Untitled Art Space INC

Tax-deductible

Oklahoma City, OK501(c)(3)Arts & CultureEIN 36-4527630Revenue $340K in FY2024

On file with the IRS1ne3.org1 Ne 3rd St, 73104-2205 · Oklahoma City, OKTax-exempt since Sep 2003Publicly supported charity — 170(b)(1)(A)(vi)

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Artspace at Untitled is an environment designed to stimulate creative thought and new ideas through contemporary Art. We are committed to providing access to quality exhibitions, education programs, performances, publications, and to engage the community in collaborative outreach efforts.

501(c)(3) charity; gifts are tax-deductible.
32¢ of each $1 spent went to programs.
Run by 181 volunteers and 6 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $14K a year · 5% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
32%
of spending
Concern: 32% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
11 mo
of spending, in cash
Looks good: 11.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $52K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$7K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
14
of 14 voting members
Looks good: 14 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$340K
+22% vs prior year
Spent
$339K
To programs
32%
Net assets
$327K
By yearFY2020–FY2024
Revenue
$340K
FY2024▲ +22%
Tap a bar for its year
Revenue by fiscal year
FY2020$134K
FY2021$415K
FY2022$250K
FY2023$278K
FY2024$340K
Expenses
$339K
FY2024▲ +10%
Tap a bar for its year
Expenses by fiscal year
FY2020$217K
FY2021$217K
FY2022$264K
FY2023$310K
FY2024$339K
Net assets
$327K
FY2024▲ +1%
Tap a bar for its year
Net assets by fiscal year
FY2020$176K
FY2021$375K
FY2022$353K
FY2023$323K
FY2024$327K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2003.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

32 cents of each dollar spent went to programs.

Program services 32% · $110K Management & general 56% · $191K Fundraising 11% · $38K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Creative Dir
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Untitled Art Space INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Showcases contemporary art, offers creative programs, and engages the community through exhibitions and outreach.

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Provided by the organization

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3 programs · $110K · in their own filed words · FY2024
01

Preface

In 2024, artspace continued its commitment to expanding community outreach efforts and improving internal infrastructure to create a more enriching environment for both makers and students.

$110Kprogram expense
02

The Hive

The hive has begun being repurposed-it was formerly a boutique give shop- into a dedicated gallery for student and mentor artwork. This transition realigns our physical space with our mission and fosters deeper engagement with emerging artists.

$400program expense
03

Fundraiser/Exhibit/Gallery

Steamroller festival: artspace hosted the annual steamroller print festival, a rapidly growing printmaking event for the community. This festival is a free community event. In 2024, the festival celebrated its seventh year, drawing over 250 artists and students.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 3 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$340K
Ln 12
Gifts and grantsLn 1h$254K
Other incomeLn 4–11$62K
Fees for servicesLn 2g$19K
Money outPt IX
$339K
Ln 25
Programscol B$110K
Managementcol C$191K
Fundraisingcol D$38K
Owns and owesPt X
$327K
net assets · Ln 32
Cash and savingsLn 1–2$312K
Total assetsLn 16$334K
LiabilitiesLn 26$7K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a14
IndependentVI 1b14
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$254K
Government grantsLn 1e$103K
Fees for servicesLn 2g$19K
Investment incomeLn 3$6K
Other incomeLn 4–11$62K
Total revenueLn 12$340K
Assets in detailPt X, end of year
CashLn 1$312K
Cash and savings togetherLn 1–2$312K
InvestmentsLn 11–13$21K
Total assetsLn 16$334K
LiabilitiesLn 26$7K
Net assetsLn 32$327K
OperationsPt I, VI
EmployeesI 56
VolunteersI 6181
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$265K$312K
InvestmentsLn 11–13$19K$21K
Total assetsLn 16$324K$334K
LiabilitiesLn 26$1K$7K
Net assetsLn 32$323K$327K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$69K$39K$30K
Payroll taxesLn 10$5K$319$5K
Accounting feesLn 11c$20K$20K
Other fees for servicesLn 11g$44K$44K
Advertising and promotionLn 12$712$238$7$467
Office expensesLn 13$5K$5K$506
Information technologyLn 14$3K$3K
OccupancyLn 16$37K$37K
Conferences, conventions and meetingsLn 19$2K$40$2K
Depreciation, depletion and amortizationLn 22$3K$3K
InsuranceLn 23$7K$7K$521
Other expenses (24a–d)Ln 24$96K$22K$61K$13K
All other expensesLn 24e$46K$2K$21K$23K
Total functional expensesLn 25$339K$110K$191K$38K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $340K$339K$1K$327K 990 PDF
FY2023 $278K$310K−$31K$323K 990 PDF
FY2022 $250K$264K−$14K$353K 990 PDF
FY2021 $415K$217K$198K$375K 990 PDF
FY2020 $134K$217K−$82K$176K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $340,476 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $159,318$253,849
I-9 Program service revenuePrior year $19,567$18,753
I-10 Investment incomePrior year $8,200$5,729
I-11 Other revenuePrior year $91,262$62,145
I-12 Total revenuePrior year $278,347$340,476
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $110,918$74,654
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $198,796$264,492
I-18 Total expensesPrior year $309,714$339,146
I-19 Revenue less expensesPrior year −$31,367$1,330
Part VI · Governance 14 of 14 board members independent, 4 to look at
VI-1a Voting members of the governing body14
VI-1b Independent voting members14
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $340,476 across 7 lines filed
Lines not itemized here account for $709 of total revenue; see the IRS return.
VIII-1e Government grants$103,329
VIII-1f All other contributions, gifts and grants$150,520
VIII-1h Total contributions, gifts and grants$253,849
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $18,753$18,753
VIII-3 Investment incomeExcluded from tax $5,729$5,729
VIII-8 Net income from fundraising events$61,436
VIII-12 Total revenueRelated to mission $19,462 · Excluded from tax $5,729$340,476
Part IX · Statement of functional expenses $339,146 across 13 lines filed
IX-7 Other salaries and wagesPrograms $38,739 · Management $30,479$69,218
IX-10 Payroll taxesPrograms $319 · Management $5,117$5,436
IX-11c Accounting feesManagement $20,188$20,188
IX-11g Other fees for servicesPrograms $44,148$44,148
IX-12 Advertising and promotionPrograms $238 · Management $7 · Fundraising $467$712
IX-13 Office expensesManagement $4,930 · Fundraising $506$5,436
IX-14 Information technologyManagement $2,676$2,676
IX-16 OccupancyManagement $37,197$37,197
IX-19 Conferences, conventions and meetingsPrograms $40 · Management $2,113$2,153
IX-22 Depreciation, depletion and amortizationPrograms $2,544$2,544
IX-23 InsuranceManagement $6,646 · Fundraising $521$7,167
IX-24 Other expenses (24a–d)Programs $22,158 · Management $61,049 · Fundraising $12,934$96,141
IX-24e All other expensesPrograms $2,035 · Management $20,700 · Fundraising $23,395$46,130
IX-25 Total functional expensesPrograms $110,221 · Management $191,102 · Fundraising $37,823$339,146
Part X · Balance sheet $333,807 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $265,417$312,211
X-8 Inventories for sale or useStart of year $177$177
X-11 Publicly traded securitiesStart of year $18,833$21,419
X-16 Total assetsStart of year $323,959$333,807
X-17 Accounts payable and accrued expensesStart of year $1,713$8,114
X-25 Other liabilitiesStart of year −$635−$1,076
X-26 Total liabilitiesStart of year $1,078$7,038
X-32 Total net assets or fund balancesStart of year $322,881$326,769
X-33 Total liabilities and net assetsStart of year $323,959$333,807
Part XI · Reconciliation of net assets $326,769 net assets at year end
XI-1 Total revenue$340,476
XI-2 Total expenses$339,146
XI-3 Revenue less expenses$1,330
XI-4 Net assets at start of year$322,881
XI-5 Net unrealized gains (losses) on investments$2,558
XI-10 Net assets at end of year$326,769

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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