Nonprofit · EIN 27-0659329
1040 INITIATIVE
Tax-exempt · NORMAN, OK 73070
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $571,774 | $587,023 | -$15,249 | $1,427,668 | $442,726 | $984,942 |
| December 31, 2024 | 990 | $712,546 | $1,368,113 | -$655,567 | $1,377,846 | $377,655 | $1,000,191 |
| December 31, 2023 | 990 | $118,903 | $579,591 | -$460,688 | $784,026 | $263,002 | $521,024 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $571,774
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $393,128
- Compensation of officers, directors and key employees
- $112,687
- Other salaries and wages
- $4,214
- Salaries, compensation and benefits (total)
- $149,638
- Professional fundraising fees
- $0
- Accounting fees
- $7,050
- Travel
- $10,574
- Program services (functional)
- $543,720
- Management and general (functional)
- $43,080
- Fundraising (functional)
- $223
Balance sheet and other
- Total assets, start of year
- $1,377,846
- Total assets, end of year
- $1,427,668
- Total liabilities, end of year
- $442,726
- Net assets, end of year
- $984,942
- Land, buildings and equipment
- $432,994
- Net assets without donor restrictions
- $694,293
- Net assets with donor restrictions
- $290,649
- Gross receipts
- $571,774
- Employees
- 1
- Year formed
- 2009
- State of legal domicile
- OK
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MIKE COUSINEAU | PRESIDENT Trustee or director, Highest-paid employee | 55 | $74,328 |
| ROB GARIBAY | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| TIM ROLEN | BOARD MEMBER Trustee or director | 1 | $0 |
| BLAINE ROGERS | BOARD MEMBER Trustee or director | 1 | $0 |
| JOE VANBREEMAN | SECRETARY Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MIKE COUSINEAU | PRESIDENT Trustee or director, Highest-paid employee | 55 | $73,165 |
| ROB GARIBAY | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| TIM ROLAND | BOARD MEMBER Trustee or director | 1 | $0 |
| BLAINE ROGERS | BOARD MEMBER Trustee or director | 1 | $0 |
| JOE VANBREEMAN | SECRETARY Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BLAINE ROGERS | BOARD MEMBER Trustee or director | 1 | $0 |
| TIM ROLAND | BOARD MEMBER Trustee or director | 1 | $0 |
| MIKE COUSINEAU | PRESIDENT Trustee or director, Highest-paid employee | 55 | $0 |
| JOE VANBREEMAN | SECRETARY Trustee or director, Officer | 1 | $0 |
| ROB GARIBAY | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| MIKE MORAN | TREASURER Officer | 5 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 721765, NORMAN, OK 73070-8349
- In care of
- % MIKE COUSINEAU
- Signed the 990
- MIKE COUSINEAU, President
- Phone
- (405) 600-8040
- Website
- www.1040i.org
- Return prepared by
- JJ Woodie CPA
Mission
The vision of The 1040 Initiative, Inc. is to impact the lives of people in Cote dIvoire by fighting pain and suffering in the most vulnerable places. We primarily focus on health and education, providing surgical/prosthetic clinics and an influential private school.
Program accomplishments
- TANDA BILLINGUAL ACADEMY: THE 1040I, INC. OWNS THE ACADEMY FACILITIES AND OVERSEES THE STAFFING AND OPERATION OF THE ACADEMY. THE ENROLLMENT FOR 2024 - 2025 SCHOOL YEAR WAS 620 STUDENTS.Expenses $543,720 · revenue $571,774
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 27-0659329
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2010
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $1,427,668
- Income (IRS master file)
- $571,774
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $571,774 | $587,023 | $1,427,668 | XML |
| 990 | December 2024 | $712,546 | $1,368,113 | $1,377,846 | XML |
| 990 | December 2023 | $118,903 | $579,591 | $784,026 | XML |
| 990 | December 2022 | $458,522 | $563,435 | $1,177,443 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 27-0659329).
Questions about 1040 INITIATIVE
- What is the EIN of 1040 INITIATIVE?
- The employer identification number (EIN) of 1040 INITIATIVE is 27-0659329.
- Is 1040 INITIATIVE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
- Are donations to 1040 INITIATIVE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does 1040 INITIATIVE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of 1040 INITIATIVE due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did 1040 INITIATIVE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who are the officers and directors of 1040 INITIATIVE?
- The 990 for the year ended December 31, 2025 lists 5 people; 1 received compensation from the organization, the highest $74,328 (MIKE COUSINEAU, PRESIDENT).
- How much revenue does 1040 INITIATIVE have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $571,774, expenses of $587,023 and total assets of $1,427,668 at year end.
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