Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1998.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
88 cents of each dollar spent went to programs.
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
33 people listed on the 990; $1.0M paid to officers and key staff.
Rex Smitherman’s $223K as President is at the 73rd percentile of top reported officer pay among 2832 $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
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| 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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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
Nurtures Oklahoma entrepreneurs and builds high-growth companies by hosting student business plan competitions that connect participants with mentors, investors, and essential business resources.
Questions for I2e INC
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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.
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…
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…
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $6.3M | $6.1M |
| InvestmentsLn 11–13 | $21.9M | $18.1M |
| Land, buildings, equipmentLn 10c | $24K | $13K |
| Total assetsLn 16 | $28.8M | $24.5M |
| LiabilitiesLn 26 | $233K | $215K |
| Net assetsLn 32 | $28.6M | $24.3M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $653K | $519K | $117K | $17K |
| Other salaries and wagesLn 7 | $805K | $640K | $144K | $21K |
| Pension plan contributionsLn 8 | $23K | $18K | $4K | $603 |
| Other employee benefitsLn 9 | $81K | $64K | $14K | $2K |
| Payroll taxesLn 10 | $124K | $98K | $22K | $3K |
| Legal feesLn 11b | $17K | $17K | ||
| Accounting feesLn 11c | $24K | $24K | ||
| Lobbying feesLn 11d | $20K | $20K | ||
| Investment management feesLn 11f | $1.3M | $1.3M | ||
| Other fees for servicesLn 11g | $97K | $74K | $23K | |
| Advertising and promotionLn 12 | $53K | $28K | $19K | $6K |
| Office expensesLn 13 | $30K | $5K | $25K | $150 |
| Information technologyLn 14 | $64K | $28K | $36K | |
| OccupancyLn 16 | $42K | $36K | $5K | $773 |
| TravelLn 17 | $27K | $23K | $4K | |
| InterestLn 20 | $104K | $104K | ||
| Depreciation, depletion and amortizationLn 22 | $11K | $11K | ||
| InsuranceLn 23 | $72K | $36K | $36K | |
| Other expenses (24a–d)Ln 24 | $1.5M | $1.5M | $39K | |
| All other expensesLn 24e | $2K | $2K | ||
| Total functional expensesLn 25 | $5.1M | $4.4M | $564K | $50K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $2.1M | $4.1M | −$1.9M | $22.0M | 990 PDF |
| FY2024 Viewing | $3.4M | $5.1M | −$1.6M | $24.3M | 990 PDF |
| FY2023 | $6.7M | $5.2M | $1.4M | $28.6M | 990 PDF |
| FY2022 | $9.6M | $6.5M | $3.1M | $24.7M | 990 PDF |
| FY2021 | $5.3M | $4.1M | $1.2M | $27.4M | 990 PDF |
| FY2020 | $4.3M | $3.1M | $1.1M | $22.9M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $3,434,038 revenue, 12 lines filed
Part VI · Governance 24 of 24 board members independent, no flags
Part VIII · Statement of revenue $3,434,038 across 9 lines filed
Part IX · Statement of functional expenses $5,062,178 across 20 lines filed
Part X · Balance sheet $24,548,957 assets, 16 lines filed
Part XI · Reconciliation of net assets $24,333,527 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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