Southwest Intermediary Finance Team Inc

Organization Overview

Southwest Intermediary Finance Team Inc is located in Weatherford, OK. The organization was established in 2014. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Southwest Intermediary Finance Team 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 12/2022, Southwest Intermediary Finance Team Inc generated $3.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 72.1% each year . All expenses for the organization totaled $323.6k during the year ending 12/2022. While expenses have increased by 38.5% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO HELP DEVELOP A DIVERSE ECONOMY THAT BOLSTERS BUSINESS START-UP AND RETENTION WHILE INCREASING EMPLOYMENT OPPORTUNITIES IN RURAL OKLAHOMA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

LOAN ADVANCES


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Board, Officers & Key Employees

Name (title)Compensation
Marvin Hankins
Member
$0
Beverly Ball
Vice Chair
$0
Randy Beutler
Chairman
$0
Andrew Carruth
Member
$0
Tom Fagan
Member
$0
Dennis Krueger
Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $2,997,154
All other contributions, gifts, grants, and similar amounts not included above$60,600
Noncash contributions included in lines 1a–1f $60,000
Total Revenue from Contributions, Gifts, Grants & Similar$3,057,754
Total Program Service Revenue$197,392
Investment income $0
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 $3,255,146

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