Haddock Center
- Assets
- $4.3m
- Revenue
- $150.0k
- Investments
- $1.6m
- Employees
- 0
- Location
- Fort Worth, TX
- Founding
- 09/2005
- Data as of
- 12/2021
- EIN
- 20-3309204
Organization Overview
Haddock Center is located in Fort Worth, TX. The organization was established in 2005. According to its NTEE Classification (A51) the organization is classified as: Art Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Haddock Center is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Haddock Center generated $150.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $516.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
GERALD HADDOCK WILL DONATE HIS COLLECTION OF STANHOPE F ORBES PAINTINGS CREATE STUDY CENTER KEEPING THE COLLECTION INTACT INCREASING AWARENESS & APPRECIATION
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diane Haddock Vpsecdirector | 0.5 | $50,000 | |
Russell Haddock Director | 0.5 | $0 | |
Emily Haddock Director | 0.5 | $0 | |
Ronald C Lee Director | 0.5 | $0 | |
Gerald W Haddock President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $20,557 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $23,005 |
| Capital Gain Net Income | $23,005 |
| Net ST Capital Gain | $65,459 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6,443 |
| Total Revenue | $150,005 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $50,000 |
| Other employee salaries and wages | $2,988 |
| Pension plans, employee benefits | $0 |
| Interest | $4,833 |
| Taxes | $8,623 |
| Depreciation | $0 |
| Occupancy | $110,342 |
| Travel, conferences, and meetings | $15 |
| Printing and publications | $1,350 |
| Other expenses | $12,825 |
| Total operating and administrative expenses | $516,876 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $516,876 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,260 |
| Savings and temporary cash investments | $777,946 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $25,271 |
| Other assets | $1,868,460 |
| Total assets | $4,287,797 |
| Accounts payable and accrued expenses | $29,833 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $100,000 |
| Other liabilities | $0 |
| Total liabilities | $129,833 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Haddock Center has recieved totaling $250,000.
| Awarding Organization | Amount |
|---|---|
Haddock Foundation Fort Worth, TX PURPOSE: FACILITATE THE CENTERS CHARITABLE PURPOSES | $150,000 |
Haddock Foundation Fort Worth, TX PURPOSE: FACILITATE THE CENTERS CHARITABLE PURPOSES | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Crystal Bridges Museum Of American Art Inc Bentonville, AR | $1,732,386,844 | $177,931,616 |
Dallas Museum Of Art Dallas, TX | $327,815,938 | $26,890,508 |
Menil Foundation Inc Houston, TX | $910,076,505 | $43,342,663 |
Amon Carter Museum Of Western Art Fort Worth, TX | $91,879,509 | $15,302,046 |
New Orleans Museum Of Art New Orleans, LA | $108,237,578 | $12,278,324 |
San Antonio Museum Of Art San Antonio, TX | $94,200,252 | $14,610,399 |
Nasher Sculpture Center Dallas, TX | $5,120,886 | $11,192,016 |
Mcnay Art Museum San Antonio, TX | $88,824,083 | $12,922,550 |
Philbrook Museum Of Art Inc Tulsa, OK | $69,878,004 | $10,854,241 |
Georgia Okeeffe Museum Santa Fe, NM | $164,315,725 | $8,795,076 |
Nasher Foundation 101796 Forney, TX | $126,332,669 | $7,023,937 |
Contemporary Austin Museum Inc Austin, TX | $24,172,925 | $7,689,663 |