Friends Of Oeta Inc
- Assets
- $46.1m
- Revenue
- $7.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Oklahoma City, OK
- Founding
- 05/2019
- Data as of
- 06/2022
- 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 06/2022, Friends Of Oeta Inc generated $7.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $7.1m 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 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Polly Anderson Executive Director | Officer | 10 | $0 |
Dr Robert Spinks President | OfficerTrustee | 2 | $0 |
Jennifer Eve Vice President | OfficerTrustee | 2 | $0 |
Ken Fergeson Treasurer | OfficerTrustee | 2 | $0 |
Sharon Neuwald Secretary | OfficerTrustee | 2 | $0 |
Kenneth Busby Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Oeta Management Services | 6/29/22 | $652,200 |
Allegiance Fundraising Llc Fundraising Services | 6/29/22 | $706,466 |
Gates Air Transmitter Merch. | 6/29/22 | $451,046 |
Tm Television Electronic Merch. | 6/29/22 | $320,820 |
Onenet Fiber Services | 6/29/22 | $375,008 |
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 | $5,740,054 |
| Noncash contributions included in lines 1a–1f | $3,127 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,740,054 |
| Total Program Service Revenue | $0 |
| Investment income | $647,613 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $165,029 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $877,199 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,429,895 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,872,615 |
| 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 | $17,923 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $1,796,232 |
| Fees for services: Investment Management | $152,531 |
| Fees for services: Other | $0 |
| Advertising and promotion | $112,644 |
| Office expenses | $2,327 |
| 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 | $93,592 |
| Insurance | $0 |
| All other expenses | $26,655 |
| Total functional expenses | $7,074,519 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,434,341 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $314,445 |
| Accounts receivable, net | $75,202 |
| 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 | $235,845 |
| Net Land, buildings, and equipment | $2,216,174 |
| Investments—publicly traded securities | $36,858,448 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $46,134,455 |
| Accounts payable and accrued expenses | $151,402 |
| Grants payable | $0 |
| Deferred revenue | $82,933 |
| 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 | $234,335 |
| Net assets without donor restrictions | $42,429,326 |
| Net assets with donor restrictions | $3,470,794 |
| 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 | $46,134,455 |