Tulsa Performing Arts Center Trust
- Assets
- $11.4m
- Revenue
- $8.1m
- Investments
- $0.0
- Employees
- 46
- Location
- Tulsa, OK
- Founding
- 06/1973
- Data as of
- 06/2023
- EIN
- 23-7296813
Organization Overview
Tulsa Performing Arts Center Trust is located in Tulsa, OK. The organization was established in 1973. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, Tulsa Performing Arts Center Trust employed 46 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tulsa Performing Arts Center Trust is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Tulsa Performing Arts Center Trust generated $8.1m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 57.4% each year . All expenses for the organization totaled $6.5m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Tulsa Performing Arts Center Trust has awarded 11 individual grants totaling $171,300. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
EXPERIENCE DIVERSITY THROUGH THE ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUBSIDIZE PERFORMANCES, ARTISTIC PROGRAMS AND THE PERFORMING ARTS CENTER BUILDING.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Frie CEO | OfficerTrustee | 40 | $187,726 |
Jennifer Alden CFO & Treasurer | Officer | 40 | $165,008 |
Ken Busby Trustee And Vice Chair | Trustee | 0.5 | $0 |
Linda Frazier Trustee | Trustee | 0.5 | $0 |
Laura Creekmur Trustee And Secretary | Trustee | 0.5 | $0 |
Wendy Garrett Trustee And Secretary | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,000,000 |
| Government grants | $505,350 |
| All other contributions, gifts, grants, and similar amounts not included above | $768,761 |
| Noncash contributions included in lines 1a–1f | $370,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,274,111 |
| Total Program Service Revenue | $4,746,300 |
| Investment income | $36,410 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,056,821 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $120,500 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $352,734 |
| Compensation of current officers, directors, key employees. | $352,734 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,829,066 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $569,915 |
| Payroll taxes | $0 |
| Fees for services: Management | $92,816 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $63,445 |
| Office expenses | $354,890 |
| Information technology | $547,884 |
| Royalties | $0 |
| Occupancy | $1,055,938 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $160,463 |
| Interest | $17,184 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $226,680 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $6,494,773 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,415,556 |
| Pledges and grants receivable | $5,721 |
| Accounts receivable, net | $461,727 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $403,353 |
| Net Land, buildings, and equipment | $395,786 |
| Investments—publicly traded securities | $2,945,828 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,778,752 |
| Total assets | $11,406,723 |
| Accounts payable and accrued expenses | $583,384 |
| Grants payable | $0 |
| Deferred revenue | $853,097 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $373,282 |
| Total liabilities | $1,809,763 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $9,596,960 |
| Total liabilities and net assets/fund balances | $11,406,723 |
Grants Awarded
Over the last fiscal year, Tulsa Performing Arts Center Trust has awarded $109,650 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
WORLD STAGE THEATER CO PURPOSE: THEATRE USAGE | $6,300 |
THEATRE TULSA PURPOSE: THEATRE USAGE | $15,000 |
TULSA BALLET PURPOSE: THEATRE USAGE | $20,000 |
TULSA SYMPHONY PURPOSE: FACILITY USAGE | $13,950 |
AMERICAN THEATRE COMPANY PURPOSE: THEATRE USAGE | $14,400 |
WISE MOVES ACADEMY PURPOSE: ORBIT COMMUNITY SATELLITE GRANT | $20,000 |