Dallas Center For The Performing Arts Foundation Inc
- Assets
- $203.0m
- Revenue
- $23.8m
- Investments
- $0.0
- Employees
- 132
- Location
- Dallas, TX
- Founding
- 09/2000
- Data as of
- 07/2022
- EIN
- 75-2890923
Organization Overview
Dallas Center For The Performing Arts Foundation Inc, operating under the name At&t Performing Arts Center, is located in Dallas, TX. The organization was established in 2000. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 07/2023, At&t Performing Arts Center employed 132 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. At&t Performing Arts Center 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 07/2022, At&t Performing Arts Center generated $23.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.1%) each year. All expenses for the organization totaled $26.5m during the year ending 07/2022. As we would expect to see with falling revenues, expenses have declined by (6.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, At&t Performing Arts Center has awarded 46 individual grants totaling $2,199,233. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
WE ARE A VIBRANT CULTURAL HUB THAT PROVIDES, OPERATES AND ACTIVATES (CONTINUED ON SCH. O)EXCEPTIONAL SPACES FOR ARTISTS, ARTISTIC ORGANIZATIONS AND OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE DALLAS CENTER FOR THE PERFORMING ARTS FOUNDATION, DBA AT&T PERFORMING ARTS CENTER, AND ITS ICONIC VENUES SIT ON A 10-ACRE CAMPUS IN THE HEART OF THE DALLAS ARTS DISTRICT. THE CENTER IS A CULTURAL VENUE FEATURING THE FINEST IN PERFORMING ARTS, ARTS EDUCATION PROGRAMS, AND COMMUNITY ENGAGEMENT. THE CENTER IS A PART OF A VIBRANT CULTURAL COMMUNITY AND PROVIDES, OPERATES AND ACTIVATES EXCEPTIONAL SPACES FOR ARTISTS, ARTISTIC ORGANIZATIONS (INCLUDING FIVE RESIDENT COMPANIES AND TWO LONG-TERM PROGRAMMING PARTNERS), AND OUR COMMUNITY.(CONTINUED ON SCHEDULE O)THE CENTER PRESENTS BROADWAY, THE WORLD'S BEST DANCE COMPANIES, SPEAKERS, CONCERTS, COMEDIANS, AND THROUGH ITS ACCLAIMED ELEVATOR PROJECT, THE BEST OF THE CITY'S NEW, EMERGING AND DIVERSE ARTS ORGANIZATIONS. THE CENTER PROVIDES STAGES AND SUPPORT FOR FIVE ESTEEMED RESIDENT COMPANIES INCLUDING OPERA, THEATRE AND DANCE. WE OPEN OUR ARMS TO ALL. THE CENTER ALSO PROVIDES FREE OUTDOOR ACTIVITIES AND PROGRAMS THAT ACTIVATE ITS CAMPUS AND ADD VIBRANCY TO OUR URBAN ARTS DISTRICT NEIGHBORHOOD.IN FISCAL YEAR 2023, THE CENTER WELCOMED MORE THAN 312,000 VISITS TO ITS CAMPUS AND OTHER CENTER PRESENTATIONS ACROSS THE COMMUNITY. IN FISCAL 2024 WE ANTICIPATE OVER 350,000 VISITS, AS WE BRING BACK OUR EXISTING PATRONS AND FOCUS ON PROGRAMMING THAT ATTRACTS NEW-TO-FILE AUDIENCES ACROSS A DIVERSE RANGE OF DEMOGRAPHICS.IN FY2023 WE PRESENTED A FULL SEASON OF PRESENTATIONS, PROVIDES A WIDE RANGE OF ARTS EDUCATION PROGRAMS, AND EXPANDED ITS HIGHLY IMPACTFUL COMMUNITY ENGAGEMENT PROGRAM ARTS BRIDGE INTO SOUTH DALLAS, A HISTORICALLY UNDER-RESOURCED COMMUNITY. THE CENTER IS A COLLABORATIVE LEADER IN THE DALLAS ARTS DISTRICT AND THE BROADER DALLAS ARTS COMMUNITY, ADVOCATING FOR THE SECTOR AND THIS PAST YEAR, WORKING TO ENSURE THAT A SIGNIFICANT PORTION OF THE CITY'S BOND PROGRAM WILL GO TOWARDS 15 CITY-OWNED ARTS AND CULTURAL VENUES FOR MAJOR MAINTENANCE AND LONG-DEFERRED REPAIRS. THE CENTER ALSO MANAGES THE MOODY FUND FOR THE ARTS ENDOWMENT, APPLICATION AND AWARD PROCESS, WHICH MAKES FLEXIBLE GRANTS TO SMALL DALLAS ARTS ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel L Tobey Chair | OfficerTrustee | 10 | $0 |
Christopher P Reynolds Vice Chair | OfficerTrustee | 4 | $0 |
Larry Angelilli Treasurer | OfficerTrustee | 1 | $0 |
Jill B Louis Secretary | OfficerTrustee | 1 | $0 |
Rebecca Acuna Director | Trustee | 1 | $0 |
Victor Almeida Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Entrust One Facility Services Inc Janitorial Services | 7/30/23 | $749,728 |
Aeg Presents Llc Live Event Production | 7/30/23 | $415,171 |
D & L Entertainment Services Inc Security Services | 7/30/23 | $805,439 |
Prom Touring Llc Live Event Production | 7/30/23 | $340,617 |
Waitress Touring Llc Live Event Production | 7/30/23 | $347,276 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $350,660 |
| Related organizations | $0 |
| Government grants | $7,017,424 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,918,345 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,286,429 |
| Total Program Service Revenue | $10,454,630 |
| Investment income | $102,135 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $78,528 |
| Net Income from Fundraising Events | -$162,090 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,785,701 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $200,000 |
| 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. | $670,579 |
| Compensation of current officers, directors, key employees. | $395,433 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,703,104 |
| Pension plan accruals and contributions | $109,830 |
| Other employee benefits | $483,867 |
| Payroll taxes | $373,097 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $88,728 |
| Fees for services: Accounting | $49,709 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $112,234 |
| Fees for services: Other | $5,317,092 |
| Advertising and promotion | $1,063,121 |
| Office expenses | $312,365 |
| Information technology | $304,459 |
| Royalties | $0 |
| Occupancy | $1,532,869 |
| Travel | $61,718 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $28,663 |
| Interest | $1,069,445 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $330,492 |
| Insurance | $141,415 |
| All other expenses | $0 |
| Total functional expenses | $26,509,603 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,926,019 |
| Savings and temporary cash investments | $456,147 |
| Pledges and grants receivable | $2,090,030 |
| Accounts receivable, net | $1,942,404 |
| 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 | $441,320 |
| Net Land, buildings, and equipment | $3,420,557 |
| Investments—publicly traded securities | $3,770,124 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $178,970,522 |
| Other assets | $0 |
| Total assets | $203,017,123 |
| Accounts payable and accrued expenses | $3,885,295 |
| Grants payable | $0 |
| Deferred revenue | $11,693,825 |
| Tax-exempt bond liabilities | $18,561,426 |
| Escrow or custodial account liability | $1,529,716 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $37,460,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $73,130,262 |
| Net assets without donor restrictions | -$53,834,855 |
| Net assets with donor restrictions | $183,721,716 |
| 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 | $203,017,123 |
Grants Awarded
Over the last fiscal year, Dallas Center For The Performing Arts Foundation Inc has awarded $195,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
THE DALLAS OPERA PURPOSE: OPERATIONS SUPPORT | $82,500 |
DALLAS THEATER CENTER PURPOSE: OPERATIONS SUPPORT | $82,500 |
TEXAS BALLET THEATER INC PURPOSE: OPERATIONS SUPPORT | $20,000 |
DALLAS BLACK DANCE THEATE INC PURPOSE: OPERATIONS SUPPORT | $10,000 |