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Nonprofiteer
← I2E INC

Form 990 for tax year 2022

Filed by I2E INC.

Totals

Total revenue
$6,662,200
Total expenses
$5,231,839
Contributions and grants received
$3,356,835
Grants paid
$0
Program service revenue
$2,365,635
Investment income
$891,814
Other revenue
$47,916
Total assets, end of year
$28,827,448
Total liabilities, end of year
$232,887
Net assets or fund balances, end of year
$28,594,561
Program services expenses (Part IX)
$4,570,322
Management and general expenses
$642,917
Fundraising expenses
$18,600
Program service expenses (Part III)
$4,570,322

Program services were 87.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • MARK POOLE

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • BRAD KRIEGER

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • HOWARD BARNETT JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MICHAEL BASCH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • STEVE CROPPER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • CARL EDWARDS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • PHILIP ELLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • TOM EVANS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • CHRIS FLEMING

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • CHRISTY GILLENWATER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • DANNY HILLIARD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • ARTHUR JACKSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • PHILIP KURTZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • DEVON LANEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • RICK MCCUNE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JENNIFER MCGRAIL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MARK NANCE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • DAVID PITTS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • RYAN POSEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MEG SALYER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • DARRYL SCHMIDT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • CRAIG SHIMASAKI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JAMES SPANN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • ROBERT THOMAS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • ROSE WASHINGTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • ANDREW S WEYRICH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • ROY WILLIAMS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • DUANE WILSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • SCOTT MEACHAM

    CEO

    Total calculated
    $221,243
    From this org
    $0
    From related orgs
    $221,243
    Other
    $0
    Hours/week
    4 + 33 related

    Schedule J breakdown matched by us

    Base
    $0 + $171,959 related
    Bonus
    $0 + $49,284 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $221,243 related

  • REX SMITHERMAN

    PRESIDENT

    Total calculated
    $229,049
    From this org
    $210,942
    From related orgs
    $0
    Other
    $18,107
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $149,402
    Bonus
    $61,540
    Other
    $0
    Deferred
    $6,413
    Nontaxable benefits
    $11,694
    Filer's total
    $229,049

  • MARK LAUINGER

    SVP CLIENT SERVICES

    Total calculated
    $185,119
    From this org
    $163,670
    From related orgs
    $0
    Other
    $21,449
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $123,783
    Bonus
    $39,887
    Other
    $0
    Deferred
    $5,133
    Nontaxable benefits
    $16,316
    Filer's total
    $185,119

  • SARAH SEAGRAVES

    SVP MARKETING

    Total calculated
    $99,190
    From this org
    $96,305
    From related orgs
    $0
    Other
    $2,885
    Hours/week
    40 + 1 related

  • JUDY BEECH

    VP OF FINANCE

    Total calculated
    $169,318
    From this org
    $157,865
    From related orgs
    $0
    Other
    $11,453
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $117,623
    Bonus
    $40,242
    Other
    $0
    Deferred
    $4,826
    Nontaxable benefits
    $6,627
    Filer's total
    $169,318

  • MICHAEL LA BRIE

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • RICHARD RAINEY

    VENTURE ADVISOR

    Total calculated
    $136,886
    From this org
    $116,855
    From related orgs
    $0
    Other
    $20,031
    Hours/week
    40 + 1 related

  • MALACHI BLANKENSHIP

    VENTURE ADVISOR

    Total calculated
    $134,208
    From this org
    $113,286
    From related orgs
    $0
    Other
    $20,922
    Hours/week
    40 + 1 related

  • SRIJITA GHOSH

    VENTURE ADVISOR

    Total calculated
    $110,317
    From this org
    $100,440
    From related orgs
    $0
    Other
    $9,877
    Hours/week
    40 + 1 related

  • DARCY WILBORN

    VP OF OPERATIONS

    Total calculated
    $109,601
    From this org
    $106,408
    From related orgs
    $0
    Other
    $3,193
    Hours/week
    40 + 1 related

  • JUSTIN WILSON

    IMCI MANAGING DIRECTOR/PRESIDENT

    Total calculated
    $296,631
    From this org
    $0
    From related orgs
    $296,631
    Other
    $0
    Hours/week
    6 + 36 related

    Schedule J breakdown matched by us

    Base
    $0 + $210,648 related
    Bonus
    $0 + $85,983 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $296,631 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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 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
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.

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.

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.

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.

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 $1,235,565 · assets $714,191

    Directly controlled by I2E INC

  • I2E ACCELERATE OKLAHOMA LLC

    FUND MANAGEMENT · OK · income $147,113 · assets $22,120,002

    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 -$5,616 · share of assets $84,402 · 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 -$3,969 · share of assets $69,261 · 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 $274 · share of assets $483,009 · 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 · 11.69% owned · share of income -$21,470 · share of assets $554,492

    Directly controlled by PLAINS VENTURE PARTNERS LLC

  • PLAINS VENTURE PARTNERS LLC

    EXCLUDED · INVESTMENT MANAGEMENT · OK · 50% owned · share of income $8,907 · share of assets $278,204

    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 $60,000 · share of assets $232,409 · controlled entity

    Directly controlled by I2E INC

  • I2E MANAGEMENT COMPANY INC

    C · MANAGEMENT SERVICES · OK · 100% owned · share of income $2,059,781 · share of assets $1,391,409 · controlled entity

    Directly controlled by I2E INC

Provenance

Return type
form_990
Tax year
2022
Filed
10 May 2024
IRS schema version
2022v5.0
Source object
202441359349302544

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