Civic Intelligence

Cushing Economic Developement Foundation Inc

990EZ • Fiscal year 2020 • EIN 23-7255402

Jan 01, 2020 to Dec 31, 2020 • Filed on Jun 15, 2021

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

50th percentile

0.01x

Higher debt load relative to assets than 50% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

57th percentile

0.02x

Higher debt load relative to revenue than 57% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Source year 2020

Net Margin

70th percentile

15%

Higher net margin than 70% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Source year 2020

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.

2020 filings • 501(c)6 • <$500k nonprofits • Source year 2020

Asset Growth

54th percentile

5.2%

Faster asset growth than 54% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

55th percentile

-16%

Faster revenue growth than 55% of similar nonprofits.

2020 filings • 501(c)6 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets50th percentile

Assets

Up

$375,993

Up $18,423 (+5.2%) from 2019

Net Assets

Up

$373,982

Up $18,167 (+5.1%) from 2019

Liabilities

Up

$2,011

Up $256 (+15%) from 2019

Revenue And Expenses
Liabilities / Revenue57th percentileNet Margin70th percentile

Revenue

Down

$118,000

Down $22,818 (-16%) from 2019

Expenses

Down

$99,833

Down $23,677 (-19%) from 2019

Net Income

Up

$18,167

Up $859 (+5.0%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth54th 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

2020

Assets$375,993
Liabilities$2,011
Net Assets$373,982
Open 2020 Filing

Operations Trend

Revenue Growth55th 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

2020

Revenue$118,000
Expenses$99,833
Net Income$18,167
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jun 15, 2021
Return Version
2020v4.0
Gross Receipts
$118,000
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.$2,326-
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
2021-06-15
Discuss with paid preparer
Yes

Preparer

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

Additional Explanations

Other Revenue.1

“City of cushing cia reimb $100000”

Other Expenses.1002

“Office Expenses $70”

Other Expenses.1005

“Travel $1492”

Other Expenses.1

“TECHNOLOGY $2300”

Other Expenses.2

“MILEAGE/TELEPHONE $1725”

Other Expenses.3

“Meals & entertainment $834”

Other Expenses.4

“Supplies & materials $564”

Other Expenses.6

“MISC. G & A $55”

Other Expenses.7

“Payroll expense other $42”

Total Liabilities.1

“PAYROLL LIABILITIES - Beginning $1755 PAYROLL LIABILITIES - Ending $2011”

Raw XML Appendix139 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/BOYAmt0287570
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0305993
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/ExcessOrDeficitForYearAmt018167
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt02605
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0357570
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0375993
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GrossReceiptsAmt0118000
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt018000
IRS990EZ/LandAndBuildingsGrp/BOYAmt070000
IRS990EZ/LandAndBuildingsGrp/EOYAmt070000
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0355815
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0373982
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0355815
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0373982
IRS990EZ/OccupancyRentUtltsAndMaintAmt02301
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/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt07082
IRS990EZ/OtherRevenueTotalAmt0100000
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/PrintingPublicationsPostageAmt064
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0THE FOUNDATION MAINTAINED LAND FOR SALE TO HELP FOSTER ECONOMIC GROWTH WITHIN THE CITY OF CUSHING, OKLAHOMA.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt02326
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt087781
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt01755
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt02011
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt099833
IRS990EZ/TotalProgramServiceExpensesAmt02326
IRS990EZ/TotalRevenueAmt0118000
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CITY OF CUSHING CIA REIMB $100000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Office Expenses $70
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Travel $1492
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3TECHNOLOGY $2300
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MILEAGE/TELEPHONE $1725
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5MEALS & ENTERTAINMENT $834
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6SUPPLIES & MATERIALS $564
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7MISC. G & A $55
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8PAYROLL EXPENSE OTHER $42
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9PAYROLL LIABILITIES - Beginning $1755 PAYROLL LIABILITIES - Ending $2011
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Revenue.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.1002
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Expenses.1005
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Expenses.2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other Expenses.3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Other Expenses.4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Other Expenses.6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Other Expenses.7
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Total Liabilities.1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KOLN KNIGHT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-06-15
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/ZIPCd074023
ReturnHeader/PreparerPersonGrp/PhoneNum09182254216
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TRISHA J RIEMAN CPA
ReturnHeader/ReturnTs02021-06-15T15:01:31-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0KOLN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0KNIGHT
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$375,993
Liabilities
$2,011
Net assets
$373,982
Revenue
$118,000
Expenses
$99,833
Net income
$18,167
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