Cushing Economic Developement Foundation Inc
- Assets
- $353.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Cushing, OK
- Founding
- 02/1973
- Data as of
- 12/2023
- EIN
- 23-7255402
Organization Overview
Cushing Economic Developement Foundation Inc is located in Cushing, OK. The organization was established in 1973. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cushing Economic Developement Foundation Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Cushing Economic Developement Foundation Inc generated $124.8k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $145.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE FOUNDATION MAINTAINED LAND FOR SALE TO HELP FOSTER ECONOMIC GROWTH WITHIN THE CITY OF CUSHING, OKLAHOMA.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jack Forsyth Chairman | 0 | $0 | |
Matt Turner Vice Chair | 0 | $0 | |
Dena Floyd Secretary | 0 | $0 | |
Bruce Johnson Executive Dir. | 40 | $103,000 | |
Kelly Young Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $24,806 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $100,000 |
| Total Revenue | $124,806 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $110,999 |
| Professional fees and other payments to independent contractors | $1,951 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $32,390 |
| Total expenses | $145,340 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $264,340 |
| Other assets | $0 |
| Total assets | $353,579 |
| Total liabilities | $1,871 |
| Net assets or fund balances | $351,708 |