Brady Craft Inc
- Assets
- $25.5k
- Revenue
- $338.7k
- Investments
- $0.0
- Employees
- 5
- Location
- Tulsa, OK
- Founding
- 04/2011
- Data as of
- 12/2022
- EIN
- 27-3295491
Organization Overview
Brady Craft Inc, operating under the name 108 Contemporary, is located in Tulsa, OK. The organization was established in 2011. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, 108 Contemporary employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 108 Contemporary 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 12/2022, 108 Contemporary generated $338.7k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $345.7k during the year ending 12/2022. While expenses have increased by 2.1% per year over the past 8 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
A CONTEMPORARY FINE CRAFT COMMUNITY ARTS ORAGNIZATION DEDICATED TO FINE CRAFT; SHOWCASING LOCAL, STATE, REGIONAL AND NATIONAL ARTISTS; AND CREATING A COMMUNITY OF PARTNERSHIPS WITH ARTISTS, CURATORS, ARTS AND SOCIAL SERVICE ORGANIZATIONS. PROGRAMS HONOR A DIVERSITY OF CULTURES, AND REFLECT THE CONTEMPORARY EXPRESSIONS OF THE ARTISTS' HERITAGE. THEY ARE DESIGNED AROUND SIX EXHIBITIONS EACH YEAR AND ARE TARGETED TO LOCAL AND REGIONAL COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED EXHIBITION SPACE FOR THE HIGHEST LEVEL OF INNOVATIVE CONTEMPORARY FINE CRAFT FROM OKLAHOMA AND AROUND THE WORLD. OFFERED WORKSHOPS, LECTURES AND VIDEO PRESENTATIONS TO AUDIENCES OF ALL AGES. ESTABLISHED A JURIED RETAIL SHOP FOR MEMBER ARTISTS' WORK. PROVIDED EDUCATIONAL ARTS PROGRAMS FOR UNDER-SERVED STUDENTS AND TEACHERS. WE CELEBRATE THE BEST OF CRAFTSMAN IN TEXTILES, QUILTS, CERAMICS, BEADWORK, JEWELRY, WOODWORK, BASKETRY AND MIXED MEDIA.WHAT WE DO ESPECIALLY WELL IS HIGHLIGHT PRESENT-DAY ARTISTS WHO BUILD ON THE TRADITIONAL CRAFTWORK OF THEIR COMMUNITIES USING A NUANCED AND CONTEMPORARY VOCABULARY. OUR PROGRAMS EDUCATE AUDIENCES, INCLUDING SCHOOL AGED YOUTH AND SENIOR CITIZENS. WE HAVE RECENTLY EXPANDED OUR PROGRAMS TO OTHER GROUPS OF INDIVIDUALS TRADITIONALLY UNABLE TO PARTICIPATE. WE WORK WITH MANY SOCIAL SERVICE ORGANIZATIONS TO ORGANIZE THESE EXPERIENCES AND THE GROUPS THEN PARTICIPATE IN MAKING A CRAFT KIT THAT IS DESIGNED TO REFLECT THE TECHNIQUES, MATERIALS AND SUBJECT MATTER OF THE EXHIBITION THEY HAVE TOURED.THE EXHIBITION OF THEIR WORK AND THE ASSOCIATED PROGRAMS GIVE ARTISTS THE OPPORTUNITY TO INTERACT WITH AUDIENCES AND TO TEACH ABOUT THEIR OWN CULTURES. PARTICIPANTS HAVE THE OPPORTUNITY TO INCREASE THEIR UNDERSTANDING OF A VARIETY OF DIFFERENT TRADITIONS.THE 3 LARGEST EXHIBITIONS DURING THE YEAR SAW A TOTAL OF OVER 7,200 VISITORS AND INCLUDED 13 COMMUNITY ENGAGEMENT EVENTS, DISTRIBUTION OF CRAFT KITS AND INTERACTIVE ACTIVITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Myra Block Kaiser Chair | OfficerTrustee | 10 | $0 |
Jean Ann Fausser Vice Chair | OfficerTrustee | 10 | $0 |
Andrew Webb Treasurer | OfficerTrustee | 5 | $0 |
Penni Gage Secretary | OfficerTrustee | 5 | $0 |
Leigh Ann Moss Board Member | Trustee | 1 | $0 |
Shannon Richards Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,288 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $325,753 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $329,041 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $9,643 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $338,684 |
| 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. | $70,000 |
| Compensation of current officers, directors, key employees. | $7,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $114,933 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,555 |
| Payroll taxes | $13,990 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,744 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $29,863 |
| Advertising and promotion | $3,365 |
| Office expenses | $2,960 |
| Information technology | $533 |
| Royalties | $0 |
| Occupancy | $35,386 |
| Travel | $4,032 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $13,599 |
| All other expenses | $6,694 |
| Total functional expenses | $345,743 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,704 |
| 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 | $880 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,965 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $25,549 |
| Accounts payable and accrued expenses | $6,999 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,999 |
| Net assets without donor restrictions | $18,550 |
| 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 | $25,549 |