Form 990 for tax year 2022
Filed by BROKEN ARROW ECONOMIC DEVELOPMENTCORPORATION.
Totals
- Total revenue
- $2,135,482
- Total expenses
- $822,508
- Contributions and grants received
- $1,623,993
- Grants paid
- $28,580
- Program service revenue
- $511,489
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $1,786,898
- Total liabilities, end of year
- $301,998
- Net assets or fund balances, end of year
- $1,484,900
- Program services expenses (Part IX)
- $388,066
- Management and general expenses
- $99,842
- Fundraising expenses
- $334,600
- Program service expenses (Part III)
- $388,066
Program services were 47.2% 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
$1,623,993
-
2a · Program service revenue: Economic Dev. Services
total $511,489 · related or exempt $511,489
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $28,580 · program services $28,580
-
11a · Fees: management
total $340,625 · program services $216,299 · management and general $73,611 · fundraising $50,715
-
11c · Fees: accounting
total $8,000 · management and general $8,000
-
11e · Fees: professional fundraising services
total $220,000 · fundraising $220,000
-
12 · Advertising and promotion
total $9,420 · program services $9,420
-
13 · Office expenses
total $27,416 · program services $24,000 · management and general $2,171 · fundraising $1,245
-
14 · Information technology
total $44,803 · program services $44,803
-
17 · Travel
total $37,348 · program services $31,046 · management and general $6,302
-
19 · Conferences, conventions and meetings
total $1,763 · program services $1,763
-
20 · Interest
total $7,929 · management and general $7,929
-
23 · Insurance
total $1,829 · management and general $1,829
-
24a · Other expenses: Fundraising Campaign Ex
total $62,640 · fundraising $62,640
-
24b · Other expenses: Memberships & Subscript
total $25,399 · program services $25,399
-
24e · All other expenses
total $6,756 · program services $6,756
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $161,269 · end of year $332,406
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $1,353,991
-
12 · Investments: other securities
beginning of year $100,000 · end of year $100,501
-
17 · Accounts payable and accrued expenses
beginning of year $15,302 · end of year $3,775
-
19 · Deferred revenue
beginning of year $40,000 · end of year $3,750
-
23 · Secured mortgages and notes payable
beginning of year $30,000 · end of year $288,804
-
25 · Other liabilities
beginning of year $4,041 · end of year $5,669
-
27 · Net assets without donor restrictions
beginning of year $171,926 · end of year $130,909
-
28 · Net assets with donor restrictions
beginning of year $0 · end of year $1,353,991
Mission and programs · 2022
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 $388,066 · Grants $28,580 · Revenue $511,489
As filed on the 2022 return.
Listed in Part VII
-
Jennifer Jezek
Chairman
- Total calculated
- $0
- Hours/week
- 1
-
Davis Robson
Vice Chair
- Total calculated
- $0
- Hours/week
- 1
-
Dr Steve Tiger
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Gregory Graham
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Michael Gordon
Chamber Representative
- Total calculated
- $0
- Hours/week
- 1
-
Steve Allen
BAPS Representative
- Total calculated
- $0
- Hours/week
- 1
-
Jason Hudson
Member
- Total calculated
- $0
- Hours/week
- 1
-
Marlon Goodwin
Member
- Total calculated
- $0
- Hours/week
- 1
-
Brandy Moore
Member
- Total calculated
- $0
- Hours/week
- 1
-
Rob Whitlock
Member
- Total calculated
- $0
- Hours/week
- 1
-
Terra Branson
Member
- Total calculated
- $0
- Hours/week
- 1
-
Debra Wimpee
Member
- Total calculated
- $0
- Hours/week
- 1
-
Jennifer Conway
President/CEO
- Total calculated
- $186,939
- From this org
- $0
- From related orgs
- $172,956
- Other
- $13,983
- Hours/week
- 20 + 20 related
Schedule J breakdown matched by us
- Base
- $0 + $150,397 related
- Bonus
- $0 + $22,559 related
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $13,983 related
- Filer's total
- $0 + $186,939 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
-
Site Selection Group LLC
$24,000
TOP grant program
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.
-
Broken Arrow Chamber of Commerce
501(c)(6) · Economic & Business Development · OK
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 August 2023
- IRS schema version
- 2022v5.0
- Source object
- 202342269349300049
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