Fotofest Inc
- Assets
- $2.0m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 11
- Location
- Houston, TX
- Founding
- 08/1984
- Data as of
- 04/2022
- EIN
- 76-0105267
Organization Overview
Fotofest Inc is located in Houston, TX. The organization was established in 1984. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 04/2022, Fotofest Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fotofest 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 04/2022, Fotofest Inc generated $2.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $938.2k during the year ending 04/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE AN INTERNATIONAL FORUM FOR THE EXCHANGE OF PHOTOGRAPHY AND IDEAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PREPARATION, INSTALLATION, AND PRESENTATION OF PHOTOGRAPHIC EXHIBITIONS AND PROGRAMS, INCLUDING LECTURES, TOURS, AND PANEL DISCUSSIONS. PUBLICATIONS OF PHOTOGRAPHY BOOKS, CATALOGUES, AND GALLERY GUIDES.
LITERACY THROUGH PHOTOGRAPHY LEARNING PROGRAM - THE SCHOOL EDUCATION PROGRAM CREATED BY FOTOFEST TO HELP STUDENTS IN GRADES 3-12 STRENGTHEN BASIC LEARNING SKILLS, PARTICULARLY WRITING AND CRITICAL THINKING. THE LEARNING PROGRAM USES PHOTOGRAPHY AND VISUAL IMAGERY AS TOOLS TO STIMULATE STUDENTS' WRITING, COMPREHENSION, ANALYTIC ABILITIES AND COMMUNICATION SKILLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Evans Executive Di | OfficerTrustee | 40 | $111,550 |
Ken Anderson Vice Preside | OfficerTrustee | 8 | $0 |
Frederick Baldwin Chairman | OfficerTrustee | 2 | $0 |
Masud Haq Secr & Treas | OfficerTrustee | 8 | $0 |
William Joor III President | OfficerTrustee | 8 | $0 |
Wendy Watriss Director | OfficerTrustee | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,415 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $296,911 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,685,816 |
| Noncash contributions included in lines 1a–1f | $1,017,386 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,984,142 |
| Total Program Service Revenue | $158,553 |
| Investment income | $9,897 |
| 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 | $2,155,129 |
| 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. | $111,550 |
| Compensation of current officers, directors, key employees. | $21,733 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $284,263 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $59,393 |
| Payroll taxes | $31,349 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $35,569 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $152,862 |
| Advertising and promotion | $7,382 |
| Office expenses | $15,719 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $134,345 |
| Travel | $6,149 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $14,223 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $16,490 |
| All other expenses | $0 |
| Total functional expenses | $938,158 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $188,563 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $615,410 |
| 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 | $3,841 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $958,565 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $193,550 |
| Total assets | $1,959,929 |
| Accounts payable and accrued expenses | $16,970 |
| Grants payable | $0 |
| Deferred revenue | $10,275 |
| 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 | $213,223 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $28,994 |
| Total liabilities | $269,462 |
| Net assets without donor restrictions | -$58,229 |
| Net assets with donor restrictions | $1,748,696 |
| 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 | $1,959,929 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Fotofest Inc has recieved totaling $100,000.
| Awarding Organization | Amount |
|---|---|
The Powell Foundation Houston, TX PURPOSE: ARTS: EDUCATIONAL PROGRAMMING AND INITIATIVES FOR CHILDREN AND YOUTH | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dallas Contemporary Dallas, TX | $3,580,432 | $1,729,811 |
Louisiana Art And Science Museum Inc Baton Rouge, LA | $6,561,733 | $3,010,375 |
Kid Smart New Orleans, LA | $1,431,671 | $1,483,541 |
Glass Control Inc Emp Ben Tr Lubbock, TX | $187,823 | $1,183,121 |
Ballroom Cultural Arts Foundation Marfa, TX | $1,422,501 | $1,165,140 |
Gil And Dody Weaver Foundation Dallas, TX | $0 | $964,218 |
Fotofest Inc Houston, TX | $1,959,929 | $2,155,129 |
Interform Springdale, AR | $499,617 | $931,526 |
Inspiration Point Fine Arts Colony Inc Eureka Springs, AR | $3,726,831 | $2,341,148 |
Dallas Spark Dallas, TX | $494,166 | $779,653 |
Valere B Potter Trust Uw Dallas, TX | $5,062,926 | $695,206 |
Creative Arts Center Of Dallas Dallas, TX | $609,840 | $730,284 |