Spearhead Corporation

Organization Overview

Spearhead Corporation, operating under the name O'loughlin Center, is located in Spearman, TX. The organization was established in 1990. According to its NTEE Classification (N31) the organization is classified as: Community Recreational Centers, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, O'loughlin Center employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. O'loughlin Center 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, O'loughlin Center generated $172.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.8%) each year. All expenses for the organization totaled $243.9k during the year ending 12/2022. 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

THE MISSION OF THE BOARD OF THE O'LOUGHLIN CENTER IS TO PROVIDE A QUALITY FACILITY AND BROAD-BASED PROGRAMMING TO SERVE ALL OF THE CITIZENS OF THE SURROUNDING AREA IN A MANNER WHICH ENHANCES THEIR QUALITY OF LIFE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SPEARHEAD CORPORATION WAS FORMED TO BUILD AND OPERATE A COMMUNITY CENTER FOR THE CITY OF SPEARMAN, TEXAS. THE COMMUNITY CENTER CONTAINS A GYM, MEETING ROOMS AND KITCHEN THAT ARE USED BY YOUTH, ADULT AND SENIOR CITIZEN GROUPS. PERSONS SERVED APPROXIMATELY 50,000 IN THE COMMUNITY AND IN EXCESS OF 1,773 DIRECT WITHIN PROGRAMS OF THE CENTER .


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Board, Officers & Key Employees

Name (title)Compensation
Keilee Goodheart
Executive Di
$51,106
Cari Beauchamp
Director
$0
Ashlyn Grotegut
Director
$0
Sammie Harkey
Director
$0
Jayli Hughes
Director
$0
Timber Lomeli
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$35,370
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$85,350
Noncash contributions included in lines 1a–1f $2,500
Total Revenue from Contributions, Gifts, Grants & Similar$120,720
Total Program Service Revenue$21,867
Investment income $6,652
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $11,562
Net Gain/Loss on Asset Sales $3,705
Net Income from Fundraising Events $7,878
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $172,384

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