Price Tower Arts Center Inc
- Assets
- $2.8m
- Revenue
- $395.5k
- Investments
- $0.0
- Employees
- 5
- Location
- Bartlesville, OK
- Founding
- 09/1986
- Data as of
- 12/2021
- EIN
- 73-1280004
Organization Overview
Price Tower Arts Center Inc is located in Bartlesville, OK. The organization was established in 1986. 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 12/2021, Price Tower Arts Center Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Price Tower Arts Center 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 12/2021, Price Tower Arts Center Inc generated $395.5k 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 (14.5%) each year. All expenses for the organization totaled $717.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.0%) 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
TO PROVIDE LOCAL, REGIONAL AND NATIONAL AUDIENCES WITH A MUSEUM DEDICATED TO THE DISPLAY OF ART, ARCHITECTURE AND DESIGN; AND TO PRESERVE AND INTERPRET THE PRICE TOWER, FRANK LLOYD WRIGHT'S ONLY BUILT SKYSCRAPER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRICE TOWER ARTS CENTER PRESERVES AND INTERPRETS FRANK LLOYD WRIGHT'S PIONEERING EXPERIMENT IN SKYSCRAPER DESIGN. THE ARTS CENTER OFFERS A VARIETY OF FORMS OF INTERPRETATION FOR VISITORS TO LEARN FROM WRIGHT'S DESIGN. ITS ARCHIVES ARE OPEN TO THE PUBLIC FOR RESEARCH THROUGH THE ARCHITECTURE STUDY CENTER. PRICE TOWER ARTS CENTER PROVIDES YEAR-ROUND EXHIBITIONS AND EDUCATIONAL PROGRAMS FOR ALL AGES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brad Doenges President | OfficerTrustee | $0 | |
Charlie Daniels Secretary | OfficerTrustee | $0 | |
Mark Haskell Treasurer | OfficerTrustee | $0 | |
Robbie Morris Vice Chairma | OfficerTrustee | $0 | |
Scott Hotz Trustee | Trustee | $0 | |
David Hale Trustee | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,849 |
| All other contributions, gifts, grants, and similar amounts not included above | $249,827 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $260,676 |
| Total Program Service Revenue | $99,079 |
| Investment income | $897 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $44,484 |
| Net Gain/Loss on Asset Sales | $1,830 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$11,442 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $395,524 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $182,642 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,707 |
| Payroll taxes | $17,572 |
| Fees for services: Management | $1,069 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,375 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,099 |
| Advertising and promotion | $17,459 |
| Office expenses | $0 |
| Information technology | $8,146 |
| Royalties | $0 |
| Occupancy | $268,647 |
| Travel | $22 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $15,515 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $99,239 |
| Insurance | $3,785 |
| All other expenses | $9,207 |
| Total functional expenses | $717,860 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,337 |
| Savings and temporary cash investments | $1,148 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,907 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,473,270 |
| Inventories for sale or use | $824 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,204,701 |
| Investments—publicly traded securities | $70,695 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $500 |
| Total assets | $2,762,382 |
| Accounts payable and accrued expenses | $5,325 |
| 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 | $275,103 |
| Total liabilities | $280,428 |
| Net assets without donor restrictions | $2,481,954 |
| 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 | $2,762,382 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Price Tower Arts Center Inc has recieved totaling $27.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $27 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Crystal Bridges Museum Of American Art Inc Bentonville, AR | $1,732,386,844 | $177,931,616 |
Denver Art Museum Inc Denver, CO | $201,676,348 | $57,180,332 |
Nelson Gallery Foundation Kansas City, MO | $610,782,059 | $25,702,378 |
Dallas Museum Of Art Dallas, TX | $327,815,938 | $26,890,508 |
Menil Foundation Inc Houston, TX | $910,076,505 | $43,342,663 |
Amon Carter Museum Of Western Art Fort Worth, TX | $91,879,509 | $15,302,046 |
San Antonio Museum Of Art San Antonio, TX | $94,200,252 | $14,610,399 |
Nasher Sculpture Center Dallas, TX | $5,120,886 | $11,192,016 |
Mcnay Art Museum San Antonio, TX | $88,824,083 | $12,922,550 |
Aspen Art Museum Aspen, CO | $45,036,257 | $9,544,522 |
Philbrook Museum Of Art Inc Tulsa, OK | $69,878,004 | $10,854,241 |
Georgia Okeeffe Museum Santa Fe, NM | $164,315,725 | $8,795,076 |