TULSA ECONOMIC DEVELOPMENT CORPORATION

As filed

Subsection

03

NTEE code

S430

Classification

1000

Street

125 W 3RD ST

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2024

• TEDC RECEIVES FUNDING FROM THE U.S. DEPARTMENT OF HOUSING & URBAN DEVELOPMENT'S CDBG PROGRAM AS A CITY OF TULSA SUB-RECIPIENT, WHICH INCLUDES REIMBURSEMENTS FOR PROJECT DELIVERY COSTS.

  Expenses $763,833

• SBA MICROLOANS - TEDC HAS BORROWED FUNDS FROM THE SMALL BUSINESS ADMINISTRATION (SBA) AT BELOW MARKET INTEREST RATES. TEDC LOANS THE FUNDS TO QUALIFYING BUSINESSES AT MARKET RATES OF INTEREST AND IS LIABLE FOR THE LOANS FROM THE SBA REGARDLESS OF WHETHER THE LOAN PARTICIPANT REPAYS THE LOAN. THE SBA REQUIRES CERTAIN RESTRICTED CASH BALANCES TO BE MAINTAINED. THE AVERAGE LOAN SIZE UNDER THIS PROGRAM IS APPROXIMATELY $10,000 WITH A MAXIMUM LOAN OF $50,000.

  Expenses $209,062

• SAVING OUR HOMES INITIATIVE (SOHI) - SOHI IS A SHORT-TERM PROGRAM DEVELOPED IN COLLABORATION WITH THE CITY OF TULSA TO ASSIST IN CLEARING HOME TITLES OR PAYING PROPERTY TAX (UP TO $4,000) FOR ELIGIBLE LOW INCOME HOUSEHOLDS ACROSS THE CITY OF TULSA. TEDC CONNECTS HOUSEHOLDS WITH TFEC WHO OFFERS FREE FINANCIAL CONSELING SESSIONS TO IMPROVE FINANCIAL OUTCOMES.

  Expenses $279,750 · Grants $192,988

• Expenses $1,220,249

As filed on the 2024 return.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

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. Earlier years are each on their own filing page.

Filings

• 2024

  Revenue

  $14,471,175

  Expenses

  $3,024,030

  Contributions

  $12,218,198

  Grants paid

  $192,988

• 2023

  Revenue

  $14,282,109

  Expenses

  $3,107,861

  Contributions

  $12,663,429

  Grants paid

  $169,780

• 2022

  Revenue

  $5,003,005

  Expenses

  $5,036,348

  Contributions

  $4,039,349

  Grants paid

  $2,243,309

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

• 2021 · 990

  Revenue

  $6,170,732

  Expenses

  $3,423,765

  Assets (EOY)

  $38,001,915

• 2020 · 990

  Revenue

  $32,973,039

  Expenses

  $55,444,671

  Assets (EOY)

  $33,851,725

• 2019 · 990

  Revenue

  $37,182,038

  Expenses

  $7,107,438

  Assets (EOY)

  $64,780,716

• 2018 · 990

  Revenue

  $1,840,403

  Expenses

  $1,400,370

  Assets (EOY)

  $15,422,908

• 2017 · 990

  Revenue

  $1,979,475

  Expenses

  $1,426,304

  Assets (EOY)

  $15,088,431

• 2016 · 990

  Revenue

  $1,625,070

  Expenses

  $2,991,397

  Assets (EOY)

  $24,324,615

• 2015 · 990

  Revenue

  $2,481,490

  Expenses

  $1,479,791

  Assets (EOY)

  $25,691,080

• 2014 · 990

  Revenue

  $2,878,820

  Expenses

  $1,501,682

  Assets (EOY)

  $24,571,108

• 2013 · 990

  Revenue

  $2,128,519

  Expenses

  $1,666,296

  Assets (EOY)

  $23,256,727

• 2011 · 990

  Revenue

  — not reported

  Expenses

  $1,229,971

  Assets (EOY)

  $22,702,562

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

• YOUNG MENS CHRISTIAN ASSOCIATION OF GREATER TULSA

  $0

  2022 · TO SUPPORT ORGANIZATION'S PURPOSE

Where these grants went next →

Grants received

• GEORGE KAISER FAMILY FOUNDATION

  $2,200,000

  2022 · River West Development

• TULSA COMMUNITY FOUNDATION

  $1,025,947

  2022 · GENERAL OPERATIONS

• GEORGE KAISER FAMILY FOUNDATION

  $300,000

  2023 · Grant Writing and Grant Compliance

• OPPORTUNITY FINANCE NETWORK

  $100,000

  2022 · OFN CDFI TECH GRANT PROGRAM SUPPORTED BY GOOGLE.ORG

• TULSA COMMUNITY FOUNDATION

  $89,605

  2024 · GENERAL OPERATIONS

• GEORGE KAISER FAMILY FOUNDATION

  $50,000

  2024 · Emergency Loan Assistant

• GEORGE KAISER FAMILY FOUNDATION

  $50,000

  2023 · Empowerment Network

• GEORGE KAISER FAMILY FOUNDATION

  $46,485

  2023 · River West 909 Building

• MERCY CORPS

  $45,000

  2023 · Community Investment Trusts: Fighting Poverty & Racial Inequity Through Democratized Access to Investment

• GEORGE KAISER FAMILY FOUNDATION

  $18,955

  2024 · Saving our Homes Initiative

The 10 largest by cash amount. The API serves every itemized grant.

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Other IRS files