Hba Charitable Foundation FY2020 filing

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EIN 45-5302161 Public charity (501(c)(3)) Tulsa, OK NTEE P30
Form 990 (PDF)

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Revenue & expenses by yearFY2020–FY2024
Revenue
$558K
FY2020
Expenses
$134K
FY2020

Form 990 for the fiscal year ending December 2020 (IRS tax year 2020).


Funds local housing charities and construction industry scholarships. For fiscal year 2020 it reported $558K in revenue, $134K in expenses, and $788K in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Tulsa, OK
Website
www.tulsahbacf.com
Filings
5 on file (2020–2020)
Revenue
$558KFY2020
Expenses
$134K
Net assets
$788K
People
10
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Provided by the organization

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Size
$100K–1M
What they do
Funds local housing charities and construction industry scholarships.
Leadership
Jeffrey Smith · Secretary
Money in and out
$558K revenue, $134K expenses
Bottom line
64% program efficiency

What Funders Ask

6 questions, answered from this org's own filings

Will my donation be tax-deductible?

GOOD

Yes — A charitable, religious, educational, scientific, or literary organization. Contributions are generally tax-deductible for donors.

IRS Business Master File records this organization as tax-exempt with deductible contributions. See detail →

Can I donate to this org right now?

GOOD

No revocation on IRS record

This EIN does not appear on the IRS auto-revocation list. See detail →

Is this organization up to date?

GOOD

Filed FY2024 (typical filing lag)

Most recent Form 990 on file is for fiscal year 2024 (2 years ago). See detail →

Is it receiving grants from reputable foundations?

GOOD

2 funders, incl. Hardesty Family Foundation INC

2 distinct foundation funder(s) on file, $25K received in the most recent year with grants. See detail →

How is the money spent?

WARNING

64% to programs

64% of total functional expenses went to program services in the most recent filing (Form 990 Part IX); the rest is overhead and fundraising. See detail →

What's its financial size and trend?

NEUTRAL

$100K–1M

Revenue band $100K–1M. Not enough years on file for a trend. See detail →

Where the money goes · FY2020
Total revenue
$558K
Pt VIII · Ln 12
Total expenses
$134K
Pt IX · Ln 25
Net assets
$788K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $424K
Where spending went · Part IX cols B–D
Program services $0.64 Management & general $0.36
Program efficiency
64%
of spending reaches programs
Operating runway
61.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
+76%
revenue over expenses, this year

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Summary of the Filing

Part I · fiscal year 2020 · Form 990
Total assets
$821K
FY2020
Total liabilities
$33K
FY2020
Revenue less expensesPt I · Ln 19$424K
Total assetsPt X · Ln 16$821K
Program-expense ratioPt IX · col B64%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CHba Charitable Foundation
EINHdr · item D45-5302161
Principal addressHdr · item CTulsa, OK
WebsiteHdr · item Jwww.tulsahbacf.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MOK
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P30)
Ruling yearIRS BMFJan 2014

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Hba Charitable Foundation executive salaries →

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Mission & Programs · Part III

Where the work happens

3 program services account for $86K of program spending, described in the organization's own filed words · FY2020.
01

Hba Charitable Foundation Housing Program

Place deserving families into homeownership

$50Kprogram expense
02

Union Intro to Construction Course

High school education course for the introduction of construction training.

$35Kprogram expense
03

Build My Future

Construction workforce development hands on showcase for area high school students.

$1Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$525K · 94%
Other revenue$32K · 6%
Contributions & grants94%$525K
Other revenue6%$32K
Investment income$1K
Total revenueLn 12$558K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.64 Management & general $0.36
Program services64%$86K
Management & general36%$48K
Total functional expensesLn 25$134K

Balance Sheet

Part X · end of year
CashLn 1$219K
Total assetsLn 16$821K
Total liabilitiesLn 26$33K
Total net assetsLn 32$788K
Months of cash on handcomputed19.7

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $679K · Operating expenses/yr $134K
61.0 months
Where the money goes
Program services
Program services $86K · Total expenses $134K
64%
Management & General
Management & general $48K · Total expenses $134K
36%
Fundraising
Fundraising $0 · Total expenses $134K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $525K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $525K · Total revenue $558K
94%
Government reliance
Government grants — · Total revenue $558K
—
Earned-income share
Program service revenue $0 · Total revenue $558K
0%
Investment reliance
Investment income $1K · Total revenue $558K
+0.2%
Program self-sufficiency
Program service revenue $0 · Total expenses $134K
0%
Growth & trend
Revenue growth (YoY)
This year $558K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $788K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $558K · Expenses $134K
+76%
Liabilities-to-Assets
Total liabilities — · Total assets $821K
—
Net-asset ratio
Net assets $788K · Total assets $821K
96%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $460K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $821K
56%
People & payroll
Highest Reported Total Compensation
Individual Jeffrey Smith · Reported title SECRETARY · Highest reported compensation $0 · Total expenses $134K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $40K · Total expenses $134K
30%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 64%——
Overhead ratio 36%——
Fundraising cost ratio 0%——
Legal fee ratio 0.2%——
Accounting fee ratio 1.0%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$25K
Grants paid · 9 grants · $634K · 2021–2024
Union High SchoolWA · FY2024$75,809
Broken Arrow High SchoolFY2024$70,300
Union High SchoolWA · FY2023$110,434
Nathan Hale High SchoolFY2023$49,887
Union High SchoolWA · FY2022$155,896
Nathan Hale High SchoolFY2022$45,103
Nathan Hale High SchoolFY2021$76,607
Union High SchoolWA · FY2021$27,433
Unitemized GrantFY2021$22,073

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$230K revenue · ⤓ 990 PDF
FY2023$108K revenue · ⤓ 990 PDF
FY2022$140K revenue · ⤓ 990 PDF
FY2021$73K revenue · ⤓ 990 PDF
FY2020$558K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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