Nonprofit · EIN 83-1342710
SMC EQUIPMENT INC
Tax-exempt · STILLWATER, OK 74074
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $790,869 | $3,637,351 | -$2,846,482 | $21,451,489 | $31,562,534 | -$10,111,045 |
| December 31, 2023 | 990 | $850,932 | $3,172,283 | -$2,321,351 | $24,320,279 | $31,584,842 | -$7,264,563 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $790,869
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $21,000
- Depreciation
- $3,120,558
- Program services (functional)
- $3,634,201
- Management and general (functional)
- $3,150
Balance sheet and other
- Total assets, start of year
- $24,320,279
- Total assets, end of year
- $21,451,489
- Total liabilities, end of year
- $31,562,534
- Net assets, end of year
- -$10,111,045
- Land, buildings and equipment
- $20,879,302
- Net assets without donor restrictions
- -$10,111,045
- Gross receipts
- $790,869
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2018
- 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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Alan Lovelace | President Trustee or director, Officer | 0.25 | $0 |
| Kevin Fowler | Vice-President Trustee or director, Officer | 0.25 | $0 |
| Steven Taylor | Secretary Trustee or director, Officer | 0.25 | $0 |
| Kari Easson | Treasurer Trustee or director, Officer | 0.25 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Alan Lovelace | President Trustee or director, Officer | 0.25 | $0 |
| Kevin Fowler | Vice-President Trustee or director, Officer | 0.25 | $0 |
| Steven Taylor | Secretary Trustee or director, Officer | 0.25 | $0 |
| Kari Easson | Treasurer Trustee or director, Officer | 0.25 | $0 |
Address and contacts
- Address (IRS master file)
- 1323 W 6TH AVE, STILLWATER, OK 74074-4306
- In care of
- % ALAN LOVELACE
- Principal officer (990 for 2024)
- Alan Lovelace, 1323 W 6th Avenue, Stillwater, OK 74074
- Signed the 990
- Alan Lovelace, CFO
- Phone
- (405) 715-3959
- Return prepared by
- D & CO LLP
Mission
None
Program accomplishments
- Buy and lease equipment to Stillwater Medical Center Authority.Expenses $3,634,201 · revenue $790,869
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 | Not 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
- 83-1342710
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2019
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L12)
- Assets (IRS master file)
- $21,451,489
- Income (IRS master file)
- $790,869
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $790,869 | $3,637,351 | $21,451,489 | IRS |
| 990 | December 2023 | $850,932 | $3,172,283 | $24,320,279 | XML |
| 990 | December 2022 | $337,793 | $2,487,286 | $26,717,295 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 83-1342710).
Questions about SMC EQUIPMENT INC
- What is the EIN of SMC EQUIPMENT INC?
- The employer identification number (EIN) of SMC EQUIPMENT INC is 83-1342710.
- Is SMC EQUIPMENT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to SMC EQUIPMENT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does SMC EQUIPMENT INC 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 SMC EQUIPMENT INC 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 SMC EQUIPMENT INC 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 SMC EQUIPMENT INC?
- The 990 for the year ended December 31, 2024 names Alan Lovelace.
- Who are the officers and directors of SMC EQUIPMENT INC?
- The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does SMC EQUIPMENT INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $790,869, expenses of $3,637,351 and total assets of $21,451,489 at year end.
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All nonprofits in STILLWATER · Oklahoma · Housing and shelter