Dallas Summer Musicals Inc Dtd 121862
- Assets
- $10.4m
- Revenue
- $15.2m
- Investments
- $0.0
- Employees
- 187
- Location
- Dallas, TX
- Founding
- 04/1964
- Data as of
- 10/2020
- EIN
- 75-1104793
Organization Overview
Dallas Summer Musicals Inc Dtd 121862 is located in Dallas, TX. The organization was established in 1964. According to its NTEE Classification (A61) the organization is classified as: Performing Arts Centers, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 10/2020, Dallas Summer Musicals Inc Dtd 121862 employed 187 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dallas Summer Musicals Inc Dtd 121862 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 10/2020, Dallas Summer Musicals Inc Dtd 121862 generated $15.2m 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 (7.8%) each year. All expenses for the organization totaled $14.5m during the year ending 10/2020. As we would expect to see with falling revenues, expenses have declined by (7.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO EDUCATE THE PUBLIC IN MUSIC APPRECIATION AND FINE ARTS, INCLUDING THE PRESENTATION OF MUSICAL THEATER AND OTHER SHOWS WITH EDUCATIONAL VALUE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DALLAS SUMMER MUSICALS (DSM) IS THE PREEMINENT NON-PROFIT PRESENTER OF BROADWAY THEATER IN NORTH TEXAS. DSM PRODUCES, PRESENTS AND PROMOTES EXCELLENCE IN LIVE MUSICAL THEATRE WITH YEAR-ROUND PERFORMANCES FOR DIVERSE AUDIENCES OF ALL AGES. THESE SHOWS IMPACT THE LIVES OF CHILDREN AND FAMILIES THROUGH COMMUNITY OUTREACH AND EDUCATION IN MUSIC APPRECIATION AND FINE ARTS. DSM ENRICHES THE CULTURAL LANDSCAPE OF DALLAS/FORT WORTH, NORTH TEXAS AND THE SOUTHWEST REGION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Novice President | Officer | 20 | $166,487 |
Michael Richman VP Of Marketing And Patron Exp | Officer | 34 | $158,621 |
Vicky Brown Senior VP Of Finance | Officer | 35 | $129,743 |
James Jenner Director Of Development | 40 | $107,774 | |
Benjamin Luczak Development Director | 40 | $103,514 | |
Joseph Yoshitomi Senior VP And General Manager | Officer | 16 | $80,684 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ozz Management Music Entertainment Labor | 10/30/19 | $569,475 |
Iapp Inc Entertainment Labor | 10/30/19 | $2,072,501 |
Dl Entertainment Services Inc Security | 10/30/19 | $312,638 |
Ace Parking Management Inc Parking | 10/30/19 | $297,427 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,309,105 |
| Investment income | $125,507 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $58,552 |
| Net Income from Fundraising Events | -$289,787 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,176,693 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $45,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $570,155 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,548,414 |
| Pension plan accruals and contributions | $23,400 |
| Other employee benefits | $227,274 |
| Payroll taxes | $150,697 |
| Fees for services: Management | $238,882 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $35,520 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $612,107 |
| Advertising and promotion | $1,017,874 |
| Office expenses | $479,339 |
| Information technology | $158,636 |
| Royalties | $0 |
| Occupancy | $1,026,338 |
| Travel | $49,316 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,009 |
| Interest | $3,173 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $41,636 |
| Insurance | $188,980 |
| All other expenses | $0 |
| Total functional expenses | $14,492,679 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $144,427 |
| Savings and temporary cash investments | $7,241,193 |
| Pledges and grants receivable | $688,705 |
| Accounts receivable, net | $389,548 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $138,906 |
| Investments—publicly traded securities | $654,883 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,023,796 |
| Total assets | $10,391,803 |
| Accounts payable and accrued expenses | $366,319 |
| Grants payable | $0 |
| Deferred revenue | $2,001,826 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,061,480 |
| Total liabilities | $4,429,625 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $5,962,178 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Dallas Summer Musicals Inc Dtd 121862 has recieved totaling $264,643.
| Awarding Organization | Amount |
|---|---|
Addy Foundation Dallas, TX PURPOSE: CULTURE ARTS EDUCATION | $100,000 |
Communities Foundation Of Texas Dallas, TX PURPOSE: THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT. | $59,165 |
Eugene Mcdermott Foundation Dallas, TX PURPOSE: FOR DISD STUDENT ENGAGEMENT | $50,000 |
Dallas Southwest Osteopathic Physicians Inc Dallas, TX PURPOSE: TO PROVIDE SUPPORT FOR OPERATIONS | $20,000 |
Taca Inc Dallas, TX PURPOSE: ARTS | $13,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $11,978 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Performing Arts Fort Worth Inc Fort Worth, TX | $130,618,856 | $15,938,262 |
Dallas Summer Musicals Inc Dtd 121862 Dallas, TX | $10,391,803 | $15,176,693 |
Greater Austin Performing Arts Center Austin, TX | $60,832,333 | $4,600,967 |
Oklahoma Contemporary Arts Center Inc Oklahoma City, OK | $30,073,274 | $4,620,457 |
Stages Houston, TX | $35,203,862 | $5,949,704 |
Lubbock Entertainment And Performing Arts Association Lubbock, TX | $190,146,565 | $3,966,271 |
Tulsa Performing Arts Center Trust Tulsa, OK | $9,008,592 | $6,495,113 |
Contemporary Arts Center New Orleans, LA | $8,950,916 | $2,836,743 |
Preservation Hall Foundation Inc New Orleans, LA | $2,657,700 | $2,671,447 |
El Dorado Festivals & Events Inc El Dorado, AR | $56,070,172 | $5,007,919 |
Georgetown Palace Theatre Inc Georgetown, TX | $7,443,591 | $5,634,871 |
Sammons Center For The Arts Dallas, TX | $1,480,385 | $820,044 |