Cushing Chamber Foundation for Progress INC FY2024 filing

Tax-deductible

Cushing, OK501(c)(3)EducationEIN 73-1571235Revenue $28K in FY2024

On file with the IRS1301 E Main St, 74023-3049 · Cushing, OKTax-exempt since Oct 1999Publicly supported charity — 170(b)(1)(A)(vi)

This page gets seen. Tell your story. Claim this org.

Community & economic enhancement

501(c)(3) charity; gifts are tax-deductible.
7¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
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
3 of 6
filings with a surplus
Average surplus $14K a year · 29% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
7%
of spending
Concern: 7% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
122 mo
of spending, in cash
Looks good: 121.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$3K
1.0% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 6 voting members
Concern: none of 6 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$28K
-79% vs prior year
Spent
$15K
To programs
7%
Net assets
$332K
By yearFY2020–FY2025
Revenue
$28K
FY2024▼ -79%
Tap a bar for its year
Revenue by fiscal year
FY2020$102K
FY2021$32K
FY2022−$9K
FY2023$133K
FY2024$28K
FY2025$6K
Expenses
$15K
FY2024▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$11K
FY2021$98K
FY2022$41K
FY2023$14K
FY2024$15K
FY2025$27K
Net assets
$332K
FY2024▲ +4%
Tap a bar for its year
Net assets by fiscal year
FY2020$316K
FY2021$251K
FY2022$200K
FY2023$319K
FY2024$332K
FY2025$311K

From the FY2024 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1999.

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

Where the money goes

7 cents of each dollar spent went to programs.

Program services 7% · $1K Management & general 93% · $14K

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

Something off? The org can add a note here. Claim this org to fix it.

Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Executive Dir.
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Cushing Chamber Foundation for Progress INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Claim this org to fix it.

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 15aNo

Programs and updates

Improves communities and economies through targeted programs and initiatives.

Questions for Cushing Chamber Foundation for Progress INC

Tap to ask. Cushing Chamber Foundation for Progress INC sees how many people are interested.

Your first name shows with your question. Cushing Chamber Foundation for Progress INC answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

1 program · $1K · in their own filed words · FY2024
01

Donations to various non-profit organizations

$1Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 3 grants · $25K · 2021–2025
Rotary of CushingFY2025$6,200
Rotary of CushingFY2022$7,000
Cushing Chamber of CommerceOK · FY2021$12,061

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$28K
Ln 12
Gifts and grantsLn 1h$141K
Money outPt IX
$15K
Ln 25
Programscol B$1K
Managementcol C$14K
Owns and owesPt X
$332K
net assets · Ln 32
Cash and savingsLn 1–2$153K
Total assetsLn 16$335K
LiabilitiesLn 26$3K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$141K
Noncash giftsLn 1g$140K
Gains on assetsLn 7−$113K
Total revenueLn 12$28K
Assets in detailPt X, end of year
CashLn 1$153K
SavingsLn 2$0
Cash and savings togetherLn 1–2$153K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$182K
Other assetsLn 15$0
Total assetsLn 16$335K
LiabilitiesLn 26$3K
Net assetsLn 32$332K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$161K$153K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$158K$182K
Total assetsLn 16$319K$335K
LiabilitiesLn 26$1$3K
Net assetsLn 32$319K$332K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1K$1K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$600$600
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$259$259
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$13K$13K
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$65$65
All other expensesLn 24e$0
Total functional expensesLn 25$15K$1K$14K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $6K$27K−$21K$311K 990 PDF
FY2024 Viewing $28K$15K$13K$332K 990 PDF
FY2023 $133K$14K$119K$319K 990 PDF
FY2022 −$9K$41K−$51K$200K 990 PDF
FY2021 $32K$98K−$65K$251K 990 PDF
FY2020 $102K$11K$91K$316K 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 FY2024 990 (6 parts)
Part I · Summary $28,085 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $125,000$141,100
I-9 Program service revenuePrior year $8,250$0
I-10 Investment income−$113,015
I-11 Other revenue$0
I-12 Total revenuePrior year $133,250$28,085
I-13 Grants and similar amounts paidPrior year $1,770$1,000
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $12,729$14,106
I-18 Total expensesPrior year $14,499$15,106
I-19 Revenue less expensesPrior year $118,751$12,979
Part VI · Governance 0 of 6 board members independent, 4 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $28,085 across 9 lines filed
VIII-1f All other contributions, gifts and grants$141,100
VIII-1g Noncash contributions (included above)$140,000
VIII-1h Total contributions, gifts and grants$141,100
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsRelated to mission −$113,015−$113,015
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission −$113,015$28,085
Part IX · Statement of functional expenses $15,106 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $1,000$1,000
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $600$600
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expensesManagement $259$259
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationManagement $13,182$13,182
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Management $65$65
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $1,000 · Management $14,106 · Fundraising $0$15,106
Part X · Balance sheet $335,210 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $161,327$153,129
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $157,687$182,081
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $319,014$335,210
X-17 Accounts payable and accrued expenses$3,216
X-25 Other liabilitiesStart of year $1$2
X-26 Total liabilitiesStart of year $1$3,218
X-27 Net assets without donor restrictionsStart of year $319,013$331,992
X-32 Total net assets or fund balancesStart of year $319,013$331,992
X-33 Total liabilities and net assetsStart of year $319,014$335,210
Part XI · Reconciliation of net assets $331,992 net assets at year end
XI-1 Total revenue$28,085
XI-2 Total expenses$15,106
XI-3 Revenue less expenses$12,979
XI-4 Net assets at start of year$319,013
XI-10 Net assets at end of year$331,992

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.