Form 990 for tax year 2023
Filed by OKLAHOMA CITY ECONOMIC DEVELOPMENT FOUNDATION INC.
Totals
- Total revenue
- $4,711,956
- Total expenses
- $4,236,330
- Contributions and grants received
- $1,684,533
- Grants paid
- $833,500
- Program service revenue
- $2,997,493
- Investment income
- $29,930
- Other revenue
- $0
- Total assets, end of year
- $3,182,450
- Total liabilities, end of year
- $1,393,988
- Net assets or fund balances, end of year
- $1,788,462
- Program services expenses (Part IX)
- $4,001,525
- Management and general expenses
- $234,805
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $4,001,525
Program services were 94.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Listed in Part VII
-
GILLENWATER CHRISTY
PRESIDENT & CEO
- Total calculated
- $448,537
- From this org
- $0
- From related orgs
- $415,646
- Other
- $32,891
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $375,852 related
- Bonus
- $0
- Other
- $0 + $39,794 related
- Deferred
- $0 + $18,462 related
- Nontaxable benefits
- $0 + $14,429 related
- Filer's total
- $0 + $448,537 related
-
TRAUSCHKE SEAN
CHAIRMAN OF THE BOARD
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
ROSE TERESA
CHAIR-ELECT, V.C. - EDUCATION & MAPS 4 DEVELOPMENT
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
HART JOHN
TREASURER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
RAINBOLT DAVID
CORPORATE SECRETARY
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
BENNETT CLAYTON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
HATFIELD JUDY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
HOOPER RHONDA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
KRIEGER BRADLEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
LANCE BILL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
MCDANIEL TOM
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
MEYER JENNY LOVE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
MUNCRIEF RICK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
NICHOLS J LARRY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
SHORTRIDGE W KENT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
DENNY BARBARA L
CFO/VP OF OPERATIONS
- Total calculated
- $305,822
- From this org
- $0
- From related orgs
- $281,749
- Other
- $24,073
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $200,353 related
- Bonus
- $0 + $81,396 related
- Other
- $0
- Deferred
- $0 + $17,298 related
- Nontaxable benefits
- $0 + $6,775 related
- Filer's total
- $0 + $305,822 related
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
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4a · Severance or change-of-control payment
- 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
The filer's explanations (Part III)
- PART I, LINE 3
- CEO WAS RETAINED IN JANUARY 2023 THROUGH AN EXECUTIVE SEARCH FIRM. COMPENSATION WAS ESTABLISHED VIA MARKET COMPARISONS BY AN INDEPENDENT PARTY AND FURTHER SUPPORTED BY COMPARISONS TO FORM 990 DATA AND PAST SURVEY RESULTS. COMPENSATION WAS APPROVED BY THE COMPENSATION COMMITTEE.
- PART I, LINE 4
- THE GREATER OKLAHOMA CITY CHAMBER OF COMMERCE, INC. PROVIDED A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN TO ITS PRESIDENT & CEO, ROY WILLIAMS. THIS PLAN WAS PAID OUT WHEN MR. WILLIAMS RETIRED IN MARCH OF 2023.
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
-
ECONOMIC DEVELOPMENT
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
GREATER OKLAHOMA CITY CHAMBER OF COMMERCE INC
501(C)(6) · ECONOMIC DEVELOPMENT · OK
-
GREATER OKLAHOMA CITY CHAMBER INC POLITICAL ACTION COMMITTEE
527 · POLITICAL SUPPORT · OK · controlled entity
Directly controlled by GREATER OKLAHOMA CITY CHAMBER OF COMMERCE INC
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 13 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202433209349311633
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.