[2024] OKEQ FY2024 Budget Revision
Title
[2024] OKEQ FY2024 Budget Revision
Subject
Oklahomans for Equality Fiscal Year 2024 Budget Revision from June 6, 2024
Description
1 page of the revised Oklahomans for Equality (OKEQ) budget for the fiscal year of 2024.
Creator
Oklahomans for Equality (OKEQ)
Source
https://okeq.org/bylaws/
Date
June 6, 2024
Text
REVENUE Unrestricted Donor Restricted Total Budget Notes
Grant Revenue 250,000 16,000 266,000
Contributions 250,000 27,600 277,600
Clinic Services 70,000 - 70,000 Clinic services are lower than projected, Initial budget was too much
Store/Vending Sales (net) 10,000 - 10,000
Bar/Concession Sales (net) 20,000 - 20,000
Lynn Riggs/KitchenRental 25,000 - 25,000 Based on current and projections, already received $19,180
Event/Ticket Sales 25,000 - 25,000
EBA/OkEq Membership 10,000 - 10,000 This has been lower this year, only $5500 so far
Gala 350,000 - 350,000 Even more than this is expected
PrideFestival & Bingo 15,000 - 15,000
Pride moved to October-any sponsorship funds that come in will not be recognized
until next FY. Only Bingo is listed in budget.
Art Gallery (net) 500 500
Investment Income - -
TOTAL REVENUE 1,025,500 43,600 1,069,100
-
EXPENDITURES -
Salaries & Wages 350,000 350,000 staff reduction and not hiring ED until new FY
Payroll Taxes and Benefits 50,000 50,000 staff reduction
Contract Services 18,750 10,000 28,750 Regis McDaniel, Wendy Thomas
IT Software/Equipment 30,000 30,000
Accounting & Legal Fees 26,400 26,400
Audt & 990 Fees 6,600 6,600
HR Consultant 9,000 9,000
Storage 5,000 5,000
Insurance-Liability & Cyber 8,000 - 8,000
Insurance-D&O 2,200 - 2,200
Insurance-Workers Comp 2,500 - 2,500
Insurance-Property 12,000 - 12,000
Insurance-Clinic 1,500 - 1,500
Insurance-Van - 3,000 3,000
Utilities/Phone 43,000 43,000 Actual costs have been less than projected
Office expenses 20,000 20,000 Reductions: software, office supplies
Cleaning & supplies 26,000 26,000 Monthly service has been temporarily eliminated, carpet cleaning is included.
Repairs & Maintenance 6,500 23,500 30,000 Lynn Riggs and Kitchen, HVAC maintenance
Business Licenses & Permits 7,500 6,000 13,500 This includes ABLE license application
Memberships and Subscriptions 1,000 1,000
Marketing and Advertising 2,500 2,500
Security (excluding Pride) 20,000 20,000
Clinic Supplies & Lab 15,875 15,875 Clinic activities are less than projected
Other Program Expenses 5,000 5,000
Library Materials 100 1,100 1,200
Event Expenses (excl Pride and Gala) 25,000 25,000
Non-Cap Equipment 3,000 3,000
Vehicle Expenses 1,500 1,500 Fuel, tag, maintenance
Meals & Entertainment 5,000 5,000 Support groups, youth activities
Travel 3,000 3,000 No additional out-of-state travel planned
Transaction Fees (excl Pride and Gala) 16,000 16,000 Increased due to Valentines fundraiser
Bank Fees & Charges 1,625 1,625 Reduced costs
Gala Expenses 125,000 125,000
Althought Sue & Marcy's budget is a bit lower, I am putting a buffer due to increase of
patrons.
Pride Festival Expenses - - Pride moved to FY2024
TOTAL EXPENDITURES* 849,550 43,600 893,150
-
Net Revenue over Expenditures 175,950 - 175,950 *Suggested that funds from Gala are restricted to FY2025
Grant Revenue 250,000 16,000 266,000
Contributions 250,000 27,600 277,600
Clinic Services 70,000 - 70,000 Clinic services are lower than projected, Initial budget was too much
Store/Vending Sales (net) 10,000 - 10,000
Bar/Concession Sales (net) 20,000 - 20,000
Lynn Riggs/KitchenRental 25,000 - 25,000 Based on current and projections, already received $19,180
Event/Ticket Sales 25,000 - 25,000
EBA/OkEq Membership 10,000 - 10,000 This has been lower this year, only $5500 so far
Gala 350,000 - 350,000 Even more than this is expected
PrideFestival & Bingo 15,000 - 15,000
Pride moved to October-any sponsorship funds that come in will not be recognized
until next FY. Only Bingo is listed in budget.
Art Gallery (net) 500 500
Investment Income - -
TOTAL REVENUE 1,025,500 43,600 1,069,100
-
EXPENDITURES -
Salaries & Wages 350,000 350,000 staff reduction and not hiring ED until new FY
Payroll Taxes and Benefits 50,000 50,000 staff reduction
Contract Services 18,750 10,000 28,750 Regis McDaniel, Wendy Thomas
IT Software/Equipment 30,000 30,000
Accounting & Legal Fees 26,400 26,400
Audt & 990 Fees 6,600 6,600
HR Consultant 9,000 9,000
Storage 5,000 5,000
Insurance-Liability & Cyber 8,000 - 8,000
Insurance-D&O 2,200 - 2,200
Insurance-Workers Comp 2,500 - 2,500
Insurance-Property 12,000 - 12,000
Insurance-Clinic 1,500 - 1,500
Insurance-Van - 3,000 3,000
Utilities/Phone 43,000 43,000 Actual costs have been less than projected
Office expenses 20,000 20,000 Reductions: software, office supplies
Cleaning & supplies 26,000 26,000 Monthly service has been temporarily eliminated, carpet cleaning is included.
Repairs & Maintenance 6,500 23,500 30,000 Lynn Riggs and Kitchen, HVAC maintenance
Business Licenses & Permits 7,500 6,000 13,500 This includes ABLE license application
Memberships and Subscriptions 1,000 1,000
Marketing and Advertising 2,500 2,500
Security (excluding Pride) 20,000 20,000
Clinic Supplies & Lab 15,875 15,875 Clinic activities are less than projected
Other Program Expenses 5,000 5,000
Library Materials 100 1,100 1,200
Event Expenses (excl Pride and Gala) 25,000 25,000
Non-Cap Equipment 3,000 3,000
Vehicle Expenses 1,500 1,500 Fuel, tag, maintenance
Meals & Entertainment 5,000 5,000 Support groups, youth activities
Travel 3,000 3,000 No additional out-of-state travel planned
Transaction Fees (excl Pride and Gala) 16,000 16,000 Increased due to Valentines fundraiser
Bank Fees & Charges 1,625 1,625 Reduced costs
Gala Expenses 125,000 125,000
Althought Sue & Marcy's budget is a bit lower, I am putting a buffer due to increase of
patrons.
Pride Festival Expenses - - Pride moved to FY2024
TOTAL EXPENDITURES* 849,550 43,600 893,150
-
Net Revenue over Expenditures 175,950 - 175,950 *Suggested that funds from Gala are restricted to FY2025
Files
Citation
Oklahomans for Equality (OKEQ), “[2024] OKEQ FY2024 Budget Revision,” OKEQ History Project, accessed August 23, 2025, https://history.okeq.org/items/show/1300.