Ballroom Cultural Arts Foundation
- Assets
- $1.4m
- Revenue
- $915.7k
- Investments
- $0.0
- Employees
- 11
- Location
- Marfa, TX
- Founding
- 06/2004
- Data as of
- 06/2022
- EIN
- 20-0126402
Organization Overview
Ballroom Cultural Arts Foundation is located in Marfa, TX. The organization was established in 2004. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Ballroom Cultural Arts Foundation employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ballroom Cultural Arts Foundation 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 06/2022, Ballroom Cultural Arts Foundation generated $915.7k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $1.1m during the year ending 06/2022. 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
TO OPERATE AN EXHIBITION FACILITY AND PROVIDE ARTISTIC AND CULTURAL EVENTS IN MARFA, TEXAS THROUGH VISUAL ART, FILM, MUSIC PERFORMANCES, AND CONVERSATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BALLROOM MARFA PRESENTED 10 VISUAL ART, FILM, AND MUSIC PROGRAMS FOR FY2022, INCLUDING 3 MAJOR VISUAL ART EXHIBITIONS, 1 PRINTED PUBLICATION, 3 EDUCATIONAL PROGRAMS, 1 MUSIC PERFORMANCE, MAINTAINED 2 PUBLIC INSTALLATIONS, HOSTED ARTISTS- IN- RESIDENCE. ALL PROGRAMS WERE ON VIEW AND OPEN TO THE PUBLIC, FREE OF CHARGE. PRODUCTION HAD ALSO BEGUN ON SEVERAL LONG-TERM PROJECTS SCHEDULED TO DEBUT IN THE FUTURE AND LEADING UP TO OUR 20TH ANNIVERSARY IN FY2024. THESE PROGRAMS, COLLABORATIONS, AND INSTALLATIONS SUPPORTED OVER 30 ARTISTS, MUSICIANS, AND VISIONARY THINKERS AND DREW OVER 32,000 VISITORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Copelin Interim Ed | Officer | 40 | $125,558 |
Daisy Nam Executive Dir. | Officer | 40 | $65,544 |
Virginia Lebermann President | OfficerTrustee | 1 | $0 |
Fairfax Dorn Artistic Dir. | OfficerTrustee | 1 | $0 |
Abdullah Al-Turki Trustee | Trustee | 1 | $0 |
Suzanne Deal Booth Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $303,580 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $141,176 |
| All other contributions, gifts, grants, and similar amounts not included above | $331,123 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $775,879 |
| Total Program Service Revenue | $138,038 |
| Investment income | $1,739 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $915,656 |
| 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. | $191,101 |
| Compensation of current officers, directors, key employees. | $26,754 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $219,073 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $44,001 |
| Payroll taxes | $31,671 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,458 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $48,858 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $13,235 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $29,040 |
| Travel | $71,981 |
| 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 | $10,838 |
| Insurance | $6,645 |
| All other expenses | $118,330 |
| Total functional expenses | $1,126,315 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $760,207 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $200,000 |
| Accounts receivable, net | $185,500 |
| 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 | $110,452 |
| Net Land, buildings, and equipment | $21,919 |
| Investments—publicly traded securities | $102,070 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,380,148 |
| Accounts payable and accrued expenses | $185,268 |
| Grants payable | $0 |
| Deferred revenue | $138,500 |
| 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 | $5,001 |
| Total liabilities | $328,769 |
| Net assets without donor restrictions | $222,748 |
| Net assets with donor restrictions | $828,631 |
| 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 | $1,380,148 |