Living Arts Of Tulsa Incorporated
- Assets
- $211.2k
- Revenue
- $579.4k
- Investments
- $6.0k
- Employees
- 3
- Location
- Tulsa, OK
- Founding
- 08/1976
- Data as of
- 06/2021
- EIN
- 23-7394502
Organization Overview
Living Arts Of Tulsa Incorporated is located in Tulsa, OK. The organization was established in 1976. According to its NTEE Classification (A26) the organization is classified as: Arts & Humanities Councils & Agencies, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Living Arts Of Tulsa Incorporated employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Living Arts Of Tulsa Incorporated 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 06/2021, Living Arts Of Tulsa Incorporated generated $579.4k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $424.8k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (7.6%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
LIVING ARTS PRESENTS AND DEVELOPS CRITICALLY-ENGAGED CONTEMPORARY ART IN TULSA, OK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIVING ARTS CURATES ONGOING VISUAL EXHIBITIONS FOR THE COMMUNITY, PROVIDES EDUCATION PROGRAMS AND FORUMS, AND ORGANIZES COMMUNITY FESTIVALS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heather Duncan Executive Director | Officer | 30 | $49,800 |
Ranan Gangel Vice Chair | OfficerTrustee | 1 | $0 |
Tarajean Warren Secretary | OfficerTrustee | 1 | $0 |
Torii Ransome Freeman Board Chair | OfficerTrustee | 1 | $0 |
Michael Balenti Treasurer | OfficerTrustee | 1 | $0 |
Noam Faingold Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $8,263 |
| Fundraising events | $9,203 |
| Related organizations | $0 |
| Government grants | $86,917 |
| All other contributions, gifts, grants, and similar amounts not included above | $383,735 |
| Noncash contributions included in lines 1a–1f | $8,363 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $488,118 |
| Total Program Service Revenue | $9,975 |
| Investment income | $2 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $41,939 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $783 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,738 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $579,379 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $11,000 |
| 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. | $49,536 |
| Compensation of current officers, directors, key employees. | $11,889 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $97,605 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,429 |
| Payroll taxes | $10,493 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,045 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $37,784 |
| Advertising and promotion | $10,820 |
| Office expenses | $18,210 |
| Information technology | $3,050 |
| Royalties | $0 |
| Occupancy | $87,474 |
| Travel | $450 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,239 |
| Insurance | $5,180 |
| All other expenses | $12,229 |
| Total functional expenses | $424,819 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $105,157 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $63,000 |
| Accounts receivable, net | $16,043 |
| 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 | $8,440 |
| Net Land, buildings, and equipment | $12,534 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $6,043 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $211,217 |
| Accounts payable and accrued expenses | $4,330 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $27,977 |
| Other liabilities | $7,325 |
| Total liabilities | $39,632 |
| Net assets without donor restrictions | $51,768 |
| Net assets with donor restrictions | $119,817 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $211,217 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Living Arts Of Tulsa Incorporated has recieved totaling $219,617.
| Awarding Organization | Amount |
|---|---|
George Kaiser Family Foundation Tulsa, OK PURPOSE: General Operations | $100,000 |
George Kaiser Family Foundation Tulsa, OK PURPOSE: COVID-19, Public Art Project | $66,550 |
Tulsa Community Foundation Tulsa, OK PURPOSE: GENERAL OPERATIONS | $25,000 |
National Performance Network Inc New Orleans, LA PURPOSE: Creation and Development Fund | $10,031 |
Judith And Jean Adams Charitable Foundation Wichita, KS PURPOSE: DONOR MANAGEMENT PLATFORM | $10,000 |
Anne And Henry Zarrow Foundation Tulsa, OK PURPOSE: TULSA RACE MASSACRE CENTENNIAL PROJECT | $8,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Walton Arts Center Council Inc Fayetteville, AR | $96,355,253 | $44,644,953 |
Houston Arts Alliance Houston, TX | $29,688,694 | $26,121,886 |
Western States Arts Federation Denver, CO | $9,116,686 | $6,773,845 |
Mid-America Arts Alliance Kansas City, MO | $12,444,344 | $5,873,119 |
Arts Council Of Oklahoma City Oklahoma City, OK | $5,417,646 | $3,471,903 |
Regional Cultural & Performing Arts Development Commission St Louis, MO | $5,092,606 | $4,539,915 |
Arts And Humanities Council Of Tulsa Inc Tulsa, OK | $13,547,923 | $1,595,922 |
Loveland High Plains Arts Council Inc Loveland, CO | $824,395 | $2,062,390 |
Arts & Education Council Of Greater St Louis St Louis, MO | $3,607,788 | $2,239,386 |
Metropolitan Arts Council Of Greater Kansas City Kansas City, MO | $1,490,400 | $2,232,014 |
Civic Lubbock Inc Lubbock, TX | $2,399,838 | $1,804,264 |
Artpace Inc San Antonio, TX | $4,747,624 | $2,060,315 |