Dallas Arts District Foundation
- Assets
- $529.0k
- Revenue
- $771.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Dallas, TX
- Founding
- 08/1984
- Data as of
- 12/2023
- EIN
- 75-1970472
Organization Overview
Dallas Arts District Foundation is located in Dallas, TX. The organization was established in 1984. 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 12/2023, Dallas Arts District Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dallas Arts District 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 12/2023, Dallas Arts District Foundation generated $771.1k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 43.1% each year . All expenses for the organization totaled $742.8k during the year ending 12/2023. While expenses have increased by 16.7% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE DALLAS ARTS DISTRICT IS A COALITION OF ARTISTIC, EDUCATIONAL, AND COMMERCIAL NEIGHBORS THAT WORK TOGETHER TO ELEVATE THE CITYS CREATIVE AND ECONOMIC LIFE THROUGH THE SUPPORT OF A VIBRANT, DIVERSE, AND SUSTAINABLE ARTS DISTRICT THROUGH ADVOCACY, PROGRAMS AND EVENTS, AND SUSTAINABLE DESIGN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PLANNING: THE ORGANIZATION COLLABORATES WITH THE CITY OF DALLAS ON APPROVED BOND IMPROVEMENTS THAT FOLLOWS THE PRIORITIES OF THE CONNECTION PLAN, AN INFRASTRUCTURE MASTER PLAN THAT PROMOTES SAFETY, CONNECTIVITY, AND ACCESSIBILITY WITH STRONG URBAN DESIGN IN A MULTIMODAL NEIGHBORHOOD.
MARKETING AND EVENTS: THE ORGANIZATION PROVIDES MARKETING AND PROMOTIONAL SUPPORT TO ITS MEMBERS THROUGH THE CREATION OF THE DALLAS ARTS DISTRICT VISITOR GUIDE, COMMUNITY OUTREACH AND FREE PUBLIC PROGRAMMING INCLUDING THE ARTS DISTRICT SIGNATURE BLOCK PARTIES, THE MONTHLY NEWLETTER AND THROUGH THE ROBUST SOCAIL MEDIA PLATFORMS. .
GRANTS PROGRAM: IN 2023, DAD AWARDED $27,325 IN GRANTS TO TEN LOCAL ARTS AND CULTURAL ORGANIZATIONS FOR INNOVATIVE PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lily Cabatu Weiss Executive Director | Officer | 50 | $175,763 |
Charles Santos Board Chair | OfficerTrustee | 4 | $0 |
Kit Sawers Vice Chair | OfficerTrustee | 2.5 | $0 |
Jeffrey Woodward Secretary (through April 2023) | OfficerTrustee | 1 | $0 |
Kevin Moriarty Secretary (starting May 2023) | OfficerTrustee | 1 | $0 |
Amy Lewis Hofland Treasurer | OfficerTrustee | 2.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $179,325 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $285,153 |
| All other contributions, gifts, grants, and similar amounts not included above | $246,367 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $710,845 |
| Total Program Service Revenue | $60,243 |
| Investment income | $0 |
| 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 | $771,088 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $27,325 |
| 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. | $175,763 |
| Compensation of current officers, directors, key employees. | $26,364 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,964 |
| Pension plan accruals and contributions | $2,880 |
| Other employee benefits | $2,032 |
| Payroll taxes | $5,676 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $33,306 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $67,229 |
| Advertising and promotion | $25,992 |
| Office expenses | $17,521 |
| Information technology | $19,093 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,108 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $136,103 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,490 |
| All other expenses | $0 |
| Total functional expenses | $742,805 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $528,966 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $528,966 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $381,709 |
| Net assets with donor restrictions | $147,257 |
| 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 | $528,966 |