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← STATE CHAMBER RESEARCH FOUNDATION OKLAHOMA 21ST CENTURY

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.

Provenance

Return type
form_990
Tax year
2023
Filed
4 November 2024
IRS schema version
2023v5.1
Source object
202413109349302361

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