Nonprofit · EIN 45-5343102
ASTEC FUND INC
Tax-exempt · OKLAHOMA CITY, OK 73107
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $5,985,065 | $283,462 | $5,701,603 | $21,788,098 | $8,195,784 | $13,592,314 |
| December 31, 2023 | 990 | $4,841,978 | $559,898 | $4,282,080 | $16,586,495 | $8,695,784 | $7,890,711 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $166,430
- Program service revenue
- $5,818,635
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $500
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $5,167
- Accounting fees
- $13,276
- Program services (functional)
- $258,158
- Management and general (functional)
- $25,304
Balance sheet and other
- Total assets, start of year
- $16,586,495
- Total assets, end of year
- $21,788,098
- Total liabilities, end of year
- $8,195,784
- Net assets, end of year
- $13,592,314
- Land, buildings and equipment
- $12,990,797
- Net assets without donor restrictions
- $13,592,314
- Gross receipts
- $5,985,065
- Employees
- 0
- Year formed
- 2012
- State of legal domicile
- OK
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JERRY BURGER | MEMBER Trustee or director | 1 | $0 |
| JUDY HATFIELD | MEMBER Trustee or director | 1 | $0 |
| KERRY ALEXANDER | MEMBER Trustee or director | 1 | $0 |
| LOU C KERR | MEMBER Trustee or director | 1 | $0 |
| DONNIE JONES | MEMBER Trustee or director | 1 | $0 |
| BRADLEY JORDAN | MEMBER Trustee or director | 1 | $0 |
| RITA MOORE | MEMBER Trustee or director | 1 | $0 |
| CLAYTON MOSS | MEMBER Trustee or director | 1 | $0 |
| DOUG FULLER | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| FREDA DESKIN | EXECUTIVE DIRECTOR Officer | 3.5 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| FREDA DESKIN | EXECUTIVE DIRECTOR Officer | 3.5 | $0 | $224,865 |
| BRADLEY JORDAN | MEMBER Trustee or director | 1 | $0 | $0 |
| DONNIE JONES | MEMBER Trustee or director | 1 | $0 | $0 |
| CLAYTON MOSS | MEMBER Trustee or director | 1 | $0 | $0 |
| RITA MOORE | MEMBER Trustee or director | 1 | $0 | $0 |
| LOU C KERR | MEMBER Trustee or director | 1 | $0 | $0 |
| JERRY BURGER | MEMBER Trustee or director | 1 | $0 | $0 |
| JUDY HATFIELD | MEMBER Trustee or director | 1 | $0 | $0 |
| KERRY ALEXANDER | MEMBER Trustee or director | 1 | $0 | $0 |
| DOUG FULLER | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2401 NW 23RD ST STE 39A, OKLAHOMA CITY, OK 73107-2450
- In care of
- % FREDA DESKIN
- Signed the 990
- FREDA DESKIN, EXECUTIVE DIRECTOR
- Phone
- (405) 947-6272
- Return prepared by
- JJ Woodie CPA
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.
Program accomplishments
- 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
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 45-5343102
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type II
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B11)
- Assets (IRS master file)
- $21,788,098
- Income (IRS master file)
- $5,985,065
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $5,985,065 | $283,462 | $21,788,098 | IRS |
| 990 | December 2023 | $4,841,978 | $559,898 | $16,586,495 | XML |
| 990 | December 2022 | $1,841,987 | $465,099 | $12,017,575 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 45-5343102).
Questions about ASTEC FUND INC
- What is the EIN of ASTEC FUND INC?
- The employer identification number (EIN) of ASTEC FUND INC is 45-5343102.
- Is ASTEC FUND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to ASTEC FUND INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does ASTEC FUND INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ASTEC FUND INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ASTEC FUND INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who are the officers and directors of ASTEC FUND INC?
- The 990 for the year ended December 31, 2024 lists 10 people; 0 received compensation from the organization.
- How much revenue does ASTEC FUND INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $5,985,065, expenses of $283,462 and total assets of $21,788,098 at year end.
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