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I2E Inc

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

EIN: 731525913 ✦ Oklahoma city, OK ✦ Designated as a 501(c)(3)

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Overview

What is I2E Inc?

I2E Inc is a nonprofit organization situated in Oklahoma City, Oklahoma. Their primary focus is to stimulate economic growth within the state by supporting and aiding Oklahoma-based technology companies. This is achieved through the management and operation of the Oklahoma Technology Commercialization Center (OTCC), a program under the Oklahoma Center for the Advancement of Science and Technology (OCAST), as per an annual contract. I2E Inc provides various business, research, and planning services to small companies in the fields of marketing, development, and finance, with the intent of nurturing entrepreneurs and fostering the growth of high-potential companies in Oklahoma. Their mission is to invest in entrepreneurs, ultimately building successful high-growth companies within the state.


Official website here: www.i2e.org

What are the reviews and ratings of this charity?

**Charity Navigator Rating: 96% (Four-Star out of Four Star Rating)**

I2E Inc has earned an impressive Four-Star rating from Charity Navigator, reflecting a strong emphasis on accountability and financial health. The organization scores 100% on various governance measures, including independent board members and comprehensive financial oversight practices, indicating a robust structure for decision-making and financial integrity.

While the organization's financial metrics, such as a program expense ratio of over 87%, highlight its commitment to utilizing resources for its mission, it falls short in certain areas. Specifically, the organization could not be evaluated on impact measurement, culture, or leadership adaptability, which may raise questions about its overall effectiveness and adaptability in achieving its goals.

Unfortunately, user reviews on GreatNonprofits are not available, so feedback from the general public cannot be provided. Overall, while I2E Inc demonstrates strong financial accountability, the lack of evaluation in certain key performance areas suggests there may be room for improvement in measuring its broader impact on the community.


Is I2E Inc legitimate?

I2E Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. I2E 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: $863,501
Professional Fundraising Fees: $0
Other Salaries and Wages: $875,226

For more financial information, click here


Official website here: www.i2e.org

What is the mission statement of I2E Inc?

I2E Inc's mission is focused on nurturing entrepreneurial talent and fostering the growth of successful high-growth companies. This is achieved by investing in entrepreneurs, providing them with the necessary resources and support. The organization operates the Oklahoma Technology Commercialization Center (OTCC), a program under the Oklahoma Center for the Advancement of Science and Technology (OCAST), with the aim of promoting and aiding technology companies based in Oklahoma. The OTCC program and contract are designed to stimulate economic growth by offering business, research, and planning services in marketing, development, and finance to small companies.


Official website here: www.i2e.org

Who is the CEO of I2E Inc?

Rex Smitherman is the Chairman of I2E Inc. The CEO's salary of I2E Inc is $0 and their total compensation is $511,200.


Official website here: www.i2e.org

What is the revenue of I2E Inc?

I2E Inc's revenue in 2022 was $9,581,488.


Official website here: www.i2e.org

Who are the executives of I2E Inc and what are their salaries?

The average compensation at I2E Inc during 2022 was $108,670. There are 16 employees and 49 volunteers at I2E Inc.


Here are 38 key members and their salaries (I2E Inc's CEO's salary is $0 and their total compensation is $511,200):


Mark Poole (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brad Krieger (Vice-Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Howard Barnett Jr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Basch (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Leslie Batchelor (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Carolina (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Cropper (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carl Edwards (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Phillip Eller (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Evans (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Joseph Ferretti (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Fleming (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Hershel Lamirand Iii (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Devon Laney (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Justin Mclaughlin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Nance (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Pitts (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ryan Posey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Meg Salyer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Claudia San Pedro (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Darryl Schmidt (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Craig Shimasaki (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Thomas (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rose Washington (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Roy Williams (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Danny Hilliard (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Philip Kurtz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Duane Wilson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Meacham (Ceo)
  • Compensation: $0
  • Related: $485,842
  • Other: $25,358
Rex Smitherman (President)
  • Compensation: $231,124
  • Related: $0
  • Other: $18,814
Mark Lauinger (Svp Client Services)
  • Compensation: $204,153
  • Related: $0
  • Other: $22,600
Sarah Seagraves (Svp Marketing)
  • Compensation: $203,891
  • Related: $0
  • Other: $6,108
Judy Beech (Vp Of Finance)
  • Compensation: $184,834
  • Related: $0
  • Other: $12,302
Michael Labrie (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Rainey (Venture Advisor)
  • Compensation: $142,183
  • Related: $0
  • Other: $20,736
Stacey Hollopeter (Venture Advisor)
  • Compensation: $164,692
  • Related: $0
  • Other: $9,346
Malachi Blankenship (Venture Advisor)
  • Compensation: $132,343
  • Related: $0
  • Other: $21,535
Darcy Wilborn (Director Of Client Engagement)
  • Compensation: $101,585
  • Related: $0
  • Other: $3,048


Official website here: www.i2e.org

Where can I find the form 990 for I2E Inc?

I2E Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.i2e.org

Learn more at the official website: www.i2e.org

Mission Statement of I2E Inc

I2E Inc, a mission-driven organization, is dedicated to fostering entrepreneurship and nurturing high-growth companies within Oklahoma. Their primary objective is to invest in aspiring entrepreneurs, aiming to help them build successful businesses in the state. To accomplish this, I2E Inc manages and operates the Oklahoma Technology Commercialization Center (OTCC), a program under the Oklahoma Center for the Advancement of Science and Technology (OCAST), through an annual contract. The OTCC program and contract are designed to stimulate economic growth in Oklahoma by promoting and assisting local technology companies. I2E Inc provides various business, research, and planning services to small companies in the areas of marketing, development, and finance, thereby contributing to the growth and success of Oklahoma's technology sector.

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Impact




July, 2024

I2E Inc's impact is focused on nurturing entrepreneurs and building high-growth companies in Oklahoma. The organization manages and operates the Oklahoma Technology Commercialization Center (OTCC) as part of a program to promote and assist Oklahoma-based technology companies. By providing business, research, and planning services in areas such as marketing, development, and finance, I2E Inc is playing a key role in spurring economic growth in the state and investing in entrepreneurs to create successful businesses.




This information is meant to be a general summary of I2E 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.

Revenue
$9,581,488 (2022)
Expenses
$6,490,463 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $4,111,866
  • Program Service Revenue: $3,005,202
  • Gross Receipts: $11,140,395

Assets and Liabilities:

  • Total Assets: $25,337,999
  • Total Liabilities: $616,514
  • Net Assets: $24,721,485

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Programs

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

MANAGEMENT FEES

Revenue

$2,373,687

CLIENT SERVICE FEES

Revenue

$631,515

Organization Details

Founding Year

1997

Principal Officer

Rex Smitherman

Main Address

840 RESEARCH PARKWAY 250, OKLAHOMA CITY, OK, 73104

NTEE Category

Code: S30 - Community improvement

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