Smc Equipment Inc
- Assets
- $13.2m
- Revenue
- $317.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Stillwater, OK
- Founding
- 04/2019
- Data as of
- 12/2021
- EIN
- 83-1342710
Organization Overview
Smc Equipment Inc is located in Stillwater, OK. The organization was established in 2019. According to its NTEE Classification (L12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Smc Equipment 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 12/2021, Smc Equipment Inc generated $317.7k 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 (3.0%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO HOLD AND MANAGE MEDICAL EQUIPMENT AS A PART OF THE CHARITABLE PURPOSE TO BENEFIT THE CHARITABLE PURPOSES OF STILLWATER MEDICAL CENTER AUTHORITY, AN OKLAHOMA PUBLIC TRUST.
Describe the Organization's Program Activity:
BUY AND LEASE EQUIPMENT TO STILLWATER MEDICAL CENTER AUTHORITY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kari Easson Treasurer | OfficerTrustee | 0.25 | $0 |
Alan Lovelace President | OfficerTrustee | 0.25 | $0 |
Steven Taylor Secretary | OfficerTrustee | 0.25 | $0 |
Kevin Fowler Vice-President | OfficerTrustee | 0.25 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $317,696 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $317,696 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,482 |
| Advertising and promotion | $0 |
| Office expenses | $41 |
| Information technology | $0 |
| 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 | $267,696 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,757,031 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,045,250 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $60,170 |
| Savings and temporary cash investments | $0 |
| 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 | $13,168,419 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,228,589 |
| Accounts payable and accrued expenses | $22,308 |
| 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 | $16,000,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $16,022,308 |
| Net assets without donor restrictions | -$2,793,719 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $13,228,589 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Impact Development Fund Loveland, CO | $94,189,803 | $7,972,654 |
Smc Equipment Inc Stillwater, OK | $13,228,589 | $317,696 |
Parks Youth Ranch Inc Sugar Land, TX | $2,339,308 | $1,570,536 |
Sqlc Charitable Foundation Dallas, TX | $1,759,152 | $242,035 |
Operation Rapid Response Inc Lansing, KS | $31,744 | $536,615 |
Colorado Affordable Catholic Housing Corp Denver, CO | $19,277,681 | $585,133 |
Trees Of Hope Houston, TX | $374,507 | $489,449 |
Kingswood Senior Living Community Foundation Kansas City, MO | $1,424,825 | $366,812 |
West Texas Non-Profit Developments El Paso, TX | $1,520,953 | $635,198 |
Colorado Association Of Realtors Foundation Englewood, CO | $2,078,935 | $367,779 |
Cjca Development Inc Jefferson City, MO | $3,790,914 | $1,255,461 |
Loomis Housing Corp-Louise C Merritt Fund Dallas, TX | $997,683 | -$25,462 |