Logan County Economic Development Council FY2023 filing

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

The primary exempt purpose of this organization is to provide a stimulus for economic growth in Logan County, Oklahoma through various programs including low interest loans, recruiting new businesses to the county, providing growth expansion assistance and promoting individual leasdership in county activities.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
75¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
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
5 of 6
filings with a surplus
Average surplus $67K a year · 37% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
75%
of spending
Looks good: 75% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
135 mo
of spending, in cash
Looks good: 135.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$850K
40% of total assets
Looks good: liabilities are 40% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 13 voting members
Concern: none of 13 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$188K
+113% vs prior year
Spent
$107K
To programs
75%
Net assets
$1.3M
By yearFY2020–FY2025
Revenue
$188K
FY2023▲ +113%
Tap a bar for its year
Revenue by fiscal year
FY2020$117K
FY2021$87K
FY2022$88K
FY2023$188K
FY2024$286K
FY2025$328K
Expenses
$107K
FY2023▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2020$53K
FY2021$51K
FY2022$98K
FY2023$107K
FY2024$180K
FY2025$202K
Net assets
$1.3M
FY2023▲ +8%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.1M
FY2021$1.2M
FY2022$1.2M
FY2023$1.3M
FY2024$1.3M
FY2025$1.5M

From the FY2023 Form 990 (year ending June 2023) · see the original

Give Claim
You’re viewing the FY2023 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 Sep 1985.

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

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $81K Management & general 25% · $27K

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

Something off? Claim to add context

Who runs it and what they're paid

13 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Director
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Logan County Economic Development Council executive salaries →

On this list? Claim this org

Something off? Claim to add context

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 15aNo

Programs and updates

Boosts Logan County's economy by offering loans, attracting businesses, and supporting growth.

Questions for Logan County Economic Development Council

Tap to ask. Logan County Economic Development Council sees how many people are interested.

Your first name shows with your question. Logan County Economic Development Council answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · in their own filed words · FY2022
01

Council encourages business to locate in logan county. Also encourages existing business to expand. Offers loan progaram to accomplish.

Pt IX · col B

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$188K
Ln 12
Gifts and grantsLn 1h$91K
Fees for servicesLn 2g$83K
Investment incomeLn 3$14K
Money outPt IX
$107K
Ln 25
Programscol B$81K
Managementcol C$27K
Owns and owesPt X
$1.3M
net assets · Ln 32
Cash and savingsLn 1–2$1.2M
Total assetsLn 16$2.1M
LiabilitiesLn 26$850K
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$91K
Government grantsLn 1e$91K
Fees for servicesLn 2g$83K
Investment incomeLn 3$14K
Gains on assetsLn 7$0
Total revenueLn 12$188K
Assets in detailPt X, end of year
CashLn 1$1.2M
SavingsLn 2$0
Cash and savings togetherLn 1–2$1.2M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$85K
Other assetsLn 15$0
Total assetsLn 16$2.1M
LiabilitiesLn 26$850K
Net assetsLn 32$1.3M
OperationsPt I, VI
EmployeesI 51
VolunteersI 614
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$1.1M$1.2M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$744$85K
Total assetsLn 16$2.1M$2.1M
LiabilitiesLn 26$947K$850K
Net assetsLn 32$1.2M$1.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
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$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$43K$32K$11K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$4K$3K$915
Management feesLn 11a$16K$12K$4K
Legal feesLn 11b$0
Accounting feesLn 11c$9K$7K$2K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$1K$961$320
Office expensesLn 13$252$189$63
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$940$705$235
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$9K$6K$2K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$7K$5K$2K
InsuranceLn 23$3K$3K$839
Other expenses (24a–d)Ln 24$11K$8K$3K
All other expensesLn 24e$3K$2K$640
Total functional expensesLn 25$107K$81K$27K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $328K$202K$126K$1.5M 990 PDF
FY2024 $286K$180K$107K$1.3M 990 PDF
FY2023 Viewing $188K$107K$81K$1.3M 990 PDF
FY2022 $88K$98K−$10K$1.2M 990 PDF
FY2021 $87K$51K$36K$1.2M 990 PDF
FY2020 $117K$53K$65K$1.1M 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $188,255 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $22,060$91,304
I-9 Program service revenuePrior year $63,422$83,328
I-10 Investment incomePrior year $2,873$13,623
I-11 Other revenue$0
I-12 Total revenuePrior year $88,355$188,255
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $40,663$46,661
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $57,726$60,715
I-18 Total expensesPrior year $98,389$107,376
I-19 Revenue less expensesPrior year −$10,034$80,879
Part VI · Governance 0 of 13 board members independent, 3 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members0
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $188,255 across 9 lines filed
VIII-1e Government grants$91,304
VIII-1h Total contributions, gifts and grants$91,304
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $83,328$83,328
VIII-3 Investment incomeExcluded from tax $13,623$13,623
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $83,328 · Excluded from tax $13,623$188,255
Part IX · Statement of functional expenses $107,376 across 31 lines filed
IX-1 Grants to domestic organizations$0
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 staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $32,250 · Management $10,750$43,000
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $2,746 · Management $915$3,661
IX-11a Management feesPrograms $12,338 · Management $4,112$16,450
IX-11b Legal fees$0
IX-11c Accounting feesPrograms $6,788 · Management $2,262$9,050
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotionPrograms $961 · Management $320$1,281
IX-13 Office expensesPrograms $189 · Management $63$252
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 TravelPrograms $705 · Management $235$940
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestPrograms $6,461 · Management $2,153$8,614
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $5,233 · Management $1,744$6,977
IX-23 InsurancePrograms $2,519 · Management $839$3,358
IX-24 Other expenses (24a–d)Programs $8,423 · Management $2,806$11,229
IX-24e All other expensesPrograms $1,924 · Management $640$2,564
IX-25 Total functional expensesPrograms $80,537 · Management $26,839 · Fundraising $0$107,376
Part X · Balance sheet $2,139,252 assets, 17 lines filed
Asset lines not itemized here account for $846,312; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $1,145,847$1,207,869
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $744$85,071
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 assets$0
X-16 Total assetsStart of year $2,144,978$2,139,252
X-25 Other liabilitiesStart of year $8,462$8,640
X-26 Total liabilitiesStart of year $946,895$849,764
X-32 Total net assets or fund balancesStart of year $1,198,083$1,289,488
X-33 Total liabilities and net assetsStart of year $2,144,978$2,139,252
Part XI · Reconciliation of net assets $1,289,488 net assets at year end
XI-1 Total revenue$188,255
XI-2 Total expenses$107,376
XI-3 Revenue less expenses$80,879
XI-4 Net assets at start of year$1,198,083
XI-9 Other changes in net assets$10,526
XI-10 Net assets at end of year$1,289,488

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

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.

Your org? Add context

Made it to the end? Claim this org

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 pay comparisons above.