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EIN 73-1129417

Rural Enterprises of Oklahoma

IRS 501(c) type
501(c)(3)
Num. employees
42
City
Durant
State
Oklahoma
Year formed
1982
Most recent tax filings
2023-12-01
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
Description
Rural Enterprises of Oklahoma expands economic opportunities for Oklahomans by providing flexible financing and development services to individuals, businesses, and entrepreneurs with limited access to resources. They also offer multiple housing opportunities throughout the state, including down payment assistance. The organization provides assistance to entrepreneurs through training, business rental space, and development capital in the form of loans used to establish or expand businesses in Oklahoma.
Total revenues
$6,534,518
2023
Total expenses
$6,123,729
2023
Total assets
$36,084,309
2023
Num. employees
42
2023

Program areas at Rural Enterprises of Oklahoma

Assistance to entrepreneurs including training, business rental space, and development capital in the form of loans which are used as a basis to leverage public and private resources necessary to establish or expand businesses in Oklahoma.
Rural Enterprises of Oklahoma, Inc. offers multiple housing opportunities for eligible borrowers throughout the state of Oklahoma. The programs includes an offering of down payment assistance. Rei also provides financing in the form of loans for housing projects serving very low and low income tenants.

Grants made by Rural Enterprises of Oklahoma

GranteeGrant descriptionAmount
Rei Capital Access FundTo Capitalize Loan Pool for Lending$55,000

Who funds Rural Enterprises of Oklahoma

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
NeighborWorks AmericaGeneral Support$552,500
Communities Foundation of OklahomaGeneral Operations$10,000

Personnel at Rural Enterprises of Oklahoma

NameTitleCompensation
Scott DewaldPresident and Chief Executive Officer$410,093
Sherry HarlinChief Operating Officer$263,034
Lori HillChief Financial Officer$233,512
James HarringtonVice President of Business Resources
Dena SherrillVice President of Housing$145,581
...and 4 more key personnel

Financials for Rural Enterprises of Oklahoma

RevenuesFYE 12/2023
Total grants, contributions, etc.$3,258,471
Program services$2,728,867
Investment income and dividends$143,751
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$403,429
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$6,534,518

Form 990s for Rural Enterprises of Oklahoma

Fiscal year endingDate received by IRSFormPDF link
2023-122024-09-04990View PDF
2022-122023-10-03990View PDF
2021-122022-07-06990View PDF
2020-122021-09-29990View PDF
2019-122020-11-06990View PDF
...and 10 more Form 990s

Organizations like Rural Enterprises of Oklahoma

OrganizationLocationRevenue
Western Colorado Business Development CorporationGrand Junction, CO$2,298,721
Impact SevenRice Lake, WI$21,975,718
Northeast Indiana Innovation CenterFort Wayne, IN$2,117,873
Flagship Enterprise CenterAnderson, IN$3,448,869
Southland Economic Development CorporationSanta Ana, CA$3,722,427
Metropolitan Economic Development AssociationMinneapolis, MN$9,291,098
Southside Business Technology CenterDanville, VA$2,569,170
Ampac Tri-State CDCOntario, CA$6,017,426
Innovation Marquette Enterprise CorporationMarquette, MI$2,200,288
Uptown Reinvestment CorporationFlint, MI$3,251,972
Data update history
September 21, 2024
Received grants
Identified 2 new grant, including a grant for $552,500 from NeighborWorks America
April 25, 2024
Updated personnel
Identified 2 new personnel
November 30, 2023
Posted financials
Added Form 990 for fiscal year 2022
September 27, 2023
Received grants
Identified 1 new grant, including a grant for $605,000 from NeighborWorks America
July 18, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsHeadquarter / parent organizationsCharities
Issues
Economic developmentBusiness and industry
Characteristics
State / local levelReceives government fundingTax deductible donations
General information
Address
PO Box 1335
Durant, OK 74702
County
Bryan County, OK
Phone
(580) 924-5094
Facebook page
REIOklahoma 
Twitter profile
@reiok 
IRS details
EIN
73-1129417
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1982
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Central organization
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