Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1997.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
100 cents of each dollar spent went to programs.
Form 990 Part IX, line 25. Every line is in By the numbers.
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Who runs it and what they're paid
5 people listed on the 990; $286K paid to officers and key staff.
Compensation history total reportable pay by year · 3 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2022 | FY2020 |
|---|---|---|---|---|---|
| Lawrence McKinney | $285,771 | $268,392 | $249,166 | $205,333 | — |
| Maureen Hammond | — | — | — | — | $105,860 |
| Daniel Schemm | — | — | — | $6,250 | — |
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 15aNo
Programs and updates
Creates and keeps jobs to improve Norman residents' quality of life.
Questions for Cleveland County Economic Development Coalition
Your first name shows with your question. Cleveland County Economic Development Coalition answers here, for everyone.
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Encouraging and promoting expansion of the economic base for the benefit of norman, ok through the retention of existing business and industry and the attraction of new business and industry.
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $1.5M | $1.4M |
| InvestmentsLn 11–13 | $401K | |
| Land, buildings, equipmentLn 10c | $4.3M | $4.4M |
| Total assetsLn 16 | $11.6M | $12.0M |
| LiabilitiesLn 26 | $98K | $292K |
| Net assetsLn 32 | $11.5M | $11.7M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Other salaries and wagesLn 7 | $375K | $375K | ||
| Pension plan contributionsLn 8 | $13K | $13K | ||
| Other employee benefitsLn 9 | $4K | $4K | ||
| Payroll taxesLn 10 | $23K | $23K | ||
| Legal feesLn 11b | $15K | $15K | ||
| Accounting feesLn 11c | $33K | $33K | ||
| Investment management feesLn 11f | $57K | $57K | ||
| Other fees for servicesLn 11g | $62K | $62K | ||
| Advertising and promotionLn 12 | $13K | $13K | ||
| Office expensesLn 13 | $14K | $14K | ||
| Information technologyLn 14 | $33K | $33K | ||
| OccupancyLn 16 | $75K | $75K | ||
| TravelLn 17 | $13K | $13K | ||
| Conferences, conventions and meetingsLn 19 | $19K | $19K | ||
| Depreciation, depletion and amortizationLn 22 | $127K | $127K | ||
| InsuranceLn 23 | $86K | $86K | ||
| Other expenses (24a–d)Ln 24 | $284K | $284K | ||
| All other expensesLn 24e | $29K | $29K | ||
| Total functional expensesLn 25 | $1.3M | $1.3M | $0 | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $1.5M | $1.3M | $191K | $11.7M | 990 PDF |
| FY2023 | $1.6M | $1.2M | $439K | $11.5M | 990 PDF |
| FY2022 | $605K | $853K | −$248K | $10.3M | 990 PDF |
| FY2021 | Not on file | ||||
| FY2020 | $688K | $717K | −$28K | $7.6M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $1,464,453 revenue, 12 lines filed
Part VI · Governance 80 of 80 board members independent, 1 to look at
Part VIII · Statement of revenue $1,464,453 across 9 lines filed
Part IX · Statement of functional expenses $1,273,773 across 18 lines filed
Part X · Balance sheet $11,978,903 assets, 15 lines filed
Part XI · Reconciliation of net assets $11,687,168 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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