Tulsa Juneteenth INC FY2024 filing

Tulsa, OK · Public charity (501(c)(3)) · Arts & Culture

✓ Tax-deductible Latest data FY2024
Revenue
$451K
▼ -4% vs prior year
Spent
$553K
To programs
72%
Net assets
$4K
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Form 990 for the fiscal year ending June 2024 (IRS tax year 2023).

Status and standing

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
Yes — exemption reinstated (2019-12-15)
Per the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Foundation funders?
2 funders, incl. George Kaiser Family Foundation
$40K in the latest grant year.
Spent on programs?
72% to programs
Form 990 Part IX, latest filing.
Size and trend
$100K–1M
↓ -4% vs prior year
Legal name (IRS)Hdr · item CTulsa Juneteenth INC
EINHdr · item D82-0722924
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFJul 2020
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CTulsa, OK
NTEE classificationIRS BMFArts & Culture (A23)
WebsiteHdr · item Jtulsajuneteenth.org

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.72 Management & general $0.25 Fundraising $0.03
Program services72%$398K
Management & general25%$140K
Fundraising3%$15K
Total functional expensesLn 25$553K

Financial health

Revenue & expenses by yearFY2022–FY2025
Revenue
$451K
FY2024▼ -4%
Expenses
$553K
FY2024▲ +51%
Program efficiency
72%
of spending reaches programs
Operating runway
0.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
-23%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$4K
FY2024▼ -96%
Total liabilities
$0
FY2024
Revenue less expensesPt I · Ln 19−$102K
Total assetsPt X · Ln 16$4K
Program-expense ratioPt IX · col B72%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 4pending

Balance Sheet

Part X · end of year
CashLn 1$4K
Total assetsLn 16$4K
Total liabilitiesLn 26$0
Total net assetsLn 32$4K
Months of cash on handcomputed0.1

Statement of Revenue

Part VIII
Contributions & grants$399K · 88%
Program service revenue$52K · 12%
Contributions & grants88%$399K
Program service revenue12%$52K
Total revenueLn 12$451K

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $4K · Operating expenses/yr $553K
0.1 months
Where the money goes
Program services
Program services $398K · Total expenses $553K
72%
Management & General
Management & general $140K · Total expenses $553K
25%
Fundraising
Fundraising $15K · Total expenses $553K
3%
Cost to raise $1
Fundraising expense (3-yr avg) $12K · Solicited contributions (3-yr avg) $370K
$0.03 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $399K · Total revenue $451K
88%
Government reliance
Government grants — · Total revenue $451K
—
Earned-income share
Program service revenue $52K · Total revenue $451K
12%
Investment reliance
Investment income $0 · Total revenue $451K
0%
Program self-sufficiency
Program service revenue $52K · Total expenses $553K
9%
Growth & trend
Revenue growth (YoY)
This year $451K · Prior year $472K
-4%
Net-asset trend (YoY)
End of year $4K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $451K · Expenses $553K
-23%
Liabilities-to-Assets
Total liabilities — · Total assets $4K
—
Net-asset ratio
Net assets $4K · Total assets $4K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $4K
0%
People & payroll
Highest Reported Total Compensation
Individual Lauren Corbit-Evans · Reported title Executive Dir. · Highest reported compensation $74K · Total expenses $553K
13%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $74K · Total expenses $553K
13%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 72%——
Overhead ratio 25%——
Fundraising cost ratio 4%——
Revenue growth -4%——
Investment management fee ratio 0%——
Legal fee ratio 0%——
Accounting fee ratio 0.6%——
Fundraising fee ratio 0%——

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.

Leadership and pay

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Executive Dir.
$73,528Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Lauren Corbit-Evans’s $55K as Executive Dir. is at the 49th percentile of top reported officer pay among 2216 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022
Lauren Corbit-Evans$54,581$73,528——
Lauren Corbit——$41,033—
Sherry Gamble Smith———$15,500
Lauren Corbitt———$3,500

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
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

Mission and programs

Empowers Black and minority businesses through economic development and multi-arts Juneteenth celebrations.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

1 program service account for $398K of program spending, described in the organization's own filed words · FY2023.
01

In celebration and honor of Juneteenth, Tulsa Juneteenth, Inc, implemented a weekend of entertainment that includes a celebration of music with nationally- acclaimed artists, Open Mic, Visual Art, educational workshops, performances by local artists and an exclusive VIP Sponsor Party.

$398Kprogram expense

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Funders

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

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$40K

Filing history

YearRevenueExpensesChangeFiling
FY2025 Latest $448K$461K-0.7% 990 PDF
FY2024 Viewing $451K$553K-4% 990 PDF
FY2023 $472K$366K+34% 990 PDF
FY2022 $353K$365K 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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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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