OKLAHOMA INNOVATION INSTITUTE INC Charity Report

Tax-exempt status may be revoked

OKLAHOMA INNOVATION INSTITUTE INC

EIN 26-1317404 · Business & Industry (S40)

What they do

THE OKLAHOMA INNOVATION INSTITUTE (OII) is A 501(C)(3) NOT-FOR-PROFIT CORPORATION COMMITTED to BUILDING AN INNOVATIVE ECONOMY IN THE TULSA REGION. OII FOSTERS COLLABORATIVE RESEARCH and DEVELOPMENT, ENTREPRENEURSHIP, STEM EDUCATION, COMPANY CREATION and RETENTION, LIFE-LONG LEARNING and CREATIVE, FUTURE-ORIENTED THINKING. THESE OBJECTIVES ARE DRIVEN BY PRIVATE SECTOR, EDUCATION, GOVERNMENT and PHILANTHROPIC PARTNERSHIPS.

Before you give

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This record may have an IRS status problem. Do not give until you verify it.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkThere may be a problem with its nonprofit status. Check before giving.

Money report from 2016The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders12 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

183.98%of revenue went to mission work84.6% of expenses · Program services

2.67%of revenue went to fundraising1.2% of expenses

$217.35spent for every $100 of revenueSpending was higher than revenue this year.

30.70%of revenue went to management and office costs14.1% of expenses

$0.80in assets for every $1 spent this yearSome assets cannot be spent right away.

65.4%of its money came from giftsOther money may come from services or investments.

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Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $1,037,272 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $110,889 for DAVID GREER (EXECUTIVE DIRECTOR). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2016

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$883,910

Mission workProgram services$1,626,212183.98% of revenue84.6% of expenses

ManagementOffice and general costs$271,37730.70% of revenue14.1% of expenses

FundraisingAsking for donations$23,5932.67% of revenue1.2% of expenses

Total expenses$1,921,182217.35% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Money in and money out

Revenue$883,910

Expenses$1,921,182

Annual shortfall $1,037,272 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$1,626,212 · 84.6% of expenses

Management and office costs$271,377 · 14.1% of expenses

Fundraising$23,593 · 1.2% of expenses

See all reported dollar amounts

Revenue$883,910

Expenses$1,921,182

Assets$1,542,409

Income$6,699

Contributions$578,379

Mission work (program services)$1,626,212

Fundraising$23,593

Management and general$271,377

Stocks and bonds$324,570

Accounting fees$32,150

People

Leadership and board

Tax year 2016

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

DAVID GREEREXECUTIVE DIRECTOR · 20 hrs/week $110,889Base $103,187 · Other $7,702

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (12)

DAVID GREEREXECUTIVE DIRECTOR

HOWARD G BARNETT JRDIRECTOR

BARRY M DAVISPRESIDENT AND CHAIRMAN

DANA WEBERDIRECTOR

DON HIMELFARBDIRECTOR

DR GERARD CLANCYDIRECTOR

JAMES C MCGILLSECRETARY/TREASURER

JOHN BROCKDIRECTOR

JOHN SCHUMANDIRECTOR

LEIGH B GOODSONDIRECTOR

SANJAY MESHRIDIRECTOR

VINCE LOVOIVICE PRESIDENT

About this charity

Location: 100 SOUTH CINCINNATI AVENUE NO 1405, TULSA, OK 74103
County: Tulsa
In care of: BARRY M DAVIS
Primary officer: BARRY M DAVIS, PRESIDENT & CHAIRMAN

How to reach them

WebsiteVisit the charity’s website Emailinfo@oklahomainnovationinstitute.org Phone(918) 863-8702

Filing and classification

Latest tax year: 2016
Tax period began: January 1, 2016
Return type: 990
Tax preparer: HOGANTAYLOR LLP
NTEE classification: Business & Industry (S40)
IRS tax category: Business & Industry
Revocation date: May 15, 2023