Metro Area Development Corp

Oklahoma City, OK
Tax-exempt since Nov. 1984
EIN: 73-1214992

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Type of Nonprofit

Designated as a 501(c)(6) Business leagues, chambers of commerce, real estate boards, etc, created for the improvement of business conditions.

Revenue

$215k (2024)

Expenses

$249k (2024)

Total Assets

$42.7k (2024)

Total Liabilities

$76.7k (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Sept.
2024

Revenue

$215,107

Expenses

$249,296

Net Income

-$34,189

Net Assets

-$33,931

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$195,107	90.7%
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$20,000	9.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$105,376	42.3%

Assets/Debt
Total Assets	$42,735
Total Liabilities	$76,666
Net Assets	-$33,931

Compensation

Key Employees and Officers	Compensation	Related	Other
Donald B Nevard (Chairman)	$0	$0	$0
Alvah Boyd (Vice Chairma)	$0	$0	$0
Forrest Butch Freeman (Treasurer)	$0	$0	$0
Mike Means (Secretary)	$0	$0	$0
Steve Balaban (Board Member)	$0	$0	$0
Jeb Cook (Board Member)	$0	$0	$0
Mike Ervin (Board Member)	$0	$0	$0
Jerry Hocker (Board Member)	$0	$0	$0
John Kinnamon (Board Member)	$0	$0	$0
Randy Lacey (Board Member)	$0	$0	$0
Clide Roberts (Board Member)	$0	$0	$0
Terry Stradal (Board Member)	$0	$0	$0
Lanell Long (Board Member)	$0	$0	$0
Doug Tippens (Board Member)	$0	$0	$0

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990

Filed on March 11, 2025

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Sept.
2023

Revenue

$208,914

Expenses

$285,334

Net Income

-$76,420

Net Assets

$258

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$175,078	83.8%
Investment Income	$3,836	1.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$30,000	14.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$136,606	47.9%

Assets/Debt
Total Assets	$30,925
Total Liabilities	$30,667
Net Assets	$258

Compensation

Key Employees and Officers	Compensation	Related	Other
Vernon Bowen (Executive Officer)	$0	$0	$0

990

Filed on March 8, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Sept.
2022

Revenue

$203,582

Expenses

$329,993

Net Income

-$126,411

Net Assets

$79,568

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$203,026	99.7%
Investment Income	$14	0.0%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$542	0.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$173,880	52.7%

Assets/Debt
Total Assets	$84,543
Total Liabilities	$4,975
Net Assets	$79,568

Compensation

Key Employees and Officers	Compensation	Related	Other
Vernon Bowen (Executive Officer)	$0	$0	$0

990

Filed on March 8, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Sept.
2021

Revenue

$240,207

Expenses

$298,087

Net Income

-$57,880

Net Assets

$167,979

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$235,784	98.2%
Investment Income	$4,423	1.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$211,600	71.0%

Assets/Debt
Total Assets	$168,979
Total Liabilities	$1,000
Net Assets	$167,979

Compensation

Key Employees and Officers	Compensation	Related	Other
See Attached List (See Attached List)	$0	$0	$0

990

Filed on Feb. 11, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Sept.
2020

Revenue

$162,377

Expenses

$205,365

Net Income

-$42,988

Net Assets

$237,200

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$118,974	73.3%
Investment Income	$43,403	26.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$97,921	47.7%

Assets/Debt
Total Assets	$270,713
Total Liabilities	$33,513
Net Assets	$237,200

Compensation

Key Employees and Officers	Compensation	Related	Other
See Attached List (See Attached List)	$0	$0	$0

990

Filed on Dec. 3, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Sept.
2019

Revenue

$288,010

Expenses

$342,030

Net Income

-$54,020

Net Assets

$280,188

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$248,922	86.4%
Investment Income	$39,078	13.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$10	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$110,983	32.4%

Assets/Debt
Total Assets	$303,203
Total Liabilities	$23,015
Net Assets	$280,188

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2018

Revenue

$301,144

Expenses

$318,682

Net Income

-$17,538

Net Assets

$334,207

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$5,000	1.7%
Program Services	$270,729	89.9%
Investment Income	$25,415	8.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$65,000	20.4%

Assets/Debt
Total Assets	$369,050
Total Liabilities	$34,843
Net Assets	$334,207

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2017

Revenue

$375,335

Expenses

$344,330

Net Income

$31,005

Net Assets

$352,745

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,500	0.4%
Program Services	$360,281	96.0%
Investment Income	$13,554	3.6%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$65,000	18.9%

Assets/Debt
Total Assets	$389,280
Total Liabilities	$36,535
Net Assets	$352,745

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2016

Revenue

$342,632

Expenses

$316,804

Net Income

$25,828

Net Assets

$321,739

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$5,000	1.5%
Program Services	$329,822	96.3%
Investment Income	$7,810	2.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$65,000	20.5%

Assets/Debt
Total Assets	$360,276
Total Liabilities	$38,537
Net Assets	$321,739

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2015

Revenue

$337,303

Expenses

$315,064

Net Income

$22,239

Net Assets

$295,944

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$8,860	2.6%
Program Services	$318,573	94.4%
Investment Income	$9,870	2.9%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$65,000	20.6%

Assets/Debt
Total Assets	$328,325
Total Liabilities	$32,381
Net Assets	$295,944

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2014

Revenue

$412,726

Expenses

$364,382

Net Income

$48,344

Net Assets

$273,703

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$8,500	2.1%
Program Services	$398,943	96.7%
Investment Income	$5,283	1.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$65,000	17.8%

Assets/Debt
Total Assets	$301,092
Total Liabilities	$27,389
Net Assets	$273,703

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2013

Revenue

$391,960

Expenses

$368,475

Net Income

$23,485

Net Assets

$225,359

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$3,500	0.9%
Program Services	$377,784	96.4%
Investment Income	$10,676	2.7%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$65,000	17.6%

Assets/Debt
Total Assets	$253,312
Total Liabilities	$27,953
Net Assets	$225,359

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2012

Revenue

$331,972

Expenses

$338,439

Net Income

-$6,467

Net Assets

$201,874

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$7,467	2.2%
Program Services	$316,907	95.5%
Investment Income	$7,207	2.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$391	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$65,000	19.2%

Assets/Debt
Total Assets	$230,730
Total Liabilities	$28,856
Net Assets	$201,874

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2011

Revenue

$272,109

Expenses

$353,234

Net Income

-$81,125

Net Assets

$208,341

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$266,415	97.9%
Investment Income	$5,694	2.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$65,000	18.4%

Assets/Debt
Total Assets	$230,219
Total Liabilities	$21,878
Net Assets	$208,341

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2010

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2009

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2008

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2007

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2006

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Sept.
2005

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
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Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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Updated December 5, 2025

Metro Area Development Corp

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $215k (2024)

Expenses $249k (2024)

Total Assets $42.7k (2024)

Total Liabilities $76.7k (2024)

Tax Filings by Year

Fiscal Year Ending Sept. 2024

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Sept. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Sept. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Sept. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Sept. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Sept. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Sept. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Sept. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Sept. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Sept. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Sept. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Sept. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Sept. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Sept. 2011

Revenue

$215k (2024)

Expenses

$249k (2024)

Total Assets

$42.7k (2024)

Total Liabilities

$76.7k (2024)

Fiscal Year Ending Sept.
2024

Fiscal Year Ending Sept.
2023

Fiscal Year Ending Sept.
2022

Fiscal Year Ending Sept.
2021

Fiscal Year Ending Sept.
2020

Fiscal Year Ending Sept.
2019

Fiscal Year Ending Sept.
2018

Fiscal Year Ending Sept.
2017

Fiscal Year Ending Sept.
2016

Fiscal Year Ending Sept.
2015

Fiscal Year Ending Sept.
2014

Fiscal Year Ending Sept.
2013

Fiscal Year Ending Sept.
2012

Fiscal Year Ending Sept.
2011

Fiscal Year Ending Sept.
2010

Fiscal Year Ending Sept.
2009

Fiscal Year Ending Sept.
2008

Fiscal Year Ending Sept.
2007

Fiscal Year Ending Sept.
2006

Fiscal Year Ending Sept.
2005