Taca Inc
- Assets
- $1.3m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 8
- Location
- Dallas, TX
- Founding
- 09/1967
- Data as of
- 05/2022
- EIN
- 75-6061186
Organization Overview
Taca Inc is located in Dallas, TX. The organization was established in 1967. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 05/2022, Taca Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Taca 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 05/2022, Taca Inc generated $1.3m 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 (4.9%) each year. All expenses for the organization totaled $1.6m during the year ending 05/2022. As we would expect to see with falling revenues, expenses have declined by (4.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Taca Inc has awarded 254 individual grants totaling $6,191,000. 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
TO SUPPORT EXCELLENCE AND IMPACT IN THE ARTS THROUGH GRANT MAKING, CAPACITY BUILDING AND THOUGHT LEADERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT EXCELLENCE AND IMPACT IN THE ARTS THROUGH GRANT MAKING, CAPACITY BUILDING AND THOUGHT LEADERSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry Loftis President & Ed | Officer | 40 | $138,000 |
Lani Burgar Dir-Fin. & Adm. | Officer | 40 | $87,000 |
Kim Hext Vice Chairman | OfficerTrustee | 0.3 | $0 |
Tara Lewis Chairman | OfficerTrustee | 2 | $0 |
Purvi Albers Secretary | OfficerTrustee | 2 | $0 |
Jim Nugent Vice Chairman | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $17,673 |
| Fundraising events | $625,253 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $786,910 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,429,836 |
| Total Program Service Revenue | $0 |
| Investment income | $3,252 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$9,107 |
| Net Income from Fundraising Events | -$105,043 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,318,938 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $728,000 |
| 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. | $251,488 |
| Compensation of current officers, directors, key employees. | $125,293 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $274,077 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $44,977 |
| Payroll taxes | $46,460 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,074 |
| Advertising and promotion | $0 |
| Office expenses | $7,404 |
| Information technology | $86,765 |
| Royalties | $0 |
| Occupancy | $36,946 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,742 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,655 |
| Insurance | $5,752 |
| All other expenses | $2,982 |
| Total functional expenses | $1,608,381 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,197,069 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $27,859 |
| 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 | $14,985 |
| Net Land, buildings, and equipment | $13,101 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,253,014 |
| Accounts payable and accrued expenses | $32,743 |
| Grants payable | $346,000 |
| 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 | $378,743 |
| Net assets without donor restrictions | $560,391 |
| Net assets with donor restrictions | $313,880 |
| 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 | $1,253,014 |
Grants Awarded
Over the last fiscal year, Taca Inc has awarded $685,000 in support to 48 organizations.
| Grant Recipient | Amount |
|---|---|
Dallas, TX PURPOSE: ARTS | $33,500 |
Dallas, TX PURPOSE: ARTS | $31,000 |
Dallas, TX PURPOSE: ARTS | $26,500 |
Dallas, TX PURPOSE: ARTS | $25,500 |
Dallas, TX PURPOSE: ARTS | $22,500 |
Dallas, TX PURPOSE: ARTS | $22,000 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Taca Inc has recieved totaling $535,662.
| Awarding Organization | Amount |
|---|---|
American Endowment Foundation Hudson, OH PURPOSE: ARTS, CULTURE | $212,500 |
Eugene Mcdermott Foundation Dallas, TX PURPOSE: FOR OPERATIONS AND GRANTS | $200,000 |
Communities Foundation Of Texas Dallas, TX PURPOSE: THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT. | $48,871 |
Eugene Mcdermott Foundation Dallas, TX PURPOSE: FOR SILVER CUP AWARD | $25,000 |
M R And Evelyn Hudson Foundation Keller, TX PURPOSE: FUNDS SUPPORT THE TACA RESILIENCY INITIATIVE. | $20,000 |
Sapphire Foundation Inc Wilmington, DE PURPOSE: RESILIENCY WORKSHOP SERIES | $10,000 |
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 |