Oklahoma Contemporary Arts Center Inc
- Assets
- $27.0m
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 137
- Location
- Oklahoma City, OK
- Founding
- 08/1989
- Data as of
- 06/2023
- EIN
- 73-1334271
Organization Overview
Oklahoma Contemporary Arts Center Inc is located in Oklahoma City, OK. The organization was established in 1989. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2023, Oklahoma Contemporary Arts Center Inc employed 137 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oklahoma Contemporary 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 06/2023, Oklahoma Contemporary Arts Center Inc generated $5.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $6.7m during the year ending 06/2023. 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
OKLAHOMA CONTEMPORARY ARTS CENTER ENCOURAGES ARTISTIC EXPRESSION IN ALL ITS FORMS THROUGH EDUCATION,EXHIBITIONS, AND PERFORMANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OKLAHOMA CONTEMPORARY ARTS CENTER IS A MULTIDISCIPLINARY CONTEMPORARY ARTS ORGANIZATION, PROVIDING A CATALYST FOR THE EXPLORATION OF CREATIVITY AND CONTEMPORARY PRACTICE THROUGH A PROGRAM OF GROUNDBREAKING EXHIBITIONS, PERFORMANCES AND EDUCATIONAL PROGRAMS. OKLAHOMA CONTEMPORARY'S NEW HOME FOR VISUAL ART, EDUCATION AND PERFORMANCE WILL DRAMATICALLY INCREASE OKLAHOMA CONTEMPORARY'S CAPACITY FOR FREE, INTERNATIONALLY RELEVANT EXHIBITIONS AND PROGRAMMING AND INCREASE ART ACCESS AND EDUCATION FOR CITIZENS OF OKLAHOMA, STUDENTS AND VISITORS ALIKE. AT ITS CORE, THE INSTITUTION IS AN INCLUSIVE SPACE. OKLAHOMA CONTEMPORARY BELIEVES THAT ART IS FOR EVERYONE AND PLACES ACCESSIBILITY AND EDUCATION AT THE CENTER OF ALL PROGRAMMING. EXHIBITIONS ARE ALWAYS FREE. YOU ARE ALWAYS WELCOME HERE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeremiah Davis Director | Officer | 40 | $229,090 |
Christian Keesee Chairman | OfficerTrustee | 1 | $0 |
Robert Clements President | OfficerTrustee | 1 | $0 |
Melissa Scaramucci Vice President | OfficerTrustee | 1 | $0 |
Kim Bruno Secretary | OfficerTrustee | 1 | $0 |
Mary Molly Tolbert Treasurer / President Elect | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
United Mechanical Hvac Maintenance Contracts & Repair Services | 6/29/23 | $127,663 |
Bravo Building Services Cleaning Services | 6/29/23 | $162,202 |
Direct Protective Services Security Services | 6/29/23 | $151,167 |
Transport Consultants International Inc Art Transportation | 6/29/23 | $137,875 |
Kate Green Interim Curator | 6/29/23 | $123,615 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $251,579 |
| Related organizations | $0 |
| Government grants | $551,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,725,374 |
| Noncash contributions included in lines 1a–1f | $17,528 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,527,953 |
| Total Program Service Revenue | $357,071 |
| Investment income | $52,075 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $120,853 |
| Net Gain/Loss on Asset Sales | $900 |
| Net Income from Fundraising Events | -$37,993 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $70,260 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,153,113 |
| 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. | $233,846 |
| Compensation of current officers, directors, key employees. | $81,846 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,501,396 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $485,040 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,560 |
| Fees for services: Accounting | $89,349 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $612,067 |
| Advertising and promotion | $347,159 |
| Office expenses | $126,102 |
| Information technology | $164,654 |
| Royalties | $0 |
| Occupancy | $158,534 |
| Travel | $41,921 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $257 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $973,316 |
| Insurance | $86,371 |
| All other expenses | $84,095 |
| Total functional expenses | $6,741,770 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,068,293 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $366,533 |
| 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 | $53,592 |
| Prepaid expenses and deferred charges | $83,377 |
| Net Land, buildings, and equipment | $25,426,789 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $26,998,584 |
| Accounts payable and accrued expenses | $335,032 |
| Grants payable | $0 |
| Deferred revenue | $144,956 |
| 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 | $479,988 |
| Net assets without donor restrictions | $23,178,096 |
| Net assets with donor restrictions | $3,340,500 |
| 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 | $26,998,584 |