Oklahoma International Bluegrass Festival Inc
- Assets
- $208.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Guthrie, OK
- Founding
- 09/1996
- Data as of
- 12/2023
- EIN
- 73-1499935
Organization Overview
Oklahoma International Bluegrass Festival Inc is located in Guthrie, OK. The organization was established in 1996. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, 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. Oklahoma International Bluegrass Festival 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 12/2023, Oklahoma International Bluegrass Festival Inc generated $69.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (8.3%) each year. All expenses for the organization totaled $74.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (6.6%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
SCHOLARSHIPS GIVEN TO YOUTH INTERESTED IN LEARNING BLUEGRASS MUSIC
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doug Hawthorne Director | 2 | $0 | |
Kenny Parks Director | 4 | $0 | |
Kelsey Avants Director | 2 | $0 | |
Sandy Beezley Director | 2 | $0 | |
Jessica Theilken Treasurer | 2 | $0 | |
Barry Patton President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $34,512 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $15,094 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $10,204 |
| Other Revenue | $0 |
| Total Revenue | $69,634 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $23,337 |
| Occupancy, rent, utilities, and maintenance | $5,838 |
| Printing, publications, postage, and shipping | $2,852 |
| Other expenses | $25,067 |
| Total expenses | $74,530 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $198,900 |
| Other assets | $0 |
| Total assets | $208,120 |
| Total liabilities | $0 |
| Net assets or fund balances | $208,120 |