Form 990 for tax year 2024

Filed by FORT WORTH MODERN ART MUSEUM ASSOC.

Totals

Total revenue: $228,422
Total expenses: $46,327
Contributions and grants received: $150,000
Grants paid: $0
Program service revenue: $0
Investment income: $0
Other revenue: $78,422
Total assets, end of year: $4,942,856
Total liabilities, end of year: $36,054
Net assets or fund balances, end of year: $4,906,802
Program services expenses (Part IX): $0
Management and general expenses: $46,327
Fundraising expenses: $0
Program service expenses (Part III): not reported

Program services were 0.0% 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.

1d · Related organizations

$150,000
6a · Gross rents

real property $388,861
6b · Less rental expenses

real property $377,177
6c · Rental income or loss

real property $11,684
6d · Net rental income or loss

total $11,684 · related or exempt $11,684
11a · Other revenue: INSURANCE PROCEEDS

total $66,738 · related or exempt $66,738
11e · Other revenue, total

$66,738

Functional expenses

Part IX, the statement of functional expenses.

11c · Fees: accounting

total $3,500 · management and general $3,500
23 · Insurance

total $31,737 · management and general $31,737
24a · Other expenses: MISCELLANEOUS

total $11,090 · management and general $11,090

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $152,004 · end of year $227,617
10a · Land, buildings and equipment: cost or other basis

$4,943,635
10b · Land, buildings and equipment: accumulated depreciation

$228,396
10c · Land, buildings and equipment, net

beginning of year $4,712,657 · end of year $4,715,239
17 · Accounts payable and accrued expenses

beginning of year $114,954 · end of year $36,054
25 · Other liabilities

beginning of year $25,000 · end of year $0
27 · Net assets without donor restrictions

beginning of year $4,724,707 · end of year $4,906,802

Mission and programs · 2024

Mission

THE FORT WORTH MODERN ART MUSEUM ASSOCIATION WAS ESTABLISHED TO SOLICIT AND RECEIVE DONATIONS FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND TO CARRY OUT THE PURPOSES OF THE FORT WORTH ART ASSOCIATION.

As filed on the 2024 return.

Listed in Part VII

Kim DardenKIM DARDEN

PRESIDENT/DIRECTOR

Total calculated

$0

Hours/week

1 + 0.1 related
Marcus SnyderMARCUS SNYDER

TREASURER/DIRECTOR

Total calculated

$0

Hours/week

1 + 0.1 related
Marsland MoncriefMARSLAND MONCRIEF

CHAIRMAN OF THE BOARD

Total calculated

$0

Hours/week

1 + 0.1 related

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

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

FORT WORTH ART ASSOCIATION

501(C)(3) · ACQUIRES A COLLECTION OF WORKS OF MODERN ART · TX

Directly controlled by FORT WORTH ART ASSOCIATION

Provenance

Return type: form_990
Tax year: 2024
Filed: 30 March 2026
IRS schema version: 2024v5.5
Source object: 202601279349302585

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