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Nonprofiteer
← BROKEN ARROW ECONOMIC DEVELOPMENTCORPORATION

Form 990 for tax year 2024

Filed by BROKEN ARROW ECONOMIC DEVELOPMENTCORPORATION.

Totals

Total revenue
$645,326
Total expenses
$869,147
Contributions and grants received
$46,391
Grants paid
$102,609
Program service revenue
$594,004
Investment income
$4,931
Other revenue
$0
Total assets, end of year
$1,520,210
Total liabilities, end of year
$186,354
Net assets or fund balances, end of year
$1,333,856
Program services expenses (Part IX)
$529,246
Management and general expenses
$187,335
Fundraising expenses
$152,566
Program service expenses (Part III)
$529,246

Program services were 60.9% 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

    $46,391

  • 2a · Program service revenue: Economic Dev. Services

    total $594,004 · related or exempt $594,004

  • 3 · Investment income

    total $4,931 · excluded $4,931

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $102,609 · program services $102,609

  • 11a · Fees: management

    total $487,919 · program services $268,585 · management and general $107,678 · fundraising $111,656

  • 11c · Fees: accounting

    total $38,150 · management and general $38,150

  • 12 · Advertising and promotion

    total $5,850 · program services $5,850

  • 13 · Office expenses

    total $37,328 · program services $28,000 · management and general $8,122 · fundraising $1,206

  • 14 · Information technology

    total $78,533 · program services $78,533

  • 17 · Travel

    total $24,824 · program services $18,137 · management and general $6,687

  • 19 · Conferences, conventions and meetings

    total $47,453 · program services $7,749 · fundraising $39,704

  • 20 · Interest

    total $17,649 · management and general $17,649

  • 22 · Depreciation, depletion and amortization

    total $1,758 · management and general $1,758

  • 23 · Insurance

    total $1,708 · program services $1,708

  • 24a · Other expenses: Memberships & Subscript

    total $17,161 · program services $17,161

  • 24e · All other expenses

    total $8,205 · program services $914 · management and general $7,291

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $486,011 · end of year $459,541

  • 3 · Pledges and grants receivable

    beginning of year $1,215,310 · end of year $947,197

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

    $14,868

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

    $2,908

  • 10c · Land, buildings and equipment, net

    beginning of year $13,718 · end of year $11,960

  • 12 · Investments: other securities

    beginning of year $101,004 · end of year $101,512

  • 17 · Accounts payable and accrued expenses

    beginning of year $487 · end of year $2,786

  • 19 · Deferred revenue

    beginning of year $22,480 · end of year $7,679

  • 23 · Secured mortgages and notes payable

    beginning of year $235,399 · end of year $175,889

  • 27 · Net assets without donor restrictions

    beginning of year $271,275 · end of year $210,186

  • 28 · Net assets with donor restrictions

    beginning of year $1,286,402 · end of year $1,123,670

Mission and programs · 2024

Mission

To create and/or operate citywide and multi-county economic development programs and activities that result in the creation and retention of jobs and capital within the City of Broken Arrow and surrounding area

  • Promoted economic development and business investment in Broken Arrow and the surrounding region

    Expenses $529,246 · Grants $102,609 · Revenue $594,004

As filed on the 2024 return.

Listed in Part VII

  • Davis Robson

    Chairman

    Total calculated
    $0
    Hours/week
    1

  • Gregory Graham

    Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • Dr Steve Tiger

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Brandy Moore

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Ben Buie

    Chamber Representative

    Total calculated
    $0
    Hours/week
    1

  • Steve Allen

    BAPS Representative

    Total calculated
    $0
    Hours/week
    1

  • Jennifer York-Jezek

    Member

    Total calculated
    $0
    Hours/week
    1

  • Matthew Adams

    Member

    Total calculated
    $0
    Hours/week
    1

  • Kyle Al-Rifai

    Member

    Total calculated
    $0
    Hours/week
    1

  • Terra Branson

    Member

    Total calculated
    $0
    Hours/week
    1

  • Jason Hudson

    Member

    Total calculated
    $0
    Hours/week
    1

  • Debra Wimpee

    Member

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Conway

    President/CEO

    Total calculated
    $156,760
    From this org
    $0
    From related orgs
    $156,760
    Other
    $0
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $0 + $61,522 related
    Bonus
    $0
    Other
    $0 + $95,238 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $156,760 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

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

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
2024
Filed
27 October 2025
IRS schema version
2024v5.2
Source object
202513009349301401

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