Greenwood Cultural Center Inc
- Assets
- $500.7k
- Revenue
- $782.7k
- Investments
- $0.0
- Employees
- 7
- Location
- Tulsa, OK
- Founding
- 03/1994
- Data as of
- 06/2021
- EIN
- 73-1436295
Organization Overview
Greenwood Cultural Center Inc is located in Tulsa, OK. The organization was established in 1994. According to its NTEE Classification (P30) the organization is classified as: Children & Youth Services, under the broad grouping of Human Services and related organizations. As of 06/2021, Greenwood Cultural Center Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greenwood Cultural 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 06/2021, Greenwood Cultural Center Inc generated $782.7k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 23.5% each year . All expenses for the organization totaled $565.5k during the year ending 06/2021. While expenses have increased by 13.2% per year over the past 3 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CAPTURE, PRESERVE, AND TEACH AFRICAN-AMERICAN CULTURE AND HERITAGE. TO PRESENT EDUCATIONAL AND CULTURAL EXPERIENCES TO FOSTER INTERCULTURAL EXCHANGE AND PROMOTE CULTURAL TOURISM.
Describe the Organization's Program Activity:
GCC LED THE CITY OF TULSA AND THE NATION IN RECOGNIZING THE 100-YEAR COMMEMORATION OF THE 1921 TULSA RACE MASSACRE. ALONG WITH TULSA PUBLIC SCHOOLS CREATED A CURRICULUM TO TEACH THE HISTORY OF BLACK WALL STREET AND THE 1921 TULSA RACE MASSACRE & MADE SEVERAL LESSON PLANS FOR VARIOUS AGE GROUPS AVAILABLE ON ITS WEBSITE. WORKED WITH MICROSOFT TO CREATE A SECTION ON MICROSOFT'S MINECRAFT: EDUCATION EDITION THAT TEACHES THE HISTORY OF THE GREENWOOD DISTRICT TO MILLIONS OF STUDENTS AROUND THE WORLD. GCC COLLABORATED WITH THE GATHERING PLACE IN TULSA & SERVED AS THE HOST FOR THE KINSEY AFRICAN AMERICAN ART & HISTORY COLLECTION. THE EXHIBIT IS ONE OF THE LARGEST AND MOST PRESTIGIOUS AFRICAN AMERICAN ART AND HISTORY COLLECTIONS IN THE WORLD.
HOSTED "BLACK WALL STREET": AN ARTISTIC REFLECTION," IS A MUSICAL THAT INCORPORATES MUSIC, DANCE, POETRY & STORYTELLING. THE SHOW COMMEMORATES THE 1921 TULSA RACE MASSACRE THROUGH THE ARTS. GCC HOSTED A FILM FESTIVAL, A "YOUNG ENTREPRENEURS" EXPO, A VIRTUAL REALITY FILM BY AYANA BARAKA THAT FEATURED DR. OLIVIA J. HOOKER,A TULSA RACE MASSACRE SURVIVOR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Laverne Ford Wimberly Board Chair | OfficerTrustee | 0 | $0 |
Retired Judge Jesse Harris Treasurer | OfficerTrustee | 0 | $0 |
Rev Terry Buxton Secretary | OfficerTrustee | 0 | $0 |
Frances Jordan Rakestraw Executive Director | Officer | 40 | $71,700 |
Rev Martin Lavanhar Member | Trustee | 0 | $0 |
Dr Anne A Ghost Bear Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $777,231 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $21,600 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$14,890 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$1,192 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $782,749 |
| Statement of Expenses | |
|---|---|
| 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. | $71,700 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $106,672 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $34,291 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $932 |
| Office expenses | $33,906 |
| Information technology | $18,221 |
| Royalties | $0 |
| Occupancy | $215,819 |
| Travel | $372 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,838 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $565,476 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $395,708 |
| Savings and temporary cash investments | $20,374 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $27,500 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,000 |
| Total assets | $500,716 |
| Accounts payable and accrued expenses | $43,146 |
| Grants payable | $112,216 |
| Deferred revenue | $36,173 |
| 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 | $191,535 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $309,181 |