Civic Intelligence

Flt Holding Inc

EIN 86-2057310 • 501(c)3 • Tulsa, OK

Profile

The mission of FLT Holding is to support the charitable purposes of Fab Lab Tulsa.

501 S Lewis AveTulsa, OK 74104

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

76th percentile

0.44x

Higher debt load relative to assets than 76% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

99th percentile

27.12x

Higher debt load relative to revenue than 99% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

2nd percentile

-180%

Higher net margin than 2% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

46th percentile

3.4%

Faster asset growth than 46% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2024

Revenue Growth

10th percentile

-27%

Faster revenue growth than 10% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2024

Assets

Up

$5,331,647

Up $635,034 (+14%) from 2023

Liabilities

Down

$2,334,360

Down $3,665,640 (-61%) from 2023

Net Assets

Up

$2,997,287

Up $4,300,674 (+330%) from 2023

Revenue

Down

$86,084

Down $79,732 (-48%) from 2023

Expenses

Down

$241,071

Down $211,584 (-47%) from 2023

Net Income

Up

-$154,987

Up $131,852 (+46%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0-$2.0MAssets 2021: $5,437,888Liabilities 2021: $0Net Assets 2021: $5,437,8882021Assets 2022: $4,983,452Liabilities 2022: $6,000,000Net Assets 2022: -$1,016,5482022Assets 2023: $4,696,613Liabilities 2023: $6,000,000Net Assets 2023: -$1,303,3872023Assets 2024: $5,331,647Liabilities 2024: $2,334,360Net Assets 2024: $2,997,2872024

Highlighted filing

2024

Assets$5,331,647
Liabilities$2,334,360
Net Assets$2,997,287

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2021: $6,639,422Expenses 2021: $1,201,534Net Income 2021: $5,437,8882021Revenue 2022: $160,763Expenses 2022: $615,199Net Income 2022: -$454,4362022Revenue 2023: $165,816Expenses 2023: $452,655Net Income 2023: -$286,8392023Revenue 2024: $86,084Expenses 2024: $241,071Net Income 2024: -$154,9872024

Highlighted filing

2024

Revenue$86,084
Expenses$241,071
Net Income-$154,987

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2025
Return Version
2023v6.0
Gross Receipts
$86,084
Mission and Program Overview

Mission

The mission of FLT Holding is to support the charitable purposes of Fab Lab Tulsa.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,495,735$5,152,524▲ $656,789
Cash and Non-Interest-Bearing Accounts$200,878$179,123▼ $21,755
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities$0--
Investments Program Related$0--
Loans From Officers Directors-$0-
Total Assets$4,696,613$5,331,647▲ $635,034
Other Assets Total$0$0→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,000,000$2,334,360▼ $3,665,640
Other Liabilities$0$0→ $0
Total Liabilities$6,000,000$2,334,360▼ $3,665,640
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-1,303,387$2,997,287▲ $4,300,674
Total Net Assets Fund Balance$-1,303,387$2,997,287▲ $4,300,674
Total Liabilities and Net Assets / Fund Balance$4,696,613$5,331,647▲ $635,034

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,632,596$65,803$3,698,399
Equipment$1,148,327$113,668$1,261,995
Land$371,601-$371,601
Compensation and Service Providers

Board Members and Trustees

NameTitle
Nathan PritchettPresident
Clayton SiegeristVice President
Eric SchickTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$82,267
Investment Income
$3,817
Other Revenue
$0
Change in Net Assets
$-154,987
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$241,071
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$143,577$35,894-$179,471
Interest$41,280$10,320-$51,600
Fees for Services Accounting-$10,000-$10,000
Total Functional Expenses$184,857$56,214$0$241,071
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees-$0-
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B Review of form 990 by governing body

An independent cpa firm prepares and reviews the form 990. A draft is distributed to the finance committee for comments, corrections, and/or concerns. Once accepted, a final draft is submitted to the full board of directors for review and acceptance.

Form 990, Part VI, Line 12C Conflict of interest policy

FLT Holding Inc IS GOVERNED BY THE POLICIES AND PROCEDURES OF THE UNIVERSITY OF TULSA AND ITS BOARD OF TRUSTEES. EACH TRUSTEE FORMALLY DISCLOSED TO THE PRESIDENT ANY INTEREST SUCH TRUSTEE HOLDS THAT MAY GIVE RISE TO AN ACTUAL, APPARENT OR APPEARANCE OF CONFLICT OF INTEREST IN A TRANSACTION AFFECTING THE UNIVERSITY.

Form 990, Part VI, Line 19 Required documents available to the public

Members of the public who express an interest in the affairs of Fab Lab Tulsa may review the annual Form 990 upon request by contacting the Executive Director or the organization during normal working hours at our primary place of business. In addition, the annual Form 990 is available for review at the website www.guidestar.org.

Filing and Contact Details

Filer

Filer Name
FLT Holding Inc
EIN
86-2057310
Phone
9187796025
Address
501 S Lewis Ave, Tulsa, OK 74104

Signing Officer

Name
Eric Schick
Title
Treasurer
Phone
9187796025
Signed
2025-05-15
Discuss with paid preparer
Yes

Organization Details

Formed
2021
Legal Domicile
Ok
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Forvis Mazars LLP
Address
120 E Palmetto Park Road Suite 403, Boca Raton, FL 33432
Preparer
April Arnold
Phone
5612991820
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9 Other changes in net assets or fund balances

Adjustment in FMV - 4455661;

Financial Statement Notes

Schedule D, Part X, Line 2 FIN 48 (ASC 740) FOOTNOTE

The Organization is exempt from income tax under Section 501(c)(3) of the Internal Revenue Code; accordingly, no provision for income tax is included in the accompanying financial statements. The Organization is required to file annual information returns in both the Federal and Oklahoma jurisdictions. Management evaluates its uncertain tax positions, if any, on a continual basis through review of their policies and procedures, review of their regular tax filings and discussions with outside experts. At June 30, 2024, the Organization had no uncertain tax positions. Federal exempt organization returns for the past three years are subject to examination by taxing authorities.

Raw XML Appendix397 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.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization is exempt from income tax under Section 501(c)(3) of the Internal Revenue Code; accordingly, no provision for income tax is included in the accompanying financial statements. The Organization is required to file annual information returns in both the Federal and Oklahoma jurisdictions. Management evaluates its uncertain tax positions, if any, on a continual basis through review of their policies and procedures, review of their regular tax filings and discussions with outside experts. At June 30, 2024, the Organization had no uncertain tax positions. Federal exempt organization returns for the past three years are subject to examination by taxing authorities.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0AN INDEPENDENT CPA FIRM PREPARES AND REVIEWS THE FORM 990. A DRAFT IS DISTRIBUTED TO THE FINANCE COMMITTEE FOR COMMENTS, CORRECTIONS, AND/OR CONCERNS. ONCE ACCEPTED, A FINAL DRAFT IS SUBMITTED TO THE FULL BOARD OF DIRECTORS FOR REVIEW AND ACCEPTANCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FLT Holding Inc IS GOVERNED BY THE POLICIES AND PROCEDURES OF THE UNIVERSITY OF TULSA AND ITS BOARD OF TRUSTEES. EACH TRUSTEE FORMALLY DISCLOSED TO THE PRESIDENT ANY INTEREST SUCH TRUSTEE HOLDS THAT MAY GIVE RISE TO AN ACTUAL, APPARENT OR APPEARANCE OF CONFLICT OF INTEREST IN A TRANSACTION AFFECTING THE UNIVERSITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Members of the public who express an interest in the affairs of Fab Lab Tulsa may review the annual Form 990 upon request by contacting the Executive Director or the organization during normal working hours at our primary place of business. In addition, the annual Form 990 is available for review at the website www.guidestar.org.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Adjustment in FMV - 4455661;
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0FAB LAB TULSA INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1THE GILCREASE MANAGEMENT TRUST
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2THE UNIVERSITY OF TULSA
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt2800 S TUCKER DRIVE
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IRS990/USAddress/ZIPCd074104
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Eric Schick
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/PhoneNum09187796025
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FLT Holding Inc
ReturnHeader/Filer/BusinessNameControlTxt0FLTH
ReturnHeader/Filer/EIN0862057310
ReturnHeader/Filer/PhoneNum09187796025
ReturnHeader/Filer/USAddress/AddressLine1Txt0501 S Lewis Ave
ReturnHeader/Filer/USAddress/CityNm0Tulsa
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0440160260
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Forvis Mazars LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0120 E Palmetto Park Road Suite 403
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Boca Raton
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd033432
ReturnHeader/PreparerPersonGrp/PhoneNum05612991820
ReturnHeader/PreparerPersonGrp/PreparationDt02025-05-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0April Arnold
ReturnHeader/ReturnTs02025-05-15T10:06:31+00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

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