Community Advance Inc
- Assets
- $1.4m
- Revenue
- $235.6k
- Investments
- $515.6k
- Employees
- 0
- Location
- Oklahoma City, OK
- Founding
- 04/2011
- Data as of
- 07/2023
- EIN
- 27-1051319
Organization Overview
Community Advance Inc is located in Oklahoma City, OK. The organization was established in 2011. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Advance Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 07/2023, Community Advance Inc generated $235.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (27.9%) each year. All expenses for the organization totaled $292.8k during the year ending 07/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE THE LIFE SKILLS OF UNDERPERFORMING AND UNDERPRIVILEGED INDIVIDUALS AND FAMILIES IN OUR COMMUNITY, AS GUIDED BY BIBLICAL PRINCIPLES AND A CHRISTIAN WORLD VIEW. THE MOST SIGNIFICANT PROGRAMS ARE THE CLUB AND THE SUMMER CLUB TO PROVIDE MENTORING, LIFE SKILLS AND ACTIVITIES TO STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMNITY ADVANCE HAS ESTABLISHED AN ANUAL SCHOLARSHIP PORGRAM PROVICING FOUR NORTHWEST CLASSEN HIGH SCHOOL GRADUATESFUNDING FOR UP TO FOUR YEARS TO APPROVED COLLEGE ESPENSES (UPTO $2500.00 PER ACADEMIC YEAR) WHILE ATTENDING ANY ACCREDITED COLLEGE OR UNIVERSITY IN THE STATE OF OKLAHOMA. THE FIRST TWO SCHOLARSHIP AWARDEES WERE SELECTED IN THE SPRING OF 2014. AWARDEES MAY REQUEST THE SCHOLARSHIP COMMITTEE TO DEFER ACTIVATION OF PAYMENTS FROM THIS SOURCE FOR UP TWO YEARS. IN ADDITION, INDIVIDUALS AWARDEES WHO HAVE AN ALTERNATIVE SOURCE OF FUNDING FOR TUITION OR OTHER EDUCATIONAL COSTS MAY REQUEST THAT PAYMENTS FROM THIS SCHOLARSHIP INTERGRATED WITH THEIR FUNDING FROM ALTERNATIVE SOURCE(S). THIS SCHOLARSHIP PROGRA M IS UNDERWRITTEN BY ENDOWMENT FUNDS CONTRIBUTED AS A DESIGNATED MEMORIAL. PAYMENTS OR APPORVED EDUCATIONAL EXPENSE ITEMS ARE MADE BY CHECKS ISSUED DIRECTLY TO THE EDUCATIONAL INSTITUTION OF OTHER VENDOR. THIS SCHOLARSHIP PORGRAM CONTINUED AS PLANNED
THE CLUB - A TOTAL OF 67 STUDENTS ENROLLED AND PARTICIPATED IN THE PROGRAM, THAT INCLUDES ACTIVITIES, A MEAL, MENTORING, DEVOTIONALS, LIFE SKILLS PRESENTATIONS, CAREER PLANNING, AND A GOSPEL PRESENTATION.
THE SUMMER CLUB - A TOTAL OF 115 STUDENTS ENROLLED AND PARTICIPATED IN THE SUMMER CLUB PROGRAM THAT INCLUDES RECREATIONAL ACTIVITIES, MOVIES, COMPUTER LAB ACCESS, AND FIELD TRIPS, AND A GOSPEL PRESENTATION. THERE WERE 1,117 LUNCHES AND 1,432 SNACKS PROVIDED TO THE STUDENTS.
SCHOLARSHIPS - FIVE GRADUATING SENIORS WERE AWARDED SCHOLARSHIPS AND THERE WAS A TOTAL OF 17 RECIPIENTS RECEIVING SCHOLARSHIP FUNDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allen Marks Executive Director | Officer | 40 | $66,010 |
Jim King Chairman | Trustee | 0 | $0 |
Randy Foraker Vice Chairman | Trustee | 0 | $0 |
Reagan Bradford Director And President | OfficerTrustee | 10 | $0 |
Benton Brown Director And Treasurer | OfficerTrustee | 8 | $0 |
Brent Brown Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $197,135 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $197,135 |
| Total Program Service Revenue | $0 |
| Investment income | $38,359 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $100 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $235,594 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $20,452 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $68,718 |
| Compensation of current officers, directors, key employees. | $68,718 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $119,374 |
| Pension plan accruals and contributions | $9,570 |
| Other employee benefits | $11,912 |
| Payroll taxes | $13,316 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,696 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,710 |
| Information technology | $915 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,836 |
| All other expenses | $20,558 |
| Total functional expenses | $292,758 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $167,172 |
| Savings and temporary cash investments | $110,248 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $560,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $515,558 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,352,978 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $837,420 |
| Net assets with donor restrictions | $515,558 |
| Capital stock or trust principal, or current funds | $214,613 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $62,707 |
| Total liabilities and net assets/fund balances | $1,352,978 |