Civic Intelligence

Norman Economic Development Coalition Inc

990 • Fiscal year 2023 • EIN 73-1503907

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 14, 2024

Organization ProfileSELECTNORMAN.COM

View Organization Page

424 West Main StNorman, OK 73069

(405) 573-1900

Siviq Scores

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

Liabilities / Assets

9th percentile

0.01x

Higher debt load relative to assets than 9% of similar nonprofits.

2023 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

12th percentile

0.06x

Higher debt load relative to revenue than 12% of similar nonprofits.

2023 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2023

Net Margin

87th percentile

27%

Higher net margin than 87% of similar nonprofits.

2023 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

30th percentile

$279,128

Higher top officer pay than 30% of similar nonprofits.

Top officer pay equals 16.9% of source-year revenue.

2023 filings • 501(c)6 • $10M-$25M nonprofits • Source year 2023

Asset Growth

37th percentile

4.0%

Faster asset growth than 37% of similar nonprofits.

2023 filings • 501(c)6 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

87th percentile

28%

Faster revenue growth than 87% of similar nonprofits.

2023 filings • 501(c)6 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets9th percentile

Assets

Up

$11,594,377

Up $444,488 (+4.0%) from 2022

Net Assets

Up

$11,496,488

Up $438,827 (+4.0%) from 2022

Liabilities

Up

$97,889

Up $5,661 (+6.1%) from 2022

Revenue And Expenses
Liabilities / Revenue12th percentileNet Margin87th percentile

Revenue

Up

$1,649,929

Up $362,380 (+28%) from 2022

Expenses

Up

$1,211,102

Up $726,418 (+150%) from 2022

Net Income

Down

$438,827

Down $364,038 (-45%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth37th 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

2023

Assets$11,594,377
Liabilities$97,889
Net Assets$11,496,488
Open 2023 Filing

Operations Trend

Revenue Growth87th 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

2023

Revenue$1,649,929
Expenses$1,211,102
Net Income$438,827
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 14, 2024
Return Version
2023v5.0
Gross Receipts
$1,946,691
Mission and Program Overview

Mission

Promotion of Economic Development

Improving the quality of life of norman, oklahoma residents through the creation and retention of jobs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,756,900$4,326,815▲ $1,569,915
Savings and Temporary Cash Investments$1,543,776$1,020,410▼ $523,366
Cash and Non-Interest-Bearing Accounts$1,013,427$473,733▼ $539,694
Accounts Receivable$62,750$7,204▼ $55,546
Prepaid Expenses and Deferred Charges$1,845$1,844▼ $1
Total Assets$11,149,889$11,594,377▲ $444,488
Other Assets Total$5,771,191$5,764,371▼ $6,820
Liabilities
Deferred Revenue$62,500$62,500→ $0
Accounts Payable and Accrued Expenses$29,728$35,389▲ $5,661
Total Liabilities$92,228$97,889▲ $5,661
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$11,057,661$11,496,488▲ $438,827
Total Net Assets Fund Balance$11,057,661$11,496,488▲ $438,827
Total Liabilities and Net Assets / Fund Balance$11,149,889$11,594,377▲ $444,488

Asset Categories

AssetBook ValueDepreciationBasis
Land$147,000-$147,000
Other Assets Org$5,764,371--
Compensation and Service Providers
Top Officer Pay30th percentile

Employees

NameTitleBaseOtherTotal
Lawrence MckinneyPresident$268,392$10,736$279,128

Board Members and Trustees

NameTitle
Patrick GraceChairperson
David NimmoVice Chairma
Brian HolderreadCore Board M
Brian RuttmanCore Board M
Darrel PyleCore Board M
Rod ClevelandCore Board M
Scott MartinCore Board M
Casey VinyardMember at La
Jim AdairMember at La
Chuck ThompsonSecretary/tr
Revenue and Support

Revenue Composition

Contributions and Grants
$1,021,974
Program Service Revenue
$437,500
Investment Income
$35,824
Other Revenue
$154,631
All Other Contributions
$21,974
Change in Net Assets
$438,827
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$724,484
Salaries, Compensation, and Employee Benefits$486,618
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$437,099--$437,099
Occupancy$134,393--$134,393
Depreciation Depletion$85,533--$85,533
Insurance$81,110--$81,110
Office Expenses$36,870--$36,870
Other Expenses$33,202--$33,202
Information Technology$29,474--$29,474
Payroll Taxes$27,384--$27,384
Conferences and Meetings$27,157--$27,157
Fees for Services Accounting$19,060--$19,060
All Other Expenses$18,500--$18,500
Fees for Services Legal$12,785--$12,785
Pension Plan Contributions$11,863--$11,863
Travel$11,649--$11,649
Other Employee Benefits$10,272--$10,272
Advertising$7,266--$7,266
Fees for Services Other$415--$415
Total Functional Expenses$1,211,102$0$0$1,211,102
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$298,103
Fundraising Direct Expenses$293,621
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Sooner Centurio$298,103$298,103$293,621$4,482
Total Events$298,103$298,103$293,621$4,482
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 12C

“Y”

Form 990, Page 6, Part VI, Line 15B

“DHDHDHD”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name
Norman Economic Development Coaliti
EIN
73-1503907
Phone
4055731900
Address
424 WEST MAIN ST, NORMAN, OK 73069

Signing Officer

Name
Lawrence Mckinney
Title
President
Phone
4053217260
Signed
2024-11-14

Organization Details

Principal Officer
Lawrence Mckinney
Formed
1996
Legal Domicile
Ok
Voting Board Members
10
Independent Board Members
10
Employees
5
Volunteers
11

Preparer

Firm
Harrison Henderson Pllc
Address
131 E MAIN ST STE 201, NORMAN, OK 73069
Preparer
Joel Gulledge CPA
Phone
4053293110
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4D

“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.”

Raw XML Appendix381 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt029728
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt035389
IRS990/AccountsReceivableGrp/BOYAmt062750
IRS990/AccountsReceivableGrp/EOYAmt07204
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0IMPROVING THE QUALITY OF LIFE OF NORMAN, OKLAHOMA RESIDENTS THROUGH THE CREATION AND RETENTION OF JOBS.
IRS990/AdvertisingGrp/ProgramServicesAmt07266
IRS990/AdvertisingGrp/TotalAmt07266
IRS990/AllOtherContributionsAmt021974
IRS990/AllOtherExpensesGrp/ProgramServicesAmt018500
IRS990/AllOtherExpensesGrp/TotalAmt018500
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/PersonNm0LAWRENCE MCKINNEY
IRS990/BooksInCareOfDetail/PhoneNum04055731900
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0424 W MAIN ST
IRS990/BooksInCareOfDetail/USAddress/CityNm0NORMAN
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0OK
IRS990/BooksInCareOfDetail/USAddress/ZIPCd073069
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt01013427
IRS990/CashNonInterestBearingGrp/EOYAmt0473733
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0true
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt027157
IRS990/ConferencesMeetingsGrp/TotalAmt027157
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01021974
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt035824
IRS990/CYOtherExpensesAmt0724484
IRS990/CYOtherRevenueAmt0154631
IRS990/CYProgramServiceRevenueAmt0437500
IRS990/CYRevenuesLessExpensesAmt0438827
IRS990/CYSalariesCompEmpBnftPaidAmt0486618
IRS990/CYTotalExpensesAmt01211102
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01649929
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt062500
IRS990/DeferredRevenueGrp/EOYAmt062500
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt085533
IRS990/DepreciationDepletionGrp/TotalAmt085533
IRS990/Desc0ENCOURAGING 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/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt05
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt019060
IRS990/FeesForServicesAccountingGrp/TotalAmt019060
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt012785
IRS990/FeesForServicesLegalGrp/TotalAmt012785
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0415
IRS990/FeesForServicesOtherGrp/TotalAmt0415
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/HighestCompensatedEmployeeInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt010736
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/PersonNm0LAWRENCE MCKINNEY
IRS990/Form990PartVIISectionAGrp/PersonNm1JIM ADAIR
IRS990/Form990PartVIISectionAGrp/PersonNm2ROD CLEVELAND
IRS990/Form990PartVIISectionAGrp/PersonNm3BRIAN HOLDERREAD
IRS990/Form990PartVIISectionAGrp/PersonNm4SCOTT MARTIN
IRS990/Form990PartVIISectionAGrp/PersonNm5DARREL PYLE
IRS990/Form990PartVIISectionAGrp/PersonNm6BRIAN RUTTMAN
IRS990/Form990PartVIISectionAGrp/PersonNm7CASEY VINYARD
IRS990/Form990PartVIISectionAGrp/PersonNm8PATRICK GRACE
IRS990/Form990PartVIISectionAGrp/PersonNm9DAVID NIMMO
IRS990/Form990PartVIISectionAGrp/PersonNm10CHUCK THOMPSON
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0268392
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1MEMBER AT LA
IRS990/Form990PartVIISectionAGrp/TitleTxt2CORE BOARD M
IRS990/Form990PartVIISectionAGrp/TitleTxt3CORE BOARD M
IRS990/Form990PartVIISectionAGrp/TitleTxt4CORE BOARD M
IRS990/Form990PartVIISectionAGrp/TitleTxt5CORE BOARD M
IRS990/Form990PartVIISectionAGrp/TitleTxt6CORE BOARD M
IRS990/Form990PartVIISectionAGrp/TitleTxt7MEMBER AT LA
IRS990/Form990PartVIISectionAGrp/TitleTxt8CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt9VICE CHAIRMA
IRS990/Form990PartVIISectionAGrp/TitleTxt10SECRETARY/TR
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01996
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0true
IRS990/FundraisingDirectExpensesAmt0293621
IRS990/FundraisingGrossIncomeAmt0298103
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt010
IRS990/GovernmentGrantsAmt01000000
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01946691
IRS990/GrossRentsGrp/RealAmt062050
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt010
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt029474
IRS990/InformationTechnologyGrp/TotalAmt029474
IRS990/InitialReturnInd0X
IRS990/InsuranceGrp/ProgramServicesAmt081110
IRS990/InsuranceGrp/TotalAmt081110
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt035824
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt035824
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt012
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0240209
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02756900
IRS990/LandBldgEquipBasisNetGrp/EOYAmt04326815
IRS990/LandBldgEquipCostOrOtherBssAmt04567024
IRS990/LegalDomicileStateCd0OK
IRS990/LessRentalExpensesGrp/RealAmt03141
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0IMPROVING THE QUALITY OF LIFE OF NORMAN RESIDENTS THROUGH THE CREATION AND RETENTION OF JOBS.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt011057661
IRS990/NetAssetsOrFundBalancesEOYAmt011496488
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt04482
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt058909
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt058909
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt011057661
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt011496488
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt0134393
IRS990/OccupancyGrp/TotalAmt0134393
IRS990/OfficeExpensesGrp/ProgramServicesAmt036870
IRS990/OfficeExpensesGrp/TotalAmt036870
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt05771191
IRS990/OtherAssetsTotalGrp/EOYAmt05764371
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt010272
IRS990/OtherEmployeeBenefitsGrp/TotalAmt010272
IRS990/OtherExpensesGrp/Desc0VISION AND LEADERSHIP
IRS990/OtherExpensesGrp/Desc1PLACEMAKING
IRS990/OtherExpensesGrp/Desc2REGIONAL PARTNERSHIPS
IRS990/OtherExpensesGrp/Desc3MOWING AND LANDSCAPE
IRS990/OtherExpensesGrp/ProgramServicesAmt097796
IRS990/OtherExpensesGrp/ProgramServicesAmt190971
IRS990/OtherExpensesGrp/ProgramServicesAmt238303
IRS990/OtherExpensesGrp/ProgramServicesAmt333202
IRS990/OtherExpensesGrp/TotalAmt097796
IRS990/OtherExpensesGrp/TotalAmt190971
IRS990/OtherExpensesGrp/TotalAmt238303
IRS990/OtherExpensesGrp/TotalAmt333202
IRS990/OtherRevenueMiscGrp/BusinessCd0541900
IRS990/OtherRevenueMiscGrp/Desc0INCENTIVE REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt091240
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt091240
IRS990/OtherRevenueTotalAmt091240
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0437099
IRS990/OtherSalariesAndWagesGrp/TotalAmt0437099
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt027384
IRS990/PayrollTaxesGrp/TotalAmt027384
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt011863
IRS990/PensionPlanContributionsGrp/TotalAmt011863
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01845
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01844
IRS990/PrincipalOfficerNm0LAWRENCE MCKINNEY
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0541900
IRS990/ProgramServiceRevenueGrp/Desc0CONTRACT SERVICES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0437500
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0437500
IRS990/ProgSrvcAccomActyOtherGrp/Desc0ENCOURAGING 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/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01011547
IRS990/PYInvestmentIncomeAmt013494
IRS990/PYOtherExpensesAmt0263449
IRS990/PYOtherRevenueAmt075008
IRS990/PYProgramServiceRevenueAmt0187500
IRS990/PYRevenuesLessExpensesAmt0802865
IRS990/PYSalariesCompEmpBnftPaidAmt0221235
IRS990/PYTotalExpensesAmt0484684
IRS990/PYTotalRevenueAmt01287549
IRS990/ReconcilationRevenueExpnssAmt0438827
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt058909
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01543776
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01020410
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/LandGrp/BookValueAmt0147000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0147000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt05764371
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0LAND HELD FOR RESALE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0147000
IRS990ScheduleD/TotalBookValueOtherAssetsAmt05764371
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0293621
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0SOONER CENTURIO
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0298103
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0298103
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0298103
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0298103
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt04482
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt0293621
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt0293621
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0268392
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt010736
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0LAWRENCE MCKINNEY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0279128
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ENCOURAGING 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Y
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DHDHDHD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0OK
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt011149889
IRS990/TotalAssetsEOYAmt011594377
IRS990/TotalAssetsGrp/BOYAmt011149889
IRS990/TotalAssetsGrp/EOYAmt011594377
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt01021974
IRS990/TotalEmployeeCnt05
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01211102
IRS990/TotalFunctionalExpensesGrp/TotalAmt01211102
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt092228
IRS990/TotalLiabilitiesEOYAmt097889
IRS990/TotalLiabilitiesGrp/BOYAmt092228
IRS990/TotalLiabilitiesGrp/EOYAmt097889
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt011057661
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt011496488
IRS990/TotalOtherCompensationAmt010736
IRS990/TotalProgramServiceRevenueAmt0437500
IRS990/TotalReportableCompFromOrgAmt0268392
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0623473
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01649929
IRS990/TotalVolunteersCnt011
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt011149889
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt011594377
IRS990/TravelGrp/ProgramServicesAmt011649
IRS990/TravelGrp/TotalAmt011649
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0424 W MAIN ST
IRS990/USAddress/CityNm0NORMAN
IRS990/USAddress/StateAbbreviationCd0OK
IRS990/USAddress/ZIPCd073069
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt010
IRS990/WebsiteAddressTxt0SELECTNORMAN.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0LAWRENCE MCKINNEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04053217260
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NORMAN ECONOMIC DEVELOPMENT COALITI
ReturnHeader/Filer/BusinessNameControlTxt0NORM
ReturnHeader/Filer/EIN0731503907
ReturnHeader/Filer/PhoneNum04055731900
ReturnHeader/Filer/USAddress/AddressLine1Txt0424 WEST MAIN ST
ReturnHeader/Filer/USAddress/CityNm0NORMAN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OK
ReturnHeader/Filer/USAddress/ZIPCd073069
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0464209496
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HARRISON HENDERSON PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0131 E MAIN ST STE 201
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NORMAN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd073069
ReturnHeader/PreparerPersonGrp/PhoneNum04053293110
ReturnHeader/PreparerPersonGrp/PreparationDt02024-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JOEL GULLEDGE CPA
ReturnHeader/ReturnTs02024-11-15T10:52:34-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$11,594,377
Liabilities
$97,889
Net assets
$11,496,488
Revenue
$1,649,929
Expenses
$1,211,102
Net income
$438,827
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