Tulsa Economic Development Corporation
Tulsa Economic Development Corporation (TEDC), based in Tulsa, Oklahoma, is a public charity that supports small-business growth through lending and business-development services. Founded in 1979, it operates as TEDC Creative Capital and says it makes or facilitates loans using public and private funds.
Key facts about Tulsa Economic Development Corporation
- EIN
- 73-1084819
- Latest 990 filing
- Form 990, 2025
- Total assets
- $54,942,497
Data from IRS Form 990, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990 · View filing
Total Assets
$54.9M
+32.3% YoY
Revenue
$14.5M
+1.3% YoY
Net Investment Income
$1.2M
+27.8% YoY
Expenses
$3.0M
-2.7% YoY
How Tulsa Economic Development Corporation gives
- Giving fell 56% from 2020 to 2023. Method
From the foundation's IRS Form 990 filings. Methodology.
Mission & Focus Areas
TEDC’s stated mission is to create economic vitality in communities by encouraging small-business growth. Its work includes lending to startups and growing businesses, along with education and development services tailored to small-business needs.
TEDC also reports receiving Treasury funding through the CDFI Equitable Recovery Program to provide grants to low- or moderate-income communities and to borrowers with significant unmet capital and financial-services needs who experienced disproportionate economic impacts from the COVID-19 pandemic. The organization’s filing also describes the Saving Our Homes Initiative, a short-term program developed with the City of Tulsa to help eligible low-income households clear home titles or pay property taxes; TEDC connects households with free financial counseling offered by TFEC.
Grantmaking
TEDC’s website describes its primary funding activity as lending. The IRS filing data lists zero grants for each of 2022, 2023, and 2024. Separately, TEDC’s 2023 filing describes Treasury funding for grants to the communities and borrowers noted above, but provides no grant totals, recipient count, typical award size, or named grantees.
How to Apply
requiring a $35 fee per guarantor and supporting business and personal financial documents, tax returns, and owner or guarantor resumes or executive summaries. These are loan application requirements; no grant application process is specified.
Open Grants
2 open opportunities from Tulsa Economic Development Corporation
Ready to take the next step with Tulsa Economic Development Corporation?
Geographic Focus
Where this funder awards grants
TEDC’s small-business lending includes programs for businesses within Tulsa and, through the Oklahoma Business Lending Partnership, businesses throughout Oklahoma. Its CDBG-funded Tulsa Small Business Loan program is available to small businesses within Tulsa city limits.
Grant Distribution by State
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2025
Grant Size Distribution
618 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for 2025.
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grant count |
|---|---|---|---|---|
| 2024 | $41,534,822 | $14,282,109 | $3,107,861 | 0 |
| 2023 | $30,345,955 | $5,003,005 | $5,036,348 | 0 |
| 2022 | $38,001,915 | $6,170,732 | $3,423,765 | 0 |
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $54,942,497 | $41,534,822 | $30,345,955 |
| Revenue | $14,471,175 | $14,282,109 | $5,003,005 |
| Expenses | $3,024,030 | $3,107,861 | $5,036,348 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $1,224,762 | $958,631 | $600,001 |
| Distributable Amount | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2019 (received by the IRS March 10, 2020)
- Updated Form 990 for fiscal year 2021 (received by the IRS August 3, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS August 4, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS August 9, 2024)
- Added Form 990 for fiscal year 2025 (received by the IRS July 8, 2026)
- IRS filings on file for fiscal years 2020–2024
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Matt King as president. Directors listed on that filing are Shella Bowlin, Gilbert Gerst, Cassia Carr, Marilyn Morris, Kenneth Quigley, Gil Eacret, Javier Gamarra, Joyce McClellan, and David Easton.
Tulsa Economic Development Corporation is led by Rose Washington, Executive Director on every filing since 2019; 1 of 14 officers listed in 2025 is compensated.
Officers on the 2025 filing
Rose Washington
Executive Director
On filings since 2019
50 hrs/week
$155K (2019) → $215K (2025)
Matt King
President
Board Vice President → Vice President, 2022
Vice President → President, 2023
On filings since 2019
0.5 hrs/week
No compensation reported
Cassia Carr
Director
Board President & Chair → President, 2022
President → Director, 2023
On filings since 2019
0.5 hrs/week
No compensation reported
Gil Eacret
Director
On filings since 2019
0.5 hrs/week
No compensation reported
Gilbert Gerst
Director
Director → Development Personnel Committee Chair, 2021
Development Personnel Committee Chair → Director, 2022
On filings since 2019
0.5 hrs/week
No compensation reported
Javier Gamarra
Director
On filings since 2019
0.5 hrs/week
No compensation reported
Joyce McClellan
Director
President → Director, 2021
On filings since 2019
0.5 hrs/week
No compensation reported
Kenneth Quigley
Director
On filings since 2019
0.5 hrs/week
No compensation reported
Marilyn Morris
Director
Director → Loan Committee Chair, 2021
Loan Committee Chair → Director, 2022
On filings since 2019
0.5 hrs/week
No compensation reported
David Easton
Director
On filings since 2024
0.5 hrs/week
No compensation reported
Shella Bowlin
Director
On filings since 2024
0.5 hrs/week
No compensation reported
Shanann Passley
Secretary
Secretary → Board Secretary, 2021
Board Secretary → Secretary, 2022
On filings since 2019
0.5 hrs/week
No compensation reported
James Sanchez
Vice President
Director → Vice President, 2023
On filings since 2020
0.5 hrs/week
No compensation reported
Cindy Baker
Treasurer
On filings since 2022
0.5 hrs/week
No compensation reported
Former officers (7)
- Former: Belkis Barrera Lane (2019–2023) — Director
- Former: Casey Stowe (2019–2023) — Director
- Former: Greg Shaw (2019–2023) — Director
- Former: Michael Troilo (2022–2023) — Director
- Former: Cynthia Baker (2019–2021) — Treasurer & Finance Committee Chair
- Former: Matthew Maennche (2019–2021) — Director
- Former: George Matson (2019) — Director
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
Contact
Mailing address: 125 West 3Rd Street, Tulsa, OK 74103
Phone: (918) 585-8332
Website: https://tedcnet.com
Frequently asked questions about Tulsa Economic Development Corporation
How large is Tulsa Economic Development Corporation?
Tulsa Economic Development Corporation reported $54.9M in total assets on its 2025 IRS Form 990. Its revenue that year was $14.5M.
What does Tulsa Economic Development Corporation fund?
TEDC’s stated mission is to create economic vitality in communities by encouraging small-business growth. Its work includes lending to startups and growing businesses, along with education and development services tailored to small-business needs. TEDC also reports receiving Treasury funding through the CDFI Equitable Recovery Program to provide grants to low- or moderate-income communities and to borrowers with significant unmet capital and financial-services needs who experienced disproportio…
How do I apply for a grant from Tulsa Economic Development Corporation?
TEDC’s website describes its primary funding activity as lending. The IRS filing data lists zero grants for each of 2022, 2023, and 2024. Separately, TEDC’s 2023 filing describes Treasury funding for grants to the communities and borrowers noted above, but provides no grant totals, recipient count, typical award size, or named grantees. The Resilience and Recovery Fund is described as a zero-interest emergency loan program, not a grant. The FORWARD Program is educational and is also not a grant…
Where does Tulsa Economic Development Corporation make grants?
TEDC’s small-business lending includes programs for businesses within Tulsa and, through the Oklahoma Business Lending Partnership, businesses throughout Oklahoma. Its CDBG-funded Tulsa Small Business Loan program is available to small businesses within Tulsa city limits.
What is Tulsa Economic Development Corporation's EIN?
Tulsa Economic Development Corporation's EIN (Employer Identification Number) is 73-1084819. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.
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