Midwestern Oklahoma Development Authority FY2022 filing

Not tax-deductible

Burns Flat, OK501(c)(4)EIN 73-0791758Revenue $846K in FY2022

On file with the IRSPo Box 549, 73624-0549 · Burns Flat, OKTax-exempt since Jan 1972

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Economic Development & housing

97¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $334K a year · 39% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
134 mo
of spending, in cash
Looks good: 134.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$264K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 7 voting members
Concern: none of 7 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$846K
-4% vs prior year
Spent
$460K
To programs
97%
Net assets
$8.0M
By yearFY2020–FY2025
Revenue
$846K
FY2022▼ -4%
Tap a bar for its year
Revenue by fiscal year
FY2020$837K
FY2021$885K
FY2022$846K
FY2023$722K
FY2024$833K
FY2025$1.0M
Expenses
$460K
FY2022▼ -18%
Tap a bar for its year
Expenses by fiscal year
FY2020$574K
FY2021$558K
FY2022$460K
FY2023$529K
FY2024$488K
FY2025$512K
Net assets
$8.0M
FY2022▼ -10%
Tap a bar for its year
Net assets by fiscal year
FY2020$7.9M
FY2021$8.9M
FY2022$8.0M
FY2023$8.6M
FY2024$10.1M
FY2025$11.0M

From the FY2022 Form 990 (year ending September 2022) · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1972.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $444K Management & general 3% · $16K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Executive Dir.
$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.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Midwestern Oklahoma Development Authority is a membership association based in Burns Flat, OK.

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Provided by the organization

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1 program · $444K · in their own filed words · FY2021
01

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

$444Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

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

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$846K
Ln 12
Other incomeLn 4–11$489K
Investment incomeLn 3$357K
Money outPt IX
$460K
Ln 25
Programscol B$444K
Managementcol C$16K
Owns and owesPt X
$8.0M
net assets · Ln 32
Cash and savingsLn 1–2$5.1M
Total assetsLn 16$8.3M
LiabilitiesLn 26$264K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$357K
Other incomeLn 4–11$489K
Gains on assetsLn 7$109K
Total revenueLn 12$846K
Assets in detailPt X, end of year
CashLn 1$306K
SavingsLn 2$4.8M
Cash and savings togetherLn 1–2$5.1M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$3.0M
Other assetsLn 15$63K
Total assetsLn 16$8.3M
LiabilitiesLn 26$264K
Net assetsLn 32$8.0M
OperationsPt I, VI
EmployeesI 58
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$6.0M$5.1M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$3.0M$3.0M
Total assetsLn 16$9.1M$8.3M
LiabilitiesLn 26$259K$264K
Net assetsLn 32$8.9M$8.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$81K$81K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$78K$78K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$104K$104K
Pension plan contributionsLn 8$25K$25K
Other employee benefitsLn 9$36K$36K
Payroll taxesLn 10$15K$15K
Management feesLn 11a$0
Legal feesLn 11b$9K$9K
Accounting feesLn 11c$20K$20K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$5K$5K
Office expensesLn 13$4K$4K
Information technologyLn 14$1K$1K
RoyaltiesLn 15$0
OccupancyLn 16$16K$16K
TravelLn 17$4K$4K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$597$597
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$14K$14K
InsuranceLn 23$33K$33K
Other expenses (24a–d)Ln 24$13K$7K$6K
All other expensesLn 24e$0
Total functional expensesLn 25$460K$444K$16K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.0M$512K$493K$11.0M 990 PDF
FY2024 $833K$488K$344K$10.1M 990 PDF
FY2023 $722K$529K$193K$8.6M 990 PDF
FY2022 Viewing $846K$460K$386K$8.0M 990 PDF
FY2021 $885K$558K$327K$8.9M 990 PDF
FY2020 $837K$574K$262K$7.9M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $845,513 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$0
I-10 Investment incomePrior year $268,441$357,004
I-11 Other revenuePrior year $616,220$488,509
I-12 Total revenuePrior year $884,661$845,513
I-13 Grants and similar amounts paidPrior year $27,977$81,456
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $258,111$257,912
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $271,615$120,351
I-18 Total expensesPrior year $557,703$459,719
I-19 Revenue less expensesPrior year $326,958$385,794
Part VI · Governance 0 of 7 board members independent, 3 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $845,513 across 8 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-3 Investment incomeRelated to mission $248,272$248,272
VIII-5 Royalties$0
VIII-6 Net rental income or lossRelated to mission $373,725$373,725
VIII-7 Net gain or loss on sales of assetsRelated to mission $108,732$108,732
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $114,784$114,784
VIII-12 Total revenueRelated to mission $845,513$845,513
Part IX · Statement of functional expenses $459,719 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $81,456$81,456
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $77,787$77,787
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $104,167$104,167
IX-8 Pension plan contributionsPrograms $24,633$24,633
IX-9 Other employee benefitsPrograms $36,425$36,425
IX-10 Payroll taxesPrograms $14,900$14,900
IX-11a Management fees$0
IX-11b Legal feesManagement $9,249$9,249
IX-11c Accounting feesPrograms $20,110$20,110
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotionPrograms $4,631$4,631
IX-13 Office expensesPrograms $3,804$3,804
IX-14 Information technologyPrograms $1,378$1,378
IX-15 Royalties$0
IX-16 OccupancyPrograms $16,223$16,223
IX-17 TravelPrograms $4,200$4,200
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsManagement $597$597
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $14,048$14,048
IX-23 InsurancePrograms $32,922$32,922
IX-24 Other expenses (24a–d)Programs $7,054 · Management $6,135$13,189
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $443,738 · Management $15,981 · Fundraising $0$459,719
Part X · Balance sheet $8,270,166 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $392,519$306,380
X-2 Savings and temporary cash investmentsStart of year $5,651,192$4,834,333
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $497$4,594
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $20,894$22,553
X-10c Land, buildings and equipment, netStart of year $2,972,213$3,038,944
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $78,945$63,362
X-16 Total assetsStart of year $9,116,260$8,270,166
X-17 Accounts payable and accrued expensesStart of year $80,478$116,540
X-18 Grants payableStart of year $76,477$80,640
X-25 Other liabilitiesStart of year $101,756$67,248
X-26 Total liabilitiesStart of year $258,711$264,428
X-32 Total net assets or fund balancesStart of year $8,857,549$8,005,738
X-33 Total liabilities and net assetsStart of year $9,116,260$8,270,166
Part XI · Reconciliation of net assets $8,005,738 net assets at year end
XI-1 Total revenue$845,513
XI-2 Total expenses$459,719
XI-3 Revenue less expenses$385,794
XI-4 Net assets at start of year$8,857,549
XI-5 Net unrealized gains (losses) on investments−$1,237,605
XI-10 Net assets at end of year$8,005,738

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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