Overview
What is Rural Enterprises Of Oklahoma Inc?
Rural Enterprises of Oklahoma Inc., headquartered in Durant, Oklahoma, is a nonprofit organization dedicated to fostering entrepreneurship and business growth in the state. Their mission involves offering flexible financing and development services to individuals, businesses, and entrepreneurs who may have limited access to resources. Through their business lending program, they provide capital to businesses and collaborate with local lenders to guide entrepreneurs through various lending resources. The organization also houses the Women's Business Center and Minority Business Center, offering unique training, technical assistance, and business assistance services to clients across Oklahoma. These resources support the creation of new businesses and the expansion of existing ones by leveraging public and private resources. Ultimately, Rural Enterprises of Oklahoma Inc. aims to expand economic opportunities for Oklahoma residents.
Official website here: www.reiok.org
Is Rural Enterprises Of Oklahoma Inc legitimate?
Rural Enterprises Of Oklahoma Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rural Enterprises Of Oklahoma 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.
Here are some key statistics you may want to consider:
Executive Compensation: $1,245,917
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,036,386
For more financial information, click here
Official website here: www.reiok.org
What is the mission statement of Rural Enterprises Of Oklahoma Inc?
Rural Enterprises of Oklahoma, Inc., often referred to as REI Oklahoma, aims to expand economic opportunities for individuals and businesses in Oklahoma. They achieve this by providing flexible financing and development services to entrepreneurs and businesses that have limited access to resources. REI Oklahoma's business lending division offers capital to businesses, collaborating closely with local lenders to help entrepreneurs navigate through lending resources. Furthermore, REI's Women's Business Center and Minority Business Center offer unique training, technical assistance, and business assistance services to clients throughout the state. This includes training, financial, and technical assistance for the creation of new businesses and the expansion of existing ones. REI Oklahoma also provides development capital in the form of loans, which can be used as a basis to leverage public and private resources necessary to establish or expand businesses in Oklahoma.
Official website here: www.reiok.org
Who is the CEO of Rural Enterprises Of Oklahoma Inc?
Scott Dewald is the Chairman of Rural Enterprises Of Oklahoma Inc. The CEO's salary of Rural Enterprises Of Oklahoma Inc is $410,093 and their total compensation is $444,331.
Official website here: www.reiok.org
What is the revenue of Rural Enterprises Of Oklahoma Inc?
Rural Enterprises Of Oklahoma Inc's revenue in 2022 was $7,140,966.
Official website here: www.reiok.org
Who are the executives of Rural Enterprises Of Oklahoma Inc and what are their salaries?
The average compensation at Rural Enterprises Of Oklahoma Inc during 2022 was $55,666. There are 41 employees and 12 volunteers at Rural Enterprises Of Oklahoma Inc.
Here are 19 key members and their salaries (Rural Enterprises Of Oklahoma Inc's CEO's salary is $410,093 and their total compensation is $444,331):
- Scott Dewald (President/Ceo)
- Sherry Harlin (Svp-Development)
- Debbie Partin (Svp-Lending)
- Lori Hill (Cfo)
- Dena Sherrill (Director Of Housing)
- Shannon Mulkey (Director Of Admin Serv)
- Susan Bates (Sr. Loan Officer)
- John Harper (Chairman) [Trustee/Director]
- Jeff Greenlee (Vice-Chairman) [Trustee/Director]
- Greta Stewart (Secretary) [Trustee/Director]
- Bill Rahhal (Treasurer) [Trustee/Director]
- Kyle Hughbanks (Director)
- Gary Sherrer (Director)
- Martin Vanmeter (Director)
- Dr Fern Green-Bowling (Director)
- Clayton Taylor (Director)
- Brian Alford (Director)
- Clayton Lodes (Director)
- Chris Meyers (Director)
Official website here: www.reiok.org
Where can I find the form 990 for Rural Enterprises Of Oklahoma Inc?
The Rural Enterprises Of Oklahoma Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.reiok.org
Learn more at the official website: www.reiok.org
Mission Statement of Rural Enterprises Of Oklahoma Inc
Rural Enterprises of Oklahoma, Inc., or REI Oklahoma, is committed to expanding economic opportunities for Oklahoma's residents. The organization accomplishes this mission by providing flexible financing and development services to individuals, businesses, and entrepreneurs who have limited access to resources. REI Oklahoma's business lending arm offers capital to businesses, working closely with local lenders to help entrepreneurs navigate financing options.
In addition to financial assistance, REI Oklahoma also offers unique training, technical assistance, and business assistance services through its Women's Business Center and Minority Business Center. These centers provide training, financial, and technical assistance to help create new businesses and expand existing ones in Oklahoma. REI Oklahoma also offers development capital in the form of loans, which can serve as a basis to leverage public and private resources necessary to establish or expand businesses in the state.
Impact
This information is meant to be a general summary of Rural Enterprises Of Oklahoma Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Saturday, July 20, 2024
Rural Enterprises Of Oklahoma Inc, known as REI Oklahoma, has a significant impact on expanding economic opportunities for Oklahomans. They provide flexible financing and development services to individuals, businesses, and entrepreneurs with limited access to resources. Through REI Business Lending, they offer capital to businesses and collaborate closely with local lenders to help entrepreneurs navigate through lending resources.
Additionally, their REI Woman's Business Center and REI Minority Business Center offer unique trainings, technical assistance, and business assistance services throughout the state. This includes services for the creation of new businesses and the expansion of existing ones. By providing development capital in the form of loans, which can be used to leverage public and private resources, REI Oklahoma plays a vital role in fostering business growth and prosperity in the state.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOUSING DOWNPAYMENT PR
Revenue
$2,207,463
LOAN FEE INCOME
Revenue
$876,188
PROGRAM INVESTMENT INC
Revenue
$487,320
PROGRAM RENTAL INCOME
Revenue
$411,280
Organization Details
Founding Year
1982
Phone
(580) 924-5094
Principal Officer
Scott Dewald
Main Address
PO BOX 1335, DURANT, OK, 74702
Website
www.reiok.org
NTEE Category
Code: S32Z - Community improvement
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