Liabilities / Assets
73rd percentile
Higher debt load relative to assets than 73% of similar nonprofits.
990 • Fiscal year 2019 • EIN 73-1503907
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
73rd percentile
Higher debt load relative to assets than 73% of similar nonprofits.
Liabilities / Revenue
96th percentile
Higher debt load relative to revenue than 96% of similar nonprofits.
Net Margin
94th percentile
Higher net margin than 94% of similar nonprofits.
Top Officer Pay
12th percentile
Higher top officer pay than 12% of similar nonprofits.
Top officer pay equals 8.0% of source-year revenue.
Asset Growth
5th percentile
Faster asset growth than 5% of similar nonprofits.
Revenue Growth
96th percentile
Faster revenue growth than 96% of similar nonprofits.
Assets
Down$13,079,947
Down $2,779,076 (-18%) from 2018
Net Assets
Up$7,590,075
Up $593,814 (+8.5%) from 2018
Liabilities
Down$5,489,872
Down $3,372,890 (-38%) from 2018
Revenue
Up$1,497,347
Up $599,388 (+67%) from 2018
Expenses
Down$903,533
Down $355,143 (-28%) from 2018
Net Income
Up$593,814
Up $954,531 (+265%) from 2018
Promotion of Economic Development
Improving the quality of life of Norman residents through the creation and retention of jobs.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $3,317,096 | $273,043 | ▼ $3,044,053 |
| Cash and Non-Interest-Bearing Accounts | $211,390 | $121,939 | ▼ $89,451 |
| Other Notes and Loans Receivable, Net | - | $62,000 | - |
| Accounts Receivable | $28,559 | $38,727 | ▲ $10,168 |
| Prepaid Expenses and Deferred Charges | $2,288 | - | - |
| Total Assets | $15,859,023 | $13,079,947 | ▼ $2,779,076 |
| Other Assets Total | $12,299,690 | $12,584,238 | ▲ $284,548 |
| Liabilities | |||
| Mortgage Notes Payable Secured by Investment Property | $8,702,450 | $5,378,783 | ▼ $3,323,667 |
| Deferred Revenue | $62,500 | $62,500 | → $0 |
| Accounts Payable and Accrued Expenses | $97,812 | $48,589 | ▼ $49,223 |
| Total Liabilities | $8,862,762 | $5,489,872 | ▼ $3,372,890 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $6,996,261 | $7,590,075 | ▲ $593,814 |
| Total Net Assets Fund Balance | $6,996,261 | $7,590,075 | ▲ $593,814 |
| Total Liabilities and Net Assets / Fund Balance | $15,859,023 | $13,079,947 | ▼ $2,779,076 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Other Land Buildings | $253,007 | $28,112 | - |
| Land | $16,207 | - | - |
| Equipment | $3,829 | $4,227 | - |
| Other Assets Org | $1,820 | - | - |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Jason Smith | PresidentCEO | FT | $115,179 | $5,150 | $120,329 |
| Maureen Hammond | PresidentCEO | FT | $78,673 | $3,107 | $81,780 |
| Name | Title |
|---|---|
| Dan Quinn | Chairperson |
| Mike Fowler | Vice Chairman |
| Brian Ruttman | Core Board Member |
| Darrel Pyle | Core Board Member |
| Eric Conrad | Core Board Member |
| Scott Martin | Core Board Member |
| Anil Gollahalli | Member at Large |
| Casey Vinyard | Member at Large |
| Stewart Berkinshaw | Member at Large |
| Patrick Grace | SecretaryTreasurer |
| Line Item | Amount |
|---|---|
| Other Expenses | $628,515 |
| Salaries, Compensation, and Employee Benefits | $275,018 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Interest | $299,567 | - | - | $299,567 |
| Current Officers, Directors, Trustees, and Key Employees | - | $193,852 | - | $193,852 |
| Other Expenses | $46,476 | $5,000 | - | $46,476 |
| Depreciation Depletion | $22,305 | $21,331 | - | $43,636 |
| Advertising | $35,767 | - | - | $35,767 |
| Fees for Services Legal | - | $35,632 | - | $35,632 |
| Fees for Services Other | - | $32,358 | - | $32,358 |
| Other Salaries and Wages | - | $31,568 | - | $31,568 |
| Fees for Services Accounting | - | $24,030 | - | $24,030 |
| Office Expenses | $8,301 | $15,217 | - | $23,518 |
| Occupancy | - | $22,573 | - | $22,573 |
| Other Employee Benefits | - | $22,370 | - | $22,370 |
| Travel | - | $21,877 | - | $21,877 |
| Payroll Taxes | - | $17,684 | - | $17,684 |
| All Other Expenses | - | $13,316 | - | $13,316 |
| Pension Plan Contributions | - | $9,544 | - | $9,544 |
| Insurance | $1,876 | $4,718 | - | $6,594 |
| Conferences and Meetings | $4,923 | - | - | $4,923 |
| Total Functional Expenses | $432,463 | $471,070 | $0 | $903,533 |
| Line Item | Amount |
|---|---|
| Total Expenses per Audited Statements | $950,950 |
| Expenses per Audited Statements | $903,533 |
| Total Expenses per Form 990 | $903,533 |
| Expenses Not Reported on Form 990 | $47,417 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
“The Executive Director reviews the 990 prior to filing. In addition, the 990 is made available to the Board members for their review prior to filing.”
“Members that have an identifiable conflict of interest recuse themselves and leave the room when discusions related to the conflict take place.”
“All compenstation matters related to the Executive Director are evaluated and approved by the Board of Directors”
“All compensation matters related to employees are reviewed and approved by the Board of Directors.”
“Norman Economic Development Corporation makes its governing documents available to the public upon request.”
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | true |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 97812 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 48589 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 28559 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 38727 |
| IRS990/AcctCompileOrReviewBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/ActivitiesConductedPrtshpInd | 0 | false |
| IRS990/ActivityOrMissionDesc | 0 | Improving the quality of life of Norman residents through the creation and retention of jobs. |
| IRS990/AdvertisingGrp/ProgramServicesAmt | 0 | 35767 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 35767 |
| IRS990/AllOtherContributionsAmt | 0 | 116303 |
| IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt | 0 | 13316 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 13316 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | true |
| IRS990/AuditCommitteeInd | 0 | true |
| IRS990/BackupWthldComplianceInd | 0 | true |
| IRS990/BooksInCareOfDetail/PersonNm | 0 | Gray Blodgett and Company |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 4053605533 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 629 24th Ave SW |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | Norman |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | OK |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 73069 |
| IRS990/BusinessRlnWithFamMemInd | 0 | false |
| IRS990/BusinessRlnWithOfficerEntInd | 0 | false |
| IRS990/BusinessRlnWithOrgMemInd | 0 | false |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 211390 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 121939 |
| IRS990/ChangeToOrgDocumentsInd | 0 | false |
| IRS990/CollectionsOfArtInd | 0 | false |
| IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt | 0 | 193852 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 193852 |
| IRS990/CompensationFromOtherSrcsInd | 0 | false |
| IRS990/CompensationProcessCEOInd | 0 | true |
| IRS990/CompensationProcessOtherInd | 0 | true |
| IRS990/ConferencesMeetingsGrp/ProgramServicesAmt | 0 | 4923 |
| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 4923 |
| IRS990/ConflictOfInterestPolicyInd | 0 | true |
| IRS990/ConservationEasementsInd | 0 | false |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | false |
| IRS990/CreditCounselingInd | 0 | false |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 116303 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 837855 |
| IRS990/CYOtherExpensesAmt | 0 | 628515 |
| IRS990/CYOtherRevenueAmt | 0 | 43189 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 500000 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 593814 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 275018 |
| IRS990/CYTotalExpensesAmt | 0 | 903533 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 1497347 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | false |
| IRS990/DeductibleArtContributionInd | 0 | false |
| IRS990/DeductibleNonCashContriInd | 0 | false |
| IRS990/DeferredRevenueGrp/BOYAmt | 0 | 62500 |
| IRS990/DeferredRevenueGrp/EOYAmt | 0 | 62500 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | false |
| IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt | 0 | 21331 |
| IRS990/DepreciationDepletionGrp/ProgramServicesAmt | 0 | 22305 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 43636 |
| IRS990/Desc | 0 | Encouraging and promoting expansion of the economic base for the benefit of Norman, OK through the retention of existing business and industry and the attraction of new business and industry. |
| IRS990/DescribedInSection501c3Ind | 0 | false |
| IRS990/DisregardedEntityInd | 0 | false |
| IRS990/DocumentRetentionPolicyInd | 0 | true |
| IRS990/DonorAdvisedFundInd | 0 | false |
| IRS990/ElectionOfBoardMembersInd | 0 | false |
| IRS990/EmployeeCnt | 0 | 3 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | true |
| IRS990/ExpenseAmt | 0 | 432463 |
| IRS990/FamilyOrBusinessRlnInd | 0 | false |
| IRS990/FederalGrantAuditRequiredInd | 0 | false |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 24030 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 24030 |
| IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt | 0 | 35632 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 35632 |
| IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt | 0 | 32358 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 32358 |
| IRS990/ForeignActivitiesInd | 0 | false |
| IRS990/ForeignFinancialAccountInd | 0 | false |
| IRS990/ForeignOfficeInd | 0 | false |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 0 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 1 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 2 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 3 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 4 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 5 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 6 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 7 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 8 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 9 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 10 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 11 | 0.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 9 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 10 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 11 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 10 | 3107 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 11 | 5150 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | Anil Gollahalli |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | Casey Vinyard |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | Darrel Pyle |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | Eric Conrad |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | Brian Ruttman |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | Scott Martin |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | Stewart Berkinshaw |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | Dan Quinn |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | Mike Fowler |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | Patrick Grace |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 10 | Maureen Hammond |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 11 | Jason Smith |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 10 | 78673 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 11 | 115179 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 7 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 10 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 11 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | Member at Large |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | Member at Large |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | Core Board Member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | Core Board Member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | Core Board Member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | Core Board Member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | Member at Large |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | Chairperson |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | Vice Chairman |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | SecretaryTreasurer |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | PresidentCEO |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 11 | PresidentCEO |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | true |
| IRS990/FormationYr | 0 | 1996 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | false |
| IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | true |
| IRS990/FundraisingActivitiesInd | 0 | false |
| IRS990/GainOrLossGrp/OtherAmt | 0 | 835691 |
| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 10 |
| IRS990/GrantsToIndividualsInd | 0 | false |
| IRS990/GrantsToOrganizationsInd | 0 | false |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossAmountSalesAssetsGrp/OtherAmt | 0 | 835691 |
| IRS990/GrossReceiptsAmt | 0 | 1544764 |
| IRS990/GrossRentsGrp/RealAmt | 0 | 41463 |
| IRS990/GroupReturnForAffiliatesInd | 0 | false |
| IRS990/IncludeFIN48FootnoteInd | 0 | false |
| IRS990/IndependentAuditFinclStmtInd | 0 | true |
| IRS990/IndependentVotingMemberCnt | 0 | 10 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 1 |
| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 4718 |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 1876 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 6594 |
| IRS990/InterestGrp/ProgramServicesAmt | 0 | 299567 |
| IRS990/InterestGrp/TotalAmt | 0 | 299567 |
| IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt | 0 | 2164 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 2164 |
| IRS990/InvestmentInJointVentureInd | 0 | false |
| IRS990/IRPDocumentCnt | 0 | 0 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 32339 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 3317096 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 273043 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 305382 |
| IRS990/LegalDomicileStateCd | 0 | OK |
| IRS990/LessRentalExpensesGrp/RealAmt | 0 | 47417 |
| IRS990/LoanOutstandingInd | 0 | false |
| IRS990/LocalChaptersInd | 0 | false |
| IRS990/MaterialDiversionOrMisuseInd | 0 | false |
| IRS990/MembersOrStockholdersInd | 0 | false |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | true |
| IRS990/MinutesOfGoverningBodyInd | 0 | true |
| IRS990/MissionDesc | 0 | Improving the quality of life of Norman residents through the creation and retention of jobs. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | false |
| IRS990/MoreThan5000KToOrgInd | 0 | false |
| IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt | 0 | 8702450 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt | 0 | 5378783 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 6996261 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 7590075 |
| IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt | 0 | 835691 |
| IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt | 0 | 835691 |
| IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt | 0 | -5954 |
| IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt | 0 | -5954 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NoListedPersonsCompensatedInd | 0 | X |
| IRS990/NondeductibleContributionsInd | 0 | false |
| IRS990/OccupancyGrp/ManagementAndGeneralAmt | 0 | 22573 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 22573 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 15217 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 8301 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 23518 |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501cInd | 0 | X |
| IRS990/OrganizationFollowsSFAS117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 12299690 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 12584238 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt | 0 | 22370 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 22370 |
| IRS990/OtherExpensesGrp/Desc | 0 | Sooner Centurians |
| IRS990/OtherExpensesGrp/Desc | 1 | Greater OKC Partnership |
| IRS990/OtherExpensesGrp/Desc | 2 | Strategic Plan |
| IRS990/OtherExpensesGrp/Desc | 3 | Property tax |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 5000 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 966 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 12282 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 46476 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 966 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 5000 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 12282 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 46476 |
| IRS990/OtherRevenueMiscGrp/BusinessCd | 0 | 900099 |
| IRS990/OtherRevenueMiscGrp/Desc | 0 | Other income |
| IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt | 0 | 49143 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 0 | 49143 |
| IRS990/OtherRevenueTotalAmt | 0 | 49143 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 31568 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 31568 |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 62000 |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 17684 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 17684 |
| IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt | 0 | 9544 |
| IRS990/PensionPlanContributionsGrp/TotalAmt | 0 | 9544 |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 2288 |
| IRS990/ProfessionalFundraisingInd | 0 | false |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 900099 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | Contract Services |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 500000 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 500000 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990/PYContributionsGrantsAmt | 0 | 292380 |
| IRS990/PYInvestmentIncomeAmt | 0 | 1556 |
| IRS990/PYOtherExpensesAmt | 0 | 907873 |
| IRS990/PYOtherRevenueAmt | 0 | 104023 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 500000 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -360717 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 350803 |
| IRS990/PYTotalExpensesAmt | 0 | 1258676 |
| IRS990/PYTotalRevenueAmt | 0 | 897959 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 593814 |
| IRS990/RegularMonitoringEnfrcInd | 0 | true |
| IRS990/RelatedEntityInd | 0 | false |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990/RentalIncomeOrLossGrp/RealAmt | 0 | -5954 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | false |
| IRS990/ReportLandBuildingEquipmentInd | 0 | true |
| IRS990/ReportOtherAssetsInd | 0 | true |
| IRS990/ReportOtherLiabilitiesInd | 0 | false |
| IRS990/ReportProgramRelatedInvstInd | 0 | false |
| IRS990/ScheduleBRequiredInd | 0 | false |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 3829 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 4227 |
| IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt | 0 | 8056 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 47417 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 903533 |
| IRS990ScheduleD/LandGrp/BookValueAmt | 0 | 16207 |
| IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt | 0 | 16207 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 0 | 11648418 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 1 | 934000 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 2 | 1820 |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | Land Held for Resale |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 1 | Notes Receivable |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 2 | Deposits |
| IRS990ScheduleD/OtherExpensesIncludedAmt | 0 | 47417 |
| IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt | 0 | 253007 |
| IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt | 0 | 28112 |
| IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt | 0 | 281119 |
| IRS990ScheduleD/OtherRevenueAmt | 0 | 47417 |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 47417 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 1497347 |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 273043 |
| IRS990ScheduleD/TotalBookValueOtherAssetsAmt | 0 | 12584238 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 903533 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 1497347 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 1544764 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 950950 |
| IRS990/ScheduleJRequiredInd | 0 | false |
| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | The Executive Director reviews the 990 prior to filing. In addition, the 990 is made available to the Board members for their review prior to filing. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Members that have an identifiable conflict of interest recuse themselves and leave the room when discusions related to the conflict take place. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | All compenstation matters related to the Executive Director are evaluated and approved by the Board of Directors |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | All compensation matters related to employees are reviewed and approved by the Board of Directors. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | Norman Economic Development Corporation makes its governing documents available to the public upon request. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Form 990 governing body review Part VI line 11 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Conflict of interest policy compliance Part VI line 12c |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | CEO executive director top management comp Part VI line 15a |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | Other officer or key employee compensation Part VI line 15b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | Governing documents etc available to public Part VI line 19 |
| IRS990/SchoolOperatingInd | 0 | false |
| IRS990/SignificantChangeInd | 0 | false |
| IRS990/SignificantNewProgramSrvcInd | 0 | false |
| IRS990/StatesWhereCopyOfReturnIsFldCd | 0 | OK |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | false |
| IRS990/SubjectToProxyTaxInd | 0 | false |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | false |
| IRS990/TaxablePartyNotificationInd | 0 | false |
| IRS990/TaxExemptBondsInd | 0 | false |
| IRS990/TempOrPermanentEndowmentsInd | 0 | false |
| IRS990/TerminateOperationsInd | 0 | false |
| IRS990/TotalAssetsBOYAmt | 0 | 15859023 |
| IRS990/TotalAssetsEOYAmt | 0 | 13079947 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 15859023 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 13079947 |
| IRS990/TotalCompGreaterThan150KInd | 0 | false |
| IRS990/TotalContributionsAmt | 0 | 116303 |
| IRS990/TotalEmployeeCnt | 0 | 3 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 471070 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 432463 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 903533 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 8862762 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 5489872 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 8862762 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 5489872 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 6996261 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 7590075 |
| IRS990/TotalOtherCompensationAmt | 0 | 8257 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 432463 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 500000 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 193852 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 0 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 1381044 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 1497347 |
| IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 15859023 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 13079947 |
| IRS990/TotReportableCompRltdOrgAmt | 0 | 0 |
| IRS990/TravelGrp/ManagementAndGeneralAmt | 0 | 21877 |
| IRS990/TravelGrp/TotalAmt | 0 | 21877 |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | false |
| IRS990/UnrestrictedNetAssetsGrp/BOYAmt | 0 | 6996261 |
| IRS990/UnrestrictedNetAssetsGrp/EOYAmt | 0 | 7590075 |
| IRS990/UponRequestInd | 0 | X |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 10 |
| IRS990/VotingMembersIndependentCnt | 0 | 10 |
| IRS990/WhistleblowerPolicyInd | 0 | true |
| ReturnHeader/BuildTS | 0 | 2020-09-23 17:36:50Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | Patrick Grace |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | Board Chairpers |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 4055731900 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2019-11-13 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | Norman Economic Development Coaliti |
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Displayed year
2019 • Form 990Detailed filing. Detailed filing data is available for this year.