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Nonprofiteer
← THE ALLIANCE FOR ECONOMIC DEVELOPMENT OF OKLAHOMA CITY INC

Form 990 for tax year 2022

Filed by THE ALLIANCE FOR ECONOMIC DEVELOPMENT OF OKLAHOMA CITY INC.

Totals

Total revenue
$14,065,207
Total expenses
$7,622,375
Contributions and grants received
$0
Grants paid
$5,013,126
Program service revenue
$14,063,545
Investment income
$1,512
Other revenue
$150
Total assets, end of year
$15,486,207
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$15,486,207
Program services expenses (Part IX)
$7,047,225
Management and general expenses
$575,150
Fundraising expenses
$0
Program service expenses (Part III)
$7,047,225

Program services were 92.5% 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.

  • 2a · Program service revenue: OKC/OCEDT SERVICES

    total $12,633,935 · related or exempt $12,633,935

  • 2b · Program service revenue: OCURA SERVICES

    total $900,000 · related or exempt $900,000

  • 2c · Program service revenue: OIA SERVICES

    total $300,000 · related or exempt $300,000

  • 2d · Program service revenue: PROGRESS OKC

    total $100,233 · related or exempt $100,233

  • 2e · Program service revenue: CITY OF OKC/MAPS 3

    total $50,004 · related or exempt $50,004

  • 2f · All other program service revenue

    total $79,373 · related or exempt $79,373

  • 3 · Investment income

    total $1,512 · excluded $1,512

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $150 · related or exempt $150

  • 11e · Other revenue, total

    $150

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,013,126 · program services $5,013,126

  • 5 · Compensation of officers, directors and key employees

    total $545,762 · program services $408,456 · management and general $137,306

  • 7 · Other salaries and wages

    total $996,097 · program services $745,493 · management and general $250,604

  • 8 · Pension plan contributions

    total $26,399 · program services $19,757 · management and general $6,642

  • 9 · Other employee benefits

    total $103,760 · program services $77,655 · management and general $26,105

  • 10 · Payroll taxes

    total $99,097 · program services $74,166 · management and general $24,931

  • 11b · Fees: legal

    total $155,892 · program services $138,534 · management and general $17,358

  • 11c · Fees: accounting

    total $77,891 · program services $23,725 · management and general $54,166

  • 12 · Advertising and promotion

    total $175,622 · program services $175,622

  • 13 · Office expenses

    total $52,435 · program services $19,479 · management and general $32,956

  • 14 · Information technology

    total $157,206 · program services $157,206

  • 16 · Occupancy

    total $125,239 · program services $125,073 · management and general $166

  • 17 · Travel

    total $7,556 · program services $5,549 · management and general $2,007

  • 19 · Conferences, conventions and meetings

    total $22,476 · program services $16,509 · management and general $5,967

  • 22 · Depreciation, depletion and amortization

    total $37,743 · program services $27,722 · management and general $10,021

  • 23 · Insurance

    total $9,338 · program services $6,859 · management and general $2,479

  • 24a · Other expenses: MEMBERSHIPS

    total $9,694 · program services $7,120 · management and general $2,574

  • 24b · Other expenses: MEALS AND ENTERTAINMENT

    total $6,150 · program services $4,519 · management and general $1,631

  • 24c · Other expenses: OTHER EXPENSES

    total $492 · program services $361 · management and general $131

  • 24d · Other expenses: DUES AND SUBSCRIPTIONS

    total $400 · program services $294 · management and general $106

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,469,456 · end of year $14,960,278

  • 2 · Savings and temporary cash investments

    beginning of year $245,300 · end of year $235,053

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

    $362,124

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

    $71,248

  • 10c · Land, buildings and equipment, net

    beginning of year $328,619 · end of year $290,876

  • 27 · Net assets without donor restrictions

    beginning of year $882,811 · end of year $822,982

  • 28 · Net assets with donor restrictions

    beginning of year $8,160,564 · end of year $14,663,225

Mission and programs · 2022

Mission

TO FOSTER ECONOMIC DEVELOPMENT THROUGH PRIVATE AND PUBLIC COLLABORATIONS TO CREATE NEW JOB OPPORTUNITIES AND BRING ABOUT URBAN REDEVELOPMENT BY MEANS OF CONSOLIDATED AND COORDINATED PUBLIC AGENCY ECONOMIC DEVELOPMENT FUNCTIONS.

  • THE CITY OF OKLAHOMA CITY CONTRACTED THE ALLIANCE TO MANAGE THE CORONAVIRUS STATE AND LOCAL FISCAL RECOVERY FUNDS BUSINESS SUPPORT PROGRAM PURSUANT TO THE AMERICAN RESCUE PLAN ACT (ARPA). THE ALLIANCE DIRECTLY MANAGES PROGRAMS FOR TECHNICAL ASSISTANCE, FACADE IMPROVEMENT, PANDEMIC MITIGATION, AND BUSINESS DISTRICT CAPACITY BUILDING GRANTS. ELIGIBLE BENEFICIARIES SUBMIT APPLICATIONS THAT ARE PROCESSED BY THE ALLIANCE AND APPROVED BY THE CITY FOR SERVICES BY THIRD-PARTY TECHNICAL ASSISTANCE PROVIDERS, REIMBURSEMENT OF COMMERCIAL UPGRADES, OR GRANT FUNDS. THE ALLIANCE CONTRACTS OUT MANAGEMENT OF PROGRAMS RELATED TO WORKFORCE DEVELOPMENT AND JOB TRAINING, ACCELERATOR TRAINING FOR SMALL BUSINESSES, AND SUPPLIER SERVICES TO ASSIST MINORITY FIRMS IN GETTING CONTRACTS. APPLICATIONS ARE COLLECTED BY CONTRACTORS AND APPROVED BY THE ALLIANCE AND THE CITY.

    Expenses $5,459,924 · Grants $5,013,126 · Revenue $11,962,583

  • PROVISION OF PROFESSIONAL ECONOMIC DEVELOPMENT MANAGEMENT SERVICES AND ADVISORY SERVICES TO THE CITY OF OKLAHOMA CITY AND THE OKLAHOMA CITY ECONOMIC DEVELOPMENT TRUST, INCLUDING SERVICES IN CONNECTION WITH THE CITY OF OKLAHOMA CITY'S MAPS 4 PROGRAM. POLICY-MAKING AUTHORITY REMAINS IN THE GOVERNING BODIES OF THE ENTITIES BEING SERVED.

    Expenses $544,953 · Revenue $721,355

  • PROVISION OF PROFESSIONAL ECONOMIC DEVELOPMENT MANAGEMENT AND ADVISORY SERVICES TO THE OKLAHOMA CITY URBAN RENEWAL AUTHORITY. AS PART OF THIS ARRANGEMENT, THIS ORGANIZATION'S PRESIDENT, KENTON TSOODLE, ACTED AS EXECUTIVE DIRECTOR OF THE OKLAHOMA CITY URBAN RENEWAL AUTHORITY (KENTON TSOODLE RECEIVES NO COMPENSATION FROM THE OKLAHOMA CITY URBAN RENEWAL AUTHORITY). POLICY-MAKING AUTHORITY REMAINS IN THE GOVERNING BODY OF THE ENTITY BEING SERVED.

    Expenses $779,449 · Revenue $1,031,757

  • PROVISION OF PROFESSIONAL ECONOMIC DEVELOPMENT MANAGEMENT AND ADVISORY SERVICES TO THE OKLAHOMA INDUSTRIES AUTHORITY. AS PART OF THIS ARRANGEMENT, THIS ORGANIZATION'S PRESIDENT, KENTON TSOODLE, ACTED AS GENERAL MANAGER OF THE OKLAHOMA INDUSTRIES AUTHORITY (KENTON TSOODLE RECEIVES NO COMPENSATION FROM THE OKLAHOMA INDUSTRIES AUTHORITY). POLICY-MAKING AUTHORITY REMAINS IN THE GOVERNING BODY OF THE ENTITY BEING SERVED.

    Expenses $262,899 · Revenue $348,000

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • J Larry Nichols

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Ronald J Norick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Clayton I Bennett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Debra V Hampton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Craig Freeman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Tony J Tyler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Michael Brooks-Jiminez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • James R Tolbert III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Councilwoman Barbara Peck

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Roy H Williams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Rhonda Hooper

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Catherine R O'Connor

    FORMER PRESIDENT

    Total calculated
    $165,145
    From this org
    $152,212
    From related orgs
    $0
    Other
    $12,933
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $92,212
    Bonus
    $60,000
    Other
    $0
    Deferred
    $7,237
    Nontaxable benefits
    $5,696
    Filer's total
    $165,145

  • Geri Harlan

    CFO

    Total calculated
    $204,514
    From this org
    $184,835
    From related orgs
    $0
    Other
    $19,679
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $168,235
    Bonus
    $16,600
    Other
    $0
    Deferred
    $10,260
    Nontaxable benefits
    $9,419
    Filer's total
    $204,514

  • Kenton Tsoodle

    PRESIDENT

    Total calculated
    $242,846
    From this org
    $202,092
    From related orgs
    $0
    Other
    $40,754
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $202,092
    Bonus
    $0
    Other
    $0
    Deferred
    $26,380
    Nontaxable benefits
    $14,374
    Filer's total
    $242,846

  • J Keith Kuhlman

    DIRECTOR OF SPECIAL PROJECTS

    Total calculated
    $127,090
    From this org
    $120,013
    From related orgs
    $0
    Other
    $7,077
    Hours/week
    40

  • Cassandra Poor

    DIRECTOR OF REAL ESTATE DEVELOP.

    Total calculated
    $111,162
    From this org
    $102,274
    From related orgs
    $0
    Other
    $8,888
    Hours/week
    45

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

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Form 990 of other organizations
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
ANNUALLY WE ANALYZE THE PAY CHANGES OF MULTIPLE EXECUTIVE DIRECTORS OF SIMILAR ORGANIZATIONS. THAT INFORMATION IS PROVIDED TO THE BOARD CHAIR. THE BOARD CHAIR THEN DETERMINES CHANGES TO THE EXECUTIVE DIRECTOR'S SALARY.
PART I, LINE 7
THE BOARD CHAIR DETERMINES THE PRESIDENT'S BONUS IN THEIR ANNUAL REVIEW AND GIVES APPROVAL FOR THE BONUS TO BE PAID. THE PRESIDENT THEN DETERMINES THE BONUSES OF THE OTHER EMPLOYEES DURING THEIR ANNUAL REVIEW PROCESS.

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

  • BE YOUR OWN BOSS LLC

    $560,100

    CORONAVIRUS RELIEF

  • INSIDE TRACK RESOURCES INC

    $304,125

    CORONAVIRUS RELIEF

  • SIRISOMBATH MARKETING & STRATEGY LLC

    $287,030

    CORONAVIRUS RELIEF

  • ANGLIN PUBLIC RELATIONS

    $180,000

    CORONAVIRUS RELIEF

  • WE THE PEOPLE CONSULTING LLC

    $161,250

    CORONAVIRUS RELIEF

  • SMIRK NEW MEDIA LLC

    $160,500

    CORONAVIRUS RELIEF

  • STITCHCREW INC

    $135,000

    CORONAVIRUS RELIEF

  • DEMARCO L ROBINSON DBA DESINGS BY DEMARCO LLC

    $117,925

    CORONAVIRUS RELIEF

  • I2E INC

    $116,856

    CORONAVIRUS RELIEF

  • M LASHELL PHOTOGRAPHY LLC

    $110,000

    CORONAVIRUS RELIEF

The 10 largest by cash amount. The API serves every itemized grant.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

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

  • 36TH & LINCOLN LLC

    RELATED · ECONOMIC DEVELOPMENT · OK · 95% owned · share of income -$117,334 · share of assets $12,252,549 · general or managing partner

    Directly controlled by THE ALLIANCE FOR ECONOMIC DEVELOPMENT OF OKLAHOMA CITY INC

  • HLD GROCERY LLC

    RELATED · ECONOMIC DEVELOPMENT · OK · 37.5% owned · share of income -$77,209 · share of assets $3,926,954 · general or managing partner

    Directly controlled by THE ALLIANCE FOR ECONOMIC DEVELOPMENT OF OKLAHOMA CITY INC

Provenance

Return type
form_990
Tax year
2022
Filed
10 May 2024
IRS schema version
2022v5.0
Source object
202431349349304313

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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