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Nonprofiteer
← DSM MANAGEMENT GROUP INC

Form 990 for tax year 2024

Filed by DSM MANAGEMENT GROUP INC.

Totals

Total revenue
$4,828,467
Total expenses
$3,645,003
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$4,828,467
Investment income
$0
Other revenue
$0
Total assets, end of year
$9,006,943
Total liabilities, end of year
$2,103,975
Net assets or fund balances, end of year
$6,902,968
Program services expenses (Part IX)
$2,927,605
Management and general expenses
$638,587
Fundraising expenses
$78,811
Program service expenses (Part III)
$2,927,605

Program services were 80.3% 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.

  • 2a · Program service revenue: PRESERVATION FEES

    total $1,240,410 · related or exempt $1,240,410

  • 2b · Program service revenue: RENTAL INCOME

    total $1,037,525 · related or exempt $1,037,525

  • 2c · Program service revenue: TENANT SERVICES/UTILITIES

    total $1,316,720 · related or exempt $1,316,720

  • 2d · Program service revenue: LOBBY SALES

    total $204,601 · related or exempt $204,601

  • 2e · Program service revenue: FOOD & BEVERAGE SALES

    total $776,798 · related or exempt $776,798

  • 2f · All other program service revenue

    total $252,413 · related or exempt $252,413 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $468,577 · program services $141,717 · management and general $326,860

  • 7 · Other salaries and wages

    total $369,322 · program services $277,307 · management and general $48,161 · fundraising $43,854

  • 9 · Other employee benefits

    total $73,121 · program services $63,928 · management and general $6,296 · fundraising $2,897

  • 10 · Payroll taxes

    total $48,981 · program services $28,942 · management and general $17,882 · fundraising $2,157

  • 11b · Fees: legal

    total $16,229 · management and general $16,229

  • 11c · Fees: accounting

    total $25,935 · management and general $25,935

  • 11g · Fees: other

    total $416,261 · program services $415,210 · management and general $900 · fundraising $151

  • 12 · Advertising and promotion

    total $18,903 · program services $18,903

  • 13 · Office expenses

    total $12,387 · management and general $12,387

  • 14 · Information technology

    total $4,392 · management and general $4,392

  • 16 · Occupancy

    total $461,518 · program services $365,558 · management and general $82,201 · fundraising $13,759

  • 19 · Conferences, conventions and meetings

    total $295 · management and general $295

  • 20 · Interest

    total $1,285 · management and general $1,285

  • 22 · Depreciation, depletion and amortization

    total $912,326 · program services $852,922 · management and general $50,887 · fundraising $8,517

  • 23 · Insurance

    total $47,010 · program services $43,950 · management and general $2,622 · fundraising $438

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $753,841 · program services $704,756 · management and general $42,047 · fundraising $7,038

  • 24b · Other expenses: OTHER EXPENSES

    total $14,620 · program services $14,412 · management and general $208

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $879,932 · end of year $137,571

  • 4 · Accounts receivable

    beginning of year $193,439 · end of year $138,454

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $11,401 · end of year $32,341

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

    $12,108,506

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

    $3,469,260

  • 10c · Land, buildings and equipment, net

    beginning of year $8,605,143 · end of year $8,639,246

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $123,230 · end of year $59,331

  • 17 · Accounts payable and accrued expenses

    beginning of year $817,104 · end of year $193,521

  • 19 · Deferred revenue

    beginning of year $430,035 · end of year $309,638

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $2,846,502 · end of year $1,600,816

  • 27 · Net assets without donor restrictions

    beginning of year $4,236,323 · end of year $5,236,806

  • 28 · Net assets with donor restrictions

    beginning of year $1,483,181 · end of year $1,666,162

Mission and programs · 2024

Mission

THE PURPOSE OF THE CORPORATION IS TO ASSIST BROADWAY DALLAS, INC., A TEXAS NON-PROFIT CORPORATION (WHOSE MISSION IS TO EDUCATE THE PUBLIC IN MUSIC APPRECIATION AND FINE ARTS, INCLUDING THE PRESENTATION OF MUSICAL THEATER AND OTHER SHOWS WITH EDUCATIONAL VALUE) IN MAINTAINING, OPERATING AND MANAGING PERFORMING ARTS BUILDINGS AND RELATED FACILITIES (INCLUDING BUILDINGS OWNED BY THE CITY OF DALLAS OR ANY OTHER GOVERNMENTAL ENTITY) AS PLACES OF PUBLIC ASSEMBLY FOR THE USE, BENEFIT AND ENJOYMENT OF THE PUBLIC, IN CARRYING OUT ITS EDUCATION, LITERARY AND CULTURAL PROGRAMS FOR CITIZENS OF THE NORTH TEXAS AREA.

Activities or mission (Part I)

OPERATE, MANAGE AND MAINTAIN THE MUSIC HALL AT FAIR PARK ON BEHALF OF THE CITY OF DALLAS. DSM MANAGEMENT GROUP, INC SUPPORTS BROADWAY DALLAS, INC.

  • DSM MANAGEMENT GROUP INC RENTS THE MUSIC HALL TO VARIOUS ARTS GROUPS INCLUDING BUT NOT LIMITED TO BROADWAY DALLAS, INC. FOR PERFORMANCES.

    Expenses $2,927,605 · Revenue $4,828,467

As filed on the 2024 return.

Listed in Part VII

  • Mark Cannon

    CHAIR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Adam Carter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Barry Epstein

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Gail Plummer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Michelle Mazzini

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Vince Bratton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Kenneth Novice

    PRESIDENT & CEO

    Total calculated
    $512,108
    From this org
    $215,825
    From related orgs
    $215,825
    Other
    $80,458
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $200,008 + $200,008 related
    Bonus
    $12,500 + $12,500 related
    Other
    $3,317 + $3,317 related
    Deferred
    $20,000 + $20,000 related
    Nontaxable benefits
    $20,229 + $20,229 related
    Filer's total
    $256,054 + $256,054 related

  • Mary Elizabeth Reich

    SENIOR VP OF BUSINESS ADMINISTRATION

    Total calculated
    $149,593
    From this org
    $0
    From related orgs
    $133,840
    Other
    $15,753
    Hours/week
    0 + 40 related

  • Vicky Brown

    SENIOR VP OF FINANCE

    Total calculated
    $253,288
    From this org
    $27,082
    From related orgs
    $189,576
    Other
    $36,630
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $24,561 + $171,929 related
    Bonus
    $2,433 + $17,029 related
    Other
    $88 + $618 related
    Deferred
    $105 + $735 related
    Nontaxable benefits
    $4,474 + $31,316 related
    Filer's total
    $31,661 + $221,627 related

  • Joseph Yoshitomi

    SENIOR VP AND GENERAL MANAGER

    Total calculated
    $258,330
    From this org
    $143,996
    From related orgs
    $95,998
    Other
    $18,336
    Hours/week
    24 + 16 related

    Schedule J breakdown matched by us

    Base
    $136,885 + $91,258 related
    Bonus
    $6,812 + $4,541 related
    Other
    $299 + $199 related
    Deferred
    $3,913 + $2,609 related
    Nontaxable benefits
    $7,088 + $4,726 related
    Filer's total
    $154,997 + $103,333 related

  • Michael Richman

    VP OF MARKETING AND PATRON EXP

    Total calculated
    $238,710
    From this org
    $32,694
    From related orgs
    $185,266
    Other
    $20,750
    Hours/week
    6 + 34 related

    Schedule J breakdown matched by us

    Base
    $31,463 + $178,294 related
    Bonus
    $939 + $5,319 related
    Other
    $292 + $1,653 related
    Deferred
    $1,110 + $6,289 related
    Nontaxable benefits
    $2,003 + $11,348 related
    Filer's total
    $35,807 + $202,903 related

  • Christopher Cook

    DIRECTOR OF PRODUCTION AND FACILITIES

    Total calculated
    $137,688
    From this org
    $45,953
    From related orgs
    $76,588
    Other
    $15,147
    Hours/week
    15 + 25 related

  • Jayne Basse

    VENUE ACCOUNTING MANAGER

    Total calculated
    $118,709
    From this org
    $15,739
    From related orgs
    $89,187
    Other
    $13,783
    Hours/week
    6 + 34 related

  • Victor Kaplan

    DIRECTOR OF IT

    Total calculated
    $140,514
    From this org
    $38,136
    From related orgs
    $88,985
    Other
    $13,393
    Hours/week
    12 + 28 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. 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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 3 ARRANGEMENT USED TO ESTABLISH THE TOP MANAGEMENT OFFICIAL'S COMPENSATION
BROADWAY DALLAS, A RELATED ORGANIZATION, DETERMINES THE COMPENSATION OF THE PRESIDENT OF DSM MANAGEMENT GROUP, INC USING THE FOLLOWING METHODS: - COMPENSATION COMMITTEE - WRITTEN EMPLOYMENT CONTRACT - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE
SCHEDULE J, PART I, LINE 4B SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN
KENNETH NOVICE PARTICIPATES IN A NONQUALIFIED 457(F) PLAN, WHICH INCLUDES ANNUAL DEFERRALS WHICH ARE SUBJECT TO A VESTING SCHEDULE. FOR 2024, THE AMOUNT DEFERRED IS $40,000 AND PAID IS $0.

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

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.

Provenance

Return type
form_990
Tax year
2024
Filed
9 September 2026
IRS schema version
2024v5.1
Source object
202612529349300716

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