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← CULLEN TRUST FOR THE PERFORMING ARTS

Form 990 for tax year 2023

Filed by CULLEN TRUST FOR THE PERFORMING ARTS.

Totals

Total revenue
$9,784,297
Total expenses
$4,867,637
Contributions and grants received
$0
Grants paid
$3,894,500
Program service revenue
$0
Investment income
$9,784,297
Other revenue
$0
Total assets, end of year
$104,280,475
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$104,280,475
Program services expenses (Part IX)
$3,894,500
Management and general expenses
$973,137
Fundraising expenses
$0
Program service expenses (Part III)
$3,894,500

Program services were 80.0% 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.

  • 3 · Investment income

    total $3,766,446 · excluded $3,766,446

  • 7a · Gross sales of assets other than inventory

    securities $21,325,570

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

    securities $15,307,719

  • 7c · Gain or loss

    securities $6,017,851

  • 7d · Net gain or loss

    total $6,017,851 · excluded $6,017,851

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,894,500 · program services $3,894,500

  • 11a · Fees: management

    total $26,091 · management and general $26,091

  • 11c · Fees: accounting

    total $15,150 · management and general $15,150

  • 11f · Fees: investment management

    total $762,550 · management and general $762,550

  • 11g · Fees: other

    total $168,257 · management and general $168,257

  • 13 · Office expenses

    total $1,089 · management and general $1,089

Balance sheet

Part X, book values.

  • 11 · Investments: publicly traded securities

    beginning of year $89,362,539 · end of year $94,279,199

  • 12 · Investments: other securities

    beginning of year $10,001,276 · end of year $10,001,276

  • 29 · Capital stock, trust principal or current funds

    beginning of year $95,404,548 · end of year $104,280,475

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $3,959,267 · end of year $0

Mission and programs · 2023

Mission

The Cullen Trust for the Performing Arts operates for the benefit of performing arts institutions within the State of Texas, primarily with respect to such institutions within the Greater Metropolitan Houston area.

Activities or mission (Part I)

The Cullen Trust for the Performing Arts (CTPA) operates for the benefit of performing arts institutions within the State of Texas, primarily with respect to such institutions within the Greater Metropolitan Houston area.

  • The Cullen Trust for the Performing Arts is a public charitable trust created as a supporting organization for the benefit of performing arts institutions in the State of Texas, primarily for institutions in the Greater Metropolitan Houston area. The Trust Agreement governing The Cullen Trust for the Performing Arts provides that each of the beneficiaries must be an organization that is described in section 501(c)(3) and is other than a private foundation within the meaning of section 509(a). In this Form 990 all section references are to sections of the Internal Revenue Code unless otherwise noted. As a matter of policy, the Trust does not make grants to organizations that are supporting organizations within the meaning of section 509(a)(3).

    Expenses $3,894,500 · Grants $3,894,500

As filed on the 2023 return.

Listed in Part VII

  • Cornelia Zilkha

    Chair

    Total calculated
    $0
    Hours/week
    1

  • Carroll R Ray

    Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • Louisa Sarofim

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Daniel Zilkha

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Chris Joseph

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Cornelia C Long

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Isabel Lummis

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Rose Hochner Nelson

    Trustee

    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

The 10 largest by cash amount. The API serves every itemized grant.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
7 November 2024
IRS schema version
2023v5.1
Source object
202413129349300726

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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