Dallas Center For The Performing Arts Endowment Inc
- Assets
- $11.0m
- Revenue
- $391.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 02/2018
- Data as of
- 07/2023
- EIN
- 82-2278560
Organization Overview
Dallas Center For The Performing Arts Endowment Inc, operating under the name Moody Fund For The Arts, is located in Dallas, TX. The organization was established in 2018. According to its NTEE Classification (A11) the organization is classified as: Single Organization Support, 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. Moody Fund 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 07/2023, Moody Fund For The Arts generated $391.7k 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 (41.7%) each year. All expenses for the organization totaled $481.8k during the year ending 07/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Moody Fund For The Arts has awarded 168 individual grants totaling $1,375,500. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE CULTURAL ECOSYSTEM OF DALLAS, TX THROUGH GRANT-MAKING TO SMALL ARTS ORGS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS RANGING FROM $4,750 TO $12,000 WERE AWARDED TO 52 ORGANIZATIONS TO SUPPORT THE ARTS IN THE CITY OF DALLAS, TEXAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frederick B Hegi Jr Chairman Of The Board | OfficerTrustee | 1 | $0 |
Mark Kreditor Vice Chairman Of The Board | OfficerTrustee | 1 | $0 |
Dan Boeckman Member Of The Board | Trustee | 1 | $0 |
Nancy Strauss Halbreich Member Of The Board | Trustee | 1 | $0 |
Sara Madsen Miller Member Of The Board | Trustee | 1 | $0 |
Christopher Heinbaugh Secretary | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $253,127 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $138,597 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $391,724 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $400,115 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| 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 | $56,326 |
| Fees for services: Other | $0 |
| Advertising and promotion | $792 |
| Office expenses | $24,586 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $481,819 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $90,600 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $10,873,452 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,557 |
| Total assets | $10,973,609 |
| Accounts payable and accrued expenses | $35,439 |
| Grants payable | $0 |
| 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 | $35,439 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $10,938,170 |
| 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 | $10,973,609 |
Grants Awarded
Over the last fiscal year, Dallas Center For The Performing Arts Endowment Inc has awarded $280,000 in support to 37 organizations.
| Grant Recipient | Amount |
|---|---|
ARTS MISSION OAK CLIFF PURPOSE: GENERAL PROGRAM & OPERATING COST SUPPORT | $12,000 |
SOUL REP THEATRE COMPANY PURPOSE: GENERAL PROGRAM & OPERATING COST SUPPORT | $12,000 |
TEATRO DALLAS PURPOSE: COMMUNITY PERFORMANCE/ARTIST-IN-RESIDENCY PROGRAMS | $12,000 |
ARTSTILLERY NONPROFIT PURPOSE: GENERAL PROGRAM & OPERATING COST SUPPORT | $10,000 |
AVANT CHAMBER BALLET PURPOSE: GENERAL PROGRAM & OPERATING COST SUPPORT | $10,000 |
PRISM MOVEMENT THEATER PURPOSE: GENERAL PROGRAM & OPERATING COST SUPPORT | $10,000 |