Greater Denton Arts Council Inc
- Assets
- $1.6m
- Revenue
- $361.0k
- Investments
- $0.0
- Employees
- 17
- Location
- Denton, TX
- Founding
- 04/1971
- Data as of
- 12/2022
- EIN
- 75-1326458
Organization Overview
Greater Denton Arts Council Inc is located in Denton, TX. The organization was established in 1971. According to its NTEE Classification (A26) the organization is classified as: Arts & Humanities Councils & Agencies, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Greater Denton Arts Council Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Denton Arts Council 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, Greater Denton Arts Council Inc generated $361.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $473.6k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.7%) per year over the past 7 years. 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
ONE OF THE ARTS COUNCILS PRIMARY FOCUSES IS TO PROVIDE FINANCIAL SUPPORT TO ITS MEMBER ORGANIZATIONS, GIVING OVER $1.5 MILLION IN GRANTS SINCE 1980. IN ADDITION, THE ARTS COUNCIL PRESENTS HIGH QUALITY EXHIBITIONS IN ITS GALLERIES, FEATURING BOTH LOCAL AND NATIONAL ARTISTS. IN 2011, THE ARTS COUNCIL BEGAN A PARTNERSHIP WITH THE COLLEGE OF MUSIC AT THE UNIVERSITY OF NORTH TEXAS TO CURATE EXHIBITS OF REGIONAL ARTISTS IN THE MURCHISON PERFORMING ARTS CENTER EXPANDING THE REACH AND VISIBILITY OF AREA ARTISTS TO NEW AUDIENCES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS TO OTHER NON PROFIT ENTITIES IN DENTON ASSOCIATED WITH THE ARTS IN DENTON AND OTHER PROGRAM COSTS
OTHER ARTS EVENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Georgina Ngozi Executive Dir. | Officer | 40 | $75,200 |
Roxanne Del Rio Member | Trustee | 1 | $0 |
Christopher Johnson Treasurer | OfficerTrustee | 1 | $0 |
Bellann Hyten Vice President | OfficerTrustee | 1 | $0 |
Abigail Tilton Member | Trustee | 1 | $0 |
Michelle Houston Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $9,665 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $40,071 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $59,736 |
| Total Program Service Revenue | $31,121 |
| Investment income | $11,002 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $82,713 |
| Net Gain/Loss on Asset Sales | $22,941 |
| Net Income from Fundraising Events | $2,738 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $361,048 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $7,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $75,200 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $152,746 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $18,388 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,795 |
| Advertising and promotion | $3,407 |
| Office expenses | $12,693 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,200 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $984 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $102,464 |
| Insurance | $25,354 |
| All other expenses | $9,420 |
| Total functional expenses | $473,630 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,836 |
| Savings and temporary cash investments | $72,263 |
| 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 | $0 |
| Net Land, buildings, and equipment | $916,581 |
| Investments—publicly traded securities | $483,149 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $105,380 |
| Total assets | $1,614,209 |
| Accounts payable and accrued expenses | $9,417 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $9,417 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $916,581 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $688,211 |
| Total liabilities and net assets/fund balances | $1,614,209 |