Nonprofit · EIN 73-1214992
METRO AREA DEVELOPMENT CORP
Tax-exempt · OKLAHOMA CITY, OK 73118
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $211,082 | $288,618 | -$77,536 | $19,712 | $131,179 | -$111,467 |
| September 30, 2024 | 990 | $215,107 | $249,296 | -$34,189 | $42,735 | $76,666 | -$33,931 |
| September 30, 2023 | 990 | $208,914 | $285,334 | -$76,420 | $30,925 | $30,667 | $258 |
| September 30, 2022 | 990 (amended) | $203,582 | $329,993 | -$126,411 | $84,543 | $4,975 | $79,568 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $204,809
- Investment income
- $0
- Other revenue
- $6,273
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $103,406
- Salaries, compensation and benefits (total)
- $111,762
- Professional fundraising fees
- $0
- Accounting fees
- $5,000
- Occupancy
- $36,749
- Travel
- $2,077
- Program services (functional)
- $270,749
- Management and general (functional)
- $17,869
Balance sheet and other
- Total assets, start of year
- $42,735
- Total assets, end of year
- $19,712
- Total liabilities, end of year
- $131,179
- Net assets, end of year
- -$111,467
- Gross receipts
- $211,082
- Employees
- 1
- Year formed
- 1984
- 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 |
|---|---|---|---|
| DONALD B NEVARD | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| ALVAH BOYD | VICE CHAIRMA Trustee or director, Officer | 1 | $0 |
| FORREST BUTCH FREEMAN | TREASURER Trustee or director, Officer | 1 | $0 |
| MIKE MEANS | SECRETARY Trustee or director, Officer | 1 | $0 |
| STEVE BALABAN | BOARD MEMBER Trustee or director | 1 | $0 |
| JEB COOK | BOARD MEMBER Trustee or director | 1 | $0 |
| MIKE ERVIN | BOARD MEMBER Trustee or director | 1 | $0 |
| STEVE HART | BOARD MEMBER Trustee or director | 1 | $0 |
| JERRY HOCKER | BOARD MEMBER Trustee or director | 1 | $0 |
| JOHN KINNAMON | BOARD MEMBER Trustee or director | 1 | $0 |
| LANELL LONG | BOARD MEMBER Trustee or director | 1 | $0 |
| SHAWN NULL | BOARD MEMBER Trustee or director | 1 | $0 |
| BRIAN STERKEL | BOARD MEMBER Trustee or director | 1 | $0 |
| TERRY STRADAL | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended September 30, 2024: 14 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DONALD B NEVARD | CHAIRMAN Trustee or director, Officer | 1 | $0 |
| ALVAH BOYD | VICE CHAIRMA Trustee or director, Officer | 1 | $0 |
| FORREST BUTCH FREEMAN | TREASURER Trustee or director, Officer | 1 | $0 |
| MIKE MEANS | SECRETARY Trustee or director, Officer | 1 | $0 |
| STEVE BALABAN | BOARD MEMBER Trustee or director | 1 | $0 |
| JEB COOK | BOARD MEMBER Trustee or director | 1 | $0 |
| MIKE ERVIN | BOARD MEMBER Trustee or director | 1 | $0 |
| JERRY HOCKER | BOARD MEMBER Trustee or director | 1 | $0 |
| JOHN KINNAMON | BOARD MEMBER Trustee or director | 1 | $0 |
| RANDY LACEY | BOARD MEMBER Trustee or director | 1 | $0 |
| CLIDE ROBERTS | BOARD MEMBER Trustee or director | 1 | $0 |
| TERRY STRADAL | BOARD MEMBER Trustee or director | 1 | $0 |
| LANELL LONG | BOARD MEMBER Trustee or director | 1 | $0 |
| DOUG TIPPENS | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended September 30, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| VERNON BOWEN | EXECUTIVE OFFICER Key employee | 35 | $0 |
990 for the year ended September 30, 2022: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| VERNON BOWEN | EXECUTIVE OFFICER Key employee | 35 | $0 |
Address and contacts
- Address (IRS master file)
- 1144 NW 50TH ST, OKLAHOMA CITY, OK 73118-4402
- Principal officer (990 for 2024)
- VERNON BOWEN, 1144 NW 50TH ST, OKLAHOMA CITY, OK 73118
- Signed the 990
- VERNON BOWEN, EXECUTIVE DIRECTOR
- Phone
- (405) 424-5181
- Website
- WWW.MADCO.NET
- Return prepared by
- STOTTS ARCHAMBO MUEGGENBORG & BARCLAY PC
Mission
PROVIDE PROCESSING AND PACKAGING SERVICES FOR U.S. SMALL BUSINESS ADMINISTRATION LOANS.
Program accomplishments
- PACKAGE AND PROCESS LOANS FOR U.S. SMALL BUSINESS ADMINISTRATION.Expenses $270,749 · revenue $204,809
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 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 73-1214992
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Exempt since
- 1984
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $19,712
- Income (IRS master file)
- $211,082
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $211,082 | $288,618 | $19,712 | XML |
| 990 | September 2024 | $215,107 | $249,296 | $42,735 | XML |
| 990 | September 2023 | $208,914 | $285,334 | $30,925 | XML |
| 990 | September 2022 | $203,582 | $329,993 | $84,543 | XML |
| 990 | September 2021 | – | – | – | 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 73-1214992).
Questions about METRO AREA DEVELOPMENT CORP
- What is the EIN of METRO AREA DEVELOPMENT CORP?
- The employer identification number (EIN) of METRO AREA DEVELOPMENT CORP is 73-1214992.
- Is METRO AREA DEVELOPMENT CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1984.
- Which annual return does METRO AREA DEVELOPMENT CORP 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 METRO AREA DEVELOPMENT CORP due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did METRO AREA DEVELOPMENT CORP 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 METRO AREA DEVELOPMENT CORP?
- The 990 for the year ended September 30, 2025 names VERNON BOWEN.
- Who are the officers and directors of METRO AREA DEVELOPMENT CORP?
- The 990 for the year ended September 30, 2025 lists 14 people; 0 received compensation from the organization.
- How much revenue does METRO AREA DEVELOPMENT CORP have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $211,082, expenses of $288,618 and total assets of $19,712 at year end.
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