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Astec Fund Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 455343102 ✦ Oklahoma city, OK ✦ Designated as a 501(c)(3)

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Overview

What is Astec Fund Inc?

Astec Fund Inc is a nonprofit organization situated in Oklahoma City, Oklahoma. Its primary mission is to fundraise and manage property to support Astec Inc., an Oklahoma not-for-profit corporation, which operates Astec Charter Schools. Astec Fund Inc. owns a 19.9-acre land in Oklahoma City, which Astec, Inc., utilizes as a school facility. In 2022, Astec Elementary conducted in-school instruction in this new building. The primary objective of Astec Fund Inc. is to contribute to the educational programs and initiatives of Astec, Inc. by raising funds from various sources and managing relevant property.


Official website here: www.astec-k12.com/our-foundation

Is Astec Fund Inc legitimate?

Astec Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Astec Fund Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.astec-k12.com/our-foundation

What is the mission statement of Astec Fund Inc?

Astec Fund Inc's mission is to support Astec Inc., a non-profit organization, by raising funds from various sources and managing property. This is done to contribute to the education programs offered by Astec Inc. Astec Fund Inc. owns a piece of land, specifically 19.9 acres, which is utilized as a school facility by Astec Inc. In 2022, Astec Elementary conducted its academic year within this new building, marking a significant development in the school's instructional environment.


Official website here: www.astec-k12.com/our-foundation

Who is the CEO of Astec Fund Inc?

Freda Deskin Phd is the Chairman of Astec Fund Inc.


Official website here: www.astec-k12.com/our-foundation

What is the revenue of Astec Fund Inc?

Astec Fund Inc's revenue in 2022 was $1,841,987.


Official website here: www.astec-k12.com/our-foundation

Who are the executives of Astec Fund Inc and what are their salaries?

There 20 volunteers at Astec Fund Inc.


Here are 10 key members and their salaries:


Doug Fuller (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jerry Burger (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Judy Hatfield (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kerry Alexander (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lou C Kerr (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donnie Jones (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bradley Jordan (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rita Moore (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Clayton Moss (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Freda Deskin (Executive Director)
  • Compensation: $0
  • Related: $210,083
  • Other: $14,782


Official website here: www.astec-k12.com/our-foundation

Where can I find the form 990 for Astec Fund Inc?

Astec Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.astec-k12.com/our-foundation

Learn more at the official website: www.astec-k12.com/our-foundation

Mission Statement of Astec Fund Inc

Astec Fund Inc, as a supporting entity, is dedicated to benefiting and carrying out the purposes of Astech, Inc., a non-profit organization based in Oklahoma. The primary role of Astec Fund Inc is to raise funds from various sources and manage property, using these resources to bolster the educational programs offered by Astech, Inc. Through its efforts, Astec Fund Inc contributes significantly to the mission of Astech Inc.

In 2022, Astec Fund Inc demonstrated its commitment to this mission by supporting the construction of a new school facility for Astech Elementary. This new building, located on 19.9 acres of land owned by Astec Fund Inc in Oklahoma City, provided a conducive environment for in-school instruction. The successful implementation of in-school instruction in this new facility underscores the impact of Astec Fund Inc's efforts in supporting Astech, Inc.'s mission.

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Impact




October, 2024

Astec Fund Inc significantly impacts education in Oklahoma City by providing crucial support for the development and management of facilities for Astec Inc., which operates Astec Charter Schools. Owning 19.9 acres of land in Oklahoma City, the organization fosters the creation of educational spaces designed to enhance the learning experience. In 2022, Astec Elementary benefited from this initiative with a year of in-school instruction conducted in the newly developed building, demonstrating the tangible outcomes of this support. Through fundraising efforts from public and private sources, Astec Fund Inc actively contributes to the sustainability and improvement of educational programs, directly benefiting students and the broader community.




This information is meant to be a general summary of Astec Fund Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$1,841,987 (2022)
Expenses
$465,099 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $1,841,810
  • Gross Receipts: $1,841,987

Assets and Liabilities:

  • Total Assets: $12,017,575
  • Total Liabilities: $8,408,944
  • Net Assets: $3,608,631

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RENTAL INCOME

Revenue

$1,840,285

OTHER PROGRAM REVENUE

Revenue

$1,525

Organization Details

Founding Year

2012

Principal Officer

Freda Deskin Phd

Main Address

2401 NW 23RD ST 39A, OKLAHOMA CITY, OK, 731072442

NTEE Category

Code: B11 - Education

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