Dallas Center For The Performing Arts Foundation Inc
- Assets
- $209.8m
- Revenue
- $22.0m
- Investments
- $0.0
- Employees
- 117
- Location
- Dallas, TX
- Founding
- 09/2000
- Data as of
- 07/2020
- EIN
- 75-2890923
Organization Overview
Dallas Center For The Performing Arts Foundation Inc, operating under the name At&t Performing Arts Center, is located in Dallas, TX. The organization was established in 2000. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 07/2021, At&t Performing Arts Center employed 117 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. At&t Performing Arts 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 07/2020, At&t Performing Arts Center generated $22.0m 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 (7.1%) each year. All expenses for the organization totaled $26.3m during the year ending 07/2020. As we would expect to see with falling revenues, expenses have declined by (7.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, At&t Performing Arts Center has awarded 42 individual grants totaling $2,029,233. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE CENTER'S MISSION IS TO PROVIDE A PUBLIC GATHERING PLACE THAT STRENGTHENS COMMUNITY AND FOSTERS CREATIVITY THROUGH THE PRESENTATION OF PERFORMING ARTS AND ARTS EDUCATION PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NONPROFIT AT&T PERFORMING ARTS CENTER AND ITS ICONIC VENUES SIT ON A 10-ACRE CAMPUS IN THE HEART OF THE DALLAS ARTS DISTRICT. IT IS A CULTURAL INCUBATOR FEATURING THE FINEST IN PERFORMING ARTS AND ARTS EDUCATION PROGRAMS. THE CENTER PRESENTS BROADWAY, THE WORLD'S BEST DANCE COMPANIES, SPEAKERS, CONCERTS, AND THROUGH ITS ELEVATOR PROJECT, THE BEST OF THE CITY'S NEW, EMERGING AND DIVERSE ARTS ORGANIZATIONS. THE CENTER PROVIDES STAGES AND SUPPORT FOR ITS FIVE ESTEEMED RESIDENT COMPANIES INCLUDING OPERA, THEATRE AND DANCE. WE OPEN OUR ARMS TO ALL. (CONTINUES ON SCHEDULE O)NORMALLY, THE CENTER WELCOMES 350,000-400,000 ANNUAL VISITS A YEAR. BUT DURING THE COVID SHUTDOWN, THE CENTER QUICKLY TRANSFORMED ITSELF TO SUPPORT EDUCATION, COMMUNITY, AND OUR FELLOW ARTS ORGANIZATIONS. THE CENTER TURNED ITS AWARD-WINNING EDUCATION PROGRAMS INTO FREE VIRTUAL CLASSES, AND EXPANDED OUR PARTNER BASE FROM TWO SCHOOL DISTRICTS TO FIFTEEN, REACHING THOUSANDS MORE STUDENTS. DURING THE NATIONAL PANDEMIC, THE CENTER CONTINUED ITS CULTURAL ENGAGEMENT PROGRAM ARTSBRIDGE POWERED BY TOYOTA WHICH SERVES HISTORICALLY UNDER-RESOURCED COMMUNITIES. WE CREATED VIRTUAL PROGRAMMING THAT EDUCATED AND ENTERTAINED THESE RESIDENTS DURING SHUTDOWN. AS WE TURN THE CORNER, THE CENTER IS PRUDENTLY AND SAFELY REOPENING ITS OUTDOOR STAGE FOR SOCIALLY-DISTANCED AUDIENCES EVEN MAKING IT AVAILABLE RENT-FREE TO OTHER NON-FOR-PROFIT ARTS ORGANIZATIONS WHOSE NORMAL PERFORMANCE SPACES WERE CLOSED.AS A COLLABORATIVE LEADER IN THE DALLAS ARTS COMMUNITY, THE CENTER CONTINUED SUPPORTING DALLAS ARTS ORGANIZATIONS THAT HAVE LIMITED FINANCIAL RESOURCES WITH FREE MARKETING, LOW COST TICKETING SERVICES, ARTIST RUSH TICKETS. THE CENTER ALSO MANAGES THE MOODY FUND FOR THE ARTS ENDOWMENT, APPLICATION AND AWARD PROCESS, WHICH MAKES FLEXIBLE GRANTS TO DESERVING SMALL DALLAS ARTS ORGANIZATIONS. THE CENTER'S MISSION IS TO BE A CULTURAL GATHERING PLACE THAT STRENGTHENS COMMUNITY AND FOSTERS CREATIVITY THROUGH THE PERFORMING ARTS AND ARTS EDUCATION PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah L Storey President & CEO | Officer | 40 | $251,621 |
Kathie F Parsons Chief Financial Officer (thru 01/21) | Officer | 40 | $209,772 |
Christopher Heinbaugh Vice President Of External Affairs | 40 | $143,215 | |
Kendall D Purpura Vice President Of Development | 40 | $133,036 | |
Adam Hourigan Director Of Information Technology | 40 | $132,433 | |
Michelle E Holmes Vice President Of Marketing | 40 | $126,026 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tcp Touring Llc Live Event Production | 7/30/21 | $297,121 |
Entrust One Facility Services Inc Janitorial Services | 7/30/21 | $247,858 |
The Band's Visit National Tour Llc Live Event Production | 7/30/21 | $367,194 |
Chicago Flyhouse Inc Rigging Design & Fabication | 7/30/21 | $287,390 |
D&l Entertainment Services Inc Security Services | 7/30/21 | $391,641 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,694,949 |
| Investment income | $84,258 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $62,758 |
| Net Income from Fundraising Events | $7,591 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,963,048 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $810,730 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,842,970 |
| Pension plan accruals and contributions | $130,715 |
| Other employee benefits | $504,360 |
| Payroll taxes | $387,143 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $104,926 |
| Fees for services: Accounting | $70,242 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $67,213 |
| Fees for services: Other | $5,268,736 |
| Advertising and promotion | $862,341 |
| Office expenses | $323,810 |
| Information technology | $318,052 |
| Royalties | $0 |
| Occupancy | $1,428,508 |
| Travel | $46,179 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,013 |
| Interest | $1,305,451 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $501,538 |
| Insurance | $127,399 |
| All other expenses | $0 |
| Total functional expenses | $26,275,047 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,500,390 |
| Savings and temporary cash investments | $1,704,288 |
| Pledges and grants receivable | $3,589,404 |
| Accounts receivable, net | $694,958 |
| 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 | $549,408 |
| Investments—publicly traded securities | $3,614,417 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $191,986,560 |
| Other assets | $0 |
| Total assets | $209,822,251 |
| Accounts payable and accrued expenses | $2,986,884 |
| Grants payable | $0 |
| Deferred revenue | $13,282,750 |
| Tax-exempt bond liabilities | $26,265,742 |
| Escrow or custodial account liability | $870,974 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $32,800,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $76,206,350 |
| 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 | $133,615,901 |
Grants Awarded
Over the last fiscal year, Dallas Center For The Performing Arts Foundation Inc has awarded $203,667 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Dallas, TX PURPOSE: OPERATIONS SUPPORT | $86,834 |
Dallas, TX PURPOSE: OPERATIONS SUPPORT | $86,833 |
Fort Worth, TX PURPOSE: OPERATIONS SUPPORT | $20,000 |
Dallas, TX PURPOSE: OPERATIONS SUPPORT | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Dallas Center For The Performing Arts Foundation Inc has recieved totaling $567,337.
| Awarding Organization | Amount |
|---|---|
David M Crowley Foundation Dallas, TX PURPOSE: Reliant Holiday Lights 2021 | $175,000 |
Communities Foundation Of Texas Dallas, TX PURPOSE: THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT. | $156,532 |
Dallas Foundation A Tx Nonprofit Corporation Dallas, TX PURPOSE: GENERAL SUPPORT | $112,500 |
Howard Hallam Family Foundation Dallas, TX PURPOSE: PAYMENT OF CORPORATE PLEDGE | $50,000 |
Harry Bass Foundation Dallas, TX PURPOSE: PROGRAM | $30,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $10,774 |
Endowment Analysis
| Beg. Balance | $3,675,184 |
| Earnings | $744,377 |
| Other Expense | $156,269 |
| Ending Balance | $4,263,292 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jasper Ridge Charitable Fund Fort Worth, TX | $1,059,804,391 | $51,342,189 |
Communities Foundation Of Oklahoma Inc Oklahoma City, OK | $155,793,943 | $76,729,791 |
W W Caruth Jr Foundation Dallas, TX | $444,705,321 | $32,925,098 |
Dallas Center For The Performing Arts Foundation Inc Dallas, TX | $209,822,251 | $21,963,048 |
Houston Parks Board Houston, TX | $62,239,000 | $18,357,527 |
Fossil Foundation Richardson, TX | $2,468,423 | $514,916 |
Pratham Usa Houston, TX | $25,223,728 | $25,510,214 |
Lsu Health Sciences Foundation In Shreveport Shreveport, LA | $312,345,482 | $53,948,217 |
Amarillo Area Foundation Inc Amarillo, TX | $153,231,166 | $11,027,021 |
University Of North Texas Foundation Inc Denton, TX | $307,856,436 | $18,135,985 |
Soi Dog Houston, TX | $2,898,470 | $10,171,466 |
The Livestrong Foundation Austin, TX | $32,201,486 | $2,234,840 |