Texarts Association For Visual & Performing Arts
- Assets
- $145.5k
- Revenue
- $732.5k
- Investments
- $0.0
- Employees
- 4
- Location
- Lakeway, TX
- Founding
- 11/2006
- Data as of
- 08/2022
- EIN
- 86-1150456
Organization Overview
Texarts Association For Visual & Performing Arts is located in Lakeway, TX. The organization was established in 2006. 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 08/2023, Texarts Association For Visual & Performing Arts employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texarts Association For Visual & Performing 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 08/2022, Texarts Association For Visual & Performing Arts generated $732.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $737.5k during the year ending 08/2022. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 7 years. 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
TEXARTS IS AN ARTS EDUCATION AND PERFORMANCE DESTINATION THAT BUILDS CHARACTER, PROFESSIONALISM, AND CAREERS. ITS MISSION IS TO CULTIVATE A THRIVING ARTS COMMUNITY BY EXPOSING ALL PEOPLE TO THE VISUAL AND PERFORMING ARTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MUSIC THEATER ACADEMY: PROCESS-BASED INSTRUCTION IN MUSIC, DANCE, AND THEATER FOR YOUNG PEOPLE AGES SEVEN THROUGH COLLEGE AND SOME ADULT CLASSES. INSTRUCTION IS GIVEN BY CORE AUSTIN AREA PROFESSIONALS AS WELL AS REGULARLY VISITING GUEST ARTISTS/TEACHERS FROM BROADWAY FILM, TELEVISION, AND TOP UNIVERSITY PROGRAMS, NATION-WIDE. THIS PROGRAM IS CONDUCTED YEAR-ROUND.PERFORMANCE/PRODUCTION SERIES: PROFESSIONAL PERFORMANCES OF CLASSIC AMERICAN MUSICALS INCORPORATING A HANDFUL OF BROADWAY PERFORMERS, DIRECTORS, AND/OR CHOREOGRAPHERS AND/OR MUSICAL DIRECTORS WITH AUSTIN AND CENTRAL TEXAS PROFESSIONALS AS WELL AS TEXARTS' MUSICAL THEATER ACADEMY STUDENTS. GUESTS ARTISTS STRIVE TO "GIVE BACK" PROFESSIONAL EXPERTISE AND SKILL.GENERAL PROGRAMS - EXPENSES THAT BENEFIT THE OVERALL EXEMPT PURPOSES OF TEXARTS AND THE PROGRAMS LISTED ABOVE, SUCH AS PERSONNEL COSTS, OCCUPANCY, AND OTHER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandy Cox Exec Director | Officer | 40 | $28,615 |
Natanya Anderson Chairperson | OfficerTrustee | 1 | $0 |
John W Holcroft Director | Trustee | 1 | $0 |
Ada Jerman Director | Trustee | 1 | $0 |
Sylvia Kehle Director | Trustee | 1 | $0 |
Nikki Rex Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $56,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $155,029 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $211,529 |
| Total Program Service Revenue | $512,464 |
| Investment income | $151 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $2,341 |
| 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 | $3,706 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $732,456 |
| 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. | $86,000 |
| Compensation of current officers, directors, key employees. | $21,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $59,945 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,916 |
| Payroll taxes | $13,366 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,839 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $194,597 |
| Advertising and promotion | $46,404 |
| Office expenses | $10,763 |
| Information technology | $2,686 |
| Royalties | $16,852 |
| Occupancy | $200,539 |
| Travel | $9,716 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,237 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $9,368 |
| All other expenses | $5,341 |
| Total functional expenses | $737,490 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,903 |
| Savings and temporary cash investments | $106,223 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $26,352 |
| Total assets | $145,478 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $145,478 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $145,478 |