O H & Hattie Mae Lachenmeyer Development Tr
- Assets
- $607.0k
- Revenue
- $38.6k
- Investments
- $598.8k
- Employees
- 0
- Location
- Cushing, OK
- Founding
- 06/1981
- Data as of
- 06/2024
- EIN
- 73-1118154
Organization Overview
O H & Hattie Mae Lachenmeyer Development Tr is located in Cushing, OK. The organization was established in 1981. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. O H & Hattie Mae Lachenmeyer Development Tr 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, O H & Hattie Mae Lachenmeyer Development Tr generated $38.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (12.8%) each year. All expenses for the organization totaled $89.2k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE O.H. & HATTIE LACHENMEYER DEVELOPMENT TRUST OPERATES THE LACHENMEYER ARTS CENTER TO PROMOTE THE FINE ARTS IN THE CUSHING, OKLAHOMA COMMUNITY AND SURROUNDING AREAS. THE ARTS CENTER IS A PLACE WHERE STUDENTS, TEACHERS, AND ARTISTS CAN BE BROUGHT TOGETHER FOR PRODUCTIVE HANDS ON EXPERIENCES IN A VARIETY OF ART AREAS. THEY PROVIDE SPACE AND EQUIPMENT FOR LOCAL ART STUDENTS AND ARTISTS TO MEET AND WORK. THE CENTER ORGANIZES ART EXHIBITIONS, CLASSES, WORKSHOPS, AND A FESTIVAL, FESTIVAL IN THE PARK.IN THE FISCAL YEAR OF 2023 - 2024, THERE WERE 674 PEOPLE INCLUDING CHILDREN ATTENDING THE ART CENTER AND THERE WERE APPROXIMATELY 5,000 PEOPLE ATTENDING FESTIVAL IN THE PARK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emily Moore Trustee | 1 | $0 | |
Robert T Smith Director | 40 | $52,344 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $7,932 |
| Interest on Savings | $0 |
| Dividends & Interest | $22,106 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,242 |
| Capital Gain Net Income | $7,242 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,283 |
| Total Revenue | $38,563 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $52,344 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,568 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $1,040 |
| Other expenses | $16,080 |
| Total operating and administrative expenses | $89,158 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $89,158 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,919 |
| Savings and temporary cash investments | $3,646 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $732 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,545 |
| Total assets | $606,950 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $53 |
| Total liabilities | $53 |