Overview
What is Oklahoma City Economic Development Foundation Inc?
Oklahoma City Economic Development Foundation Inc is a nonprofit organization situated in Oklahoma City, Oklahoma. The foundation's primary objective is to foster and enhance economic development activities in the region. To achieve this, they have entered into three professional service agreements with the city. The first agreement aims to promote a favorable business climate, while the second establishs the Oklahoma City Film & Creative Industries Office to cultivate the growth of the film, music, and other creative industries within the city. Lastly, they receive ARPA recovery funds to fund tourism recovery programs. The foundation's ultimate goal is to create new job opportunities and payroll within the Oklahoma City region.
Is Oklahoma City Economic Development Foundation Inc legitimate?
Oklahoma City Economic Development Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Oklahoma City Economic Development Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Oklahoma City Economic Development Foundation Inc?
The Oklahoma City Economic Development Foundation Inc's mission is centered around stimulating job creation and boosting local payroll. To achieve this, the organization engages in various activities. One such activity involves promoting and fostering a favorable business environment to enhance and expand economic development activities. Another initiative focuses on establishing a film and creative industries office, aiming to cultivate growth in the film, music, and other creative industries within the city. Additionally, the foundation utilizes funds to support tourism recovery programs, further contributing to the region's economic development.
Who is the CEO of Oklahoma City Economic Development Foundation Inc?
Gillenwater Christy is the CEO of Oklahoma City Economic Development Foundation Inc The CEO's salary of Oklahoma City Economic Development Foundation Inc is $0 and their total compensation is $448,537.
What is the revenue of Oklahoma City Economic Development Foundation Inc?
Oklahoma City Economic Development Foundation Inc's revenue in 2023 was $4,711,956.
Who are the executives of Oklahoma City Economic Development Foundation Inc and what are their salaries?
There 15 volunteers at Oklahoma City Economic Development Foundation Inc.
Here are 16 key members and their salaries (Oklahoma City Economic Development Foundation Inc's CEO's salary is $0 and their total compensation is $448,537):
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- Related: $415,646
- Other: $32,891
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- Compensation: $0
- Related: $281,749
- Other: $24,073
Where can I find the form 990 for Oklahoma City Economic Development Foundation Inc?
Oklahoma City Economic Development Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Oklahoma City Economic Development Foundation Inc
The Oklahoma City Economic Development Foundation Inc is committed to fostering the creation of new job opportunities and payroll within the Oklahoma City region. To achieve this mission, the organization has entered into several professional service agreements, one of which is aimed at promoting and enhancing economic development activities by creating a positive business climate. Another contract focuses on establishing the Oklahoma City Film & Creative Industries Office, an initiative that cultivates the growth of the film, music, and other creative and support industries within the city. Lastly, the Foundation secures ARPA recovery funds to support tourism recovery programs. By engaging in these activities, the Oklahoma City Economic Development Foundation Inc is playing a significant role in boosting economic growth and job creation within the region.
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Impact
October, 2024
The Oklahoma City Economic Development Foundation Inc plays a significant role in bolstering the local economy by creating new jobs and enhancing payroll within the Oklahoma City region. Through strategic partnerships with the City of Oklahoma City, the Foundation engages in a variety of initiatives aimed at fostering a vibrant business climate.
One of its key activities involves promoting economic development, ensuring that Oklahoma City remains an attractive destination for businesses to thrive. By cultivating favorable conditions for growth, the Foundation helps to attract investments and stimulate the local economy, which in turn generates new employment opportunities.
In addition to general economic development, the Foundation has spearheaded the establishment of the Oklahoma City Film & Creative Industries Office. This initiative aims to nurture and expand the film, music, and other creative sectors within the city, further diversifying the economic landscape and providing new avenues for job creation.
Moreover, the Foundation is actively involved in tourism recovery efforts by managing projects funded through ARPA recovery funds. This support for tourism not only helps to revitalize the sector post-pandemic but also contributes to the overall economic resilience of Oklahoma City.
Overall, the Oklahoma City Economic Development Foundation Inc is instrumental in driving economic growth, creating jobs, and enhancing the community's quality of life through its multifaceted initiatives.
This information is meant to be a general summary of Oklahoma City Economic Development Foundation 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: $29,930
- Program Service Revenue: $2,997,493
- Gross Receipts: $4,711,956
Assets and Liabilities:
- Total Assets: $2,560,120
- Total Liabilities: $1,247,284
- Net Assets: $1,312,836
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACT REVENUE
Revenue
$2,837,730
RENTAL INCOME
Revenue
$100,000
MEMBERSHIP DUES
Revenue
$58,763
PROGRAM & ACTIVITY
Revenue
$1,000
Organization Details
Founding Year
1981
Principal Officer
Gillenwater Christy
NTEE Category
Code: S11 - Community improvement
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