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← TEXAS CULTURAL TRUST COUNCIL

Form 990 for tax year 2023

Filed by TEXAS CULTURAL TRUST COUNCIL.

Totals

Total revenue
$1,988,575
Total expenses
$2,144,356
Contributions and grants received
$1,315,136
Grants paid
$157,000
Program service revenue
$532,484
Investment income
$140,955
Other revenue
$0
Total assets, end of year
$8,199,614
Total liabilities, end of year
$886,993
Net assets or fund balances, end of year
$7,312,621
Program services expenses (Part IX)
$1,843,622
Management and general expenses
$220,365
Fundraising expenses
$80,369
Program service expenses (Part III)
$1,843,622

Program services were 86.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $331,075

  • 1f · All other contributions, gifts and grants

    $984,061

  • 1g · Noncash contributions included above

    $20,089

  • 2a · Program service revenue: TX Women for the Arts

    total $309,955 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Partners in the Arts

    total $330 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: We Love Austin Music

    total $1,350 · unrelated business $0 · excluded $0

  • 2d · Program service revenue: Art Box

    total $16,357 · unrelated business $0 · excluded $0

  • 2e · Program service revenue: Young Masters

    total $203,675 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $817 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $141,008 · unrelated business $0 · excluded $141,008

  • 7a · Gross sales of assets other than inventory

    securities $1,266,292

  • 7b · Less cost or other basis and sales expenses

    securities $1,266,345

  • 7c · Gain or loss

    securities -$53

  • 7d · Net gain or loss

    total -$53 · related or exempt -$53 · unrelated business $0 · excluded $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $145,000 · program services $145,000

  • 2 · Grants to domestic individuals

    total $12,000 · program services $12,000

  • 5 · Compensation of officers, directors and key employees

    total $251,309 · program services $198,534 · management and general $35,183 · fundraising $17,592

  • 7 · Other salaries and wages

    total $514,596 · program services $406,531 · management and general $72,044 · fundraising $36,021

  • 8 · Pension plan contributions

    total $21,491 · program services $16,978 · management and general $3,009 · fundraising $1,504

  • 9 · Other employee benefits

    total $55,770 · program services $44,058 · management and general $7,808 · fundraising $3,904

  • 10 · Payroll taxes

    total $57,303 · program services $45,270 · management and general $8,022 · fundraising $4,011

  • 11c · Fees: accounting

    total $34,670 · program services $0 · management and general $34,670 · fundraising $0

  • 11f · Fees: investment management

    total $39,080 · program services $0 · management and general $39,080 · fundraising $0

  • 11g · Fees: other

    total $3,213 · program services $0 · management and general $3,213 · fundraising $0

  • 12 · Advertising and promotion

    total $34,788 · program services $29,918 · management and general $2,435 · fundraising $2,435

  • 13 · Office expenses

    total $34,973 · program services $30,077 · management and general $2,448 · fundraising $2,448

  • 14 · Information technology

    total $15,026 · program services $12,922 · management and general $1,052 · fundraising $1,052

  • 16 · Occupancy

    total $125,255 · program services $107,719 · management and general $8,768 · fundraising $8,768

  • 19 · Conferences, conventions and meetings

    total $19,245 · program services $16,551 · management and general $1,347 · fundraising $1,347

  • 22 · Depreciation, depletion and amortization

    total $15,007 · program services $12,906 · management and general $1,050 · fundraising $1,051

  • 23 · Insurance

    total $3,372 · program services $2,900 · management and general $236 · fundraising $236

  • 24a · Other expenses: Texas Women for the Arts

    total $485,739 · program services $485,739 · management and general $0 · fundraising $0

  • 24b · Other expenses: Young Masters

    total $75,585 · program services $75,585 · management and general $0 · fundraising $0

  • 24c · Other expenses: Art Can

    total $125,414 · program services $125,414 · management and general $0 · fundraising $0

  • 24d · Other expenses: Arts Access

    total $46,354 · program services $46,354 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $29,166 · program services $29,166 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $657,914 · end of year $425,637

  • 2 · Savings and temporary cash investments

    beginning of year $305,977 · end of year $274,124

  • 4 · Accounts receivable

    beginning of year $229,308 · end of year $314,888

  • 9 · Prepaid expenses and deferred charges

    beginning of year $15,588 · end of year $211,534

  • 10a · Land, buildings and equipment: cost or other basis

    $95,480

  • 10b · Land, buildings and equipment: accumulated depreciation

    $61,237

  • 10c · Land, buildings and equipment, net

    beginning of year $49,251 · end of year $34,243

  • 11 · Investments: publicly traded securities

    beginning of year $5,757,951 · end of year $6,875,349

  • 15 · Other assets

    beginning of year $179,368 · end of year $63,839

  • 17 · Accounts payable and accrued expenses

    beginning of year $16,197 · end of year $231,857

  • 19 · Deferred revenue

    beginning of year $286,235 · end of year $607,610

  • 25 · Other liabilities

    beginning of year $159,313 · end of year $47,526

  • 27 · Net assets without donor restrictions

    beginning of year $3,868,879 · end of year $4,058,244

  • 28 · Net assets with donor restrictions

    beginning of year $2,864,733 · end of year $3,254,377

Mission and programs · 2023

Mission

Public arts funding

  • Provide developmental services and solicit contributions from corporations, foundations, and the public in order to increase awareness and support for the arts in Texas, improve the quality of public education and stimulate economic growth, and to raise funds for the Texas Commission of the Arts.

    Expenses $1,843,622 · Grants $157,000 · Revenue $532,484

As filed on the 2023 return.

Listed in Part VII

  • Leslie Blanton

    Chair

    Total calculated
    $0
    Hours/week
    1

  • Leslie Ward

    Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • Marvin Blum

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Mindy Ellmer

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Pat Frost

    Development

    Total calculated
    $0
    Hours/week
    1

  • Michael Klein

    Nominations

    Total calculated
    $0
    Hours/week
    1

  • Daniel Jackson III

    Programs

    Total calculated
    $0
    Hours/week
    1

  • Kelli Blanton

    At-Large

    Total calculated
    $0
    Hours/week
    1

  • Linda LaMantia

    At-Large

    Total calculated
    $0
    Hours/week
    1

  • Lauren Anderson

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Brendon Anthony

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • John Beckworth

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Ray Benson

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Bruce Bugg Jr

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Ernest Butler

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Ito Deutsch

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Gay Gaddis

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Winell Herron

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Tisa Hibbs

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Alexis Hunter

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Renard Johnson

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Gene Jones

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Kathleen Keating

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Kathleen R Kennedy

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Charles Matthews

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Whitney Hyder More

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Nancy Murray

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Cabrina Owsley

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Jay Propes

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Marielle Lamy Quaid

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Corinna Holt Richter

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Judy Robison

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Karen Johnson Rove

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Tania Schwartz

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Nancy Seliger

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • The Honorable Joe Strauss III

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Mark Watson

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Pam Willeford

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Trisha Wilson

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Darrell Windham

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Heidi Marquez Smith

    Executive Director

    Total calculated
    $213,333
    From this org
    $213,333
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $251,309
    Bonus
    $0
    Other
    $0
    Deferred
    $7,200
    Nontaxable benefits
    $25,913
    Filer's total
    $284,422

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
10 December 2024
IRS schema version
2023v5.1
Source object
202403559349301850

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