Liabilities / Assets
82nd percentile
Higher debt load relative to assets than 82% of similar nonprofits.
990 • Fiscal year 2018 • EIN 73-1503907
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
82nd percentile
Higher debt load relative to assets than 82% of similar nonprofits.
Liabilities / Revenue
98th percentile
Higher debt load relative to revenue than 98% of similar nonprofits.
Net Margin
4th percentile
Higher net margin than 4% of similar nonprofits.
Top Officer Pay
19th percentile
Higher top officer pay than 19% of similar nonprofits.
Top officer pay equals 22.0% of source-year revenue.
Asset Growth
35th percentile
Faster asset growth than 35% of similar nonprofits.
Revenue Growth
2nd percentile
Faster revenue growth than 2% of similar nonprofits.
Assets
Down$15,859,023
Down $259,386 (-1.6%) from 2017
Net Assets
Down$6,996,261
Down $360,717 (-4.9%) from 2017
Liabilities
Up$8,862,762
Up $101,331 (+1.2%) from 2017
Revenue
Down$897,959
Down $2,615,533 (-74%) from 2017
Expenses
Up$1,258,676
Up $335,101 (+36%) from 2017
Net Income
Down-$360,717
Down $2,950,634 (-114%) from 2017
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 | $3,460,584 | $3,317,096 | ▼ $143,488 |
| Cash and Non-Interest-Bearing Accounts | $354,990 | $211,390 | ▼ $143,600 |
| Accounts Receivable | $240 | $28,559 | ▲ $28,319 |
| Prepaid Expenses and Deferred Charges | $2,105 | $2,288 | ▲ $183 |
| Total Assets | $16,118,409 | $15,859,023 | ▼ $259,386 |
| Other Assets Total | $12,300,490 | $12,299,690 | ▼ $800 |
| Liabilities | |||
| Mortgage Notes Payable Secured by Investment Property | $8,472,530 | $8,702,450 | ▲ $229,920 |
| Accounts Payable and Accrued Expenses | $56,490 | $97,812 | ▲ $41,322 |
| Deferred Revenue | $232,411 | $62,500 | ▼ $169,911 |
| Total Liabilities | $8,761,431 | $8,862,762 | ▲ $101,331 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $7,356,978 | $6,996,261 | ▼ $360,717 |
| Total Net Assets Fund Balance | $7,356,978 | $6,996,261 | ▼ $360,717 |
| Total Liabilities and Net Assets / Fund Balance | $16,118,409 | $15,859,023 | ▼ $259,386 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $3,015,258 | $859,803 | - |
| Other Land Buildings | $281,119 | - | - |
| Land | $16,207 | - | - |
| Equipment | $4,512 | $3,544 | - |
| Other Assets Org | $1,820 | - | - |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Jason P Smith | President and CEO | FT | $160,000 | $37,918 | $197,918 |
| Name | Title |
|---|---|
| Dan Quinn | Chairperson |
| Mike Fowler | Vice Chairman |
| Anil Gollahalli | Core Board Member |
| Jane Bowen | Core Board Member |
| Scott Martin | 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 | $907,873 |
| Salaries, Compensation, and Employee Benefits | $350,803 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Interest | $401,257 | - | - | $401,257 |
| Current Officers, Directors, Trustees, and Key Employees | - | $197,918 | - | $197,918 |
| Other Expenses | $164,486 | $5,000 | - | $164,486 |
| Depreciation Depletion | $106,445 | $1,566 | - | $108,011 |
| Other Salaries and Wages | - | $99,615 | - | $99,615 |
| Advertising | $98,109 | - | - | $98,109 |
| Other Employee Benefits | - | $35,540 | - | $35,540 |
| Fees for Services Accounting | - | $24,545 | - | $24,545 |
| Travel | - | $23,026 | - | $23,026 |
| Occupancy | - | $18,087 | - | $18,087 |
| Payroll Taxes | - | $17,730 | - | $17,730 |
| All Other Expenses | $5,362 | $9,456 | - | $14,818 |
| Office Expenses | $4,914 | $5,597 | - | $10,511 |
| Fees for Services Legal | $6,475 | $1,904 | - | $8,379 |
| Conferences and Meetings | $7,480 | - | - | $7,480 |
| Fees for Services Other | - | $6,075 | - | $6,075 |
| Insurance | - | $3,299 | - | $3,299 |
| Total Functional Expenses | $809,318 | $449,358 | $0 | $1,258,676 |
| Line Item | Amount |
|---|---|
| Total Expenses per Audited Statements | $1,388,712 |
| Expenses per Audited Statements | $1,258,676 |
| Total Expenses per Form 990 | $1,258,676 |
| Expenses Not Reported on Form 990 | $130,036 |
| 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.”
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 | 56490 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 97812 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 240 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 28559 |
| 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 | 98109 |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 98109 |
| IRS990/AllOtherContributionsAmt | 0 | 292380 |
| IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt | 0 | 9456 |
| IRS990/AllOtherExpensesGrp/ProgramServicesAmt | 0 | 5362 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 14818 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | false |
| IRS990/AuditCommitteeInd | 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 | 354990 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 211390 |
| IRS990/ChangeToOrgDocumentsInd | 0 | false |
| IRS990/CollectionsOfArtInd | 0 | false |
| IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt | 0 | 197918 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 197918 |
| IRS990/CompensationFromOtherSrcsInd | 0 | false |
| IRS990/CompensationProcessCEOInd | 0 | true |
| IRS990/CompensationProcessOtherInd | 0 | true |
| IRS990/ConferencesMeetingsGrp/ProgramServicesAmt | 0 | 7480 |
| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 7480 |
| IRS990/ConflictOfInterestPolicyInd | 0 | true |
| IRS990/ConservationEasementsInd | 0 | false |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | false |
| IRS990/CreditCounselingInd | 0 | false |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 292380 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 1556 |
| IRS990/CYOtherExpensesAmt | 0 | 907873 |
| IRS990/CYOtherRevenueAmt | 0 | 104023 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 500000 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | -360717 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 350803 |
| IRS990/CYTotalExpensesAmt | 0 | 1258676 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 897959 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | false |
| IRS990/DeductibleArtContributionInd | 0 | false |
| IRS990/DeductibleNonCashContriInd | 0 | false |
| IRS990/DeferredRevenueGrp/BOYAmt | 0 | 232411 |
| IRS990/DeferredRevenueGrp/EOYAmt | 0 | 62500 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | false |
| IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt | 0 | 1566 |
| IRS990/DepreciationDepletionGrp/ProgramServicesAmt | 0 | 106445 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 108011 |
| 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 | 809318 |
| IRS990/FamilyOrBusinessRlnInd | 0 | false |
| IRS990/FederalGrantAuditRequiredInd | 0 | false |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 24545 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 24545 |
| IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt | 0 | 1904 |
| IRS990/FeesForServicesLegalGrp/ProgramServicesAmt | 0 | 6475 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 8379 |
| IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt | 0 | 6075 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 6075 |
| 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/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 | Scott Martin |
| 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 | 197918 |
| 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/GamingActivitiesInd | 0 | false |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 10 |
| IRS990/GrantsToIndividualsInd | 0 | false |
| IRS990/GrantsToOrganizationsInd | 0 | false |
| IRS990/GrantToRelatedPersonInd | 0 | false |
| IRS990/GrossReceiptsAmt | 0 | 1027995 |
| IRS990/GrossRentsGrp/RealAmt | 0 | 153963 |
| 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 | 3299 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 3299 |
| IRS990/InterestGrp/ProgramServicesAmt | 0 | 401257 |
| IRS990/InterestGrp/TotalAmt | 0 | 401257 |
| IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt | 0 | 1556 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 1556 |
| IRS990/InvestmentInJointVentureInd | 0 | false |
| IRS990/IRPDocumentCnt | 0 | 0 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LandBldgEquipAccumDeprecAmt | 0 | 863347 |
| IRS990/LandBldgEquipBasisNetGrp/BOYAmt | 0 | 3460584 |
| IRS990/LandBldgEquipBasisNetGrp/EOYAmt | 0 | 3317096 |
| IRS990/LandBldgEquipCostOrOtherBssAmt | 0 | 4180443 |
| IRS990/LegalDomicileStateCd | 0 | OK |
| IRS990/LessRentalExpensesGrp/RealAmt | 0 | 130036 |
| 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 | 8472530 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt | 0 | 8702450 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 7356978 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 6996261 |
| IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt | 0 | 23927 |
| IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt | 0 | 23927 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NondeductibleContributionsInd | 0 | false |
| IRS990/OccupancyGrp/ManagementAndGeneralAmt | 0 | 18087 |
| IRS990/OccupancyGrp/TotalAmt | 0 | 18087 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 5597 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 4914 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 10511 |
| IRS990/OfficerMailingAddressInd | 0 | false |
| IRS990/OperateHospitalInd | 0 | false |
| IRS990/Organization501cInd | 0 | X |
| IRS990/OrganizationFollowsSFAS117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 12300490 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 12299690 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt | 0 | 35540 |
| IRS990/OtherEmployeeBenefitsGrp/TotalAmt | 0 | 35540 |
| IRS990/OtherExpensesGrp/Desc | 0 | Economic Summitt |
| IRS990/OtherExpensesGrp/Desc | 1 | Greater OKC Partnership |
| IRS990/OtherExpensesGrp/Desc | 2 | Strategic Plan |
| IRS990/OtherExpensesGrp/ManagementAndGeneralAmt | 0 | 5000 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 14790 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 164486 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 14790 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 5000 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 164486 |
| IRS990/OtherRevenueMiscGrp/BusinessCd | 0 | 900099 |
| IRS990/OtherRevenueMiscGrp/Desc | 0 | Other income |
| IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt | 0 | 80096 |
| IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt | 0 | 80096 |
| IRS990/OtherRevenueTotalAmt | 0 | 80096 |
| IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt | 0 | 99615 |
| IRS990/OtherSalariesAndWagesGrp/TotalAmt | 0 | 99615 |
| IRS990/PartialLiquidationInd | 0 | false |
| IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt | 0 | 17730 |
| IRS990/PayrollTaxesGrp/TotalAmt | 0 | 17730 |
| IRS990/PoliticalCampaignActyInd | 0 | false |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 2105 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 2288 |
| 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/PYContributionsGrantsAmt | 0 | 2871868 |
| IRS990/PYInvestmentIncomeAmt | 0 | 1417 |
| IRS990/PYOtherExpensesAmt | 0 | 572464 |
| IRS990/PYOtherRevenueAmt | 0 | 140207 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 500000 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | 2589917 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 351111 |
| IRS990/PYTotalExpensesAmt | 0 | 923575 |
| IRS990/PYTotalRevenueAmt | 0 | 3513492 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -360717 |
| IRS990/RegularMonitoringEnfrcInd | 0 | false |
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| IRS990/RentalIncomeOrLossGrp/RealAmt | 0 | 23927 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | false |
| IRS990/ReportLandBuildingEquipmentInd | 0 | true |
| IRS990/ReportOtherAssetsInd | 0 | true |
| IRS990/ReportOtherLiabilitiesInd | 0 | false |
| IRS990/ReportProgramRelatedInvstInd | 0 | false |
| IRS990/ScheduleBRequiredInd | 0 | false |
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| IRS990ScheduleD/BuildingsGrp/DepreciationAmt | 0 | 859803 |
| IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt | 0 | 3875061 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 4512 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 3544 |
| IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt | 0 | 8056 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 130036 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 1258676 |
| IRS990ScheduleD/LandGrp/BookValueAmt | 0 | 16207 |
| IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt | 0 | 16207 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 0 | 11578870 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 1 | 719000 |
| 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 | 130036 |
| IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt | 0 | 281119 |
| IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt | 0 | 281119 |
| IRS990ScheduleD/OtherRevenueAmt | 0 | 130036 |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 130036 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 897959 |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 3317096 |
| IRS990ScheduleD/TotalBookValueOtherAssetsAmt | 0 | 12299690 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 1258676 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 897959 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 1027995 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 1388712 |
| IRS990/ScheduleJRequiredInd | 0 | true |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt | 0 | 160000 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount | 0 | 32000 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt | 0 | 5918 |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm | 0 | Jason P Smith |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt | 0 | President and CEO |
| IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt | 0 | 197918 |
| 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 | 16118409 |
| IRS990/TotalAssetsEOYAmt | 0 | 15859023 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 16118409 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 15859023 |
| IRS990/TotalCompGreaterThan150KInd | 0 | true |
| IRS990/TotalContributionsAmt | 0 | 292380 |
| IRS990/TotalEmployeeCnt | 0 | 3 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 449358 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 809318 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 1258676 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 8761431 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 8862762 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 8761431 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 8862762 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 7356978 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 6996261 |
| IRS990/TotalOtherCompensationAmt | 0 | 0 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 809318 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 500000 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 197918 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 0 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 605579 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 897959 |
| IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt | 0 | 0 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 16118409 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 15859023 |
| IRS990/TotReportableCompRltdOrgAmt | 0 | 0 |
| IRS990/TravelGrp/ManagementAndGeneralAmt | 0 | 23026 |
| IRS990/TravelGrp/TotalAmt | 0 | 23026 |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | false |
| IRS990/UnrestrictedNetAssetsGrp/BOYAmt | 0 | 7356978 |
| IRS990/UnrestrictedNetAssetsGrp/EOYAmt | 0 | 6996261 |
| IRS990/UponRequestInd | 0 | X |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 10 |
| IRS990/VotingMembersIndependentCnt | 0 | 10 |
| IRS990/WhistleblowerPolicyInd | 0 | true |
| ReturnHeader/BuildTS | 0 | 2019-02-21 02:37:17Z |
| 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 | 2018-11-14 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | Norman Economic Development Coaliti |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | NORM |
| ReturnHeader/Filer/EIN | 0 | 731503907 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 128 E Main Street |
| ReturnHeader/Filer/USAddress/CityNm | 0 | Norman |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | OK |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 73069 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId | 0 | D578262287CCB386BE6448F5BCEE98BBA7982A6E |
| ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId | 0 | D578262287CCB386BE6448F5BCEE98BBA7982A6E |
| ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionId | 0 | 7337072019059uhkv1t3 |
| ReturnHeader/FilingSecurityInformation/FederalOriginalSubmissionIdDt | 0 | 2019-02-28 |
| ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd | 0 | P |
| ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt | 0 | 24.249.100.70 |
| ReturnHeader/FilingSecurityInformation/IPDt | 0 | 2019-02-28 |
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Displayed year
2018 • Form 990Detailed filing. Detailed filing data is available for this year.