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Nonprofit · EIN 87-1046645

THUNDER FELLOWS FOUNDATION

Tax-exempt · OKLAHOMA CITY, OK 73102

Financials

$1.7M$202K2023$422K$377K2024
Revenue Expenses · by fiscal year end
Financials of THUNDER FELLOWS FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$421,540$376,774$44,766$2,198,310$246,910$1,951,400
December 31, 2023990$1,712,151$202,215$1,509,936$2,032,874$126,240$1,906,634
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$447,196
Program service revenue
$0
Investment income
-$25,656
Net gain from sales of assets
-$25,656
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Occupancy
$123,360
Travel
$39,724
Depreciation
$55,514
Program services (functional)
$243,803
Management and general (functional)
$132,971

Balance sheet and other

Total assets, start of year
$2,032,875
Total assets, end of year
$2,198,310
Total liabilities, end of year
$246,910
Net assets, end of year
$1,951,400
Land, buildings and equipment
$514,786
Net assets without donor restrictions
$1,951,400
Gross receipts
$447,396
Employees
0
Volunteers
20
Year formed
2020
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 / weekCompensationFrom related orgsOther / benefits
Cedric IkpoExecutive Dir.
Trustee or director, Officer
40$0$144,515$5,667
Sam PrestiDirector
Trustee or director, Officer
1$0$0$0
Brian ByrnesTreasurer
Trustee or director
1$0$0$0
Malachi BlankenshipDirector
Trustee or director
1$0$0$0
DeAnn CooksDirector
Trustee or director
1$0$0$0
Dr Tiffany CrutcherDirector
Trustee or director
1$0$0$0
Mike JohnsonDirector
Trustee or director, Officer
1$0$0$0
Paul JohnsonDirector
Trustee or director
1$0$0$0
Brandon OldhamSecretary
Trustee or director
1$0$0$0
Leonelle ThompsonVice-Chair
Trustee or director
1$0$0$0
990 for the year ended December 31, 2023: 10 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
Cedric IkpoExecutive Dir.
Trustee or director, Officer
40$0$129,199$12,845
Sam PrestiDirector
Trustee or director, Officer
1$0$0$0
Brian ByrnesTreasurer
Trustee or director
1$0$0$0
Malachi BlankenshipDirector
Trustee or director
1$0$0$0
DeAnn CooksDirector
Trustee or director
1$0$0$0
Dr Tiffany CrutcherDirector
Trustee or director
1$0$0$0
Mike JohnsonDirector
Trustee or director, Officer
1$0$0$0
Paul JohnsonDirector
Trustee or director
1$0$0$0
Brandon OldhamSecretary
Trustee or director
1$0$0$0
Leonelle ThompsonVice-Chair
Trustee or director
1$0$0$0

Address and contacts

Address (IRS master file)
208 THUNDER DR, OKLAHOMA CITY, OK 73102-2002
Principal officer (990 for 2024)
Cedric Ikpo, 208 Thunder Drive, Oklahoma City, OK 73102
Signed the 990
Cedric Ikpo, Exec Director
Phone
(918) 922-7091
Return prepared by
Conklin Gilpin & Wertz PLLC

Mission

The Thunder Fellows Program, developed by the Oklahoma City Thunder and Creative Arts Agency (CAA), aims to unlock new opportunities in sports, entertainment, and technology for black high school and college students in the Tulsa area.

990 for the year ended December 31, 2024

Program accomplishments

  • The Thunder Fellows program is dedicated to empowering Black high school and college students by providing them with access to education and professional development in the fields of sports, entertainment, and technology. The comprehensive curriculum is designed to equip scholars with the skills and knowledge necessary to excel in these industries. By directly addressing the underrepresentation of Black individuals in tech fields, Thunder Fellows aims to increase their presence and infuse diverse experiences and perspectives in decision-making roles. Through hands-on learning experiences, mentorship, and real-world projects, students gain a competitive edge, build robust professional networks, and prepare for high-paying careers in an ever-growing, STEM-centric society.
    Expenses $243,803

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
87-1046645
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
2022
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$2,198,310
Income (IRS master file)
$447,396

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$421,540$376,774$2,198,310XML
990December 2023$1,712,151$202,215$2,032,874XML
990December 2022$481,000$255,058$401,477IRS
990December 2021–––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 87-1046645).

Questions about THUNDER FELLOWS FOUNDATION

What is the EIN of THUNDER FELLOWS FOUNDATION?
The employer identification number (EIN) of THUNDER FELLOWS FOUNDATION is 87-1046645.
Is THUNDER FELLOWS FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
Are donations to THUNDER FELLOWS FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does THUNDER FELLOWS FOUNDATION 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 THUNDER FELLOWS FOUNDATION 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 THUNDER FELLOWS FOUNDATION 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 THUNDER FELLOWS FOUNDATION?
The 990 for the year ended December 31, 2024 names Cedric Ikpo.
Who are the officers and directors of THUNDER FELLOWS FOUNDATION?
The 990 for the year ended December 31, 2024 lists 10 people; 0 received compensation from the organization.
How much revenue does THUNDER FELLOWS FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $421,540, expenses of $376,774 and total assets of $2,198,310 at year end.

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