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Nonprofiteer
← TULSAS BACKYARD INITIATIVE FUND

Form 990 for tax year 2024

Filed by TULSAS BACKYARD INITIATIVE FUND.

Totals

Total revenue
$205,283
Total expenses
$495,049
Contributions and grants received
$5,283
Grants paid
$0
Program service revenue
$200,000
Investment income
$0
Other revenue
$0
Total assets, end of year
$11,626,454
Total liabilities, end of year
$7,000,000
Net assets or fund balances, end of year
$4,626,454
Program services expenses (Part IX)
$473,992
Management and general expenses
$21,057
Fundraising expenses
$0
Program service expenses (Part III)
$473,992

Program services were 95.7% 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

    $5,283

  • 2a · Program service revenue: RENTAL OF H&K KAISER B

    total $200,000 · related or exempt $200,000

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $13,400 · management and general $13,400

  • 20 · Interest

    total $131,250 · program services $129,385 · management and general $1,865

  • 22 · Depreciation, depletion and amortization

    total $348,516 · program services $344,607 · management and general $3,909

  • 23 · Insurance

    total $1,883 · management and general $1,883

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $424,875 · end of year $483,625

  • 9 · Prepaid expenses and deferred charges

    beginning of year $942 · end of year $942

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

    $12,737,676

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

    $1,770,776

  • 10c · Land, buildings and equipment, net

    beginning of year $11,265,270 · end of year $10,966,900

  • 14 · Intangible assets

    beginning of year $225,133 · end of year $174,987

  • 23 · Secured mortgages and notes payable

    beginning of year $7,000,000 · end of year $7,000,000

  • 27 · Net assets without donor restrictions

    beginning of year $4,916,220 · end of year $4,626,454

Mission and programs · 2024

Mission

THE CHARITABLE PURPOSES OF THE ORGANIZATION INCLUDE QUALIFYING AS A QUALIFIED ACTIVE LOW INCOME COMMUNITY BUSINESS TO HOLD, DEVELOP, OWN THE HERMAN AND KATE KAISER PROPERTY AND LEASE IT TO THE YMCA OF GREATER TULSA, AN OKLAHOMA NONPROFIT CORPORATION, AND TO PROVIDE FINANCIAL AND OTHER SUPPORT AND RESOURCES TO ASSIST THE TULSA YMCA IN THE ADMINISTRATION AND PROVISION OF ITS CHARITABLE PROGRAMS AND SERVICES.

Activities or mission (Part I)

HOLD, DEVELOP, AND OWN THE H&K KAISER PROPERTY AND LEASE IT BACK TO THE YMCA OF GREATER TULSA

  • HOLD, DEVELOP, AND OWN THE HERMAN AND KATE KAISER PROPERTY AND LEASE IT BACK TO THE YMCA OF GREATER TULSA, AN OKLAHOMA NONPROFIT CORPORATION, AND TO PROVIDE FINANCIAL AND OTHER SUPPORT AND RESOURCES TO ASSIST THE TULSA YMCA IN THE ADMINISTRATION AND PROVISION OF ITS CHARITABLE PROGRAMS AND SERVICES.

    Expenses $473,992 · Revenue $200,000

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • MITCH DRUMMOND

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • ANNE ADAMS

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • KELLY BERRY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • TREY EAGLETON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • PATTIE COLLINS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

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.

Provenance

Return type
form_990
Tax year
2024
Filed
17 October 2025
IRS schema version
2024v5.2
Source object
202503049349300900

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