Oklahoma Arts Institute Foundation

Organization Overview

Oklahoma Arts Institute Foundation is located in Oklahoma City, OK. The organization was established in 2014. According to its NTEE Classification (A25) the organization is classified as: Arts Education, 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 Arts Institute Foundation 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 12/2021, Oklahoma Arts Institute Foundation generated $710.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.2%) each year. All expenses for the organization totaled $469.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO SUPPORT, PROMOTE, AND IMPROVE THE PROGRAMS AND SERVICES OF THE OKLAHOMA ARTS INSTITUTE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

OVERSIGHT OF THE INVESTMENT AND MANAGEMENT OF ENDOWMENT FUNDS TO SUPPORT THE PROGRAMMING OF THE OKLAHOMA ARTS INSTITUTE.


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Board, Officers & Key Employees

Name (title)Compensation
Don G Holladay
President
$0
Linda Frazier
Director
$0
Jeff Greenlee
Treasurer
$0
John M Seward
Secretary
$0
Teresa Adwan
Director
$0
J Edward Barth
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$51,126
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$51,126
Total Program Service Revenue$0
Investment income $167,353
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $491,698
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $710,177

Grants Awarded

Over the last fiscal year, Oklahoma Arts Institute Foundation has awarded $1,140,507 in support to 2 organizations.

Grant RecipientAmount

QUARTZ MOUNTAIN ARTS AND CONFERENCE

|

|

$766,083

OKLAHOMA ARTS INSTITUTE INC

Org PageRecipient Profile

Oklahoma City, OK

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$374,424
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Oklahoma Arts Institute Foundation has recieved totaling $17,000.

Awarding OrganizationAmount
Anne And Henry Zarrow Foundation

Tulsa, OK

PURPOSE: TO ESTABLISH A NEW ENDOWED SCHOLARSHIP FUND

$15,000
Lester Family Foundation

Oklahoma City, OK

PURPOSE: CONTINUING OPERATIONS

$2,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$10,005,397
Earnings$1,461,010
Admin Expense$40,327
Net Contributions$21,485
Grants$406,476
Ending Balance$11,041,090

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