Preservation Oklahoma Inc

Nonprofit profile at a glance

EIN
731432918
IRS 990 coverage
2010–2024
Forms available
Form 990 2024, Form 990-EZ 2020
Location
Oklahoma City, OK, USA
Phone
4055255325
Rating
64
Verdict
SUPPORTED
Rating confidence
Moderate

Official website

Reported finances

Revenue
$125,042
Expenses
$126,081
Assets
$130,047
Liabilities
$3,235

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

6 people listed

People named in this filing

  • Kay Decker (Board Member at Large)
  • Pam Fischer (Board Member at Large)
  • Rusty Milroy (Board Member at Large)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To preserve the places where Oklahoma history lives.

What it reported doing in 2024

Preserving, presenting, and progessing the Henry & Anna Overholser Manion in Oklahoma City (OK), staff and volunteers work year-round to bring this historic home and museum to life with guided tours, special events, and unique limited-engagement exhibits. The museum regularly welcomes more than 5,000 guests each year for guided tours, serves as a backdrop for countless private events, and reamins camera ready for production companies. For over 120 years, the Overholser Mansion has stood proudly on the Oklahoma plains. It stands as a reflection of Oklahoma Citys beginnings and also represents the hard work of preservationists who sought to preserve its legacy. Without the dedication, forethought, and tenacity of these individuals, this piece of Oklahoma history could have been lost forever. In that vein, this structure represents what Preservation Oklahoma hopes to achieve statewide the protection and preservation of these landmarks of of Oklahomas past. Believing communities are enriched when we connect history to our present and future, we remain Oklahomas only private, non-profit organization dedicated to promoting, supporting, and coordinating historic preservation throughout our state. Preservation Oklahoma NEWS, the newsletter of Oklahomas historic preservation community, is published quarterly. With editorial content provided by the State Historic Preservation Office (a division of the Oklahoma Historical Society), the newsletter contains articles on Oklahomas historic sites and architecture; serves as a record of sites added to the National Register of Historic Places; contains an extensive list of workshops, symposiums, and educational series; and informs readers of grant and funding opportunities for preservation projects. The newsletter is regularly distributed to over 5,000 subscribers, and it is viewable online at www.preservationok.org.

Operating model

Revenue model
Grant-funded. 72% of the money available for current operations came from government grants.
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

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 48
  • Transparency & Controls: 92
  • Accountability: 76
  • Sustainability: 42
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 53.9%; rating input score 54
  • Program expense ratio: 52.8%; rating input score 53
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th 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: 3 of 7 controls in place; rating input score 43
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -0.8%; rating input score 37; 37th percentile among comparable filings
  • Total-asset coverage ratio: 1.03; rating input score 41; 41st percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 38; 38th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: -12.9% per year; rating input score 0; 9th percentile among comparable filings
  • Revenue growth: -1% per year; rating input score 0; 20th percentile among comparable filings
  • Asset growth: -12.7% per year; rating input score 0; 5th percentile among comparable filings

Details

  • Where the money goes: 53.9% of revenue deployed · 52.8% of spending went to programs
  • Governance: 6 of 6 board members independent · 3 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $67K in reported program spending
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 24 of 24 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 7 filing years from 2010 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 — Financial Efficiency: Mission deployment rate scored 54/100.
  • Review — Financial Efficiency: Program expense ratio scored 53/100.
  • Moderate — Accountability: Governance controls: 3 of 6 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 37/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 41/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 38/100.