Friends Of Oeta Inc
- Assets
- $52.8m
- Revenue
- $14.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Oklahoma City, OK
- Founding
- 05/2019
- Data as of
- 06/2021
- EIN
- 83-2527901
Organization Overview
Friends Of Oeta Inc is located in Oklahoma City, OK. The organization was established in 2019. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, 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. Friends Of Oeta 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 06/2021, Friends Of Oeta Inc generated $14.2m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 31.4% each year . All expenses for the organization totaled $6.4m during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE FUNDS AND SUPPORT THE ACTIVITIES AND PROGRAMS OF THE OKLAHOMA EDUCATIONAL TELEVISION AUTHORITY BY RECEIVING, INVESTING, MANAGING, AND EXPENDING FUNDS AND PROPERTIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RECEIVING, INVESTING, MANAGING, AND EXPENDING NON-STATE-APPROPRIATED FUNDS FOR, AND ON BEHALF OF, OETA.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Robert Spinks President | OfficerTrustee | 2 | $0 |
Ken Fergeson Treasurer | OfficerTrustee | 2 | $0 |
Sharon Neuwald Secretary | OfficerTrustee | 2 | $0 |
Jennifer Eve Vice President | OfficerTrustee | 2 | $0 |
Polly Anderson Executive Director | Officer | 10 | $0 |
Jim Roth Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Oeta Management Services | 6/29/21 | $706,548 |
Forest Incentives Ltd Donor Merchandise | 6/29/21 | $329,010 |
Allegiance Fundraising Llc Fundraising Services | 6/29/21 | $723,010 |
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 | $6,842,133 |
| Noncash contributions included in lines 1a–1f | $147,652 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,842,133 |
| Total Program Service Revenue | $0 |
| Investment income | $522,789 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $182,500 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,633,095 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,188,991 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,854,677 |
| 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 | $195,991 |
| Fees for services: Legal | $38,475 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $899,743 |
| Fees for services: Investment Management | $133,196 |
| Fees for services: Other | $0 |
| Advertising and promotion | $98,000 |
| Office expenses | $99,345 |
| 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 | $96,565 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $6,415,992 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,260,463 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $571,963 |
| Accounts receivable, net | $45,081 |
| 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 | $127,357 |
| Net Land, buildings, and equipment | $2,623,012 |
| Investments—publicly traded securities | $42,175,936 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $52,803,812 |
| Accounts payable and accrued expenses | $577,090 |
| 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 | $577,090 |
| Net assets without donor restrictions | $42,570,536 |
| Net assets with donor restrictions | $9,656,186 |
| 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 | $52,803,812 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Friends Of Oeta Inc has recieved totaling $43,470.
| Awarding Organization | Amount |
|---|---|
Tulsa Community Foundation Tulsa, OK PURPOSE: GENERAL OPERATIONS | $24,970 |
Greater Washington Educational Telecommunications Association Inc Arlington, VA PURPOSE: STATION GRANT | $7,500 |
Anne And Henry Zarrow Foundation Tulsa, OK PURPOSE: OPERATING EXPENSES | $6,000 |
Burton Foundation Inc Oklahoma City, OK PURPOSE: GENERAL SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Houston Public Media Foundation Houston, TX | $3,722,035 | $15,443,011 |
Dallas Symphony Foundation Dallas, TX | $145,117,113 | $12,980,267 |
Fort Worth Art Association Endowment Foundation Fort Worth, TX | $167,745,649 | $12,496,724 |
Oklahoma City National Memorial Foundation Oklahoma City, OK | $43,932,179 | $4,892,726 |
The Hobby Center Foundation Houston, TX | $78,248,185 | $8,249,942 |
Denver Art Museum Foundation Denver, CO | $207,954,853 | $33,249,188 |
Friends Of Oeta Inc Oklahoma City, OK | $52,803,812 | $14,188,991 |
Admiral Nimitz Foundation Fredericksburg, TX | $24,328,747 | $7,231,861 |
St Louis Art Museum Foundation St Louis, MO | $296,394,608 | $22,752,701 |
Museum Of New Mexico Foundation Santa Fe, NM | $51,964,866 | $8,605,972 |
Dmns Foundation Denver, CO | $168,202,725 | $31,941,607 |
Houston Symphony Endowment Houston, TX | $87,456,110 | $3,071,634 |