Civic Intelligence

Norman Economic Development Coalition Inc

990 • Fiscal year 2014 • EIN 73-1503907

Jul 01, 2013 to Jun 30, 2014 • Filed on Nov 12, 2014

Organization ProfileN/A
710 Asp Ave73069

(405) 573-1900

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.78x

Higher debt load relative to assets than 92% of similar nonprofits.

2014 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2014

Liabilities / Revenue

97th percentile

4.69x

Higher debt load relative to revenue than 97% of similar nonprofits.

2014 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2014

Net Margin

95th percentile

50%

Higher net margin than 95% of similar nonprofits.

2014 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2014

Top Officer Pay

7th percentile

$0

Higher top officer pay than 7% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2014

Asset Growth

94th percentile

34%

Faster asset growth than 94% of similar nonprofits.

2014 filings • 501(c)6 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Revenue Growth

85th percentile

21%

Faster revenue growth than 85% of similar nonprofits.

2014 filings • 501(c)6 • $10M-$25M nonprofits • Annualized from 2011 to 2014

Balance Sheet
Liabilities / Assets92nd percentile

Assets

Up

$12,240,300

Up $3,093,301 (+34%) from 2013

Net Assets

Up

$2,693,100

Up $1,015,296 (+61%) from 2013

Liabilities

Up

$9,547,200

Up $2,078,005 (+28%) from 2013

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin95th percentile

Revenue

$2,036,540

No earlier filing loaded for comparison.

Expenses

Up

$1,021,244

Up $84,887 (+9.1%) from 2013

Net Income

$1,015,296

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth94th percentile

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

$20M$15M$10M$5.0M$0Assets 2011: $9,231,895Liabilities 2011: $7,956,172Net Assets 2011: $1,275,7232011Assets 2012: $9,410,319Liabilities 2012: $7,952,089Net Assets 2012: $1,458,2302012Assets 2013: $9,146,999Liabilities 2013: $7,469,195Net Assets 2013: $1,677,8042013Assets 2014: $12,240,300Liabilities 2014: $9,547,200Net Assets 2014: $2,693,1002014Assets 2015: $15,406,007Liabilities 2015: $10,374,099Net Assets 2015: $5,031,9082015Assets 2016: $15,757,554Liabilities 2016: $10,990,493Net Assets 2016: $4,767,0612016Assets 2017: $16,118,409Liabilities 2017: $8,761,431Net Assets 2017: $7,356,9782017Assets 2018: $15,859,023Liabilities 2018: $8,862,762Net Assets 2018: $6,996,2612018Assets 2019: $13,079,947Liabilities 2019: $5,489,872Net Assets 2019: $7,590,0752019Assets 2020: $12,387,468Liabilities 2020: $4,825,739Net Assets 2020: $7,561,7292020Assets 2021: $10,589,213Liabilities 2021: $86,401Net Assets 2021: $10,502,8122021Assets 2022: $11,149,889Liabilities 2022: $92,228Net Assets 2022: $11,057,6612022Assets 2023: $11,594,377Liabilities 2023: $97,889Net Assets 2023: $11,496,4882023Assets 2024: $11,978,903Liabilities 2024: $291,735Net Assets 2024: $11,687,1682024

Highlighted filing

2014

Assets$12,240,300
Liabilities$9,547,200
Net Assets$2,693,100
Open 2014 Filing

Operations Trend

Revenue Growth85th percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,161,801Expenses 2011: $1,052,893Net Income 2011: $108,9082011Expenses 2012: $1,045,9772012Expenses 2013: $936,3572013Revenue 2014: $2,036,540Expenses 2014: $1,021,244Net Income 2014: $1,015,2962014Revenue 2015: $3,017,044Expenses 2015: $998,946Net Income 2015: $2,018,0982015Revenue 2016: $873,318Expenses 2016: $1,138,165Net Income 2016: -$264,8472016Revenue 2017: $3,513,492Expenses 2017: $923,575Net Income 2017: $2,589,9172017Revenue 2018: $897,959Expenses 2018: $1,258,676Net Income 2018: -$360,7172018Revenue 2019: $1,497,347Expenses 2019: $903,533Net Income 2019: $593,8142019Revenue 2020: $688,157Expenses 2020: $716,503Net Income 2020: -$28,3462020Revenue 2021: $3,499,437Expenses 2021: $527,104Net Income 2021: $2,972,3332021Revenue 2022: $1,287,549Expenses 2022: $484,684Net Income 2022: $802,8652022Revenue 2023: $1,649,929Expenses 2023: $1,211,102Net Income 2023: $438,8272023Revenue 2024: $1,464,453Expenses 2024: $1,273,773Net Income 2024: $190,6802024

Highlighted filing

2014

Revenue$2,036,540
Expenses$1,021,244
Net Income$1,015,296
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Nov 12, 2014
Return Version
2013v3.1
Gross Receipts
$3,149,217
Mission and Program Overview

Mission

Promotion of Economic Development

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,913,816$3,802,984▼ $110,832
Pledges and Grants Receivable-$771,779-
Other Notes and Loans Receivable, Net$181,251$148,298▼ $32,953
Cash and Non-Interest-Bearing Accounts$74,624$127,135▲ $52,511
Prepaid Expenses and Deferred Charges$3,087$5,377▲ $2,290
Accounts Receivable$8,426$4,775▼ $3,651
Total Assets$9,146,999$12,240,300▲ $3,093,301
Other Assets Total$4,965,795$7,379,952▲ $2,414,157
Liabilities
Mortgage Notes Payable Secured by Investment Property$7,353,875$9,352,522▲ $1,998,647
Escrow Account Liability$7,913$97,930▲ $90,017
Deferred Revenue$62,500$63,672▲ $1,172
Accounts Payable and Accrued Expenses$40,524$28,632▼ $11,892
Other Liabilities$4,383$4,444▲ $61
Total Liabilities$7,469,195$9,547,200▲ $2,078,005
Net Assets / Fund Balance
Unrestricted Net Assets$1,677,804$2,693,100▲ $1,015,296
Total Net Assets Fund Balance$1,677,804$2,693,100▲ $1,015,296
Total Liabilities and Net Assets / Fund Balance$9,146,999$12,240,300▲ $3,093,301

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,640,671$816,079-
Other Land Buildings$32,483--
Equipment$129,830--
Other Assets Org$800--
Compensation and Service Providers
Top Officer Pay7th percentile

Board Members and Trustees

NameTitle
George WilsonChairperson
Leslie Wiggins-christoperVice chairperson
Anil GollahalliDirector
Daniel PullinDirector
Jane BowenDirector
John WoodsDirector
Mike FowlerDirector
Paul RisserDirector
Steve LewisDirector
Steve CorleySecretary/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$912,735
Program Service Revenue
$500,000
Investment Income
$93,790
Other Revenue
$530,015
All Other Contributions
$912,735
Change in Net Assets
$1,015,296

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,036,540
Revenue Not Reported on Form 990
$77,020
Total Revenue per Audited Statements
$2,113,560
Total Revenue per Form 990
$2,036,540
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$665,689
Salaries, Compensation, and Employee Benefits$355,555
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$399,394$0$0$399,394
Current Officers, Directors, Trustees, and Key Employees-$355,555-$355,555
Depreciation Depletion$107,383$11,032$0$118,415
Occupancy$17,935--$17,935
Conferences and Meetings$6,366$0$0$6,366
Other Expenses$1,362$0$0$1,362
Total Functional Expenses$654,657$366,587$0$1,021,244

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,098,264
Expenses per Audited Statements$1,021,244
Total Expenses per Form 990$1,021,244
Expenses Not Reported on Form 990$77,020
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
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Payroll Liabilities$4,444
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

EIN
73-1503907
Phone
4055731900

Signing Officer

Name
Don Wood
Title
Executive Director
Phone
4055731900
Signed
2014-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
George Wilson
Formed
1996
Legal Domicile
Ok
Voting Board Members
10
Independent Board Members
10
Employees
5
Volunteers
2

Preparer

Preparer
Larry Pace
Phone
4053213026
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“The form 990 is made available to the board members before”

Pt VI, Line 11B

“the return is filed, otherwise the Exec Dir reviews it”

Pt VI, Line 15A

“All compensation matters related to the Executive Director”

Pt VI, Line 15A

“are evaluated and approved by the Board of Directors.”

Pt VI, Line 15A

“evaluates to Exec. Director”

Pt VI, Line 15B

“All compensation matters related to the employees are reviewed”

Pt VI, Line 15B

“and approved by the Executive Director and Board of Directors.”

Financial Statement Notes

Pt IV Line 2B

“Funds Held in escrow”

Pt XI Line 2D

“Rental expenses that offset rental income”

Pt XII Line 2D

“Rental expenses that offset rental income.”

Raw XML Appendix379 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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IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Land held for resale
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Cash Reserve
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3Long-term notes receivable
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4Trademark
IRS990ScheduleD/OtherExpensesIncludedAmt077020
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt032483
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt032483
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04444
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Payroll Liabilities
IRS990ScheduleD/OtherRevenueAmt077020
IRS990ScheduleD/RevenueNotReportedAmt077020
IRS990ScheduleD/RevenueSubtotalAmt02036540
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Funds Held in escrow
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Rental expenses that offset rental income
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Rental expenses that offset rental income.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt IV Line 2b
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt XI Line 2d
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt XII Line 2d
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03802984
IRS990ScheduleD/TotalBookValueOtherAssetsAmt07379952
IRS990ScheduleD/TotalExpensesPerForm990Amt01021244
IRS990ScheduleD/TotalLiabilityAmt04444
IRS990ScheduleD/TotalRevenuePerForm990Amt02036540
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02113560
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01098264
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The form 990 is made available to the board members before
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1the return is filed, otherwise the Exec Dir reviews it
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2All compensation matters related to the Executive Director
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3are evaluated and approved by the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4evaluates to Exec. Director
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5All compensation matters related to the employees are reviewed
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6and approved by the Executive Director and Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Pt VI, Line 15b
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0OK
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt09146999
IRS990/TotalAssetsEOYAmt012240300
IRS990/TotalAssetsGrp/BOYAmt09146999
IRS990/TotalAssetsGrp/EOYAmt012240300
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0912735
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0366587
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0654657
IRS990/TotalFunctionalExpensesGrp/TotalAmt01021244
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt07469195
IRS990/TotalLiabilitiesEOYAmt09547200
IRS990/TotalLiabilitiesGrp/BOYAmt07469195
IRS990/TotalLiabilitiesGrp/EOYAmt09547200
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01677804
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02693100
IRS990/TotalProgramServiceExpensesAmt0654657
IRS990/TotalProgramServiceRevenueAmt0500000
IRS990/TotalRevenueGrp/ExclusionAmt093790
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01030015
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02036540
IRS990/TotalVolunteersCnt02
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt09146999
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt012240300
IRS990/TransactionWithControlEntInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt01677804
IRS990/UnrestrictedNetAssetsGrp/EOYAmt02693100
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine10710 Asp Ave
IRS990/USAddress/City0Norman
IRS990/USAddress/State0OK
IRS990/USAddress/ZIPCode073069
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DON WOOD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum04055731900
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-11-12
ReturnHeader/Filer/BusinessName/BusinessNameLine10Norman Economic Development Coalition Inc
ReturnHeader/Filer/BusinessNameControlTxt0NORM
ReturnHeader/Filer/EIN0731503907
ReturnHeader/Filer/PhoneNum04055731900
ReturnHeader/Filer/USAddress/AddressLine10710 Asp Ave
ReturnHeader/Filer/USAddress/City0Norman
ReturnHeader/Filer/USAddress/State0OK
ReturnHeader/Filer/USAddress/ZIPCode073069
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10LARRY PACE & CO PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine101225 W MAIN ST 124
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0NORMAN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0OK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode073069
ReturnHeader/PreparerPersonGrp/PhoneNum04053213026
ReturnHeader/PreparerPersonGrp/PreparationDt02014-11-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LARRY PACE
ReturnHeader/ReturnTs02014-11-12T15:11:58-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-07-01
ReturnHeader/TaxPeriodEndDt02014-06-30
ReturnHeader/TaxYr02013

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$12,240,300
Liabilities
$9,547,200
Net assets
$2,693,100
Revenue
$2,036,540
Expenses
$1,021,244
Net income
$1,015,296
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$12.0$0.29$11.7$1.46$1.27$0.19
2023Detailed filing. Detailed filing data is available for this year.$11.6$0.10$11.5$1.65$1.21$0.44
2022Detailed filing. Detailed filing data is available for this year.$11.1$0.09$11.1$1.29$0.48$0.80
2021Detailed filing. Detailed filing data is available for this year.$10.6$0.09$10.5$3.50$0.53$2.97
2020Detailed filing. Detailed filing data is available for this year.$12.4$4.83$7.56$0.69$0.72$0.03
2019Detailed filing. Detailed filing data is available for this year.$13.1$5.49$7.59$1.50$0.90$0.59
2018Detailed filing. Detailed filing data is available for this year.$15.9$8.86$7.00$0.90$1.26$0.36
2017Detailed filing. Detailed filing data is available for this year.$16.1$8.76$7.36$3.51$0.92$2.59
2016Detailed filing. Detailed filing data is available for this year.$15.8$11.0$4.77$0.87$1.14$0.26
2015Detailed filing. Detailed filing data is available for this year.$15.4$10.4$5.03$3.02$1.00$2.02
2014Detailed filing. Detailed filing data is available for this year.$12.2$9.55$2.69$2.04$1.02$1.02
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.15$7.47$1.68$0.94
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.41$7.95$1.46$1.05
2011Summary only. Only limited summary data is available for this year.$9.23$7.96$1.28$1.16$1.05$0.11