State Chamber Research Foundation Oklahoma 21st Century
- Assets
- $635.3k
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Oklahoma City, OK
- Founding
- 04/1981
- Data as of
- 12/2022
- EIN
- 73-1114164
Organization Overview
State Chamber Research Foundation Oklahoma 21st Century, operating under the name Oklahoma 21st Century, is located in Oklahoma City, OK. The organization was established in 1981. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oklahoma 21st Century 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 21st Century generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 46.4% each year . All expenses for the organization totaled $1.9m during the year ending 12/2022. While expenses have increased by 49.5% per year over the past 8 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
PERFORM AND PROMOTE RESEARCH REGARDING ECONOMIC DEVELOPMENT OPPORTUNITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
1. THE BUSINESS LEADERS POLL IS AN ESSENTIAL TOOL AND THE ONLY STATEWIDE SCIENTIFIC SURVEY THAT PROVIDES A REGULAR PULSE ON THE VIEWS, CONCERNS, AND OUTLOOK OF OKLAHOMA'S DIVERSE BUSINESS COMMUNITY. THE ANNUAL POLL ENCOMPASSES SMALL AND LARGE BUSINESSES, URBAN AND RURAL, FROM C-SUITES TO CORNER STORES. THE SURVEY RESULTS PROVIDE VALUABLE INFORMATION, IDENTIFYING KEY CHALLENGES AND BARRIERS IDENTIFIED BY BUSINESS OWNERS.2. THE OKLAHOMA SCORECARD (PREVIOUSLY THE ECI) IS AN ANNUAL PUBLICATION THAT EVALUATES OKLAHOMA'S COMPETITIVE POSITION COMPARED TO THE NATION, REGION, AND A SET OF PEER STATES SHARING VARIOUS CHARACTERISTICS. INTENDED AS A TOOL FOR POLICYMAKERS, THE SCORECARD MEASURES OKLAHOMA'S ECONOMIC COMPETITIVENESS THROUGH SCRF'S SIX KEY ISSUE AREAS: TAX COMPETITIVENESS, WORKFORCE, INFRASTRUCTURE, LEGAL CLIMATE, GOVERNMENT BURDEN, AND HEALTH CARE.3. THE RESEARCH INSTITUTE FOR ECONOMIC DEVELOPMENT (RIED) IS A NON-PARTISAN ORGANIZATION DEDICATED TO HELPING THE BUSINESS COMMUNITY UNDERSTAND HOW OKLAHOMA'S LEGISLATORS VOTE ON BUSINESS, JOB AND ECONOMIC ISSUES.4. WORKFORCE STUDY: THE STATE CHAMBER OF OKLAHOMA WILL STREAMLINE OKLAHOMA'S WORKFORCE INTO A MORE COORDINATED AND FOCUSED SYSTEM TO PROVIDE OKLAHOMA WORKERS WITH THE SKILLS THEY NEED FOR A BRIGHTER FUTURE AND SUPPLY EMPLOYERS WITH SKILLED LABOR. WE WORKED WITH WITH LOCAL AND NATIONAL LEADERS TO EVALUATE THE CURRENT SYSTEM AND MAKE A PLAN FOR A BETTER SYSTEM IN THE FUTURE. 5. THE LEGAL CENTER IS GEARED TOWARD RESEARCHING POLICY IMPLICATIONS SURROUNDING THE THIRD BRANCH OF GOVERNMENT. THE PURPOSE OF THE SCRF LEGAL CENTER IS TO PROMOTE FREE ENTERPRISE AND ECONOMIC PROSPERITY BY ADVOCATING FOR THE CONSISTENT AND FAIR APPLICATION OF THE LAW AS WRITTEN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Schonacher President | OfficerTrustee | 1 | $0 |
Kristin Peck Vice-President | OfficerTrustee | 1 | $0 |
Dana Weber Secretary | OfficerTrustee | 1 | $0 |
Kevin Gross Treasurer | OfficerTrustee | 1 | $0 |
Steve Hahn Director | Trustee | 1 | $0 |
Rick Nagel Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,109,031 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,109,031 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $2,109,031 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $14,454 |
| Fees for services: Legal | $22,938 |
| Fees for services: Accounting | $10,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,503,381 |
| Advertising and promotion | $26,105 |
| Office expenses | $1,547 |
| Information technology | $677 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,567 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,098 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,877,150 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $633,202 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $2,050 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $635,252 |
| Accounts payable and accrued expenses | $85,730 |
| Grants payable | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $85,730 |
| Net assets without donor restrictions | $443,834 |
| Net assets with donor restrictions | $105,688 |
| 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 | $635,252 |