Nonprofit · EIN 73-1084819
TULSA ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt · TULSA, OK 74103
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $14,471,175 | $3,024,030 | $11,447,145 | $54,942,497 | $13,999,578 | $40,942,919 |
| September 30, 2024 | 990 | $14,282,109 | $3,107,861 | $11,174,248 | $41,534,822 | $12,050,043 | $29,484,779 |
| September 30, 2023 | 990 | $5,003,005 | $5,036,348 | -$33,343 | $30,345,955 | $12,063,774 | $18,282,181 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $12,218,198
- of which government grants
- $3,028,592
- Program service revenue
- $860,456
- Investment income
- $1,224,762
- Net rental income
- $107,259
- Net gain from sales of assets
- -$94,089
- Other revenue
- $167,759
Expenses
- Grants and similar amounts paid
- $192,988
- Compensation of officers, directors and key employees
- $239,167
- Other salaries and wages
- $861,175
- Salaries, compensation and benefits (total)
- $1,292,052
- Professional fundraising fees
- $0
- Legal fees
- $300
- Accounting fees
- $79,633
- Occupancy
- $76,385
- Travel
- $59,473
- Depreciation
- $335,583
- Program services (functional)
- $2,472,894
- Management and general (functional)
- $551,136
Balance sheet and other
- Total assets, start of year
- $41,534,822
- Total assets, end of year
- $54,942,497
- Total liabilities, end of year
- $13,999,578
- Net assets, end of year
- $40,942,919
- Land, buildings and equipment
- $12,968,968
- Publicly traded securities
- $333,984
- Net assets without donor restrictions
- $9,022,918
- Net assets with donor restrictions
- $31,920,001
- Gross receipts
- $14,744,377
- Employees
- 23
- Volunteers
- 13
- Year formed
- 1979
- 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 September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ROSE WASHINGTON | EXECUTIVE DIRECTOR Officer | 50 | $215,000 | $17,036 |
| SHELLA BOWLIN | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| GILBERT GERST | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| CASSIA CARR | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| MARILYN MORRIS | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| KENNETH QUIGLEY | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| GIL EACRET | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JAVIER GAMARRA | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JOYCE MCCLELLAN | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| DAVID EASTON | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| MATT KING | PRESIDENT Trustee or director, Officer | 0.5 | $0 | $0 |
| JAMES SANCHEZ | VICE PRESIDENT Trustee or director, Officer | 0.5 | $0 | $0 |
| SHANANN PASSLEY | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 |
| CINDY BAKER | TREASURER Trustee or director, Officer | 0.5 | $0 | $0 |
990 for the year ended September 30, 2024: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ROSE WASHINGTON | EXECUTIVE DIRECTOR Officer | 50 | $153,875 | $14,187 |
| SHELLA BOWLIN | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| GILBERT GERST | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| CASSIA CARR | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| MARILYN MORRIS | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| KENNETH QUIGLEY | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| GIL EACRET | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JAVIER GAMARRA | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JOYCE MCCLELLAN | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| DAVID EASTON | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| MATT KING | PRESIDENT Trustee or director, Officer | 0.5 | $0 | $0 |
| JAMES SANCHEZ | VICE PRESIDENT Trustee or director, Officer | 0.5 | $0 | $0 |
| SHANANN PASSLEY | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 |
| CINDY BAKER | TREASURER Trustee or director, Officer | 0.5 | $0 | $0 |
990 for the year ended September 30, 2023: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ROSE WASHINGTON | EXECUTIVE DIRECTOR Officer | 50 | $209,000 | $24,462 |
| GREG SHAW | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| CINDY BAKER | TREASURER Trustee or director, Officer | 0.5 | $0 | $0 |
| GILBERT GERST | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| CASSIA CARR | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| MATT KING | PRESIDENT Trustee or director, Officer | 0.5 | $0 | $0 |
| MARILYN MORRIS | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| SHANANN PASSLEY | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 |
| BELKIS BARRERA LANE | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| KENNETH QUIGLEY | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| GIL EACRET | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JAVIER GAMARRA | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JOYCE MCCLELLAN | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| CASEY STOWE | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| JAMES SANCHEZ | VICE PRESIDENT Trustee or director, Officer | 0.5 | $0 | $0 |
| MICHAEL TROILO | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 125 W 3RD ST, TULSA, OK 74103-3427
- Principal officer (990 for 2024)
- ROSE WASHINGTON, 125 WEST 3RD STREET, TULSA, OK 74103
- Signed the 990
- ROSE WASHINGTON, EXECUTIVE DIRECTOR
- Phone
- (918) 585-8332
- Website
- WWW.TEDCNET.COM
- Return prepared by
- REGIER CARR & MONROE LLP
Mission
TBDC WAS FOUNDED IN 1979 AS TULSA ECONOMIC DEVELOPMENT CORPORATION, AN ORGANIZATION CHARGED WITH PROMOTING AND SUSTAINING SMALL BUSINESS GROWTH IN TULSA.
Program accomplishments
- 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
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 September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 15, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 16, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 17, 2025 | 990 on file |
IRS record
- EIN
- 73-1084819
- 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
- 1981
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S430)
- Assets (IRS master file)
- $54,942,497
- Income (IRS master file)
- $14,744,377
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $14,471,175 | $3,024,030 | $54,942,497 | XML |
| 990 | September 2024 | $14,282,109 | $3,107,861 | $41,534,822 | XML |
| 990 | September 2023 | $5,003,005 | $5,036,348 | $30,345,955 | XML |
| 990 | September 2022 | $6,170,732 | $3,423,765 | $38,001,915 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 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 73-1084819).
Questions about TULSA ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of TULSA ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of TULSA ECONOMIC DEVELOPMENT CORPORATION is 73-1084819.
- Is TULSA ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1981.
- Are donations to TULSA ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TULSA ECONOMIC DEVELOPMENT CORPORATION 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 TULSA ECONOMIC DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did TULSA ECONOMIC DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of TULSA ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended September 30, 2025 names ROSE WASHINGTON.
- Who are the officers and directors of TULSA ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended September 30, 2025 lists 14 people; 1 received compensation from the organization, the highest $215,000 (ROSE WASHINGTON, EXECUTIVE DIRECTOR).
- How much revenue does TULSA ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $14,471,175, expenses of $3,024,030 and total assets of $54,942,497 at year end.
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All nonprofits in TULSA · Oklahoma · Community improvement and capacity building