Form 990 for tax year 2023
Filed by STATE CHAMBER RESEARCH FOUNDATION OKLAHOMA 21ST CENTURY.
Totals
- Total revenue
- $686,634
- Total expenses
- $550,786
- Contributions and grants received
- $686,634
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $812,227
- Total liabilities, end of year
- $126,857
- Net assets or fund balances, end of year
- $685,370
- Program services expenses (Part IX)
- $199,280
- Management and general expenses
- $351,506
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $199,280
Program services were 36.2% 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.
-
1f · All other contributions, gifts and grants
$686,634
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $37,672 · management and general $37,672
-
11b · Fees: legal
total $52,882 · program services $39,456 · management and general $13,426
-
11c · Fees: accounting
total $8,075 · management and general $8,075
-
11g · Fees: other
total $101,260 · program services $26,060 · management and general $75,200
-
12 · Advertising and promotion
total $299 · management and general $299
-
13 · Office expenses
total $1,681 · program services $109 · management and general $1,572
-
14 · Information technology
total $700 · management and general $700
-
17 · Travel
total $6,581 · program services $434 · management and general $6,147
-
19 · Conferences, conventions and meetings
total $15,318 · program services $11,855 · management and general $3,463
-
23 · Insurance
total $2,462 · management and general $2,462
-
24a · Other expenses: Staffing Reimbursement
total $275,286 · program services $109,796 · management and general $165,490
-
24b · Other expenses: Research Expenses
total $47,000 · program services $10,000 · management and general $37,000
-
24e · All other expenses
total $1,570 · program services $1,570
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $633,202 · end of year $812,227
-
9 · Prepaid expenses and deferred charges
beginning of year $2,050 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $85,730 · end of year $126,857
-
27 · Net assets without donor restrictions
beginning of year $443,834 · end of year $685,370
-
28 · Net assets with donor restrictions
beginning of year $105,688 · end of year $0
Mission and programs · 2023
Mission
Perform and promote research regarding economic development opportunities and the role of industry in the civic, sociological, and cultural betterment of the citizens of the state of Oklahoma.
Activities or mission (Part I)
Perform and promote research regarding economic development opportunities
-
Workforce/EducationSCRF's education and workforce development program aims to strategically engage key stakeholders and propose innovative policy reforms that create an academic environment that aligns with the evolving needs of the business community.The Business Leaders Poll is an essential tool and the only statewide scientific survey that provides a regular pulse on the views, concerns, and outlook of Oklahoma's diverse business community. The annual poll encompasses small and large businesses, urban and rural, from C-suites to corner stores. The survey results provide valuable information, identifying key challenges and barriers identified by business owners.RIEDThe Research Institute for Economic Development (RIED) Report is dedicated to helping the business community understand how Oklahoma's legislators vote on business, job and economic issues. OK2030 OK2030 was a strategic visioning initiative aimed at addressing core public policy issues that keep Oklahoma at the bottom of many national rankings. The initiative is designed to be business-led, and identifies Four Foundations of a forward moving economy/state: (1) Business Climate & Competitiveness, (2) Fiscal Stability & Governance, (3) Workforce & Talent Development, and (4) Quality of Life.LEGAL CENTERThe Legal Center is geared toward researching policy implications surrounding the third branch of government. The purpose of the SCRF Legal Center is to promote free enterprise and economic prosperity by advocating for the consistent and fair application of the law as written.LEAThe Leadership Exchange Academy is a cohort program where leaders come to exchange ideas and learn about good government practices, the public policy process, and free enterprise.The Oklahoma Scorecard is an annual publication that evaluates Oklahoma's competitive position compared to the nation, region, and a set of peer states sharing various characteristics
Expenses $199,280
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Bill Schonacher
President
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Kristin Peck
Vice-President
- Total calculated
- $0
- Hours/week
- 1
-
Dana Weber
Secretary
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Kevin Gross
Treasurer
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Steve Hahn
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Rick Nagel
Director
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Dan Boren
Director
- Total calculated
- $0
- Hours/week
- 1
-
John Wiscaver
Director
- Total calculated
- $0
- Hours/week
- 1
-
Kevin Wagner
Director
- Total calculated
- $0
- Hours/week
- 1
-
Bobby Stern
Director
- Total calculated
- $0
- Hours/week
- 1
-
Chad Warmington
President & CEO
- Total calculated
- $460,705
- From this org
- $0
- From related orgs
- $439,387
- Other
- $21,318
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $439,387 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $21,318 related
- Nontaxable benefits
- $0 + $2,267 related
- Filer's total
- $0 + $462,972 related
-
Ben Lepak
Executive Director
- Total calculated
- $167,416
- From this org
- $0
- From related orgs
- $156,482
- Other
- $10,934
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $0 + $156,482 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $10,934 related
- Nontaxable benefits
- $0 + $1,486 related
- Filer's total
- $0 + $168,902 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
None.
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
The filer's explanations (Part III)
- Part I, Line 3
- Compensation is paid to the President and CEO and Executive Director by a related organization. The related organization has a process in place for determining compensation using the methods described in Line 3.
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.
-
Oklahoma State Chamber of Commerce
501(c)(6) · Economic Activity · OK
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 4 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202413109349302361
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