Oklahoma City Museum of Art Inc Fka Oklahoma City Art Museum
Nonprofit profile at a glance
- EIN
- 730528431
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Oklahoma City, OK, USA
- Phone
- 4052363100
- Rating
- 87
- Verdict
- STRONG
- Rating confidence
- Standard
- Sector
- Art Museums
Reported finances
- Revenue
- $7,690,842
- Expenses
- $6,895,157
- Assets
- $48,867,922
- Liabilities
- $599,481
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
46 people listed
Executive titles in this filing
- MICHAEL ANDERSON (PRESIDENT AND CEO)
Highest reported compensation
- MICHAEL ANDERSON (PRESIDENT AND CEO): $220,431 total reported compensation
- KIMBERLEY WORRELL (CHIEF DEVELOPMENT OFFICER): $129,547 total reported compensation
- JENNIFER OLIVER (DIRECTOR OF FINANCE AND CONTROLLER): $123,423 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of the Oklahoma city museum of art is to enrich lives through the visual arts.
What it reported doing in 2024
Exhibitions: the museum organizes and presents exhibitions related to its primary areas of focus - 19th and 20th century american art, european art, contemporary art, photography, film and studio glass. Additionally, the museum hosts traveling exhibitions organized by art museums throughout the world with a diversity of art historical themes and styles. Recent examples include discovering ansel adams, edith head: hollywood's costume designer, and true nature: rodin and the age of impressionism. The museum's exhibitions draw visitors from 50 states and more than 10 foreign countries with attendance of over 66,000 guests and an economic impact of over $8,000,000 to the city. Total attendance to the museum exceeds 100,000 visitors annually.
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.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 74
- Transparency & Controls: 95
- Accountability: 100
- Sustainability: 70
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 83.8%; rating input score 84
- Program expense ratio: 73.3%; rating input score 73
- Fundraising efficiency: $7.98 raised per $1 spent on fundraising; rating input score 30; 30th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 10.3%; rating input score 63; 63rd percentile among comparable filings
- Total-asset coverage ratio: 7.09; rating input score 88; 88th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 84; 84th percentile among comparable filings
- Officer compensation ratio: 6.9%; rating input score 42; 42nd percentile among comparable filings
Growth
- Program expense growth: 2% per year; rating input score 100; 22nd percentile among comparable filings
- Revenue growth: 1.7% per year; rating input score 100; 19th percentile among comparable filings
- Asset growth: 1.6% per year; rating input score 100; 18th percentile among comparable filings
Details
- Where the money goes: 83.8% of revenue deployed · 73.3% of spending went to programs
- Governance: 43 of 43 board members independent · 9 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $5.1M in reported program spending
- Leadership: top reported pay $220K · 46 people listed · 5 of 6 pay-setting controls reported
- Consistency: 33 of 33 current checks pass
- Schedules: 8 filed schedules · includes major donors, executive pay, and related organizations
- Filing history: 14 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Related organizations: 1 filed related-organization link
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Fundraising efficiency scored 30/100.
- Moderate — Sustainability: Officer compensation ratio scored 42/100.