Oklahoma City Museum Of Art
- Assets
- $47.8m
- Revenue
- $5.7m
- Investments
- $5.7m
- Employees
- 98
- Location
- Oklahoma City, OK
- Founding
- 12/1946
- Data as of
- 06/2024
- EIN
- 73-0528431
Organization Overview
Oklahoma City Museum Of Art is located in Oklahoma City, OK. The organization was established in 1946. According to its NTEE Classification (A51) the organization is classified as: Art Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2024, Oklahoma City Museum Of Art employed 98 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oklahoma City Museum Of Art 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 06/2024, Oklahoma City Museum Of Art generated $5.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $7.0m during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE OKLAHOMA CITY MUSEUM OF ART IS TO "ENRICH LIVES THROUGH THE VISUAL ARTS." THE MUSEUM ACCOMPLISHES THIS MISSION THROUGH ITS MANY ACTIVITIES. THE MUSEUM ACTIVELY COLLECTS WORKS OF ART AND DISPLAYS THEM IN GALLERIES OPEN TO THE PUBLIC. THE MUSEUM'S PERMANENT COLLECTION FORMS THE BASIS FOR SPECIAL EXHIBITIONS ON ART HISTORICAL TOPICS AND IS USED TO CONDUCT RESEARCH AND DISSEMINATE NEW SCHOLARSHIP TO THE GENERAL PUBLIC. THE MUSEUM HOSTS SPECIAL EXHIBITIONS ORGANIZED BY OTHER INSTITUTIONS PERMITTING A RANGE OF SUBJECT MATTER AND WORKS OF ART OUTSIDE THE SCOPE OF THE MUSEUM'S OWN COLLECTION. A DIVERSITY OF EDUCATIONAL PROGRAMS-RANGING FROM TOURS, CLASSES, IN-GALLERY EXPERIENCES, AND LECTURES-ARE GEARED TO VISITORS OF ALL AGES. THE MUSEUM IS ACCESSIBLE TO INDIVIDUALS WITH PHYSICAL AND SENSORY DISABILITIES. THE MUSEUM FILM PROGRAM COLLECTS HISTORIC AND CONTEMPORARY ARTS OF THE MOVING IMAGES IN ADDITION TO BEING THE ONLY CINEMA IN THE REGION SHOWING INDEPENDENT, FOREIGN, AND R
Describe the Organization's Program Activity:
EXHIBITIONS: THE MUSEUM ORGANIZES AND PRESENTS EXHIBITIONS RELATED TO ITS PRIMARY AREAS OF FOCUS - 19TH AND 20TH CENTURY AMERICAN ART, EUROPEAN ART, CONTEMPORARY ART, PHOTOGRAPHY, FILM AND STUDIO GLASS. ADDITIONALLY, THE MUSEUM HOSTS TRAVELING EXHIBITIONS ORGANIZED BY ART MUSEUMS THROUGHOUT THE WORLD WITH A DIVERSITY OF ART HISTORICAL THEMES AND STYLES. RECENT EXAMPLES INCLUDE EDITH HEAD: HOLLYWOOD'S COSTUME DESIGNER, TRUE NATURE: RODIN AND THE AGE OF IMPRESSIONISM, AND THE PAINTERS OF POMPEII: ROMAN FRESCOES FROM THE NATIONAL ARCHEALOGICAL MUSEUM, NAPLES. THE MUSEUM'S EXHIBITIONS DRAW VISITORS FROM 50 STATES AND MORE THAN 10 FOREIGN COUNTRIES WITH ATTENDANCE OF OVER 66,000 GUESTS AND AN ECONOMIC IMPACT OF OVER $8,000,000 TO THE CITY. TOTAL ATTENDANCE TO THE MUSEUM EXCEEDS 100,000 VISITORS ANNUALLY.
COLLECTIONS
EDUCATION: THE MUSEUM'S DIVISION OF LEARNING OFFERS CLASSES, LECTURES, TOURS, OUTREACH PROGRAMS, DISTANCE LEARNING AND GALLERY-BASED LEARNING EXPERIENCES FOR VISITORS OF ALL AGES, WITH SPECIAL PROGRAMS SERVING VISITORS WITH ACCESSIBILITY NEEDS. THE VARIOUS PROGRAMS SERVE MORE THAN 15,000 CHILDREN AND ADULTS PER YEAR.
FILM: THE MUSEUM'S FILM PROGRAM IS THE REGION'S FINEST PROGRAM IN INDEPENDENT AND FOREIGN CINEMA. THE MUSEUM PRESENTS OVER 350 SCREENINGS ANNUALLY EVERY THURSDAY-SUNDAY, SERVING OVER 12,000 PEOPLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Suzette Hatfield Chairperson | OfficerTrustee | 5 | $0 |
Julie Hall Immediate Past Chairperson | OfficerTrustee | 4 | $0 |
Amy Bankhead Trustee | Trustee | 0 | $0 |
Bob Barnard Vice-Chairperson | OfficerTrustee | 0.88 | $0 |
Paula Barrington Trustee | Trustee | 0.69 | $0 |
J Edward Barth Vice-Chairperson | OfficerTrustee | 0.69 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $611,091 |
| Fundraising events | $426,180 |
| Related organizations | $0 |
| Government grants | $25,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,060,220 |
| Noncash contributions included in lines 1a–1f | $257,134 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,122,491 |
| Total Program Service Revenue | $619,369 |
| Investment income | $707,954 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $29,990 |
| Net Rental Income | $36,424 |
| Net Gain/Loss on Asset Sales | -$26,361 |
| Net Income from Fundraising Events | -$104,543 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$10,022 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,683,028 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $331,602 |
| Compensation of current officers, directors, key employees. | $172,951 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,600,630 |
| Pension plan accruals and contributions | $3,292 |
| Other employee benefits | $522,661 |
| Payroll taxes | $73,225 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,256 |
| Fees for services: Accounting | $64,869 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $45,475 |
| Fees for services: Other | $0 |
| Advertising and promotion | $270,704 |
| Office expenses | $10,457 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $627,776 |
| Travel | $71,746 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,019 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $668,775 |
| Insurance | $57,364 |
| All other expenses | $288,011 |
| Total functional expenses | $7,045,090 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $156,917 |
| Savings and temporary cash investments | $4,542,975 |
| Pledges and grants receivable | $1,100,052 |
| Accounts receivable, net | $84,932 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $300,600 |
| Prepaid expenses and deferred charges | $194,946 |
| Net Land, buildings, and equipment | $15,415,728 |
| Investments—publicly traded securities | $20,320,460 |
| Investments—other securities | $5,690,434 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $47,807,044 |
| Accounts payable and accrued expenses | $648,870 |
| 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 | $273,949 |
| Other liabilities | $0 |
| Total liabilities | $922,819 |
| Net assets without donor restrictions | $27,154,281 |
| Net assets with donor restrictions | $19,729,944 |
| 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 | $47,807,044 |