Texas Center For Arts-Academics
- Assets
- $13.5m
- Revenue
- $10.7m
- Investments
- $0.0
- Employees
- 253
- Location
- Fort Worth, TX
- Founding
- 03/1959
- Data as of
- 08/2022
- EIN
- 75-0942885
Organization Overview
Texas Center For Arts-Academics is located in Fort Worth, TX. The organization was established in 1959. According to its NTEE Classification (A6B) the organization is classified as: Singing & Choral Groups, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 08/2022, Texas Center For Arts-Academics employed 253 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas Center For Arts-Academics 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 08/2022, Texas Center For Arts-Academics generated $10.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $10.4m during the year ending 08/2022. While expenses have increased by 4.8% per year over the past 7 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
PROVIDE ARTISTIC TRAINING AND COLLEGE PREPARATORY EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF THE TEXAS CENTER FOR ARTS + ACADEMICS IS TO CONDUCT AND MANAGE ARTISTIC PROGRAMS AND TO PROVIDE FOR THE EDUCATION AND ARTISTIC TRAINING OF BOYS AND GIRLS.
THE PURPOSE OF THE CHARTER SCHOOL, FORT WORTH ACADEMY OF FINE ARTS, IS TO PROVIDE COLLEGE PREPARATORY EDUCATION AND ARTISTIC TRAINING FOR STUDENTS IN GRADES 3-12 UNDER AN OPEN ENROLLMENT CHARTER; 618 STUDENTS SERVED.
THE PURPOSE OF THE CHARTER SCHOOL, TEXAS SCHOOL OF THE ARTS, IS TO PROVIDE COLLEGE PREPARATORY AND FINE ARTS-BASED EDUCATION FOR STUDENTS IN GRADES K-5 UNDER AN OPEN ENROLLMENT CHARTER; 281 STUDENTS SERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Gravley President/ceo | Officer | 40 | $162,200 |
Anika Perkins Chief Academic Officer | Officer | 40 | $128,600 |
Charles Reid Board Member | Trustee | 1 | $0 |
Leslie Scott Board Member | Trustee | 1 | $0 |
Melissa Goodroe Past Chairman | Trustee | 1 | $0 |
Mary Zimmerman Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Texas Direct Roofing Roofing | 8/30/22 | $252,560 |
Clear Choice Technology Services Llc Technology | 8/30/22 | $233,210 |
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 | $231,681 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $231,681 |
| Total Program Service Revenue | $10,281,993 |
| Investment income | $44,153 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $8,271 |
| Net Rental Income | $5,006 |
| Net Gain/Loss on Asset Sales | $12,781 |
| Net Income from Fundraising Events | $84,590 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,668,475 |
| 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. | $290,800 |
| Compensation of current officers, directors, key employees. | $290,800 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,746,977 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $527,595 |
| Payroll taxes | $155,920 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $53,765 |
| Fees for services: Accounting | $55,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $44,559 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,666 |
| Travel | $315,974 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $153,549 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $612,023 |
| Insurance | $80,496 |
| All other expenses | $472,136 |
| Total functional expenses | $10,388,347 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,182,265 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $91,791 |
| Net Land, buildings, and equipment | $9,728,962 |
| Investments—publicly traded securities | $1,460,284 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,032,947 |
| Total assets | $13,496,249 |
| Accounts payable and accrued expenses | $11,893 |
| Grants payable | $0 |
| Deferred revenue | $30,519 |
| 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 | $2,810,448 |
| Unsecured mortgages and notes payable | $183,073 |
| Other liabilities | $799,251 |
| Total liabilities | $3,835,184 |
| Net assets without donor restrictions | $6,707,611 |
| Net assets with donor restrictions | $2,953,454 |
| 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 | $13,496,249 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Texas Center For Arts-Academics has recieved totaling $7,074.
| Awarding Organization | Amount |
|---|---|
Communities Foundation Of Texas Dallas, TX PURPOSE: THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT. | $6,713 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $361 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas Center For Arts-Academics Fort Worth, TX | $13,496,249 | $10,668,475 |
Sweet Adelines International Corporation Tulsa, OK | $8,622,203 | $2,745,121 |
Conspirare Inc Austin, TX | $1,008,687 | $1,569,086 |
Mercury Chamber Orchestra Inc Houston, TX | $643,046 | $969,936 |
Santa Fe Desert Chorale Santa Fe, NM | $1,279,456 | $1,570,845 |
Houston Chamber Choir Houston, TX | $154,295 | $586,272 |
Turtle Creek Chorale Inc Dallas, TX | $915,499 | $715,212 |
Canterbury Voices Inc Oklahoma City, OK | $986,364 | $572,354 |
Childrens Chorus Of Greater Dallas Dallas, TX | $946,051 | $502,333 |
Dorothy Shaw Bell Choir Fort Worth, TX | $544 | $417,926 |
Arkansas Choral Directors Association Alma, AR | $56,989 | $281,715 |
New Orleans Childrens Chorus New Orleans, LA | $142,023 | $185,514 |