The Oscar Jacobson Foundation
- Assets
- $296.5k
- Revenue
- $37.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Norman, OK
- Founding
- 04/1987
- Data as of
- 12/2021
- EIN
- 73-1294329
Organization Overview
The Oscar Jacobson Foundation is located in Norman, OK. The organization was established in 1987. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oscar Jacobson Foundation 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, Oscar Jacobson Foundation generated $37.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.8%) each year. All expenses for the organization totaled $34.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.8%) per year over the past 7 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 SHOWCASE AND EDUCATE THE PUBLIC ON NATIVE AMERICAN ART.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ENRICH THE COMMUNITY WITH CONTINUED EDUCATION OF TALENTED ARTISTS WORK EXHIBITED AT THE JACOBSON HOUSE. WE ACHIEVE THIS BY BRINGING TO THE COMMUNITY AND STATE OF OKLAHOMA LECTURES, WORKSHOPS, CULTERAL ACTIVITIES AND ART EXHIBITS. THESE SUBJECTS ARE TAUGHT THROUGH LIVE INTEREACTION WITH THE ARTISTS, OR ONE ON ONE DEMONSTRATIONS, OR WORKSHOPS AND EXHIBITS THAT CONTINUE AN ONGOING THEME. ENRICHMENT FOR THE COMMUNITY TAUGHT THROUGH BOOKS, FILMS, ORAL AND WRITTEN HISTORY, DANCING, SINGING, PERMANANT AND REVOLVING ART COLLECTIONS. PRIVATE AND PUBLIC COLLECTIONS ARE SHARED FOR ALL TO SEE AND LEARN ABOUT. WE ALSO HAVE AUTHENTIC NATIVE AMERICAN CREATED ART PIECES. THESE CONSIST OF JEWELRY AND PAINTINGS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Hamm Secretary | OfficerTrustee | 4 | $0 |
Tracey Satepauhoodle-Mikkanen Chair | OfficerTrustee | 4 | $0 |
Brent Greenwood Vice-Chair | OfficerTrustee | 4 | $0 |
Eric Singleton Ph D Treasurer | OfficerTrustee | 4 | $0 |
Nelson Baken Director | Trustee | 2 | $0 |
Mary Holt Directer | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $16,219 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,005 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,224 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,034 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $37,361 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,625 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $837 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,190 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,200 |
| Insurance | $2,338 |
| All other expenses | $12,162 |
| Total functional expenses | $34,162 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,979 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $7,096 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $52,255 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $218,202 |
| Total assets | $296,532 |
| Accounts payable and accrued expenses | $7,062 |
| 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 | $25,562 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $32,624 |
| Net assets without donor restrictions | $263,908 |
| 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 | $296,532 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Oscar Jacobson Foundation has recieved totaling $1,500.
| Awarding Organization | Amount |
|---|---|
Kirkpatrick Foundation Inc Oklahoma City, OK PURPOSE: GENERAL SUPPORT | $1,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Science Museum Oklahoma Inc Oklahoma City, OK | $87,882,272 | $6,278,809 |
Fort Worth Museum Of Science And History Fort Worth, TX | $55,575,767 | $8,824,812 |
Holocaust Museum Houston Houston, TX | $41,860,555 | $7,348,837 |
The Arts And Recreation Foundation Of Overland Park Inc Overland Park, KS | $7,303,812 | $3,542,683 |
Gilcrease Museum Management Trust Tulsa, OK | $58,936,912 | $9,269,478 |
Lady Lex Museum On The Bay Association Corpus Christi, TX | $13,577,755 | $8,975,317 |
Exploration Place Inc Wichita, KS | $29,741,149 | $4,435,159 |
Medal Of Honor Museum Foundation Arlington, TX | $99,959,490 | $88,628,383 |
Cosmosphere Inc Hutchinson, KS | $12,276,263 | $5,989,265 |
Indian Pueblo Cultural Center Inc Albuquerque, NM | $8,961,229 | $4,518,580 |
Battleship Texas Foundation Inc Houston, TX | $9,923,977 | $4,711,164 |
Unlimited Opportunities Inc Boonville, MO | $6,714,259 | $4,941,880 |