Circle Cinema Foundation
Nonprofit profile at a glance
- EIN
- 050527339
- IRS 990 coverage
- 2012–2024
- Forms available
- Form 990 2024
- Location
- Tulsa, OK, USA
- Phone
- 9185853456
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Theater
Reported finances
- Revenue
- $1,382,044
- Expenses
- $1,408,315
- Assets
- $2,731,348
- Liabilities
- $15,613
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
14 people listed
Executive titles in this filing
- ALICIA NEVAQUAYA (PRESIDENT)
- BARBARA EIKNER THOMPSON (VICE PRESIDENT)
- BRENT ORTOLANI (EXECUTIVE DIRECTOR)
Highest reported compensation
- BRENT ORTOLANI (EXECUTIVE DIRECTOR): $85,587 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To use film to foster understanding and appreciation of the diversity of the human experience and create community among the viewers in the restored historic circle cinema. To educate, enlighten, entertain and enhance community consciousness through film. Activities include the presentation of independent, documentary, foreign and classic films; collaboration with other community nonprofit organizations on films that tie to social, health, environmental, civic, historic and religious issues; partnerships with schools and school groups to present educational films to students; support of local filmmaking through the screening of films made in Oklahoma, about Oklahoma or with oklahoman actors or filmmakers.
What it reported doing in 2024
Circle cinema foundation works to educate, enlighten, entertain audiences and enhance community consciousness through film. Activities include the presentation of independent, documentary, foreign and classic films; collaboration with other nonprofit organizations to present films that tie to social, health, environmental, civic, historical and religious issues; partnerships with schools to present educational films for students; and support of local filmmaking through the screening of films made in Oklahoma, films made about Oklahoma and films made by Oklahoma filmmakers and actors. The organization works to preserve and maintain its historic and iconic building origially built in 1928, which is now on the national register of historic places and is an important part of tulsa cinematic history as its last remaining historic movie theatre.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 83
- Transparency & Controls: 92
- Accountability: 79
- Sustainability: 47
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 96.7%; rating input score 97
- Program expense ratio: 86.6%; rating input score 87
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 4 of 8 controls in place; rating input score 50
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -1.9%; rating input score 30; 30th percentile among comparable filings
- Total-asset coverage ratio: 1.94; rating input score 64; 64th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 73; 73rd percentile among comparable filings
- Officer compensation ratio: 6.1%; rating input score 50; 50th percentile among comparable filings
Growth
- Program expense growth: 7.1% per year; rating input score 100; 52nd percentile among comparable filings
- Revenue growth: 5.4% per year; rating input score 100; 46th percentile among comparable filings
- Asset growth: -1.8% per year; rating input score 0; 12th percentile among comparable filings
Details
- Where the money goes: 96.7% of revenue deployed · 86.6% of spending went to programs
- Governance: 14 of 14 board members independent · 4 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $1.2M in reported program spending
- Leadership: top reported pay $86K · 14 people listed
- Consistency: 29 of 29 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 11 filing years from 2012 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: 3 of 7 not reported.
- Moderate — Sustainability: Operating margin scored 30/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 50/100.