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Nonprofiteer
← CFBEO REAL ESTATE INC

Form 990 for tax year 2024

Filed by CFBEO REAL ESTATE INC.

Totals

Total revenue
$259,360
Total expenses
$1,697,377
Contributions and grants received
$92,860
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$166,500
Total assets, end of year
$35,317,168
Total liabilities, end of year
$16,050,000
Net assets or fund balances, end of year
$19,267,168
Program services expenses (Part IX)
$1,678,457
Management and general expenses
$18,920
Fundraising expenses
$0
Program service expenses (Part III)
$1,678,457

Program services were 98.9% 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.

  • 1d · Related organizations

    $92,860

  • 6a · Gross rents

    real property $166,500

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $166,500

  • 6d · Net rental income or loss

    total $166,500 · related or exempt $166,500

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $2,000 · management and general $2,000

  • 11g · Fees: other

    total $16,920 · management and general $16,920

  • 20 · Interest

    total $189,950 · program services $189,950

  • 22 · Depreciation, depletion and amortization

    total $1,488,507 · program services $1,488,507

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $582,407 · end of year $494,000

  • 10a · Land, buildings and equipment: cost or other basis

    $35,838,967

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,650,667

  • 10c · Land, buildings and equipment, net

    beginning of year $35,469,115 · end of year $34,188,300

  • 15 · Other assets

    beginning of year $703,663 · end of year $634,868

  • 23 · Secured mortgages and notes payable

    beginning of year $16,050,000 · end of year $16,050,000

  • 27 · Net assets without donor restrictions

    beginning of year $20,705,185 · end of year $19,267,168

Mission and programs · 2024

Mission

TO PROVIDE INVESTMENT INTO NEW MARKET TAX CREDITS TO BENEFIT THE COMMUNITY FOOD BANK OF EASTERN OKLAHOMA.

  • THE CFBEO REAL ESTATE'S SOLE ACTIVITY WILL BE THE OWNERSHIP, MANAGEMENT, AND LEASE OF THE FACILITY TO COMMUNITY FOOD BANK OF EASTERN OKLAHOMA (CFBEO) IN SUCH A MANNER THAT WILL FURTHER THE CHARITABLE MISSION OF CFBEO AND THE CORPORATION.

    Expenses $1,678,457 · Revenue $166,500

As filed on the 2024 return.

Listed in Part VII

  • JEFFREY MARLOW

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $177,799
    From this org
    $0
    From related orgs
    $164,941
    Other
    $12,858
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $164,403 related
    Bonus
    $0 + $538 related
    Other
    $0
    Deferred
    $0 + $5,637 related
    Nontaxable benefits
    $0 + $7,221 related
    Filer's total
    $0 + $177,799 related

  • KARLA DAVIS

    CHIEF FINANCE OFFICER

    Total calculated
    $140,120
    From this org
    $0
    From related orgs
    $125,450
    Other
    $14,670
    Hours/week
    1 + 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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
15 May 2026
IRS schema version
2024v5.5
Source object
202601359349309480

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