Rural Enterprises of Oklahoma, Inc. / Dba Rei Oklahoma

Rural Enterprises of Oklahoma, Inc. / Dba Rei Oklahoma

Durant, OK 74701
Tax ID73-1129417

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About this organization

Revenue

$9,698,995

Expenses

$7,587,217

Website

reiok.org

Mission

Rural Enterprises of Oklahoma, Inc. (dba REI Oklahoma) expands economic opportunities for Oklahomans by providing flexible financing and development services to individuals, businesses and entrepreneurs, as well as homebuyers with limited access to resources. REI Business Lending provides capital to businesses and collaborates closely with local lenders to help entrepreneurs navigate through lending resources and programs. For woman-owned businesses and minority-owned enterprises, the Woman's Business Center and Minority Business Center offer unique training, as well as technical assistance and access to capital. REI’s Down Payment Assistance Program provides support to potential homeowners. REI Development Corp allows REI to attract new investments into Oklahoma and create needed jobs.

About

Assistance to entrepreneurs including training, business rental space, and development capital in the form of loans which are used as a basis to leverage public and private resources necessary to establish or expand businesses in Oklahoma.

Interesting data from their 2020 990 filing

The non-profit's aim, as indicated in the filing, is “Rei oklahoma expands economic opportunities for oklahomas by providing flexible financing and development services to individuals, businesses, and entrepreneurs with limited access to resources. this includes training, financial, and technical assistance services for the creation of new businesses and the expansion of existing businesses. rei oklahoma provides development capital in the form of loans which may be used as a basis to leverage public and private resources necessary to establish or expand business in oklahoma.”.

When referring to its functions, they were specified as: “Rural enterprises of oklahoma, inc 's (rei ok) mission is to expand prosperity in oklahoma.rei oklahoma expands economic opportunities for oklahomans by providing flexible financing and development services to individuals, businesses, and entrepreneurs with limited access to resources. rei business lending provides capital to businesses and collaborates closely with local lenders to help entrepreneurs navigate through lending resources. rei woman's business center and rei native american business center offer unique trainings, as well as technical assistance and business assistance services to clients throughout the state.”.

  • The non-profit has reported their operating state as OK, as required by law.
  • As stated in the filing, the non-profit's address in 2020 was PO BOX 1335, DURANT, OK, 74702.
  • The non-profit's form reports a total of 38 employees as of 2020.
  • Is not a private foundation.
  • Expenses are greater than $1,000,000.
  • Revenue is greater than $1,000,000.
  • Revenue less expenses is $2,111,778.
  • The organization has 11 independent voting members.
  • The organization was formed in 1982.
  • The organization pays $2,429,755 in salary, compensation, and benefits to its employees.
  • The organization pays $151,637 in fundraising expenses.

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