Totals
- Total revenue
- $5,985,065
- Total expenses
- $283,462
- Contributions and grants received
- $166,430
- Grants paid
- $500
- Program service revenue
- $5,818,635
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $21,788,098
- Total liabilities, end of year
- $8,195,784
- Net assets or fund balances, end of year
- $13,592,314
- Program services expenses (Part IX)
- $258,158
- Management and general expenses
- $25,304
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $258,158
Program services were 91.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$166,430
-
2a · Program service revenue: RENTAL INCOME
total $5,818,635 · related or exempt $5,818,635
-
8c · Net income from fundraising events
total $0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $500 · program services $500
-
11b · Fees: legal
total $5,167 · management and general $5,167
-
11c · Fees: accounting
total $13,276 · management and general $13,276
-
11f · Fees: investment management
total $3,753 · program services $3,753
-
12 · Advertising and promotion
total $4,500 · management and general $4,500
-
13 · Office expenses
total $204 · management and general $204
-
20 · Interest
total $250,000 · program services $250,000
-
23 · Insurance
total $1,037 · program services $1,037
-
24a · Other expenses: DUES & SUBSCRIPTIONS
total $2,157 · management and general $2,157
-
24b · Other expenses: TAXES & LICENSES
total $2,868 · program services $2,868
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $4,020,243 · end of year $4,487,301
-
2 · Savings and temporary cash investments
end of year $4,310,000
-
10a · Land, buildings and equipment: cost or other basis
$12,990,797
-
10c · Land, buildings and equipment, net
beginning of year $12,566,252 · end of year $12,990,797
-
23 · Secured mortgages and notes payable
beginning of year $8,695,784 · end of year $8,195,784
-
27 · Net assets without donor restrictions
beginning of year $7,890,711 · end of year $13,592,314
Mission and programs · 2024
Mission
TO BENEFIT, PERFORM THE FUNCTIONS OF, OR CARRY OUT THE PURPOSES OF ASTEC, INC., AN OKLAHOMA NOT-FOR-PROFIT CORPORATION. ASTEC FUND, INC., WILL RAISE FUNDS FROM PUBLIC AND PRIVATE SOURCES AND MANAGE PROPERTY TO SUPPORT EDUCATION PROGRAMS OF ASTEC, INC.
-
ASTEC FUND, INC. OWNS 19.9 ACRES OF LAND IN OKLAHOMA CITY, OK FOR DEVELOPMENT AND USE BY ASTEC, INC, AS A SCHOOL FACILITY. IN 2022, ASTEC ELEMENTARY HAD ITS FIRST FULL YEAR OF IN-SCHOOL INSTRUCTION IN THE NEW BUILDING.
Expenses $258,158 · Revenue $5,985,065
As filed on the 2024 return.
Listed in Part VII
-
Jerry BurgerJERRY BURGER
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Judy HatfieldJUDY HATFIELD
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Kerry AlexanderKERRY ALEXANDER
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Lou C KerrLOU C KERR
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Donnie JonesDONNIE JONES
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Bradley JordanBRADLEY JORDAN
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Rita MooreRITA MOORE
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Clayton MossCLAYTON MOSS
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Doug FullerDOUG FULLER
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Freda DeskinFREDA DESKIN
EXECUTIVE DIRECTOR
- Total calculated
- $0
- Hours/week
- 3.5 + 40 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501c3 · EDUCATION · OK
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 13 March 2025
- IRS schema version
- 2024v5.1
- Source object
- 202511269349301701
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