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Tulsa Economic Development Corporation
Tulsa Economic Development Corporation reported $14.5 million in revenue and $3.0 million in expenses for the fiscal year ending September 30, 2025. Of every $100 it spent, $81.77 went to program services, $18.23 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 84.4% of the total. Government grants made up 20.9%. The highest compensation it reported for one person was $232,036 (EXECUTIVE DIRECTOR). 1 person received more than $100,000 in reportable compensation. Revenue fell 61% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending September 30, 2025 · Form 990, Part IX, line 25 · total expenses $3.0MFor context, the median across 479 covered community improvement & capacity building charities: $90.45 programs, $9.31 management, $0.24 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending September 30, 2025 · Form 990, Part VIII · total revenue $14MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 81.8% | 89.1% |
| Management & general Part IX 25(C) ÷ 25(A) | 18.2% | 9.2% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.2% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 84.4% | 80.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 20.9% | 14.9% |
| Program service revenue share Part VIII 2g ÷ 12 | 5.9% | 11.9% |
| Highest reported compensation Part VII-A, columns D–F | $232,036 | $291,103 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 7.67% | 1.49% |
| People paid over $100,000 Part VII, line 2 | 1 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 162.5 | 9.2 |
| Independent voting board members Part VI 1a–1b | 13 of 13 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseTedc receives funding from the U.S. Department of housing & urban development's cdbg program as a city of tulsa sub-recipient, which includes reimbursements for project delivery costs
Sba microloans - tedc has borrowed funds from the small business administration (sba) at below market interest rates. Tedc loans the funds to qualifying businesses at market rates of interest and is liable for the loans from the sba regardless of whether the loan participant repays the loan. The sba requires certain restricted cash balances to be maintained. The average loan size under this program is approximately $10,000 with a maximum loan of $50,000
Saving our homes initiative (sohi) - sohi is a short-term program developed in collaboration with the city of tulsa to assist in clearing home titles or paying property tax (up to $4,000) for eligible low income households across the city of tulsa. Tedc connects households with tfec who offers free financial conseling sessions to improve financial outcomes
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| EXECUTIVE DIRECTOR Officer, 50.00 hrs/week | $215,000 | $0 | $17,036 | $232,036 |
1 people received more than $100,000 in reportable compensation from Tulsa Economic Development Corporation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $239K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b13 · 13 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 523
- Volunteers Part I, line 613
Private foundation grants it received
1 private foundation reported grants to Tulsa Economic Development Corporation totaling $202K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Tulsa Economic Development Corporation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Tulsa Economic Development Corporation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Tulsa Economic Development Corporation spent in FY2025, $81.77 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Valley VisionSacramento, CA · revenue $14M · programs 91.9% · 2025
- Mid-Iowa Community ActionMarshalltown, IA · revenue $15M · programs 87.4% · FY2025
- The Lakeside AssociationLakeside, OH · revenue $14M · programs 77.2% · FY2025
- Community Loan Fund of New JerseyNew Brunswick, NJ · revenue $15M · programs 78.1% · FY2025
- OCAB Community Action AgencyOrangeburg, SC · revenue $14M · programs 85.8% · 2024
All community improvement & capacity building charities · Largest charities in Oklahoma
Questions people ask
How much of Tulsa Economic Development Corporation's spending goes to programs?
In the fiscal year ending September 30, 2025, Tulsa Economic Development Corporation reported that 81.8% of its $3.0 million in expenses went to program services, 18.2% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Tulsa Economic Development Corporation pay its top executive?
The largest total compensation Tulsa Economic Development Corporation reported for one person in the fiscal year ending September 30, 2025 was $232,036, for the role of EXECUTIVE DIRECTOR (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Tulsa Economic Development Corporation get its money?
Of $14.5 million in revenue in the fiscal year ending September 30, 2025, 84.4% came from contributions and grants (including 20.9% from government grants) and 5.9% from program service revenue (Form 990, Part VIII).
Is Tulsa Economic Development Corporation a registered charity?
The IRS lists EIN 73-1084819 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending September 30, 2025, object 202611899349300331 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending September 30, 2024, object 202521639349301142 · read the filing
- FY2023: Form 990 for the fiscal year ending September 30, 2023, object 202422229349301127 · read the filing
- FY2022: Form 990 for the fiscal year ending September 30, 2022, object 202322169349301422 · read the filing
- FY2021: Form 990 for the fiscal year ending September 30, 2021, object 202242159349300534 · read the filing
- FY2020: Form 990 for the fiscal year ending September 30, 2020, object 202112169349300426 · read the filing
All filings for EIN 73-1084819: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.