Nonprofit · EIN 73-1129417
RURAL ENTERPRISES OF OKLAHOMA INC
Tax-exempt · DURANT, OK 74701
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $6,778,906 | $5,591,626 | $1,187,280 | $38,133,420 | $2,359,494 | $35,773,926 |
| December 31, 2023 | 990 | $6,534,518 | $6,123,729 | $410,789 | $36,084,309 | $2,226,422 | $33,857,887 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $3,754,569
- of which government grants
- $3,724,296
- Program service revenue
- $2,444,992
- Investment income
- $579,345
- Net gain from sales of assets
- $293,023
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $861,772
- Compensation of officers, directors and key employees
- $1,828,292
- Other salaries and wages
- $619,347
- Salaries, compensation and benefits (total)
- $3,306,644
- Professional fundraising fees
- $0
- Legal fees
- $13,678
- Accounting fees
- $34,821
- Occupancy
- $100,994
- Travel
- $68,234
- Depreciation
- $254,124
- Program services (functional)
- $3,697,654
- Management and general (functional)
- $1,893,972
Balance sheet and other
- Total assets, start of year
- $36,084,309
- Total assets, end of year
- $38,133,420
- Total liabilities, end of year
- $2,359,494
- Net assets, end of year
- $35,773,926
- Land, buildings and equipment
- $6,577,307
- Publicly traded securities
- $8,143,385
- Net assets without donor restrictions
- $35,773,926
- Gross receipts
- $6,951,366
- Employees
- 42
- Volunteers
- 10
- Year formed
- 1982
- 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 | Other / benefits |
|---|---|---|---|---|
| SCOTT DEWALD | PRESIDENT/CEO Officer | 17 | $487,375 | $42,667 |
| SHERRY HARLIN | COO Officer | 36 | $330,554 | $28,568 |
| DEBBIE PARTIN | SVP-LENDING Officer | 12 | $260,220 | $26,713 |
| LORI HILL | CFO Officer | 13 | $250,232 | $23,041 |
| DENA SHERRILL | VP-HOUSING Officer | 36 | $189,188 | $20,936 |
| JAMES HARRINGTON | VP-BUSINESS RESOURCES Officer | 36 | $144,072 | $24,726 |
| SUSAN BATES | SR. LOAN OFFICER Highest-paid employee | 36 | $143,427 | $16,736 |
| MELANIE ANTHONY | SR DIRECTOR OF MARKETING Highest-paid employee | 36 | $129,558 | $16,974 |
| JEREMY LAYMAN | HOUSING MANAGER Highest-paid employee | 36 | $109,171 | $18,181 |
| HEIDI MCKNIGHT | HR BENEFITS ADMINISTRATOR Highest-paid employee | 36 | $106,023 | $8,891 |
| AUTUMN THURMAN | CONTROLLER Highest-paid employee | 36 | $106,540 | $5,543 |
| JEFF GREENLEE | CHAIRMAN Trustee or director | 1 | $0 | $0 |
| BRIAN ALFORD | VICE CHAIRMAN Trustee or director | 1 | $0 | $0 |
| CLAYTON LODES | SECRETARY/TREASURER Trustee or director | 1 | $0 | $0 |
| KYLE HUGHBANKS | DIRECTOR Trustee or director | 1 | $0 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GARY SHERRER | DIRECTOR Trustee or director | 1 | $0 |
| MARTIN VANMETER | DIRECTOR Trustee or director | 1 | $0 |
| DR FERN GREEN-BOWLING | DIRECTOR Trustee or director | 1 | $0 |
| CLAYTON TAYLOR | DIRECTOR Trustee or director | 1 | $0 |
| CHRIS MEYERS | DIRECTOR Trustee or director | 1 | $0 |
| JOHN HARPER | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 19 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SCOTT DEWALD | PRESIDENT/CEO Officer | 17 | $367,657 | $49,155 |
| SHERRY HARLIN | COO Officer | 36 | $247,131 | $32,128 |
| DEBBIE PARTIN | SVP-LENDING Officer | 12 | $217,316 | $27,637 |
| LORI HILL | CFO Officer | 17 | $214,406 | $15,926 |
| DENA SHERRILL | VP-HOUSING Officer | 36 | $151,037 | $22,075 |
| SHANNON MULKEY | DIRECTOR OF ADMIN SERV Highest-paid employee | 36 | $137,380 | $9,248 |
| SUSAN BATES | SR. LOAN OFFICER Highest-paid employee | 36 | $122,261 | $16,044 |
| MELANIE ANTHONY | SR DIRECTOR OF MARKETING Highest-paid employee | 36 | $106,502 | $17,889 |
| JAMES HARRINGTON | VP-BUSINESS RESOURCES Officer | 36 | $91,957 | $23,179 |
| JOHN HARPER | CHAIRMAN Trustee or director | 1 | $0 | $0 |
| JEFF GREENLEE | VICE-CHAIRMAN/TREASURER Trustee or director | 1 | $0 | $0 |
| BRIAN ALFORD | SECRETARY Trustee or director | 1 | $0 | $0 |
| KYLE HUGHBANKS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GARY SHERRER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARTIN VANMETER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DR FERN GREEN-BOWLING | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CLAYTON TAYLOR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHRIS MEYERS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CLAYTON LODES | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2912 ENTERPRISE DRIVE, DURANT, OK 74701-1954
- In care of
- % LORI HILL
- Principal officer (990 for 2024)
- SCOTT DEWALD, 2912 ENTERPRISE DRIVE, DURANT, OK 74701
- Signed the 990
- SCOTT DEWALD, CEO/PRESIDENT
- Phone
- (580) 924-5094
- Website
- WWW.REIOK.ORG
- Return prepared by
- HOGANTAYLOR LLP
Mission
REI OKLAHOMA EXPANDS ECONOMIC OPPORTUNITIES FOR OKLAHOMANS BY PROVIDING FLEXIBLE FINANCING AND DEVELOPMENT SERVICES TO INDIVIDUALS, BUSINESSES, AND ENTREPRENEURS WITH LIMITED ACCESS TO RESOURCES.
Program accomplishments
- ASSISTANCE TO ENTREPRENEURS INCLUDING TRAINING, BUSINESS RENTAL SPACE, AND DEVELOPMENT CAPITAL IN THE FORM OF LOANS WHICH ARE USED AS A BASIS TO LEVERAGE PUBLIC AND PRIVATE RESOURCES NECESSARY TO ESTABLISH OR EXPAND BUSINESSES IN OKLAHOMA.Expenses $2,298,126 · grants $261,975 · revenue $1,053,600
- RURAL ENTERPRISES OF OKLAHOMA, INC. OFFERS MULTIPLE HOUSING OPPORTUNITIES FOR ELIGIBLE BORROWERS THROUGHOUT THE STATE OF OKLAHOMA. THE PROGRAMS INCLUDES AN OFFERING OF DOWN PAYMENT ASSISTANCE. REI ALSO PROVIDES FINANCING IN THE FORM OF LOANS FOR HOUSING PROJECTS SERVING VERY LOW AND LOW INCOME TENANTS.Expenses $1,399,528 · grants $599,797 · revenue $1,391,392
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
- 73-1129417
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1982
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S32Z)
- Assets (IRS master file)
- $38,133,420
- Income (IRS master file)
- $6,951,366
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $6,778,906 | $5,591,626 | $38,133,420 | XML |
| 990 | December 2023 | $6,534,518 | $6,123,729 | $36,084,309 | XML |
| 990 | December 2022 | $7,140,966 | $10,874,682 | $34,541,112 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 73-1129417).
Questions about RURAL ENTERPRISES OF OKLAHOMA INC
- What is the EIN of RURAL ENTERPRISES OF OKLAHOMA INC?
- The employer identification number (EIN) of RURAL ENTERPRISES OF OKLAHOMA INC is 73-1129417.
- Is RURAL ENTERPRISES OF OKLAHOMA INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1982.
- Are donations to RURAL ENTERPRISES OF OKLAHOMA INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does RURAL ENTERPRISES OF OKLAHOMA 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 RURAL ENTERPRISES OF OKLAHOMA 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 RURAL ENTERPRISES OF OKLAHOMA INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of RURAL ENTERPRISES OF OKLAHOMA INC?
- The 990 for the year ended December 31, 2024 names SCOTT DEWALD.
- Who are the officers and directors of RURAL ENTERPRISES OF OKLAHOMA INC?
- The 990 for the year ended December 31, 2024 lists 21 people; 11 received compensation from the organization, the highest $487,375 (SCOTT DEWALD, PRESIDENT/CEO).
- How much revenue does RURAL ENTERPRISES OF OKLAHOMA INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $6,778,906, expenses of $5,591,626 and total assets of $38,133,420 at year end.
Other nonprofits in DURANT
- REI DEVELOPMENT CORP EIN 30-0071074 · last filed 990 for 2024
- LEGACY TITLE HOLDING CORPORATION EIN 46-5430970 · last filed 990 for 2025
- REI CAPITAL ACCESS FUND INC EIN 87-4562958 · last filed 990 for 2024
- DURANT MAIN STREET EIN 73-1518758 · last filed 990 for 2025
- CRAFT BREWERS ASSOCIATION OF OKLAHOMA INC EIN 47-4952532 · last filed 990-EZ for 2024
- OKLAHOMA MEDICAL EQUIPMENT PROVIDERS ASSOCIATION INC EIN 82-3060887 · last filed 990-EZ for 2025
- WEST DURANT MERCHANTS ASSOCIATION EIN 93-3043986 · last filed 990-EZ for 2025
- DURANT EDUCATION AND SERVICE SORORITY EIN 30-1446954 · last filed 990-N for 2025
All nonprofits in DURANT · Oklahoma · Community improvement and capacity building