2026-05-14T13:26:10+00:00 2025-06-30 440160260 Forvis Mazars LLP 120 E Palmetto Park Road Suite 403 Boca Raton FL 33432 990 2024-07-01 262205415 THE GILCREASE MUSEUM MANAGEMENT TRUST GILC 9186313244 800 S TUCKER DRIVE TULSA OK 74104 BRAD CARSON TRUSTEE 9186313244 2026-05-14 true April Arnold P01559426 5612991820 2026-05-14 2024 2025-03-06 01:10:19Z THE THOMAS GILCREASE INSTITUTE OF AMERICAN HISTORY AND ART BRAD CARSON 800 S TUCKER DRIVE TULSA OK 74104 9903320 false X WWW.UTULSA.EDU X 2008 OK TO UNDERSTAND THE DIVERSE HERITAGE OF THE AMERICAS. 3 1 64 135 0 10736802 7027186 100825 257332 2694867 2431396 17742 174679 13550236 9890593 0 0 3760534 2390971 0 173755 2701478 3939024 6462012 6329995 7088224 3560598 58471326 62640464 396662 622036 58074664 62018428 X THE GILCREASE MUSEUM, THROUGH ITS COLLECTIONS, IS DEDICATED TO BRINGING ART, HISTORY, AND PEOPLE TOGETHER TO DISCOVER, ENJOY, AND UNDERSTAND THE DIVERSE HERITAGE OF THE AMERICAS. false false 2600097 0 43725 CURATORIAL - MANAGEMENT OF THE MUSEUM'S COLLECTIONS AND EXHIBITS. 237623 0 256171 SPECIAL EXHIBITIONS - GILCREASE MUSEUM OFFERS SPECIAL EXHIBITIONS EACH YEAR FROM A ROBUST ARCHIVE SPECIALIZING IN THE FINE ARTS, ANTHROPOLOGY AND THE AMERICAN WEST. GILCREASE MUSEUM IS CURRENTLY UNDERGOING CONSTRUCTION FROM JULY 2021 TO JULY 2026. 72382 0 131267 PROGRAMS - GILCREASE MUSEUM OFFERS A VARIETY OF PROGRAMMING AND EVENTS TO GROUPS, TOURS, AND PUBLIC FOR THE PURPOSE OF LEARNING ABOUT ART AND HISTORY THROUGH THE EXHIBITIONS AND COLLECTIONS OF THE GILCREASE MUSEUM. GILCREASE MUSEUM IS CURRENTLY UNDERGOING CONSTRUCTION FROM JULY 2021 TO JULY 2026. 249800 0 0 CONSERVATION 0 0 0 PHOTOGRAPHY 0 0 848 PUBLICATIONS 249800 848 3159902 true true false false false false false true false true true true false true true false true true false false false false false false false false false false false true false false false false false false false false false false false false false false false true false false false false true X 0 0 64 true false false false false false true true false false false false false false X 3 1 true false false false false true false true false false false false true true true true true true true false false false OK X MICHAEL D THESENVITZ 9186312583 800 S TUCKER DRIVE TULSA OK 74104 BRAD CARSON TRUSTEE 1.0 40.0 X 0 899365 37104 ERIC SCHICK TRUSTEE 1.0 40.0 X 0 471494 26918 MARCIA MACLEOD TRUSTEE 1.0 1.0 X 0 0 0 0 1370859 64022 0 false true false 0 3812962 3214224 7027186 SALES EDUCATION DEPARTMENT 611710 1161 1161 RESEARCH SERVICES 611710 256171 256171 0 0 0 0 257332 166835 166835 0 0 2259924 4637 2259924 4637 2264561 2264561 26195 12727 13468 13468 OTHER REVENUE 900999 161211 161211 0 0 0 0 161211 9890593 432011 0 2431396 X 1827467 1133030 657888 36549 441685 260594 167840 13251 121819 71873 46291 3655 165152 165152 1378295 901597 445485 31213 18838 18838 1817480 380609 1408610 28261 317723 270215 47508 97075 70301 21502 5272 34864 4789 24109 5966 37931 37931 MEMBERSHIP 55634 16236 8648 30750 16032 12727 3305 0 6329995 3159902 2996338 173755 0 0 14571201 11880164 0 0 0 0 16507 5540 32686 361363 478228 360898 109857 117330 3152 3296 35165261 36740504 0 8572662 13532267 58471326 62640464 392935 621041 0 0 0 3727 995 396662 622036 X 3501418 4494897 54573246 57523531 58074664 62018428 58471326 62640464 X 3560598 -1185587 1568753 X false true true false X 2805019 11734688 14295125 7049218 3214224 39098274 3263593 3236000 3462520 3687584 3812962 17462659 0 6068612 14970688 17757645 10736802 7027186 56560933 12789429 43771504 116753 145649 207382 498020 154108 1121912 0 0 0 0 0 0 0 57682845 3638668 0.75883 0.72145 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X false 37431998 501050 1594850 2539487 165151 36823260 37204780 534488 2312963 2486896 133337 37431998 38259750 635433 107914 1654458 143859 37204780 37852021 1998464 -101448 1367961 121326 38259750 20892940 9282896 9053271 1213202 163884 37852021 0.0017 0.9982 0.0001 false true true 478228 360898 117330 117330 Closely-held equity interests Financial derivatives POOLED INVESTMENT FUNDS 36740504 F 36740504 OTHER ASSETS 156779 ROU ASSETS 995 DUE FROM RELATED PARTY 13374493 13532267 Federal Income Taxes OPERATING LEASE LIABILITY 995 995 10555766 -1185587 467688 1581973 864074 9691692 165152 33749 198901 9890593 6612002 467688 12727 480415 6131587 165152 33256 198408 6329995 Schedule D, Part X, Line 2 MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. Schedule D, Part III, Line 1a Collections of art - financial statement footnote Pursuant to the terms of the Agreement, works of art in the Museum's collection are the property of the City, including works of art acquired during the term of the Agreement, whether by purchase, gift, bequest, or donation directly to the Museum, the City, or the University for the benefit of the Museum. If the University acquires artwork for the benefit of the Museum, it must transfer its title and interest in the artwork to the City. As such, collection items are not recognized as assets on the accompanying statements of financial position. Purchases of collection items are recorded as decreases in net assets without donor restrictions in the year in which the items are acquired or in net assets with donor restrictions if the assets used to purchase the items are restricted by donors. Contributed collection items are not reflected on the accompanying financial statements. Nothing in the Agreement prevents the University from soliciting, purchasing, or receiving donations of works of art for the University's own collections. Schedule D, Part III, Line 4 Collections of art - description of collections GILCREASE MUSEUM HOUSES A COMPREHENSIVE COLLECTION OF ART, CULTURE, AND HISTORY OF NORTH AMERICA. WITH MORE THAN 350,000 ITEMS INCLUDED IN THEIR COLLECTION, THE MUSEUM TELLS THE STORY OF OVER 350 YEARS OF AMERICAN PAINTINGS, SCULPTURES AND WORKS ON PAPER, INCLUDING THE LARGEST PUBLIC HOLDINGS OF ART FROM THE AMERICAN WEST. GILCREASE MUSEUM IS DEDICATED TO BRINGING ART, HISTORY, AND PEOPLE TOGETHER TO RESEARCH, DISCOVER, ENJOY, AND UNDERSTAND THE DIVERSE HERITAGE OF THE AMERICAS. Schedule D, Part V, Line 4 Intended uses of endowment funds THE ENDOWMENT FUNDS ARE PRIMARILY USED FOR THE OPERATIONS OF THE MUSEUM. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 Cost of Goods Sold - 12727 Endowment Distributions of Realized Gains - 1569246 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements ITEMS PURCHASED NOT CAPITALIZED - 33256 TRANSFERS FROM UNIVERSITY - 493 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 COST OF GOODS SOLD - 12727 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements ITEMS PURCHASED NOT CAPITALIZED - 33256 false false false false false false false false false BRAD CARSON TRUSTEE 0 698333 0 200000 0 1032 0 17250 0 19854 0 936469 0 0 ERIC SCHICK TRUSTEE 0 420462 0 50000 0 1032 0 7000 0 19918 0 498412 0 0 Schedule J, Part I, Line 3 RELATED COMPENSATION BRAD CARSON & ERIC SCHICK WERE COMPENSATED BY THE UNIVERSITY OF TULSA (TU), A RELATED ORGANIZATION. THE COMPENSATION COMMITTEE OF THE BOARD REVIEWS ALL MULTI-YEAR CONTRACTS OF EMPLOYMENT AND ANY EMPLOYMENT OFFER FOR THE PRESIDENT. THE COMMITTEE COMPARES TO THE SALARY SURVEY PROVIDED BY INDEPENDENT OUTSIDE CONSULTANTS. THIS PROCESS IS CONDUCTED ANNUALLY. Form 990, Part III, Line 4d Description of other program services (Expenses $ 249,800 including grants of $ 0)(Revenue $ 0) CONSERVATION Form 990, Part III, Line 4d Description of other program services (Expenses $ 0 including grants of $ 0)(Revenue $ 0) PHOTOGRAPHY Form 990, Part III, Line 4d Description of other program services (Expenses $ 0 including grants of $ 0)(Revenue $ 848) PUBLICATIONS Form 990, Part V, Line 2a RELATED COMPENSATION ALL SALARY EXPENSE REPORTED ON THIS RETURN WAS PAID BY THE UNIVERSITY OF TULSA (TU), WHICH WROTE THEIR PAYROLL CHECKS AND ISSUED THE EMPLOYEES' FORMS W-2. THEY ARE INCLUDED IN THE TU FORM W-3 REPORTING. Form 990, Part VI, Line 2 BUSINESS RELATIONSHIPS ALL TRUSTEES OF THE ORGANIZATION HAVE AN EMPLOYEE/EMPLOYER RELATIONSHIP AT THE UNIVERSITY OF TULSA. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body THE GRANTOR OF THE TRUST, THE UNIVERSITY OF TULSA, HAS THE POWER TO APPOINT TRUSTEES. Form 990, Part VI, Line 8b Documentation of meetings held by committees of governing body THERE ARE NO SUCH COMMITTEES. Form 990, Part VI, Line 11b Review of form 990 by governing body THE DIRECTOR OF FINANCIAL ACCOUNTING AND REPORTING GATHERS THE FORM 990 INFORMATION AND PROVIDES IT TO AN INDEPENDENT CPA FIRM TO PREPARE AND REVIEW THE FORM 990. A DRAFT OF THE FORM 990 IS PROVIDED TO MANAGEMENT FOR REVIEW. ANY QUESTIONS OR CONCERNS ARE ADDRESSED. THE FORM 990 IS THEN PROVIDED TO THE UNIVERSITY OF TULSA BOARD OF TRUSTEES TO REVIEW PRIOR TO FILING. Form 990, Part VI, Line 12c Conflict of interest policy GILCREASE MUSEUM MANAGEMENT TRUST IS GOVERNED BY THE POLICIES AND PROCEDURES OF THE UNIVERSITY OF TULSA AND ITS BOARD OF TRUSTEES. EACH TRUSTEE FORMALLY DISCLOSED TO THE PRESIDENT ANY INTEREST SUCH TRUSTEE HOLDS THAT MAY GIVE RISE TO AN ACTUAL, APPARENT OR APPEARANCE OF CONFLICT OF INTEREST IN A TRANSACTION AFFECTING THE UNIVERSITY. Form 990, Part VI, Line 15a Process to establish compensation of top management official GILCREASE MUSEUM MANAGEMENT TRUST IS MANAGED BY THE UNIVERSITY OF TULSA (TU). THE COMPENSATION COMMITTEE OF TU REVIEWS ALL MULTI-YEAR CONTRACTS OF EMPLOYMENT AND ANY EMPLOYMENT OFFER FOR THE PRESIDENT. THE COMMITTEE COMPARES TO THE SALARY SURVEY PROVIDED BY INDEPENDENT OUTSIDE CONSULTANTS. THIS PROCESS IS CONDUCTED ANNUALLY. Form 990, Part VI, Line 19 Required documents available to the public GILCREASE MUSEUM MANAGEMENT TRUST IS MANAGED BY THE UNIVERSITY OF TULSA AND OPERATES UNDER THE UNIVERSITY'S POLICIES AND PROCEDURES. THE UNIVERSITY OF TULSA PROVIDES THE FINANCIAL STATEMENTS ON THE UNIVERSITY'S WEBSITE AND UPON REQUEST. THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT MADE AVAILABLE TO THE PUBLIC. Form 990, Part IX, Line 11g Other Fees RESEARCH - Total Expense: 43668, Program Service Expense: 43668, Management and General Expenses: , Fundraising Expenses: ; ACADEMIC SUPPORT - Total Expense: 1334627, Program Service Expense: 857929, Management and General Expenses: 445485, Fundraising Expenses: 31213; Form 990, Part XI, Line 9 Other changes in net assets or fund balances ENDOWMENT DISTRIBUTIONS OF REALIZED GAINS - 1569246; TRANSFERS TO UNIVERSITY - -493; Total - 1568753; THE UNIVERSITY OF TULSA 800 S TUCKER DRIVE TULSA OK 74104 730579298 UNIVERSITY OK 501(c)(3) 2 NA false FAB LAB TULSA INC 501 S LEWIS AVE TULSA OK 74104 300638130 EDUCATION OK 501(c)(3) 7 UNIV TULSA true FLT HOLDING INC 501 S LEWIS AVE TULSA OK 74101 862057310 NEW MARKET TAX CREDIT OK 501(c)(3) Type I FAB LAB true false false false false false false false false false false false true true true true false false false false