Overview
What is Foundation For The Mcknight Center For The Performing Arts At Okla State Univer?
The Foundation for the McKnight Center for the Performing Arts at Oklahoma State University is a nonprofit organization situated in Stillwater, Oklahoma. Its primary mission is to support and aid Oklahoma State University in the realm of performing arts, specifically by funding, managing, and overseeing the operations of the McKnight Center for the Performing Arts. During the recent fiscal cycle, the center successfully completed its first full season of programs, despite the pandemic's interference, offering a variety of concerts and educational activities. The season saw strong ticket sales and revenue, with contributions gradually increasing as donor confidence returned. The organization presented 147 concerts, hosted 89 campus and private events, and organized 50 education and community engagement events. With a staff of 99 individuals, the foundation contributes significantly to the local arts community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Stars)
The Foundation For The McKnight Center For The Performing Arts at Oklahoma State University has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. With a score of 90%, the organization demonstrates effective fiscal management, which is crucial for donor confidence and long-term sustainability.
Key strengths of the foundation include its fully independent board, which consists of 10 out of 10 members, ensuring unbiased oversight. Financially, it has a solid program expense ratio of 72.58%, indicating a strong commitment to its mission-related activities. Additionally, the organization exhibits excellent fundraising efficiency and maintains a healthy working capital ratio of 15.52 years, suggesting robust financial health and operational stability.
However, while the foundation excels in accountability, the summary does not provide insights into programmatic effectiveness or community impact, which are important factors for potential donors and stakeholders to consider. Overall, the foundation's financial practices and governance are commendable, making it a reliable organization within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Foundation For The Mcknight Center For The Performing Arts At Okla State Univer legitimate?
Foundation For The Mcknight Center For The Performing Arts At Okla State Univer is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation For The Mcknight Center For The Performing Arts At Okla State Univer submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $327,627
Professional Fundraising Fees: $0
Other Salaries and Wages: $649,014
For more financial information, click here
What is the mission statement of Foundation For The Mcknight Center For The Performing Arts At Okla State Univer?
The Foundation For The Mcknight Center For The Performing Arts at Oklahoma State University is committed to supporting the university in the realm of performing arts. This is achieved through the provision of funding, long-term management, and operational assistance for the McKnight Center for the Performing Arts at Oklahoma State University. The primary objective is to enhance the performing arts sector by overseeing its operations and financial needs. During the recent fiscal cycle, the center successfully completed its first full season, offering a variety of concerts, campus events, and community engagement activities. Ticket sales and donations gradually increased as confidence in post-pandemic events grew.
Who is the CEO of Foundation For The Mcknight Center For The Performing Arts At Okla State Univer?
Mark Blakeman is the Executive Dir. of Foundation For The Mcknight Center For The Performing Arts At Okla State Univer.
What is the revenue of Foundation For The Mcknight Center For The Performing Arts At Okla State Univer?
Foundation For The Mcknight Center For The Performing Arts At Okla State Univer's revenue in 2022 was $3,647,712.
Who are the executives of Foundation For The Mcknight Center For The Performing Arts At Okla State Univer and what are their salaries?
The average compensation at Foundation For The Mcknight Center For The Performing Arts At Okla State Univer during 2022 was $9,865. There are 99 employees at Foundation For The Mcknight Center For The Performing Arts At Okla State Univer.
Here are 9 key members and their salaries:
- Compensation: $303,559
- Related: $0
- Other: $24,068
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- Other: $0
Where can I find the form 990 for Foundation For The Mcknight Center For The Performing Arts At Okla State Univer?
Foundation For The Mcknight Center For The Performing Arts At Okla State Univer's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Foundation For The Mcknight Center For The Performing Arts At Okla State Univer
The Foundation for the McKnight Center for the Performing Arts at Oklahoma State University is dedicated to supporting and aiding Oklahoma State University in relation to the performing arts. This is achieved through providing financial assistance, long-term management, and operational oversight for the McKnight Center for the Performing Arts at Oklahoma State University. In simpler terms, the foundation's mission is to fund and manage the operations of the performing arts center at Oklahoma State University, promoting a diverse range of concerts and artistic programs.
During its first full season of operations post-pandemic, the McKnight Center demonstrated a strong commitment to its mission. The center presented a variety of concert programs, attracting a welcoming community while also offering a multitude of educational and community engagement activities. The season was marked by robust ticket sales and earned revenue, with contributions gradually increasing as donors regained confidence in attending post-pandemic events. In total, 147 concerts were presented, 89 campus and private events took place, and 50 education and community engagement events were held. This activity not only showcases the foundation's dedication to the performing arts but also its commitment to fostering a vibrant cultural scene at Oklahoma State University.
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Impact
July, 2024
The Foundation For The McKnight Center For The Performing Arts at Oklahoma State University has had a significant impact in supporting and enhancing the performing arts at the university. This past fiscal cycle, the McKnight Center completed its first full season of program offerings since opening in 2019, despite the challenges posed by the pandemic. A diverse range of concert programs were presented to a welcoming community, accompanied by numerous education and community engagement activities.
The strong ticket sales and earned revenue indicate the community's support for the center's activities. Additionally, the foundation saw an increase in contributions as donors gained confidence in attending events post-pandemic. In total, 147 concerts were presented, 89 campus and private events were held, and 50 education and community engagement events took place.
Overall, the Foundation For The McKnight Center For The Performing Arts at Oklahoma State University plays a vital role in promoting the performing arts, providing cultural enrichment, and fostering community engagement in Stillwater, Oklahoma.
This information is meant to be a general summary of Foundation For The Mcknight Center For The Performing Arts At Okla State Univer. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $83
- Program Service Revenue: $1,477,639
- Gross Receipts: $3,647,712
Assets and Liabilities:
- Total Assets: $53,381,347
- Total Liabilities: $687,891
- Net Assets: $52,693,456
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program Revenue
Revenue
$1,477,639
Organization Details
Founding Year
2016
Phone
(405) 744-9003Principal Officer
Mark Blakeman
Main Address
705 W University, Stillwater, OK, 74074
NTEE Category
Code: B11 - Education
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