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Non-profit

E Foundation for Oklahoma

Website:

efoundationok.org
Location:

Oklahoma City, OK
Tax ID:

47-4570634
Tax-Exempt Status:

501(c)(3)

Budget (2018):

Revenue: $1,032,272
Expenses: $1,123,510
Assets: $8,040
Formation:

2016
Type:

Non-profit
President:

Michael Carnuccio
President's Salary:

$278,5051

References

  1. E Foundation for Oklahoma Inc, Return of Organization Exempt From Income Tax (Form 990), 2018, Part VII, Section A, Line 1a.

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E Foundation for Oklahoma is a non-partisan economic think tank that advocates for limited government, entrepreneurship, and a global economy. 1 A report from 2019 suggested that E Foundation for Oklahoma was no longer an active organization after the unsuccessful 2018 gubernatorial candidacy of former Oklahoma Lt. Gov. Todd Lamb (R), who formed the E Foundation. 2

E Foundation for Oklahoma is listed as an associate member of the State Policy Network, a coalition of free-market state-level policy organizations, as of June 2021. 3 While E Foundation is non-partisan, members of its staff and board have affiliations with the Republican Party.

Activity

E Foundation for Oklahoma is a non-partisan economic think tank that advocates for limited government, entrepreneurship, and a global economy. 4

E Foundation for Oklahoma advocates for limited government, especially as it regards eliminating wasteful government spending, duplicate services, and unnecessary regulations for individuals and businesses. E Foundation suggests implementing a system based on the Lean Six Sigma method in order to increase efficiency and eliminate wasteful government spending. 5

E Foundation For Oklahoma advocates for a global economy, claiming that Oklahoma produces an excess of goods and services. E Foundation claims that global entrepreneurship needs to be incentivized by creating a more sustainable infrastructure. E Foundation suggests modernizing trade relations, expanding air cargo transportation at local airports, and creating new trade markets with Central and South America. 6

Funding

E Foundation For Oklahoma is funded by donations from individuals, foundations, and corporations. While E Foundation does not disclose its donors, tax filings show donations from the Atlas Economic Research Foundation, which contributed $55,000 in 2018, 7 and the World Council of Economic Policy, which contributed $5,000 in 2016. 8

People

Staff

Michael Carnuccio is president and CEO of E Foundation for Oklahoma and serves on the boards of Operation Homefront and the Fairness Center. Carnuccio is the founder of the Liberty Foundation of America and formerly served as the president of the Oklahoma Council of Public Affairs. 9

Russell Evans is a distinguished fellow at E Foundation, the executive director of the Steven C. Agee Economic Research and Policy Institute, and the director of the Center for Regional Economic Forecasting and Policy Analysis. 10

Zach Sumner is the chief organizational effectiveness officer at E Foundation. Sumner formerly worked as director of special projects and director of constituents for former Lieutenant Governor Todd Lamb (R-OK). 11

Board of Directors

Nathaniel Harding is a young global leader for the World Economic Forum. 12 Harding formerly served as the chair of the Oklahoma Governor’s Council on Workforce and Economic Development. 13

Brad Krieger serves as the director of the Greater Oklahoma City Chamber of Commerce, the Oklahoma State Chamber, and the Oklahoma State Banking Board. 14

Advisory Council

Frank Keating (R) formerly served as the governor of Oklahoma and on the board of the Bipartisan Policy Center. 15

Todd Lamb (R) formerly served as the lieutenant governor of Oklahoma, as an Oklahoma state senator, and as the Republican Majority Floor Leader. 16

Executive Committee

Bill Lance is the secretary of commerce for the Chickasaw Nation. 17

David Rainbolt is the executive chairman of BancFirst. Rainbolt serves on the board of the Oklahoma City Chamber of Commerce and formerly served on the board of the Oklahoma State Chamber of Commerce. 18

Natalie Shirley formerly served as the Oklahoma Secretary of Education and Workforce Development for former Governor Mary Fallin (R-OK). Shirley serves on the board of the Greater Oklahoma City Chamber of Commerce. 19

Allen Wright formerly served as vice president of public affairs and COO at Flint Hills Resources, a Koch Industries company, and as vice president of the Fred C. and Mary R. Koch Foundation. Wright formerly served on the boards of the Oklahoma Council of Public Affairs and the Oklahoma City Chamber, and on the executive committee of the Oklahoma State Chamber of Commerce. 20

References

  1. “Home.” E Foundation For Oklahoma, 2019. Accessed May 14, 2021. http://efoundationok.org/.
  2. Brown, Trevor. “Nonprofit Launched by Former Gubernatorial Candidate Goes Under.” Oklahoma Watch, July 3, 2019. Accessed May 17, 2021. https://oklahomawatch.org/2019/07/03/nonprofit-launched-by-former-gubernatorial-candidate-goes-under/.
  3. “The Network: Oklahoma.” State Policy Network, 2021. Accessed May 14, 2021. https://spn.org/directory/#OK.
  4. “Home.” E Foundation For Oklahoma, 2019. Accessed May 14, 2021. http://efoundationok.org/.
  5. “Research and Reports.” E Foundation For Oklahoma, 2019. Archived from the original June 2, 2019. Accessed May 17, 2021. http://web.archive.org/web/20190602153517/http://www.efoundationok.org:80/research-and-reports.php.
  6. “Research and Reports.” E Foundation For Oklahoma, 2019. Archived from the original June 2, 2019. Accessed May 17, 2021. http://web.archive.org/web/20190602153517/http://www.efoundationok.org:80/research-and-reports.php.
  7. Atlas Economic Research Foundation, Return of Organization Exempt from Income Tax (Form 990), 2018, Schedule I, Part II.
  8. World Council of Economic Policy Inc, Return of Private Foundation (Form 990-PF), 2016, Part XV, Line 3a.
  9. “Michael C. Carnuccio.” E Foundation For Oklahoma, 2019. Accessed May 14, 2021. http://efoundationok.org/person/michael-c-carnuccio.
  10. “Russell Evans.” Oklahoma City University. Accessed May 14, 2021. https://www.okcu.edu/directory/russell-evans.
  11. “Zach Sumner.” E Foundation For Oklahoma, 2019. Accessed May 14, 2021. http://efoundationok.org/person/zach-sumner.
  12. “Nathaniel Harding.” LinkedIn, 2021. Accessed May 14, 2021. https://www.linkedin.com/in/nathanielharding/.
  13. “Nathaniel Harding.” E Foundation For Oklahoma, 2019. Accessed May 14, 2021. http://efoundationok.org/person/nathaniel-harding.
  14. “Brad Krieger.” E Foundation For Oklahoma, 2019. Accessed May 14, 2021. http://efoundationok.org/person/brad-krieger.
  15. “Frank Keating.” Bipartisan Policy Center, 2021. Accessed May 14, 2021. https://bipartisanpolicy.org/person/frank-keating/.
  16. “Todd Lamb.” E Foundation For Oklahoma, 2019. Accessed May 14, 2021. http://efoundationok.org/person/todd-lamb.
  17. “Bill Lance.” E Foundation For Oklahoma, 2019. Accessed May 14, 2021. http://efoundationok.org/person/bill-lance.
  18. “Rainbolt, David.” Oklahoma Hall of Fame, 2016. Accessed May 17, 2021. https://oklahomahof.com/member-archives/r/rainbolt-david-2018.
  19. “Natalie Shirley.” E Foundation For Oklahoma, 2019. Accessed May 14, 2021. http://efoundationok.org/person/natalie-shirley.
  20. “Allen Wright.” E Foundation For Oklahoma, 2019. Accessed May 14, 2021. http://efoundationok.org/person/allen-wright.
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Nonprofit Information

  • Accounting Period: December - November
  • Tax Exemption Received: June 1, 2016

    • Available Filings

    Period Form Type Total revenue Total functional expenses Total assets (EOY) Total liabilities (EOY) Unrelated business income? Total contributions Program service revenue Investment income Comp. of current officers, directors, etc. Form 990
    2018 Dec Form 990 $1,032,272 $1,123,510 $8,040 $175,080 N $1,026,821 $0 $0 $278,505 PDF
    2017 Dec Form 990 $768,333 $994,306 $18,803 $94,605 N $748,057 $20,276 $0 $216,831 PDF
    2016 Dec Form 990 $622,500 $703,727 $150,171 $0 N $622,500 $0 $0 $216,303
    2015 Dec Form 990 $237,000 $5,601 $231,398 $0 N $237,000 $0 $0 $0 PDF

    E Foundation for Oklahoma

    2 EAST CALIFORNIA AVE 2ND FLOOR
    Oklahoma City, OK 73104-2402