Okm Properties INC

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Sustain community arts and education through an annual music festival and year-round programs. For fiscal year 2024 it reported $-53K in revenue, $0 in expenses, and $134K in net assets.Pt I

Type: Mutual-benefit / member-serving · Community Development
Location: Bartlesville, OK
Filings: 5 on file (2020–2024)

Revenue

$-53KFY2024

Expenses

Net assets

$134K

People

Filings

Updates

More identity details & actions ⌄

EIN 73-1554930 Mutual-benefit / member-serving Bartlesville, OK

Form 990 (PDF)

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Size

<$100K

What they do

Sustain community arts and education through an annual music festival and year-round programs.

Leadership

Scott Ambler · Member

Money in and out

$-53K revenue, $0 expenses

Reported financial activity · FY2024

Total revenue

$-53K

Pt VIII · Ln 12

Total expenses

Pt IX · Ln 25

Net assets

$134K

Pt X · Ln 32

Summary of the Filing

Part I · fiscal year 2024 · Form 990

Revenue

$-53K

FY2024▼ -250%

Expenses

FY2024▼ -100%

Total assets

$344K

FY2024▼ -6%

Total liabilities

$210K

FY2024▲ +18%

Total revenue

$-53K

Pt VIII · Ln 12

Total expenses

Pt IX · Ln 25

Net assets

$134K

Pt X · Ln 32

Revenue less expensesPt I · Ln 19−$53K

Total assetsPt X · Ln 16$344K

Program-expense ratioPt IX · col B—

Voting members of governing bodyPt I · Ln 37

Independent voting membersPt I · Ln 47

Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2024.

Net rental income distributions help support the annual ok mozart festival and year round music programming in bartlesville, oklahoma.

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File

Legal nameHdr · item COkm Properties INC

EINHdr · item D73-1554930

Principal addressHdr · item CBartlesville, OK

WebsiteHdr · item Jnone reported

Year of formationHdr · item Lpending

State of legal domicileHdr · item MOK

Exempt statusHdr · item I501(c)(5) · active

NTEE classificationIRS BMFCommunity Development (S47)

Ruling yearIRS BMFSep 1999

Governance & Policies

Part VI

Voting members of the governing bodyPt VI · Ln 1a7

Independent voting membersPt VI · Ln 1b7

Conflict-of-interest policyPt VI · Ln 12aYes

Whistleblower policyPt VI · Ln 13No

Document retention policyPt VI · Ln 14No

CEO/top-official compensation independently reviewedPt VI · Ln 15aNo

Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation

Scott Ambler

Member

$0Pt VII · Sec A

Jerold Barnett

Member

$0Pt VII · Sec A

Mary Lynn Mihm-Howk

Chairman

$0Pt VII · Sec A

Howard Thill

Treasurer

$0Pt VII · Sec A

Derek White

Member

$0Pt VII · Sec A

John Mihm

Vice-Chairman

$0Pt VII · Sec A

Cassandra Kimball

Secretary

$0Pt VII · Sec A

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Balance Sheet

Part X · end of year

CashLn 1$6K

Total assetsLn 16$344K

Total liabilitiesLn 26$210K

Total net assetsLn 32$134K

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it

Liquidity & Payout

Operating runway

Highly liquid reserves $6K · Operating expenses/yr $0

Highly liquid reserves (cash & marketable securities on Pt X) ÷ monthly operating expenses (Pt IX total, less non-cash grants & depreciation when reported).

Where the money goes

Program services

Program services $0 · Total expenses $0

—

Management & General

Management & general $0 · Total expenses $0

—

Fundraising

Fundraising $0 · Total expenses $0

—

Cost to raise $1

Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0

Solicited contributions below reporting floor

Where the money comes from

Contribution dependence

Contributions & grants $0 · Total revenue $-53K

—

Government reliance

Government grants — · Total revenue $-53K

—

Earned-income share

Program service revenue $0 · Total revenue $-53K

—

Investment reliance

Investment income $0 · Total revenue $-53K

—

Program self-sufficiency

Program service revenue $0 · Total expenses $0

—

Growth & trend

Revenue growth (YoY)

This year $-53K · Prior year $35K

-250%

Net-asset trend (YoY)

End of year $134K · Beginning of year —

Beginning net assets not meaningfully positive — showing dollar change

Balance sheet

Surplus Margin

Revenue $-53K · Expenses $0

—

Liabilities-to-Assets

Total liabilities — · Total assets $344K

—

Net-asset ratio

Net assets $134K · Total assets $344K

39%

Marketable Investment Share

Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $344K

Excludes program-related investments (Pt X, ln 13)

People & payroll

Highest Reported Total Compensation

Individual Scott Ambler · Reported title MEMBER · Highest reported compensation $0 · Total expenses $0

Total expenses not reported — showing dollar figure only

Personnel share

Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $0

—

Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

Metric	This org	Peer median	Percentile
Revenue growth	-250%	—	—

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

FY2024 (Latest)$-53K revenue · viewing · ⤓ 990 PDF

FY2023$35K revenue · ⤓ 990 PDF

FY2022$54K revenue · ⤓ 990 PDF

FY2021$62K revenue · ⤓ 990 PDF

FY2020$62K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings

Form 990 e-file (XML) · FY2024IRS

Classification, formation year, addressIRS Business Master File

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