Tulsa Performing Arts Center Trust
- Assets
- $9.0m
- Revenue
- $6.5m
- Investments
- $0.0
- Employees
- 41
- Location
- Tulsa, OK
- Founding
- 06/1973
- Data as of
- 06/2022
- 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 06/2022, Tulsa Performing Arts Center Trust employed 41 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 06/2022, Tulsa Performing Arts Center Trust generated $6.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 43.2% each year . All expenses for the organization totaled $4.6m during the year ending 06/2022. While expenses have increased by 35.7% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Frie CEO | OfficerTrustee | 40 | $172,177 |
Jennifer Alden CFO & Treasurer | Officer | 40 | $150,774 |
Ken Busby Trustee | Trustee | 0.5 | $0 |
Wendy Drummond Trustee And Vice Chair | Trustee | 0.5 | $0 |
Glenda Silvey Trustee | Trustee | 0.5 | $0 |
Julie Smith Vice Chair | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,750,000 |
| Government grants | $2,118,794 |
| All other contributions, gifts, grants, and similar amounts not included above | $276,515 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,145,309 |
| Total Program Service Revenue | $2,101,743 |
| Investment income | $5,651 |
| 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 | $6,495,113 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $75,050 |
| 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. | $322,951 |
| Compensation of current officers, directors, key employees. | $322,951 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,505,595 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $474,108 |
| Payroll taxes | $0 |
| Fees for services: Management | $41,594 |
| 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 | $46,155 |
| Office expenses | $149,657 |
| Information technology | $313,409 |
| Royalties | $0 |
| Occupancy | $1,113,658 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $83,590 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $48,381 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,631,596 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,613,921 |
| Pledges and grants receivable | $17,945 |
| Accounts receivable, net | $35,327 |
| 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 | $19,584 |
| Net Land, buildings, and equipment | $260,854 |
| Investments—publicly traded securities | $2,618,891 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,442,070 |
| Total assets | $9,008,592 |
| Accounts payable and accrued expenses | $232,567 |
| Grants payable | $0 |
| Deferred revenue | $1,004,426 |
| 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 | $4,300 |
| Total liabilities | $1,241,293 |
| 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 | $7,767,299 |
| Total liabilities and net assets/fund balances | $9,008,592 |
Grants Awarded
Over the last fiscal year, Tulsa Performing Arts Center Trust has awarded $61,650 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
TULSA BALLET PURPOSE: THEATRE USAGE | $23,000 |
THEATRE TULSA PURPOSE: THEATRE USAGE | $15,000 |
Tulsa, OK PURPOSE: THEATRE USAGE | $12,400 |
AMERICAN THEATRE COMPANY PURPOSE: THEATRE USAGE | $11,250 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Tulsa Performing Arts Center Trust has recieved totaling $120,000.
| Awarding Organization | Amount |
|---|---|
Tulsa Community Foundation Tulsa, OK PURPOSE: GENERAL OPERATIONS | $45,000 |
George Kaiser Family Foundation Tulsa, OK PURPOSE: Imagination/Youth Audience Series | $35,000 |
The Albert And Hete Barthelmes Tulsa, OK PURPOSE: GENERAL OPERATIONS | $25,000 |
Arvest Foundation Bentonville, AR PURPOSE: ARTS & CULTURE - GENERAL OPERATING SUPPORT | $10,000 |
The Barnett Family Foundation Inc Tulsa, OK PURPOSE: PROMOTE AND SUPPORT ORGANIZATION'S EXEMPT PURPOSES | $5,000 |
Endowment Analysis
| Beg. Balance | $4,532,903 |
| Earnings | $810,040 |
| Ending Balance | $5,342,943 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Performing Arts Fort Worth Inc Fort Worth, TX | $130,618,856 | $15,938,262 |
Kauffman Center For The Performing Arts Kansas City, MO | $435,789,864 | $9,136,596 |
Starlight Theatre Association Of Kansas City Inc Kansas City, MO | $43,695,119 | $27,963,583 |
Dallas Summer Musicals Inc Dtd 121862 Dallas, TX | $10,391,803 | $15,176,693 |
Connect2culture Joplin, MO | $4,192,804 | $8,724,322 |
Greater Austin Performing Arts Center Austin, TX | $60,832,333 | $4,600,967 |
Oklahoma Contemporary Arts Center Inc Oklahoma City, OK | $30,073,274 | $4,620,457 |
Stages Houston, TX | $35,203,862 | $5,949,704 |
Vilar Center Arts Foundation Avon, CO | $21,813,325 | $6,525,406 |
Lubbock Entertainment And Performing Arts Association Lubbock, TX | $190,146,565 | $3,966,271 |
Tulsa Performing Arts Center Trust Tulsa, OK | $9,008,592 | $6,495,113 |
Center For The Arts Crested Butte, CO | $20,478,017 | $2,980,319 |