Thunder Fellows Foundation
- Assets
- $2.0m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Oklahoma City, OK
- Founding
- Data as of
- 12/2023
- EIN
- 87-1046645
Organization Overview
Thunder Fellows Foundation is located in Oklahoma City, OK. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thunder Fellows Foundation 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, Thunder Fellows Foundation generated $1.7m in total revenue. All expenses for the organization totaled $202.2k during the year ending 12/2023. While expenses have increased by 12.8% per year over the past 3 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
THE THUNDER FELLOWS PROGRAM, DEVELOPED BY THE OKLAHOMA CITY THUNDER AND CREATIVE ARTS AGENCY (CAA), AIMS TO UNLOCK NEW OPPORTUNITIES IN SPORTS, ENTERTAINMENT, AND TECHNOLOGY FOR BLACK HIGH SCHOOL AND COLLEGE STUDENTS IN THE TULSA AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE THUNDER FELLOWS PROGRAM IS DEDICATED TO EMPOWERING BLACK HIGH SCHOOL AND COLLEGE STUDENTS BY PROVIDING THEM WITH ACCESS TO EDUCATION AND PROFESSIONAL DEVELOPMENT IN THE FIELDS OF SPORTS, ENTERTAINMENT, AND TECHNOLOGY. THE COMPREHENSIVE CURRICULUM IS DESIGNED TO EQUIP SCHOLARS WITH THE SKILLS AND KNOWLEDGE NECESSARY TO EXCEL IN THESE INDUSTRIES. BY DIRECTLY ADDRESSING THE UNDERREPRESENTATION OF BLACK INDIVIDUALS IN TECH FIELDS, THUNDER FELLOWS AIMS TO INCREASE THEIR PRESENCE AND INFUSE DIVERSE EXPERIENCES AND PERSPECTIVES IN DECISION-MAKING ROLES. THROUGH HANDS-ON LEARNING EXPERIENCES, MENTORSHIP, AND REAL-WORLD PROJECTS, STUDENTS GAIN A COMPETITIVE EDGE, BUILD ROBUST PROFESSIONAL NETWORKS, AND PREPARE FOR HIGH-PAYING CAREERS IN AN EVER-GROWING, STEM-CENTRIC SOCIETY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cedric Ikpo Executive Dir. | OfficerTrustee | 40 | $0 |
Sam Presti Director | OfficerTrustee | 1 | $0 |
Brian Byrnes Treasurer | Trustee | 1 | $0 |
Malachi Blankenship Director | Trustee | 1 | $0 |
Deann Cooks Director | Trustee | 1 | $0 |
Dr Tiffany Crutcher Director | Trustee | 1 | $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 | $1,712,151 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,712,151 |
| Total Program Service Revenue | $0 |
| 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 | $1,712,151 |
| 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 | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $17,069 |
| Office expenses | $2,125 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $38,674 |
| Travel | $15,870 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,562 |
| Insurance | $6,351 |
| All other expenses | $0 |
| Total functional expenses | $202,215 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,464,185 |
| 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 | $192,966 |
| Net Land, buildings, and equipment | $375,723 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,032,874 |
| Accounts payable and accrued expenses | $126,240 |
| Grants payable | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $126,240 |
| Net assets without donor restrictions | $1,906,634 |
| 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 | $2,032,874 |