FOUNDATION FOR THE MCKNIGHT CENTER FOR THE PERFORMING ARTS

EIN: 812608656 501(c)(3) Education

STILLWATER, OK

Total Revenue
$3,427,077
Total Expenses
$5,652,712
Total Assets
$64,001,575
Net Assets
$61,628,573
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
OK
Principal Officer
MARK BLAKEMAN
Phone
4057449003
Tax Period
2024-07-01 to 2025-06-30

FOUNDATION FOR THE MCKNIGHT CENTER FOR THE PERFORMING ARTS, founded in 2016, is a community nonprofit in the Education sector that reported $3.4M in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $5.7M exceeded revenue, resulting in a 65% operating deficit.

Mission

THROUGH A PARTNERSHIP WITH OKLAHOMA STATE UNIVERSITY (OSU), THE FOUNDATION FOR THE MCKNIGHT CENTER FOR THE PERFORMING ARTS EXISTS TO SERVE AS THE EXCLUSIVE OPERATOR OF THE MCKNIGHT CENTER FACILITY, ON BEHALF OF OSU. IN THE COURSE OF ITS DUTIES, THE FOUNDATION MANAGES THE FACILITY, PROGRAMS A PROFESSIONAL SERIES OF WORLD-CLASS PERFORMERS AND ENSEMBLES, AND FACILITATES ACCESS TO OSU STUDENTS TO LEARN DIRECTLY FROM THOSE VISITING ARTISTS ALL WITH AN AIM TO ENHANCE STUDENT LEARNING, STRENGTHEN THE OSU COMMUNITY AND BOLSTER THE UNIVERSITY BRAND THROUGH ENGAGING, HIGH-PROFILE PERFORMING ARTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,520,129
Program Service Revenue $1,806,018
Investment Income $100,930
Other Revenue $0
TOTAL REVENUE $3,427,077

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,336,738
Fundraising Expenses $527,783
Program Expenses $4,345,413
Other Expenses $4,315,974
TOTAL EXPENSES $5,652,712

Year-over-Year Comparison

2024 2023 Change
Revenue $3,427,077 $2,628,288 +0.3%
Expenses $5,652,712 $4,796,017 +0.2%
Net Income $-2,225,635 $-2,167,729 +0.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
8
Employees
128
Volunteers
8

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
2
$404,702
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROSS MCKNIGHT CHAIRMAN 1.00
Director
$0 $0 $0
CARL THOMA VICE CHAIRMAN 1.00
Director
$0 $0 $0
GARY CLARK SECRETARY 1.00
Director
$0 $0 $0
DAWN BARNARD TREASURER 1.00
Director
$0 $0 $0
BLAIRE ATKINSON TRUSTEE 1.00
Director
$0 $0 $0
JOE HALL TRUSTEE 1.00
Director
$0 $0 $0
BILLIE MCKNIGHT TRUSTEE 1.00
Director
$0 $0 $0
JIM HESS TRUSTEE 1.00
Director
$0 $0 $0
KAYSE SHRUM TRUSTEE 1.00
Director
$0 $0 $0
MARK BLAKEMAN EXECUTIVE DIRECTOR 40.00
Officer
$261,060 $27,437 $288,497
LANELL DAVIS DIRECTOR OF FINANCE 40.00
Officer
$98,805 $17,400 $116,205
JESSICA NOVAK DIRECTOR OF MARKETING 40.00
Highest
$102,572 $6,619 $109,191
SVANO ASCANI DIRECTOR OF ARTISTIC OPERATIONS 40.00
Highest
$105,805 $12,022 $117,827
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 $3,427,077 $5,652,712 $64,001,575 $-2,225,635
2024 $2,628,288 $4,796,017 $59,949,918 $-2,167,729
2023 $3,659,364 $4,595,805 $55,739,534 $-936,441
2022 $3,647,712 $4,214,340 $53,381,347 $-566,628
2021 $4,518,336 $1,813,129 $57,078,903 $2,705,207
2020 $3,862,579 $3,684,802 $44,968,233 $177,777
2019 $7,883,556 $1,227,039 $42,804,652 $6,656,517
2018 $890,133 $553,223 $34,093,918 $336,910
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