Overview
What is Tulsa Economic Development Corporation?
Tulsa Economic Development Corporation (TEDC) is a nonprofit organization situated in Tulsa, Oklahoma. Established in 1979 with a mission to promote and sustain the growth of small businesses in the city, TEDC continues to fulfill this role today. Funded primarily through reimbursements from the U.S. Department of Housing & Urban Development's Community Development Block Grant (CDBG) program, as a sub-recipient of the City of Tulsa, TEDC manages project delivery costs. With a dedicated workforce of 26 employees, TEDC serves as a vital catalyst for the development and success of small businesses in Tulsa.
Official website here: www.tedcnet.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Tulsa Economic Development Corporation has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. With a perfect score of 100% in several key areas, including the independence of its board members and financial oversight, the organization demonstrates a high level of transparency and sound financial management.
The score is primarily based on the organization's accountability and finance metrics, where it notably excels with a program expense ratio of 95.86%. This indicates that a significant portion of its funds is allocated directly toward its programs, rather than administrative costs. The presence of policies like conflict of interest and whistleblower protections further reinforces the integrity of its operations.
While the organization has shown excellent financial health and governance practices, the summary does not provide insight into its programmatic impact or community outcomes. Potential donors and stakeholders may want to seek additional information on how effectively the organization meets its mission objectives. Overall, the Tulsa Economic Development Corporation stands out for its financial accountability and governance.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Tulsa Economic Development Corporation?
100% of reviewers on Facebook recommend the Tulsa Economic Development Corporation, showcasing strong support for the organization. Here’s a summary of their reviews:
Reviewers consistently highlight TEDC's commitment to supporting small businesses, noting its effective training programs and valuable insights for business development. Many express appreciation for the organization's role as a reliable resource for entrepreneurs, helping them navigate the challenges of starting and growing their businesses.
Overall, the sentiment is overwhelmingly positive, reflecting a deep appreciation for TEDC’s efforts in fostering a thriving small business community in Tulsa. The dedication to championing small businesses and delivering practical assistance has clearly made a positive impact on its users.
This AI summary has been generated from reviews found on Facebook.
Is Tulsa Economic Development Corporation legitimate?
Tulsa Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tulsa Economic Development Corporation 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: $220,659
Professional Fundraising Fees: $51,080
Other Salaries and Wages: $1,127,332
For more financial information, click here
Official website here: www.tedcnet.com
What is the mission statement of Tulsa Economic Development Corporation?
The Tulsa Economic Development Corporation, established in 1979, is dedicated to fostering and sustaining the expansion of small businesses. As its mission, the organization aims to promote the growth of local businesses, serving as a catalyst for economic development. Funding for TEDC's activities comes from the U.S. Department of Housing & Urban Development's CDBG program, which provides reimbursements for project delivery costs.
Official website here: www.tedcnet.com
Who is the CEO of Tulsa Economic Development Corporation?
Rose Washington is the Executive Director of Tulsa Economic Development Corporation.
Official website here: www.tedcnet.com
What is the revenue of Tulsa Economic Development Corporation?
Tulsa Economic Development Corporation's revenue in 2022 was $6,170,732.
Official website here: www.tedcnet.com
Who are the executives of Tulsa Economic Development Corporation and what are their salaries?
The average compensation at Tulsa Economic Development Corporation during 2022 was $51,846. There are 26 employees and 15 volunteers at Tulsa Economic Development Corporation.
Here are 16 key members and their salaries:
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- Compensation: $185,000
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- Other: $22,196
Official website here: www.tedcnet.com
Where can I find the form 990 for Tulsa Economic Development Corporation?
Tulsa Economic Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tedcnet.com
Learn more at the official website: www.tedcnet.com
Mission Statement of Tulsa Economic Development Corporation
Tulsa Economic Development Corporation, established in 1979, is an organization with a mission centered on fostering and sustaining the growth of small businesses in the city. This nonprofit corporation, known as TEDC, plays a crucial role in promoting a thriving small business community within Tulsa. Funded through the U.S. Department of Housing & Urban Development's Community Development Block Grant (CDBG) program, TEDC receives reimbursements for project delivery costs, which further supports its mission. TEDC's activities are geared towards ensuring the prosperity of small businesses in the city, thereby contributing to Tulsa's overall economic growth.
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Impact
July, 2024
Tulsa Economic Development Corporation promotes and sustains small business growth in Tulsa. TEDC works towards this mission by receiving funding from the U.S. Department of Housing & Urban Development's CDBG program as a City of Tulsa sub-recipient. This funding includes reimbursements for project delivery costs. Founded in 1979, TEDC plays a vital role in the economic development of Tulsa by supporting the growth of small businesses in the community.
This information is meant to be a general summary of Tulsa Economic Development Corporation. 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: $399,515
- Program Service Revenue: $672,627
- Gross Receipts: $6,195,130
Assets and Liabilities:
- Total Assets: $38,001,915
- Total Liabilities: $12,800,998
- Net Assets: $25,200,917
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Fee Income
Revenue
$421,622
Rental Income
Revenue
$251,005
Organization Details
Founding Year
1979
Phone
(918) 585-8332Principal Officer
Rose Washington
Main Address
125 West Third Street Second Floor, Tulsa, OK, 74103
Website
www.tedcnet.comNTEE Category
Code: S430 - Community improvement
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