Totals
- Total revenue
- $3,223,676
- Total expenses
- $2,227,160
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $3,152,784
- Investment income
- $69,635
- Other revenue
- $1,257
- Total assets, end of year
- $7,095,537
- Total liabilities, end of year
- $1,223,731
- Net assets or fund balances, end of year
- $5,871,806
- Program services expenses (Part IX)
- $2,052,009
- Management and general expenses
- $175,151
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $2,052,009
Program services were 92.1% 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.
-
2a · Program service revenue: OPERATING FEES
total $1,380,000 · related or exempt $1,380,000
-
2b · Program service revenue: MANAGEMENT FEES
total $1,164,784 · related or exempt $1,164,784
-
2c · Program service revenue: EXIT FEE REVENUE
total $400,000 · related or exempt $400,000
-
2d · Program service revenue: AUDIT REIMBURSEMENT IN
total $208,000 · related or exempt $208,000
-
3 · Investment income
total $11,831 · excluded $11,831
-
7a · Gross sales of assets other than inventory
securities $56,954 · other assets $850
-
7b · Less cost or other basis and sales expenses
securities $0 · other assets $0
-
7c · Gain or loss
securities $56,954 · other assets $850
-
7d · Net gain or loss
total $57,804 · excluded $57,804
-
11a · Other revenue: INCOME (LOSS) FROM INV
total $1,257 · related or exempt $1,257
-
11e · Other revenue, total
$1,257
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $862,221 · program services $862,221
-
8 · Pension plan contributions
total $353,511 · program services $353,511
-
11b · Fees: legal
total $32,254 · program services $32,254
-
11c · Fees: accounting
total $237,015 · program services $237,015
-
11g · Fees: other
total $46,350 · program services $46,350
-
13 · Office expenses
total $51,297 · management and general $51,297
-
17 · Travel
total $466,235 · program services $466,235
-
19 · Conferences, conventions and meetings
total $19,423 · program services $19,423
-
22 · Depreciation, depletion and amortization
total $18,657 · management and general $18,657
-
23 · Insurance
total $55,276 · management and general $55,276
-
24a · Other expenses: DUES & FEES
total $43,822 · management and general $43,822
-
24b · Other expenses: BAD DEBTS
total $37,400 · program services $35,000 · management and general $2,400
-
24c · Other expenses: REPAIRS & MAINTENANCE
total $3,699 · management and general $3,699
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $661,557 · end of year $1,582,656
-
2 · Savings and temporary cash investments
beginning of year $4,904,888 · end of year $5,287,815
-
4 · Accounts receivable
beginning of year $10,000 · end of year $30,000
-
9 · Prepaid expenses and deferred charges
beginning of year $24,980 · end of year $24,530
-
10a · Land, buildings and equipment: cost or other basis
$188,447
-
10b · Land, buildings and equipment: accumulated depreciation
$132,672
-
10c · Land, buildings and equipment, net
beginning of year $72,834 · end of year $55,775
-
13 · Investments: program-related
beginning of year $134,574 · end of year $114,761
-
17 · Accounts payable and accrued expenses
beginning of year $58,602 · end of year $2,923
-
19 · Deferred revenue
beginning of year $841,078 · end of year $403,794
-
25 · Other liabilities
beginning of year $567,762 · end of year $817,014
-
27 · Net assets without donor restrictions
beginning of year $4,341,391 · end of year $5,871,806
Mission and programs · 2024
Mission
REI DEVELOPMENT CORP EXPANDS OPPORTUNITIES FOR OKLAHOMANS BY PROVIDING ECONOMIC DEVELOPMENT ACTIVITIES IN DISTRESSED AREAS OF OKLAHOMA UTILIZING FEDERAL TAX CREDIT PROGRAMS TO ENCOURAGE BUSINESSES TO LOCATE IN THESE AREAS. CONTINUED ON SCHEDULE O
Activities or mission (Part I)
SEE SCHEDULE O.THE CORPORATION EXPANDS OPPORTUNITIES FOR OKLAHOMANS BY PROVIDING ECONOMIC DEVELOPMENT ACTIVITIES IN DISTRESSED AREAS OF OKLAHOMA.
-
SINCE 2003, REI HAS CONDUCTED ECONOMIC DEVELOPMENT IN ECONOMICALLY DISTRESSED AREAS OF OKLAHOMA BY PROVIDING INVESTMENT CAPITAL THROUGH THE NEW MARKET TAX CREDIT PROGRAMS USED TO REVITALIZE LOW INCOME COMMUNITIES IN OKLAHOMA AND ENCOURAGE BUSINESSES TO LOCATE IN THESE ECONOMICALLY DEPRESSED COMMUNITIES.
Expenses $2,052,009 · Revenue $3,154,041
As filed on the 2024 return.
Listed in Part VII
-
CLAYTON TAYLOR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
JEFF GREENLEE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
KYLE HUGHBANKS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
MARTIN VANMETER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
SCOTT DEWALD
PRESIDENT/CEO
- Total calculated
- $530,042
- From this org
- $0
- From related orgs
- $487,375
- Other
- $42,667
- Hours/week
- 19 + 17 related
Schedule J breakdown matched by us
- Base
- $0 + $333,697 related
- Bonus
- $0 + $141,640 related
- Other
- $0 + $12,038 related
- Deferred
- $0 + $27,487 related
- Nontaxable benefits
- $0 + $15,180 related
- Filer's total
- $0 + $530,042 related
-
DEBBIE PARTIN
EXECUTIVE VICE PRESIDENT
- Total calculated
- $286,933
- From this org
- $0
- From related orgs
- $260,220
- Other
- $26,713
- Hours/week
- 24 + 12 related
Schedule J breakdown matched by us
- Base
- $0 + $196,012 related
- Bonus
- $0 + $63,369 related
- Other
- $0 + $839 related
- Deferred
- $0 + $16,106 related
- Nontaxable benefits
- $0 + $10,607 related
- Filer's total
- $0 + $286,933 related
-
LORI HILL
TRASURER/SECRETARY
- Total calculated
- $273,272
- From this org
- $0
- From related orgs
- $250,232
- Other
- $23,040
- Hours/week
- 23 + 13 related
Schedule J breakdown matched by us
- Base
- $0 + $187,234 related
- Bonus
- $0 + $60,254 related
- Other
- $0 + $2,744 related
- Deferred
- $0 + $15,315 related
- Nontaxable benefits
- $0 + $7,725 related
- Filer's total
- $0 + $273,272 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
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
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
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 3
- YES, REI DC HAS A SHARED SERVICES AGREEMENT WITH RURAL ENTERPRISES AND REI DC ADOPTS AND ADHERES TO THE POLICIES, WHICH INCLUDE THE ANNUAL COMPENSATION REVIEW FOR THE REI DC PRESIDENT AND OFFICERS
- PART I, LINE 6
- THE ORGANIZATION PAYS OUT INCENTIVE COMPENSATION BASED ON TWO GOALS, WHICH INCLUDE THE NET EARNINGS OF REI DEVELOPMENT CORPORATION AND RURAL ENTERPRISES OF OK, A RELATED ORGANIZATION. THIS IS PART OF THE OVERALL INCENTIVE PLAN STRUCTURE AS DESCRIBED FOR PART I, LINE 5A.
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.
-
RURAL ENTERPRISES OF OKLAHOMA INC
501(C)(3) · ECONOMIC · OK
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.
-
ECONOMIC DEVE · OK · income $0 · assets $0
Directly controlled by REI DEVELOPMENT CORP
-
ECONOMIC DEVE · OK · income $0 · assets $0
Directly controlled by REI DEVELOPMENT CORP
-
ECONOMIC DEVE · OK · income $0 · assets $0
Directly controlled by REI DEVELOPMENT CORP
-
ECONOMIC DEVE · OK · income $0 · assets $0
Directly controlled by REI DEVELOPMENT CORP
-
ECONOMIC DEVE · OK · income $0 · assets $0
Directly controlled by REI DEVELOPMENT CORP
-
ECONOMIC DEVE · OK · income $0 · assets $0
Directly controlled by REI DEVELOPMENT CORP
-
ECONOMIC DEVE · OK · income $0 · assets $0
Directly controlled by REI DEVELOPMENT CORP
-
ECONOMIC DEVE · OK · income $0 · assets $0
Directly controlled by REI DEVELOPMENT CORP
-
ECONOMIC DEVE · OK · income $0 · assets $0
Directly controlled by REI DEVELOPMENT CORP
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
RELATED · ECONOMIC DEVE · OK · 3.98% owned · share of income -$2,299 · share of assets $38,788
-
RELATED · ECONOMIC DEVE · OK · 0.1% owned · share of income $136 · share of assets $7,458 · general or managing partner
-
RELATED · ECONOMIC DEVE · OK · 100% owned · share of income $665 · general or managing partner
-
RELATED · ECONOMIC DEVE · OK · 100% owned · share of income $229 · general or managing partner
-
RELATED · ECONOMIC DEVE · OK · 0.01% owned · share of income $75 · share of assets $7,391 · general or managing partner
-
RELATED · ECONOMIC DEVE · OK · 0.01% owned · share of income $5 · share of assets $581 · general or managing partner
-
RELATED · ECONOMIC DEVE · OK · 0.01% owned · share of income $18 · share of assets $1,900 · general or managing partner
-
RELATED · ECONOMIC DEVE · OK · 0.01% owned · share of income $9 · share of assets $1,457 · general or managing partner
-
RELATED · ECONOMIC DEVE · OK · 0.01% owned · share of income $5 · share of assets $500 · general or managing partner
-
RELATED · ECONOMIC DEVE · OK · 0.01% owned · share of income $5 · share of assets $972 · general or managing partner
-
RELATED · ECONOMIC DEVE · OK · 0.01% owned · share of income $21 · share of assets $3,000 · general or managing partner
-
RELATED · ECONOMIC DEVE · OK · 0.01% owned · share of income $14 · share of assets $2,450 · general or managing partner
-
RELATED · ECONOMIC DEVE · OK · 0.01% owned · share of income $10 · share of assets $700 · general or managing partner
-
RELATED · ECONOMIC DEVE · OK · 0.01% owned · share of income $12 · share of assets $727 · general or managing partner
-
RELATED · ECONOMIC DEVE · OK · 0.01% owned · share of income $8 · share of assets $1,000 · general or managing partner
-
RELATED · ECONOMIC DEVE · OK · 0.01% owned · share of income $6 · share of assets $600 · general or managing partner
-
RELATED · ECONOMIC DEVE · OK · 0.01% owned · share of income $15 · share of assets $2,000 · general or managing partner
-
RELATED · ECONOMIC DEVE · OK · 0.01% owned · share of income $11 · share of assets $1,500 · general or managing partner
-
RELATED · ECONOMIC DEVE · OK · 0.01% owned · share of income $14 · share of assets $2,000 · general or managing partner
-
RELATED · ECONOMIC DEVE · OK · 0.01% owned · share of income $6 · share of assets $1,000 · general or managing partner
-
RELATED · ECONOMIC DEVE · OK · 0.01% owned · share of income $2 · share of assets $1,600 · general or managing partner
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 22 October 2025
- IRS schema version
- 2024v5.2
- Source object
- 202503039349301755
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.