Civic Intelligence

The Miami Downtown Redevelopment Authority

990 • Fiscal year 2022 • EIN 73-1345807

Mar 01, 2021 to Feb 28, 2022 • Filed on May 17, 2022

PO Box 1288Miami, OK 74355

(918) 540-2425

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

76th percentile

0.07x

Higher debt load relative to assets than 76% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

72nd percentile

0.03x

Higher debt load relative to revenue than 72% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

77th percentile

27%

Higher net margin than 77% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2022

Asset Growth

94th percentile

151%

Faster asset growth than 94% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

79th percentile

71%

Faster revenue growth than 79% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Up

$182,753

Up $110,074 (+151%) from 2021

Net Assets

Up

$170,217

Up $103,239 (+154%) from 2021

Liabilities

Up

$12,536

Up $6,835 (+120%) from 2021

Revenue

Up

$430,249

Up $178,056 (+71%) from 2021

Expenses

Up

$314,846

Up $92,594 (+42%) from 2021

Net Income

Up

$115,403

Up $85,462 (+285%) from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0-$500KAssets 2011: $1,639,712Liabilities 2011: $194,000Net Assets 2011: $1,445,7122011Assets 2012: $1,629,343Liabilities 2012: $152,000Net Assets 2012: $1,477,3432012Assets 2013: $1,533,954Liabilities 2013: $142,000Net Assets 2013: $1,391,9542013Assets 2014: $67,458Liabilities 2014: $133,0002014Assets 2015: $22,526Liabilities 2015: $130,9712015Assets 2016: $58,531Liabilities 2016: $122,704Net Assets 2016: -$64,1732016Assets 2017: $51,352Liabilities 2017: $114,978Net Assets 2017: -$63,6262017Assets 2018: $25,005Liabilities 2018: $8,045Net Assets 2018: $16,9602018Assets 2019: $44,799Liabilities 2019: $6,838Net Assets 2019: $37,9612019Assets 2020: $63,275Liabilities 2020: $6,922Net Assets 2020: $56,3532020Assets 2021: $72,679Liabilities 2021: $5,701Net Assets 2021: $66,9782021Assets 2022: $182,753Liabilities 2022: $12,536Net Assets 2022: $170,2172022Assets 2023: $235,169Liabilities 2023: $7,850Net Assets 2023: $227,3192023Assets 2024: $280,099Liabilities 2024: $2,878Net Assets 2024: $277,2212024Assets 2025: $482,733Liabilities 2025: $378Net Assets 2025: $482,3552025

Highlighted filing

2022

Assets$182,753
Liabilities$12,536
Net Assets$170,217

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2011: $992,340Expenses 2011: $181,194Net Income 2011: $811,1462011Revenue 2012: $290,690Expenses 2012: $259,059Net Income 2012: $31,6312012Revenue 2013: $199,378Expenses 2013: $284,767Net Income 2013: -$85,3892013Revenue 2014: $138,073Expenses 2014: $150,345Net Income 2014: -$12,2722014Revenue 2015: $165,417Expenses 2015: $181,299Net Income 2015: -$15,8822015Revenue 2016: $282,823Expenses 2016: $259,344Net Income 2016: $23,4792016Revenue 2017: $309,441Expenses 2017: $308,894Net Income 2017: $5472017Revenue 2018: $298,082Expenses 2018: $189,023Net Income 2018: $109,0592018Revenue 2019: $396,348Expenses 2019: $359,248Net Income 2019: $37,1002019Revenue 2020: $315,737Expenses 2020: $278,553Net Income 2020: $37,1842020Revenue 2021: $252,193Expenses 2021: $222,252Net Income 2021: $29,9412021Revenue 2022: $430,249Expenses 2022: $314,846Net Income 2022: $115,4032022Revenue 2023: $359,944Expenses 2023: $294,592Net Income 2023: $65,3522023Revenue 2024: $362,923Expenses 2024: $301,326Net Income 2024: $61,5972024Revenue 2025: $632,938Expenses 2025: $416,109Net Income 2025: $216,8292025

Highlighted filing

2022

Revenue$430,249
Expenses$314,846
Net Income$115,403
Jump To
Filing Snapshot
Filing Period
Mar 1, 2021 to Feb 28, 2022
Signed
May 17, 2022
Return Version
2021v4.2
Gross Receipts
$433,909
Mission and Program Overview

Mission

Historical preservation of buildings in the miami, oklahoma area

SEE SCHEDULE O.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$66,318$177,504▲ $111,186
Prepaid Expenses and Deferred Charges$3,838$5,249▲ $1,411
Land, Buildings, and Equipment, Net$2,523$0▼ $2,523
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$72,679$182,753▲ $110,074
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$5,322$12,157▲ $6,835
Other Liabilities$379$379→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$5,701$12,536▲ $6,835
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$66,978$170,217▲ $103,239
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$66,978$170,217▲ $103,239
Total Liabilities and Net Assets / Fund Balance$72,679$182,753▲ $110,074

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$25,256$25,256
Compensation and Service Providers

Board Members and Trustees

NameTitle
Lynn ForkumChair
David DavisVice Chair Beg 10/21
Megan FrazierVice Chairman End 10/21
Brian EstepTrustee
Rich LillardTrustee
Shawn HoweTrustee
Joe Dale MorganTrustee Beg 10/21
Debbie EastTrustee Beg 9/21
Matt KellerTrustee End 9/21
Ron StowellSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$163,139
Program Service Revenue
$255,498
Investment Income
$0
Other Revenue
$11,612
All Other Contributions
$68,139
Change in Net Assets
$115,403
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$199,145
Salaries, Compensation, and Employee Benefits$115,701
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$87,965$54,766-$142,731
Other Salaries and Wages$55,020$34,254-$89,274
Office Expenses$29,742$13,736-$43,478
Other Employee Benefits$7,881$4,906-$12,787
Advertising$6,048$3,765-$9,813
Payroll Taxes$4,506$2,805-$7,311
Pension Plan Contributions$3,901$2,428-$6,329
Depreciation Depletion$1,555$968-$2,523
Other Expenses$600--$600
Total Functional Expenses$197,218$117,628$0$314,846
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliates$379
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Backup withholding compliance
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

Selection of trustees: the trustees, including the initial trustees and their successors, are appointed by the city council of the city of miami, oklahoma as follows: -two trustees appointed by the city council of the city of miami, oklahoma, pursuant to its own nominating process and are from their own members. -four trustees appointed by the city council of the city of miami, oklahoma, from a list of one or more nominees for each position, submitted by the presently constituted and serving board of trustees of the mdra. Upon the expiration of the terms of these trustees, the city council of the city of miami, oklahoma, appoints their successors pursuant to its own nominating process. -one trustee appointed by the city council from one or more nominees provided by the mayor of the city of miami, oklahoma. This trustee is not a member of the city council, but may be an officer, employee or agent of the city of miami, oklahoma, or such other person that the mayor nominates.

Form 990, Part VI, Section A, Line 7B

Governance decisions: any amendments to the trust indenture must be approved and confirmed by the affirming vote of at least two thirds of the entire city council of the city of miami, oklahoma, a related organization.

Form 990, Part VI, Section B, Line 11B

Form 990 review process: the form 990 is prepared by an accounting firm using internal financial statements and information provided by the organization. The form 990 is provided to all board members to review at the monthly meeting prior to filing.

Form 990, Part VI, Section C, Line 19

Document disclosure: the organization's governing documents are available to be viewed upon request at the office of the city clerk at the city of miami, oklahoma.

Filing and Contact Details

Filer

Filer Name
The Miami Downtown Redevelopment Authority
EIN
73-1345807
In Care Of
% RON STOWELL
Phone
9185402425
Address
PO BOX 1288, MIAMI, OK 74355

Signing Officer

Name
David Davis
Title
Chairman
Phone
9185402425
Signed
2022-05-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Davis
Formed
1989
Legal Domicile
Ok
Voting Board Members
8
Independent Board Members
8
Employees
6
Volunteers
10

Preparer

Firm
Forvis Llp
Address
910 E ST LOUIS 200/PO BOX 1190, SPRINGFIELD, MO 65806-2523
Preparer
Brian D Todd
Phone
4178658701
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1

The coleman theatre is dedicated to providing quality arts and educational programming that fosters appreciation and community pride, while maintaining and promoting the historic significance of the theatre.

Form 990, Part XI, Line 9

Other changes in net assets: $(12,164) net transfers to/from affiliate

Form 990 Part IX Line 11G

Description:special contracts total fees:132348

Form 990 Part IX Line 11G

Description:maintenance/service contracts total fees:7534

Form 990 Part IX Line 11G

Description:professional services total fees:2849

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IRS990/MissionDesc0THE COLEMAN THEATRE IS DEDICATED TO PROVIDING QUALITY ARTS AND EDUCATIONAL PROGRAMMING THAT FOSTERS APPRECIATION AND COMMUNITY PRIDE, WHILE MAINTAINING AND PROMOTING THE HISTORIC SIGNIFICANCE OF THE THEATRE.
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IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt07881
IRS990/OtherEmployeeBenefitsGrp/TotalAmt012787
IRS990/OtherExpensesGrp/Desc0LICENSES, DUES, SUBSCRIPTIONS
IRS990/OtherExpensesGrp/ProgramServicesAmt0600
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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt055020
IRS990/OtherSalariesAndWagesGrp/TotalAmt089274
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IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02805
IRS990/PayrollTaxesGrp/ProgramServicesAmt04506
IRS990/PayrollTaxesGrp/TotalAmt07311
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt02428
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt03901
IRS990/PensionPlanContributionsGrp/TotalAmt06329
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
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IRS990/PrincipalOfficerNm0DAVID DAVIS
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IRS990/ProgramServiceRevenueGrp/Desc1TICKET SALES & USE FEES
IRS990/ProgramServiceRevenueGrp/Desc2OTHER REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt081891
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1171003
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt22604
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt081891
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1171003
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt22604
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IRS990/PYOtherRevenueAmt04917
IRS990/PYProgramServiceRevenueAmt0116688
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0141073
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0113695
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0180659
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt025256
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt025256
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0379
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IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalLiabilityAmt0379
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IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE COLEMAN THEATRE IS DEDICATED TO PROVIDING QUALITY ARTS AND EDUCATIONAL PROGRAMMING THAT FOSTERS APPRECIATION AND COMMUNITY PRIDE, WHILE MAINTAINING AND PROMOTING THE HISTORIC SIGNIFICANCE OF THE THEATRE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1SELECTION OF TRUSTEES: THE TRUSTEES, INCLUDING THE INITIAL TRUSTEES AND THEIR SUCCESSORS, ARE APPOINTED BY THE CITY COUNCIL OF THE CITY OF MIAMI, OKLAHOMA AS FOLLOWS: -TWO TRUSTEES APPOINTED BY THE CITY COUNCIL OF THE CITY OF MIAMI, OKLAHOMA, PURSUANT TO ITS OWN NOMINATING PROCESS AND ARE FROM THEIR OWN MEMBERS. -FOUR TRUSTEES APPOINTED BY THE CITY COUNCIL OF THE CITY OF MIAMI, OKLAHOMA, FROM A LIST OF ONE OR MORE NOMINEES FOR EACH POSITION, SUBMITTED BY THE PRESENTLY CONSTITUTED AND SERVING BOARD OF TRUSTEES OF THE MDRA. UPON THE EXPIRATION OF THE TERMS OF THESE TRUSTEES, THE CITY COUNCIL OF THE CITY OF MIAMI, OKLAHOMA, APPOINTS THEIR SUCCESSORS PURSUANT TO ITS OWN NOMINATING PROCESS. -ONE TRUSTEE APPOINTED BY THE CITY COUNCIL FROM ONE OR MORE NOMINEES PROVIDED BY THE MAYOR OF THE CITY OF MIAMI, OKLAHOMA. THIS TRUSTEE IS NOT A MEMBER OF THE CITY COUNCIL, BUT MAY BE AN OFFICER, EMPLOYEE OR AGENT OF THE CITY OF MIAMI, OKLAHOMA, OR SUCH OTHER PERSON THAT THE MAYOR NOMINATES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNANCE DECISIONS: ANY AMENDMENTS TO THE TRUST INDENTURE MUST BE APPROVED AND CONFIRMED BY THE AFFIRMING VOTE OF AT LEAST TWO THIRDS OF THE ENTIRE CITY COUNCIL OF THE CITY OF MIAMI, OKLAHOMA, A RELATED ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990 REVIEW PROCESS: THE FORM 990 IS PREPARED BY AN ACCOUNTING FIRM USING INTERNAL FINANCIAL STATEMENTS AND INFORMATION PROVIDED BY THE ORGANIZATION. THE FORM 990 IS PROVIDED TO ALL BOARD MEMBERS TO REVIEW AT THE MONTHLY MEETING PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DOCUMENT DISCLOSURE: THE ORGANIZATION'S GOVERNING DOCUMENTS ARE AVAILABLE TO BE VIEWED UPON REQUEST AT THE OFFICE OF THE CITY CLERK AT THE CITY OF MIAMI, OKLAHOMA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5OTHER CHANGES IN NET ASSETS: $(12,164) NET TRANSFERS TO/FROM AFFILIATE

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.48$0.00$0.48$0.63$0.42$0.22
2024Detailed filing. Detailed filing data is available for this year.$0.28$0.00$0.28$0.36$0.30$0.06
2023Detailed filing. Detailed filing data is available for this year.$0.24$0.01$0.23$0.36$0.29$0.07
2022Detailed filing. Detailed filing data is available for this year.$0.18$0.01$0.17$0.43$0.31$0.12
2021Detailed filing. Detailed filing data is available for this year.$0.07$0.01$0.07$0.25$0.22$0.03
2020Detailed filing. Detailed filing data is available for this year.$0.06$0.01$0.06$0.32$0.28$0.04
2019Detailed filing. Detailed filing data is available for this year.$0.04$0.01$0.04$0.40$0.36$0.04
2018Detailed filing. Detailed filing data is available for this year.$0.03$0.01$0.02$0.30$0.19$0.11
2017Detailed filing. Detailed filing data is available for this year.$0.05$0.11$0.06$0.31$0.31$0.00
2016Summary only. Only limited summary data is available for this year.$0.06$0.12$0.06$0.28$0.26$0.02
2015Summary only. Only limited summary data is available for this year.$0.02$0.13$0.17$0.18$0.02
2014Summary only. Only limited summary data is available for this year.$0.07$0.13$0.14$0.15$0.01
2013Summary only. Only limited summary data is available for this year.$1.53$0.14$1.39$0.20$0.28$0.09
2012Summary only. Only limited summary data is available for this year.$1.63$0.15$1.48$0.29$0.26$0.03
2011Summary only. Only limited summary data is available for this year.$1.64$0.19$1.45$0.99$0.18$0.81