Nonprofit · EIN 84-3179013
THE TULSA INITIATIVE INC
Tax-exempt · FAYETTEVILLE, NC 28301
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $59,070 | $80,055 | -$20,985 | $0 | $0 | -$20,985 |
| December 31, 2024 | 990-EZ | $196,353 | $193,229 | $3,124 | $55,578 | $1,848 | $53,730 |
| December 31, 2023 | 990-EZ | $154,924 | $138,853 | $16,071 | $51,217 | $320 | $50,897 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $44,306
- Program service revenue
- $14,265
- Investment income
- $499
Expenses
- Grants and similar amounts paid
- $777
- Compensation of officers, directors and key employees
- $23,026
- Salaries, compensation and benefits (total)
- $29,726
- Professional fees and payments to contractors
- $2,422
- Occupancy
- $6,226
- Printing, publications and postage
- $469
- Other expenses
- $40,435
- Program services (functional)
- $12,276
Balance sheet and other
- Total assets, start of year
- $0
- Total assets, end of year
- $0
- Total liabilities, end of year
- $0
- Net assets, end of year
- -$20,985
- Gross receipts
- $59,070
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-EZ for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| QU' DERRICK COVINGTON | Executive Director | 25 | $21,998 |
| MANUEL FLEMING II | Operating Officer | 10 | $1,028 |
| CORNELL LYNCH | Board Chair | 0 | $0 |
| CHRISTOPHER BOSTOCK | Treasurer | 0 | $0 |
| QUINCY MALLOY | Vice ChairSecretary | 0 | $0 |
| TONI KING | Board Member | 0 | $0 |
| JERMAINE PITTMAN | Board Member | 0 | $0 |
990-EZ for the year ended December 31, 2024: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Qu'Derrick Covington | Founder/Executive Director | 35 | $0 |
| Manuel C Fleming II | Co-Founder / Chief Operating Officer | 25 | $0 |
| Ocie Stroud-Melvin | Chief Administrator Officer | 25 | $0 |
| Brandon Warren | Vice Chair / Secretary | 0 | $0 |
| Damien Conners | Board Chair | 0 | $0 |
| Cornell Lynch | Board Member | 0 | $0 |
| Christopher Bostock | Board Member | 0 | $0 |
| Malayna Hasmanis | Board Member | 0 | $0 |
| Toni King | Board Member | 0 | $0 |
| Quincy Malloy | Board Member | 0 | $0 |
990-EZ for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Qu'Derrick Covington | Founder/Executive Director | 35 | $0 |
| Manuel C Fleming II | Co-Founder/Chief Operating Officer | 25 | $0 |
| Ocie Stroud-Melvin | Chief Administrator Officer | 25 | $0 |
| Brandon Warren | Vice Chair/Secretary | 0 | $0 |
| Damien Conners | Board Chair | 0 | $0 |
| Cornell Lynch | Board Member | 0 | $0 |
| LeRoy Ricksy | Jr, Board Member | 0 | $0 |
| Malayna Hasmanis | Board Member | 0 | $0 |
| Jalynn Jones | Board Member | 0 | $0 |
| Kassan Messiah | Board Member | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 109 HAY ST STE 202, FAYETTEVILLE, NC 28301-6107
- In care of
- % QUDERRICK COVINGTON
- Mailing address (990-N for 2022)
- 5425 WISCONSIN AVE STE 600-647, CHEVY CHASE MD 20815
- Principal officer (990-N for 2022)
- The Tulsa Initiative Inc, 5425 WISCONSIN AVE STE 600-647, CHEVY CHASE MD 20815
- Signed the 990-EZ
- QU'DERRICK COVINGTON, Executive Director
- Phone
- (202) 704-6661
- Website
- www.tulsanonprofit.org
- Return prepared by
- CHOOSE LOVE SOLUTIONS LLC
Mission
Is to inspire entrepreneurs to create capital
Program accomplishments
- Job Creation : Supported businesses flourish Revenue Generation: By aiding entrepreneurs in scaling their ventures Industry Diversification: We cultivate a diverse business landscape, strengthening economies against fluctuations Social Impact: Underserved entrepreneurs become catalysts for positive change, driving community mobilization, equity promotion, Innovation & Advancement: We champion groundbreaking ideas, fueling prExpenses $12,276 · grants $12,276
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-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 84-3179013
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2019
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $1
- Income (IRS master file)
- $59,070
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $59,070 | $80,055 | $0 | XML |
| 990-EZ | December 2024 | $196,353 | $193,229 | $55,578 | XML |
| 990-EZ | December 2023 | $154,924 | $138,853 | $51,217 | XML |
| 990-N for 2022 Officer: The Tulsa Initiative Inc | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990 | December 2021 | – | – | – | IRS |
| 990-N for 2020 Officer: Austin Warren | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: Austin Warren | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
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 84-3179013).
Questions about THE TULSA INITIATIVE INC
- What is the EIN of THE TULSA INITIATIVE INC?
- The employer identification number (EIN) of THE TULSA INITIATIVE INC is 84-3179013.
- Is THE TULSA INITIATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to THE TULSA INITIATIVE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE TULSA INITIATIVE 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 THE TULSA INITIATIVE INC 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 THE TULSA INITIATIVE INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who is the principal officer of THE TULSA INITIATIVE INC?
- The 990-N for 2022 names The Tulsa Initiative Inc.
- Who are the officers and directors of THE TULSA INITIATIVE INC?
- The 990-EZ for the year ended December 31, 2025 lists 7 people; 2 received compensation from the organization, the highest $21,998 (QU' DERRICK COVINGTON, Executive Director).
- How much revenue does THE TULSA INITIATIVE INC have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $59,070, expenses of $80,055 and total assets of $0 at year end.
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