Civic Intelligence

Cushing Economic Developement Foundation Inc

990EZ • Fiscal year 2023 • EIN 23-7255402

Jan 01, 2023 to Dec 31, 2023 • Filed on Jul 09, 2025

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.

2023 filings • 501(c)6 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

58th percentile

0.01x

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

2023 filings • 501(c)6 • <$500k nonprofits • Source year 2023

Net Margin

26th percentile

-12%

Higher net margin than 26% of similar nonprofits.

2023 filings • 501(c)6 • <$500k nonprofits • Source year 2023

Top Officer Pay

96th percentile

$103,000

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 82.5% of source-year revenue.

2023 filings • 501(c)6 • <$500k nonprofits • Source year 2023

Asset Growth

40th percentile

-3.9%

Faster asset growth than 40% of similar nonprofits.

2023 filings • 501(c)6 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

45th percentile

3.3%

Faster revenue growth than 45% of similar nonprofits.

2023 filings • 501(c)6 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets51st percentile

Assets

Down

$359,655

Down $14,478 (-3.9%) from 2022

Net Assets

Down

$357,784

Down $14,458 (-3.9%) from 2022

Liabilities

Down

$1,871

Down $20 (-1.1%) from 2022

Revenue And Expenses
Liabilities / Revenue58th percentileNet Margin26th percentile

Revenue

Up

$124,829

Up $3,983 (+3.3%) from 2022

Expenses

Up

$139,287

Up $18,649 (+15%) from 2022

Net Income

Down

-$14,458

Down $14,666 (-7051%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth40th 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

2023

Assets$359,655
Liabilities$1,871
Net Assets$357,784
Open 2023 Filing

Operations Trend

Revenue Growth45th 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

2023

Revenue$124,829
Expenses$139,287
Net Income-$14,458
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jul 9, 2025
Return Version
2023v6.0
Gross Receipts
$124,829
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.-$22,326
Compensation and Service Providers
Top Officer Pay96th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
BRUCE JOHNSONExecutive DirectorFT$103,000-$103,000
JACK FORSYTHChairman-$0--
MATT TURNERVice 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
2025-07-09
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 $5188”

Other Expenses.1005

“Travel $1432”

Other Expenses.1009

“Depreciation $643”

Other Expenses.1012

“Insurance $1318”

Other Expenses.1

“MILEAGE/TELEPHONE $10409”

Other Expenses.2

“Meals & entertainment $4432”

Other Expenses.3

“INTERNET $1500”

Other Expenses.4

“Supplies & materials $969”

Other Expenses.5

“MISC. G & A $241”

Other Expenses.6

“TECHNOLOGY $161”

Other Expenses.7

“Payroll expense other $44”

Other Assets.1002

“Furniture and Fixtures - Beginning $0 Furniture and Fixtures - Ending $2572”

Other Assets.1005

“Accounts Receivable - Beginning $8333 Accounts Receivable - Ending $16667”

Total Liabilities.1

“PAYROLL LIABILITIES - Beginning $1891 PAYROLL LIABILITIES - Ending $1871”

Raw XML Appendix145 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/AmendedReturnInd0X
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/BOYAmt0295800
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0270416
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-14458
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt01951
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0374133
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0359655
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GrossReceiptsAmt0124829
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt024829
IRS990EZ/LandAndBuildingsGrp/BOYAmt070000
IRS990EZ/LandAndBuildingsGrp/EOYAmt070000
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingAccrualInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0372242
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0357784
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0372242
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0357784
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/CompensationAmt3103000
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0JACK FORSYTH
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1MATT TURNER
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/EOYAmt019239
IRS990EZ/OtherExpensesTotalAmt026337
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/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0THE FOUNDATION MAINTAINED LAND FOR SALE TO HELP FOSTER ECONOMIC GROWTH WITHIN THE CITY OF CUSHING, OKLAHOMA.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt022326
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt0110999
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt01891
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt01871
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt0139287
IRS990EZ/TotalProgramServiceExpensesAmt022326
IRS990EZ/TotalRevenueAmt0124829
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CITY OF CUSHING CIA REIMB $100000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Office Expenses $5188
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Travel $1432
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Depreciation $643
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Insurance $1318
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5MILEAGE/TELEPHONE $10409
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6MEALS & ENTERTAINMENT $4432
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7INTERNET $1500
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8SUPPLIES & MATERIALS $969
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9MISC. G & A $241
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10TECHNOLOGY $161
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11PAYROLL EXPENSE OTHER $44
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt12Furniture and Fixtures - Beginning $0 Furniture and Fixtures - Ending $2572
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13Accounts Receivable - Beginning $8333 Accounts Receivable - Ending $16667
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt14PAYROLL LIABILITIES - Beginning $1891 PAYROLL LIABILITIES - Ending $1871
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Revenue.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.1002
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Expenses.1005
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Expenses.1009
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Expenses.1012
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Other Expenses.2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Other Expenses.3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Other Expenses.4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Other Expenses.5
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Other Expenses.6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Other Expenses.7
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc12Other Assets.1002
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc13Other Assets.1005
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc14Total Liabilities.1
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KELLY YOUNG
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-07-09
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/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/ReturnTs02025-07-09T06:54:13-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$359,655
Liabilities
$1,871
Net assets
$357,784
Revenue
$124,829
Expenses
$139,287
Net income
-$14,458
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