Hba Charitable Foundation FY2021 filing

Public charity (501(c)(3)) Tulsa, OK EIN 45-5302161 NTEE P30
Revenue
$73K
▼ -87%
FY2021 · Pt VIII · Ln 12
Expenses
$196K
▲ +47%
FY2021 · Pt IX · Ln 25
Net assets
$665K
FY2021 · Pt X · Ln 32
To programs
68%
FY2021 · Pt IX · col B
Revenue & expenses by yearFY2020–FY2024
Revenue
$73K
FY2021▼ -87%
Expenses
$196K
FY2021▲ +47%

Funds local housing charities and construction industry scholarships.

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Tax-deductible?
Yes
Per the IRS master file.
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Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
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Filing up to date?
Filed FY2024 (typical filing lag)
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Foundation funders?
2 funders, incl. Hardesty Family Foundation INC
$25K in the latest grant year.
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Spent on programs?
68% to programs
Form 990 Part IX, latest filing.
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Size and trend
$100K–1M
↓ -87% vs prior year
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Form 990 for the fiscal year ending December 2021 (IRS tax year 2021).


Funds local housing charities and construction industry scholarships.

Type
Public charity (501(c)(3)) · Human Services
Location
Tulsa, OK
Website
www.tulsahbacf.com
Filings
5 on file (2020–2021)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
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Where the money goes · FY2021
Where spending went · Part IX cols B–D
Program services $0.68 Management & general $0.32
Program efficiency
68%
of spending reaches programs
Operating runway
37.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
-170%
revenue over expenses, this year

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Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$665K
FY2021▼ -19%
Total liabilities
$0
FY2021▼ -100%
Revenue less expensesPt I · Ln 19−$123K
Total assetsPt X · Ln 16$665K
Program-expense ratioPt IX · col B68%
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
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Mission & Programs · Part III

Where the work happens

3 program services account for $127K of program spending, described in the organization's own filed words · FY2021.
01

Intro to Construction Courses

High school education courses for the introduction of construction training at union freshman academy and nathan hale high school.

$104Kprogram expense
02

Hba Charitable Foundation Housing Program

Place deserving families into homeownership

$22Kprogram expense
03

Build My Future

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

$600program expense

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Statement of Revenue

Part VIII
Investment income$35K · 49%
Contributions & grants$20K · 27%
Other revenue$18K · 24%
Investment income49%$35K
Contributions & grants27%$20K
Other revenue24%$18K
Total revenueLn 12$73K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.68 Management & general $0.32
Program services68%$133K
Management & general32%$63K
Total functional expensesLn 25$196K

Balance Sheet

Part X · end of year
CashLn 1$252K
Total assetsLn 16$665K
Total liabilitiesLn 26$0
Total net assetsLn 32$665K
Months of cash on handcomputed15.4

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $605K · Operating expenses/yr $196K
37.1 months
Where the money goes
Program services
Program services $133K · Total expenses $196K
68%
Management & General
Management & general $63K · Total expenses $196K
32%
Fundraising
Fundraising $0 · Total expenses $196K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $272K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $20K · Total revenue $73K
27%
Government reliance
Government grants — · Total revenue $73K
—
Earned-income share
Program service revenue $0 · Total revenue $73K
0%
Investment reliance
Investment income $35K · Total revenue $73K
+49%
Program self-sufficiency
Program service revenue $0 · Total expenses $196K
0%
Growth & trend
Revenue growth (YoY)
This year $73K · Prior year $558K
-87%
Net-asset trend (YoY)
End of year $665K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $73K · Expenses $196K
-170%
Liabilities-to-Assets
Total liabilities — · Total assets $665K
—
Net-asset ratio
Net assets $665K · Total assets $665K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $354K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $665K
53%
People & payroll
Highest Reported Total Compensation
Individual Jeffrey Smith · Reported title SECRETARY · Highest reported compensation $0 · Total expenses $196K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $52K · Total expenses $196K
27%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 68%——
Overhead ratio 32%——
Fundraising cost ratio 0%——
Revenue growth -87%——
Legal fee ratio 0.2%——
Accounting fee ratio 0.7%——

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 · viewing · ⤓ 990 PDF
FY2020$558K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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