Latimer Cooksey Arts & Cultural Foundation
EIN: 870800172 · Tulsa, OK · NTEE: A23
| Metric | Value |
|---|---|
| Total Revenue | $391K |
| Total Expenses | $445K |
| Net Assets | $-83,804 |
Is Latimer Cooksey Arts & Cultural Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Latimer Cooksey Arts & Cultural Foundation
Latimer Cooksey Arts & Cultural Foundation (EIN: 870800172) is a nonprofit organization based in Tulsa, OK, classified under NTEE code A23. The organization reported total revenue of $391K and total assets of $38K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Latimer Cooksey Arts & Cultural Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Latimer Cooksey Arts & Cultural Foundation is a small nonprofit that has been operating for 18 years, with 10 years of IRS 990 filings on record (2012–2021). Revenue has grown at a compound annual rate of 4.5%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $391K |
| Total Expenses | $445K |
| Surplus / Deficit | $-54,343 |
| Total Assets | $38K |
| Total Liabilities | $122K |
| Net Assets | $-83,804 |
| Operating Margin | -13.9% |
| Debt-to-Asset Ratio | 317.9% |
| Months of Reserves | 1.0 months |
Financial Health Grade: D
In 2021, Latimer Cooksey Arts & Cultural Foundation reported a deficit of $54K with expenses exceeding revenue, holds 1.0 months of operating reserves (limited), has a debt-to-asset ratio of 317.9% (high leverage).
Financial Trends
Over 10 years of filings (2012–2021), Latimer Cooksey Arts & Cultural Foundation's revenue has grown at a compound annual growth rate (CAGR) of 4.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | +5.2% | +1.2% | +266.1% |
| 2020 | -22.2% | -6.7% | -12.7% |
| 2019 | +0.5% | -1.7% | +444.5% |
| 2018 | +2.3% | +3.5% | -66.6% |
| 2017 | +9.8% | +16.2% | +21.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Latimer Cooksey Arts & Cultural Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Latimer Cooksey Arts & Cultural Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $54K, with expenses exceeding revenue.
- Debt-to-asset ratio: 317.9%.
Frequently Asked Questions about Latimer Cooksey Arts & Cultural Foundation
Is Latimer Cooksey Arts & Cultural Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Latimer Cooksey Arts & Cultural Foundation (EIN: 870800172) insufficient data. 0 red flags identified, 0 strengths noted.
How does Latimer Cooksey Arts & Cultural Foundation spend its money?
Detailed spending breakdown data is not yet available for Latimer Cooksey Arts & Cultural Foundation. Check back for updated IRS 990 analysis.
Are donations to Latimer Cooksey Arts & Cultural Foundation tax-deductible?
Latimer Cooksey Arts & Cultural Foundation is registered as a tax-exempt nonprofit (EIN: 870800172). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Latimer Cooksey Arts & Cultural Foundation located?
Latimer Cooksey Arts & Cultural Foundation is headquartered in Tulsa, Oklahoma and files with the IRS under EIN 870800172. It is classified under NTEE code A23.
How many years of IRS 990 filings does Latimer Cooksey Arts & Cultural Foundation have?
Latimer Cooksey Arts & Cultural Foundation has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $391K in total revenue.
Filing History
IRS 990 filing history for Latimer Cooksey Arts & Cultural Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2012–2021), Latimer Cooksey Arts & Cultural Foundation's revenue has grown by 48.7%, moving from $263K to $391K. Total assets increased by 398.6% over the same period, from $8K to $38K. Total functional expenses rose by 72.4%, from $258K to $445K. In its most recent filing year (2021), Latimer Cooksey Arts & Cultural Foundation reported a deficit of $54K, with expenses exceeding revenue. The organization holds $122K in liabilities against $38K in assets (debt-to-asset ratio: 317.9%), resulting in net assets of $-83,804.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $391K | $445K | $38K | $122K | — | — |
| 2020 | $372K | $440K | $11K | $0 | — | View 990 |
| 2019 | $478K | $472K | $12K | $0 | — | View 990 |
| 2018 | $476K | $480K | $2K | $0 | — | View 990 |
| 2017 | $465K | $464K | $7K | $0 | — | View 990 |
| 2016 | $423K | $399K | $5K | $0 | — | View 990 |
| 2015 | $391K | $387K | $10K | $0 | — | View 990 |
| 2014 | $317K | $314K | $6K | $0 | — | View 990 |
| 2013 | $251K | $256K | $3K | $0 | — | View 990 |
| 2012 | $263K | $258K | $8K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $391K, expenses of $445K, and assets of $38K (revenue +5.2% year-over-year).
- 2020: Revenue of $372K, expenses of $440K, and assets of $11K (revenue -22.2% year-over-year).
- 2019: Revenue of $478K, expenses of $472K, and assets of $12K (revenue +0.5% year-over-year).
- 2018: Revenue of $476K, expenses of $480K, and assets of $2K (revenue +2.3% year-over-year).
- 2017: Revenue of $465K, expenses of $464K, and assets of $7K (revenue +9.8% year-over-year).
- 2016: Revenue of $423K, expenses of $399K, and assets of $5K (revenue +8.4% year-over-year).
- 2015: Revenue of $391K, expenses of $387K, and assets of $10K (revenue +23.1% year-over-year).
- 2014: Revenue of $317K, expenses of $314K, and assets of $6K (revenue +26.3% year-over-year).
- 2013: Revenue of $251K, expenses of $256K, and assets of $3K (revenue -4.5% year-over-year).
- 2012: Revenue of $263K, expenses of $258K, and assets of $8K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Latimer Cooksey Arts & Cultural Foundation:
Data Sources and Methodology
This transparency report for Latimer Cooksey Arts & Cultural Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.