Living Arts Of Tulsa Incorporated
- Assets
- $228.2k
- Revenue
- $468.0k
- Investments
- $0.0
- Employees
- 5
- Location
- Tulsa, OK
- Founding
- 08/1976
- Data as of
- 06/2023
- 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 06/2023, Living Arts Of Tulsa Incorporated employed 5 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 06/2023, Living Arts Of Tulsa Incorporated generated $468.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.3%) each year. All expenses for the organization totaled $504.4k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (4.9%) 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
2023
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 |
|---|---|---|---|
Ranan Gangel President | OfficerTrustee | 1 | $0 |
Lucia Carballo Oberle Vice President | OfficerTrustee | 1 | $0 |
Michael Balenti Treasurer | OfficerTrustee | 1 | $0 |
Derek Ball Secretary | OfficerTrustee | 1 | $0 |
Dana Birkes Director | Trustee | 1 | $0 |
Torii Ransome Freeman Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $7,179 |
| Fundraising events | $39,900 |
| Related organizations | $0 |
| Government grants | $26,695 |
| All other contributions, gifts, grants, and similar amounts not included above | $235,707 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $309,481 |
| Total Program Service Revenue | $68,518 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $84,813 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $5,188 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $468,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,800 |
| 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. | $53,378 |
| Compensation of current officers, directors, key employees. | $12,810 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $95,473 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,824 |
| Payroll taxes | $13,376 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $26,107 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $89,823 |
| Advertising and promotion | $10,310 |
| Office expenses | $31,093 |
| Information technology | $6,835 |
| Royalties | $0 |
| Occupancy | $101,329 |
| Travel | $0 |
| 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 | $3,933 |
| Insurance | $6,343 |
| All other expenses | $21,655 |
| Total functional expenses | $504,436 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $171,626 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $23,000 |
| Accounts receivable, net | $8,382 |
| 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 | $5,432 |
| Net Land, buildings, and equipment | $19,745 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $228,185 |
| Accounts payable and accrued expenses | $14,983 |
| 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 | $0 |
| Other liabilities | $3,310 |
| Total liabilities | $18,293 |
| Net assets without donor restrictions | -$6,108 |
| Net assets with donor restrictions | $216,000 |
| 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 | $228,185 |