Civic Intelligence

Cushing Economic Developement Foundation Inc

990EZ • Fiscal year 2018 • EIN 23-7255402

Jan 01, 2018 to Dec 31, 2018 • Filed on Apr 09, 2019

Organization ProfileN/A
PO Box 22Cushing, OK 74023

(918) 225-2400

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2018

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2018

Net Margin

96th percentile

44%

Higher net margin than 96% of similar nonprofits.

2018 filings • 501(c)6 • <$500k nonprofits • Source year 2018

Top Officer Pay

70th percentile

$0

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • 501(c)6 • <$500k nonprofits • Source year 2018

Asset Growth

51st percentile

2.4%

Faster asset growth than 51% of similar nonprofits.

2018 filings • 501(c)6 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

2nd percentile

-82%

Faster revenue growth than 2% of similar nonprofits.

2018 filings • 501(c)6 • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Up

$338,507

Up $7,886 (+2.4%) from 2017

Net Assets

Up

$338,507

Up $7,886 (+2.4%) from 2017

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin96th percentile

Revenue

Down

$17,907

Down $79,641 (-82%) from 2017

Expenses

Down

$10,021

Down $74,073 (-88%) from 2017

Net Income

Down

$7,886

Down $5,568 (-41%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth51st percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400K$300K$200K$100K$0Assets 2010: $241,489Liabilities 2010: $0Net Assets 2010: $241,4892010Assets 2016: $317,472Liabilities 2016: $305Net Assets 2016: $317,1672016Assets 2017: $330,621Liabilities 2017: $0Net Assets 2017: $330,6212017Assets 2018: $338,507Net Assets 2018: $338,5072018Assets 2019: $357,570Liabilities 2019: $1,755Net Assets 2019: $355,8152019Assets 2020: $375,993Liabilities 2020: $2,011Net Assets 2020: $373,9822020Assets 2021: $377,420Liabilities 2021: $2,170Net Assets 2021: $375,2502021Assets 2022: $374,133Liabilities 2022: $1,891Net Assets 2022: $372,2422022Assets 2023: $359,655Liabilities 2023: $1,871Net Assets 2023: $357,7842023Assets 2024: $350,509Liabilities 2024: $1,851Net Assets 2024: $348,6582024Assets 2025: $314,959Liabilities 2025: $1,838Net Assets 2025: $313,1212025

Highlighted filing

2018

Assets$338,507
Liabilities-
Net Assets$338,507
Open 2018 Filing

Operations Trend

Revenue Growth2nd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$150K$100K$50K$0-$50KExpenses 2010: $3392010Revenue 2016: $53,704Expenses 2016: $25,762Net Income 2016: $27,9422016Revenue 2017: $97,548Expenses 2017: $84,094Net Income 2017: $13,4542017Revenue 2018: $17,907Expenses 2018: $10,021Net Income 2018: $7,8862018Revenue 2019: $140,818Expenses 2019: $123,510Net Income 2019: $17,3082019Revenue 2020: $118,000Expenses 2020: $99,833Net Income 2020: $18,1672020Revenue 2021: $115,455Expenses 2021: $136,637Net Income 2021: -$21,1822021Revenue 2022: $120,846Expenses 2022: $120,638Net Income 2022: $2082022Revenue 2023: $124,829Expenses 2023: $139,287Net Income 2023: -$14,4582023Revenue 2024: $135,630Expenses 2024: $144,756Net Income 2024: -$9,1262024Revenue 2025: $111,186Expenses 2025: $146,723Net Income 2025: -$35,5372025

Highlighted filing

2018

Revenue$17,907
Expenses$10,021
Net Income$7,886
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Apr 9, 2019
Return Version
2018v3.1
Gross Receipts
$17,907
Mission and Program Overview

Mission

The purpose of the foundation is to encourage and facilitate economic development in the city of cushing, oklahoma by offering commercial land and property to prospective businesses.

Program Services

DescriptionGrantsExpenses
THE FOUNDATION MAINTAINED LAND FOR SALE TO HELP FOSTER ECONOMIC GROWTH WITHIN THE CITY OF CUSHING, OKLAHOMA.--
Compensation and Service Providers
Top Officer Pay70th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
BRENDA MAGDEBURGChairman-$0--
JEROD HELLINGVice Chair-$0--
KOLN KNIGHTTreasurer-$0--
DAVID HINKLEExecutive DirectorFT$0--
KELLY YOUNGSecretary-$0--
Filing and Contact Details

Filer

Filer Name
Cushing Economic Dev Foundation Inc
EIN
23-7255402
Phone
9182252400
Address
PO BOX 22, CUSHING, OK 74023

Signing Officer

Name
Koln Knight
Title
Treasurer
Signed
2019-04-09
Discuss with paid preparer
Yes

Preparer

Firm
Cbew Professional Group Llp - Cushing
Address
206 N HARRISON AVE, CUSHING, OK 74023-3302
Preparer
Trisha J Rieman CPA
Phone
9182254216
Supplemental Narrative

Additional Explanations

Other Expenses.1

“DONATION $500”

Other Expenses.2

“MISC EXPENSE $70”

Raw XML Appendix108 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0KOLN KNIGHT
IRS990EZ/BooksInCareOfDetail/PhoneNum09183999777
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 22
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0CUSHING
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0OK
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd074023
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0260621
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0268507
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/ExcessOrDeficitForYearAmt07886
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt01360
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form720FiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0330621
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0338507
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GrossReceiptsAmt017907
IRS990EZ/GrossReceiptsForPublicUseAmt00
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InitiationFeesAndCapContriAmt00
IRS990EZ/InvestmentIncomeAmt017907
IRS990EZ/LandAndBuildingsGrp/BOYAmt070000
IRS990EZ/LandAndBuildingsGrp/EOYAmt070000
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0330621
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0338507
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0330621
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0338507
IRS990EZ/OccupancyRentUtltsAndMaintAmt08029
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt340.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0BRENDA MAGDEBURG
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1JEROD HELLING
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2KOLN KNIGHT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3DAVID HINKLE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4KELLY YOUNG
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Chairman
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE CHAIR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Executive Dir.
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Secretary
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationFiled990TInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt0570
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0THE PURPOSE OF THE FOUNDATION IS TO ENCOURAGE AND FACILITATE ECONOMIC DEVELOPMENT IN THE CITY OF CUSHING, OKLAHOMA BY OFFERING COMMERCIAL LAND AND PROPERTY TO PROSPECTIVE BUSINESSES.
IRS990EZ/PrintingPublicationsPostageAmt062
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0THE FOUNDATION MAINTAINED LAND FOR SALE TO HELP FOSTER ECONOMIC GROWTH WITHIN THE CITY OF CUSHING, OKLAHOMA.
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt010021
IRS990EZ/TotalRevenueAmt017907
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DONATION $500
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MISC EXPENSE $70
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.2
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KOLN KNIGHT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-04-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CUSHING ECONOMIC DEV FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0CUSH
ReturnHeader/Filer/EIN0237255402
ReturnHeader/Filer/PhoneNum09182252400
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 22
ReturnHeader/Filer/USAddress/CityNm0CUSHING
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OK
ReturnHeader/Filer/USAddress/ZIPCd074023
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0730721487
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CBEW PROFESSIONAL GROUP LLP - CUSHING
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0206 N HARRISON AVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CUSHING
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0740233302
ReturnHeader/PreparerPersonGrp/PhoneNum09182254216
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TRISHA J RIEMAN CPA
ReturnHeader/ReturnTs02019-04-09T07:56:36-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$338,507
Liabilities
-
Net assets
$338,507
Revenue
$17,907
Expenses
$10,021
Net income
$7,886
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$3.15$0.02$3.13$1.11$1.47$0.36
2024Detailed filing. Detailed filing data is available for this year.$3.51$0.02$3.49$1.36$1.45$0.09
2023Detailed filing. Detailed filing data is available for this year.$3.60$0.02$3.58$1.25$1.39$0.14
2022Detailed filing. Detailed filing data is available for this year.$3.74$0.02$3.72$1.21$1.21$0.00
2021Detailed filing. Detailed filing data is available for this year.$3.77$0.02$3.75$1.15$1.37$0.21
2020Detailed filing. Detailed filing data is available for this year.$3.76$0.02$3.74$1.18$1.00$0.18
2019Detailed filing. Detailed filing data is available for this year.$3.58$0.02$3.56$1.41$1.24$0.17
2018Detailed filing. Detailed filing data is available for this year.$3.39$3.39$0.18$0.10$0.08
2017Detailed filing. Detailed filing data is available for this year.$3.31$0.00$3.31$0.98$0.84$0.13
2016Detailed filing. Detailed filing data is available for this year.$3.17$0.00$3.17$0.54$0.26$0.28
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.41$0.00$2.41$0.00