Love County Industrial Foundation Inc
- Assets
- $422.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Marietta, OK
- Founding
- 10/1976
- Data as of
- 12/2021
- EIN
- 51-0205549
Organization Overview
Love County Industrial Foundation Inc is located in Marietta, OK. The organization was established in 1976. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Love County Industrial 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 12/2021, Love County Industrial Foundation Inc generated $682.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.6%) each year. All expenses for the organization totaled $2.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.0%) per year over the past 7 years. 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
2021
Describe the Organization's Program Activity:
Part 3
MAINTAINED INDUSTRIAL FACILITIES FOR FUTURE COMMERCIAL DEVELOPMENT USE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
H Willis Choate President | 1 | $0 | |
Don Sessions Treasurer | 1 | $0 | |
Lynn Pucket Director | 1 | $0 | |
Arthur Ricketts Director | 1 | $0 | |
Rick Lane Director | 1 | $0 | |
James Moffett Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $132 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $550 |
| Total Revenue | $682 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $275 |
| Occupancy, rent, utilities, and maintenance | $1,931 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $585 |
| Total expenses | $2,791 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $89,708 |
| Other assets | $0 |
| Total assets | $422,854 |
| Total liabilities | $0 |
| Net assets or fund balances | $422,854 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Valor Texas Education Foundation Austin, TX | $20,040,325 | $11,565,701 |
Kansas State Newman Foundation Manhattan, KS | $3,619,556 | $4,925,097 |
Foundation For Tulsa Schools Tulsa, OK | $13,402,243 | $11,567,047 |
Eugene Higgins Charitable Trust Dallas, TX | $194,077,327 | $32,131,659 |
Lyndon Baines Johnson Foundation Austin, TX | $271,934,270 | $12,544,612 |
Los Alamos National Laboratory Foundation Espanola, NM | $121,206,991 | $6,734,322 |
Kidsmart Saint Louis, MO | $4,061,844 | $8,307,759 |
Northwest Foundation Inc Maryville, MO | $55,922,802 | $14,720,589 |
Canfield Family Foundation Austin, TX | $4,029,217 | $166,419 |
Rockley Family Foundation Inc Golden, CO | $1,094,070 | $6,767,758 |
Castle Rock Lifelong Learning Center Castle Rock, CO | $14,698,293 | $9,801,652 |
Osteopathic Medical Education Consortium Of Oklahoma Inc Tulsa, OK | $3,495,258 | $6,319,915 |