Oklahoma City Philharmonic Foundation Inc is located in Oklahoma City, OK. The organization was established in 1985. According to its NTEE Classification (A69) the organization is classified as: Symphony Orchestras, 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 City Philharmonic Foundation 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 06/2022, Oklahoma City Philharmonic Foundation Inc generated $55.6k 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 (21.2%) each year. All expenses for the organization totaled $116.0k during the year ending 06/2022. 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 SUPPORT THE OKLAHOMA CITY PHILHARMONIC SOCIETY, INC
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENDOWMENT FOR OKLAHOMA PHILHARMONIC SOCIETY, INC (DBA OKLAHOMA PHILHARMONIC ORCHESTRA), A 501(C)(3) ORGANIZATION. THE SUPPORT IS USED FOR THE FOLLOWING SERVICE OUTPUT AND THE ORCHESTRA GENERAL FUND. RAAP DESIGNATED FUND IS SUPPORTING THE YOUTH CONCERT SERIES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Louise Cleary Cannon Treasurer | OfficerTrustee | 1 | $0 |
Penny M Mccaleb Secretary | OfficerTrustee | 1 | $0 |
Douglas J Stussi President | OfficerTrustee | 1 | $0 |
Charles E Wiggin Vice President | OfficerTrustee | 1 | $0 |
Steven C Agee Board Member | Trustee | 1 | $0 |
Patrick B Alexander Board Member | Trustee | 1 | $0 |
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 | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Total Program Service Revenue | $0 |
Investment income | $65,361 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$9,802 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $55,559 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $103,329 |
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 | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $12,646 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
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 | $0 |
All other expenses | $0 |
Total functional expenses | $115,975 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
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 | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $8,568,369 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $25,000 |
Total assets | $8,593,369 |
Accounts payable and accrued expenses | $0 |
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 | $6,492,820 |
Total liabilities | $6,492,820 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $2,100,549 |
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 | $8,593,369 |
Over the last fiscal year, we have identified 1 grants that Oklahoma City Philharmonic Foundation Inc has recieved totaling $750.
Awarding Organization | Amount |
---|---|
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: PROGRAM/OPERATING SUPPORT | $750 |
Beg. Balance | $2,319,784 |
Earnings | -$115,906 |
Grants | $103,329 |
Ending Balance | $2,100,549 |
Organization Name | Assets | Revenue |
---|---|---|
Dallas Symphony Association Inc Dallas, TX | $30,480,044 | $38,703,176 |
Saint Louis Symphony Orchestra St Louis, MO | $77,659,859 | $61,304,520 |
Houston Symphony Society Houston, TX | $6,917,238 | $35,994,603 |
Kansas City Symphony Kansas City, MO | $64,822,369 | $17,397,853 |
Colorado Symphony Association Denver, CO | $12,961,781 | $18,715,868 |
Fort Worth Symphony Orchestra Association Inc Fort Worth, TX | $39,389,813 | $15,284,563 |
Saint Louis Symphony Endowment Trust Saint Louis, MO | $280,111,729 | $18,922,089 |
Oklahoma Philharmonic Society Inc Oklahoma City, OK | $16,602,843 | $6,401,721 |
Austin Symphony Orchestra Society Austin, TX | $7,592,727 | $4,195,926 |
Tulsa Symphony Orchestra Inc Tulsa, OK | $3,114,616 | $2,041,644 |
Amarillo Symphony Inc Amarillo, TX | $5,802,759 | $2,592,502 |
The Arkansas Symphony Orchestra Society Inc Little Rock, AR | $14,211,799 | $5,063,125 |