Enid Regional Development Alliance Inc
- Assets
- $1.1m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 4
- Location
- Enid, OK
- Founding
- 10/1997
- Data as of
- 06/2024
- EIN
- 73-1522202
Organization Overview
Enid Regional Development Alliance Inc is located in Enid, OK. The organization was established in 1997. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2024, Enid Regional Development Alliance Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Enid Regional Development Alliance Inc 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 06/2024, Enid Regional Development Alliance Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $892.0k during the year ending 06/2024. While expenses have increased by 3.3% 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.
Since 2021, Enid Regional Development Alliance Inc has awarded 83 individual grants totaling $1,608,850. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO ENSURE THE ECONOMIC PROSPERITY OF ENID AND THE SURROUNDING AREA BY SUPPORTING THE GROWTH OF LOCAL BUSINESSES AND ENTREPRENEURS AND THE RECRUITMENT OF NEW BUSINESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE THE CITY OF ENID TO POTENTIAL NEW INDUSTRIES, ATTRACT NEW INDUSTRIES, RETAIN AND EXPAND THE EXISTING JOB BASE, AND PROVIDE CAPITAL TO BUSINESSES SEEKING TO EXPAND OR RELOCATE TO THE ENID AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marcelle Mack Executive Director | Officer | 0 | $108,750 |
Deborah Moore Operations Director | Officer | 0 | $70,000 |
Whitney Roberts Director | Trustee | 1 | $0 |
Rob Stallings Director | Trustee | 1 | $0 |
David Mason Director | Trustee | 1 | $0 |
Martie Oyler Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $63,750 |
| Fundraising events | $2,116 |
| Related organizations | $0 |
| Government grants | $1,054,044 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,171 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,133,081 |
| Total Program Service Revenue | $0 |
| Investment income | $23,160 |
| 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 | $1,156,241 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $200,122 |
| 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 | $247,640 |
| Pension plan accruals and contributions | $7,198 |
| Other employee benefits | $40,644 |
| Payroll taxes | $19,484 |
| Fees for services: Management | $50,500 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $50,006 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $75,370 |
| Office expenses | $8,214 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,361 |
| Travel | $21,875 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,989 |
| Interest | $221 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $48,360 |
| Insurance | $1,610 |
| All other expenses | $17,205 |
| Total functional expenses | $892,007 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $599,530 |
| Savings and temporary cash investments | $250,894 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $70,167 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $21,723 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $553 |
| Net Land, buildings, and equipment | $200,911 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,143,778 |
| Accounts payable and accrued expenses | $11,237 |
| 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 | $12,287 |
| Other liabilities | $7,170 |
| Total liabilities | $30,694 |
| Net assets without donor restrictions | $1,113,084 |
| 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 | $1,143,778 |
Grants Awarded
Over the last fiscal year, Enid Regional Development Alliance Inc has awarded $135,832 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
WALKER AND WALKER ENTERPRISES PURPOSE: SEWER WORK FOR EXPANSION | $49,989 |
T&C MEATS LLC PURPOSE: EQUIPMENT | $25,000 |
AIRCRAFT STRUCTURES INTERNATIONAL PURPOSE: SEWER WORK FOR EXPANSION | $25,000 |
NORTHERN OK COLLEGE | | | $21,534 |
FOSTER CARPENTRY AND CREATIONS PURPOSE: EQUIPMENT | $9,000 |
EH METAL WORKS | | | $5,309 |