2024-11-15T12:08:37-06:00 2023-12-31 731185089 ARLEDGE & ASSOCIATES PC 7100 N CLASSEN BLVD STE 200 OKLAHOMA CITY OK 73116 990 2023-01-01 731123147 OKLAHOMA CITY ECONOMIC DEVELOPMENT FOUNDATION INC OKLA 4052978900 123 PARK AVE OKLAHOMA CITY OK 731029005 CHRISTY GILLENWATER PRESIDENT & CEO 4052978900 2024-11-13 1 1 JOSH MULLINS P01602326 4053480615 2024-11-13 2023 2024-10-15 13:58:12Z CHRISTY GILLENWATER 123 PARK AVE OKLAHOMA CITY OK 731029005 4711956 0 X N/A X 1981 OK TO CREATE NEW JOBS AND PAYROLL IN THE OKLAHOMA CITY REGION. 15 14 0 15 0 0 833035 1684533 1800099 2997493 8519 29930 0 0 2641653 4711956 632000 833500 0 0 0 0 0 0 0 2409815 3402830 3041815 4236330 -400162 475626 2560120 3182450 1247284 1393988 1312836 1788462 X TO CREATE NEW JOBS AND PAYROLL IN THE OKLAHOMA CITY REGION. 0 0 2404417 2610230 THE FOUNDATION HAS ENTERED INTO THREE PROFESSIONAL SERVICES AGREEMENTS WITH THE CITY OF OKLAHOMA CITY. THE FIRST CONTRACT IS UTILIZED TO PROMOTE, FOSTER, AND DEVELOP A POSITIVE BUSINESS CLIMATE TO ENHANCE AND EXPAND ECONOMIC DEVELOPMENT ACTIVITIES IN OKLAHOMA CITY. THE SECOND CONTRACT RELATES TO SERVICES RELATING TO THE ESTABLISHMENT OF THE OKLAHOMA CITY FILM & CREATIVE INDUSTRIES OFFICE. THIS OFFICE WILL CULTIVATE THE GROWTH OF THE FILM, MUSIC AND OTHER CREATIVE AND SUPPORT INDUSTRIES WITHIN OKLAHOMA CITY. THE THIRD CONTRACT IS AN AGREEMENT THAT PROVIDES ARPA RECOVERY FUNDS TO FUND TOURISM RECOVERY. 1147670 833500 327500 THE FOUNDATION PARTNERS WITH THE OKLAHOMA CITY CHAMBER ON VARIOUS PROGRAMS WITH THE MOST SIGNIFICANT BEING THE FORWARD OKLAHOMA CITY PROGRAM. FORWARD OKLAHOMA CITY IS A FIVE YEAR ECONOMIC DEVELOPMENT PROGRAM DESIGNED TO MEET SPECIFIC NEEDS AND OVERCOME OBSTACLES TO QUALITY JOB GROWTH. EFFORTS PRIMARILY FOCUS ON (1) MARKETING THE CITY OF OKLAHOMA CITY AS A RELOCATION SITE TO EXPAND THE LOCAL JOB BASE, (2) ENHANCING THE LOCAL K-12 EDUCATION OPPORTUNITIES, (3) ADDRESSING TALENT RETENTION AND ATTRACTION, AND (4) OTHER MISCELLANEOUS PROGRAMS THAT SUPPORT ECONOMIC DEVELOPMENT EFFORTS. 355123 THE FOUNDATION HAS RECEIVED TWO GRANTS FROM THE DEPARTMENT OF COMMERCE ECONOMIC DEVELOPMENT ADMINISTRATION. GRANT 1 RELATES TO THE BUILD BACK BETTER REGIONAL CHALLENGE AND GRANT 2 RELATES TO THE OKLAHOMA BIOTECH INNOVATION CLUSTER COLLABORATIVE. 94315 59763 THE GREATER OKLAHOMA CITY PARTNERSHIP WAS ORGANIZED TO WORK WITH THE TEN COUNTY REGION TO PROMOTE VARIOUS ECONOMIC DEVELOPMENT PROGRAMS IN THE GREATER OKLAHOMA CITY REGION. 94315 59763 4001525 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 1 21 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 15 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 0 0 0 OK X THE ORGANIZATION 4052978900 123 PARK AVE OKLAHOMA CITY OK 731029005 GILLENWATER CHRISTY PRESIDENT & CEO 1.00 40.00 X X 0 415646 32891 TRAUSCHKE SEAN CHAIRMAN OF THE BOARD 1.00 1.00 X X 0 0 0 ROSE TERESA CHAIR-ELECT, V.C. - EDUCATION & MAPS 4 DEVELOPMENT 1.00 1.00 X X 0 0 0 HART JOHN TREASURER 1.00 1.00 X X 0 0 0 RAINBOLT DAVID CORPORATE SECRETARY 1.00 1.00 X X 0 0 0 BENNETT CLAYTON BOARD MEMBER 1.00 1.00 X X 0 0 0 HATFIELD JUDY BOARD MEMBER 1.00 1.00 X X 0 0 0 HOOPER RHONDA BOARD MEMBER 1.00 1.00 X X 0 0 0 KRIEGER BRADLEY BOARD MEMBER 1.00 1.00 X X 0 0 0 LANCE BILL BOARD MEMBER 1.00 1.00 X X 0 0 0 MCDANIEL TOM BOARD MEMBER 1.00 1.00 X X 0 0 0 MEYER JENNY LOVE BOARD MEMBER 1.00 1.00 X X 0 0 0 MUNCRIEF RICK BOARD MEMBER 1.00 1.00 X X 0 0 0 NICHOLS J LARRY BOARD MEMBER 1.00 1.00 X X 0 0 0 SHORTRIDGE W KENT BOARD MEMBER 1.00 1.00 X X 0 0 0 DENNY BARBARA L CFO/VP OF OPERATIONS 1.00 40.00 X 0 281749 24073 0 697395 56964 0 0 1 0 0 355123 1329410 1684533 CONTRACT REVENUE 900099 2837730 2837730 RENTAL INCOME 532000 100000 100000 MEMBERSHIP DUES 900099 58763 58763 PROGRAM & ACTIVITY 900099 1000 1000 2997493 29930 29930 4711956 2997493 0 29930 X 833500 833500 325000 225000 100000 18487 18487 685862 685862 990477 990477 11569 9968 1601 317905 317905 16958 16958 96683 96683 285008 285008 77811 6538 71273 1486 1486 SPONSOR & EVENT SUPPORT 416805 391805 25000 EVENT PRODUCTION 78272 78272 OTHER EXPENSES 67620 67620 PROFESSIONAL DUES 12887 12887 4236330 4001525 234805 0 1190911 1549390 534085 563654 189001 288743 2392783 1612120 646123 780663 2560120 3182450 111432 292317 1135852 1101671 1247284 1393988 X 794687 857745 518149 930717 1312836 1788462 2560120 3182450 475626 0 X X 0 1 X 1 0 X X X 1 GREATER OKLAHOMA CITY CHAMBER OF COMMERCE INC 730381180 10 1 833500 0 1 833500 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 PART IV, SECTION A, LINE 3B: THE FOUNDATION'S SUPPORTED ORGANIZATION, THE GREATER OKLAHOMA CITY CHAMBER OF COMMERCE, INC. (THE CHAMBER), HAS AN IRS DETERMINATION OF STATUS AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(6). THE CHAMBER HAS DETERMINED THAT IT WOULD BE DESCRIBED IN SECTION 509(A)(2) IF IT WERE AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3). THE FOUNDATION MAINTAINS IN ITS RECORDS A COPY OF THE CHAMBER'S IRS DETERMINATION LETTER AS WELL AS AN ANNUALLY PREPARED PRO FORMA PUBLIC SUPPORT TEST CALCULATION FOR FORM 990, SCHEDULE A, PART III. PART IV, SECTION A, LINE 3C: THE FOUNDATION'S BOARD OF DIRECTORS CONSISTS OF THE PERSONS SERVING ON THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS OF THE GREATER OKLAHOMA CHAMBER OF COMMERCE, INC. (THE CHAMBER) PLUS UP TO FIVE (5) ADDITIONAL PERSONS DESIGNATED BY THE CURRENT CHAIRMAN OF THE BOARD OF THE CHAMBER. ALL SUPPORT TO THE CHAMBER WAS GIVEN TO SUPPORT EXPENDITURES PAID BY THE CHAMBER THAT MEET THE EXEMPT PURPOSE OF THE FOUNDATION. FUNDS CONTRIBUTED TO THE CHAMBER BY THE FOUNDATION ARE ON A REIMBURSABLE BASIS AND ARE CONTRIBUTED AFTER THE CHAMBER'S EXPENSES HAVE BEEN INCURRED AND REVIEWED BY THE FOUNDATION TO ENSURE ONLY EXPENSES THAT FURTHER THE FOUNDATION'S MISSION ARE REIMBURSED. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1905988 1328107 577881 300429 277475 22954 186366 6538 179828 780663 X PART X, LINE 2: MANAGEMENT HAS EVALUATED THE ORGANIZATION'S TAX POSITIONS AND CONCLUDED THAT THE ORGANIZATION HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE CONSOLIDATED FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THE FINANCIAL ACCOUNTING STANDARDS BOARD'S (FASB) GUIDANCE ON ACCOUNTING FOR UNCERTAIN TAXES. WITH FEW EXCEPTIONS, THE ORGANIZATION IS NO LONGER SUBJECT TO U.S. FEDERAL OR STATE AND LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2018. 1 GREATER OKLAHOMA CITY CHAMBER OF COMMERCE INC 123 PARK AVE OKLAHOMA CITY OK 731029005 730381180 501(C)(6) 833500 0 ECONOMIC DEVELOPMENT 1 PART I, LINE 2: THE FOUNDATION MADE GRANTS TO ITS SUPPORTED ORGANIZATION, THE GREATER OKLAHOMA CITY CHAMBER OF COMMERCE, INC FOR USE ON ECONOMIC DEVELOPMENT PROGRAMS. GRANTS TO THE CHAMBER ARE MADE ON A REIMBURSABLE BASIS AND ARE CONTRIBUTED AFTER THE EXPENSES HAVE BEEN INCURRED AND REVIEWED BY THE FOUNDATION TO ENSURE ONLY EXPENSES THAT FURTHER THE FOUNDATION'S MISSION ARE REIMBURSED. 0 1 0 0 0 0 0 0 0 GILLENWATER CHRISTY PRESIDENT & CEO 0 375852 0 0 0 39794 0 18462 0 14429 0 448537 0 0 DENNY BARBARA L CFO/VP OF OPERATIONS 0 200353 0 81396 0 0 0 17298 0 6775 0 305822 0 0 PART I, LINE 3 CEO WAS RETAINED IN JANUARY 2023 THROUGH AN EXECUTIVE SEARCH FIRM. COMPENSATION WAS ESTABLISHED VIA MARKET COMPARISONS BY AN INDEPENDENT PARTY AND FURTHER SUPPORTED BY COMPARISONS TO FORM 990 DATA AND PAST SURVEY RESULTS. COMPENSATION WAS APPROVED BY THE COMPENSATION COMMITTEE. PART I, LINE 4 THE GREATER OKLAHOMA CITY CHAMBER OF COMMERCE, INC. PROVIDED A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN TO ITS PRESIDENT & CEO, ROY WILLIAMS. THIS PLAN WAS PAID OUT WHEN MR. WILLIAMS RETIRED IN MARCH OF 2023. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY MANAGEMENT AND THE FINANCE COMMITTEE OF THE ORGANIZATION. A COPY IS MADE AVAILABLE TO EACH MEMBER OF THE BOARD SO THEY CAN ALSO REVIEW. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION REQUIRES AN ANNUAL DISCLOSURE OF ANY CONFLICTS AND A REPRESENTATION THAT DIRECTORS WILL COMPLY WITH THE CONFLICT OF INTEREST POLICY. THE DISCLOSURES ARE MONITORED BY THE FOUNDATION IN THE EVENT OF A CONFLICT. THE CONFLICTED DIRECTOR WILL ABSTAIN FROM DISCUSSION AND VOTING. FORM 990, PART VI, SECTION C, LINE 19 THE DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING SERVICES: PROGRAM SERVICE EXPENSES 685,862. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 685,862. PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PREVIOUS YEAR. GREATER OKLAHOMA CITY CHAMBER OF COMMERCE INC 123 PARK AVE OKLAHOMA CITY OK 731029005 730381180 ECONOMIC DEVELOPMENT OK 501(C)(6) N/A 0 GREATER OKLAHOMA CITY CHAMBER INC POLITICAL ACTION COMMITTEE 123 PARK AVE OKLAHOMA CITY OK 731029005 271868664 POLITICAL SUPPORT OK 527 GREATER OKLAHOMA CITY CHAMBER OF COMMERCE INC 1 0 1 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 GREATER OKLAHOMA CITY CHAMBER OF COMMERCE INC B 833500 FMV GREATER OKLAHOMA CITY CHAMBER OF COMMERCE INC J 100000 FMV GREATER OKLAHOMA CITY CHAMBER OF COMMERCE INC P 100000 FMV