2024-07-02T15:38:16-04:00 2023-12-31 472437940 JJ Woodie CPA 10400 Greenbriar Pl Oklahoma City OK 73159 990 2023-01-01 455343102 ASTEC FUND INC ASTE 2401 NW 23RD ST STE 39A Oklahoma City OK 73107 FREDA DESKIN MEMBER 4059476272 2024-05-08 true FREDA DESKIN true JJ Woodie P01201659 4056920031 2024-07-02 0 00 AAL1 IAL1 2023 2023-04-26 12:10:37Z 4841978 false X WWW.ASTEC-K12.COM/OUR-FOUNDATION X 2012 OK TO BENEFIT, PERFORM THE FUNCTIONS OF, OR CARRY OUT THE PURPOSES OF ASTEC, INC., AN OKLAHOMA NOT-FOR-PROFIT CORPORATION. ASTEC FUND, INC., WILL RAISE FUNDS FROM PUBLIC AND PRIVATE SOURCES AND MANAGE PROPERTY TO SUPPORT EDUCATION PROGRAMS OF ASTEC, INC. 9 9 0 0 0 177 826349 1841810 4015629 0 0 1841987 4841978 0 0 0 0 0 465099 559898 465099 559898 1376888 4282080 12017575 16586495 8408944 8695784 3608631 7890711 TO BENEFIT, PERFORM THE FUNCTIONS OF, OR CARRY OUT THE PURPOSES OF ASTEC, INC., AN OKLAHOMA NOT-FOR-PROFIT CORPORATION. ASTEC FUND, INC., WILL RAISE FUNDS FROM PUBLIC AND PRIVATE SOURCES AND MANAGE PROPERTY TO SUPPORT EDUCATION PROGRAMS OF ASTEC, INC. false false 546683 4841978 ASTEC FUND, INC. OWNS 19.9 ACRES OF LAND IN OKLAHOMA CITY, OK FOR DEVELOPMENT AND USE BY ASTEC, INC, AS A SCHOOL FACILITY. IN 2022, ASTEC ELEMENTARY HAD A YEAR OF IN-SCHOOL INSTRUCTION IN THE NEW BUILDING. 546683 true false false false false false false false false false true false false false false false false false false false false false false false false false false false false true false false false false false false false false false false false false false true false false false true 0 0 0 false false false false false false false false false false false false X 9 9 false false false false true true false true false false false true true true true false false false false false OK X FREDA DESKIN 4059476272 2401 NW 23RD ST 39A Oklahoma City OK 73107 FREDA DESKIN EXECUTIVE DIRECTOR 3.50 40.00 X 0 224865 0 BRADLEY JORDAN MEMBER 1.00 0.00 X 0 0 0 DONNIE JONES MEMBER 1.00 0.00 X 0 0 0 CLAYTON MOSS MEMBER 1.00 0.00 X 0 0 0 RITA MOORE MEMBER 1.00 0.00 X 0 0 0 LOU C KERR MEMBER 1.00 0.00 X 0 0 0 JERRY BURGER MEMBER 1.00 0.00 X 0 0 0 JUDY HATFIELD MEMBER 1.00 0.00 X 0 0 0 KERRY ALEXANDER MEMBER 1.00 0.00 X 0 0 0 DOUG FULLER CHAIRMAN 1.00 0.00 X X 0 0 0 0 224865 0 0 false true false 825000 1349 826349 RENTAL INCOME 531390 4015629 4015629 4015629 4841978 4015629 0 0 13145 13145 70 70 473533 473533 73150 73150 559898 546683 13215 0 1404996 4020243 12566252 10612579 12566252 12017575 16586495 8408944 8695784 8408944 8695784 X 3608631 7890711 3608631 7890711 12017575 16586495 4282080 0 X false false false X X X 1 ASTEC INC 731577092 2 true 0 0 1 0 true false false false false false false false false false false false false false false false Supported Organization without IRS determinationPart IV line 2 SECOND, THE CHIEF EXECUTIVE OFFICER OF ASTEC, INC. SERVES ON THE FUNDS EXECUTIVE COMMITTEE, WHICH IS AUTHORIZED TO EXERCISE THE AUTHORITY OF THE BOARD, WITH CERTAIN LIMITATIONS. Majority of directors or trustees Part IV Sect C PART IV, SECTION C, LINE 1:ASTEC FUND INC.S SUPPORTED ORGANIZATION, AEROSPACE SCIENCE AND TECHNOLOGY EDUCATION CENTER, INC. (ASTEC, INC.) HAS A SIGNIFICANT VOICE IN THE FUNDS INVESTMENT POLICIES AND DIRECTING THE USE OF ASTEC FUND, INC.S INCOME AND ASSETS.FIRST, ASTEC, INC. ELECTS ONE LESS THAN A MAJORITY OF THE FUNDS BOARD OF DIRECTORS (BOARD). ASTEC, INC. OFFICERS AND DIRECTORS ALSO HOLD NON-VOTING EX-OFFICIO SEATS ON THE BOARD. FURTHER, A QUORUM OF THE BOARD REQUIRES THE PRESENCE OF AT LEAST ONE DIRECTOR APPOINTED BY ASTEC. INC, ACCORDINGLY, WHILE IT DOES NOT HAVE VOTING CONTROL OF THE BOARD, ASTEC. INC. HAS SIGNIFICANT BOARD REPRESENTATION. THIRD, THE BYLAWS OF THE FUND REQUIRE THAT THE TREASURER MUST MAKE ALL FINANCIAL INFORMATION OF THE FUND AVAILABLE TO ANY DIRECTOR (WHETHER EX-OFFICIO OR NOT) UPON REQUEST. THUS ASTEC, INC. OFFICERS (IN THEIR CAPACITY AS EX-OFFICIO DIRECTORS) HAVE FULL ACCESS TO FINANCIAL INFORMATION AND RECORDS OF THE FUND.LASTLY, THE FUND HOLDS THE MAJORITY OF ASTEC. INC.S ASSETS. ACCORDINGLY, ASTEC, INC. WILL BE ACTIVELY INVOLVED IN THE INVESTMENT POLICES AND THE USE OF THE FUNDS INCOME AND ASSETS. THE ACTIVITIES OF THE FUND ARE VITALLY IMPORTANT TO ASTEC, INC. AND THE RELATIONSHIP BETWEEN THE TWO ENTITIES HAS BEEN STRUCTURED TO ENSURE THAT ASTEC, INC. IS ABLE TO BOTH OBTAIN REGULAR INFORMATION REGARDING SUCH ACTIVITIES AND PROVIDE DIRECTION AND GUIDANCE TO THE FUND 10612579 10612579 1953673 1953673 12566252 false false false false false false false false false FREDA DESKIN EXECUTIVE DIRECTOR 210083 14782 224865 Members or stockholder classes and rights Part VI line 6 AEROSPACE SCIENCE AND TECHNOLOGY EDUCATION CENTER, INC (ASTEC, INC) IS THE SOLE MEMBER OF ASTEC FUND, INC. Member election for additional members Part VI line 7a ASTEC INC HAS THE ABILITY TO APPOINT ONE LESS THAN MAJORTIY OF THE BOARD OF DIRECTORS OF ASTEC FUND INC Committee meeting documentation Part VI line 8b THE ORGANIZATION DOES NOT HAVE COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY Form 990 governing body review Part VI line 11 THE ORGANIZATIONS FORM 990 UNDERGOES INTERNAL AND EXTERNAL REVIEWS. IT IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND REVIEWED BY THE ORGANIZATIONS EXECUTIVE DIRECTOR. A FINAL COPY IS PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS Conflict of interest policy compliance Part VI line 12c ASTEC FUND INC REGULARLY AND CONSISTENTLY MONITOR AND ENFORCE COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY BY REQUIRING ALL MEMBERS TO SIGN FORMS EACH YEAR Other officer or key employee compensation Part VI line 15b ASTEC FUND INC DID NOT PAY ANY COMPENSATION IN 2023 Governing documents etc available to public Part VI line 19 PURSUANT TO IRC SEC 6104, THE ORGANIZATIONS GOVERNING DOCUMENTS, CONFLICT OF INTERST POLICY AND FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. ASTEC INC 2401 NW 23 STE 39A Oklahoma City OK 73107 731577092 EDUCATION OK 501c3 2 N/A false