Overview
What is The Alliance For Economic Development Of Oklahoma City Inc?
The Alliance for Economic Development of Oklahoma City Inc. is a nonprofit organization situated in Oklahoma City, Oklahoma. With a team of 15 individuals, its primary mission is to drive economic growth by fostering collaborations between private and public sectors. This collaboration aims to generate new job opportunities and facilitate urban redevelopment via consolidated and coordinated public agency economic development functions. In response to federal coronavirus relief funds received by the City of Oklahoma City in Fiscal 2022, the Alliance launched a new program. This program, funded by the City, offers assistance in various areas such as job training and placement, small business technical assistance and retrofits, minority business assistance, and non-profit assistance. The Alliance processes applications for funding and directly pays approved applicants, managing program-related costs and administrative fees under the City's oversight.
Official website here: www.theallianceokc.org
Is The Alliance For Economic Development Of Oklahoma City Inc legitimate?
The Alliance For Economic Development Of Oklahoma City Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. The Alliance For Economic Development Of Oklahoma City Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $600,624
Professional Fundraising Fees: $0
Other Salaries and Wages: $808,962
For more financial information, click here
Official website here: www.theallianceokc.org
What is the mission statement of The Alliance For Economic Development Of Oklahoma City Inc?
The Alliance for Economic Development of Oklahoma City Inc's mission is centered around fostering economic growth through collaborative efforts between private and public sectors. Their goal is to create new job opportunities and facilitate urban redevelopment by consolidating and coordinating the economic development functions of various public agencies. This collaboration aims to stimulate economic growth and improvement in the community.
In the context of recent events, the organization has taken on a new role in fiscal 2022, leveraging federal coronavirus relief funds (ARPA) to operate a fiscal recovery funds business support program. This program focuses on providing assistance in various areas, such as job training and placement, small business technical assistance and retrofits, minority business assistance, and non-profit assistance. These efforts are designed to support local businesses and communities in their recovery from the economic impact of the pandemic.
Official website here: www.theallianceokc.org
Who is the CEO of The Alliance For Economic Development Of Oklahoma City Inc?
Kenton Tsoodle is the Director of The Alliance For Economic Development Of Oklahoma City Inc.
Official website here: www.theallianceokc.org
What is the revenue of The Alliance For Economic Development Of Oklahoma City Inc?
The Alliance For Economic Development Of Oklahoma City Inc's revenue in 2022 was $10,951,032.
Official website here: www.theallianceokc.org
Who are the executives of The Alliance For Economic Development Of Oklahoma City Inc and what are their salaries?
The average compensation at The Alliance For Economic Development Of Oklahoma City Inc during 2022 was $93,972. There are 15 employees and 12 volunteers at The Alliance For Economic Development Of Oklahoma City Inc.
Here are 16 key members and their salaries:
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- Compensation: $106,538
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- Other: $6,366
Official website here: www.theallianceokc.org
Where can I find the form 990 for The Alliance For Economic Development Of Oklahoma City Inc?
The Alliance For Economic Development Of Oklahoma City Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.theallianceokc.org
Learn more at the official website: www.theallianceokc.org
Mission Statement of The Alliance For Economic Development Of Oklahoma City Inc
The Alliance for Economic Development of Oklahoma City Inc is committed to fostering economic growth through collaborations between private and public sectors. Their mission is to create new job opportunities and spearhead urban redevelopment by consolidating and coordinating the economic development functions of various public agencies. This approach aims to stimulate economic development and improve the overall economic health of the community. The organization serves as a bridge between various sectors, facilitating collaboration and ensuring that resources are used effectively to drive economic growth and development.
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Impact
October, 2024
The Alliance for Economic Development of Oklahoma City Inc. plays a significant role in enhancing the economic landscape of Oklahoma City through strategic collaborations between public and private entities. By fostering partnerships, the organization focuses on creating new job opportunities and facilitating urban redevelopment efforts.
One of its key initiatives involves managing the Coronavirus State and Local Fiscal Recovery Funds Business Support Programs, aimed at providing assistance in various areas, including job training and placement, technical support for small businesses, and resources for minority and nonprofit organizations. This program is particularly impactful as it directly supports small businesses and enhances the capacity of local entrepreneurs to thrive, especially in the wake of economic challenges posed by the pandemic.
Furthermore, the Alliance’s efforts in processing funding applications and dispersing grants bolster the local economy by ensuring that eligible businesses receive the resources they need to adapt and grow. This proactive approach not only contributes to immediate economic recovery but also lays the groundwork for sustained urban revitalization and the long-term economic health of Oklahoma City. Through these initiatives, The Alliance for Economic Development significantly influences community improvement and economic resilience in the region.
This information is meant to be a general summary of The Alliance For Economic Development Of Oklahoma City Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $265
- Program Service Revenue: $10,950,767
- Gross Receipts: $10,951,032
Assets and Liabilities:
- Total Assets: $9,043,375
- Total Liabilities: $0
- Net Assets: $9,043,375
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CITY OF OKC/ARPA
Revenue
$8,520,000
OCURA SERVICES
Revenue
$891,667
OKC/OCEDT SERVICES
Revenue
$831,462
OIA SERVICES
Revenue
$297,500
HOMELAND DEVELOPMENT
Revenue
$158,341
Organization Details
Founding Year
2011
Phone
(405) 604-6780Principal Officer
Kenton Tsoodle
Main Address
105 N HUDSON 101, OKLAHOMA CITY, OK, 73102
Website
www.theallianceokc.orgNTEE Category
Code: S20 - Community improvement
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