Oklahoma Visual Arts Coalition

EIN: 731328072 501(c)(3) Arts, Culture & Humanities

Oklahoma City, OK

Total Revenue
$819,510
Total Expenses
$595,995
Total Assets
$768,000
Net Assets
$504,685
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
OK
Principal Officer
Douglas Sorocco
Phone
4058792400
Tax Period
2023-07-01 to 2024-06-30

Oklahoma Visual Arts Coalition, founded in 1988, is a small nonprofit in the Arts, Culture & Humanities sector that reported $820K in total revenue in fiscal year 2023. Revenue surged 50% from the prior year, signaling strong growth momentum. The organization ran a surplus of $224K, a strong 27% operating margin.

Mission

The Oklahoma Visual Arts Coalition grows and develops Oklahomas visual arts community through education, promotion, connection, and funding.

Program Service Accomplishments

Program 1
Expenses: $173,344 Revenue: $42,078

Community Arts Development and Advocacy Encouraging greater public appreciation and participation in the visual arts, OVAC produces Art Focus magazine,exhibitions such as Member Shows and MOMENTUM...

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Community Arts Development and Advocacy Encouraging greater public appreciation and participation in the visual arts, OVAC produces Art Focus magazine,exhibitions such as Member Shows and MOMENTUM, www.ovac.org, and a monthly newsletter. In FY24, Art Focus highlighted the work of 59 artists, 20 contributing writers, an editor, and a graphic designer in four quarterly issues, reaching a readership of more than 12k both in print and online. The two-day MOMENTUM exhibition showcased the talent of 42 artists ages 30 and under from across Oklahoma, connecting them to an audience of over 870 visitors. OVACs website and newsletters connect nearly 20,000 practicing artists and arts audiences to resources and visual arts news, events, and opportunities across the state.

Program 2
Expenses: $148,174 Revenue: $0

Economic Investment OVAC provides vital financial resources to artists that support business growth and the expansion of their creative practices, thereby contributing to the states cultural and...

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Economic Investment OVAC provides vital financial resources to artists that support business growth and the expansion of their creative practices, thereby contributing to the states cultural and economic prosperity. In FY24, the Grants for Artists program awarded $16K in funding to 20 artists to purchase equipment or supplies, advance education, or create new projects. Through a partnership with the Andy Warhol Foundation for the Visual Arts, the Thrive Grants program awarded $60K, supporting 437 artists to conduct large-scale collaborative community arts projects that were open and accessible to the public and served audiences of over 4,000. Artists also earn income through awards, honoraria, and sales commissions by participating in OVACs programming.

Program 3
Expenses: $102,910 Revenue: $8,250

Artist Professional Development OVAC equips over 1,500 artists annually with free skill-building and educational opportunities to advance their careers and reach new audiences. The Artist Survival...

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Artist Professional Development OVAC equips over 1,500 artists annually with free skill-building and educational opportunities to advance their careers and reach new audiences. The Artist Survival Kit (ASK) program presents Workshops, Office Hours, and Panel Discussions on topics such as marketing, preparing artwork for exhibitions, and legal compliance. Art Crit Night is a free public event featuring local artists who present their work during a curator-led discussion. Photo Studio provides artists with professional images of their artwork to build their portfolio and enhance their online presence at an affordable cost. The Membership program connects subscribers to addtional resources and services to advance their professional development.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $698,399
Program Service Revenue $50,329
Investment Income $17,855
Other Revenue $52,927
TOTAL REVENUE $819,510

Expense Breakdown

Grants Paid $81,773
Salaries & Benefits $283,720
Fundraising Expenses $61,930
Program Expenses $465,567
Other Expenses $230,502
TOTAL EXPENSES $595,995

Year-over-Year Comparison

2023 2022 Change
Revenue $819,510 $546,258 +0.5%
Expenses $595,995 $575,662 +0.0%
Net Income $223,515 $-29,404 -8.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
13
Independent Members
13
Employees
6
Volunteers
148

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Matthew Anderson Secretary 2.00
Officer Director
$0 $0 $0
Marjorie Atwood Director 1.00
Director
$0 $0 $0
Jon Fisher Vice President 2.00
Officer Director
$0 $0 $0
Barbara Gabel Director 1.00
Director
$0 $0 $0
Farooq Karim Director 1.00
Director
$0 $0 $0
Kathryn Kenney Director 1.00
Director
$0 $0 $0
Jacquelyn Knapp Parliamentarian 2.00
Officer Director
$0 $0 $0
John Marshall Past President 1.00
Director
$0 $0 $0
Kirsten Olds Director 1.00
Director
$0 $0 $0
Diane Salamon Treasurer 2.00
Officer Director
$0 $0 $0
Douglas Sorocco President 3.00
Officer Director
$0 $0 $0
Russ Teubner Director 1.00
Director
$0 $0 $0
Christopher Winland Director 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $819,510 $595,995 $768,000 $223,515
2023 $546,258 $575,662 $506,212 $-29,404
2022 $492,229 $581,974 $500,161 $-89,745
2021 $667,277 $554,916 $582,341 $112,361
2020 $444,640 $392,792 $283,705 $51,848
2019 $421,667 $400,473 $225,773 $21,194
2018 $346,788 $378,410 $205,041 $-31,622
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