Overview
What is Oklahoma City Innovation District Inc?
Oklahoma City Innovation District Inc is a nonprofit organization situated in Oklahoma City, Oklahoma. Its primary objective is to foster a collaborative environment, bringing together distinguished minds from various sectors such as health, energy, aerospace, technology, academia, and more. By doing so, the organization aims to catalyze world-changing outcomes. As a partner and service provider, Oklahoma City Innovation District Inc contributes to a unified vision and strategy for the development of a vibrant and cohesive innovation district. With a team of eight dedicated individuals, the organization offers opportunities for entrepreneurship, innovation, and community growth within this dynamic district.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Zero-Star out of Four Star rating (42%)
Oklahoma City Innovation District Inc has received a zero-star rating from Charity Navigator, indicating significant concerns about its accountability and financial practices. While the organization has a fully independent board and scores well in areas like audit oversight, the overall financial health reflects serious weaknesses, particularly in its program expense ratio and high liabilities to assets ratio.
The nonprofit has a program expense ratio of only 43.40%, which suggests that a limited portion of its expenditures is directed towards its core mission-related activities. Additionally, the organization has not provided essential governance documents such as a conflict of interest policy or a whistleblower policy, which are critical for maintaining transparency and trust with donors and stakeholders.
Despite some strengths in governance structure, the absence of key financial and operational transparency elements raises questions about the organization's overall effectiveness and sustainability. The lack of a website listed on its tax form further adds to concerns regarding its accessibility and accountability to the public.
This AI summary has been generated from information found on Charity Navigator.
Is Oklahoma City Innovation District Inc legitimate?
Oklahoma City Innovation District Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Oklahoma City Innovation District 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: $160,192
Professional Fundraising Fees: $0
Other Salaries and Wages: $584,428
For more financial information, click here
What is the mission statement of Oklahoma City Innovation District Inc?
The Oklahoma City Innovation District Inc's mission is centered around fostering collaboration among top-tier minds across various sectors, including health, energy, aerospace, technology, and academia. The organization aims to generate world-changing results by providing opportunities for entrepreneurship, innovation, and community growth. By housing internationally renowned organizations, it serves as a platform that encourages collaboration and development in these diverse fields. The Innovation District also partners with other entities to create a unified vision and strategy for the development of a vibrant and cohesive innovation hub.
Who is the CEO of Oklahoma City Innovation District Inc?
Cathy O'Connor is the CEO of Oklahoma City Innovation District Inc The CEO's salary of Oklahoma City Innovation District Inc is $0 and their total compensation is $0.
What is the revenue of Oklahoma City Innovation District Inc?
Oklahoma City Innovation District Inc's revenue in 2023 was $1,581,259.
Who are the executives of Oklahoma City Innovation District Inc and what are their salaries?
The average compensation at Oklahoma City Innovation District Inc during 2023 was $67,693. There are 11 employees and 64 volunteers at Oklahoma City Innovation District Inc.
Here are 16 key members and their salaries (Oklahoma City Innovation District Inc's CEO's salary is $0 and their total compensation is $0):
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- Other: $0
- Compensation: $158,442
- Related: $0
- Other: $15,426
- Compensation: $162,448
- Related: $0
- Other: $29,331
- Compensation: $132,509
- Related: $0
- Other: $9,796
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- Other: $0
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- Other: $0
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- Other: $0
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- Compensation: $0
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- Other: $0
Where can I find the form 990 for Oklahoma City Innovation District Inc?
Oklahoma City Innovation District Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Oklahoma City Innovation District Inc
Oklahoma City Innovation District Inc's mission is centered around bringing together the brightest minds from various sectors, fostering a collaborative environment that leads to groundbreaking outcomes. This nonprofit organization serves as a hub for internationally recognized organizations spanning Oklahoma's diverse fields, including health, energy, aerospace, technology, academia, and more. By providing opportunities for entrepreneurship, innovation, and community growth, Oklahoma City Innovation District Inc strives to yield world-changing results. The organization's goal is to create a unified vision and strategy for the development of a vibrant and cohesive innovation district, partnering with and offering services to other entities to accomplish this.
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Impact
July, 2024
Oklahoma City Innovation District Inc's impact can be seen in its mission to bring together the greatest minds in total collaboration, yielding world-changing results. By providing opportunities for entrepreneurship, innovation, and community growth, the Innovation District is home to internationally acclaimed organizations spanning Oklahoma's diverse sectors such as health, energy, aerospace, technology, academia, and more. Through partnerships and services offered to other entities, the organization contributes towards creating a unified vision and strategy for the development of a vibrant, cohesive innovation district in Oklahoma City.
This information is meant to be a general summary of Oklahoma City Innovation District 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 2023.
- Investment Income: $39,033
- Program Service Revenue: $205,995
- Gross Receipts: $1,581,259
Assets and Liabilities:
- Total Assets: $1,748,491
- Total Liabilities: $117,260
- Net Assets: $1,631,231
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$200,000
INNOVATION SYMPOSIUM
Revenue
$5,995
Organization Details
Founding Year
1965
Principal Officer
Cathy O'Connor
NTEE Category
Code: E00J - Health
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