Liabilities / Assets
51st percentile
Higher debt load relative to assets than 51% of similar nonprofits.
Cushing Economic Developement Foundation Inc
990EZ • Fiscal year 2024 • EIN 23-7255402
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.01x
Liabilities / Revenue
57th percentile
Higher debt load relative to revenue than 57% of similar nonprofits.
Net Margin
31st percentile
Higher net margin than 31% of similar nonprofits.
Top Officer Pay
94th percentile
Higher top officer pay than 94% of similar nonprofits.
Top officer pay equals 64.1% of source-year revenue.
Asset Growth
41st percentile
Faster asset growth than 41% of similar nonprofits.
Revenue Growth
60th percentile
Faster revenue growth than 60% of similar nonprofits.
Balance Sheet
Assets
Down$350,509
Down $9,146 (-2.5%) from 2023
Net Assets
Down$348,658
Down $9,126 (-2.6%) from 2023
Liabilities
Down$1,851
Down $20 (-1.1%) from 2023
Revenue And Expenses
Revenue
Up$135,630
Up $10,801 (+8.7%) from 2023
Expenses
Up$144,756
Up $5,469 (+3.9%) from 2023
Net Income
Up-$9,126
Up $5,332 (+37%) from 2023
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- Jun 26, 2025
- Return Version
- 2024v5.2
- Gross Receipts
- $135,630
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
| Description | Grants | Expenses |
|---|---|---|
| THE FOUNDATION MAINTAINED LAND FOR SALE TO HELP FOSTER ECONOMIC GROWTH WITHIN THE CITY OF CUSHING, OKLAHOMA. | - | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| BRUCE JOHNSON | Executive Director | FT | $87,000 | - | $87,000 |
| CURTIS BLAKE | Chairman | - | $0 | - | - |
| MATT TURNER | Vice Chair | - | $0 | - | - |
| MELISSA AMON | Secretary | - | $0 | - | - |
| KELLY YOUNG | Treasurer | - | $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
- 2025-06-26
- 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 Expenses.1002
“Office Expenses $4994”
Other Expenses.1005
“Travel $2609”
Other Expenses.1009
“Depreciation $1313”
Other Expenses.1012
“Insurance $1411”
Other Expenses.1
“Meals & entertainment $15858”
Other Expenses.2
“MILEAGE/TELEPHONE $15080”
Other Expenses.3
“PROPERTY TAX $1890”
Other Expenses.4
“INTERNET $1500”
Other Expenses.5
“TECHNOLOGY $1220”
Other Expenses.6
“Supplies & materials $1113”
Other Expenses.7
“Building expense-other $1000”
Other Assets.1002
“Furniture and Fixtures - Beginning $2572 Furniture and Fixtures - Ending $1543”
Other Assets.1003
“Machinery and Equipment - Beginning $0 Machinery and Equipment - Ending $1138”
Other Assets.1005
“Accounts Receivable - Beginning $16667 Accounts Receivable - Ending $16667”
Total Liabilities.1
“PAYROLL LIABILITIES - Beginning $1871 PAYROLL LIABILITIES - Ending $1851”
Raw XML Appendix143 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/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/AmendedReturnInd | 0 | X |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | KOLN KNIGHT |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 9183999777 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | PO BOX 22 |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | CUSHING |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | OK |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 74023 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 270416 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 261161 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/CostOfGoodsSoldAmt | 0 | 0 |
| IRS990EZ/CostOrOtherBasisExpenseSaleAmt | 0 | 0 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -9126 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 2989 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 359655 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 350509 |
| IRS990EZ/FundraisingGrossIncomeAmt | 0 | 0 |
| IRS990EZ/GrossReceiptsAmt | 0 | 135630 |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 35630 |
| IRS990EZ/LandAndBuildingsGrp/BOYAmt | 0 | 70000 |
| IRS990EZ/LandAndBuildingsGrp/EOYAmt | 0 | 70000 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 357784 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 348658 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 357784 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 348658 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 40.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 87000 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | CURTIS BLAKE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | MATT TURNER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | MELISSA AMON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | BRUCE JOHNSON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | KELLY YOUNG |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | Chairman |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | VICE CHAIR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | Secretary |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | Executive Dir. |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | Treasurer |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501cInd | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 19239 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 19348 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 47988 |
| IRS990EZ/OtherRevenueTotalAmt | 0 | 100000 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | 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. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | THE FOUNDATION MAINTAINED LAND FOR SALE TO HELP FOSTER ECONOMIC GROWTH WITHIN THE CITY OF CUSHING, OKLAHOMA. |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 93779 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SpecialEventsDirectExpensesAmt | 0 | 0 |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 1871 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 1851 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TaxImposedOnOrganizationMgrAmt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4911Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4912Amt | 0 | 0 |
| IRS990EZ/TaxImposedUnderIRC4955Amt | 0 | 0 |
| IRS990EZ/TaxReimbursedByOrganizationAmt | 0 | 0 |
| IRS990EZ/TotalExpensesAmt | 0 | 144756 |
| IRS990EZ/TotalRevenueAmt | 0 | 135630 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Office Expenses $4994 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Travel $2609 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Depreciation $1313 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Insurance $1411 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | MEALS & ENTERTAINMENT $15858 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | MILEAGE/TELEPHONE $15080 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | PROPERTY TAX $1890 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | INTERNET $1500 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 8 | TECHNOLOGY $1220 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 9 | SUPPLIES & MATERIALS $1113 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 10 | BUILDING EXPENSE-OTHER $1000 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 11 | Furniture and Fixtures - Beginning $2572 Furniture and Fixtures - Ending $1543 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 12 | Machinery and Equipment - Beginning $0 Machinery and Equipment - Ending $1138 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 13 | Accounts Receivable - Beginning $16667 Accounts Receivable - Ending $16667 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 14 | PAYROLL LIABILITIES - Beginning $1871 PAYROLL LIABILITIES - Ending $1851 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Other Expenses.1002 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Other Expenses.1005 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Other Expenses.1009 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Other Expenses.1012 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Other Expenses.1 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | Other Expenses.2 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | Other Expenses.3 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | Other Expenses.4 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 8 | Other Expenses.5 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 9 | Other Expenses.6 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 10 | Other Expenses.7 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 11 | Other Assets.1002 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 12 | Other Assets.1003 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 13 | Other Assets.1005 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 14 | Total Liabilities.1 |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | KELLY YOUNG |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | Treasurer |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-06-26 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | CUSHING ECONOMIC DEV FOUNDATION INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | CUSH |
| ReturnHeader/Filer/EIN | 0 | 237255402 |
| ReturnHeader/Filer/PhoneNum | 0 | 9182252400 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | PO BOX 22 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | CUSHING |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | OK |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 74023 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | true |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 730721487 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | CBEW PROFESSIONAL GROUP LLP - CUSHING |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 206 N HARRISON AVE |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | CUSHING |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | OK |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 74023 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 9182254216 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | TRISHA J RIEMAN CPA |
| ReturnHeader/ReturnTs | 0 | 2025-06-26T08:23:56-07:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $350,509
- Liabilities
- $1,851
- Net assets
- $348,658
- Revenue
- $135,630
- Expenses
- $144,756
- Net income
- -$9,126