Nonprofit · EIN 84-3832298
SMC DEVELOPMENT INC
Tax-exempt · STILLWATER, OK 74074
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,660,237 | $5,637,256 | -$3,977,019 | $63,243,735 | $56,826,138 | $6,417,597 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,562,500
- Investment income
- $97,737
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $11,000
- Depreciation
- $3,869,494
- Program services (functional)
- $5,624,741
- Management and general (functional)
- $12,515
Balance sheet and other
- Total assets, start of year
- $47,420,754
- Total assets, end of year
- $63,243,735
- Total liabilities, end of year
- $56,826,138
- Net assets, end of year
- $6,417,597
- Land, buildings and equipment
- $59,233,658
- Net assets without donor restrictions
- $6,417,597
- Gross receipts
- $1,660,237
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2019
- 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 |
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 WEST 6TH AVENUE, STILLWATER, OK 74074
- Signed the 990
- ALAN LOVELACE, CFO
- Phone
- (405) 715-3959
- Return prepared by
- D & CO LLP
Mission
TO HOLD REAL AND PERSONAL PROPERTY FOR THE BENEFIT OF STILLWATER MEDICAL CENTER AUTHORITY AS IT SERVES THE SURROUNDING COMMUNITY'S HEALTH CARE NEEDS.
Program accomplishments
- BUY AND LEASE EQUIPMENT TO STILLWATER MEDICAL CENTER AUTHORITY.Expenses $5,624,741 · revenue $1,562,500
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
- 84-3832298
- 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
- 2020
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $63,243,735
- Income (IRS master file)
- $1,660,237
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $910,356 | $2,374,929 | $47,420,754 | IRS |
| 990 | December 2022 | $1,128,608 | $2,015,589 | $48,972,827 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about SMC DEVELOPMENT INC
- What is the EIN of SMC DEVELOPMENT INC?
- The employer identification number (EIN) of SMC DEVELOPMENT INC is 84-3832298.
- Is SMC DEVELOPMENT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to SMC DEVELOPMENT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does SMC DEVELOPMENT 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 DEVELOPMENT 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 DEVELOPMENT 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 DEVELOPMENT INC?
- The 990 for the year ended December 31, 2024 names ALAN LOVELACE.
- Who are the officers and directors of SMC DEVELOPMENT INC?
- The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does SMC DEVELOPMENT INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,660,237, expenses of $5,637,256 and total assets of $63,243,735 at year end.
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All nonprofits in STILLWATER · Oklahoma · Philanthropy, voluntarism and grantmaking foundations