Impact Catering Co FY2020 filing

Tax-deductible

Oklahoma City, OK501(c)(3)Since 2015Food & AgricultureEIN 47-3885464Revenue $3.1M in FY2020

On file with the IRSokstatefair.com3001 General Pershing Blvd, 73107-6201 · Oklahoma City, OKTax-exempt since Jul 2017Supporting org, Type I — 509(a)(3)

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Impact Catering company supports oklahoma state fair, INC. By conducting the Catering services in conjunction with the annual oklahoma state fair.

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
$122K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $1.0M a year · 17% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$122K
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.6 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$32K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 1 voting members
Concern: none of 1 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.1M
Spent
$3.5M
To programs
88%
Net assets
$1.3M
By yearFY2020–FY2024
Revenue
$3.1M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$3.1M
FY2021$5.4M
FY2022$6.9M
FY2023$7.5M
FY2024$8.0M
Expenses
$3.5M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$3.5M
FY2021$4.3M
FY2022$5.2M
FY2023$6.2M
FY2024$6.5M
Net assets
$1.3M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1.3M
FY2021$2.3M
FY2022$3.9M
FY2023$5.2M
FY2024$6.7M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2017.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $3.0M Management & general 12% · $402K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990; $122K paid to officers and key staff.

Part VII, Section A · reportable compensation
Vice President/Osf Vice President
$121,934Pt VII · Sec A
President/CEO
$0Pt VII · Sec A
Secretary/Osf Vice President
$0Pt VII · Sec A
Treasurer/Osf Vice President
$0Pt VII · Sec A

Thomas Guthrie’s $146K as SVP Impact Catering is at the 81st percentile of top reported officer pay among 818 $1–10M food & agriculture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
James Johnson——$150,103$127,539$121,934
Thomas Guthrie$146,309$141,802———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides catering services for the annual Oklahoma State Fair.

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Provided by the organization

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1 program · $3.0M · in their own filed words · FY2020
01

Conducting catering services in conjunction with the annual oklahoma state fair and other events and expositions conducted by the oklahoma state fair on its premises.

$3.0Mprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$3.1M
Ln 12
Fees for servicesLn 2g$3.1M
Money outPt IX
$3.5M
Ln 25
Programscol B$3.0M
Managementcol C$402K
Owns and owesPt X
$1.3M
net assets · Ln 32
Cash and savingsLn 1–2$159K
Total assetsLn 16$1.3M
LiabilitiesLn 26$32K
PeoplePt VI, VII
4
listed · VII A
PaidVII A1
Voting boardVI 1a1
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$3.1M
Total revenueLn 12$3.1M
Assets in detailPt X, end of year
CashLn 1$159K
Cash and savings togetherLn 1–2$159K
Land, buildings, equipmentLn 10c$616K
Other assetsLn 15$181K
Total assetsLn 16$1.3M
LiabilitiesLn 26$32K
Net assetsLn 32$1.3M
OperationsPt I, VI
EmployeesI 5152
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$961K$159K
Land, buildings, equipmentLn 10c$771K$616K
Total assetsLn 16$2.2M$1.3M
LiabilitiesLn 26$617K$32K
Net assetsLn 32$1.6M$1.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$127K$101K$25K
Other salaries and wagesLn 7$876K$701K$175K
Pension plan contributionsLn 8$10K$8K$2K
Other employee benefitsLn 9$153K$122K$31K
Payroll taxesLn 10$132K$106K$26K
Accounting feesLn 11c$3K$3K
Other fees for servicesLn 11g$77K$6K$71K
Office expensesLn 13$73K$36K$36K
OccupancyLn 16$4K$3K$749
Depreciation, depletion and amortizationLn 22$154K$154K
InsuranceLn 23$21K$17K$4K
Other expenses (24a–d)Ln 24$1.8M$1.8M$27K
All other expensesLn 24e$6K$6K
Total functional expensesLn 25$3.5M$3.0M$402K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $8.0M$6.5M$1.5M$6.7M 990 PDF
FY2023 $7.5M$6.2M$1.2M$5.2M 990 PDF
FY2022 $6.9M$5.2M$1.6M$3.9M 990 PDF
FY2021 $5.4M$4.3M$1.0M$2.3M 990 PDF
FY2020 Viewing $3.1M$3.5M−$313K$1.3M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $3,138,175 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $5,722,907$3,149,034
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year −$72,796−$10,859
I-12 Total revenuePrior year $5,650,111$3,138,175
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,603,333$1,298,350
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,983,457$2,152,938
I-18 Total expensesPrior year $4,586,790$3,451,288
I-19 Revenue less expensesPrior year $1,063,321−$313,113
Part VI · Governance 0 of 1 board members independent, 2 to look at
VI-1a Voting members of the governing body1
VI-1b Independent voting members0
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $3,138,175 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $3,149,034$3,149,034
VIII-6 Net rental income or lossExcluded from tax −$10,859−$10,859
VIII-12 Total revenueRelated to mission $3,149,034 · Unrelated business $0 · Excluded from tax −$10,859$3,138,175
Part IX · Statement of functional expenses $3,451,288 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $101,457 · Management $25,364$126,821
IX-7 Other salaries and wagesPrograms $701,126 · Management $175,281$876,407
IX-8 Pension plan contributionsPrograms $7,854 · Management $1,963$9,817
IX-9 Other employee benefitsPrograms $122,380 · Management $30,595$152,975
IX-10 Payroll taxesPrograms $105,864 · Management $26,466$132,330
IX-11c Accounting feesManagement $2,883$2,883
IX-11g Other fees for servicesPrograms $5,986 · Management $70,964$76,950
IX-13 Office expensesPrograms $36,380 · Management $36,380$72,760
IX-16 OccupancyPrograms $2,997 · Management $749$3,746
IX-22 Depreciation, depletion and amortizationPrograms $154,457$154,457
IX-23 InsurancePrograms $16,934 · Management $4,233$21,167
IX-24 Other expenses (24a–d)Programs $1,787,511 · Management $27,201$1,814,712
IX-24e All other expensesPrograms $6,263$6,263
IX-25 Total functional expensesPrograms $3,049,209 · Management $402,079 · Fundraising $0$3,451,288
Part X · Balance sheet $1,283,298 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $960,681$159,228
X-4 Accounts receivableStart of year $323,219$195,327
X-8 Inventories for sale or useStart of year $126,784$131,196
X-10c Land, buildings and equipment, netStart of year $770,921$616,464
X-15 Other assetsStart of year $0$181,083
X-16 Total assetsStart of year $2,181,605$1,283,298
X-17 Accounts payable and accrued expensesStart of year $35,522$31,635
X-25 Other liabilitiesStart of year $581,307$0
X-26 Total liabilitiesStart of year $616,829$31,635
X-27 Net assets without donor restrictionsStart of year $1,564,776$1,251,663
X-32 Total net assets or fund balancesStart of year $1,564,776$1,251,663
X-33 Total liabilities and net assetsStart of year $2,181,605$1,283,298
Part XI · Reconciliation of net assets $1,251,663 net assets at year end
XI-1 Total revenue$3,138,175
XI-2 Total expenses$3,451,288
XI-3 Revenue less expenses−$313,113
XI-4 Net assets at start of year$1,564,776
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,251,663

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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