Central Oklahoma Economic Development District
- Assets
- $5.9m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 20
- Location
- Shawnee, OK
- Founding
- 12/1976
- Data as of
- 06/2022
- EIN
- 73-0760453
Organization Overview
Central Oklahoma Economic Development District, operating under the name Coedd, is located in Shawnee, OK. The organization was established in 1976. According to its NTEE Classification (S32) the organization is classified as: Rural Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Coedd employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coedd 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 06/2022, Coedd generated $4.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $4.7m during the year ending 06/2022. While expenses have increased by 2.5% per year over the past 7 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.
Since 2016, Coedd has awarded 366 individual grants totaling $28,679,984. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ECONOMIC DEVELOPMENT IN THE FOLLOWING 7 COUNTIES HUGHES, LINCOLN, OKFUSKEE, PAWNEE, PAYNE, POTTAWATOMIE, AND SEMINOLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OKLAHOMA DEPARTMENT OF HUMAN SERVICES - AREA AGENCY ON AGING - SUB-GRANTS TO NONPROFIT ENTITIES FOR SENIOR NUTRITION PROGRAMS AND LEGAL AID
OKLAHOMA DEPARTMENT OF COMMERCE - RURAL ECONOMIC ACTION PLAN - SUB-GRANTS TO OTHER GOVERNMENT ENTITIES FOR ECONOMIC DEVELOPMENT
OKLAHOMA DEPARTMENT OF COMMERCE - CENA SENIOR NUTRITION SUB-GRANTS TO SENIOR CITIZENS CENTERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
First Chair Mark Mosley First Chair | Officer | 0.5 | $0 |
Kent Bradley Chairman | Officer | 0.5 | $0 |
Second Chair James Melson Second Chair | Officer | 0.5 | $0 |
Secretary Randy Thomas Secretary | Officer | 0.5 | $0 |
Gary Phillips Member | Trustee | 0.5 | $0 |
John Massad Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $94,888 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,493,397 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,588,285 |
| Total Program Service Revenue | $133,011 |
| Investment income | $3,562 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,724,858 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,370,157 |
| Grants and other assistance to domestic individuals. | $134,559 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $646,752 |
| Pension plan accruals and contributions | $34,235 |
| Other employee benefits | $86,164 |
| Payroll taxes | $51,742 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $35,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $111,200 |
| Advertising and promotion | $0 |
| Office expenses | $86,363 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,000 |
| Travel | $34,620 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,092 |
| Interest | $3,058 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $40,659 |
| Insurance | $7,178 |
| All other expenses | $0 |
| Total functional expenses | $4,700,306 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,110,965 |
| Pledges and grants receivable | $1,459,480 |
| Accounts receivable, net | $18,130 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $184,769 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $89,763 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,863,107 |
| Accounts payable and accrued expenses | $72,307 |
| Grants payable | $2,185,361 |
| Deferred revenue | $0 |
| 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 | $197,918 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,455,586 |
| Net assets without donor restrictions | $1,163,359 |
| Net assets with donor restrictions | $2,244,162 |
| 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 | $5,863,107 |
Grants Awarded
Over the last fiscal year, Central Oklahoma Economic Development District has awarded $6,691,498 in support to 52 organizations.
| Grant Recipient | Amount |
|---|---|
TOTAL GRANTS 5000 | | | $3,345,749 |
Shawnee, OK PURPOSE: Senior nutrition/fitness | $1,041,872 |
Holdenville, OK PURPOSE: Senior nutrition | $903,587 |
CITY OF CHANDLER PURPOSE: Street Project | $50,000 |
PAYNE COUNTY DIST #3 PURPOSE: Road Project | $50,000 |
PAWNEE COUNTY DIST #3 PURPOSE: Road Project | $50,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Central Oklahoma Economic Development District has recieved totaling $61,000.
| Awarding Organization | Amount |
|---|---|
Organization Name not Listed PURPOSE: RURAL FIRE DEFENSE PROGRAM | | $61,000 |
Oklahoma Association Of Area Agencies On Aging Burns Flat, OK PURPOSE: SUPPORT FOR PROGRAMS FOR OLDER ADULTS | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Icast Internationl Center For Appropriate & Sustanabl Technology Lakewood, CO | $9,165,224 | $20,236,331 |
Rural Enterprises Of Oklahoma Inc Durant, OK | $41,908,355 | $15,173,432 |
Black River Area Development Corporation Pocahontas, AR | $9,485,787 | $11,077,041 |
East Central Kansas Economic Opportunity Corp Ottawa, KS | $5,122,658 | $10,399,835 |
Missouri Incutech Foundation Rolla, MO | $1,463,624 | $4,973,546 |
Central Oklahoma Economic Development District Shawnee, OK | $5,863,107 | $4,724,858 |
Urban Partnerships Community Development Corporation Pearland, TX | $13,389,393 | $5,000,952 |
New Mexico Community Capital Albuquerque, NM | $12,754,152 | $2,840,640 |
Western Arkansas Planning And Fort Smith, AR | $1,883,659 | $2,141,077 |
Little Rock Workforce Development Board Little Rock, AR | $359,522 | $1,935,959 |
Pulaski County Growth Alliance Saint Robert, MO | $34,130 | $1,396,256 |
Forge Financing Ozark Rural Growth And Economy Huntsville, AR | $10,015,357 | $2,246,755 |