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Lake Texoma Assoc

Not tax-deductible

Kingston, OK501(c)(6)Community Development EIN 73-1378406Revenue $249K in FY2025

On file with the IRSlaketexomaonline.comPo Box 610, 73439-0610 · Kingston, OKTax-exempt since Nov 1982

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Provides activities to promote the conservation and development of water resources and the economic growth of the Lake Texoma area through tourism, recreational and cultural development.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
$60K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $23K a year · 9% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$60K
to officers and key staff · 22% of spending
Top officer’s pay lower than 63% of similar orgs
Worth a look: pay to officers and key staff is 22% of spending; over 20%.
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
$46K
320% of total assets
Concern: liabilities are 320% of assets; over 80%.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$249K
-1% vs prior year
Spent
$270K
To programs
0%
Net assets
−$31K
By yearFY2021–FY2025
Revenue
$249K
FY2025▼ -1%
Tap a bar for its year
Revenue by fiscal year
FY2021$197K
FY2022$276K
FY2023$255K
FY2024$251K
FY2025$249K
Expenses
$270K
FY2025▼ -3%
Tap a bar for its year
Expenses by fiscal year
FY2021$211K
FY2022$261K
FY2023$322K
FY2024$279K
FY2025$270K
Net assets
−$31K
FY2025▼ -198%
Tap a bar for its year
Net assets by fiscal year
FY2021$69K
FY2022$84K
FY2023$17K
FY2024−$11K
FY2025−$31K

From the FY2025 Form 990 (year ending June 2025) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 1982.

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

Who runs it and what they're paid

15 people listed on the 990; $60K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Brandi Burkhalter
Executive Di
$60,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Kara Byrd
Member
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Cortney Gumm
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A

Brandi Burkhalter’s $60K as Executive Di is at the 37th percentile of top reported officer pay among 1709 $100K–1M community development 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 · 1 named individual · Part VII

NameFY2025FY2021
Brandi Burkhalter$60,000$49,992

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.

See Lake Texoma Assoc executive salaries →

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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

Promotes water conservation and economic growth around Lake Texoma through tourism and recreation.

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1 program · in their own filed words · FY2024
01

Provides activities to promote the conservation and development of water resources and the economic growth of the lake texoma area through tourism, recreational and cultural development.

Pt IX · col B

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$249K
Ln 12
Fees for servicesLn 2g$182K
Gifts and grantsLn 1h$66K
Money outPt IX
$270K
Ln 25
Owns and owesPt X
−$31K
net assets · Ln 32
Cash and savingsLn 1–2$14K
Total assetsLn 16$14K
LiabilitiesLn 26$46K
PeoplePt VI, VII
15
listed · VII A
PaidVII A1
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$66K
Government grantsLn 1e$52K
Fees for servicesLn 2g$182K
Total revenueLn 12$249K
Assets in detailPt X, end of year
CashLn 1$14K
Cash and savings togetherLn 1–2$14K
Total assetsLn 16$14K
LiabilitiesLn 26$46K
Net assetsLn 32−$31K
OperationsPt I, VI
EmployeesI 52
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$23K$14K
Total assetsLn 16$23K$14K
LiabilitiesLn 26$33K$46K
Net assetsLn 32−$11K−$31K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$60K
Pension plan contributionsLn 8$875
Payroll taxesLn 10$6K
Accounting feesLn 11c$10K
Advertising and promotionLn 12$162K
Office expensesLn 13$11K
Information technologyLn 14$2K
OccupancyLn 16$2K
InsuranceLn 23$8K
Other expenses (24a–d)Ln 24$8K
Total functional expensesLn 25$270K$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $249K$270K−$21K−$31K 990 PDF
FY2024 $251K$279K−$27K−$11K 990 PDF
FY2023 $255K$322K−$67K$17K 990 PDF
FY2022 $276K$261K$15K$84K 990 PDF
FY2021 $197K$211K−$14K$69K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $248,675 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $105,130$66,298
I-9 Program service revenuePrior year $146,270$182,377
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $251,400$248,675
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $105,941$66,498
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $172,657$203,052
I-18 Total expensesPrior year $278,598$269,550
I-19 Revenue less expensesPrior year −$27,198−$20,875
Part VI · Governance 14 of 14 board members independent, 3 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $248,675 across 5 lines filed
VIII-1b Membership dues$14,050
VIII-1e Government grants$52,248
VIII-1h Total contributions, gifts and grants$66,298
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $182,377$182,377
VIII-12 Total revenueRelated to mission $182,377$248,675
Part IX · Statement of functional expenses $269,550 across 10 lines filed
IX-7 Other salaries and wages$60,000
IX-8 Pension plan contributions$875
IX-10 Payroll taxes$5,623
IX-11c Accounting fees$9,675
IX-12 Advertising and promotion$162,000
IX-13 Office expenses$11,161
IX-14 Information technology$2,241
IX-16 Occupancy$2,473
IX-23 Insurance$7,668
IX-24 Other expenses (24a–d)$7,834
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$269,550
Part X · Balance sheet $14,258 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $22,892$14,258
X-16 Total assetsStart of year $22,892$14,258
X-24 Unsecured notes and loans payableStart of year $33,418$45,659
X-26 Total liabilitiesStart of year $33,418$45,659
X-27 Net assets without donor restrictionsStart of year −$17,240−$34,255
X-28 Net assets with donor restrictionsStart of year $6,714$2,854
X-32 Total net assets or fund balancesStart of year −$10,526−$31,401
X-33 Total liabilities and net assetsStart of year $22,892$14,258
Part XI · Reconciliation of net assets −$31,401 net assets at year end
XI-1 Total revenue$248,675
XI-2 Total expenses$269,550
XI-3 Revenue less expenses−$20,875
XI-4 Net assets at start of year−$10,526
XI-10 Net assets at end of year−$31,401

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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