Civic Intelligence

Astec Fund Inc.

990 • Fiscal year 2024 • EIN 45-5343102

Jan 01, 2024 to Dec 31, 2024 • Filed on Mar 13, 2025

Organization ProfileWWW.ASTEC-K12.COM/OUR-FOUNDATION
2401 NW 23rd St Ste 39AOklahoma City, OK 73107

(405) 947-6272

Siviq Scores

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

Liabilities / Assets

69th percentile

0.38x

Higher debt load relative to assets than 69% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

85th percentile

1.37x

Higher debt load relative to revenue than 85% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

98th percentile

95%

Higher net margin than 98% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

15th percentile

$0

Higher top officer pay than 15% of similar nonprofits.

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

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

88th percentile

31%

Faster asset growth than 88% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

73rd percentile

24%

Faster revenue growth than 73% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets69th percentile

Assets

Up

$21,788,098

Up $5,201,603 (+31%) from 2023

Net Assets

Up

$13,592,314

Up $5,701,603 (+72%) from 2023

Liabilities

Down

$8,195,784

Down $500,000 (-5.7%) from 2023

Revenue And Expenses
Liabilities / Revenue85th percentileNet Margin98th percentile

Revenue

Up

$5,985,065

Up $1,143,087 (+24%) from 2023

Expenses

Down

$283,462

Down $276,436 (-49%) from 2023

Net Income

Up

$5,701,603

Up $1,419,523 (+33%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth88th percentile

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

$30M$20M$10M$0Assets 2013: $839,045Liabilities 2013: $557,537Net Assets 2013: $281,5082013Assets 2014: $779,289Liabilities 2014: $557,537Net Assets 2014: $221,7522014Assets 2015: $837,404Liabilities 2015: $557,537Net Assets 2015: $279,8672015Assets 2016: $886,722Liabilities 2016: $557,538Net Assets 2016: $329,1852016Assets 2017: $912,019Liabilities 2017: $363,293Net Assets 2017: $548,7262017Assets 2018: $1,089,399Liabilities 2018: $293,653Net Assets 2018: $795,7462018Assets 2019: $1,711,892Liabilities 2019: $557,537Net Assets 2019: $1,154,3552019Assets 2020: $9,346,977Liabilities 2020: $7,990,890Net Assets 2020: $1,356,0872020Assets 2021: $10,902,009Liabilities 2021: $8,670,266Net Assets 2021: $2,231,7432021Assets 2022: $12,017,575Liabilities 2022: $8,408,944Net Assets 2022: $3,608,6312022Assets 2023: $16,586,495Liabilities 2023: $8,695,784Net Assets 2023: $7,890,7112023Assets 2024: $21,788,098Liabilities 2024: $8,195,784Net Assets 2024: $13,592,3142024

Highlighted filing

2024

Assets$21,788,098
Liabilities$8,195,784
Net Assets$13,592,314
Open 2024 Filing

Operations Trend

Revenue Growth73rd percentile

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2013: $206,253Expenses 2013: $377,682Net Income 2013: -$171,4292013Revenue 2014: $275,929Expenses 2014: $335,685Net Income 2014: -$59,7562014Revenue 2015: $576,138Expenses 2015: $534,289Net Income 2015: $41,8492015Revenue 2016: $288,892Expenses 2016: $70,183Net Income 2016: $218,7092016Revenue 2017: $279,152Expenses 2017: $242,926Net Income 2017: $36,2262017Revenue 2018: $343,684Expenses 2018: $124,027Net Income 2018: $219,6572018Revenue 2019: $765,139Expenses 2019: $15,388Net Income 2019: $749,7512019Revenue 2020: $214,369Expenses 2020: $12,637Net Income 2020: $201,7322020Revenue 2021: $934,572Expenses 2021: $58,916Net Income 2021: $875,6562021Revenue 2022: $1,841,987Expenses 2022: $465,099Net Income 2022: $1,376,8882022Revenue 2023: $4,841,978Expenses 2023: $559,898Net Income 2023: $4,282,0802023Revenue 2024: $5,985,065Expenses 2024: $283,462Net Income 2024: $5,701,6032024

Highlighted filing

2024

Revenue$5,985,065
Expenses$283,462
Net Income$5,701,603
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Mar 13, 2025
Return Version
2024v5.1
Gross Receipts
$5,985,065
Mission and Program Overview

Mission

To benefit, perform the functions of, or carry out the purposes of astec, inc., an oklahoma not-for-profit corporation. Astec fund, inc., will raise funds from public and private sources and manage property to support education programs of astec, inc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$12,566,252$12,990,797▲ $424,545
Cash and Non-Interest-Bearing Accounts$4,020,243$4,487,301▲ $467,058
Savings and Temporary Cash Investments-$4,310,000-
Total Assets$16,586,495$21,788,098▲ $5,201,603
Liabilities
Mortgage Notes Payable Secured by Investment Property$8,695,784$8,195,784▼ $500,000
Total Liabilities$8,695,784$8,195,784▼ $500,000
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$7,890,711$13,592,314▲ $5,701,603
Total Net Assets Fund Balance$7,890,711$13,592,314▲ $5,701,603
Total Liabilities and Net Assets / Fund Balance$16,586,495$21,788,098▲ $5,201,603

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$12,252,038-$12,252,038
Land$738,759-$738,759
Compensation and Service Providers
Top Officer Pay15th percentile

Board Members and Trustees

NameTitle
Doug FullerChairman
Freda DeskinExecutive Director
Bradley JordanMember
Clayton MossMember
Donnie JonesMember
Jerry BurgerMember
Judy HatfieldMember
Kerry AlexanderMember
Lou C KerrMember
Rita MooreMember
Revenue and Support

Revenue Composition

Contributions and Grants
$166,430
Program Service Revenue
$5,818,635
Investment Income
$0
Other Revenue
$0
All Other Contributions
$166,430
Change in Net Assets
$5,701,603
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$282,962
Grants and Similar Amounts Paid$500
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$250,000--$250,000
Fees for Services Accounting-$13,276-$13,276
Fees for Services Legal-$5,167-$5,167
Advertising-$4,500-$4,500
Fees for Service Investment Mgmnt Fees$3,753--$3,753
Other Expenses$2,868$2,157-$2,868
Insurance$1,037--$1,037
Grants to Domestic Orgs$500--$500
Office Expenses-$204-$204
Total Functional Expenses$258,158$25,304$0$283,462
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Members or stockholder classes and rights Part VI line 6

“Aerospace science and technology education center, inc (astec, inc) is the sole member of astec fund, inc.”

Member election for additional members Part VI line 7A

“Astec inc has the ability to appoint one less than majortiy of the board of directors of astec fund inc”

Committee meeting documentation Part VI line 8B

“The organization does not have committees with authority to act on behalf of the governing body”

Form 990 governing body review Part VI line 11

“The organizations form 990 undergoes internal and external reviews. It is prepared by an independent accounting firm and reviewed by the organizations executive director. A final copy is provided to the board of directors prior to filing with the irs”

Conflict of interest policy compliance Part VI line 12C

“Astec fund inc regularly and consistently monitor and enforce compliance with the conflict of interest policy by requiring all members to sign forms each year”

Other officer or key employee compensation Part VI line 15B

“Astec fund inc did not pay any compensation in 2023”

Governing documents etc available to public Part VI line 19

“Pursuant to irc sec 6104, the organizations governing documents, conflict of interst policy and financial statements are not made available to the public.”

Filing and Contact Details

Filer

Filer Name
Astec Fund Inc
EIN
45-5343102
In Care Of
% FREDA DESKIN
Phone
4059476272
Address
2401 NW 23RD ST STE 39A, Oklahoma City, OK 73107

Signing Officer

Name
Freda Deskin
Title
Executive Director
Phone
4059476272
Signed
2025-03-13
Discuss with paid preparer
Yes

Organization Details

Formed
2012
Legal Domicile
Ok
Voting Board Members
9
Independent Board Members
9
Employees
0

Preparer

Firm
JJ Woodie CPA
Address
10400 Greenbriar Pl, Oklahoma City, OK 73159
Preparer
Jj Woodie
Phone
4056920031
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/IRSWrittenDeterminationInd0X
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IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
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IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0ASTEC INC
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType2Ind0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt012252038
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt012252038
IRS990ScheduleD/LandGrp/BookValueAmt0738759
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0738759
IRS990ScheduleD/TotalBookValueLandBuildingsAmt012990797
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0AEROSPACE SCIENCE AND TECHNOLOGY EDUCATION CENTER, INC (ASTEC, INC) IS THE SOLE MEMBER OF ASTEC FUND, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ASTEC INC HAS THE ABILITY TO APPOINT ONE LESS THAN MAJORTIY OF THE BOARD OF DIRECTORS OF ASTEC FUND INC
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION DOES NOT HAVE COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATIONS FORM 990 UNDERGOES INTERNAL AND EXTERNAL REVIEWS. IT IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND REVIEWED BY THE ORGANIZATIONS EXECUTIVE DIRECTOR. A FINAL COPY IS PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ASTEC FUND INC REGULARLY AND CONSISTENTLY MONITOR AND ENFORCE COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY BY REQUIRING ALL MEMBERS TO SIGN FORMS EACH YEAR
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ASTEC FUND INC DID NOT PAY ANY COMPENSATION IN 2023
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6PURSUANT TO IRC SEC 6104, THE ORGANIZATIONS GOVERNING DOCUMENTS, CONFLICT OF INTERST POLICY AND FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Committee meeting documentation Part VI line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Governing documents etc available to public Part VI line 19
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0ASTEC INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0731577092
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501c3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0OK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0EDUCATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt02
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt02401 NW 23 STE 39A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Oklahoma City
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0OK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd073107
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0OK
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt016586495
IRS990/TotalAssetsEOYAmt021788098
IRS990/TotalAssetsGrp/BOYAmt016586495
IRS990/TotalAssetsGrp/EOYAmt021788098
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0166430
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt025304
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0258158
IRS990/TotalFunctionalExpensesGrp/TotalAmt0283462
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt08695784
IRS990/TotalLiabilitiesEOYAmt08195784
IRS990/TotalLiabilitiesGrp/BOYAmt08695784
IRS990/TotalLiabilitiesGrp/EOYAmt08195784
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt07890711
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt013592314
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0258158
IRS990/TotalProgramServiceRevenueAmt05818635
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt05818635
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt05985065
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt016586495
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt021788098
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.ASTEC-K12.COM/OUR-FOUNDATION
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0FREDA DESKIN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum04059476272
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-03-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ASTEC FUND INC
ReturnHeader/Filer/BusinessNameControlTxt0ASTE
ReturnHeader/Filer/EIN0455343102
ReturnHeader/Filer/InCareOfNm0% FREDA DESKIN
ReturnHeader/Filer/PhoneNum04059476272
ReturnHeader/Filer/USAddress/AddressLine1Txt02401 NW 23RD ST STE 39A
ReturnHeader/Filer/USAddress/CityNm0Oklahoma City
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OK
ReturnHeader/Filer/USAddress/ZIPCd073107
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0472437940
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JJ Woodie CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt010400 Greenbriar Pl
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Oklahoma City
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd073159
ReturnHeader/PreparerPersonGrp/PhoneNum04056920031
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JJ WOODIE
ReturnHeader/ReturnTs02025-05-06T11:41:55-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$21,788,098
Liabilities
$8,195,784
Net assets
$13,592,314
Revenue
$5,985,065
Expenses
$283,462
Net income
$5,701,603
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$21.8$8.20$13.6$5.99$0.28$5.70
2023Detailed filing. Detailed filing data is available for this year.$16.6$8.70$7.89$4.84$0.56$4.28
2022Detailed filing. Detailed filing data is available for this year.$12.0$8.41$3.61$1.84$0.47$1.38
2021Detailed filing. Detailed filing data is available for this year.$10.9$8.67$2.23$0.93$0.06$0.88
2020Detailed filing. Detailed filing data is available for this year.$9.35$7.99$1.36$0.21$0.01$0.20
2019Detailed filing. Detailed filing data is available for this year.$1.71$0.56$1.15$0.77$0.02$0.75
2018Summary only. Only limited summary data is available for this year.$1.09$0.29$0.80$0.34$0.12$0.22
2017Summary only. Only limited summary data is available for this year.$0.91$0.36$0.55$0.28$0.24$0.04
2016Summary only. Only limited summary data is available for this year.$0.89$0.56$0.33$0.29$0.07$0.22
2015Summary only. Only limited summary data is available for this year.$0.84$0.56$0.28$0.58$0.53$0.04
2014Summary only. Only limited summary data is available for this year.$0.78$0.56$0.22$0.28$0.34$0.06
2013Summary only. Only limited summary data is available for this year.$0.84$0.56$0.28$0.21$0.38$0.17