Civic Intelligence

Cushing Economic Developement Foundation Inc

990EZ • Fiscal year 2022 • EIN 23-7255402

Jan 01, 2022 to Dec 31, 2022 • Filed on May 10, 2023

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

51st percentile

0.01x

Higher debt load relative to assets than 51% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

58th percentile

0.02x

Higher debt load relative to revenue than 58% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Source year 2022

Net Margin

45th percentile

0.2%

Higher net margin than 45% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Source year 2022

Top Officer Pay

94th percentile

$87,000

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 72.0% of source-year revenue.

2022 filings • 501(c)6 • <$500k nonprofits • Source year 2022

Asset Growth

47th percentile

-0.9%

Faster asset growth than 47% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

43rd percentile

4.7%

Faster revenue growth than 43% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets51st percentile

Assets

Down

$374,133

Down $3,287 (-0.9%) from 2021

Net Assets

Down

$372,242

Down $3,008 (-0.8%) from 2021

Liabilities

Down

$1,891

Down $279 (-13%) from 2021

Revenue And Expenses
Liabilities / Revenue58th percentileNet Margin45th percentile

Revenue

Up

$120,846

Up $5,391 (+4.7%) from 2021

Expenses

Down

$120,638

Down $15,999 (-12%) from 2021

Net Income

Up

$208

Up $21,390 (+101%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth47th 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

2022

Assets$374,133
Liabilities$1,891
Net Assets$372,242
Open 2022 Filing

Operations Trend

Revenue Growth43rd 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

2022

Revenue$120,846
Expenses$120,638
Net Income$208
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 10, 2023
Return Version
2022v5.0
Gross Receipts
$120,846
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.-$6,417
Compensation and Service Providers
Top Officer Pay94th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
BRUCE JOHNSONExecutive DirectorFT$87,000-$87,000
JEFF LANEChairman-$0--
DERRICK GRIFFITHVice Chair-$0--
DENA FLOYDSecretary-$0--
KELLY YOUNGTreasurer-$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
Kelly Young
Title
Treasurer
Signed
2023-05-10
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.1001

“Advertising and Promotion $384”

Other Expenses.1002

“Office Expenses $90”

Other Expenses.1005

“Travel $2705”

Other Expenses.1

“MILEAGE/TELEPHONE $7489”

Other Expenses.2

“Meals & entertainment $3327”

Other Expenses.3

“Supplies & materials $2038”

Other Expenses.4

“INTERNET $1125”

Other Expenses.5

“TECHNOLOGY $525”

Other Expenses.6

“MISC. G & A $74”

Other Expenses.7

“Payroll expense other $42”

Other Assets.1005

“Accounts Receivable - Beginning $8333 Accounts Receivable - Ending $8333”

Total Liabilities.1

“PAYROLL LIABILITIES - Beginning $2170 PAYROLL LIABILITIES - Ending $1891”

Raw XML Appendix149 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/BOYAmt0299087
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0295800
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0208
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt05865
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0377420
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0374133
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GrossReceiptsAmt0120846
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt020846
IRS990EZ/LandAndBuildingsGrp/BOYAmt070000
IRS990EZ/LandAndBuildingsGrp/EOYAmt070000
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0375250
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0372242
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0375250
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0372242
IRS990EZ/OccupancyRentUtltsAndMaintAmt03438
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/CompensationAmt387000
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0JEFF LANE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1DERRICK GRIFFITH
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2DENA FLOYD
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3BRUCE JOHNSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4KELLY YOUNG
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Chairman
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE CHAIR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Secretary
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Executive Dir.
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Treasurer
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt08333
IRS990EZ/OtherAssetsTotalDetail/EOYAmt08333
IRS990EZ/OtherChangesInNetAssetsAmt0-3216
IRS990EZ/OtherExpensesTotalAmt017799
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/PrintingPublicationsPostageAmt018
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0THE FOUNDATION MAINTAINED LAND FOR SALE TO HELP FOSTER ECONOMIC GROWTH WITHIN THE CITY OF CUSHING, OKLAHOMA.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt06417
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt093518
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt02170
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt01891
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt0120638
IRS990EZ/TotalProgramServiceExpensesAmt06417
IRS990EZ/TotalRevenueAmt0120846
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CITY OF CUSHING CIA REIMB $100000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Advertising and Promotion $384
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Office Expenses $90
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Travel $2705
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MILEAGE/TELEPHONE $7489
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5MEALS & ENTERTAINMENT $3327
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6SUPPLIES & MATERIALS $2038
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7INTERNET $1125
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8TECHNOLOGY $525
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9MISC. G & A $74
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10PAYROLL EXPENSE OTHER $42
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Accounts Receivable - Beginning $8333 Accounts Receivable - Ending $8333
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12PAYROLL LIABILITIES - Beginning $2170 PAYROLL LIABILITIES - Ending $1891
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Revenue.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.1001
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Expenses.1002
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Expenses.1005
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other Expenses.2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Other Expenses.3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Other Expenses.4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Other Expenses.5
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Other Expenses.6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Other Expenses.7
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Other Assets.1005
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Total Liabilities.1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KELLY YOUNG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-05-10
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/IRSResponsiblePrtyInfoCurrInd0true
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/ReturnTs02023-05-10T14:14:07-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0KELLY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0YOUNG
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$374,133
Liabilities
$1,891
Net assets
$372,242
Revenue
$120,846
Expenses
$120,638
Net income
$208
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