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Nonprofiteer
← OKLAHOMA CITY INNOVATION DISTRICT INC

Form 990 for tax year 2024

Filed by OKLAHOMA CITY INNOVATION DISTRICT INC.

Totals

Total revenue
$9,626,223
Total expenses
$2,372,565
Contributions and grants received
$9,355,278
Grants paid
$0
Program service revenue
$100,060
Investment income
$154,181
Other revenue
$16,704
Total assets, end of year
$9,558,235
Total liabilities, end of year
$764,177
Net assets or fund balances, end of year
$8,794,058
Program services expenses (Part IX)
$1,698,644
Management and general expenses
$673,921
Fundraising expenses
$0
Program service expenses (Part III)
$1,698,644

Program services were 71.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $8,488,070

  • 1f · All other contributions, gifts and grants

    $867,208

  • 2a · Program service revenue: PROGRAM SERVICE REVENUE

    total $100,060 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $154,181 · unrelated business $0 · excluded $154,181

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $16,704 · related or exempt $16,704 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $16,704

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $8,846 · program services $6,876 · management and general $1,970 · fundraising $0

  • 7 · Other salaries and wages

    total $1,108,877 · program services $861,898 · management and general $246,979 · fundraising $0

  • 8 · Pension plan contributions

    total $8,927 · program services $6,939 · management and general $1,988 · fundraising $0

  • 9 · Other employee benefits

    total $110,551 · program services $85,929 · management and general $24,622 · fundraising $0

  • 10 · Payroll taxes

    total $97,974 · program services $76,152 · management and general $21,822 · fundraising $0

  • 11a · Fees: management

    total $165,000 · program services $44,780 · management and general $120,220 · fundraising $0

  • 11b · Fees: legal

    total $16,947 · program services $0 · management and general $16,947 · fundraising $0

  • 11c · Fees: accounting

    total $30,510 · program services $23,987 · management and general $6,523 · fundraising $0

  • 11f · Fees: investment management

    total $2,593 · program services $0 · management and general $2,593 · fundraising $0

  • 11g · Fees: other

    total $319,597 · program services $270,333 · management and general $49,264 · fundraising $0

  • 12 · Advertising and promotion

    total $10,621 · program services $10,465 · management and general $156 · fundraising $0

  • 13 · Office expenses

    total $38,754 · program services $18,931 · management and general $19,823 · fundraising $0

  • 14 · Information technology

    total $47,291 · program services $38,231 · management and general $9,060 · fundraising $0

  • 16 · Occupancy

    total $47,631 · program services $47,631 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $30,984 · program services $19,954 · management and general $11,030 · fundraising $0

  • 24a · Other expenses: DUES AND SUBSCRIPTIONS

    total $18,282 · program services $11,578 · management and general $6,704 · fundraising $0

  • 24b · Other expenses: PROGRAM EVENTS

    total $122,266 · program services $1,517 · management and general $120,749 · fundraising $0

  • 24c · Other expenses: FACILITY SUPPLIES

    total $174,068 · program services $173,276 · management and general $792 · fundraising $0

  • 24e · All other expenses

    total $12,846 · program services $167 · management and general $12,679 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $181,086 · end of year $267,124

  • 2 · Savings and temporary cash investments

    end of year $70,103

  • 3 · Pledges and grants receivable

    beginning of year $615,094 · end of year $903,578

  • 4 · Accounts receivable

    end of year $571,721

  • 9 · Prepaid expenses and deferred charges

    beginning of year $72,695 · end of year $147,574

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

    $7,101,038

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

    $0

  • 10c · Land, buildings and equipment, net

    end of year $7,101,038

  • 11 · Investments: publicly traded securities

    beginning of year $672,569 · end of year $494,129

  • 15 · Other assets

    end of year $2,968

  • 17 · Accounts payable and accrued expenses

    beginning of year $324,698 · end of year $600,739

  • 19 · Deferred revenue

    end of year $160,470

  • 25 · Other liabilities

    end of year $2,968

  • 27 · Net assets without donor restrictions

    beginning of year $1,116,746 · end of year $8,634,119

  • 28 · Net assets with donor restrictions

    beginning of year $100,000 · end of year $159,939

Mission and programs · 2024

Mission

TO BRING TOGETHER THE GREATEST MINDS IN TOTAL COLLABORATION, YIELDING WORLD-CHANGING RESULTS. HOME TO INTERNATIONALLY-ACCLAIMED ORGANIZATIONS SPANNING OKLAHOMAS DIVERSE SECTORS - HEALTH, ENERGY, AEROSPACE, TECHNOLOGY, ACADEMIA AND MORE - THE INNOVATION DISTRICT PROVIDES OPPORTUNITIES FOR ENTREPRENEURSHIP, INNOVATION AND COMMUNITY GROWTH.

  • INNOVATION DISTRICT - THE ORGANIZATION HAS AGREED TO PARTNER WITH AND PROVIDE SERVICES TO OTHER ENTITIES TO HELP CREATE A UNIFIED VISION AND STRATEGY FOR THE DEVELOPMENT OF A VIBRANT, COHESIVE INNOVATION DISTRICT.

    Expenses $1,698,644 · Revenue $100,060

As filed on the 2024 return.

Listed in Part VII

  • Jeffrey Seymour

    PRESIDENT / CEO

    Total calculated
    $8,846
    From this org
    $8,846
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Cathy O'Connor

    INTERIM CEO AND BOARD TREASURER

    Total calculated
    $0
    Hours/week
    40

  • Kathy Cullen

    CHIEF FINANCIAL OFFICER

    Total calculated
    $207,109
    From this org
    $168,269
    From related orgs
    $0
    Other
    $38,840
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $168,269
    Bonus
    $0
    Other
    $0
    Deferred
    $7,269
    Nontaxable benefits
    $31,570
    Filer's total
    $207,108

  • Koey Keylon

    EXECUTIVE DIRECTOR, BIOTC

    Total calculated
    $192,339
    From this org
    $173,077
    From related orgs
    $0
    Other
    $19,262
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $173,077
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $19,262
    Filer's total
    $192,339

  • Christian Kanady

    BOARD PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Christy Gillenwater

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dr Andy Weyrich

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dr Quintin Hughes

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tomas Diaz De La Rubia

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • David Harlow

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Rick McCune

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dr Gary Raskob

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kenton Tsoodle

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • James Johnson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Schultz

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
4 November 2025
IRS schema version
2024v5.2
Source object
202533089349302238

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