Fine Arts Institute of Edmond
PO Box 311
Edmond OK 73083-0311
Tax Exempt Status Public Supported Charity
Organization Does Business As (DBA) Name(s)
Organization DBA
Fine Arts Institute
Mission Statement The Fine Arts Institute is Edmond's non-profit organization offering instruction to youth and adults in the visual and performing arts.  The FAI encourages independent expression and hands-on experiences.  A student/teacher ratio of 12:1 insures individualized ability development.  The FAI sponsors and presents many community arts events.
Contact Information
Contact Name Shannon Price
Contact email info@edmondfinearts.com
Address PO Box 311
Edmond, OK 73083 0311
Phone (405) 340 4481
Fax 405-340-3272
County Oklahoma
Alternate Address 27 East Edwards
Edmond OK 73034
How to Give
Donate with Credit Card http://www.edmondfinearts.com
Donate to Endowment http://occf.org/fai/
Other ways to donate, support or volunteer
Mail checks to P.O. Box 311, Edmond, OK  73083
Drop donations by at 27 East Edwards, Edmond, OK 73034
Call 340-4481 to take donations over the phone with credit card.
Financial Summary
 
 
Projected Revenue $505,063.00
Projected Expenses $505,031.00
History and Background
Former Names
NameYear
N/A
Year Founded 1985
IRS Ruling Year 1985
State Registration Expiration May 2014
Statements
Mission The Fine Arts Institute is Edmond's non-profit organization offering instruction to youth and adults in the visual and performing arts.  The FAI encourages independent expression and hands-on experiences.  A student/teacher ratio of 12:1 insures individualized ability development.  The FAI sponsors and presents many community arts events.
Background
In 1985 four Edmond mothers saw a need for more art instruction for children and took action getting a 501c3 status, bylaws, a board of directors and 4 art and drama teachers.  They used one classroom in a local church and had 90 students the first year.  Each year more programming was added (an honor chorus, a juried art exhibit for children, plays and performances and additional class curriculum).
Fast forward to 2013, we are in our own debt free beautiful 8,000 square foot building plus outdoor classroom,  have strong partnerships with Edmond Public Schools, City of Edmond, Juvenile Court, Alzheimer's Association, Peppers Ranch (art therapy), Edmond Sister City (cultural exchange with Engels, Russia) and others.  In-house enrollment for art related classes for adults and children is over 2,900 and we reached 15,000 people with all of our programming. 
Impact

Big things are happening at the Fine Arts Institute!  Creativity and diversity thrive with a variety of classes and programs for all ages.  In-house visual and performing art classes are available for 3 - 93 year olds. Other opportunities include; singing in the Edmond Youth Chorus, enter our statewide Youth Impressions juried art show, star in or attend our children’s theatre productions, enter our Youth Visions photography competition, perform or enjoy Edmond’s Got Talent, enroll in one of eleven summer camps or visit and enjoy the monthly exhibits in our Kirkpatrick Family gallery. Partnerships have expanded and include the Alzheimer’s Association with a class designed for adults with dementia,  the Edmond Juvenile Court System, a delinquency program, and Edmond Public School, a partnership that provided weekly art classes to 8 elementary schools.

Recently added is an outdoor classroom and park providing additional performance, event and creative classroom space.  

Looking ahead we will continue to be the artistic and cultural leader in Edmond through curriculum, programs and community cultural opportunities; expand the visibility and the positive reputation of our organization in the Edmond and Oklahoma City metropolitan areas; ensure adequate financial and in-kind resources to fund the programs, classes and other cultural events sponsored by the Fine Arts Institute currently and in the future;  ensure that the mission of the Fine Arts Institute is responsibly and professionally executed by having high quality individuals involved in management, governance and instruction.

 
 
Needs
Marketing is always a challenge:  how can we reach the most people with a limited marketing budget of $15,000.  Financially we must develop a planned giving program for gifts and bequests.  We must increase our reserve for asset management with regard to building maintenance, landscaping, equipment, etc.  We must organize a solid volunteer force other than our board members.   We must be diligent in completing evaluations of all classes and programs for interest, success, and appropriate financial return. 
CEO/Executive Director Statement
The Fine Arts Institute of Edmond has a commanding presence with wise, passionate board members, talented, friendly teachers and an experienced, dedicated staff.  Whether it is an older gentleman proudly performing Red Skelton's version of the Pledge of Allegiance or a precious five year old cutting a self portrait with the only two fingers she was born with, Edmond's has talent.   We embrace diversity of all kinds and offer classes and programs that encourage artistic appreciate and enhance individual creative experiences.  Fine Arts Institute programs and partnerships continue to grow as we reach more people in the greater metro area.  Come visit us and see for yourself the friendly atmosphere and creative spirit in the beautiful building at 27 East Edwards in Edmond. 
Board Chair Statement
Art in all its forms is near and dear to my heart.  I believe art education is a vital part of a child's education and is closely linked to almost everything that we as a nation say we want for our children: academic achievement, social and emotional development, civic engagement and equitable opportunity.  There are myriad stories I could share about the work done by the wonderful staff, employees and volunteers of the Fine Arts Institute about lives, young and old, that have been forever positively changed because the person was touched by art.  Art moves the soul.  It means something and brings joy.  It carries messages of all kinds and helps people heal.  Art teaches people to love themselves and to forgive others. 

One great example of the critical importance of art is the story of the young man who was arrested, charged with crimes and struggling with a number of problems and difficulties in his young life. As a part of his sentence he was ordered by the juvenile court to take an art class taught by Fine Art’s Institute faculty. I’m sure the young man thought he was getting off easy! Little did he know at the time, his life was about to be changed for the better. Many years later, that well-adjusted young man wrote a very personal letter to the Fine Arts Institute thanking us for changing his life. This is the kind of story that makes my affiliation with the FAI so rewarding. Last year, we touched the lives of over 15,000 people in our community and helped them become passionate people and enjoy the ability to create something uniquely their own.

It is an honor and a privilege to be part of the Fine Arts Institute.    Our organization is well-run, and our time and relationships in the community help us organize the support we need to thrive.   Like many non-profits we face financial challenges, however through a combination of fiscal restraint and hard work, our organization continues to grow.

And this is where we turn to you, the donor. Your donation means we can continue to provide arts education, the joy of discovery, healing and helping to our community. What we do matters. What you do matters, too. Please support the Fine Arts Institute and become a "Friend of  FAI".

Area Served
Area Served
Geographic Area Served
Edmond
Oklahoma County
Edmond, Guthrie, Jones, Arcadia, Oklahoma City, Piedmont, Yukon, Del City, Mid West City.  We have had grandmothers who live in Edmond bring their grandchildren to the Fine Arts Institute while visiting from China, Africa and Sweden.
Service Categories
Secondary Organizational Category Arts,Culture & Humanities/Arts & Culture
Tertiary Organizational Category Arts,Culture & Humanities/Arts Education
Programs
Description
Year round classes in the visual and performing arts; Edmond Youth Chorus; annual statewide Youth Impressons juried art exhibit; 2 annual children's plays; 11 art related camps, Edmond's Got Talent show; Live at the Courtyard Teen concerts;  Art therapy at Peppers Ranch and Rolling Green Apartments and for adults with Alzheimer's; Youth Visions photography competition; art instruction in eight Edmond elementary  schools; Creative Side art based delinquency prevention  program for teens through the Edmond Juvenile Court; and  fund raising events:  Spring Sampler auction; 5x5 Art Show and Sale; Santa's Art Workshop;  and 5K to Monet family fun walk and 5K race. 
Strategy
Population Served Children and Youth (0 - 19 years) Adults Infants to Preschool (under age 5)
Program Long-term SuccessHelpDescription of the ultimate change(s) that will result from this program. This may be far into the future or represent an ideal state.
The intent of all classes and programming at the Fine Arts Institute of Edmond is that children and adults will expand their knowledge, appreciation and skills in the visual and performing arts.  Exposure to the arts and art education is critical to a civilized world.
Comments on Programs
CEO/Executive Director/Board Comments
Over the years when prospective cultural opportunities or events have been suggested to us, we analyze  them for interest, value and financial feasibility.  Without exception when the Fine Arts Institute presents new programming, it is a success. With regard to classes, ocasionally a class does "not make" due to a lack of interest. Then we evaluate why.  Financially, we have not raised our tuition rate since we moved into our own building in 2004.  Keeping classes and activities affordable is important to all of us. 
CEO/Executive Director
CEO/Executive Director Shannon Price
Start Date May 2013
Email shannon@edmondfinearts.com
Senior Staff
NameTitle
Janet HoppeEnrollment Coordinator
Genevieve McClainProgram Director
Shannon PriceAssistant Director
Staff
Number of Full-time Staff 3
Number of Part-time Staff 24
Number of Contract Staff 24
Number of Volunteers 80
Staff Retention Rate 100
Are professional development opportunities provided? Yes
Does CEO/Executive Director have formal evaluations? Yes
Management reports to board? Yes
Staff Demographics - Ethnicity
African American/Black 0
Asian American/Pacific Islander 0
Caucasian 25
Hispanic/Latino 0
Native American/American Indian 2
Other 0 0
Staff Demographics - Gender
Male 3
Female 24
Organizational Plans
Fundraising Plan No
Policy against commission-based compensation for fundraising consultant No
Communication Plan No
Strategic Plan Yes
Number of Years Strategic Plan Considers 3
Date Strategic Plan Adopted Oct 2012
Management Succession Plan No
Organization Policies and Procedures Yes
Collaborations
Edmond Public Schools, City of  Edmond, Edmond Juvenile Court, Edmond Sister City  Association, Peppers Ranch, and Edmond Women's Club, Rotary of Edmond, Alzheimer's Association, AMBUCS, Downtown Edmond Business Association, 
Affiliations
AffiliationYear
Oklahoma Arts Council2012
Awards
Awards
Award/RecognitionOrganizationYear
Governor's Arts in EducationOklahoma Arts Council2009
Government Licenses
Is your organization licensed by the government (federal, state and/or local)? No
Comments on Staff & Management
CEO/Executive Director/Board Comments New educated and experienced teachers have been added to our faculty this year.  Twenty two hard working and experienced individuals make up our board of directors.  An outdoor classroom and park has been  completed on property to the west of our building which will allow for expansion of programming and classes.  In-kind support for the park came from the Oklahoma City Community Foundation. The Alzheimer's Association has been added to our list of partners creating art opportunities  for adults with dementia.  The Fine Arts Institute of Edmond is a busy and creative place.
Board Chair
Name Mr. Lydia Miller
Company Affiliation 828 Communitcations
Term Sept 2013 to Aug 2014
Email lydia22@hotmail.com
Board of Directors
List Current as of Aug 31, 2014
Board of Directors List
NameAffiliationStatus
Ms. Dawn Byram First Med Urgent Care
Ms. Louise Cleary Hale & CompanyVoting
Mrs. Katie Collins Chesapeake Energy CorporationVoting
Mr. Abe Cornish Merrill LynchVoting
Mr. Jesse Cowan SNB Bank
Mr. Tom Davies Spirit BankVoting
Mr. Tim Deimund MidFirst BankVoting
Ms. Michelle Gumaer City of EdmondExofficio
Mr. Larry Harmon ONGVoting
Senator Clark Jolley Utah SenateVoting
Mr. Darin Kent Regent Bank
Mr. Terry Kerr Kerr III Design GroupVoting
Ms. Vanessa Kress Oklahoma Business Forms
Ms. Susan Kropp Chirps & CheersVoting
Mr. Gary Lennon Francis Tuttle Technical InstituteVoting
Mrs. Lydia Miller Oklahoma Dental AssociationVoting
Ms. Ashley Perkins Cix BusinessVoting
Mrs. John Steen Kirkpatrick BankVoting
Miss Summer Stolz high school studentVoting
Mrs. Jamie Underwood Edmond Public SchoolsVoting
Mrs. Kim Wallace Community VolunteerVoting
Mr. C.H. Wyatt Citizens Bank
Board Demographics - Ethnicity
African American/Black 1
Caucasian 20
Native American/American Indian 1
Board Demographics - Gender
Male 8
Female 12
Governance
Board Term Lengths 3 years
Percentage of Board Making Monetary Contributions to the Organization 100 %
Percentage of Board Making In-Kind Contributions to the Organization 100 %
Board Orientation Yes
Constituency Includes Client Representation No
Written Board Selection Criteria? Yes
Standing Committees
Advisory Board / Advisory Council
Board Development / Board Orientation
Executive
Finance
Marketing
Membership
Program / Program Planning
Special Events (Golf Tournament, Walk / Run, Silent Auction, Dinner / Gala)
Youth
Advisory Board
Advisory Board Members
NameAffiliation
Nancy Effron artist
Jennifer Hibbard Edmond Life & Leisure
Krista Jones dentist
Ken Rees retired
Randel Shadid Shadid Law
Youth Board
Youth Board Members
NameAffiliation
Raney Aboud student
J.D. Baker student
Allyson Cain student
Molly Feigel student
Reagan Folks student
Maggie Free student
Carrie Funderburk student
Christina Hagemeier student
Allana Hughes student
Andrew Price student
Summer Stolz student
Sarah Vaughan student
Comments on Board & Governance
CEO/Executive Director/Board Comments The Fine Arts Institute of Edmond is fortunate to have a full board of professional and volunteer leaders in our community.  We have waiting list of people who have approached us to be on the board, however, we are selective in who can join.  Ours is a working board and a love of the arts, along with other leadership qualities, is a must.
Current Fiscal Year
Fiscal Year Sept 01, 2013-Aug 31, 2014
Current Year Budgeted Total Income $505,063
Current Year Budgeted Total Expenses $505,031
Financial Documents
IRS Letter of Determination
Prior Three Years' Financial History
Revenue SourcesHelpThe financial analysis involves a comparison of the IRS Form 990 and the audit report (when available) and revenue sources may not sum to total based on reconciliation differences. Revenue from foundations and corporations may include individual contributions when not itemized separately.
Fiscal Year201320122011
Foundation and
Corporation Contributions
------
Government Contributions$17,833$17,150$16,583
Federal------
State------
Local------
Unspecified$17,833$17,150$16,583
Individual Contributions$23,798$15,708$14,025
------
$391,141$323,972$278,962
Investment Income, Net of Losses$7,398$6,809$6,483
Membership Dues------
Special Events$96,768$101,648$79,990
Revenue In-Kind------
Other$25,557$5,053$13,584
Expense Allocation
Fiscal Year201320122011
Program Expense$455,827$362,623$345,904
Administration Expense$115,366$94,437$88,163
Fundraising Expense$22,954$13,947$10,368
Payments to Affiliates------
Total Revenue/Total Expenses0.951.000.92
Program Expense/Total Expenses77%77%78%
Fundraising Expense/Contributed Revenue17%10%9%
Assets and Liabilities
Fiscal Year201320122011
Total Assets$1,152,024$1,206,446$1,204,715
Current Assets$119,513$127,930$92,375
Long-Term Liabilities--$9,888$17,185
Current Liabilities$22,960$35,842$26,147
Total Net Assets$1,129,064$1,160,716$1,161,383
Solvency
Short Term Solvency
Fiscal Year201320122011
Current Ratio: Current Assets/Current Liabilities5.213.573.53
Long Term Solvency
Fiscal Year201320122011
Long-Term Liabilities/Total Assets0%1%1%
Funding Sources
Top Funding Sources
Fiscal Year201320122011
Top Funding Source & Dollar AmountEarned Revenue $391,141Earned Revenue $323,972Earned Revenue $278,962
Second Highest Funding Source & Dollar AmountSpecial Events $96,768Special Events $101,648Special Events $79,990
Third Highest Funding Source & Dollar AmountOther $25,557Govt - Unspecified $17,150Govt - Unspecified $16,583
Capital Campaign
Currently in a Capital Campaign? No
Comments on Financials
CEO/Executive Director/Board Comments Our board of directors and staff are good stewards of Fine Arts Institute funds.  Our 10 year old building is paid for as is the property to the west that we purchased 6 years ago.  We have a three month reserve and will begin a surplus account this year.  Financials are reviewed monthly by a bookkeeper, the executive director and the board treasurer before presentation to the board of directors each month.
Foundation Staff Comments
All financial information is from audited financial statements. 
(Revenue & expense detail is from IRS Form 990s.)
Address PO Box 311
Edmond, OK 730830311
Primary Phone 405 340 4481
Contact Email info@edmondfinearts.com
Give with Credit Card http://www.edmondfinearts.com
Give to Endowment http://occf.org/fai/
CEO/Executive Director Shannon Price
Board Chair Mr. Lydia Miller
Board Chair Company Affiliation 828 Communitcations