Oklahoma Receivership Office Inc
- Assets
- $90.9m
- Revenue
- $697.7k
- Investments
- $0.0
- Employees
- 3
- Location
- Oklahoma City, OK
- Founding
- 04/2007
- Data as of
- 12/2023
- 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 12/2023, Oklahoma Receivership Office Inc employed 3 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 12/2023, Oklahoma Receivership Office Inc generated $697.7k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $617.7k during the year ending 12/2023. 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
2023
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 |
|---|---|---|---|
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 |
Donna L Wilson Estate Manager | 1 | $141,029 |
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 | $697,610 |
| Investment income | $1,811,035 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$333,242 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $697,711 |
| 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 | $300,678 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $47,300 |
| Payroll taxes | $23,411 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,757 |
| Advertising and promotion | $0 |
| Office expenses | $11,014 |
| Information technology | $34,590 |
| Royalties | $0 |
| Occupancy | $51,293 |
| Travel | $133 |
| 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 | $3,972 |
| Insurance | $74,404 |
| All other expenses | -$151,498 |
| Total functional expenses | $617,691 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $241,870 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $132,342 |
| 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 | $60,406 |
| Net Land, buildings, and equipment | $4,488 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $90,464,372 |
| Intangible assets | $0 |
| Other assets | $17,071 |
| Total assets | $90,920,549 |
| Accounts payable and accrued expenses | $51,159 |
| 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 | $90,684,714 |
| Total liabilities | $90,735,873 |
| 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 | $184,676 |
| Total liabilities and net assets/fund balances | $90,920,549 |