2023-10-19T17:17:02-05:00 2022-12-31 420714325 RSM US LLP 4622 PENNSYLVANIA AVE STE 1100 KANSAS CITY MO 64112 990 2022-01-01 455343102 ASTEC FUND INC ASTE 4059476272 2401 NW 23RD ST 39A OKLAHOMA CITY OK 731072442 FREDA DESKIN PHD FOUNDER & CEO 4059476272 2023-10-12 1 FREDA DESKIN PHD 999009999 0 KEVIN ENSMINGER P01310558 8167533000 2023-10-12 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z FREDA DESKIN PHD 2401 NW 23RD ST 39A OKLAHOMA CITY OK 731072442 1841987 0 X WWW.ASTEC-K12.COM/OUR-FOUNDATION X 2012 OK FUNDRAISING AND PROPERTY MANAGEMENT TO SUPPORT ASTEC INC. (ASTEC CHARTER SCHOOLS) 9 9 0 20 0 0 0 177 934547 1841810 25 0 0 0 934572 1841987 0 0 0 0 0 0 0 0 0 58916 465099 58916 465099 875656 1376888 10902009 12017575 8670266 8408944 2231743 3608631 TO BENEFIT, PERFORM THE FUNCTIONS OF, OR CARRY OUT THE PURPOSES OF ASTEC, INC., AN OKLAHOMA NOT-FOR-PROFIT CORPORATION. ASTEC FUND, INC., WILL RAISE FUNDS FROM PUBLIC AND PRIVATE SOURCES AND MANAGE PROPERTY TO SUPPORT EDUCATION PROGRAMS OF ASTEC, INC. 0 0 440544 1841810 ASTEC FUND, INC. OWNS 19.9 ACRES OF LAND IN OKLAHOMA CITY, OK FOR DEVELOPMENT AND USE BY ASTEC, INC., AS A SCHOOL FACILITY. IN 2022, ASTEC ELEMENTARY HAD A YEAR OF IN-SCHOOL INSTRUCTION IN THE NEW BUILDING. 440544 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 0 1 0 0 0 1 1 1 1 0 0 0 0 0 OK X FREDA DESKIN 4059476272 2401 NW 23RD ST 39A OKLAHOMA CITY OK 731072442 DOUG FULLER CHAIRMAN 1.00 X X 0 0 0 JERRY BURGER MEMBER 1.00 X 0 0 0 JUDY HATFIELD MEMBER 1.00 X 0 0 0 KERRY ALEXANDER MEMBER 1.00 X 0 0 0 LOU C KERR MEMBER 1.00 X 0 0 0 DONNIE JONES MEMBER 1.00 X 0 0 0 BRADLEY JORDAN MEMBER 1.00 X 0 0 0 RITA MOORE MEMBER 1.00 X 0 0 0 CLAYTON MOSS MEMBER 1.00 X 0 0 0 FREDA DESKIN EXECUTIVE DIRECTOR 3.50 40.00 X 0 210083 14782 0 210083 14782 0 0 1 0 0 177 177 RENTAL INCOME 531390 1840285 1840285 OTHER PROGRAM REVENUE 900099 1525 1525 1841810 1841987 1841810 0 0 9391 9391 14621 14621 3000 3000 195 195 50806 50806 348345 348345 38393 38393 MISCELLANEOUS 348 348 465099 440544 24555 0 477316 1404996 10612579 0 10424693 10612579 10902009 12017575 8670266 8408944 8670266 8408944 X 2231743 3608631 2231743 3608631 10902009 12017575 1376888 0 X 0 0 0 X X X 1 ASTEC INC 731577092 2 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 PART IV, SECTION C, LINE 1: ASTEC FUND INC.'S SUPPORTED ORGANIZATION, AEROSPACE SCIENCE AND TECHNOLOGY EDUCATION CENTER, INC. ("ASTEC, INC.") HAS A SIGNIFICANT VOICE IN THE FUND'S INVESTMENT POLICIES AND DIRECTING THE USE OF ASTEC FUND, INC.'S INCOME AND ASSETS. FIRST, ASTEC, INC. ELECTS ONE LESS THAN A MAJORITY OF THE FUND'S BOARD OF DIRECTORS ("BOARD"). ASTEC, INC. OFFICERS AND DIRECTORS ALSO HOLD NON-VOTING EX-OFFICIO SEATS ON THE BOARD. FURTHER, A QUORUM OF THE BOARD REQUIRES THE PRESENCE OF AT LEAST ONE DIRECTOR APPOINTED BY ASTEC, INC. ACCORDINGLY, WHILE IT DOES NOT HAVE VOTING CONTROL OF THE BOARD, ASTEC, INC. HAS SIGNIFICANT BOARD REPRESENTATION. SECOND, THE CHIEF EXECUTIVE OFFICER OF ASTEC, INC. SERVES ON THE FUND'S EXECUTIVE COMMITTEE, WHICH IS AUTHORIZED TO EXERCISE THE AUTHORITY OF THE BOARD, WITH CERTAIN LIMITATIONS. THIRD, THE BYLAWS OF THE FUND REQUIRE THAT THE TREASURER MUST MAKE ALL FINANCIAL INFORMATION OF THE FUND AVAILABLE TO ANY DIRECTOR (WHETHER EX-OFFICIO OR NOT) UPON REQUEST. THUS, ASTEC, INC. OFFICERS (IN THEIR CAPACITY AS EX-OFFICIO DIRECTORS) HAVE FULL ACCESS TO FINANCIAL INFORMATION AND RECORDS OF THE FUND. LASTLY, THE FUND HOLDS THE MAJORITY OF ASTEC, INC.'S ASSETS. ACCORDINGLY, ASTEC, INC. WILL BE ACTIVELY INVOLVED IN THE INVESTMENT POLICIES AND USE OF THE FUND'S INCOME AND ASSETS. THE ACTIVITIES OF THE FUND ARE VITALLY IMPORTANT TO ASTEC, INC. AND THE RELATIONSHIP BETWEEN THE TWO ENTITIES HAS BEEN STRUCTURED TO ENSURE THAT ASTEC, INC. IS ABLE TO BOTH OBTAIN REGULAR INFORMATION REGARDING SUCH ACTIVITIES AND PROVIDE DIRECTION AND GUIDANCE TO THE FUND. 745715 745715 4883531 4883531 4983333 4983333 10612579 0 0 0 0 0 0 0 0 0 FREDA DESKIN EXECUTIVE DIRECTOR 0 210083 0 0 0 0 0 7391 0 7391 0 224865 0 0 PART I, LINE 3 THE EXECUTIVE DIRECTOR IS COMPENSATED BY THE RELATED ORGANIZATION, ASTEC INC. AS SUCH, COMPENSATION IS ESTABLISHED BY ASTEC INC. USING METHODS INCLUDING COMPENSATION SURVEY OR STUDY AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE FORM 990, PART VI, SECTION A, LINE 6 AEROSPACE SCIENCE AND TECHNOLOGY EDUCATION CENTER, INC. ("ASTEC, INC.") IS THE SOLE MEMBER OF ASTEC FUND, INC. FORM 990, PART VI, SECTION A, LINE 7A ASTEC, INC. HAS THE ABILITY TO APPOINT ONE LESS THAN A MAJORITY OF THE BOARD OF DIRECTORS OF ASTEC FUND, INC. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S FORM 990 UNDERGOES INTERNAL AND EXTERNAL REVIEWS. IT IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND REVIEWED BY THE ORGANIZATION'S EXECUTIVE DIRECTOR. A FINAL COPY IS PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ASTEC FUND, INC REGULARLY AND CONSISTENTLY MONITOR AND ENFORCE COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY BY REQUIRING ALL MEMBERS TO SIGN FORMS EACH YEAR. FORM 990, PART VI, SECTION B, LINE 15 ASTEC FUND, INC. DID NOT PAY ANY COMPENSATION IN 2022. FORM 990, PART VI, SECTION C, LINE 19 PURSUANT TO INTERNAL REVENUE CODE SECTION 6104, THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE NOT CURRENTLY MADE AVAILABLE TO THE PUBLIC. ASTEC INC 2401 NW 23RD ST STE 39A OKLAHOMA CITY OK 73107 731577092 EDUCATION OK 501(C)(3) 2 N/A 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0