Nonprofit · EIN 73-0751819
DUNCAN AREA ECONOMIC DEVELOPMENT FOUNDATION
Tax-exempt · DUNCAN, OK 73533
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,454,413 | $980,153 | $3,474,260 | $28,124,050 | $1,040,459 | $27,083,591 |
| December 31, 2023 | 990 | $2,619,410 | $976,777 | $1,642,633 | $23,883,296 | $298,103 | $23,585,193 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $3,762,724
- of which government grants
- $1,699,914
- Membership dues
- $51,500
- Program service revenue
- $0
- Investment income
- $131,086
- Net rental income
- $553,960
- Other revenue
- $560,603
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $223,690
- Other salaries and wages
- $129,342
- Salaries, compensation and benefits (total)
- $420,706
- Professional fundraising fees
- $0
- Occupancy
- $25,500
- Travel
- $18,226
- Depreciation
- $7,270
- Program services (functional)
- $717,255
- Management and general (functional)
- $262,898
Balance sheet and other
- Total assets, start of year
- $23,883,296
- Total assets, end of year
- $28,124,050
- Total liabilities, end of year
- $1,040,459
- Net assets, end of year
- $27,083,591
- Land, buildings and equipment
- $22,981,846
- Publicly traded securities
- $2,359,015
- Net assets without donor restrictions
- $17,372,995
- Net assets with donor restrictions
- $9,710,596
- Gross receipts
- $6,260,418
- Employees
- 5
- Year formed
- 1954
- State of legal domicile
- OK
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LYLE ROGGOW | PRESIDENT Key employee | 40 | $192,253 | $31,437 |
| BILL GOSSETT | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| RICK BRAUGHT | VICE CHAIRMA Trustee or director, Officer | 1 | $0 | $0 |
| HAL LABYER | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| KEVIN STEWART | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| BROOK HOLDING | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRYCE HOOPER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAY JOHNSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KELLY KIRKLAND | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JP PEACOCK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHAD SIMPSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KENZIE WHEELER | DIRECTOR Trustee or director | – | $0 | $0 |
| MAYOR ROBERT ARMSTRONG | EX-OFFICIO B Trustee or director | – | $0 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LYLE ROGGOW | PRESIDENT Key employee | 40 | $190,677 | $32,955 |
| DENNIS LOAFMAN | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| RICK BRAUGHT | VICE CHAIRMA Trustee or director, Officer | 1 | $0 | $0 |
| KEVIN STEWART | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| HAL LABYER | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| BILL GOSSETT | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRYCE HOOPER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JP PEACOCK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHAD SIMPSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JAY JOHNSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KELLY KIRKLAND | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KIMBERLY MEEK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MAYOR ROBERT ARMSTRONG | EX-OFFICIO B Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 931 W PEACH AVE, DUNCAN, OK 73533-3853
- Principal officer (990 for 2024)
- LYLE ROGGOW, 941 W PEACH AVE, DUNCAN, OK 73533
- Signed the 990
- LYLE ROGGOW, PRESIDENT
- Phone
- (580) 255-9675
- Website
- WWW.OK-DUNCAN.COM
- Return prepared by
- JAYNA JOHNSON PC
Mission
TO CONTINUALLY INCREASE JOB OPPORTUNITIES AND THE DEVELOPMENT OF FAVORABLE BUSINESS CLIMATE AND WORKFORCE DEVELOPMENT PROGRAMS FOR THE BENEFIT OF THE COMMUNITY AND SURROUNDING AREA.
Program accomplishments
- INDUSTRY RECRUITMENT ACTIVITIES DESIGNED TO PROMOTE DUNCAN TO NEW AND RELOCATING OR EXPANDING INDUSTRIES WHILE ALSO SUPPORTING CREATION OF NEW COMPANIES WITH THE BUSINESS INCUBATOR, FOR THE PURPOSE OF CREATING NEW EMPLOYMENT OPPORTUNITIES AND CARRYING OUT THE ORGANIZATION'S MISSION.Expenses $712,727
- COMMUNITY WORKFORCE DEVELOPMENT INCLUDES LEARN HERE EARN HERE INITIATIVES TO ADDRESS WORKFORCE ISSUES IN THE COMMUNITY; INCLUDED ARE PERIODIC JOB FAIRS, CO2 ENGINEERING CONTEST TARGETED TOWARD MIDDLE AND HIGH SCHOOL STUDENTS, DUNCAN HIGH SCHOOL STUDENT INDUSTRY TOURS CONECTING LOCAL BUSINESSES WITH STUDENTS ABOUT TO ENTER THE WORKFORCE, AND SUPPORT FOR DUNCAN HIGH SCHOOL STUDENT INTERNSHIP PROGRAMS.Expenses $4,528
- LEASING ACTIVITIES TO PROVIDE INDUSTRIAL LOCATIONS FOR QUALIFYING BUSINESSES; ACTIVITY DESIGNED TO INCREASE INDUSTRY AND JOB OPPORTUNITIES BY ATTRACTING INDUSTRY TO THE AREA. RENTAL EXPENSES FOR 2023 WERE 1,806,006 AS PRESENTED IN PART VIII, LINE 6B.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 73-0751819
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1998
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S31Z)
- Assets (IRS master file)
- $28,124,050
- Income (IRS master file)
- $6,260,418
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $4,454,413 | $980,153 | $28,124,050 | IRS |
| 990 | December 2023 | $2,619,410 | $976,777 | $23,883,296 | XML |
| 990 | December 2022 | $5,295,425 | $1,000,538 | $23,270,970 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 73-0751819).
Questions about DUNCAN AREA ECONOMIC DEVELOPMENT FOUNDATION
- What is the EIN of DUNCAN AREA ECONOMIC DEVELOPMENT FOUNDATION?
- The employer identification number (EIN) of DUNCAN AREA ECONOMIC DEVELOPMENT FOUNDATION is 73-0751819.
- Is DUNCAN AREA ECONOMIC DEVELOPMENT FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to DUNCAN AREA ECONOMIC DEVELOPMENT FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DUNCAN AREA ECONOMIC DEVELOPMENT FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of DUNCAN AREA ECONOMIC DEVELOPMENT FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DUNCAN AREA ECONOMIC DEVELOPMENT FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of DUNCAN AREA ECONOMIC DEVELOPMENT FOUNDATION?
- The 990 for the year ended December 31, 2024 names LYLE ROGGOW.
- Who are the officers and directors of DUNCAN AREA ECONOMIC DEVELOPMENT FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 13 people; 1 received compensation from the organization, the highest $192,253 (LYLE ROGGOW, PRESIDENT).
- How much revenue does DUNCAN AREA ECONOMIC DEVELOPMENT FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,454,413, expenses of $980,153 and total assets of $28,124,050 at year end.
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- DUNCAN REGIONAL HOSPITAL INC EIN 73-1008550 · last filed 990 for 2025
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All nonprofits in DUNCAN · Oklahoma · Community improvement and capacity building