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← GILCREASE MUSEUM MANAGEMENT TRUST

Form 990 for tax year 2024

Filed by GILCREASE MUSEUM MANAGEMENT TRUST.

Totals

Total revenue
$9,890,593
Total expenses
$6,329,995
Contributions and grants received
$7,027,186
Grants paid
$0
Program service revenue
$257,332
Investment income
$2,431,396
Other revenue
$174,679
Total assets, end of year
$62,640,464
Total liabilities, end of year
$622,036
Net assets or fund balances, end of year
$62,018,428
Program services expenses (Part IX)
$3,159,902
Management and general expenses
$2,996,338
Fundraising expenses
$173,755
Program service expenses (Part III)
$3,159,902

Program services were 49.9% 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.

  • 1e · Government grants (contributions)

    $3,812,962

  • 1f · All other contributions, gifts and grants

    $3,214,224

  • 2a · Program service revenue: SALES EDUCATION DEPARTMENT

    total $1,161 · related or exempt $1,161

  • 2b · Program service revenue: RESEARCH SERVICES

    total $256,171 · related or exempt $256,171

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $166,835 · excluded $166,835

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $2,259,924 · other assets $4,637

  • 7c · Gain or loss

    securities $2,259,924 · other assets $4,637

  • 7d · Net gain or loss

    total $2,264,561 · excluded $2,264,561

  • 10a · Gross sales of inventory

    $26,195

  • 10b · Cost of goods sold

    $12,727

  • 10c · Net income from sales of inventory

    total $13,468 · related or exempt $13,468

  • 11a · Other revenue: OTHER REVENUE

    total $161,211 · related or exempt $161,211

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $161,211

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $1,827,467 · program services $1,133,030 · management and general $657,888 · fundraising $36,549

  • 9 · Other employee benefits

    total $441,685 · program services $260,594 · management and general $167,840 · fundraising $13,251

  • 10 · Payroll taxes

    total $121,819 · program services $71,873 · management and general $46,291 · fundraising $3,655

  • 11f · Fees: investment management

    total $165,152 · management and general $165,152

  • 11g · Fees: other

    total $1,378,295 · program services $901,597 · management and general $445,485 · fundraising $31,213

  • 12 · Advertising and promotion

    total $18,838 · fundraising $18,838

  • 13 · Office expenses

    total $1,817,480 · program services $380,609 · management and general $1,408,610 · fundraising $28,261

  • 16 · Occupancy

    total $317,723 · program services $270,215 · management and general $47,508

  • 17 · Travel

    total $97,075 · program services $70,301 · management and general $21,502 · fundraising $5,272

  • 19 · Conferences, conventions and meetings

    total $34,864 · program services $4,789 · management and general $24,109 · fundraising $5,966

  • 22 · Depreciation, depletion and amortization

    total $37,931 · program services $37,931

  • 24a · Other expenses: MEMBERSHIP

    total $55,634 · program services $16,236 · management and general $8,648 · fundraising $30,750

  • 24e · All other expenses

    total $16,032 · program services $12,727 · management and general $3,305 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $0

  • 3 · Pledges and grants receivable

    beginning of year $14,571,201 · end of year $11,880,164

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $16,507 · end of year $5,540

  • 9 · Prepaid expenses and deferred charges

    beginning of year $32,686 · end of year $361,363

  • 10a · Land, buildings and equipment: cost or other basis

    $478,228

  • 10b · Land, buildings and equipment: accumulated depreciation

    $360,898

  • 10c · Land, buildings and equipment, net

    beginning of year $109,857 · end of year $117,330

  • 11 · Investments: publicly traded securities

    beginning of year $3,152 · end of year $3,296

  • 12 · Investments: other securities

    beginning of year $35,165,261 · end of year $36,740,504

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $8,572,662 · end of year $13,532,267

  • 17 · Accounts payable and accrued expenses

    beginning of year $392,935 · end of year $621,041

  • 19 · Deferred revenue

    beginning of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $3,727 · end of year $995

  • 27 · Net assets without donor restrictions

    beginning of year $3,501,418 · end of year $4,494,897

  • 28 · Net assets with donor restrictions

    beginning of year $54,573,246 · end of year $57,523,531

Mission and programs · 2024

Mission

THE GILCREASE MUSEUM, THROUGH ITS COLLECTIONS, IS DEDICATED TO BRINGING ART, HISTORY, AND PEOPLE TOGETHER TO DISCOVER, ENJOY, AND UNDERSTAND THE DIVERSE HERITAGE OF THE AMERICAS.

Activities or mission (Part I)

TO UNDERSTAND THE DIVERSE HERITAGE OF THE AMERICAS.

  • CURATORIAL - MANAGEMENT OF THE MUSEUM'S COLLECTIONS AND EXHIBITS.

    Expenses $2,600,097 · Revenue $43,725

  • SPECIAL EXHIBITIONS - GILCREASE MUSEUM OFFERS SPECIAL EXHIBITIONS EACH YEAR FROM A ROBUST ARCHIVE SPECIALIZING IN THE FINE ARTS, ANTHROPOLOGY AND THE AMERICAN WEST. GILCREASE MUSEUM IS CURRENTLY UNDERGOING CONSTRUCTION FROM JULY 2021 TO JULY 2026.

    Expenses $237,623 · Revenue $256,171

  • PROGRAMS - GILCREASE MUSEUM OFFERS A VARIETY OF PROGRAMMING AND EVENTS TO GROUPS, TOURS, AND PUBLIC FOR THE PURPOSE OF LEARNING ABOUT ART AND HISTORY THROUGH THE EXHIBITIONS AND COLLECTIONS OF THE GILCREASE MUSEUM. GILCREASE MUSEUM IS CURRENTLY UNDERGOING CONSTRUCTION FROM JULY 2021 TO JULY 2026.

    Expenses $72,382 · Revenue $131,267

  • CONSERVATION

    Expenses $249,800

  • PHOTOGRAPHY

  • PUBLICATIONS

    Revenue $848

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • BRAD CARSON

    TRUSTEE

    Total calculated
    $936,469
    From this org
    $0
    From related orgs
    $899,365
    Other
    $37,104
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $698,333 related
    Bonus
    $0 + $200,000 related
    Other
    $0 + $1,032 related
    Deferred
    $0 + $17,250 related
    Nontaxable benefits
    $0 + $19,854 related
    Filer's total
    $0 + $936,469 related

  • ERIC SCHICK

    TRUSTEE

    Total calculated
    $498,412
    From this org
    $0
    From related orgs
    $471,494
    Other
    $26,918
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $420,462 related
    Bonus
    $0 + $50,000 related
    Other
    $0 + $1,032 related
    Deferred
    $0 + $7,000 related
    Nontaxable benefits
    $0 + $19,918 related
    Filer's total
    $0 + $498,412 related

  • MARCIA MACLEOD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 3 RELATED COMPENSATION
BRAD CARSON & ERIC SCHICK WERE COMPENSATED BY THE UNIVERSITY OF TULSA (TU), A RELATED ORGANIZATION. THE COMPENSATION COMMITTEE OF THE BOARD REVIEWS ALL MULTI-YEAR CONTRACTS OF EMPLOYMENT AND ANY EMPLOYMENT OFFER FOR THE PRESIDENT. THE COMMITTEE COMPARES TO THE SALARY SURVEY PROVIDED BY INDEPENDENT OUTSIDE CONSULTANTS. THIS PROCESS IS CONDUCTED ANNUALLY.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
14 May 2026
IRS schema version
2024v5.1
Source object
202601349349307480

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