Duncan Area Economic Development Foundation logo

Duncan Area Economic Development Foundation

Public charity · Grantmaker Duncan, OK EIN: 73-0751819 Website

To continually increase job opportunities and the development of favorable business climate and workforce development programs for the benefit of the community and surrounding area.

Key facts about Duncan Area Economic Development Foundation

EIN
73-0751819
Latest 990 filing
Form 990, 2024
Total assets
$28,124,050

Data from IRS Form 990, 2024; updated September 2026.

Financial Overview

From 2024 IRS Form 990 · View filing

Total Assets

$28.1M

+17.8% YoY

Revenue

$4.5M

+70.1% YoY

Net Investment Income

$131K

+99.5% YoY

Expenses

$980K

+0.3% YoY

About Duncan Area Economic Development Foundation

Based on IRS filings

Duncan Area Economic Development Foundation is a public charity focused on Community Improvement & Capacity Building, based in Duncan, OK. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $28.1M in total assets. Net investment income was $131K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

States

Cities

DuncanComancheMarlow

Giving Over Time

Total grant dollars and number of grants per year

$0$50K$100K$150K0 grants2019 3 grants2020 0 grants2021 1 grant2022 0 grants2023 0 grants2024

From 2020 to 2022, annual grant giving ranged from $97K (2022) to $125K (2020). In 2022 it made 1 grant totaling $97K.

Grant Insights

How this funder distributes its grants

Grant Size Distribution

4 grants across all recorded years

2<$50K2$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 2 grants of 4 (50%).

Giving History

Grant recipients and amounts by year

No grants recorded for 2024.

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$2M$4M$6M2019 2020 2021 2022 2023 2024
Metric202420232022
Total Assets$28,124,050$23,883,296$23,270,970
Revenue$4,454,413$2,619,410$5,295,425
Expenses$980,153$976,777$1,000,538
Net Investment Income$131,086$65,701$36,321

Data update history

When this profile's IRS filing data changed on Grantable

  1. Added Form 990 for fiscal year 2019 (received by the IRS August 4, 2020)
  2. Updated Form 990 for fiscal year 2020 (received by the IRS November 3, 2021)
  3. Updated Form 990 for fiscal year 2022 (received by the IRS November 7, 2023)
  4. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

Duncan Area Economic Development Foundation is led by Lyle Roggow, President on every filing since 2019; 1 of 13 officers listed in 2024 is compensated.

Officers on the 2024 filing

  • Lyle Roggow

    President

    On filings since 2019

    40 hrs/week

    $177K (2019) → $192K (2024)

  • Bill Gossett

    Chairman

    Director → Chairman, 2024

    On filings since 2020

    2 hrs/week

    No compensation reported

  • Bryce Hooper

    Director

    On filings since 2020

    1 hr/week

    No compensation reported

  • Chad Simpson

    Director

    On filings since 2021

    1 hr/week

    No compensation reported

  • Jp Peacock

    Director

    On filings since 2021

    1 hr/week

    No compensation reported

  • Jay Johnson

    Director

    On filings since 2022

    1 hr/week

    No compensation reported

  • Kelly Kirkland

    Director

    On filings since 2023

    1 hr/week

    No compensation reported

  • Brook Holding

    Director

    New on the 2024 filing

    1 hr/week

    No compensation reported

  • Kenzie Wheeler

    Director

    New on the 2024 filing

    No compensation reported

  • Hal Labyer

    Treasurer

    Director → Treasurer, 2020

    On filings since 2019

    1 hr/week

    No compensation reported

  • Rick Braught

    Vice Chairman

    Treasurer → Vice Chairman, 2020

    On filings since 2019

    1 hr/week

    No compensation reported

  • Kevin Stewart

    Secretary

    Director → Secretary, 2022

    On filings since 2021

    1 hr/week

    No compensation reported

  • Mayor Robert Armstrong

    Ex-Officio B

    On filings since 2022

    No compensation reported

Former officers (11)
  • Former: Dennis Loafman (2019–2023) — Chairman
  • Former: Kimberly Meek (2020–2023) — Director
  • Former: Joe Hill (2019–2022) — Director
  • Former: Jeff Gregston (2019–2021) — Secretary
  • Former: Mayor Ritchie Dennington (2020–2021) — Ex-Officio B
  • Former: Db Green (2019–2020) — Director
  • Former: John McArthur (2019–2020) — Director
  • Former: Jay Watkins (2019) — Director
  • Former: Kim Meek (2019) — Director
  • Former: Patty Wininger (2019) — Director
  • Former: Robert Peterson (2019) — Vice Chairman

Data from IRS Form 990 filings, 2019–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2024 IRS filing

Lyle Roggow — President: $192KLyle RoggowPresident$192K

The highest reported compensation on the 2024 filing was $192K, to Lyle Roggow (President).

Frequently asked questions about Duncan Area Economic Development Foundation

How large is Duncan Area Economic Development Foundation?

Duncan Area Economic Development Foundation reported $28.1M in total assets on its 2024 IRS Form 990. Its revenue that year was $4.5M.

What is Duncan Area Economic Development Foundation?

Duncan Area Economic Development Foundation is a public charity focused on Community Improvement & Capacity Building, based in Duncan, OK. It holds $28.1M in total assets as of 2024.

Where does Duncan Area Economic Development Foundation operate?

Duncan Area Economic Development Foundation has awarded grants in Oklahoma.

What is Duncan Area Economic Development Foundation's EIN?

Duncan Area Economic Development Foundation's EIN (Employer Identification Number) is 73-0751819. IRS Form 990 filing data is available on this page for 2019–2024.

Data last updated September 2026. Sourced from IRS Form 990 filings.

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