Form 990 for tax year 2023
Filed by OKLAHOMA ARTS INSTITUTE FOUNDATION.
Totals
- Total revenue
- $1,443,361
- Total expenses
- $460,254
- Contributions and grants received
- $66,432
- Grants paid
- $397,570
- Program service revenue
- $0
- Investment income
- $1,376,929
- Other revenue
- $0
- Total assets, end of year
- $10,707,696
- Total liabilities, end of year
- $24,113
- Net assets or fund balances, end of year
- $10,683,583
- Program services expenses (Part IX)
- $397,570
- Management and general expenses
- $62,684
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $397,570
Program services were 86.4% 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
$6,055
-
1f · All other contributions, gifts and grants
$60,377
-
3 · Investment income
total $246,835 · excluded $246,835
-
7a · Gross sales of assets other than inventory
securities $9,068,901
-
7b · Less cost or other basis and sales expenses
securities $7,938,807
-
7c · Gain or loss
securities $1,130,094
-
7d · Net gain or loss
total $1,130,094 · excluded $1,130,094
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $397,570 · program services $397,570
-
7 · Other salaries and wages
total $14,419 · management and general $14,419
-
11c · Fees: accounting
total $6,150 · management and general $6,150
-
11f · Fees: investment management
total $38,568 · management and general $38,568
-
24a · Other expenses: OVERHEAD
total $3,479 · management and general $3,479
-
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 $39,435 · end of year $16,091
-
3 · Pledges and grants receivable
beginning of year $2,000 · end of year $5,500
-
4 · Accounts receivable
beginning of year $30,397 · end of year $23,902
-
12 · Investments: other securities
beginning of year $9,378,456 · end of year $10,662,203
-
17 · Accounts payable and accrued expenses
beginning of year $43,760 · end of year $24,113
-
27 · Net assets without donor restrictions
beginning of year $490,704 · end of year $526,639
-
28 · Net assets with donor restrictions
beginning of year $8,915,824 · end of year $10,156,944
Mission and programs · 2023
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 $397,570 · Grants $397,570
As filed on the 2023 return.
Listed in Part VII
-
JOHN M SEWARD
PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.5
-
LEIGH ANN MOSS
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 0.5
-
POLLY FLEET
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.5
-
JEFF GREENLEE
TREASURER
- Total calculated
- $0
- Hours/week
- 0.5
-
JOY REED BELT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
RANDY BEUTLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
BRITANI TALLEY BOWMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
KEN BUSBY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
JOHN FEAVER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
JOAN FRATES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
VAUGHDEAN FULLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
DON G HOLLADAY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
MARILYN HUGON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
SUE ANNE HYDE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
STEPHEN JAMES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
SHERREL JONES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
JAMES LAGREE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
NANCY LEONARD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
GLORIA LONG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
BILL MAJOR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
SUZANNE MCAULEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
RICHARD MCKOWN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
XAVIER NEIRA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
CHARLES L OPPENHEIM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
CATHY PERRI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
JAMES PICKEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
MARY JANE SCOTT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
JOSEPH THAI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
CHUCK THOMPSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
MARGARET WALSH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
ROBERT WARD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
BRAD ZERGER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
OKLAHOMA 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
-
$397,570
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
- 2023
- Filed
- 14 November 2024
- IRS schema version
- 2023v5.0
- Source object
- 202413209349309706
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