Red Earth Inc
- Assets
- $947.5k
- Revenue
- $284.8k
- Investments
- $0.0
- Employees
- 7
- Location
- Oklahoma City, OK
- Founding
- 01/1982
- Data as of
- 08/2023
- EIN
- 73-1137755
Organization Overview
Red Earth Inc is located in Oklahoma City, OK. The organization was established in 1982. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 08/2023, Red Earth Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Red Earth Inc 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 08/2023, Red Earth Inc generated $284.8k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $270.1k during the year ending 08/2023. As we would expect to see with falling revenues, expenses have declined by (3.4%) per year over the past 8 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
RED EARTH, INC. PROMOTES THE RICH TRADITIONS OF AMERICAN INDIAN ARTS AND CULTURES THROUGH EDUCATION, A PREMIER FESTIVAL, A MUSEUM AND FINE ART MARKETS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE RED EARTH ANNUAL FESTIVAL IS THE LARGEST AND MOST RESPECTED NATIVE AMERICAN VISUAL AND PERFORMING ARTS EVENT OF ITS TYPE IN THE WORLD, WHICH PROMOTES AND PRESERVES NATIVE AMERICAN INDIAN CULTURE.
THE RED EARTH ART CENTER HOSTS A RESPECTED PERMANENT COLLECTION OF OVER 1,000 ITEMS OF NATIVE AMERICAN FINE ART, POTTERY, BASKETS, TEXTILES AND BEADWORK. THE ART CENTER ACTIVITIES INCLUDE AN EDUCATION PROGRAM AND NUMEROUS SPECIAL EVENTS THROUGHOUT THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christy Alcox Ex Directo | Officer | 40 | $40,763 |
Mechelle Aitson-Roessler Treasurer | OfficerTrustee | 1 | $0 |
Lona Barrick Director | Trustee | 1 | $0 |
Paula Cagigal Director | Trustee | 1 | $0 |
Dyke Crosby Director | Trustee | 1 | $0 |
Jack Fowler Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $79,079 |
| All other contributions, gifts, grants, and similar amounts not included above | $120,780 |
| Noncash contributions included in lines 1a–1f | $20,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $199,859 |
| Total Program Service Revenue | $62,206 |
| Investment income | $0 |
| 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 | $22,770 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $284,835 |
| 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. | $42,220 |
| Compensation of current officers, directors, key employees. | $3,378 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $60,345 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $332 |
| Payroll taxes | $7,975 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,143 |
| Advertising and promotion | $25,136 |
| Office expenses | $3,959 |
| Information technology | $300 |
| Royalties | $0 |
| Occupancy | $43,980 |
| Travel | $343 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,228 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,144 |
| Insurance | $6,897 |
| All other expenses | $7,368 |
| Total functional expenses | $270,129 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,381 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $35,597 |
| Accounts receivable, net | $7,975 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $9,998 |
| Prepaid expenses and deferred charges | $6,271 |
| Net Land, buildings, and equipment | $22,536 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $826,746 |
| Total assets | $947,504 |
| Accounts payable and accrued expenses | $12,147 |
| Grants payable | $0 |
| Deferred revenue | $16,819 |
| 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 | $30,000 |
| Other liabilities | $450 |
| Total liabilities | $59,416 |
| Net assets without donor restrictions | $888,088 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $947,504 |