Oktoberfest Inc
- Assets
- $2.7m
- Revenue
- $7.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Tulsa, OK
- Founding
- 09/1982
- Data as of
- 03/2022
- EIN
- 73-1154567
Organization Overview
Oktoberfest Inc is located in Tulsa, OK. The organization was established in 1982. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, 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. Oktoberfest 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 03/2022, Oktoberfest Inc generated $7.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.5% each year . All expenses for the organization totaled $4.9m during the year ending 03/2022. While expenses have increased by 12.4% per year over the past 7 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
TO PROMOTE GERMAN AND EUROPEAN CULTURE THROUGH FESTIVALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CULTURAL FESTIVALS AT RIVER PARKS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Dodson Vice Chair | Officer | 2 | $0 |
Marc Delametter Treasurer | Officer | 2 | $0 |
Ashley Webb Chair | Officer | 2 | $0 |
Tonja Carrigg Director | Trustee | 40 | $0 |
Name Not Listed Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,378,547 |
| All other contributions, gifts, grants, and similar amounts not included above | $506,759 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,885,306 |
| Total Program Service Revenue | $4,133,144 |
| Investment income | $6,022 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,024,472 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,431 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $87,813 |
| Office expenses | $15,681 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $27,307 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,860 |
| Interest | $1,594 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,674 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,947,803 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,572,752 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $27,294 |
| 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 |
| Net Land, buildings, and equipment | $72,467 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,955 |
| Total assets | $2,688,468 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $8,000 |
| 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 | $8,000 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $2,680,468 |
| Total liabilities and net assets/fund balances | $2,688,468 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Oktoberfest Inc has recieved totaling $56,000.
| Awarding Organization | Amount |
|---|---|
Tulsa Community Foundation Tulsa, OK PURPOSE: GENERAL OPERATIONS | $56,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oktoberfest Inc Tulsa, OK | $2,688,468 | $7,024,472 |
Colorado Education Initiative Denver, CO | $5,028,811 | $3,690,284 |
Asia Society Texas Center Houton, TX | $65,582,414 | $8,284,485 |
Cityserve International Springfield, MO | $3,073,627 | $2,894,245 |
Mexican American Catholic College San Antonio, TX | $4,811,133 | $2,305,769 |
National Little Britches Rodeo Colorado Springs, CO | $2,643,862 | $2,636,797 |
Latino Community Foundation Of Colorado Inc Denver, CO | $7,867,698 | $2,394,861 |
Hua Xia Chinese School Inc Houston, TX | $8,045,926 | $2,930,667 |
Flower Hill Institute Jemez Pueblo, NM | $823,224 | $2,237,551 |
Project Row Houses Houston, TX | $10,675,760 | $9,147,034 |
Southwestern Association For Indian Arts Inc Santa Fe, NM | $785,210 | $1,802,877 |
American Indians In Texas-At The Spanish Colonial Missions San Antonio, TX | $773,788 | $1,628,585 |