Civic Intelligence

Broken Arrow Economic Development Corporation

990 • Fiscal year 2018 • EIN 20-5872308

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 04, 2019

210 N MainBroken Arrow, OK 74012

(918) 251-1518

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

36th percentile

0.02x

Higher debt load relative to assets than 36% of similar nonprofits.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

27th percentile

0.00x

Higher debt load relative to revenue than 27% of similar nonprofits.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2018

Net Margin

57th percentile

5.8%

Higher net margin than 57% of similar nonprofits.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2018

Asset Growth

63rd percentile

8.1%

Faster asset growth than 63% of similar nonprofits.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

17th percentile

-9.9%

Faster revenue growth than 17% of similar nonprofits.

2018 filings • 501(c)6 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Up

$132,721

Up $9,946 (+8.1%) from 2017

Net Assets

Up

$130,124

Up $7,349 (+6.0%) from 2017

Liabilities

Up

$2,597

Up $2,597 from 2017

Revenue

Down

$560,086

Down $61,438 (-9.9%) from 2017

Expenses

Down

$527,585

Down $135,477 (-20%) from 2017

Net Income

Up

$32,501

Up $74,039 (+178%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0Assets 2010: $188,960Liabilities 2010: $834Net Assets 2010: $188,1262010Assets 2011: $193,407Liabilities 2011: $5,390Net Assets 2011: $188,0172011Assets 2012: $207,493Liabilities 2012: $18,130Net Assets 2012: $189,3632012Assets 2013: $125,573Liabilities 2013: $7,724Net Assets 2013: $117,8492013Assets 2014: $112,017Liabilities 2014: $8,506Net Assets 2014: $103,5112014Assets 2015: $150,737Liabilities 2015: $2,143Net Assets 2015: $148,5942015Assets 2016: $168,034Liabilities 2016: $3,721Net Assets 2016: $164,3132016Assets 2017: $122,775Liabilities 2017: $0Net Assets 2017: $122,7752017Assets 2018: $132,721Liabilities 2018: $2,597Net Assets 2018: $130,1242018Assets 2019: $120,196Liabilities 2019: $0Net Assets 2019: $120,1962019Assets 2020: $170,898Liabilities 2020: $50Net Assets 2020: $170,8482020Assets 2021: $261,269Liabilities 2021: $89,343Net Assets 2021: $171,9262021Assets 2022: $1,786,898Liabilities 2022: $301,998Net Assets 2022: $1,484,9002022Assets 2023: $1,816,043Liabilities 2023: $258,366Net Assets 2023: $1,557,6772023Assets 2024: $1,520,210Liabilities 2024: $186,354Net Assets 2024: $1,333,8562024

Highlighted filing

2018

Assets$132,721
Liabilities$2,597
Net Assets$130,124

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $305,1352010Expenses 2011: $369,8582011Expenses 2012: $598,4042012Revenue 2013: $581,900Expenses 2013: $653,414Net Income 2013: -$71,5142013Revenue 2014: $568,417Expenses 2014: $582,755Net Income 2014: -$14,3382014Revenue 2015: $606,142Expenses 2015: $561,059Net Income 2015: $45,0832015Revenue 2016: $628,234Expenses 2016: $612,517Net Income 2016: $15,7172016Revenue 2017: $621,524Expenses 2017: $663,062Net Income 2017: -$41,5382017Revenue 2018: $560,086Expenses 2018: $527,585Net Income 2018: $32,5012018Revenue 2019: $293,261Expenses 2019: $303,189Net Income 2019: -$9,9282019Revenue 2020: $766,064Expenses 2020: $715,412Net Income 2020: $50,6522020Revenue 2021: $633,130Expenses 2021: $632,052Net Income 2021: $1,0782021Revenue 2022: $2,135,482Expenses 2022: $822,508Net Income 2022: $1,312,9742022Revenue 2023: $1,051,430Expenses 2023: $978,653Net Income 2023: $72,7772023Revenue 2024: $645,326Expenses 2024: $869,147Net Income 2024: -$223,8212024

Highlighted filing

2018

Revenue$560,086
Expenses$527,585
Net Income$32,501
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 4, 2019
Return Version
2018v3.1
Gross Receipts
$560,086
Mission and Program Overview

Mission

To create and/or operate citywide and multi-county economic development programs and activities that result in the creation and retention of jobs and capital within the city of broken arrow and surrounding area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$122,775$132,721▲ $9,946
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$122,775$132,721▲ $9,946
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses-$2,597-
Total Liabilities$0$2,597▲ $2,597
Net Assets / Fund Balance
Unrestricted Net Assets$122,775$130,124▲ $7,349
Total Net Assets Fund Balance$122,775$130,124▲ $7,349
Total Liabilities and Net Assets / Fund Balance$122,775$132,721▲ $9,946
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kinnee TillySVPFT$107,093-$107,093
Wes SmithwickCEOPT-$94,201$94,201

Board Members and Trustees

NameTitle
Ted CundiffChairman
Rob WhitlockVice Chair
Cheryl KellyMember
Craig ThurmondMember
Jason ScarpaMember
Mike CooperMember
Scott WiseMember
Steve TigerMember
Jim BeaversSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$560,086
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$32,501
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$308,014
Other Expenses$219,571
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$199,646--$199,646
Current Officers, Directors, Trustees, and Key Employees$73,543$33,549-$107,093
Travel$60,816--$60,816
Fees for Services Other-$31,349-$31,349
Office Expenses$23,912$2,832-$26,744
Advertising$3,131--$3,131
Other Expenses$2,845--$2,845
Other Employee Benefits-$1,275-$1,275
Total Functional Expenses$458,579$69,005$0$527,585
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

Any Person, Association, Corporation, Partnership or Estate that: I) Is a resident to Broken Arrow or has a business investment in Broken Arrow; and, II) Has an interest in the objectives of the corporation, shall be eligible for membership.

Form 990, Part VI, Line 7B: Describe Decisions of Governing Body Approval by Members or Shareholders

The Broken Arrow City Council, School Board, and The Chamber of Commerce governing boards nominate and approve candidates for directorship and also have the power to modify the governance of the Economic Development Corporation Board, per article 2-8 of the bylaws.

Form 990, Part VI, Line 11B: Form 990 Review Process

Line 11A Explanation - The 990 is reviewed by the board members.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

On an annual basis, all board members shall be provided with a copy of the conflict of interest policy and required to complete and sign the acknowledgment and disclosure form. All completed forms shall be provided to and reviewed by the executive committee, as well as all other conflict information provided by board members. Monthly, board members review the agenda and make any declarations regarding potential conflicts of interests.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

These are available at monthly Economic Development Corporation board meetings.

Filing and Contact Details

Filer

Filer Name
Broken Arrow Economic Development
EIN
20-5872308
Phone
9182511518
Address
210 N Main, Broken Arrow, OK 74012

Signing Officer

Name
Jennifer Conway
Title
President & CEO
Signed
2019-11-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jennifer Conway
Formed
2006
Legal Domicile
Ok
Voting Board Members
9
Independent Board Members
9
Employees
0

Preparer

Firm
Hinkle & Company Pc
Address
5028 East 101st St, Tulsa, OK 74137
Preparer
James D Hinkle
Phone
9184923388
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IRS990/PriorPeriodAdjustmentsAmt0-25152
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0Economic Dev. Contract
IRS990/ProgramServiceRevenueGrp/Desc1Economic Dev. Redevelo
IRS990/ProgramServiceRevenueGrp/Desc2Economic Dev. Sponsors
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0308036
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1210000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt242050
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0308036
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1210000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt242050
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0663062
IRS990/PYProgramServiceRevenueAmt0621524
IRS990/PYRevenuesLessExpensesAmt0-41538
IRS990/PYTotalExpensesAmt0663062
IRS990/PYTotalRevenueAmt0621524
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt032501
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0560084
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990/ScheduleBRequiredInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Any Person, Association, Corporation, Partnership or Estate that: I) Is a resident to Broken Arrow or has a business investment in Broken Arrow; and, II) Has an interest in the objectives of the corporation, shall be eligible for membership.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Broken Arrow City Council, School Board, and The Chamber of Commerce governing boards nominate and approve candidates for directorship and also have the power to modify the governance of the Economic Development Corporation Board, per article 2-8 of the bylaws.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Line 11A Explanation - The 990 is reviewed by the board members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3On an annual basis, all board members shall be provided with a copy of the conflict of interest policy and required to complete and sign the acknowledgment and disclosure form. All completed forms shall be provided to and reviewed by the executive committee, as well as all other conflict information provided by board members. Monthly, board members review the agenda and make any declarations regarding potential conflicts of interests.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4These are available at monthly Economic Development Corporation board meetings.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Broken Arrow Chamber of Commerce
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0730534499
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(6)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0OK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Economic & Business Development
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0123 N Main
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Broken Arrow
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0OK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd074012
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0true
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0367851
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0Cost
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0Broken Arrow Chamber of Commerce
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0p
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0OK
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0122775
IRS990/TotalAssetsEOYAmt0132721
IRS990/TotalAssetsGrp/BOYAmt0122775
IRS990/TotalAssetsGrp/EOYAmt0132721
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt069005
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0458579
IRS990/TotalFunctionalExpensesGrp/TotalAmt0527585
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt02597
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt02597
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0122775
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0130124
IRS990/TotalProgramServiceExpensesAmt0458579
IRS990/TotalProgramServiceRevenueAmt0560086
IRS990/TotalReportableCompFromOrgAmt0107093
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0560086
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0560086
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0122775
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0132721
IRS990/TotReportableCompRltdOrgAmt094201
IRS990/TravelGrp/ProgramServicesAmt060816
IRS990/TravelGrp/TotalAmt060816
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0122775
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0130124
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0www.brokenarrowchamber.com
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02020-04-17 16:48:07Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Jennifer Conway
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President & CEO
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-11-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Broken Arrow Economic Development
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0Corporation

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.52$0.19$1.33$0.65$0.87$0.22
2023Detailed filing. Detailed filing data is available for this year.$1.82$0.26$1.56$1.05$0.98$0.07
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.79$0.30$1.48$2.14$0.82$1.31
2021Detailed filing. Detailed filing data is available for this year.$0.26$0.09$0.17$0.63$0.63$0.00
2020Detailed filing. Detailed filing data is available for this year.$0.17$0.00$0.17$0.77$0.72$0.05
2019Detailed filing. Detailed filing data is available for this year.$0.12$0.00$0.12$0.29$0.30$0.01
2018Detailed filing. Detailed filing data is available for this year.$0.13$0.00$0.13$0.56$0.53$0.03
2017Detailed filing. Detailed filing data is available for this year.$0.12$0.00$0.12$0.62$0.66$0.04
2016Detailed filing. Detailed filing data is available for this year.$0.17$0.00$0.16$0.63$0.61$0.02
2015Detailed filing. Detailed filing data is available for this year.$0.15$0.00$0.15$0.61$0.56$0.05
2014Detailed filing. Detailed filing data is available for this year.$0.11$0.01$0.10$0.57$0.58$0.01
2013Detailed filing. Detailed filing data is available for this year.$0.13$0.01$0.12$0.58$0.65$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.21$0.02$0.19$0.60
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.19$0.01$0.19$0.37
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.19$0.00$0.19$0.31