Overview
What is Oklahoma Rural Rehabilitation Corporation?
Oklahoma Rural Rehabilitation Corporation is a nonprofit organization that focuses on aiding farmers and rural communities. They provide essential support through various means, including farm loans secured at a low collateral value and scholarships. The farm loans, generating income through accrued interest, are a significant resource for farmers. Moreover, the corporation also offers a grant program, which aims to enhance the quality of life in these communities. By doing so, Oklahoma Rural Rehabilitation Corporation plays a crucial role in fostering agricultural growth and community development in rural areas.
Is Oklahoma Rural Rehabilitation Corporation legitimate?
Oklahoma Rural Rehabilitation Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Oklahoma Rural Rehabilitation Corporation 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: $106,888
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Oklahoma Rural Rehabilitation Corporation?
The Oklahoma Rural Rehabilitation Corporation is dedicated to assisting farmers by providing support, scholarships, and grants. They offer loans with a collateral appraisal value of 65% or less, which in turn generates income through accrued interest. Furthermore, the corporation has a grant program designed to enhance the quality of life in various communities.
Who is the CEO of Oklahoma Rural Rehabilitation Corporation?
Judy L Hite is the Secretary of Oklahoma Rural Rehabilitation Corporation.
What is the revenue of Oklahoma Rural Rehabilitation Corporation?
Oklahoma Rural Rehabilitation Corporation's revenue in 2023 was $385,576.
Who are the executives of Oklahoma Rural Rehabilitation Corporation and what are their salaries?
The average compensation at Oklahoma Rural Rehabilitation Corporation during 2023 was $53,444. There are 2 employees and 4 volunteers at Oklahoma Rural Rehabilitation Corporation.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Oklahoma Rural Rehabilitation Corporation?
Oklahoma Rural Rehabilitation Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Oklahoma Rural Rehabilitation Corporation
The Oklahoma Rural Rehabilitation Corporation is dedicated to aiding farmers and contributing to the betterment of communities. This nonprofit organization offers financial support in the form of loans, ensuring that these loans are secured at a maximum of 65% of the collateral's appraised value. This strategy generates income through the accrued interest on these loans. Additionally, the Oklahoma Rural Rehabilitation Corporation offers a grant program, which is designed to assist communities in enhancing their overall quality of life. By providing these financial resources, the corporation plays a significant role in supporting farmers and improving the living standards of various communities.
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Impact
October, 2024
The Oklahoma Rural Rehabilitation Corporation significantly impacts the agricultural sector and rural communities through a variety of support mechanisms. Focusing on farm support, they provide loans secured at 65% or less of the collateral's appraisal value, making financial resources more accessible to farmers. This approach not only aids farmers in sustaining and growing their operations but also generates income for the corporation through accrued interest.
In addition to financial assistance, the corporation offers scholarships and grants, which help to invest in future generations and foster educational opportunities within the agricultural community. This not only enhances skill development among young farmers and agricultural workers but also contributes to the long-term viability of farming in Oklahoma.
Furthermore, their grant program focuses on improving the quality of life in rural communities, addressing broader issues beyond agriculture. By investing in various community initiatives, the corporation helps build resilience and fosters economic development. The collective efforts of the Oklahoma Rural Rehabilitation Corporation empower farmers, support educational endeavors, and promote community enhancement, ultimately leading to a stronger, more sustainable rural economy in Oklahoma.
This information is meant to be a general summary of Oklahoma Rural Rehabilitation Corporation. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $149,119
- Program Service Revenue: $236,457
- Gross Receipts: $385,576
Assets and Liabilities:
- Total Assets: $9,534,449
- Total Liabilities: $16,237
- Net Assets: $9,518,212
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FARM REAL ESTATE LOANS
Revenue
$235,707
LOAN MGMT FEES
Revenue
$750
Organization Details
Founding Year
1934
Principal Officer
Judy L Hite
Main Address
401 S LEWIS, STILLWATER, OK, 74074
NTEE Category
Code: K20 - Food
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