Cdfi Friendly Tulsa INC

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CDFI Friendly Tulsa is bringing capital to Tulsa to address a range of unmet financing needs in communities of color.

501(c)(3) charity; gifts are tax-deductible.
39¢ of each $1 spent went to programs.
$120K 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

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
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
Spent on programs
39%
of spending
Concern: 39% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$120K
to officers and key staff · 64% of spending
Concern: pay to officers and key staff is 64% of spending; over 30%.
Pt VII · Sec A
23 mo
of spending, in cash
Looks good: 22.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $379K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$548K
Spent
$189K
To programs
39%
Net assets
$359K

From the FY2024 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2024.

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

Where the money goes

39 cents of each dollar spent went to programs.

Program services 39% · $74K Management & general 61% · $115K

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

Something off? Claim to add context

Who runs it and what they're paid

10 people listed on the 990; $120K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$120,191Pt VII · Sec A
Board President
$0Pt VII · Sec A
Vice President of the Board
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Ex Officio Board Member
$0Pt VII · Sec A
Ex Officio Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Isaiah Coleman’s $120K as Executive Director is at the 84th percentile of top reported officer pay among 1043 $100K–1M public & societal benefit 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.

See Cdfi Friendly Tulsa INC executive salaries →

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 capital to Tulsa communities of color for unmet financing needs.

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1 program · $74K · in their own filed words · FY2024
01

CDFI Friendly Tulsa (CFT) generated over $58 million in financing demand for small businesses, real estate, and affordable housing in Tulsa. Of prospective borrowers, 77% are BIPOC, 69% Black or African American, and 53% women. This reflected over 125 community engagements.

$74Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$379K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$548K
Ln 12
Gifts and grantsLn 1h$548K
Investment incomeLn 3$3
Money outPt IX
$189K
Ln 25
Programscol B$74K
Managementcol C$115K
Owns and owesPt X
$359K
net assets · Ln 32
Cash and savingsLn 1–2$359K
Total assetsLn 16$359K
LiabilitiesLn 26$0
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$548K
Investment incomeLn 3$3
Total revenueLn 12$548K
Assets in detailPt X, end of year
CashLn 1$359K
SavingsLn 2$3
Cash and savings togetherLn 1–2$359K
Total assetsLn 16$359K
LiabilitiesLn 26$0
Net assetsLn 32$359K
OperationsPt I, VI
EmployeesI 51
VolunteersI 60
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$359K
Total assetsLn 16$0$359K
LiabilitiesLn 26$0$0
Net assetsLn 32$0$359K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$120K$53K$67K$0
Other salaries and wagesLn 7$5K$0$5K$0
Payroll taxesLn 10$9K$4K$5K$0
Legal feesLn 11b$20K$4K$16K$0
Other fees for servicesLn 11g$11K$4K$7K$0
Advertising and promotionLn 12$232$0$232$0
Office expensesLn 13$1K$676$731$0
Information technologyLn 14$440$276$164$0
OccupancyLn 16$9K$3K$6K$0
TravelLn 17$10K$5K$5K$0
Conferences, conventions and meetingsLn 19$2K$0$2K$0
Total functional expensesLn 25$189K$74K$115K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Nov 17, 2025 $548K$189K$359K$359K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $548,081 revenue, 12 lines filed
I-8 Contributions and grants$548,078
I-9 Program service revenue$0
I-10 Investment income$3
I-11 Other revenue$0
I-12 Total revenue$548,081
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$134,559
I-16a Professional fundraising fees$0
I-17 Other expenses$54,280
I-18 Total expenses$188,839
I-19 Revenue less expenses$359,242
Part VI · Governance 5 of 5 board members independent, 3 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
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 $548,081 across 4 lines filed
VIII-1f All other contributions, gifts and grants$548,078
VIII-1h Total contributions, gifts and grants$548,078
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$3
VIII-12 Total revenueRelated to mission $3 · Unrelated business $0 · Excluded from tax $0$548,081
Part IX · Statement of functional expenses $188,839 across 11 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $52,884 · Management $67,307 · Fundraising $0$120,191
IX-7 Other salaries and wagesPrograms $0 · Management $5,000 · Fundraising $0$5,000
IX-10 Payroll taxesPrograms $4,122 · Management $5,246 · Fundraising $0$9,368
IX-11b Legal feesPrograms $3,569 · Management $16,435 · Fundraising $0$20,004
IX-11g Other fees for servicesPrograms $3,994 · Management $7,176 · Fundraising $0$11,170
IX-12 Advertising and promotionPrograms $0 · Management $232 · Fundraising $0$232
IX-13 Office expensesPrograms $676 · Management $731 · Fundraising $0$1,407
IX-14 Information technologyPrograms $276 · Management $164 · Fundraising $0$440
IX-16 OccupancyPrograms $3,357 · Management $5,785 · Fundraising $0$9,142
IX-17 TravelPrograms $4,767 · Management $4,918 · Fundraising $0$9,685
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $2,200 · Fundraising $0$2,200
IX-25 Total functional expensesPrograms $73,645 · Management $115,194 · Fundraising $0$188,839
Part X · Balance sheet $359,243 assets, 7 lines filed
X-1 Cash, non-interest-bearing$359,240
X-2 Savings and temporary cash investments$3
X-16 Total assetsStart of year $0$359,243
X-26 Total liabilitiesStart of year $0$0
X-31 Retained earnings or endowment$359,243
X-32 Total net assets or fund balancesStart of year $0$359,243
X-33 Total liabilities and net assetsStart of year $0$359,243
Part XI · Reconciliation of net assets $359,243 net assets at year end
XI-1 Total revenue$548,081
XI-2 Total expenses$188,839
XI-3 Revenue less expenses$359,242
XI-9 Other changes in net assets$1
XI-10 Net assets at end of year$359,243

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

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