Oklahoma Business Roundtable Incorporated
- Assets
- $938.9k
- Revenue
- $821.8k
- Investments
- $0.0
- Employees
- 1
- Location
- Oklahoma City, OK
- Founding
- 08/1992
- Data as of
- 06/2022
- EIN
- 73-1377268
Organization Overview
Oklahoma Business Roundtable Incorporated is located in Oklahoma City, OK. The organization was established in 1992. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oklahoma Business Roundtable Incorporated is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2022, Oklahoma Business Roundtable Incorporated generated $821.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $766.1k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Oklahoma Business Roundtable Incorporated has awarded 28 individual grants totaling $649,506. 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
BUSINESS LEADERSHIP ADVANCING OKLAHOMA'S ECONOMY
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTES NEW BUSINESS INVESTMENT THROUGHOUT OKLAHOMA, INCLUDING FUNDING SUPPORT FOR START-UP, RETENTION, EXPANSION AND ATTRACTION OF BUSINESS FACILITIES AND OPERATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark W Funke President/ceo | Officer | 20 | $73,600 |
Mita Bates Chairman | OfficerTrustee | 1 | $0 |
John Patrick Lopez Vice-Chairman/chair Elect | OfficerTrustee | 1 | $0 |
Steven Hendrickson Past Chairman | OfficerTrustee | 1 | $0 |
Dave Stewart Secretary/treasurer | OfficerTrustee | 1 | $0 |
Dave Kollmann 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $820,000 |
| Investment income | $1,790 |
| 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 | $821,794 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $72,887 |
| 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. | $73,600 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $34,157 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,711 |
| Fees for services: Management | $47,203 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,409 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,805 |
| Information technology | $6,447 |
| Royalties | $0 |
| Occupancy | $39,110 |
| Travel | $996 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $219 |
| Insurance | $2,439 |
| All other expenses | $21,857 |
| Total functional expenses | $766,098 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $74,506 |
| Savings and temporary cash investments | $844,127 |
| 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 | $2,500 |
| Net Land, buildings, and equipment | $322 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,418 |
| Total assets | $938,873 |
| Accounts payable and accrued expenses | $1,736 |
| Grants payable | $0 |
| Deferred revenue | $42,500 |
| 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 | $44,236 |
| Net assets without donor restrictions | $894,637 |
| Net assets with donor restrictions | $0 |
| 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 | $938,873 |
Grants Awarded
Over the last fiscal year, Oklahoma Business Roundtable Incorporated has awarded $68,137 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Tulsa, OK PURPOSE: ECONOMIC DEVELOPMENT - PGA | $43,137 |
SELECT OKLAHOMA PURPOSE: ECONOMIC DEVELOPMENT | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dallas Convention & Visitors Bureau Dallas, TX | $16,156,055 | $23,486,746 |
Houston Association Of Realtors Houston, TX | $18,624,507 | $23,447,617 |
Denver Metro Convention & Visitors Bureau Denver, CO | $32,418,723 | $29,420,988 |
Texas Association Of Realtors Austin, TX | $94,503,864 | $29,443,210 |
Arlington Convention & Visitors Bureau Inc Arlington, TX | $3,519,065 | $16,656,136 |
Promotional Products Association International Irving, TX | $24,269,680 | $12,861,271 |
Greater Oklahoma City Chamber Of Commerce Oklahoma City, OK | $12,639,674 | $12,068,118 |
Chamber Of Commerce Metropolitan Tulsa Tulsa, OK | $9,253,345 | $10,228,951 |
Fort Worth Convention And Visitors Bureau Fort Worth, TX | $6,320,777 | $12,812,000 |
Denver Metro Chamber Of Commerce Denver, CO | $24,074,791 | $9,796,835 |
Austin Convention And Visitors Bureau Inc Austin, TX | $8,364,471 | $6,830,186 |
Texas Municipal League Austin, TX | $8,928,481 | $7,134,656 |