Dsm Management Group Inc
- Assets
- $3.6m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 11/1999
- Data as of
- 10/2020
- EIN
- 75-2770363
Organization Overview
Dsm Management Group Inc is located in Dallas, TX. The organization was established in 1999. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, 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. Dsm Management Group 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 10/2020, Dsm Management Group Inc generated $1.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (11.9%) each year. All expenses for the organization totaled $2.8m during the year ending 10/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
OPERATE, MANAGE AND MAINTAIN THE MUSIC HALL AT FAIR PARK ON BEHALF OF THE CITY OF DALLAS. DSM MANAGEMENT GROUP, INC SUPPORTS ... (CONTINUED ON SCHEDULE O)
Describe the Organization's Program Activity:
Part 3 - Line 4a
DSM MANAGEMENT GROUP INC RENTS THE MUSIC HALL TO VARIOUS ARTS GROUP INCLUDING BUT NOT LIMITED TO THE DALLAS SUMMER MUSICALS INC FOR PERFORMANCES. THE MUSIC HALL WAS CLOSED FOR PUBLIC EVENTS AND SHUT DOWN MARCH 2020 AS A RESULT OF THE COVID-19 GLOBAL PANDEMIC. THE FOCUS OF DSM MANAGEMENT GROUP DURING THIS TIME WAS TO CONTINUE MAINTAINING THE MUSIC HALL, SO IT COULD RE-OPEN FOR PERFORMANCES ONCE THE GOVERNMENT IMPOSED RESTRICTIONS WERE LIFTED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth Novice President | Officer | 20 | $166,487 |
Joseph Yoshitomi Senior VP And General Manager | Officer | 24 | $121,027 |
Michael Richman VP Of Marketing And Patron Exp | Officer | 6 | $27,992 |
Vicky Brown Senior VP Of Finance | Officer | 5 | $18,535 |
Tom Watson Chair/director | OfficerTrustee | 2 | $0 |
David Dienes Director/treasurer | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Td Industries Hvac Maintenance | 10/30/20 | $246,009 |
Act Event Services Inc Janitorial Services | 10/30/20 | $182,327 |
Ace Parking Management Inc Parking | 10/30/20 | $106,804 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| 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 | $1,386,226 |
| Statement of Expenses | |
|---|---|
| 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. | $351,255 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $451,112 |
| Pension plan accruals and contributions | $7,068 |
| Other employee benefits | $98,711 |
| Payroll taxes | $51,855 |
| Fees for services: Management | $17,187 |
| Fees for services: Legal | $203,473 |
| Fees for services: Accounting | $17,424 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $78,439 |
| Advertising and promotion | $3,420 |
| Office expenses | $46,454 |
| Information technology | $4,971 |
| Royalties | $0 |
| Occupancy | $911,195 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,159 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $176,983 |
| Insurance | $45,773 |
| All other expenses | $0 |
| Total functional expenses | $2,805,055 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $424,893 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $31,278 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,346,515 |
| Total assets | $3,614,375 |
| Accounts payable and accrued expenses | $218,263 |
| Grants payable | $0 |
| Deferred revenue | $17,772 |
| 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 | $461,602 |
| Total liabilities | $697,637 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $2,916,738 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Woodlands Center For The Performing Arts The Woodlands, TX | $66,155,005 | $4,869,262 |
The Foundation For Jones Hall Houston, TX | $12,945,210 | $11,215,659 |
National Western Art Foundation San Antonio, TX | $33,318,907 | $5,418,283 |
Society For The Performing Arts Houston, TX | $2,735,277 | $4,022,539 |
Dsm Management Group Inc Dallas, TX | $3,614,375 | $1,386,226 |
1894 Inc Galveston, TX | $14,356,181 | $3,638,315 |
New Orleans Center For Creative Arts Institute New Orleans, LA | $27,637,413 | $1,850,928 |
Shaw Center For The Arts Llc Baton Rouge, LA | $25,156,056 | $977,133 |
Spencer Theater For The Performing Arts Inc Alto, NM | $16,060,098 | $2,857,669 |
Taca Inc Dallas, TX | $1,253,014 | $1,318,938 |
Jefferson Performing Arts Society Metairie, LA | $970,556 | $1,410,329 |
Denison Industrial Development Company Denison, TX | $13,693,763 | $1,394,238 |