Midwestern Oklahoma Development Authority EIN 73-0791758 Form 990 (PDF) Claim this org

Midwestern Oklahoma Development Authority

Not yet claimed Claim this org →

Midwestern Oklahoma Development Authority is a membership association based in Burns Flat, OK. For fiscal year 2025 it reported $1.0M in revenue, $512K in expenses, and $11.0M in net assets.Pt I

Type
Membership association · Nonprofit
Location
Burns Flat, OK
Filings
6 on file (2020–2025)
Revenue
$1.0MFY2025
Expenses
$512K
Net assets
$11.0M
People
7
Filings
6
Updates
0
More identity details & actions ⌄
EIN  73-0791758 Membership association Burns Flat, OK
Form 990 (PDF)
Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Midwestern Oklahoma Development Authority claims this page.

Know this organization? Claim it to add your story

Size
$1–10M
What they do
a membership association
Leadership
Kathy Carlisle · Executive Dir. · $102K
Money in and out
$1.0M revenue, $512K expenses
Bottom line
+49% operating surplus
Membership & operating revenue · FY2025
Total revenue
$1.0M
Pt VIII · Ln 12
Total expenses
$512K
Pt IX · Ln 25
Net assets
$11.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $493K
Where spending went · Part IX cols B–D
Program services $0.96 Management & general $0.04
Operating surplus
+49%
revenue over expenses▲ +19% vs prior filing year
Earned revenue
0%
of revenue from program services & dues
Payroll share
62%
of spending is salaries & benefits▲ +6% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$1.0M
FY2025▲ +21%
Expenses
$512K
FY2025▲ +5%
Total assets
$11.1M
FY2025▲ +8%
Total liabilities
$160K
FY2025▼ -40%
Total revenue
$1.0M
Pt VIII · Ln 12
Total expenses
$512K
Pt IX · Ln 25
Net assets
$11.0M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$493K
Total assetsPt X · Ln 16$11.1M
Program-expense ratioPt IX · col B96%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 4pending

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMidwestern Oklahoma Development Authority
EINHdr · item D73-0791758
Principal addressHdr · item CBurns Flat, OK
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MOK
Exempt statusHdr · item I501(c)(4) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFJan 1972

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Dir.
$101,800Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023
Kathy Carlisle$101,800$80,640$77,910

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Midwestern Oklahoma Development Authority executive salaries →

Are you one of these people? Claim this org to confirm your role

Mission & Programs · Part III

Where the work happens

1 program service account for $494K of program spending, described in the organization's own filed words · FY2024.
01

Operation of clinton-sherman industrial airpark housing and promotion of economic development in western oklahoma.

$494Kprogram expense

Run this program? Claim this org to tell your story

Statement of Revenue

Part VIII
Other revenue$548K · 54%
Investment income$458K · 46%
Other revenue54%$548K
Investment income46%$458K
Total revenueLn 12$1.0M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.96 Management & general $0.04
Program services96%$494K
Management & general4%$18K
Total functional expensesLn 25$512K

Balance Sheet

Part X · end of year
CashLn 1$8.2M
Total assetsLn 16$11.1M
Total liabilitiesLn 26$160K
Total net assetsLn 32$11.0M
Months of cash on handcomputed193.0

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $8.2M · Operating expenses/yr $512K
193.0 months
Where the money goes
Program services
Program services $494K · Total expenses $512K
96%
Management & General
Management & general $18K · Total expenses $512K
4%
Fundraising
Fundraising $0 · Total expenses $512K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $1.0M
0%
Government reliance
Government grants — · Total revenue $1.0M
Earned-income share
Program service revenue $0 · Total revenue $1.0M
0%
Investment reliance
Investment income $458K · Total revenue $1.0M
+46%
Program self-sufficiency
Program service revenue $0 · Total expenses $512K
0%
Growth & trend
Revenue growth (YoY)
This year $1.0M · Prior year $833K
+21%
Revenue CAGR
FY2019 $837K · FY2024 $1.0M
+4%
Net-asset trend (YoY)
End of year $11.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.0M · Expenses $512K
+49%
Liabilities-to-Assets
Total liabilities — · Total assets $11.1M
Net-asset ratio
Net assets $11.0M · Total assets $11.1M
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $11.1M
0%
People & payroll
Highest Reported Total Compensation
Individual Kathy Carlisle · Reported title Executive Dir. · Highest reported compensation $102K · Total expenses $512K
20%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $317K · Total expenses $512K
62%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 96%
Overhead ratio 4%
Revenue growth 21%
Investment management fee ratio 0%
Legal fee ratio 2%
Accounting fee ratio 5%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · this organization's grantmaking
Grants paid · 18 grants · $360K · 2019–2024
City of Elk CityFY2024$25,000
City of CordellFY2024$25,000
City of WeatherfordFY2023$27,000
Town of Burns FlatFY2023$25,000
City of SayreFY2023$25,000
City of HobartFY2022$25,000
City of CordellFY2022$25,000
City of ClintonFY2022$25,000
City of Elk CityFY2022$19,968
City of WeatherfordFY2021$25,000
City of SayreFY2021$25,000
Town of SentinelFY2021$20,000
Town of Burns FlatFY2019$22,500
Town of GoteboFY2019$10,000
City of WeatherfordFY2019$10,000
City of SayreFY2019$10,000
City of HobartFY2019$8,000
City of Elk CityFY2019$7,500

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$1.0M revenue · viewing · ⤓ 990 PDF
FY2024$833K revenue · ⤓ 990 PDF
FY2023$722K revenue · ⤓ 990 PDF
FY2022$846K revenue · ⤓ 990 PDF
FY2021$885K revenue · ⤓ 990 PDF
FY2020$837K revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.