Civic Intelligence

Oklahoma Business Roundtable Inc

EIN 73-1377268 • 501(c)6 • Oklahoma City, OK

Profile

Promote economic development and help create and retain jobs in oklahoma and to aid the oklahoma dept of commerce through activities.

655 Research Parkway Ste 420Oklahoma City, OK 73104

www.okbusinessroundtable.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

55th percentile

0.07x

Higher debt load relative to assets than 55% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

57th percentile

0.07x

Higher debt load relative to revenue than 57% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Source year 2024

Net Margin

10th percentile

-18%

Higher net margin than 10% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

60th percentile

$73,600

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 9.1% of source-year revenue.

501(c)6 • $500k-$1M nonprofits • Source year 2024

Asset Growth

9th percentile

-27%

Faster asset growth than 9% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

19th percentile

-8.1%

Faster revenue growth than 19% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Down

$837,063

Down $313,575 (-27%) from 2023

Liabilities

Down

$59,310

Down $166,709 (-74%) from 2023

Net Assets

Down

$777,753

Down $146,866 (-16%) from 2023

Revenue

Down

$807,440

Down $71,351 (-8.1%) from 2023

Expenses

Up

$954,306

Up $105,497 (+12%) from 2023

Net Income

Down

-$146,866

Down $176,848 (-590%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0Assets 2011: $912,859Liabilities 2011: $62,621Net Assets 2011: $850,2382011Assets 2012: $1,029,072Liabilities 2012: $154,976Net Assets 2012: $874,0962012Assets 2013: $870,453Liabilities 2013: $66,485Net Assets 2013: $803,9682013Assets 2014: $1,103,436Liabilities 2014: $187,665Net Assets 2014: $915,7712014Assets 2015: $1,214,861Liabilities 2015: $226,043Net Assets 2015: $988,8182015Assets 2016: $1,222,643Liabilities 2016: $183,558Net Assets 2016: $1,039,0852016Assets 2017: $1,395,868Liabilities 2017: $369,817Net Assets 2017: $1,026,0512017Assets 2018: $1,174,809Liabilities 2018: $251,104Net Assets 2018: $923,7052018Assets 2019: $1,036,824Liabilities 2019: $213,373Net Assets 2019: $823,4512019Assets 2020: $914,084Liabilities 2020: $70,042Net Assets 2020: $844,0422020Assets 2021: $1,222,545Liabilities 2021: $383,604Net Assets 2021: $838,9412021Assets 2022: $938,873Liabilities 2022: $44,236Net Assets 2022: $894,6372022Assets 2023: $1,150,638Liabilities 2023: $226,019Net Assets 2023: $924,6192023Assets 2024: $837,063Liabilities 2024: $59,310Net Assets 2024: $777,7532024

Highlighted filing

2024

Assets$837,063
Liabilities$59,310
Net Assets$777,753

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KRevenue 2011: $903,300Expenses 2011: $599,902Net Income 2011: $303,3982011Expenses 2012: $788,7522012Expenses 2013: $918,8012013Revenue 2014: $889,241Expenses 2014: $777,438Net Income 2014: $111,8032014Revenue 2015: $875,769Expenses 2015: $802,722Net Income 2015: $73,0472015Revenue 2016: $848,154Expenses 2016: $797,888Net Income 2016: $50,2662016Revenue 2017: $816,203Expenses 2017: $829,237Net Income 2017: -$13,0342017Revenue 2018: $799,066Expenses 2018: $901,410Net Income 2018: -$102,3442018Revenue 2019: $789,147Expenses 2019: $889,401Net Income 2019: -$100,2542019Revenue 2020: $813,649Expenses 2020: $793,058Net Income 2020: $20,5912020Revenue 2021: $772,157Expenses 2021: $777,256Net Income 2021: -$5,0992021Revenue 2022: $821,794Expenses 2022: $766,098Net Income 2022: $55,6962022Revenue 2023: $878,791Expenses 2023: $848,809Net Income 2023: $29,9822023Revenue 2024: $807,440Expenses 2024: $954,306Net Income 2024: -$146,8662024

Highlighted filing

2024

Revenue$807,440
Expenses$954,306
Net Income-$146,866

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.84$0.06$0.78$0.81$0.95$0.15
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.15$0.23$0.92$0.88$0.85$0.03
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.94$0.04$0.89$0.82$0.77$0.06
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.22$0.38$0.84$0.77$0.78$0.01
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.91$0.07$0.84$0.81$0.79$0.02
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.04$0.21$0.82$0.79$0.89$0.10
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.17$0.25$0.92$0.80$0.90$0.10
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.40$0.37$1.03$0.82$0.83$0.01
2016Detailed filing. Detailed filing data is available for this year.$1.22$0.18$1.04$0.85$0.80$0.05
2015Detailed filing. Detailed filing data is available for this year.$1.21$0.23$0.99$0.88$0.80$0.07
2014Detailed filing. Detailed filing data is available for this year.$1.10$0.19$0.92$0.89$0.78$0.11
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.87$0.07$0.80$0.92
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.03$0.15$0.87$0.79
2011Summary only. Only limited summary data is available for this year.$0.91$0.06$0.85$0.90$0.60$0.30
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 15, 2023
Return Version
2021v4.2
Gross Receipts
$821,794
Mission and Program Overview

Mission

Serve as the state's primary economic development support organization providing vital funding to assist business start-up, retention, expansion and recruitment.

Business leadership advancing oklahoma's economy

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,061,530$844,127▼ $217,403
Cash and Non-Interest-Bearing Accounts$104,901$74,506▼ $30,395
Prepaid Expenses and Deferred Charges$2,500$2,500→ $0
Land, Buildings, and Equipment, Net$541$322▼ $219
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$1,222,545$938,873▼ $283,672
Other Assets Total$53,073$17,418▼ $35,655
Liabilities
Deferred Revenue$377,500$42,500▼ $335,000
Accounts Payable and Accrued Expenses$6,104$1,736▼ $4,368
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$383,604$44,236▼ $339,368
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$838,941$894,637▲ $55,696
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$838,941$894,637▲ $55,696
Total Liabilities and Net Assets / Fund Balance$1,222,545$938,873▼ $283,672

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$322$14,521$14,843
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Mark W FunkePresident/CEOPT$73,600$73,600

Board Members and Trustees

NameTitle
Mita BatesChairman
Steven HendricksonPast Chairman
John Patrick LopezVice-chairman/chair Elect
Brian McclainDirector
Dave KollmannDirector
Greg MasseyDirector
Heather NottinghamDirector
Joseph CunninghamDirector
Leigh GoodsonDirector
Rick MccuneDirector
Sean KouplenDirector
Dave StewartSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$820,000
Investment Income
$1,790
Other Revenue
$4
Change in Net Assets
$55,696

Audited Revenue Reconciliation

Revenue per Audited Statements
$821,794
Total Revenue per Audited Statements
$821,794
Total Revenue per Form 990
$821,794
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$582,743
Salaries, Compensation, and Employee Benefits$110,468
Grants and Similar Amounts Paid$72,887
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees---$73,600
Grants to Domestic Orgs---$72,887
Fees for Services Management---$47,203
Occupancy---$39,110
Other Expenses---$36,023
Other Salaries and Wages---$34,157
Fees for Services Accounting---$23,409
All Other Expenses---$21,857
Information Technology---$6,447
Payroll Taxes---$2,711
Insurance---$2,439
Office Expenses---$1,805
Travel---$996
Depreciation Depletion---$219
Total Functional Expenses$0$0$0$766,098

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$766,098
Total Expenses per Audited Statements$766,098
Total Expenses per Form 990$766,098
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Tulsa Regional ChamberTulsa, OK501(c)(6)Economic Development - Pga$43,137
Select OklahomaEdmond, OK501(c)(6)Economic Development$25,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
Yes
Subject to proxy tax
Yes
Insider Transactions and Loans

Loans and Receivables

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

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Member or stockholders: all members are the same.

Form 990, Part VI, Section A, Line 7A

Members, stockholders, or other persons with power to elect the governing board: entire membership votes to elect governing board and officers

Form 990, Part VI, Section B, Line 11B

Process to review the form 990: the organization's process to review form 990 prior to filing form 990 consists of distributing an electronic copy of the return to the board of directors for review and approval.

Form 990, Part VI, Section B, Line 12C

Process to monitor compliance with conflict of interest policy: board members are required to sign a disclosure statement annually and any conflict of interest must be discussed with the board. An interested person may make a presentation at the board meeting or committee meeting. After the presentation, he/she shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest. The chair or chair of the committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. After exercising due diligence, the board or committee shall determine whether obrt can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. If a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the board or committee shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in obrt's best interest, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination it shall make its decision as to whether to enter into the transaction or arrangement.

Form 990, Part VI, Section C, Line 19

Availability of documents: the governing documents, conflict of interest policy, and financial statements are made available upon request.

Filing and Contact Details

Filer

Filer Name
Oklahoma Business Roundtable Inc
EIN
73-1377268
In Care Of
% TAMI CONSTABLE
Phone
4052353787
Address
655 Research Parkway Ste 420, Oklahoma City, OK 73104

Signing Officer

Name
Mark Funke
Title
President & CEO
Phone
4052353787
Signed
2023-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark Funke
Formed
1991
Legal Domicile
Ok
Voting Board Members
11
Independent Board Members
11
Employees
1
Volunteers
20

Preparer

Firm
Forvis Llp
Address
110 N Elgin Ave Suite 400, Tulsa, OK 74120-1490
Preparer
Jeanette Verrelli
Phone
9185842900
Supplemental Narrative

Financial Statement Notes

Part X, Line 2

Management has evaluated their income tax positions under the guidance included in asc 740. Based on their review, management has not identified any material uncertain tax positions to be recorded or disclosed in the financial statements.

Raw XML AppendixShowing 400 of 478 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
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IRS990/MissionDesc0SERVE AS THE STATE'S PRIMARY ECONOMIC DEVELOPMENT SUPPORT ORGANIZATION PROVIDING VITAL FUNDING TO ASSIST BUSINESS START-UP, RETENTION, EXPANSION AND RECRUITMENT.
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IRS990/OtherExpensesGrp/Desc3RECEPTIONS & MEETINGS
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS.
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IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0TULSA REGIONAL CHAMBER
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1SELECT OKLAHOMA
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IRS990ScheduleI/RecipientTable/RecipientEIN1832418022
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0TWO W 2ND STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1PO BOX 2371
IRS990ScheduleI/RecipientTable/USAddress/CityNm0TULSA
IRS990ScheduleI/RecipientTable/USAddress/CityNm1EDMOND
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IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0FINAL REPORTS ARE REQUIRED FROM ALL GRANTEES THAT INCLUDE HOW FUNDS WERE USED. RECEIPTS AND INVOICES FOR EXPENDITURES ARE REQUIRED BEFORE FUNDS ARE EXPENDED.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MEMBER OR STOCKHOLDERS: ALL MEMBERS ARE THE SAME.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS, STOCKHOLDERS, OR OTHER PERSONS WITH POWER TO ELECT THE GOVERNING BOARD: ENTIRE MEMBERSHIP VOTES TO ELECT GOVERNING BOARD AND OFFICERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PROCESS TO REVIEW THE FORM 990: THE ORGANIZATION'S PROCESS TO REVIEW FORM 990 PRIOR TO FILING FORM 990 CONSISTS OF DISTRIBUTING AN ELECTRONIC COPY OF THE RETURN TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PROCESS TO MONITOR COMPLIANCE WITH CONFLICT OF INTEREST POLICY: BOARD MEMBERS ARE REQUIRED TO SIGN A DISCLOSURE STATEMENT ANNUALLY AND ANY CONFLICT OF INTEREST MUST BE DISCUSSED WITH THE BOARD. AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE BOARD MEETING OR COMMITTEE MEETING. AFTER THE PRESENTATION, HE/SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. THE CHAIR OR CHAIR OF THE COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER EXERCISING DUE DILIGENCE, THE BOARD OR COMMITTEE SHALL DETERMINE WHETHER OBRT CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN OBRT'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION IT SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AVAILABILITY OF DOCUMENTS: THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
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