own filed words · FY2024
01

Promote industrial and business development in the city of denison, texas

$1.1Mprogram expense

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.3M
Ln 12
Fees for servicesLn 2g$1.0M
Investment incomeLn 3$140K
Gifts and grantsLn 1h$112K
Money outPt IX
$1.2M
Ln 25
Programscol B$1.1M
Managementcol C$106K
Owns and owesPt X
$7.1M
net assets · Ln 32
Cash and savingsLn 1–2$2.7M
Total assetsLn 16$11.0M
LiabilitiesLn 26$3.9M
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$112K
Fees for servicesLn 2g$1.0M
Investment incomeLn 3$140K
Total revenueLn 12$1.3M
Assets in detailPt X, end of year
CashLn 1$84K
SavingsLn 2$2.6M
Cash and savings togetherLn 1–2$2.7M
Land, buildings, equipmentLn 10c$8.0M
Total assetsLn 16$11.0M
LiabilitiesLn 26$3.9M
Net assetsLn 32$7.1M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$4.6M$2.7M
Land, buildings, equipmentLn 10c$8.4M$8.0M
Total assetsLn 16$13.2M$11.0M
LiabilitiesLn 26$6.2M$3.9M
Net assetsLn 32$7.0M$7.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$74K$74K
Legal feesLn 11b$9K$9K
Accounting feesLn 11c$7K$7K
OccupancyLn 16$303K$303K
InterestLn 20$284K$284K
Depreciation, depletion and amortizationLn 22$137K$137K
InsuranceLn 23$81K$79K$1K
Other expenses (24a–d)Ln 24$315K$301K$14K
Total functional expensesLn 25$1.2M$1.1M$106K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $1.3M$1.2M$42K$7.1M 990 PDF
FY2024 $1.1M$1.0M$46K$7.0M 990 PDF
FY2023 $1.2M$1.1M$70K$7.0M 990 PDF
FY2022 $1.7M$1.5M$171K$6.9M 990 PDF
FY2021 $1.4M$1.3M$88K$6.7M 990 PDF
FY2020 $1.3M$1.0M$247K$6.6M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $1,253,473 revenue, 12 lines filed
I-8 Contributions and grants$111,700
I-9 Program service revenuePrior year $897,805$1,002,232
I-10 Investment incomePrior year $193,006$139,541
I-11 Other revenue$0
I-12 Total revenuePrior year $1,090,811$1,253,473
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,044,501$1,210,974
I-18 Total expensesPrior year $1,044,501$1,210,974
I-19 Revenue less expensesPrior year $46,310$42,499
Part VI · Governance 12 of 12 board members independent, 4 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $1,253,473 across 5 lines filed
VIII-1f All other contributions, gifts and grants$111,700
VIII-1h Total contributions, gifts and grants$111,700
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,002,232$1,002,232
VIII-3 Investment incomeRelated to mission $139,541$139,541
VIII-12 Total revenueRelated to mission $1,141,773$1,253,473
Part IX · Statement of functional expenses $1,210,974 across 8 lines filed
IX-11a Management feesManagement $74,388$74,388
IX-11b Legal feesManagement $9,019$9,019
IX-11c Accounting feesManagement $7,150$7,150
IX-16 OccupancyPrograms $303,091$303,091
IX-20 InterestPrograms $284,181$284,181
IX-22 Depreciation, depletion and amortizationPrograms $137,084$137,084
IX-23 InsurancePrograms $79,282 · Management $1,383$80,665
IX-24 Other expenses (24a–d)Programs $301,386 · Management $14,010$315,396
IX-25 Total functional expensesPrograms $1,105,024 · Management $105,950 · Fundraising $0$1,210,974
Part X · Balance sheet $10,951,233 assets, 12 lines filed
Asset lines not itemized here account for $156,057; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $79,700$83,896
X-2 Savings and temporary cash investmentsStart of year $4,511,192$2,629,799
X-4 Accounts receivableStart of year $1,335$1,148
X-9 Prepaid expenses and deferred chargesStart of year $62,913$62,913
X-10c Land, buildings and equipment, netStart of year $8,430,067$8,017,420
X-16 Total assetsStart of year $13,247,658$10,951,233
X-17 Accounts payable and accrued expensesStart of year $285,331$285,331
X-25 Other liabilitiesStart of year $8,300$8,300
X-26 Total liabilitiesStart of year $6,238,387$3,899,463
X-27 Net assets without donor restrictionsStart of year $7,009,271$7,051,770
X-32 Total net assets or fund balancesStart of year $7,009,271$7,051,770
X-33 Total liabilities and net assetsStart of year $13,247,658$10,951,233
Part XI · Reconciliation of net assets $7,051,770 net assets at year end
XI-1 Total revenue$1,253,473
XI-2 Total expenses$1,210,974
XI-3 Revenue less expenses$42,499
XI-4 Net assets at start of year$7,009,271
XI-10 Net assets at end of year$7,051,770

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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