Form 990 for tax year 2023
Filed by FRISCO ASSOCIATION FOR THE ARTS.
Totals
- Total revenue
- $545,671
- Total expenses
- $500,801
- Contributions and grants received
- $517,276
- Grants paid
- $433,334
- Program service revenue
- $28,395
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $61,439
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $61,439
- Program services expenses (Part IX)
- $464,184
- Management and general expenses
- $36,617
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $464,184
Program services were 92.7% 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.
-
1f · All other contributions, gifts and grants
$517,276
-
2a · Program service revenue: PROGRAM EVENTS
total $28,395 · related or exempt $28,395
-
3 · Investment income
total $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $230,000 · program services $230,000
-
2 · Grants to domestic individuals
total $203,334 · program services $203,334
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $9,000 · program services $2,550 · management and general $6,450
-
12 · Advertising and promotion
total $4,783 · program services $2,391 · management and general $2,392
-
13 · Office expenses
total $1,346 · management and general $1,346
-
14 · Information technology
total $5,259 · program services $1,315 · management and general $3,944
-
15 · Royalties
total $0
-
16 · Occupancy
total $10,354 · program services $5,177 · management and general $5,177
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $2,014 · program services $504 · management and general $1,510
-
24a · Other expenses: DUES & SUBSCRIPTIONS
total $9,021 · management and general $9,021
-
24b · Other expenses: AWARD EXPENSES
total $8,240 · program services $8,240
-
24c · Other expenses: FRISCO ART WALK EXPENSES
total $6,048 · program services $6,048
-
24d · Other expenses: OTHER EXPENSES
total $3,519 · management and general $3,519
-
24e · All other expenses
total $7,883 · program services $4,625 · management and general $3,258
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $48,591 · end of year $61,439
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
18 · Grants payable
beginning of year $23,761
-
27 · Net assets without donor restrictions
beginning of year $24,830 · end of year $61,439
Mission and programs · 2023
Mission
TO ADVANCE THE ARTS THROUGH ADVOCACY, OUTREACH AND EDUCATION, BUILDING A STRONGER COMMUNITY WITH THE ARTS.
Activities or mission (Part I)
To build a stronger community with the arts through advocacy, outreach, and education.
-
Arts Tourism Grant: Nonprofit arts organizations who offer quality programs benefiting the citizens of Frisco and increasing arts tourism to Frisco qualify for the annual Arts Tourism grants. The funding for these grants comes from a percentage of the Hotel Occupancy Tax, paid for by visitors to Frisco and approved by the Frisco City Council. The City of Frisco's Arts Tourism grant is managed by Frisco Arts Foundation. FRISCO ARTS WALK AND RUN: Support the ARTS and get heart healthy at the 3rd Annual Frisco Arts Walk and Run!! This family-friendly, immersive arts-themed 5K takes place along the beautiful grounds of HALL Park in Frisco, TX. Runners will be surrounded by the inspiring, award-winning sculptures of the HALL Collection, and the route will include pop-up music, art, theatre, and dance from our local arts community! Everyone will receive an arts-themed finisher medal, and top race winners will receive a unique art piece designed by local artists.Ladies Who Launch Grant Program: We recognize women as capable and driven entrepreneurs with great potential for success in the competitive marketplace. We celebrate women in business and welcome the positive impact small businesses in the arts have in our community. This grant is funded by generous donors of the Frisco Arts Foundation. We hosted a Grant celebration for our winners in 2022.
Expenses $464,184 · Grants $433,334 · Revenue $28,395
As filed on the 2023 return.
Listed in Part VII
-
Brad HuffBRAD HUFF
Director
- Total calculated
- $0
- Hours/week
- 1
-
Karen WhiteKAREN WHITE
Chairman
- Total calculated
- $0
- Hours/week
- 1
-
Will OdomWILL ODOM
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Donna SchmittlerDONNA SCHMITTLER
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Elizabeth MorrowELIZABETH MORROW
Director
- Total calculated
- $0
- Hours/week
- 1
-
Will PearceWILL PEARCE
Director
- Total calculated
- $0
- Hours/week
- 1
-
Ivy SunIVY SUN
Treasurer
- Total calculated
- $0
- Hours/week
- 1
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.
Grants on this return
-
$20,000
general support
-
$20,000
general support
-
$20,000
general support
-
$15,000
general support
-
$12,500
gneral support
-
$12,500
general support
-
$10,000
general support
-
GENERAL SUPPORT
-
$8,500
GENERAL SUPPORT
-
GENERAL SUPPORT
The 10 largest by cash amount. The API serves every itemized grant.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202423209349324757
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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