Civic Intelligence

Oklahoma City Philharmonic Foundation Inc.

EIN 73-1236875 • 501(c)3 • Oklahoma City, OK

Pub. 78 Eligible

Profile

To support the oklahoma city philharmonic society, inc

424 Colcord DriveOklahoma City, OK 73102

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

88th percentile

0.77x

Higher debt load relative to assets than 88% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

100th percentile

113.32x

Higher debt load relative to revenue than 100% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

3rd percentile

-88%

Higher net margin than 3% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

23rd percentile

$0

Higher top officer pay than 23% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

64th percentile

9.0%

Faster asset growth than 64% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

100th percentile

2788%

Faster revenue growth than 100% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$9,831,649

Up $807,854 (+9.0%) from 2023

Liabilities

Up

$7,611,373

Up $650,131 (+9.3%) from 2023

Net Assets

Up

$2,220,276

Up $157,723 (+7.6%) from 2023

Revenue

Up

$67,168

Up $64,842 (+2788%) from 2023

Expenses

Up

$126,226

Up $7,521 (+6.3%) from 2023

Net Income

Up

-$59,058

Up $57,321 (+49%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$10M$5.0M$0Assets 2011: $5,718,865Liabilities 2011: $0Net Assets 2011: $5,718,8652011Assets 2012: $6,337,212Liabilities 2012: $4,700,334Net Assets 2012: $1,636,8782012Assets 2013: $6,916,692Liabilities 2013: $5,163,728Net Assets 2013: $1,752,9642013Assets 2014: $7,951,012Liabilities 2014: $6,021,111Net Assets 2014: $1,929,9012014Assets 2015: $8,037,460Liabilities 2015: $5,967,241Net Assets 2015: $2,070,2192015Assets 2016: $7,628,013Liabilities 2016: $5,672,550Net Assets 2016: $1,955,4632016Assets 2017: $8,050,008Liabilities 2017: $5,998,460Net Assets 2017: $2,051,5482017Assets 2018: $8,096,219Liabilities 2018: $6,032,814Net Assets 2018: $2,063,4052018Assets 2019: $8,226,779Liabilities 2019: $6,155,727Net Assets 2019: $2,071,0522019Assets 2020: $7,656,530Liabilities 2020: $5,726,833Net Assets 2020: $1,929,6972020Assets 2021: $9,334,421Liabilities 2021: $7,014,637Net Assets 2021: $2,319,7842021Assets 2022: $8,593,369Liabilities 2022: $6,492,820Net Assets 2022: $2,100,5492022Assets 2023: $9,023,795Liabilities 2023: $6,961,242Net Assets 2023: $2,062,5532023Assets 2024: $9,831,649Liabilities 2024: $7,611,373Net Assets 2024: $2,220,2762024

Highlighted filing

2024

Assets$9,831,649
Liabilities$7,611,373
Net Assets$2,220,276

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200KRevenue 2011: $510,327Expenses 2011: $271,309Net Income 2011: $239,0182011Revenue 2012: $53,197Expenses 2012: $82,656Net Income 2012: -$29,4592012Expenses 2013: $92,1592013Revenue 2014: $173,175Expenses 2014: $94,437Net Income 2014: $78,7382014Revenue 2015: $293,205Expenses 2015: $91,099Net Income 2015: $202,1062015Revenue 2016: $176,467Expenses 2016: $122,610Net Income 2016: $53,8572016Revenue 2017: $47,640Expenses 2017: $113,010Net Income 2017: -$65,3702017Revenue 2018: $56,318Expenses 2018: $111,732Net Income 2018: -$55,4142018Revenue 2019: $37,668Expenses 2019: $112,490Net Income 2019: -$74,8222019Revenue 2020: $68,336Expenses 2020: $114,438Net Income 2020: -$46,1022020Revenue 2021: $173,572Expenses 2021: $113,741Net Income 2021: $59,8312021Revenue 2022: $55,559Expenses 2022: $115,975Net Income 2022: -$60,4162022Revenue 2023: $2,326Expenses 2023: $118,705Net Income 2023: -$116,3792023Revenue 2024: $67,168Expenses 2024: $126,226Net Income 2024: -$59,0582024

Highlighted filing

2024

Revenue$67,168
Expenses$126,226
Net Income-$59,058

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$9.83$7.61$2.22$0.07$0.13$0.06
2023Detailed filing. Detailed filing data is available for this year.$9.02$6.96$2.06$0.00$0.12$0.12
2022Detailed filing. Detailed filing data is available for this year.$8.59$6.49$2.10$0.06$0.12$0.06
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.33$7.01$2.32$0.17$0.11$0.06
2020Detailed filing. Detailed filing data is available for this year.$7.66$5.73$1.93$0.07$0.11$0.05
2019Detailed filing. Detailed filing data is available for this year.$8.23$6.16$2.07$0.04$0.11$0.07
2018Detailed filing. Detailed filing data is available for this year.$8.10$6.03$2.06$0.06$0.11$0.06
2017Summary only. Only limited summary data is available for this year.$8.05$6.00$2.05$0.05$0.11$0.07
2016Summary only. Only limited summary data is available for this year.$7.63$5.67$1.96$0.18$0.12$0.05
2015Summary only. Only limited summary data is available for this year.$8.04$5.97$2.07$0.29$0.09$0.20
2014Detailed filing. Detailed filing data is available for this year.$7.95$6.02$1.93$0.17$0.09$0.08
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.92$5.16$1.75$0.09
2012Summary only. Only limited summary data is available for this year.$6.34$4.70$1.64$0.05$0.08$0.03
2011Summary only. Only limited summary data is available for this year.$5.72$0.00$5.72$0.51$0.27$0.24
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 7, 2025
Return Version
2023v6.0
Gross Receipts
$1,392,411
Mission and Program Overview

Mission

To support the oklahoma city philharmonic society, inc

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$8,998,795$9,806,649▲ $807,854
Total Assets$9,023,795$9,831,649▲ $807,854
Other Assets Total$25,000$25,000→ $0
Liabilities
Other Liabilities$6,961,242$7,611,373▲ $650,131
Total Liabilities$6,961,242$7,611,373▲ $650,131
Net Assets / Fund Balance
Net Assets With Donor Restrictions$2,062,553$2,220,276▲ $157,723
Total Net Assets Fund Balance$2,062,553$2,220,276▲ $157,723
Total Liabilities and Net Assets / Fund Balance$9,023,795$9,831,649▲ $807,854

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$2,062,553-▲ $269,574-$2,220,276
2022$2,100,549-▲ $69,432-$2,062,553
2021$2,319,784-▼ $115,906-$2,100,549
2020$1,929,697-▲ $492,610-$2,319,784
2019$2,071,052-▼ $38,098-$1,929,697
Compensation and Service Providers

Board Members and Trustees

NameTitle
Douglas J StussiPresident
Charles E WigginFirst Vice President
Jeff StarlingSecond Vice President
ANDRE' B CALDWELLBoard Member
Duke R LigonBoard Member
Erik SalazarBoard Member
J Edward BarthBoard Member
Jane B HarlowBoard Member
Jane Jayroe GambleBoard Member
Jean a HartsuckBoard Member
L Joe BradleyBoard Member
Michael E JosephBoard Member
Mischa GorkuschaBoard Member
Patrick B AlexanderBoard Member
Patrick E Randall IiBoard Member
Paul DudmanBoard Member
Penny M MccalebBoard Member
Richard TanenbaumBoard Member
Steven C AgeeBoard Member
Teresa CooperBoard Member
Alice PippinSecretary
Louise Cleary CannonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$67,168
Other Revenue
$0
Change in Net Assets
$-59,058
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$111,851
Other Expenses$14,375
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$111,851--$111,851
Fees for Service Investment Mgmnt Fees$0$14,375$0$14,375
Total Functional Expenses$111,851$14,375$0$126,226
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Oklahoma Philharmonic Society IncOklahoma City, OK501c3Gen Support$111,851
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Funds Held for Others$7,611,373
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Oklahoma City Philharmonic Foundation Inc
EIN
73-1236875
Phone
4052327575
Address
424 COLCORD DRIVE, OKLAHOMA CITY, OK 73102

Signing Officer

Name
Louise Cleary Cannon
Title
Treasurer
Phone
4052327575
Signed
2025-05-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Doug Stussi
Formed
1988
Legal Domicile
Ok
Voting Board Members
22
Independent Board Members
22
Employees
0
Volunteers
22

Preparer

Firm
Hspg & Associates Pc
Address
5400 N GRAND BLVD STE 330, OKLAHOMA CITY, OK 73112
Preparer
Matthew L Cole
Phone
4058449995
Supplemental Narrative

Additional Explanations

Pt VI, Line 6

The sole member of the foundation is the oklahoma philharmonic society, inc.

Pt VI, Line 7A

The sole member must approve the election of the directors.

Pt VI, Line 7B

The sole member must approve actions of the foundations board of directors as detailed in the by laws.

Pt VI, Line 11B

The form 990 is provided electronically to the full board for their review prior to issuance. Trustees will reply with any questions or their approval to sign the return.

Pt VI, Line 12C

Board members are required to submit conflict of interest statements on an annual basis. These are monitored and enforced by the executive committee of the board.

Pt VI, Line 19

UPON REQUEST.

Financial Statement Notes

Pt V, Line 4

The endowment consists of funds held in investments and was created through donor-restricted endowment funds. As a component of supporting the philharmonic society, the earnings can also be used to subsidize ballet oklahoma and canterbury choral society for orchestral services.

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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0FUNDS HELD FOR OTHERS
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ENDOWMENT CONSISTS OF FUNDS HELD IN INVESTMENTS AND WAS CREATED THROUGH DONOR-RESTRICTED ENDOWMENT FUNDS. AS A COMPONENT OF SUPPORTING THE PHILHARMONIC SOCIETY, THE EARNINGS CAN ALSO BE USED TO SUBSIDIZE BALLET OKLAHOMA AND CANTERBURY CHORAL SOCIETY FOR ORCHESTRAL SERVICES.
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IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0N/A
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0GEN SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0OKLAHOMA PHILHARMONIC SOCIETY INC
IRS990ScheduleI/RecipientTable/RecipientEIN0731328565
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0424 COLCORD DRIVE STE B
IRS990ScheduleI/RecipientTable/USAddress/CityNm0OKLAHOMA CITY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0OK
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd073102
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0N/A
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0GRANTS TO THE SOCIETY ARE FOR GENERAL PURPOSE USE WITH NO FURTHER MONITORING BY THE FOUNDATION CONSIDERED NECESSARY.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt I Line 2
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE SOLE MEMBER OF THE FOUNDATION IS THE OKLAHOMA PHILHARMONIC SOCIETY, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE SOLE MEMBER MUST APPROVE THE ELECTION OF THE DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE SOLE MEMBER MUST APPROVE ACTIONS OF THE FOUNDATIONS BOARD OF DIRECTORS AS DETAILED IN THE BY LAWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FORM 990 IS PROVIDED ELECTRONICALLY TO THE FULL BOARD FOR THEIR REVIEW PRIOR TO ISSUANCE. TRUSTEES WILL REPLY WITH ANY QUESTIONS OR THEIR APPROVAL TO SIGN THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BOARD MEMBERS ARE REQUIRED TO SUBMIT CONFLICT OF INTEREST STATEMENTS ON AN ANNUAL BASIS. THESE ARE MONITORED AND ENFORCED BY THE EXECUTIVE COMMITTEE OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 7b

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