NonprofitsTulsa Economic Development Corporation

Community Improvement

Tulsa Economic Development Corporation

TULSA, OK

Total revenue

$14.3M

Total expenses

$3.1M

Net assets

$29.5M

Grants received

$6.2M

24 grants

EIN

731084819

Tax year

2023

Mission

Tedc was founded in 1979 as tulsa economic development corporation, an organization charged with promoting and sustaining small business growth in tulsa.

Programs

2 programs

Tedc receives funding from the u.s. Department of the treasury via the cdfi equitable recovery program for providing grants to low- or moderate-income communities and to borrowers that have significant unmet capital and financial services needs and have experienced disproportionate economic impacts from the covid-19 pandemic. The funding includes reimbursements for project delivery costs.

Expenses: $511K

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.

Expenses: $228KGrants: $170K

Financials

FY 2023

Revenue

Contributions & grants$12.7M
Program service revenue$554K
Investment income$959K
Other revenue$106K
Total revenue$14.3M

Expenses

Grants paid$170K
Salaries & benefits$1.2M
Fundraising
Other expenses$1.8M
Total expenses$3.1M
Total assets$41.5M
Net assets$29.5M

People

14 listed

NameRoleCompensation

ROSE WASHINGTON

EXECUTIVE DIRECTOR

Board

$154K

50 hrs/wk

GILBERT GERST

DIRECTOR

Board

0.5 hrs/wk

CASSIA CARR

DIRECTOR

Board

0.5 hrs/wk

MARILYN MORRIS

DIRECTOR

Board

0.5 hrs/wk

KENNETH QUIGLEY

DIRECTOR

Board

0.5 hrs/wk

GIL EACRET

DIRECTOR

Board

0.5 hrs/wk

JAVIER GAMARRA

DIRECTOR

Board

0.5 hrs/wk

SHELLA BOWLIN

DIRECTOR

Board

0.5 hrs/wk

DAVID EASTON

DIRECTOR

Board

0.5 hrs/wk

MATT KING

PRESIDENT

Board

0.5 hrs/wk

JAMES SANCHEZ

VICE PRESIDENT

Board

0.5 hrs/wk

SHANANN PASSLEY

SECRETARY

Board

0.5 hrs/wk

CINDY BAKER

TREASURER

Board

0.5 hrs/wk

JOYCE MCCLELLAN

DIRECTOR

Board

0.5 hrs/wk

Grants received

Showing 24 of 24

FromAmountPurposeYear
$203K
IN SUPPORT OF NEIGHBORHOOD REVITALIZATION
2024
$90K
GENERAL OPERATIONS
2024
$50K
Emergency Loan Assistant
2024
$19K
Saving our Homes Initiative
2024
$300K
Grant Writing and Grant Compliance
2023
$203K
IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION
2023
$50K
Empowerment Network
2023
$46K
River West 909 Building
2023
$45K
Community Investment Trusts: Fighting Poverty & Racial Inequity Through Democratized Access to Investment
2023
$11K
Tulsa's Next Gen Talent
2023
$2.2M
River West Development
2022
$1.0M
GENERAL OPERATIONS
2022
$100K
OFN CDFI TECH GRANT PROGRAM SUPPORTED BY GOOGLE.ORG
2022
$90K
IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION
2022
$90K
IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION
2021
$5K
GENERAL OPERATIONS
2021
$350K
COVID-19 Emergency Response
2020
$334K
North Tulsa Grocery Store
2020
$250K
IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION
2020
$167K
GENERAL OPERATIONS
2020
$100K
MI GENTE LOAN FUND, 0% INTEREST LOAN FUND FOR IMMIGRANT-OWNED BUSINESSES INELIGIBLE FOR FEDERAL AID
2020
$25K
Community & Economic Development
2020
$105K
IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION
2019

Funded by

$6.2M from 8 funders · 24 grants · 2019–2024

George Kaiser Family Foundation

$3.4M · 9 grants · 2020–2024

Tulsa Community Foundation

$1.3M · 3 grants · 2020–2024

Jpmorgan Chase Foundation

$940K · 6 grants · 2019–2024

The Anne And Henry Zarrow Foundation

$434K · 2 grants · 2020

Opportunity Finance Network

$100K · 1 grant · 2022

Mercy Corps

$45K · 1 grant · 2023

Arvest Foundation

$25K · 1 grant · 2020

Details

EIN731084819
NTEE codeS430
Subsection03
Ruling date1981-04
Formed1979
Employees15
Volunteers13
TULSA ECONOMIC DEVELOPMENT CORPORATION — Mission, Financials & Grants Received | Grantivo