Fort Worth Art Association Endowment Foundation

Organization Overview

Fort Worth Art Association Endowment Foundation is located in Fort Worth, TX. The organization was established in 2013. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fort Worth Art Association Endowment 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 06/2023, Fort Worth Art Association Endowment Foundation generated $39.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 23.2% each year . All expenses for the organization totaled $8.2m during the year ending 06/2023. While expenses have increased by 3.0% 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

TO OPERATE EXCLUSIVELY FOR THE BENEFIT OF THE FORT WORTH ART ASSOCIATION, A SEC. 501(C)(3) ORGANIZATION. THE FOUNDATION IS RESPONSIBLE FOR THE ADMINISTRATION OF THE LONG TERM INVESTMENTS HELD FOR THE BENEFIT OF THE ASSOCIATION AND ITS AFFILIATES.

Describe the Organization's Program Activity:

THE FORT WORTH ART ASSOCIATION ENDOWMENT FOUNDATION IS A GROUP OF FUNDS HELD FOR THE PURPOSE OF FUNDING ART PURCHASES AND OTHER PROGRAM SERVICES IN SUPPORT OF THE FORT WORTH ART ASSOCIATION.


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Board, Officers & Key Employees

Name (title)Compensation
Ardon Moore
President/trustee
$0
Amar Tanna
Vice President/trustee
$0
Rafa Garza
Treasurer/trustee
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Jpmorgan
Investment Services
$491,675
Sculptor Overseas Fund Ii Ltd
Investment Services
$347,682
Third Point Management
Investment Services
$115,464
Farallon Capital Offshore Investors Inc
Investment Services
$227,884
View All Vendors

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$35,363,479
Noncash contributions included in lines 1a–1f $7,386,980
Total Revenue from Contributions, Gifts, Grants & Similar$35,363,479
Total Program Service Revenue$0
Investment income $2,585,982
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,093,108
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $39,225,697

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Friends Of The Corpus Christi Museum Of Science And History
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El Paso Museum Of Art Foundation
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