Education-Recreation Incorporated
- Assets
- $1.5m
- Revenue
- $361.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Tulsa, OK
- Founding
- 06/2015
- Data as of
- 12/2023
- EIN
- 47-2367617
Organization Overview
Education-Recreation Incorporated is located in Tulsa, OK. The organization was established in 2015. According to its NTEE Classification (N30) the organization is classified as: Physical Fitness & Community Recreational Facilities, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Education-Recreation Incorporated 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, Education-Recreation Incorporated generated $361.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $375.0k during the year ending 12/2023. While expenses have increased by 14.9% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AN ACADEMIC ENRICHMENT AND FUN FACILITY FOR INNER-CITY YOUTH THAT WILL BUILD SELF-ESTEEM, IMPROVE ACADEMICS, ATHLETIC PERFORMANCE, AND GIVE AN INTRODUCTION TO BUSINESS SKILLS THAT WILL BUILD CHARACTER AND DEVELOP SELF DISCIPLINE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO DEVELOP AND REACH UNDERPRIVILEGED YOUNG PEOPLE BETWEEN THE AGES OF 12-18 WITHIN THE TULSA COMMUNITIES. THIS PROGRAM IS DESIGNED TO BUILD SELF- ESTEEM, IMPROVE ACADEMIC PERFORMANCE THROUGH AFTER-SCHOOL TUTORING, SUMMER EDUCATIONAL AND ATHLETIC CAMPS, PERFORMING ARTS, COMPUTER LITERACY, YOUTH FINANCIAL LITERACY, COLLEGE PREP COURSES, GED TUTORIAL, AND YOUTH COUNSELING OFFERED THROUGH THE EDUCATION-RECREATION (EDU-REC) YOUTH PROJECT. THESE PROGRAMS ARE FOR YOUTH TO UTILIZE AS A TOOL TO MAKE RIGHT CHOICES AND DECISIONS, TO REMAIN SELF-SUFFICIENT, AND TO BE AN ASSET IN THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Rick Bewley Secretary/tr | OfficerTrustee | 0 | $0 |
Joyce Cooper Board Member | Trustee | 0 | $0 |
Melvin Cooper Board Presid | OfficerTrustee | 0 | $0 |
Charles Harper Executive Di | Trustee | 60 | $0 |
Damali Wilson Exec. Dir. O | Trustee | 60 | $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 | $193,811 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $193,811 |
| Total Program Service Revenue | $3,397 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $164,395 |
| 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 | $361,603 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,070 |
| Fees for services: Accounting | $5,694 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $98,478 |
| Advertising and promotion | $25,928 |
| Office expenses | $6,233 |
| Information technology | $4,992 |
| Royalties | $0 |
| Occupancy | $94,813 |
| Travel | $7,366 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10,130 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $43,377 |
| Insurance | $24,356 |
| All other expenses | $12,539 |
| Total functional expenses | $375,044 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,151 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $145 |
| Net Land, buildings, and equipment | $1,473,799 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,501,095 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $71,400 |
| 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 | $33,641 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $105,041 |
| Net assets without donor restrictions | $1,396,054 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,501,095 |