Tulsa Music Incubator Inc

Nonprofit profile at a glance

EIN
852617805
IRS 990 coverage
2022–2024
Forms available
Form 990 2024, Form 990-T 2024, Form 990-N 2021
Location
Tulsa, OK, USA
Phone
6092710329
Rating
64
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Management & Technical Assistance

Official website

Reported finances

Revenue
$294,149
Expenses
$358,887
Assets
$4,560
Liabilities
$30,000

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

Leadership & pay

7 people listed

Executive titles in this filing

  • CHRISTOPHER DAVIS (EXECUTIVE DIRECTOR)

People named in this filing

  • TYRANCE BILLINGSLEY II (BOARD CHAIR)
  • LUKE LEIFESTE (BOARD MEMBER)
  • VONDELL BURNS (BOARD MEMBER)

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

Tulsa creative engine is a 501c3 non-profit organization that supports tulsa's creative community by championing artists and musicians as entrepreneurs, and expanding the ecosystem of resources to help them thrive. We believe tulsa can be a city where creative talent is nurtured, where artists thrive as full-time entrepreneurs, and where creatives are invested in for the economic and cultural value they bring.

What it reported doing in 2024

Our nonprofit is committed to bringing vibrant, immersive arts experiences to the community by offering a diverse range of events that inspire, engage, and connect. From live performances to interactive exhibits, our programming is designed to showcase creativity in all its forms while fostering cultural enrichment and community participation. Events and experiences include: frequency - mixer for creatives, entrepreneurs, innovators, and local leaders; select showcase - showcase highlighting top musical talent across genres; groundwaves - an open mic event and mentorship session designed to develop talent in local hip-hop scenes; spark summit - a conference including panel conversations, professional development workshops, keynotes, networking for artists, entrepreneurs, and technologists industry, with an opportunity for visual and musical artists to showcase their work; community events including curating and hosting weekend events with vip's in media, arts, culture and sports to highlight artists work and help tulsa creatives build relationships with influential people and the'city year summer concert' recruitment drive in partnership with city year, reading partners, intulsa.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
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 total spending goes to programs and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 50
  • Transparency & Controls: 92
  • Accountability: 76
  • Sustainability: 15
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 60%; rating input score 60
  • Program expense ratio: 49.2%; rating input score 49
  • 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: -22%; rating input score 13; 13th percentile among comparable filings
  • Total-asset coverage ratio: 0.01; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: 6.58; rating input score 1; 1st percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: -32.5% per year; rating input score 0; 3rd percentile among comparable filings
  • Revenue growth: -19.8% per year; rating input score 0; 3rd percentile among comparable filings
  • Asset growth: -43.6% per year; rating input score 0; 1st percentile among comparable filings

Details

  • Where the money goes: 60% of revenue deployed · 49.2% of spending went to programs
  • Governance: 5 of 5 board members independent · 3 of 7 filing controls reported
  • Programs: 3 filed program accomplishments · $176K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 18 of 18 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: Filed and resolved organization relationships.
  • 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.

  • Moderate — Financial Efficiency: Program expense ratio scored 49/100.
  • Moderate — Accountability: Governance controls: 3 of 6 not reported.
  • High — Sustainability: Operating margin scored 13/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 1/100.