Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $71,911

• 1e · Government grants (contributions)

  $1,574,376

• 1f · All other contributions, gifts and grants

  $1,060,703

• 2a · Program service revenue: MANAGEMENT FEES

  total $1,241,571 · related or exempt $1,241,571

• 2b · Program service revenue: CLIENT SERVICE FEES

  total $183,323 · related or exempt $183,323

• 3 · Investment income

  total $438,596 · excluded $438,596

• 7a · Gross sales of assets other than inventory

  securities $2,249,228

• 7b · Less cost or other basis and sales expenses

  securities $3,410,670

• 7c · Gain or loss

  securities -$1,161,442

• 7d · Net gain or loss

  total -$1,161,442 · excluded -$1,161,442

• 11a · Other revenue: MISCELLANEOUS REVENUE

  total $25,000 · related or exempt $25,000

• 11e · Other revenue, total

  $25,000

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $652,904 · program services $519,124 · management and general $116,805 · fundraising $16,975

• 7 · Other salaries and wages

  total $804,642 · program services $639,771 · management and general $143,950 · fundraising $20,921

• 8 · Pension plan contributions

  total $23,210 · program services $18,455 · management and general $4,152 · fundraising $603

• 9 · Other employee benefits

  total $80,979 · program services $64,387 · management and general $14,487 · fundraising $2,105

• 10 · Payroll taxes

  total $123,882 · program services $98,499 · management and general $22,162 · fundraising $3,221

• 11b · Fees: legal

  total $17,358 · management and general $17,358

• 11c · Fees: accounting

  total $23,565 · management and general $23,565

• 11d · Fees: lobbying

  total $20,000 · management and general $20,000

• 11f · Fees: investment management

  total $1,320,557 · program services $1,320,557

• 11g · Fees: other

  total $97,379 · program services $74,388 · management and general $22,991

• 12 · Advertising and promotion

  total $53,012 · program services $28,021 · management and general $19,447 · fundraising $5,544

• 13 · Office expenses

  total $30,067 · program services $4,672 · management and general $25,245 · fundraising $150

• 14 · Information technology

  total $63,574 · program services $27,672 · management and general $35,902

• 16 · Occupancy

  total $42,361 · program services $36,272 · management and general $5,316 · fundraising $773

• 17 · Travel

  total $27,162 · program services $22,862 · management and general $4,300

• 20 · Interest

  total $103,920 · program services $103,920

• 22 · Depreciation, depletion and amortization

  total $11,461 · management and general $11,461

• 23 · Insurance

  total $71,870 · program services $35,928 · management and general $35,942

• 24a · Other expenses: PROGRAM EXPENSES

  total $875,000 · program services $875,000

• 24b · Other expenses: EVENTS

  total $325,053 · program services $298,728 · management and general $26,325

• 24c · Other expenses: LOAN LOSS PROVISION

  total $280,000 · program services $280,000

• 24d · Other expenses: BANK FEES

  total $12,664 · management and general $12,664

• 24e · All other expenses

  total $1,558 · management and general $1,558

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $22,181 · end of year $20,373

• 2 · Savings and temporary cash investments

  beginning of year $6,267,043 · end of year $6,112,684

• 4 · Accounts receivable

  beginning of year $578,137 · end of year $310,058

• 10a · Land, buildings and equipment: cost or other basis

  $126,668

• 10b · Land, buildings and equipment: accumulated depreciation

  $113,695

• 10c · Land, buildings and equipment, net

  beginning of year $24,434 · end of year $12,973

• 11 · Investments: publicly traded securities

  beginning of year $3,387,955 · end of year $3,559,242

• 13 · Investments: program-related

  beginning of year $18,542,698 · end of year $14,528,627

• 15 · Other assets

  beginning of year $5,000 · end of year $5,000

• 17 · Accounts payable and accrued expenses

  beginning of year $66,772 · end of year $66,157

• 19 · Deferred revenue

  beginning of year $27,957 · end of year $100,000

• 25 · Other liabilities

  beginning of year $138,158 · end of year $49,273

• 27 · Net assets without donor restrictions

  beginning of year $28,344,561 · end of year $24,333,527

• 28 · Net assets with donor restrictions

  beginning of year $250,000 · end of year $0

The filer's explanations (Part III)

PART I, LINE 3

THE PRESIDENT AND CEO'S COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS OF I2E, INC. THROUGH A COMPENSATION COMMITTEE AND BY USING RESOURCES SUCH AS AN INDEPENDENT CONSULTANT, COMPARISON OF PEER ORGANIZATION'S FORM 990, THE EMPLOYMENT CONTRACT, AND BY USING COMPENSATION SURVEYS.

PART I, LINE 7

THE ORGANIZATION OFFERS A RETENTION BONUS, A PERFORMANCE BONUS, AND AN INVESTMENT PERFORMANCE INCENTIVE. THE RETENTION BONUS IS PAID QUARTERLY AND VARIES BY POSITION BASED ON LEVEL OF RESPONSIBILITY. THE EMPLOYEE MUST BE EMPLOYED AT THE TIME THE BONUS IS PAID. THE COMPENSATION COMMITTEE DETERMINES THE RETENTION BONUS AMOUNT FOR THE CEO, WITH THE CONSENT OF THE EXECUTIVE COMMITTEE. THE CEO DETERMINES RETENTION BONUS AMOUNTS FOR ALL OTHER ELIGIBLE EMPLOYEES. THE PERFORMANCE BONUS VARIES BY POSITION BASED ON ACHIEVEMENT OF ORGANIZATIONAL OBJECTIVES, LEVEL OF RESPONSIBILITY, INDIVIDUAL JOB PERFORMANCE AND ABILITY TO ACHIEVE RESULTS FOR THE ORGANIZATION. THE COMPENSATION COMMITTEE DETERMINES THE OVERALL LEVEL OF ACHIEVEMENT OF ORGANIZATIONAL OBJECTIVES APPLICABLE TO ALL EMPLOYEES AND THE PERFORMANCE BONUS AMOUNT FOR THE CEO, WITH THE CONSENT OF THE EXECUTIVE COMMITTEE. THE CEO DETERMINES PERFORMANCE BONUS AMOUNTS FOR ALL OTHER ELIGIBLE EMPLOYEES. THE INVESTMENT PERFORMANCE INCENTIVE PAYMENT IS AT THE SOLE DISCRETION OF THE COMPENSATION COMMITTEE WITH THE CONCURRENCE OF THE EXECUTIVE COMMITTEE UPON THE OCCURRENCE OF A QUALIFYING LIQUIDITY EVENT RELATING TO A PORTFOLIO INVESTMENT WHEN CERTAIN SPECIFIED ORGANIZATIONAL OBJECTIVES HAVE BEEN ACHIEVED. THE PAYMENT VARIES BY EMPLOYEE BASED ON THE LEVEL OF RESPONSIBILITY AND CONTRIBUTION OF THE EMPLOYEE TO A SUCCESSFUL QUALIFYING LIQUIDITY EVENT. THE COMPENSATION COMMITTEE AND EXECUTIVE COMMITTEE DETERMINE IF IT IS REASONABLE AND APPROPRIATE FOR AN INVESTMENT PERFORMANCE INCENTIVE PAYMENT CONSIDERING CERTAIN SPECIFIED CRITERIA AND ORGANIZATIONAL LIMITS AND EMPLOYEE COMPENSATION CAPS. THE COMPENSATION COMMITTEE RECOMMENDS TO THE EXECUTIVE COMMITTEE FOR APPROVAL ANY SUCH PAYMENT AS WELL AS THE INDIVIDUAL ALLOCATIONS THEREOF. SUBJECT TO THE CONSTRAINTS AND CRITERIA ADOPTED BY THE BOARD OF DIRECTORS, THE COMPENSATION COMMITTEE DETERMINES THE AMOUNTS OF ANY PAYMENT TO BE MADE TO THE CEO AND FOR ALL OTHER ORGANIZATION EMPLOYEES WITH THE CONCURRENCE OF THE EXECUTIVE COMMITTEE.

FORM 990, PART VII, SECTION A, LINE 5

NAME OF UNRELATED ORGANIZATION: CROWE & DUNLEVY TYPE OF COMPENSATION: W2 WAGES AMOUNT OF COMPENSATION: THERE IS NO WAY TO DETERMINE THE DIRECT AMOUNT OF COMPENSATION PAID FOR THE FEES PAID BY THE ORGANIZATION. PERSON RECEIVING COMPENSATION: SCOTT MEACHEM

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• I2E SEED CAPITAL LLC

  FUND MANAGEMENT · OK · income $1,215,684 · assets $723,166

  Directly controlled by I2E INC

• I2E ACCELERATE OKLAHOMA LLC

  FUND MANAGEMENT · OK · income $250,264 · assets $18,157,355

  Directly controlled by I2E INC

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• OKLAHOMA ANGEL FUND I LP

  EXCLUDED · INVESTING IN INNOVATIVE, HIGH-TECH OK COMPANIES · OK · 2.65% owned · share of income -$7,569 · share of assets $82,924 · general or managing partner

  Directly controlled by I2E MANAGEMENT COMPANY INC

• OKLAHOMA ANGEL FUND II LP

  EXCLUDED · INVESTING IN INNOVATIVE, HIGH-TECH OK COMPANIES · OK · 2% owned · share of income -$2,036 · share of assets $83,290 · general or managing partner

  Directly controlled by I2E MANAGEMENT COMPANY INC

• OKLAHOMA SEED CAPITAL FUND LLC

  EXCLUDED · INVESTING IN INNOVATIVE, HIGH-TECH OK COMPANIES · OK · 0.79% owned · share of income $1,373 · share of assets $551,747 · general or managing partner

  Directly controlled by I2E MANAGEMENT COMPANY INC

• PLAINS VENTURE PARTNERS I LP

  EXCLUDED · INVESTING IN INNOVATIVE, HIGH-TECH OK COMPANIES · OK · 7.13% owned · share of income -$20,925 · share of assets $590,671

  Directly controlled by PLAINS VENTURE PARTNERS LLC

• PLAINS VENTURE PARTNERS LLC

  EXCLUDED · INVESTMENT MANAGEMENT · OK · 49.99% owned · share of income $19,510 · share of assets $290,711

  Directly controlled by I2E MANAGEMENT COMPANY INC

• OKLAHOMA ANGEL FUND III LP

  EXCLUDED · INVESTING IN INNOVATIVE, HIGH-TECH OK COMPANIES · OK · general or managing partner

  Directly controlled by I2E MANAGEMENT COMPANY INC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• ASCEND BIOVENTURES INC

  C · BIOTECHNOLOGY COMMERCIALIZATION SERVICES · OK · 100% owned · share of income $55,000 · share of assets $45,741 · controlled entity

  Directly controlled by I2E INC

• I2E MANAGEMENT COMPANY INC

  C · MANAGEMENT SERVICES · OK · 100% owned · share of income $2,075,052 · share of assets $1,171,732 · controlled entity

  Directly controlled by I2E INC