2025-11-10T21:48:08-05:00 2022-12-31 990EZ 2022-01-01 272922567 OKC Improv Foundation OKCI 4054569858 PO Box 57404 Oklahoma City OK 73157 Almond Eastland Treasurer 4052277612 2025-11-11 2022 2025-03-06 01:10:19Z X okcimprov.com X X 194016 X 10739 177022 0 0 5621 4303 1318 634 189713 84699 60755 872 41737 188063 1650 53097 88684 143431 X 120816 143431 120816 143431 67719 0 53097 143431 OKC IMPROV TEACHES AND PERFORMS IMPROVISATIONAL COMEDY IN THE OKC METRO FOSTERING CREATIVITY, CONFIDENCE, AND COMMUNICATION. WE PROVIDE A SUPPORTIVE ENVIRONMENT FOR ALL TO EXPRESS THEMSELVES AND OFFER A DYNAMIC THEATER EXPERIENCE FOR BOTH AUDIENCE MEMBERS AND PERFORMERS. TEACHING AND PERFORMING IMPROVISATIONAL ACTING 173278 173278 Kendon Lacy Executive Director 40 11250 0 0 Sue Ellen Reiman Managing Director 30 7575 0 0 Dallas Dixon President 6 0 0 0 Rachael Niederhauser Secretary 4 0 0 0 Tanya Ball Treasurer 4 0 0 0 Robert E Mann Member 1 0 0 0 Katie Carter Member 1 0 0 0 false true false false false false false false false OK Kendon Lacy PO Box 57404 Oklahoma City OK 73157 4054569858 false false false false false false false false false false false NONE NONE true X 8357 10364 5399 110513 10739 145372 90169 127906 53044 4826 177022 452967 5621 5621 98526 138270 58443 115339 193382 603960 603960 634 634 3997 3997 98526 138270 58443 119336 194016 608591 0.9924 0.9665 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED Part I Line 8 Sales of branded merchandise - 634 Part I Line 16 SALES TAXES - 15789 Part I Line 16 INSURANCE - 6770 Part I Line 16 SUPPLIES - 6566 Part I Line 16 DUES & SUBSCRIPTIONS - 4196 Part I Line 16 INFORMATION TECHNOLOGY - 2637 Part I Line 16 TRAVEL - 2384 Part I Line 16 LICENSES & PERMITS - 1847 Part I Line 16 OTHER - 1548 Part I Line 20 PRIOR PERIOD ADJUSTMENT - 88684 Part II Line 26 ACCOUNTS PAYABLE - Beginning Of Year Amount: 67719 End Of Year Amount:0 Part V Line 34 OKC IMPROV FOUNDATION'S (OKCI) BYLAWS WERE UPDATED IN 2022 TO INCLUDE THE FOLLOWING CHANGES: 1) THE MISSION WAS UPDATED TO READ: OKC IMPROV FOUNDATION CONNECTS PEOPLE THROUGH LAUGHTER WITH IMPROVISATIONAL THEATER BY OFERING PERFORMANCES, EDUCATION, AND OUTREACH TO HELP CULTIVATE A THRIVING COMEDY AND THEATER SCENE IN OKLAHOMA. WE BELIEVE IN LISTENING TO EACH OTHER, COLLABORATING WITH ARTISTS OF ALL BACKGROUNDS AND ABILITIES, AND TELLING INCLUSIVE STORIES. 2) THE BOARD SIZE WAS UPDATED FROM 4-8 MEMBERS TO 3-9 MEMBERS. 3) THE TITLE OF THE PRESIDING OFFICER WAS CHANGED FROM CHAIR TO PRESIDENT, AND DUTIES WERE UPDATED TO INCLUDE SERVING AS THE OKCI'S CEO AND IMPLEMENTING OKCI'S MISSION. 4) THE SECOND OFFICER'S TITLE WAS UPDATED FROM VICE-CHAIR TO VICE-PRESIDENT. 5) THE TREASURER'S RESPONSIBILITIES WERE UPDATED TO INCLUDE PREPARING A FINANCIAL REPORT FOR EACH ANNUAL AND QUARTERLY MEETING, AND SERVING AS STEWARD FOR ALL OKCI FUNDS. 6) THE FISCAL YEAR WAS CHANGED FROM A CALENDAR YEAR TO JULY 1-JUNE 30. OKC Improv Foundation (?OKC Improv?) respectfully requests that the late filing penalty under section 6652(c)(1)(A) of the Internal Revenue Code for the failure to timely file Form 990 not be assessed against OKC Improv as such failure was due to reasonable cause and not due to willful neglect, as described in Treasury Regulation Section 301.6651-1(c). That regulation provides that a failure to file is due to reasonable cause if the filer exercised ordinary business care and prudence and was nevertheless unable to file the return within the prescribed time. OKC Improv?s part-time Managing Director had historically filed timely paper Forms 990-EZ. However, the Managing Director did not have the technical expertise required to comply with e-filing requirements, so filing responsibility was transitioned to the volunteer Treasurer. Forms 990-EZ continued to be filed timely until the Treasurer who was in place during 2022 resigned in early February 2023. Another Treasurer joined the Board in April 2023 but was unable to devote the requisite time to this volunteer role and resigned a year later. A replacement Treasurer would not be found for another year, and an accounting firm was engaged to file the 2023 Form 990. While preparing the 2024 Form 990, the current Treasurer reviewed OKC Improv?s online filings and noted that the 2022 Form 990 appeared to be missing. According to the Board minutes, the previous volunteer Treasurer was to file by November 15, 2023. OKC Improv was not able to obtain confirmation or any additional information regarding the 2022 Form 990 from the previous Treasurer. OKC Improv is rectifying the delinquent 2022 Form 990 filing. It is important to note that OKC Improv has never been assessed any penalties for late filed or missing Form 990?s. In addition, OKC Improv has implemented the following specific procedures to ensure that future Form 990?s will be timely prepared and filed: ? OKC Improv hired a full-time Executive Director in late 2024 who will be creating automatic calendar alerts for filing deadlines well in advance of the IRS due date. ? The Treasurer will continue to be responsible for coordinating the annual Form 990 preparation and filing. However, given the risks associated with turnover in this volunteer position, the President and Executive Director will request confirmation that the return has been filed at the Board meeting preceding the filing deadline. Based upon the facts set forth above and Reg. 301.6651-1(c), we respectfully request the IRS not assess a penalty for the failure to timely file the Form 990. The filing failures were the result of reasonable cause and not willful neglect.