Oklahoma Receivership Office Inc
- Assets
- $67.4m
- Revenue
- $549.9k
- Investments
- $0.0
- Employees
- 4
- Location
- Oklahoma City, OK
- Founding
- 04/2007
- Data as of
- 12/2021
- EIN
- 20-5859907
Organization Overview
Oklahoma Receivership Office Inc is located in Oklahoma City, OK. The organization was established in 2007. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 12/2021, Oklahoma Receivership Office Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oklahoma Receivership Office Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Oklahoma Receivership Office Inc generated $549.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $581.0k during the year ending 12/2021. While expenses have increased by 2.3% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OKLAHOMA RECEIVERSHIP OFFICE, INC. IS AN OKLAHOMA NOT-FOR-PROFIT CORPORATION ORGANIZED TO ASSIST THE COMMISSIONER FOR THE OKLAHOMA INSURANCE DEPARTMENT IN THE RECEIVERSHIP OF INSURANCE COMPANIES DOMICILED WITHIN THE STATE OF OKLAHOMA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OKLAHOMA RECEIVERSHIP OFFICE, INC. IS AN OKLAHOMA NOT-FOR-PROFIT CORPORATION ORGANIZED TO ASSIST THE COMMISSIONER FOR THE OKLAHOMA INSURANCE DEPARTMENT IN THE RECEIVERSHIP OF INSURANCE COMPANIES DOMICILED WITHIN THE STATE OF OKLAHOMA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donna L Wilson Estate Manager | 1 | $109,196 | |
Glen Mulready President | OfficerTrustee | 1 | $0 |
Brian Downs Vice President | Officer | 1 | $0 |
Andrew Schallhorn Vice President | Officer | 1 | $0 |
Michael Rhodes Vice President | Officer | 1 | $0 |
Kim Hunter Fka Kim Bailey Secretary | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $549,879 |
| Investment income | $1,009,694 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,644 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $549,929 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $260,953 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $38,447 |
| Payroll taxes | $21,013 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $620 |
| Fees for services: Accounting | $17,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,383 |
| Advertising and promotion | $0 |
| Office expenses | $4,667 |
| Information technology | $60,465 |
| Royalties | $0 |
| Occupancy | $42,831 |
| Travel | $17 |
| 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 | $4,629 |
| Insurance | $73,020 |
| All other expenses | -$147,328 |
| Total functional expenses | $581,017 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $377,055 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,581 |
| 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 | $60,924 |
| Net Land, buildings, and equipment | $8,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $66,956,030 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $67,422,590 |
| Accounts payable and accrued expenses | $6,638 |
| 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 | $67,350,514 |
| Total liabilities | $67,357,152 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $65,438 |
| Total liabilities and net assets/fund balances | $67,422,590 |
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