The Alliance for Economic Development of Oklahoma City Inc

“Craig freeman has a business relationship (city of oklahoma city) with rhonda hooper (ocedt board member). 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, craig freeman, rhonda hooper and ronald j. Norick. Rhonda hooper has a business relationship (okc chamber of commmerce chair) with roy h. Williams.”

“Prior to transmission of the 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 11 local non-profit entities and for the following non-profit entities, which are engaged in similar economic development activities, milwaukee economic development corporation, 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 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 contract with public entities.”

“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.”

“Other professional services: program service expenses 557,058. Management and general expenses 0. Fundraising expenses 0. Total expenses 557,058.”

“Other - modified cash basis”