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Nonprofit · EIN 73-1134929

FIRST NATIONAL DEVELOPMENT CORPORATION

Tax-exempt · MCALESTER, OK 74501

Financials

$491K$403K2023$427K$361K2024
Revenue Expenses · by fiscal year end
Financials of FIRST NATIONAL DEVELOPMENT CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$426,812$361,352$65,460$8,723,255$2,916,694$5,806,561
December 31, 2023990$491,174$402,638$88,536$8,796,542$3,055,441$5,741,101
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$424,364
Investment income
$0
Other revenue
$2,448

Expenses

Grants and similar amounts paid
$2,500
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$1,620
Accounting fees
$12,600
Occupancy
$77,111

Balance sheet and other

Total assets, start of year
$8,796,542
Total assets, end of year
$8,723,255
Total liabilities, end of year
$2,916,694
Net assets, end of year
$5,806,561
Land, buildings and equipment
$8,581,017
Gross receipts
$426,812
Employees
0
Volunteers
3
Year formed
1981
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, 2024, highest compensation first.

NameTitleHours / weekCompensation
CARLTON BASSPRESIDENT
Trustee or director, Officer
0.3$0
BOYD BASSDIRECTOR
Trustee or director
0.3$0
EVANS MCBRIDEDIRECTOR
Trustee or director
0.3$0
SAYER BRENNERDIRECTOR
Trustee or director
0.3$0
E JANE AULDSECRETARY/TREASURER
Officer
0.3$0
990 for the year ended December 31, 2023: 4 people
NameTitleHours / weekCompensation
CARLTON BASSPRESIDENT
Trustee or director, Officer
0.3$0
BOYD BASSDIRECTOR
Trustee or director
0.3$0
R BRUCE HALLDIRECTOR
Trustee or director
0.3$0
E JANE AULDSECRETARY/TREASURER
Officer
0.3$0

Address and contacts

Address (IRS master file)
235 E CHOCTAW AVE, MCALESTER, OK 74501-5025
In care of
% E JANE AULD
Principal officer (990 for 2024)
Jane Auld, 235 E Choctaw Ave, McAlester, OK 74501
Signed the 990
Jane Auld, Officer
Phone
(918) 426-0211
Return prepared by
Forvis Mazars LLP

Mission

THE PURPOSE OR PURPOSES FOR WHICH THE CORPORATION WAS FORMED ARE: STIMULATING THE DEVELOPMENT AND/OR RE- DEVELOPMENT OF PROPERTIES WITHIN THE MCALESTER AREA, PROVIDING JOBS AND OTHER ECONOMIC OPPORTUNITIES AND OTHERWISE MEETING PRESSING COMMUNITY NEEDS IN THE AREA OF GROWTH AND DEVELOPMENT.

990 for the year ended December 31, 2024

Program accomplishments

  • THE PURPOSE OR PURPOSES FOR WHICH THE CORPORATION WAS FORMED ARE: STIMULATING THE DEVELOPMENT AND/OR RE-DEVELOPMENT OF PROPERTIES WITHIN THE MCALESTER AREA, PROVIDING JOBS AND OTHER ECONOMIC OPPORTUNITIES, AND OTHERWISE MEETING PRESSING COMMUNITY NEEDS IN THE AREA OF GROWTH AND DEVELOPMENT. IN 2024 THIS CORPORATION SPECIFICALLY MET THESE ORGANIZATIONAL OBJECTIVES BY: (1) MANAGING AND MAINTAINING A 8 MILLION DOLLAR MEDICAL FACILITY; (2) CONTRIBUTING TO ANNUAL PUBLIC JULY 4TH FIREWORKS DISPLAY

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
73-1134929
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
1982
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$8,723,255
Income (IRS master file)
$426,812

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$426,812$361,352$8,723,255IRS
990December 2023$491,174$402,638$8,796,542XML

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 73-1134929).

Questions about FIRST NATIONAL DEVELOPMENT CORPORATION

What is the EIN of FIRST NATIONAL DEVELOPMENT CORPORATION?
The employer identification number (EIN) of FIRST NATIONAL DEVELOPMENT CORPORATION is 73-1134929.
Is FIRST NATIONAL DEVELOPMENT CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1982.
Are donations to FIRST NATIONAL DEVELOPMENT CORPORATION tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does FIRST NATIONAL DEVELOPMENT CORPORATION 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 FIRST NATIONAL DEVELOPMENT CORPORATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did FIRST NATIONAL DEVELOPMENT CORPORATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of FIRST NATIONAL DEVELOPMENT CORPORATION?
The 990 for the year ended December 31, 2024 names Jane Auld.
Who are the officers and directors of FIRST NATIONAL DEVELOPMENT CORPORATION?
The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
How much revenue does FIRST NATIONAL DEVELOPMENT CORPORATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $426,812, expenses of $361,352 and total assets of $8,723,255 at year end.

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