Performing Arts Fort Worth Inc

Organization Overview

Performing Arts Fort Worth Inc is located in Fort Worth, TX. The organization was established in 1993. 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 06/2021, Performing Arts Fort Worth Inc employed 180 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Performing Arts Fort Worth Inc 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 06/2020, Performing Arts Fort Worth Inc generated $15.9m 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 (9.0%) each year. All expenses for the organization totaled $18.7m during the year ending 06/2020. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

TO SERVE AS A PERMANENT HOME TO MAJOR PERFORMING ARTS ORGANIZATIONS OF FORT WORTH AND AS A PREMIER VENUE FOR TOURING ATTRACTIONS AND TO PROMULGATE ARTS EDUCATION. SEE SCH. O, GS 1.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PRODUCTIONS AND PERFORMANCES - SEE SCHEDULE O GENERAL STATEMENT 1.


EDUCATIONAL ACTIVITIES - SEE SCHEDULE O GENERAL STATEMENT 1.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Phantom Touring Llc
Artist Fee
$1,141,920
Jumamosi Tour Lp
Artist Fee
$834,389
Jb Second National Tour Lp
Artist Fee
$541,991
Fiddler Touring Llc
Artist Fee
$485,851
Lms Touring Llc
Artist Fee
$707,400
Phantom Touring Llc
Artist Fee
$1,141,920
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$2,053,738
Investment income $1,330,683
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $357,259
Net Gain/Loss on Asset Sales $827,343
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $85,027
Miscellaneous Revenue$0
Total Revenue $15,938,262

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Performing Arts Fort Worth Inc has recieved totaling $5,000.

Awarding OrganizationAmount
Rosenthal Foundation

Fort Worth, TX

PURPOSE: GENERAL FUNDING

$5,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$69,824,470
Earnings$17,704,071
Net Contributions$127,950
Other Expense$4,522,200
Ending Balance$83,134,291

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