Oklahoma City Innovation District Inc
- Assets
- $1.7m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 8
- Location
- Oklahoma City, OK
- Founding
- 05/1967
- Data as of
- 12/2022
- EIN
- 73-0756329
Organization Overview
Oklahoma City Innovation District Inc is located in Oklahoma City, OK. The organization was established in 1967. As of 12/2022, Oklahoma City Innovation District Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oklahoma City Innovation District Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Oklahoma City Innovation District Inc generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 49.8% each year . All expenses for the organization totaled $1.4m during the year ending 12/2022. While expenses have increased by 12.2% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO BRING TOGETHER THE GREATEST MINDS IN TOTAL COLLABORATION, YIELDING WORLD-CHANGING RESULTS. HOME TO INTERNATIONALLY-ACCLAIMED ORGANIZATIONS SPANNING OKLAHOMA'S DIVERSE SECTORS - HEALTH, ENERGY, AEROSPACE, TECHNOLOGY, ACADEMIA AND MORE - THE INNOVATION DISTRICT PROVIDES OPPORTUNITIES FOR ENTREPRENEURSHIP, INNOVATION AND COMMUNITY GROWTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INNOVATION DISTRICT - THE ORGANIZATION HAS AGREED TO PARTNER WITH AND PROVIDE SERVICES TO OTHER ENTITIES TO HELP CREATE A UNIFIED VISION AND STRATEGY FOR THE DEVELOPMENT OF A VIBRANT, COHESIVE INNOVATION DISTRICT.
OTHER PROJECTS - MONIES EXPENDED FOR SUPPORT OF PROMOTING ORGANIZATIONS OF THE OKLAHOMA HEALTH SCIENCE CENTER AND OTHER PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katy Boren President & CEO | Officer | 40 | $238,567 |
Christian Kanady Board President | OfficerTrustee | 1 | $0 |
Cathy O'connor Secretary | OfficerTrustee | 1 | $0 |
Jerome Loughridge Board Member | Trustee | 1 | $0 |
Dr Andre Weyrich Board Member | Trustee | 1 | $0 |
Dr Quintin Hughes Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $218,694 |
| All other contributions, gifts, grants, and similar amounts not included above | $525,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $743,694 |
| Total Program Service Revenue | $364,147 |
| Investment income | $16,222 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $119,072 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,243,135 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,596 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $242,000 |
| Compensation of current officers, directors, key employees. | $213,933 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $220,840 |
| Pension plan accruals and contributions | $16,856 |
| Other employee benefits | $38,943 |
| Payroll taxes | $33,433 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $46,311 |
| Fees for services: Accounting | $48,585 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,310 |
| Fees for services: Other | $469,054 |
| Advertising and promotion | $24,004 |
| Office expenses | $15,700 |
| Information technology | $15,931 |
| Royalties | $0 |
| Occupancy | $30,000 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,407 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $5,213 |
| Total functional expenses | $1,398,115 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $457,003 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $189,866 |
| Accounts receivable, net | $9,021 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,856 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,086,745 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,748,491 |
| Accounts payable and accrued expenses | $89,478 |
| Grants payable | $0 |
| Deferred revenue | $27,782 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $117,260 |
| Net assets without donor restrictions | $1,431,231 |
| Net assets with donor restrictions | $200,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,748,491 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
North Central Texas Trauma Regional Advisory Council Inc Arlington, TX | $8,338,158 | $9,749,216 |
Oklahoma City Innovation District Inc Oklahoma City, OK | $1,748,491 | $1,243,135 |
Physicians Benevolent Fund Austin, TX | $5,245,962 | $559,687 |
Southeastern Colorado Area Health Edctn Ctr For Rural Co Health Inc Pueblo, CO | $851,429 | $463,908 |
Saras Project Inc Ardmore, OK | $628,999 | $419,853 |
Houston Business Coalition On Health Katy, TX | $212,784 | $403,025 |
Waterman Medical Foundatiion Dallas, TX | $2,250,194 | $164,914 |
Dcms Foundation Dallas, TX | $4,735,570 | $2,377,114 |
Sealy Medical Center Foundation Sealy, TX | $821,157 | $13,230 |
Newman Hospital Auxiliary Emporia, KS | $60,652 | $25,896 |
Hill Country Memorial Medical Office Buildings Fredericksburg, TX | $0 | $0 |