Liabilities / Assets
88th percentile
Higher debt load relative to assets than 88% of similar nonprofits.
990 • Fiscal year 2016 • EIN 73-1503907
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
88th percentile
Higher debt load relative to assets than 88% of similar nonprofits.
Liabilities / Revenue
99th percentile
Higher debt load relative to revenue than 99% of similar nonprofits.
Net Margin
6th percentile
Higher net margin than 6% of similar nonprofits.
Top Officer Pay
13th percentile
Higher top officer pay than 13% of similar nonprofits.
Top officer pay equals 15.9% of source-year revenue.
Asset Growth
39th percentile
Faster asset growth than 39% of similar nonprofits.
Revenue Growth
2nd percentile
Faster revenue growth than 2% of similar nonprofits.
Assets
Up$15,757,554
Up $351,547 (+2.3%) from 2015
Net Assets
Down$4,767,061
Down $264,847 (-5.3%) from 2015
Liabilities
Up$10,990,493
Up $616,394 (+5.9%) from 2015
Revenue
Down$873,318
Down $2,143,726 (-71%) from 2015
Expenses
Up$1,138,165
Up $139,219 (+14%) from 2015
Net Income
Down-$264,847
Down $2,282,945 (-113%) from 2015
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 | $3,755,328 | $3,841,572 | ▲ $86,244 |
| Cash and Non-Interest-Bearing Accounts | $181,899 | $234,356 | ▲ $52,457 |
| Prepaid Expenses and Deferred Charges | $6,941 | $6,749 | ▼ $192 |
| Accounts Receivable | $34,384 | $895 | ▼ $33,489 |
| Total Assets | $15,406,007 | $15,757,554 | ▲ $351,547 |
| Other Assets Total | $11,427,455 | $11,673,982 | ▲ $246,527 |
| Liabilities | |||
| Mortgage Notes Payable Secured by Investment Property | $10,256,992 | $10,892,992 | ▲ $636,000 |
| Deferred Revenue | $64,028 | $63,817 | ▼ $211 |
| Accounts Payable and Accrued Expenses | $53,079 | $33,684 | ▼ $19,395 |
| Total Liabilities | $10,374,099 | $10,990,493 | ▲ $616,394 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $5,031,908 | $4,767,061 | ▼ $264,847 |
| Total Net Assets Fund Balance | $5,031,908 | $4,767,061 | ▼ $264,847 |
| Total Liabilities and Net Assets / Fund Balance | $15,406,007 | $15,757,554 | ▲ $351,547 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $3,260,800 | $874,921 | - |
| Other Land Buildings | $552,137 | $5,896 | - |
| Land | $16,207 | - | - |
| Equipment | $12,428 | $76,791 | - |
| Other Assets Org | $800 | - | - |
| Name | Title | Full / Part Time | Base | Total |
|---|---|---|---|---|
| Jason P Smith | President and CEO | FT | $139,145 | $139,145 |
| Name | Title |
|---|---|
| Dan Quinn | Chairperson |
| Mike Fowler | Vice Chairman |
| Anil Gollahalli | Core Board Member |
| Jane Bowen | Core Board Member |
| John Woods | Core Board Member |
| Steve Lewis | Core Board Member |
| Casey Vinyard | Member at Large |
| Daniel Pullin | Member at Large |
| Patrick Grace | Member at Large |
| Chris Kuwitzky | SecretaryTreasurer |
| Line Item | Amount |
|---|---|
| Other Expenses | $711,178 |
| Salaries, Compensation, and Employee Benefits | $426,987 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Interest | $246,094 | - | - | $246,094 |
| Other Salaries and Wages | - | $228,838 | - | $228,838 |
| Current Officers, Directors, Trustees, and Key Employees | - | $139,145 | - | $139,145 |
| Depreciation Depletion | $101,273 | $11,926 | - | $113,199 |
| Advertising | $38,181 | $12,250 | - | $50,431 |
| All Other Expenses | $14,036 | $28,424 | - | $42,460 |
| Other Employee Benefits | - | $33,883 | - | $33,883 |
| Other Expenses | $150,322 | $28,400 | - | $28,400 |
| Payroll Taxes | - | $25,121 | - | $25,121 |
| Fees for Services Accounting | - | $17,400 | - | $17,400 |
| Occupancy | - | $16,334 | - | $16,334 |
| Fees for Services Legal | - | $15,281 | - | $15,281 |
| Office Expenses | - | $11,189 | - | $11,189 |
| Travel | - | $9,612 | - | $9,612 |
| Conferences and Meetings | $5,497 | - | - | $5,497 |
| Insurance | - | $4,959 | - | $4,959 |
| Total Functional Expenses | $555,403 | $582,762 | $0 | $1,138,165 |
| Line Item | Amount |
|---|---|
| Total Expenses per Audited Statements | $1,315,886 |
| Expenses per Audited Statements | $1,138,165 |
| Total Expenses per Form 990 | $1,138,165 |
| Expenses Not Reported on Form 990 | $177,721 |
| 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.”
“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.”
“Rental expenses that offset rental income”
“Rental expenses that offset rental income”
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 | 53079 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 33684 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 34384 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 895 |
| 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/ManagementAndGeneralAmt | 0 | 12250 |
| IRS990/AdvertisingGrp/ProgramServicesAmt | 0 | 38181 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 50431 |
| IRS990/AllOtherContributionsAmt | 0 | 281456 |
| IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt | 0 | 28424 |
| IRS990/AllOtherExpensesGrp/ProgramServicesAmt | 0 | 14036 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 42460 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | false |
| 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 | 181899 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 234356 |
| IRS990/ChangeToOrgDocumentsInd | 0 | false |
| IRS990/CollectionsOfArtInd | 0 | false |
| IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt | 0 | 139145 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 139145 |
| IRS990/CompensationFromOtherSrcsInd | 0 | false |
| IRS990/CompensationProcessCEOInd | 0 | true |
| IRS990/CompensationProcessOtherInd | 0 | true |
| IRS990/ConferencesMeetingsGrp/ProgramServicesAmt | 0 | 5497 |
| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 5497 |
| IRS990/ConflictOfInterestPolicyInd | 0 | true |
| IRS990/ConservationEasementsInd | 0 | false |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | false |
| IRS990/CreditCounselingInd | 0 | false |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 281456 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | -45303 |
| IRS990/CYOtherExpensesAmt | 0 | 711178 |
| IRS990/CYOtherRevenueAmt | 0 | 137165 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 500000 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | -264847 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 426987 |
| IRS990/CYTotalExpensesAmt | 0 | 1138165 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 873318 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | false |
| IRS990/DeductibleArtContributionInd | 0 | false |
| IRS990/DeductibleNonCashContriInd | 0 | false |
| IRS990/DeferredRevenueGrp/BOYAmt | 0 | 64028 |
| IRS990/DeferredRevenueGrp/EOYAmt | 0 | 63817 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | false |
| IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt | 0 | 11926 |
| IRS990/DepreciationDepletionGrp/ProgramServicesAmt | 0 | 101273 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 113199 |
| 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 | 5 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | true |
| IRS990/ExpenseAmt | 0 | 555403 |
| IRS990/FamilyOrBusinessRlnInd | 0 | false |
| IRS990/FederalGrantAuditRequiredInd | 0 | false |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 17400 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 17400 |
| IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt | 0 | 15281 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 15281 |
| IRS990/ForeignActivitiesInd | 0 | false |
| IRS990/ForeignFinancialAccountInd | 0 | false |
| IRS990/ForeignOfficeInd | 0 | false |
| IRS990/Form8282PropertyDisposedOfInd | 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/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 | 40.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 9 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 10 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd | 0 | 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 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | Steve Lewis |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | Anil Gollahalli |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | Jane Bowen |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | John Woods |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | Daniel Pullin |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | Casey Vinyard |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | Patrick Grace |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 7 | Jason P Smith |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | Dan Quinn |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | Mike Fowler |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 10 | Chris Kuwitzky |
| 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 | 139145 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 8 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 9 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 10 | 0 |
| 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/TitleTxt | 0 | Core Board Member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | Core Board Member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | Core Board Member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | Core Board Member |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | Member at Large |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | Member at Large |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | Member at Large |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | President and CEO |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | Chairperson |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | Vice Chairman |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | SecretaryTreasurer |
| 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 | -45796 |
| IRS990/GamingActivitiesInd | 0 | false |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 10 |
| IRS990/GrantsToIndividualsInd | 0 | false |
| IRS990/GrantsToOrganizationsInd | 0 | false |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossAmountSalesAssetsGrp/OtherAmt | 0 | 222264 |
| IRS990/GrossReceiptsAmt | 0 | 1319099 |
| IRS990/GrossRentsGrp/RealAmt | 0 | 243498 |
| IRS990/GroupReturnForAffiliatesInd | 0 | false |
| IRS990/IncludeFIN48FootnoteInd | 0 | false |
| IRS990/IndependentAuditFinclStmtInd | 0 | true |
| IRS990/IndependentVotingMemberCnt | 0 | 10 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 2 |
| IRS990/IndoorTanningServicesInd | 0 | false |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 4959 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 4959 |
| IRS990/InterestGrp/ProgramServicesAmt | 0 | 246094 |
| IRS990/InterestGrp/TotalAmt | 0 | 246094 |
| IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt | 0 | 493 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 493 |
| IRS990/InvestmentInJointVentureInd | 0 | false |
| IRS990/IRPDocumentCnt | 0 | 11 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 957608 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 3755328 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 3841572 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 4799180 |
| IRS990/LegalDomicileStateCd | 0 | OK |
| IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt | 0 | 268060 |
| IRS990/LessRentalExpensesGrp/RealAmt | 0 | 177721 |
| 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 | 10256992 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt | 0 | 10892992 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 5031908 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 4767061 |
| IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt | 0 | -45796 |
| IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt | 0 | -45796 |
| IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt | 0 | 65777 |
| IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt | 0 | 65777 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NondeductibleContributionsInd | 0 | false |
| IRS990/OccupancyGrp/ManagementAndGeneralAmt | 0 | 16334 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 16334 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 11189 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 11189 |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501cInd | 0 | X |
| IRS990/OrganizationFollowsSFAS117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 11427455 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 11673982 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt | 0 | 33883 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 33883 |
| IRS990/OtherExpensesGrp/Desc | 0 | Bad debts |
| IRS990/OtherExpensesGrp/Desc | 1 | Transition |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 28400 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 150322 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 150322 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 28400 |
| IRS990/OtherRevenueMiscGrp/BusinessCd | 0 | 900099 |
| IRS990/OtherRevenueMiscGrp/Desc | 0 | Other income |
| IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt | 0 | 71388 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 0 | 71388 |
| IRS990/OtherRevenueTotalAmt | 0 | 71388 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 228838 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 228838 |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | false |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 25121 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 25121 |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 6941 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 6749 |
| IRS990/PrincipalOfficerNm | 0 | Jason P Smith |
| 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/PYBenefitsPaidToMembersAmt | 0 | 359081 |
| IRS990/PYContributionsGrantsAmt | 0 | 2004550 |
| IRS990/PYInvestmentIncomeAmt | 0 | 117636 |
| IRS990/PYOtherExpensesAmt | 0 | 998946 |
| IRS990/PYOtherRevenueAmt | 0 | 394858 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 500000 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 1659017 |
| IRS990/PYTotalExpensesAmt | 0 | 1358027 |
| IRS990/PYTotalRevenueAmt | 0 | 3017044 |
| IRS990/QuidProQuoContributionsInd | 0 | false |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | false |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -264847 |
| IRS990/RegularMonitoringEnfrcInd | 0 | false |
| IRS990/RelatedEntityInd | 0 | false |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990/RentalIncomeOrLossGrp/RealAmt | 0 | 65777 |
| 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/BuildingsGrp/BookValueAmt | 0 | 3260800 |
| IRS990ScheduleD/BuildingsGrp/DepreciationAmt | 0 | 874921 |
| IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt | 0 | 4135721 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 12428 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 76791 |
| IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt | 0 | 89219 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 177721 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 1138165 |
| IRS990ScheduleD/LandGrp/BookValueAmt | 0 | 16207 |
| IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt | 0 | 16207 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 0 | 10954182 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 1 | 719000 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 2 | 800 |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | Land Held for Resale |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 1 | Notes Receivable |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 2 | Trademark |
| IRS990ScheduleD/OtherExpensesIncludedAmt | 0 | 177721 |
| IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt | 0 | 552137 |
| IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt | 0 | 5896 |
| IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt | 0 | 558033 |
| IRS990ScheduleD/OtherRevenueAmt | 0 | 177721 |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 177721 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 873318 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | Rental expenses that offset rental income |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 1 | Rental expenses that offset rental income |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Other revenues not included on Form 990 (Part XI, line 2d) |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Other expenses not included on Form 990 (Part XII, line 2d) |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 3841572 |
| IRS990ScheduleD/TotalBookValueOtherAssetsAmt | 0 | 11673982 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 1138165 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 873318 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 1051039 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 1315886 |
| 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 | All compenstation matters related to the Executive Director are evaluated and approved by the Board of Directors |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | All compensation matters related to employees are reviewed and approved by the Board of Directors. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | 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 | CEO executive director top management comp Part VI line 15a |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | Other officer or key employee compensation Part VI line 15b |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | 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/SubjectToProxyTaxInd | 0 | false |
| IRS990/TaxablePartyNotificationInd | 0 | false |
| IRS990/TaxExemptBondsInd | 0 | false |
| IRS990/TempOrPermanentEndowmentsInd | 0 | false |
| IRS990/TerminateOperationsInd | 0 | false |
| IRS990/TotalAssetsBOYAmt | 0 | 15406007 |
| IRS990/TotalAssetsEOYAmt | 0 | 15757554 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 15406007 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 15757554 |
| IRS990/TotalCompGreaterThan150KInd | 0 | false |
| IRS990/TotalContributionsAmt | 0 | 281456 |
| IRS990/TotalEmployeeCnt | 0 | 5 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 582762 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 555403 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 1138165 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 10374099 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 10990493 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 10374099 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 10990493 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 5031908 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 4767061 |
| IRS990/TotalOtherCompensationAmt | 0 | 0 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 555403 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 500000 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 139145 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 0 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 591862 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 873318 |
| IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 15406007 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 15757554 |
| IRS990/TotReportableCompRltdOrgAmt | 0 | 0 |
| IRS990/TravelGrp/ManagementAndGeneralAmt | 0 | 9612 |
| IRS990/TravelGrp/TotalAmt | 0 | 9612 |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | false |
| IRS990/UnrestrictedNetAssetsGrp/BOYAmt | 0 | 5031908 |
| IRS990/UnrestrictedNetAssetsGrp/EOYAmt | 0 | 4767061 |
| IRS990/UponRequestInd | 0 | X |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 10 |
| IRS990/VotingMembersIndependentCnt | 0 | 10 |
| IRS990/WhistleblowerPolicyInd | 0 | false |
| ReturnHeader/BuildTS | 0 | 2017-02-10 21:41:12Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | Jason P Smith |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | President and C |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 4055731900 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2017-02-14 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | Norman Economic Development Coaliti |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | NORM |
| ReturnHeader/Filer/EIN | 0 | 731503907 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 710 Asp Avenue Suite 100 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | Norman |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | OK |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 73069 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 731582690 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | dwg inc |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 1912 N Drexel Blvd |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | Oklahoma City |
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Displayed year
2016 • Form 990Detailed filing. Detailed filing data is available for this year.