Form 990 for tax year 2024
Filed by OKLAHOMA ARTS INSTITUTE FOUNDATION.
Totals
- Total revenue
- $402,078
- Total expenses
- $592,392
- Contributions and grants received
- $57,663
- Grants paid
- $534,840
- Program service revenue
- $0
- Investment income
- $344,415
- Other revenue
- $0
- Total assets, end of year
- $11,769,157
- Total liabilities, end of year
- $164,770
- Net assets or fund balances, end of year
- $11,604,387
- Program services expenses (Part IX)
- $534,840
- Management and general expenses
- $57,552
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $534,840
Program services were 90.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1d · Related organizations
$6,360
-
1f · All other contributions, gifts and grants
$51,303
-
3 · Investment income
total $316,267 · excluded $316,267
-
7a · Gross sales of assets other than inventory
securities $2,879,058 · other assets $306
-
7b · Less cost or other basis and sales expenses
securities $2,851,216
-
7c · Gain or loss
securities $27,842 · other assets $306
-
7d · Net gain or loss
total $28,148 · excluded $28,148
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $534,840 · program services $534,840
-
7 · Other salaries and wages
total $9,144 · management and general $9,144
-
11c · Fees: accounting
total $3,300 · management and general $3,300
-
11f · Fees: investment management
total $42,780 · management and general $42,780
-
24a · Other expenses: OVERHEAD
total $2,260 · management and general $2,260
-
24b · Other expenses: LICENSING & REGISTRATION
total $68 · management and general $68
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $16,091 · end of year $6,871
-
3 · Pledges and grants receivable
beginning of year $5,500 · end of year $750
-
4 · Accounts receivable
beginning of year $23,902 · end of year $22,513
-
12 · Investments: other securities
beginning of year $10,662,203 · end of year $11,739,023
-
17 · Accounts payable and accrued expenses
beginning of year $24,113 · end of year $164,770
-
27 · Net assets without donor restrictions
beginning of year $526,639 · end of year $403,924
-
28 · Net assets with donor restrictions
beginning of year $10,156,944 · end of year $11,200,463
Mission and programs · 2024
Mission
TO SUPPORT, PROMOTE, AND IMPROVE THE PROGRAMS AND SERVICES OF THE OKLAHOMA ARTS INSTITUTE.
-
OVERSIGHT OF THE INVESTMENT AND MANAGEMENT OF ENDOWMENT FUNDS TO SUPPORT THE PROGRAMMING OF THE OKLAHOMA ARTS INSTITUTE.
Expenses $534,840 · Grants $534,840
As filed on the 2024 return.
Listed in Part VII
-
Chuck ThompsonCHUCK THOMPSON
PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.5
-
Suzanne McAuleySUZANNE MCAULEY
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 0.5
-
Stephen JamesSTEPHEN JAMES
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.5
-
Marilyn HugonMARILYN HUGON
TREASURER
- Total calculated
- $0
- Hours/week
- 0.5
-
Dameon AllensworthDAMEON ALLENSWORTH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Joy Reed BeltJOY REED BELT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Randy BeutlerRANDY BEUTLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Britani Talley BowmanBRITANI TALLEY BOWMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Ken BusbyKEN BUSBY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
John FeaverJOHN FEAVER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Sherrel JonesSHERREL JONES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
James LagreeJAMES LAGREE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Nancy LeonardNANCY LEONARD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Bill MajorBILL MAJOR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Richard McKownRICHARD MCKOWN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Xavier NeiraXAVIER NEIRA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Cathy PerriCATHY PERRI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
James PickelJAMES PICKEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Trent RileyTRENT RILEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Mary Jane ScottMARY JANE SCOTT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Emily StrattonEMILY STRATTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Joseph ThaiJOSEPH THAI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Margaret WalshMARGARET WALSH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Robert WardROBERT WARD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Elizabeth WhiteELIZABETH WHITE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Brad ZergerBRAD ZERGER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Oklahoma Arts Institute IncOKLAHOMA ARTS INSTITUTE INC
DIRECTOR
- Total calculated
- $0
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
-
$534,840
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501C3 · SUPPORTING · OK
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 17 November 2025
- IRS schema version
- 2024v5.0
- Source object
- 202513219349321841
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