The Tulsa Initiative Inc

Nonprofit profile at a glance

EIN
843179013
IRS 990-EZ coverage
2023–2025
Forms available
Form 990 2021, Form 990-EZ 2025, Form 990-N 2022
Location
Fayetteville, NC, USA
Phone
2027046661
Rating
52
Verdict
MIXED
Rating confidence
Moderate
Sector
Human Service Organizations

Official website

Reported finances

Revenue
$59,070
Expenses
$80,055
Assets
$0
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • QU' DERRICK COVINGTON (Executive Director)

People named in this filing

  • QU' DERRICK COVINGTON (Executive Director)
  • MANUEL FLEMING II (Operating Officer)
  • CORNELL LYNCH (Board Chair)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Is to inspire entrepreneurs to create capital

What it reported doing in 2025

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 pr

Operating model

Revenue model
Donor-supported. 75% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 94% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

MIXED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 19
  • Transparency & Controls: 100
  • Sustainability: 9
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 20.6%; rating input score 21
  • Program expense ratio: 15.3%; rating input score 15

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -35.5%; rating input score 15; 15th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 3; 3rd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 28.8%; rating input score 6; 6th percentile among comparable filings

Growth

  • Program expense growth: -58.6% per year; rating input score 0; 7th percentile among comparable filings
  • Revenue growth: 4.9% per year; rating input score 100; 69th percentile among comparable filings
  • Asset growth: -18.5% per year; rating input score 0; 11th percentile among comparable filings

Details

  • Where the money goes: 20.6% of revenue deployed · 15.3% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $12K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 7 of 8 current checks pass · 1 finding to review
  • Schedules: 3 filed schedules
  • Filing history: 3 filing years from 2023 to 2025
  • Contacts: How to reach this organization
  • Money network: 6 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 21/100.
  • High — Financial Efficiency: Program expense ratio scored 15/100.
  • Moderate — Transparency & Controls: Part I part ii net assets crosscheck did not reconcile in the filed values.
  • High — Sustainability: Operating margin scored 15/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 3/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 6/100.