Tessitura Network Inc
- Assets
- $18.7m
- Revenue
- $52.2m
- Investments
- $0.0
- Employees
- 280
- Location
- Dallas, TX
- Founding
- 08/2003
- Data as of
- 12/2022
- EIN
- 06-1666165
Organization Overview
Tessitura Network Inc is located in Dallas, TX. The organization was established in 2003. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Tessitura Network Inc employed 280 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tessitura Network 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 12/2022, Tessitura Network Inc generated $52.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $55.0m during the year ending 12/2022. While expenses have increased by 9.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TESSITURA NETWORK, INC. OPERATES FOR THE BENEFIT OF AND TO SUPPORT THE MEMBERS OF ITS NETWORK. ALL MEMBERS OF THE NETWORK ARE ORGANIZATIONS OR ENTITIES ORGANIZED TO OPERATE AS VISUAL, CULTURAL, EDUCATIONAL, AND PERFORMING ARTS ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TESSITURA NETWORK INC (TNI) OPERATES FOR THE BENEFIT OF AND TO SUPPORT THE MEMBERS OF TNI. ALL MEMBERS ARE ORGANIZATIONS OR ENTITIES ORGANIZED TO OPERATE AS VISUAL, CULTURAL, AND PERFORMING ARTS ORGANIZATIONS. A SUBSTANTIAL MAJORITY OF THE ORGANIZATIONS SERVED BY TNI ARE EXEMPT PUBLIC CHARITIES, TOGETHER WITH INTERNATIONAL ORGANIZATIONS THAT MEET THE QUALIFICATIONS FOR EXEMPT PUBLIC CHARITY STATUS. TNI INCREASES COOPERATION AMONG PERFORMING ARTS, VISUAL AND CULTURAL ORGANIZATIONS AND ENHANCES ORGANIZATIONAL EFFICIENCY AND PRODUCTIVITY OF ARTS AND CULTURAL ORGANIZATIONS THROUGH THE PROVISION OF SOFTWARE. THE SOFTWARE FACILITATES INTEGRATED FUNDRAISING, SUBSCRIPTION AND TICKETING, MARKETING AND CUSTOMER RELATIONS FUNCTIONS, THEREBY BETTER ENABLING ARTS AND CULTURAL ORGANIZATIONS TO DELIVER THEIR PROGRAMS AND SERVICES TO THE PUBLIC. THIS PROVIDES ITS MEMBERS WITH SUPPORT, EDUCATION AND TRAINING FOR THE SOFTWARE, AND ENHANCES AND IMPROVES THE SOFTWARE IN ORDER TO MEET THE NEEDS OF ARTS AND CULTURAL ORGANIZATIONS WITH RESPECT TO THEIR DELIVERY OF PROGRAMS AND SERVICES TO THE PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Recinos President & CEO | OfficerTrustee | 50 | $409,475 |
Chuck Reif Chf Eng/co-Found. | 50 | $301,178 | |
Mara Hazzard-Wallingford Chief Growth Officer | 50 | $242,593 | |
Erin Koppel Chief Strategy Officer | 50 | $239,378 | |
Karyn Elliott Chief Member Officer | 50 | $232,860 | |
John Jakovich Chief Innovation Officer | 50 | $233,801 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sieena Inc Dba Definity First Consulting | 12/30/22 | $545,745 |
Ruth Morgan Ltd Consulting | 12/30/22 | $225,927 |
Alpha Variance Solutions Llc Consulting | 12/30/22 | $311,969 |
Beon Tech Studio Consulting | 12/30/22 | $199,315 |
Robert Half Consulting | 12/30/22 | $201,623 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $757,617 |
| Noncash contributions included in lines 1a–1f | $3,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $757,617 |
| Total Program Service Revenue | $49,897,646 |
| Investment income | $163,906 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $609,438 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $22,193 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $818,188 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $52,155,405 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $1,731,833 |
| Compensation of current officers, directors, key employees. | $519,550 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $27,959,713 |
| Pension plan accruals and contributions | $588,156 |
| Other employee benefits | $3,250,921 |
| Payroll taxes | $2,160,143 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $252,343 |
| Fees for services: Accounting | $42,947 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,454,737 |
| Advertising and promotion | $0 |
| Office expenses | $1,384,609 |
| Information technology | $10,403,732 |
| Royalties | $0 |
| Occupancy | $41,589 |
| Travel | $838,735 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $591,191 |
| Insurance | $236,988 |
| All other expenses | $189,879 |
| Total functional expenses | $54,972,236 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,856,652 |
| Savings and temporary cash investments | $1,637,616 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,707,436 |
| 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 | $4,093,048 |
| Net Land, buildings, and equipment | $782,891 |
| Investments—publicly traded securities | $6,147,707 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $475,702 |
| Total assets | $18,701,052 |
| Accounts payable and accrued expenses | $1,115,903 |
| Grants payable | $0 |
| Deferred revenue | $4,980,653 |
| 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 | $2,115,816 |
| Total liabilities | $8,212,372 |
| Net assets without donor restrictions | $10,488,680 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $18,701,052 |