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I2e INC EIN 73-1525913

I2e INC FY2021 filing

EIN  73-1525913 Public charity (501(c)(3)) Oklahoma City, OK Founded 1997
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
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Verified accurate 8/28/26 · see original filing: IRS
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Size
$1–10M
What they do
Nurtures Oklahoma entrepreneurs and builds high-growth companies by hosting student business plan competitions that connect participants with mentors, investors, and essential business resources.
Leadership
Rex Smitherman · SVP Operations · $193K
Money in and out
$5.3M revenue, $4.1M expenses
Bottom line
84% program efficiency

Nurtures Oklahoma entrepreneurs and builds high-growth companies by hosting student business plan competitions that connect participants with mentors, investors, and essential business resources. For fiscal year 2021 it reported $5.3M in revenue, $4.1M in expenses, and $27.4M in net assets.Pt I

Where the money goes · FY2021
Total revenue
$5.3M
Pt VIII · Ln 12
Total expenses
$4.1M
Pt IX · Ln 25
Net assets
$27.4M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $1.2M
Where spending went · Part IX cols B–D
Program services $0.84 Management & general $0.15 Fundraising $0.01
Program efficiency
84%
of spending reaches programs
Operating runway
22.2mo
months of highly liquid reserves at operating expense rate
Surplus margin
+23%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$5.3M
FY2021▲ +25%
Expenses
$4.1M
FY2021▲ +31%
Total assets
$27.9M
FY2021▲ +16%
Total liabilities
$433K
FY2021▼ -63%
Total revenue
$5.3M
Pt VIII · Ln 12
Total expenses
$4.1M
Pt IX · Ln 25
Net assets
$27.4M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$1.2M
Total assetsPt X · Ln 16$27.9M
Program-expense ratioPt IX · col B84%
Voting members of governing bodyPt I · Ln 332
Independent voting membersPt I · Ln 432
Mission & Programs · Part III

Where the work happens

3 program services account for $1.9M of program spending, described in the organization's own filed words · FY2020.
01

The organization manages and operates the oklahoma technology commercialization center ("otcc"), a program of the oklahoma center for the advancement of science and technology ("ocast") under an annual contract.

$1.4Mprogram expense
02

Love's entrepreneur cup business plan competitionthe business plan competition is funded by the love's corporation and other sponsors throughout the state of oklahoma. Students involved in the competition gain access to networks of successful entrepreneurs, lenders and investors, team-building opportunities, business planning skills, and…

$299Kprogram expense
03

The organization also operates the technology business finance program ("TBFP"), a program of ocast, under an annual contract. TBFP'S primary mission is to provide early stage, proof-of-concept funding to qualified oklahoma companies that are commercializing new products, services and processes for the purpose of expanding and…

$197Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CI2e INC
EINHdr · item D73-1525913
Principal addressHdr · item COklahoma City, OK
WebsiteHdr · item Jwww.i2e.org
Year of formationHdr · item L1997
State of legal domicileHdr · item MOK
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S30)
Ruling yearIRS BMFOct 1998

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a32
Independent voting membersPt VI · Ln 1b32
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
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 (FY2020); the FY2021 filing did not itemize Part VII
Rex Smitherman
SVP Operations
$192,538Pt VII · Sec A
Sarah Seagraves
SVP Marketing
$177,797Pt VII · Sec A
Mark Lauinger
SVP Client Services
$174,562Pt VII · Sec A
Judy Beech
VP of Finance
$164,952Pt VII · Sec A
Richard Rainey
Venture Advisor
$124,244Pt VII · Sec A
Stacey Brandhorst
Venture Advisor
$123,599Pt VII · Sec A
Malachi Blankenship
Venture Advisor
$111,967Pt VII · Sec A
Darcy Wilborn
Director of Client Engagement
$108,005Pt VII · Sec A

Rex Smitherman’s $223K as President is at the 73rd percentile of top reported officer pay among 2834 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Rex Smitherman$223,243$244,146$210,942$231,124$192,538$165,273
Mark Lauinger$182,026$188,728$163,670$204,153$174,562$152,716
Sarah Seagraves——$96,305$203,891$177,797$154,455
Judy Beech$183,666$182,714$157,865$184,834$164,952$136,451
Stacey Hollopeter———$164,692—$105,064
Richard Rainey$128,738$133,479$116,855$142,183$124,244$105,894
Darcy Wilborn$136,910$137,508$106,408$101,585$108,005—
Malachi Blankenship——$113,286$132,343$111,967—

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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Statement of Revenue

Part VIII
Contributions & grants$3.7M · 69%
Program service revenue$1.3M · 25%
Investment income$347K · 6%
Contributions & grants69%$3.7M
Program service revenue25%$1.3M
Investment income6%$347K
— government grantsLn 1e$1.6M
Total revenueLn 12$5.3M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.84 Management & general $0.15 Fundraising $0.01
Program services84%$3.5M
Management & general15%$613K
Fundraising1%$38K
Total functional expensesLn 25$4.1M

Balance Sheet

Part X · end of year
CashLn 1$5.1M
Total assetsLn 16$27.9M
Total liabilitiesLn 26$433K
Total net assetsLn 32$27.4M
Months of cash on handcomputed15.0

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $7.6M · Operating expenses/yr $4.1M
22.2 months
Where the money goes
Program services
Program services $3.5M · Total expenses $4.1M
84%
Management & General
Management & general $613K · Total expenses $4.1M
15%
Fundraising
Fundraising $38K · Total expenses $4.1M
1%
Cost to raise $1
Fundraising expense (2-yr avg) $30K · Solicited contributions (2-yr avg) $1.5M
$0.02 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $3.7M · Total revenue $5.3M
69%
Government reliance
Government grants $1.6M · Total revenue $5.3M
31%
Earned-income share
Program service revenue $1.3M · Total revenue $5.3M
25%
Investment reliance
Investment income $347K · Total revenue $5.3M
+6%
Program self-sufficiency
Program service revenue $1.3M · Total expenses $4.1M
32%
Growth & trend
Revenue growth (YoY)
This year $5.3M · Prior year $4.3M
+25%
Net-asset trend (YoY)
End of year $27.4M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $5.3M · Expenses $4.1M
+23%
Liabilities-to-Assets
Total liabilities — · Total assets $27.9M
—
Net-asset ratio
Net assets $27.4M · Total assets $27.9M
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $2.5M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $27.9M
9%
People & payroll
Highest Reported Total Compensation
Individual Rex Smitherman · Reported title SVP OPERATIONS · Highest reported compensation $193K · Total expenses $4.1M
5%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $2.0M · Total expenses $4.1M
48%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 84%——
Overhead ratio 15%——
Fundraising cost ratio 1%——
Revenue growth 25%——
Investment management fee ratio 4%——
Legal fee ratio 0%——
Accounting 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 · received and paid
Grants received · FY2024
The Alliance for Economic Development of Oklahoma City INCFY2024$557K
Donor Advised Charitable Giving INCFY2024$70K
Oklahoma Business Roundtable IncorporatedFY2024$25K
American Fidelity FoundationFY2024$5K
Lobeck Taylor Family FoundationFY2024$5K
Total grants receivedfrom 5 funders$662K
See all 5 funders →
Grants paid · 2 grants · $30K · 2024–2024
Cheezeone LLCFY2024$15,000
Heritage Funeral DirectorsFY2024$15,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$3.4M revenue · ⤓ 990 PDF
FY2023$6.7M revenue · ⤓ 990 PDF
FY2022$9.6M revenue · ⤓ 990 PDF
FY2021$5.3M revenue · viewing · ⤓ 990 PDF
FY2020$4.3M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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