Overview
What is Flt Holding Inc?
Flt Holding Inc is a nonprofit organization established to manage real estate, contributing to the charitable objectives of Fab Lab Tulsa, an Oklahoma-based not-for-profit corporation. The primary purpose of Flt Holding is to support Fab Lab Tulsa's mission and functions. The net income generated from Flt Holding's operations will be utilized exclusively to foster Fab Lab Tulsa's charitable endeavors. The organization is headquartered at 501 S Lewis Ave, Tulsa, OK, 74104.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
Flt Holding Inc has achieved a 79% rating from Charity Navigator, indicating a satisfactory level of accountability and financial health. The organization boasts 100% independent board members, showcasing strong governance practices. Additionally, it maintains a robust conflict of interest policy and a whistleblower policy, both of which are essential for ensuring transparency and ethical operations.
One of the notable strengths of Flt Holding Inc is its impressive program expense ratio of 72.84%, which suggests that a significant portion of their expenditures is directed towards their programs and mission-related activities. This is a positive indicator of their commitment to maximizing impact rather than administrative costs.
However, the organization faces a challenge reflected in its liabilities to assets ratio of 127.75%, which is concerning as it indicates that their liabilities exceed their assets. This could potentially affect their financial stability in the long run and is an area that may require attention for future improvement.
This AI summary has been generated from information found on Charity Navigator.
Is Flt Holding Inc legitimate?
Flt Holding Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Flt Holding 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
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What is the mission statement of Flt Holding Inc?
Flt Holding Inc's mission is centered around supporting the charitable objectives of Fab Lab Tulsa. This organization is structured to manage real estate, with the aim of benefiting and furthering the charitable pursuits of Fab Lab Tulsa, a non-profit corporation based in Oklahoma. The income generated by Flt Holding is intended to be utilized solely for the support of Fab Lab Tulsa and its charitable purposes. In essence, Flt Holding Inc serves as a financial backbone for Fab Lab Tulsa, enabling it to carry out its charitable activities effectively.
Who is the CEO of Flt Holding Inc?
Nathan Pritchett is the President of Flt Holding Inc.
What is the revenue of Flt Holding Inc?
Flt Holding Inc's revenue in 2022 was $160,763.
Who are the executives of Flt Holding Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $66,283
- Other: $5,104
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Flt Holding Inc?
Flt Holding Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Flt Holding Inc
Flt Holding Inc, as a holding organization, is dedicated to advancing the charitable objectives of Fab Lab Tulsa. Its primary mission is to foster and promote the philanthropic purposes of this not-for-profit corporation based in Oklahoma. The organization's resources, including its income, are strategically utilized to support Fab Lab Tulsa's operations and uphold its charitable intentions. By doing so, Flt Holding Inc plays a significant role in ensuring Fab Lab Tulsa's ability to thrive and contribute positively to its respective community.
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Impact
October, 2024
FLT Holding Inc plays a pivotal role in strengthening community engagement and educational initiatives in Tulsa, Oklahoma, primarily through its support of Fab Lab Tulsa. By managing and holding real estate, FLT Holding provides the necessary infrastructure for Fab Lab Tulsa to operate effectively. This collaboration enhances access to educational resources and technological tools, fostering innovation and creativity among individuals of all ages.
The organization's focus on net income allocation ensures that funds are directed exclusively towards advancing Fab Lab Tulsa's charitable purposes. This commitment not only sustains but also expands the offerings available to the community, encouraging hands-on learning and skill development in various fields, including engineering, design, and technology.
Overall, FLT Holding Inc's impact is significant as it underpins essential educational programs and initiatives that empower the local community, promote creativity, and cultivate a culture of innovation in Tulsa.
This information is meant to be a general summary of Flt Holding 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $160,763
- Gross Receipts: $160,763
Assets and Liabilities:
- Total Assets: $4,983,452
- Total Liabilities: $6,000,000
- Net Assets: -$1,016,548
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental Income - Fab Lab
Revenue
$160,763
Organization Details
Founding Year
2021
Phone
(918) 779-6025Principal Officer
Nathan Pritchett
Main Address
501 S Lewis Ave, Tulsa, OK, 74104
NTEE Category
Code: B11 - Education
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