Oklahoma Philharmonic Society Inc
- Assets
- $16.6m
- Revenue
- $6.4m
- Investments
- $0.0
- Employees
- 193
- Location
- Oklahoma City, OK
- Founding
- 12/1988
- Data as of
- 06/2022
- EIN
- 73-1328565
Organization Overview
Oklahoma Philharmonic Society Inc is located in Oklahoma City, OK. The organization was established in 1988. According to its NTEE Classification (A69) the organization is classified as: Symphony Orchestras, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Oklahoma Philharmonic Society Inc employed 193 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oklahoma Philharmonic Society 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 06/2022, Oklahoma Philharmonic Society Inc generated $6.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $5.7m during the year ending 06/2022. While expenses have increased by 1.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING ORCHESTRA PERFORMANCES FOR THE PUBLIC
Describe the Organization's Program Activity:
A REGULAR SEASON OF 8 CLASSIC CONCERTS WHICH PRESERVE THE ORCHESTRAL TRADITION, 6 POPS CONCERTS WHICH BRING IN NEW AUDIENCES THROUGH POPULAR MUSIC, AND 3 DISCOVERY KIDS CONCERTS WHICH PROVIDE ENTERTAINMENT AND EDUCATIONAL ENRICHMENT TO THE YOUTH OF OKLAHOMA CITY. THESE 17 CONCERTS PROVIDE CULTURAL ENRICHMENT FOR THE COMMUNITY AT LARGE.
AN ARRAY OF EDUCATIONAL AND COMMUNITY ENGAGEMENT ACTIVITIES THAT PROVIDE COMMUNITY MEMBERS FROM INFANTS TO ADULTS WITH AFFORDABLE OR FREE ACTIVITIES. THESE INCLUDE "WE'VE GOT RHYTHM", "SOCIETY OF STRINGS", YOUTH CONCERTS, AND PARTNERSHIPS WITH THE OKLAHOMA CITY BALLET AND THE CANTERBURY VOICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John A Mickelthwate Music Director | Officer | 40 | $165,387 |
Agnieszka Rakhmatullaev Executive Director | Officer | 40 | $158,347 |
Jerrod Shouse Vice President | OfficerTrustee | 0.4 | $0 |
Jane Jayroe Gamble President Elect | OfficerTrustee | 0.4 | $0 |
Brent Hart President | OfficerTrustee | 0.4 | $0 |
Kelly Sachs Secretary | OfficerTrustee | 0.4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Titan Production Services | 6/29/22 | $125,777 |
Civic Center Foundation Concert Venue | 6/29/22 | $365,637 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $211,672 |
| Related organizations | $103,329 |
| Government grants | $1,758,286 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,447,521 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,520,808 |
| Total Program Service Revenue | $1,919,410 |
| Investment income | $3,299 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$57,139 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,401,721 |
| 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. | $374,741 |
| Compensation of current officers, directors, key employees. | $180,584 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,712,941 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $166,189 |
| Payroll taxes | $243,186 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,736 |
| Fees for services: Accounting | $43,279 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $37,027 |
| Advertising and promotion | $248,726 |
| Office expenses | $100,509 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $68,607 |
| Travel | $86,939 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,275 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,236 |
| Insurance | $46,506 |
| All other expenses | $287,438 |
| Total functional expenses | $5,669,125 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $447,540 |
| Savings and temporary cash investments | $3,469,270 |
| Pledges and grants receivable | $425,281 |
| Accounts receivable, net | $319,189 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $323,818 |
| Net Land, buildings, and equipment | $105,788 |
| Investments—publicly traded securities | $199,388 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,312,569 |
| Total assets | $16,602,843 |
| Accounts payable and accrued expenses | $129,059 |
| Grants payable | $0 |
| Deferred revenue | $823,526 |
| 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 | $0 |
| Total liabilities | $952,585 |
| Net assets without donor restrictions | $3,316,065 |
| Net assets with donor restrictions | $12,334,193 |
| 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 | $16,602,843 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Oklahoma Philharmonic Society Inc has recieved totaling $84,250.
| Awarding Organization | Amount |
|---|---|
Kirkpatrick Foundation Inc Oklahoma City, OK PURPOSE: GENERAL SUPPORT | $60,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $12,250 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $5,000 |
Clements Foods Foundation Oklahoma City, OK PURPOSE: GENERAL PURPOSE | $5,000 |
Amy And David Sine Family Foundation Oklahoma City, OK PURPOSE: GENERAL OPERATIONS | $1,500 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $500 |
Endowment Analysis
| Beg. Balance | $12,737,434 |
| Earnings | -$1,033,277 |
| Net Contributions | $140,000 |
| Grants | $531,588 |
| Ending Balance | $11,312,569 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kansas City Symphony Kansas City, MO | $64,822,369 | $17,397,853 |
Colorado Symphony Association Denver, CO | $12,961,781 | $18,715,868 |
Fort Worth Symphony Orchestra Association Inc Fort Worth, TX | $39,389,813 | $15,284,563 |
Saint Louis Symphony Endowment Trust Saint Louis, MO | $280,111,729 | $18,922,089 |
Oklahoma Philharmonic Society Inc Oklahoma City, OK | $16,602,843 | $6,401,721 |
Austin Symphony Orchestra Society Austin, TX | $7,592,727 | $4,195,926 |
Tulsa Symphony Orchestra Inc Tulsa, OK | $3,114,616 | $2,041,644 |
Amarillo Symphony Inc Amarillo, TX | $5,802,759 | $2,592,502 |
The Arkansas Symphony Orchestra Society Inc Little Rock, AR | $14,211,799 | $5,063,125 |
Symphony Society Of San Antonio San Antonio, TX | $0 | $201,376 |
New Mexico Philharmonic Inc Albuquerque, NM | $458,933 | $1,791,722 |
Wichita Symphony Society Inc Wichita, KS | $8,512,602 | $2,677,998 |