Nonprofit · EIN 73-1123147
OKLAHOMA CITY ECONOMIC DEVELOPMENT FOUNDATION INC
Tax-exempt · OKLAHOMA CITY, OK 73102
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,904,934 | $5,157,850 | -$252,916 | $2,852,292 | $1,316,746 | $1,535,546 |
| December 31, 2023 | 990 | $4,711,956 | $4,236,330 | $475,626 | $3,182,450 | $1,393,988 | $1,788,462 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,845,257
- of which government grants
- $748,597
- Program service revenue
- $3,015,179
- Investment income
- $44,498
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $1,487,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $8,850
- Occupancy
- $18,218
- Travel
- $96,013
- Depreciation
- $103,888
- Program services (functional)
- $4,953,375
- Management and general (functional)
- $204,475
Balance sheet and other
- Total assets, start of year
- $3,182,450
- Total assets, end of year
- $2,852,292
- Total liabilities, end of year
- $1,316,746
- Net assets, end of year
- $1,535,546
- Land, buildings and equipment
- $742,856
- Net assets without donor restrictions
- $834,113
- Net assets with donor restrictions
- $701,433
- Gross receipts
- $4,904,934
- Employees
- 0
- Volunteers
- 16
- Year formed
- 1981
- 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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| GILLENWATER CHRISTY | PRESIDENT & CEO Trustee or director, Officer | 1 | $0 | $563,999 | $38,100 |
| DENNY BABARA | CFO / VP OF OPERATIONS Officer | 1 | $0 | $271,174 | $23,972 |
| TRAUSCHKE SEAN | IMMEDIATE PAST CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ROSE TERESA | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| HART JOHN | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| RAINBOLT DAVID | BOARD MEMBER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| BENNETT CLAYTON | BOARD MEMBER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| HATFIELD JUDY | BOARD MEMBER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| HOOPER RHONDA | BOARD MEMBER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| LANCE BILL | BOARD MEMBER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MCDANIEL TOM | BOARD MEMBER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MEYER JENNY LOVE | BOARD MEMBER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MUNCRIEF RICK | BOARD MEMBER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| NICHOLS J LARRY | BOARD MEMBER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| SHORTRIDGE W KENT | BOARD MEMBER Trustee or director, Officer | 1 | $0 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROSS MICHAEL | CORPORATE SECRETARY Trustee or director, Officer | 1 | $0 |
| FUNK JR BOB | BOARD MEMBER Trustee or director, Officer | 1 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| GILLENWATER CHRISTY | PRESIDENT & CEO Trustee or director, Officer | 1 | $0 | $415,646 | $32,891 |
| DENNY BARBARA L | CFO/VP OF OPERATIONS Officer | 1 | $0 | $281,749 | $24,073 |
| TRAUSCHKE SEAN | CHAIRMAN OF THE BOARD Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ROSE TERESA | CHAIR-ELECT, V.C. - EDUCATION & MAPS 4 DEVELOPMENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| HART JOHN | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| RAINBOLT DAVID | CORPORATE SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| BENNETT CLAYTON | BOARD MEMBER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| HATFIELD JUDY | BOARD MEMBER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| HOOPER RHONDA | BOARD MEMBER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| KRIEGER BRADLEY | BOARD MEMBER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| LANCE BILL | BOARD MEMBER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MCDANIEL TOM | BOARD MEMBER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MEYER JENNY LOVE | BOARD MEMBER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MUNCRIEF RICK | BOARD MEMBER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| NICHOLS J LARRY | BOARD MEMBER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| SHORTRIDGE W KENT | BOARD MEMBER Trustee or director, Officer | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 123 PARK AVE, OKLAHOMA CITY, OK 73102-9005
- Principal officer (990 for 2024)
- CHRISTY GILLENWATER, 123 PARK AVE, OKLAHOMA CITY, OK 731029005
- Signed the 990
- CHRISTY GILLENWATER, PRESIDENT & CEO
- Phone
- (405) 297-8900
- Return prepared by
- ARLEDGE & ASSOCIATES PC
Mission
TO CREATE NEW JOBS AND PAYROLL IN THE OKLAHOMA CITY REGION.
Program accomplishments
- THE FOUNDATION HAS ENTERED INTO THREE PROFESSIONAL SERVICES AGREEMENTS WITH THE CITY OF OKLAHOMA CITY. THE FIRST CONTRACT IS UTILIZED TO PROMOTE, FOSTER, AND DEVELOP A POSITIVE BUSINESS CLIMATE TO ENHANCE AND EXPAND ECONOMIC DEVELOPMENT ACTIVITIES IN OKLAHOMA CITY. THE SECOND CONTRACT RELATES TO SERVICES RELATING TO THE ESTABLISHMENT OF THE OKLAHOMA CITY FILM & CREATIVE INDUSTRIES OFFICE. THIS OFFICE WILL CULTIVATE THE GROWTH OF THE FILM, MUSIC AND OTHER CREATIVE AND SUPPORT INDUSTRIES WITHIN OKLAHOMA CITY. THE THIRD CONTRACT IS AN AGREEMENT THAT PROVIDES ARPA RECOVERY FUNDS TO FUND TOURISM RECOVERY.Expenses $2,516,762 · revenue $2,552,393
- THE FOUNDATION PARTNERS WITH THE OKLAHOMA CITY CHAMBER ON VARIOUS PROGRAMS WITH THE MOST SIGNIFICANT BEING THE FORWARD OKLAHOMA CITY PROGRAM. FORWARD OKLAHOMA CITY IS A FIVE YEAR ECONOMIC DEVELOPMENT PROGRAM DESIGNED TO MEET SPECIFIC NEEDS AND OVERCOME OBSTACLES TO QUALITY JOB GROWTH. EFFORTS PRIMARILY FOCUS ON (1) MARKETING THE CITY OF OKLAHOMA CITY AS A RELOCATION SITE TO EXPAND THE LOCAL JOB BASE, (2) ENHANCING THE LOCAL K-12 EDUCATION OPPORTUNITIES, (3) ADDRESSING TALENT RETENTION AND ATTRACTION, AND (4) OTHER MISCELLANEOUS PROGRAMS THAT SUPPORT ECONOMIC DEVELOPMENT EFFORTS.Expenses $1,576,315 · grants $1,487,000 · revenue $371,023
- THE FOUNDATION HAS RECEIVED TWO GRANTS FROM THE DEPARTMENT OF COMMERCE ECONOMIC DEVELOPMENT ADMINISTRATION. GRANT 1 RELATES TO THE BUILD BACK BETTER REGIONAL CHALLENGE AND GRANT 2 RELATES TO THE OKLAHOMA BIOTECH INNOVATION CLUSTER COLLABORATIVE.Expenses $748,597
- THE GREATER OKLAHOMA CITY PARTNERSHIP WAS ORGANIZED TO WORK WITH THE TEN COUNTY REGION TO PROMOTE VARIOUS ECONOMIC DEVELOPMENT PROGRAMS IN THE GREATER OKLAHOMA CITY REGION.Expenses $111,701 · revenue $91,763
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
- 73-1123147
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1981
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S11)
- Assets (IRS master file)
- $2,852,292
- Income (IRS master file)
- $4,904,934
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $4,904,934 | $5,157,850 | $2,852,292 | IRS |
| 990 | December 2023 | $4,711,956 | $4,236,330 | $3,182,450 | XML |
| 990 | December 2022 | $2,641,653 | $3,041,815 | $2,560,120 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 73-1123147).
Questions about OKLAHOMA CITY ECONOMIC DEVELOPMENT FOUNDATION INC
- What is the EIN of OKLAHOMA CITY ECONOMIC DEVELOPMENT FOUNDATION INC?
- The employer identification number (EIN) of OKLAHOMA CITY ECONOMIC DEVELOPMENT FOUNDATION INC is 73-1123147.
- Is OKLAHOMA CITY ECONOMIC DEVELOPMENT FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1981.
- Are donations to OKLAHOMA CITY ECONOMIC DEVELOPMENT FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does OKLAHOMA CITY ECONOMIC DEVELOPMENT FOUNDATION INC 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 OKLAHOMA CITY ECONOMIC DEVELOPMENT FOUNDATION INC 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 OKLAHOMA CITY ECONOMIC DEVELOPMENT FOUNDATION INC 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 OKLAHOMA CITY ECONOMIC DEVELOPMENT FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names CHRISTY GILLENWATER.
- Who are the officers and directors of OKLAHOMA CITY ECONOMIC DEVELOPMENT FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 17 people; 0 received compensation from the organization.
- How much revenue does OKLAHOMA CITY ECONOMIC DEVELOPMENT FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,904,934, expenses of $5,157,850 and total assets of $2,852,292 at year end.
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All nonprofits in OKLAHOMA CITY · Oklahoma · Community improvement and capacity building