The Alliance for Economic Development of Oklahoma City Inc

“James d. Couch has a business relationship (city of oklahoma city) with patrick j. Ryan, rhonda hooper (ocedt board member), and pete white (councilman). Debra v. Hampton has a business relationship (united way of central oklahoma) with j. Larry nichols, polly nichols, and catherine r. O'connor. Roy h. Williams has a business relationship (greater oklahoma city chamber of commerce) with j. Larry nichols, clayton i. Bennett, james d. Couch, rhonda hooper, and ronald j. Norick. Rhonda hooper has a business relationship (okc chamber of commmerce chair) with roy williams.”

“The corporation amended its bylaws to increase the number of authorized director positions from 12 to 13.”

“Prior to transmission of form 990 to the irs, it is provided to the board of directors, and it is reviewed by legal counsel, the organization's president and the organization's accountants.”

“In determining the compensation to be paid to its president and chief executive, the organization compiled a written report summarizing chief executive compensation reported on form 990 for 5 local non-profit entities and for the following non-profit entities, which are engaged in similar economic development activities, economic development corporation of kansas city, inc.; downtown denver partnership; and san antonio economic development foundation. The board of directors delegated authority to make the compensation determination to its independent chair, who is the chairman emeritus of a fortune 500 company and has experience establishing executive compensation levels. In making such determination, the chair reviewed the report summarizing chief executive compensation at other non-profit entities, considered demonstrated capabilities in the president's former positions of responsibility which uniquely prepared her for her role in this organization and considered the president's past salary levels. The determination was contemporaneously documented by written agreement executed by the chair.”

“The organization's governing documents, consisting of its certificate of incorporation and bylaws, and its conflict of interest policy will be provided to the public upon request. The organization will provide its financial statements to the public upon request to the extent such are contained within form 1024 and form 990. The organization will also provide its financial statements to the public upon request to the extent that such financial statements are directly related to the scope of work set forth in its contracts with public entities.”

“The alliance spear headed the creation of progress okc, a community development corp. The alliance spent $36,611 during fy 2016 for insurance, legal and other professional fees related to starting the organization. The alliance also employs the executive director of the cdc. We anticipate a management contract with the cdc when it becomes profitable.”

“Other - modified cash basis”