I2e Inc

What it reported doing in 2024

Accelerate Oklahoma funds: accelerate Oklahoma and its subsidiaries were created to facilitate management of federal funds made available to the Oklahoma department of commerce (odoc) by the u.s. Treasury for the state small business credit initiative (ssbci) program. The organization's contract, as amended, with odoc in the amount of $13,227,911 had a funding period of may 1, 2011 through march 31, 2017. On march 31, 2017, the federal ssbci program ended. Per the first amendment to the original allocation agreement executed october 18, 2012, any repayment of invested funds, principal and any investment gains, shall remain with accelerate Oklahoma and be used to maintain, manage, and reinvest consistent with the investment plans set forth in the original allocation agreement. A second amendment to the original allocation agreement, dated january 10, 2017, allows i2e to charge a fee for management services and to earn a carried interest on any program income in the form of investment gain on funds invested. The organization is the sole member of accelerate Oklahoma and accelerate Oklahoma is the sole member of each of its subsidiaries. Each of these entities are disregarded for income tax purposes and, as such, all activity will ultimately pass to the sole member, the organization. During the tax year, i2e contracted with i2e management company, inc. To provide management services for i2e accelerate Oklahoma, llc. The i2e angel sidecar fund, llc and i2e growok fund, llc were merged into i2e accelerate Oklahoma, ll on june 28, 2019. The i2e startok fund, llc was merged into i2e accelerate Oklahoma, llc on july 18, 2019.

Financial Efficiency

• Mission deployment rate: 96.5%; rating input score 97
• Program expense ratio: 86.5%; rating input score 87
• Fundraising efficiency: $37.01 raised per $1 spent on fundraising; rating input score 73; 73rd percentile among comparable filings

Transparency & Controls

• Consistency checks: 85.7%; rating input score 86; 1st percentile among comparable filings
• Pay-setting controls: 6 of 6 controls in place; rating input score 100
  • Compensation committee: Pass
  • Independent consultant: Pass
  • Other Form 990s reviewed: Pass
  • Written employment contract: Pass
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 42.9%; rating input score 43; 14th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -90.3%; rating input score 1; 1st percentile among comparable filings
• Total-asset coverage ratio: 5.65; rating input score 85; 85th percentile among comparable filings
• Liabilities to assets ratio: 0.04; rating input score 73; 73rd percentile among comparable filings
• Officer compensation ratio: 29.9%; rating input score 5; 5th percentile among comparable filings

Growth

• Program expense growth: 6.2% per year; rating input score 100; 46th percentile among comparable filings
• Revenue growth: -3% per year; rating input score 0; 5th percentile among comparable filings
• Asset growth: 8.1% per year; rating input score 100; 50th percentile among comparable filings