North Texas Business Council For The Arts
- Assets
- $531.1k
- Revenue
- $506.9k
- Investments
- $0.0
- Employees
- 8
- Location
- Dallas, TX
- Founding
- 08/1988
- Data as of
- 12/2021
- EIN
- 75-2232449
Organization Overview
North Texas Business Council For The Arts is located in Dallas, TX. The organization was established in 1988. According to its NTEE Classification (A99) the organization is classified as: Arts, Culture & Humanities N.E.C., under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, North Texas Business Council For The Arts employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Texas Business Council For The Arts 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 12/2021, North Texas Business Council For The Arts generated $506.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $612.4k during the year ending 12/2021. While expenses have increased by 4.0% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ENCOURAGES, INSPIRES AND STIMULATES BUSINESSES AND MUNICIPALITIES TO SUPPORT THE ARTS IN THE WORKPLACE, IN EDUCATION AND IN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LEADERSHIP ARTS INSTITUTE ("LAI") WAS FOUNDED TO CREATE AND ENCOURAGE THE NEXT GENERATION OF BUSINESS LEADERS ADVOCATING FOR THE ARTS. LAI FOCUSES ON BEST PRACTICES IN NONPROFIT BOARD LEADERSHIP, KNOWLEDGE OF THE NORTH TEXAS ARTS COMMUNITY AND THE IMPACT OF ARTS AND CULTURE IN THE WORKPLACE, IN EDUCATION AND IN THE COMMUNITY. UPON COMPLETION OF THE PROGRAM, GRADUATES ARE CUSTOM-MATCHED TO SERVE ON NONPROFIT BOARDS OF DIRECTORS. THIS PROVIDES TRAINED, DIVERSE BUSINESS PROFESSIONALS THAT STRENGTHEN THE NONPROFIT SECTOR. THE LAI CLASSES IN DALLAS AND COLLIN/DENTON COUNTIES COMPLETE AN ANNUAL CLASS PROJECT TO BENEFIT THE NORTH TEXAS COMMUNITY, SUPPORTED THROUGH CASH AND IN-KIND DONATIONS.
THE OBELISK AWARDS RECOGNIZES NONPROFIT AND BUSINESS ORGANIZATIONS AND LEADERS WHO HAVE EVIDENCED EXTRAORDINARY SUPPORT OF THE ARTS AND CULTURE IN NORTH TEXAS, ENRICHING OUR REGION AND THE LIVES OF INDIVIDUAL CITIZENS. BY PROMOTING THEIR ACCOMPLISHMENTS, OTHERS ARE PROMPTED TO EMULATE THEIR EXAMPLE, FOSTERING GREATER SUPPORT FOR THE NONPROFIT ARTS AND CULTURAL SECTOR. FOR OVER 30 YEARS, THE OBELISK AWARDS HAVE PROVIDED ADVOCACY AND EDUCATION ABOUT BUSINESS/ARTS PARTNERSHIPS THAT HAVE ADVANCED NORTH TEXAS TO ITS PLACE AS THE FIFTH LARGEST ART ECONOMY IN THE NATION.
ART AT WORK DEVELOPS INCLUSIVE, VIBRANT AND MEMORABLE ART PROGRAMS THAT OCCUR WITHIN THE WORKPLACE FOR THE BENEFIT OF CORPORATE EMPLOYEES AND CLIENTS. ART AT WORK PROGRAMS ARE DESIGNED TO VISUALLY ENHANCE THE WORK ENVIRONMENT, SHOWCASE COMPANY VALUES, PROMOTE CROSS-CULTURAL UNDERSTANDING, AND SUPPORT LOCAL ART COMMUNITIES.
BCA PROGRAM EXPENSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katherine Wagner CEO & President | OfficerTrustee | 40 | $130,835 |
Nancy Nasher Haemisegger Bca Founder's Chairman | OfficerTrustee | 0 | $0 |
J King Bourland Chair, Finance & Treasurer | OfficerTrustee | 0 | $0 |
Rick Del Monte Board Chairman | OfficerTrustee | 0 | $0 |
Mary Mcnulty Secretary | OfficerTrustee | 0 | $0 |
Randy Colson Chair, Technology | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $74,050 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $83,892 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,971 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $166,913 |
| Total Program Service Revenue | $153,761 |
| 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 | $157,776 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $506,888 |
| 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. | $130,835 |
| Compensation of current officers, directors, key employees. | $22,077 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $216,543 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $14,691 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $48,000 |
| Travel | $0 |
| 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 | $11,630 |
| Insurance | $4,859 |
| All other expenses | $8,186 |
| Total functional expenses | $612,424 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $351,436 |
| Savings and temporary cash investments | $100,064 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,450 |
| 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 | $1,648 |
| Net Land, buildings, and equipment | $42,054 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $24,492 |
| Total assets | $531,144 |
| Accounts payable and accrued expenses | $2,063 |
| Grants payable | $0 |
| Deferred revenue | $65,281 |
| 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 | $73,993 |
| Total liabilities | $141,337 |
| Net assets without donor restrictions | $388,353 |
| Net assets with donor restrictions | $1,454 |
| 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 | $531,144 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that North Texas Business Council For The Arts has recieved totaling $34,567.
| Awarding Organization | Amount |
|---|---|
Communities Foundation Of Texas Dallas, TX PURPOSE: THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT. | $34,444 |
Jp Morgan Chase Foundation New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $100 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $23 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas Dental Association Austin, TX | $10,861,399 | $4,136,384 |
Bos Place Houston, TX | $5,835,899 | $1,943,445 |
Tales Of The Cocktail Foundation Inc Metairie, LA | $658,022 | $2,036,416 |
Robert S & Grayce B Kerr Foundation Inc Oklahoma City, OK | $19,234,723 | $2,069,941 |
Krewe Of Red Beans New Orleans, LA | $2,812,891 | $1,780,291 |
Culture Aid Nola New Orleans, LA | $593,018 | $1,795,050 |
Rick C & Belinda G Foundation Fayetteville, AR | $24,298,767 | $2,403,306 |
North Texas Business Council For The Arts Dallas, TX | $531,144 | $506,888 |
Talking Talons Youth Leadership Cedar Crest, NM | $469,184 | $610,447 |
Citadelle Art Foundation Canadian, TX | $13,351,512 | $757,046 |
Leadership New Mexico Albuquerque, NM | $1,646,812 | $453,100 |
Studio School Of Music Richardson, TX | $483,028 | $643,200 |