Norman Economic Development Coaliti

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 731503907 ✦ Norman, OK ✦ Designated as a 501(c)(6)

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Overview

What is Norman Economic Development Coaliti?

The Norman Economic Development Coalition, situated in Norman, Oklahoma, is a nonprofit organization with a mission to enhance the city's economic base. They achieve this by supporting the expansion of existing businesses and industries and attracting new ones. The ultimate goal is to improve the quality of life for Norman residents by creating and retaining jobs, as stated in their mission and activity description. With a team of four dedicated individuals, they work tirelessly to contribute to the city's economic growth and prosperity.


Official website here: www.selectnorman.com

Is Norman Economic Development Coaliti legitimate?

Norman Economic Development Coaliti is a legitimate nonprofit organization registered as a 501(c)(6) entity. Norman Economic Development Coaliti 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: $109,166
Professional Fundraising Fees: $0
Other Salaries and Wages: $82,416

For more financial information, click here


Official website here: www.selectnorman.com

What is the mission statement of Norman Economic Development Coaliti?

The Norman Economic Development Coalition, in its mission, strives to enhance the living standards of its community members by fostering the growth and preservation of employment opportunities. This is achieved through encouraging the expansion of the local economic landscape, both by supporting existing businesses and industries and attracting new ones. The ultimate goal is to contribute positively to Norman's economic growth, thereby improving the overall quality of life for its residents.


Official website here: www.selectnorman.com

Who is the CEO of Norman Economic Development Coaliti?

Lawrence Mckinney is the President/Ce of Norman Economic Development Coaliti.


Official website here: www.selectnorman.com

What is the revenue of Norman Economic Development Coaliti?

Norman Economic Development Coaliti's revenue in 2022 was $1,287,549.


Official website here: www.selectnorman.com

Who are the executives of Norman Economic Development Coaliti and what are their salaries?

The average compensation at Norman Economic Development Coaliti during 2022 was $47,896. There are 4 employees and 10 volunteers at Norman Economic Development Coaliti.


Here are 11 key members and their salaries:


Lawrence Mckinney (President/Ce)
  • Compensation: $249,166
  • Related: $0
  • Other: $9,900
Patrick Grace (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Nimmo (Vice Chairma)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chuck Thompson (Secretary/Tr)
  • Compensation: $0
  • Related: $0
  • Other: $0
Darrel Pyle (Core Board M)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Holderread (Core Board M)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Ruttman (Core Board M)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Martin (Core Board M)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Adair (Member At La)
  • Compensation: $0
  • Related: $0
  • Other: $0
Casey Vinyard (Member At La)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rod Cleveland (Core Board M)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.selectnorman.com

Where can I find the form 990 for Norman Economic Development Coaliti?

Norman Economic Development Coaliti's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.selectnorman.com

Learn more at the official website: www.selectnorman.com

Mission Statement of Norman Economic Development Coaliti

The Norman Economic Development Coalition, a notable organization, is committed to enhancing the lives of Norman residents. Their primary mission revolves around the creation and retention of job opportunities within the community. By encouraging the expansion of the economic base, this coalition aims to benefit the residents of Norman, Oklahoma, in a substantial way. They achieve this by fostering the growth of existing businesses and industries, as well as attracting new ones to the area. The ultimate goal is to improve the overall quality of life for the residents of Norman, making it a more prosperous and desirable place to live and work.

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Impact




October, 2024

The Norman Economic Development Coalition significantly enhances the quality of life for residents in Norman, Oklahoma, by focusing on the creation and retention of jobs. Through initiatives aimed at expanding the economic base, the Coalition plays a crucial role in promoting the retention of existing businesses and attracting new industries to the area. This strategic focus not only boosts local employment opportunities but also fosters community improvement, contributing to a vibrant and sustainable economic environment. By prioritizing job creation and industrial growth, the Coalition ensures that the benefits are felt broadly within the community, enhancing overall prosperity and well-being for all residents.




This information is meant to be a general summary of Norman Economic Development Coaliti. 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.

Revenue
$604,848 (2022)
Expenses
$852,864 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $13,494
  • Program Service Revenue: $187,500
  • Gross Receipts: $1,291,529

Assets and Liabilities:

  • Total Assets: $11,149,889
  • Total Liabilities: $92,228
  • Net Assets: $11,057,661

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

CONTRACT SERVICES

Revenue

$187,500

Organization Details

Founding Year

1996

Principal Officer

Lawrence Mckinney

Main Address

424 W MAIN ST, NORMAN, OK, 73069

NTEE Category

Code: S30 - Community improvement

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