The Alliance For Economic Development Of Oklahoma City Inc
- Assets
- $832.3k
- Revenue
- $5.6m
- Investments
- $0.0
- Employees
- 11
- Location
- Oklahoma City, OK
- Founding
- 06/2012
- Data as of
- 06/2021
- EIN
- 45-2034774
Organization Overview
The Alliance For Economic Development Of Oklahoma City Inc is located in Oklahoma City, OK. The organization was established in 2012. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2021, Alliance For Economic Development Of Oklahoma City Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alliance For Economic Development Of Oklahoma City Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 06/2021, Alliance For Economic Development Of Oklahoma City Inc generated $5.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 26.6% each year . All expenses for the organization totaled $4.6m during the year ending 06/2021. While expenses have increased by 22.6% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Alliance For Economic Development Of Oklahoma City Inc has awarded 105 individual grants totaling $2,349,077. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER ECONOMIC DEVELOPMENT THROUGH PRIVATE AND PUBLIC COLLABORATIONS TO CREATE NEW JOB OPPORTUNITIES AND BRING ABOUT URBAN REDEVELOPMENT BY MEANS OF CONSOLIDATED AND COORDINATED PUBLIC AGENCY ECONOMIC DEVELOPMENT FUNCTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CITY OF OKLAHOMA CITY RECIEVED FEDERAL CORONAVIRUS RELIEF FUNDS IN FISCAL 2021. PER OPERATION AGREEMENT FOR THE CORONAVIRUS RELIEF FUND BUSINESS SUPORT PROGRAM SERVICES BETWEEN THE CITY OF OKLAHOMA CITY AND THE ALLIANCE FOR ECONOMIC DEVELOPMENT OF OKLAHOMA CITY, THE ALLIANCE WILL OPERATE THE CITY'S SMALL BUSINESS TECHNICAL ASSISTANCE AND BUSINESS RETROFITS PROGRAM. THIS IS A NEW PROGRAM FOR THE ALLIANCE IN FISCAL 2021 WHEREBY THE ALLIANCE PROCESSED APPLICATIONS FOR FUNDING, PAID APPROVED APPLICATIONS DIRECTLY TO QUALIFYING SMALL BUSINESSES OR CONSULTANTS AND INVOICED THE CITY OF OKLAHOMA CITY FOR REIMBURSEMENT OF PAYMENTS MADE.
PROVISION OF PROFESSIONAL ECONOMIC DEVELOPMENT MANAGEMENT SERVICES AND ADVISORY SERVICES TO THE CITY OF OKLAHOMA CITY AND THE OKLAHOMA CITY ECONOMIC DEVELOPMENT TRUST, INCLUDING SERVICES IN CONNECTION WITH THE CITY OF OKLAHOMA CITY'S MAPS 3 PROGRAM. POLICY-MAKING AUTHORITY REMAINS IN THE GOVERNING BODIES OF THE ENTITIES BEING SERVED.
PROVISION OF PROFESSIONAL ECONOMIC DEVELOPMENT MANAGEMENT AND ADVISORY SERVICES TO THE OKLAHOMA CITY URBAN RENEWAL AUTHORITY. AS PART OF THIS ARRANGEMENT, THIS ORGANIZATION'S PRESIDENT, CATHERINE O'CONNOR, ACTS AS EXECUTIVE DIRECTOR OF THE OKLAHOMA CITY URBAN RENEWAL AUTHORITY (CATHERINE O'CONNOR RECEIVES NO COMPENSATION FROM THE OKLAHOMA CITY URBAN RENEWAL AUTHORITY). POLICY-MAKING AUTHORITY REMAINS IN THE GOVERNING BODY OF THE ENTITY BEING SERVED. EXPENDITURES ALSO INCLUDE PRE-DEVELOPMENT COSTS PAID FOR THE GROCERY STORE PROJECT AT 36TH AND LINCOLN STREET.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catherine R O'connor President | Officer | 40 | $313,731 |
Geri Harlan CFO | Officer | 40 | $166,021 |
Nicolle Goodman Vice President | Officer | 40 | $95,732 |
Christopher Turner Director | Trustee | 0.2 | $0 |
James R Tolbert III Director | Trustee | 0.2 | $0 |
Councilman David Greenwell Director | Trustee | 0.2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ernst & Young Us Llp Consulting Services | 6/29/21 | $227,283 |
Candor Public Relations Public Relations | 6/29/21 | $125,000 |
Anglin Public Relations Public Relations | 6/29/21 | $241,575 |
Freestyle Productions Llc Public Relations | 6/29/21 | $147,172 |
Day Creative Llc Website Design | 6/29/21 | $114,800 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $154,638 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $154,638 |
| Total Program Service Revenue | $5,319,455 |
| Investment income | $63 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,568,089 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,433,687 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $576,964 |
| Compensation of current officers, directors, key employees. | $161,550 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $535,097 |
| Pension plan accruals and contributions | $16,378 |
| Other employee benefits | $50,346 |
| Payroll taxes | $65,718 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $69,750 |
| Fees for services: Accounting | $15,199 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $557,058 |
| Advertising and promotion | $200,980 |
| Office expenses | $53,273 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $45,404 |
| Travel | $897 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,182 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,376 |
| Insurance | $5,713 |
| All other expenses | $0 |
| Total functional expenses | $4,649,730 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $825,396 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $6,865 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $832,261 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $832,261 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $832,261 |
Grants Awarded
Over the last fiscal year, The Alliance For Economic Development Of Oklahoma City Inc has awarded $2,349,077 in support to 105 organizations.
| Grant Recipient | Amount |
|---|---|
FREESTYLE PRODUCTIONS LLC PURPOSE: CORONAVIRUS RELIEF | $147,172 |
CANDOR PUBLIC RELATIONS LLC PURPOSE: CORONAVIRUS RELIEF | $117,500 |
DAY CREATIVE LLC PURPOSE: CORONAVIRUS RELIEF | $114,800 |
AMG TEAM INCORPORATED PURPOSE: CORONAVIRUS RELIEF | $105,000 |
ANGLIN PUBLIC RELATIONS PURPOSE: CORONAVIRUS RELIEF | $70,000 |
THE GOLDING GROUP PURPOSE: CORONAVIRUS RELIEF | $66,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jefferson Franklin Community Action Corporation Hillsboro, MO | $6,544,452 | $18,340,130 |
El Paso Community Action Program Project Bravo Inc El Paso, TX | $2,433,349 | $16,653,742 |
Abilene Improvement Corporation Abilene, TX | $4,300,132 | $16,087,347 |
Waterloo Greenway Conservancy Austin, TX | $14,294,713 | $19,654,960 |
Avance Inc San Antonio, TX | $3,341,095 | $14,922,059 |
Northwest Arkansas Council Foundation Springdale, AR | $9,473,428 | $13,530,717 |
South Central Missouri Community Action Agency Winona, MO | $9,962,741 | $13,195,865 |
Community Action Agency Of St Louis County Inc Overland, MO | $8,798,142 | $11,519,810 |
Missouri Ozarks Community Action Inc Richland, MO | $5,332,048 | $11,016,032 |
Urban Land Conservancy Denver, CO | $141,352,888 | $31,846,899 |
First Colony Community Services Association Inc Sugar Land, TX | $19,403,817 | $10,458,068 |
Community Council Of South Central Seguin, TX | $2,045,180 | $10,473,350 |