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Nonprofiteer
← DALLAS CENTER FOR THE PERFORMING ARTS ENDOWMENT INC

Form 990 for tax year 2022

Filed by DALLAS CENTER FOR THE PERFORMING ARTS ENDOWMENT INC.

Totals

Total revenue
$391,724
Total expenses
$481,819
Contributions and grants received
$0
Grants paid
$400,115
Program service revenue
$0
Investment income
$391,724
Other revenue
$0
Total assets, end of year
$10,973,609
Total liabilities, end of year
$35,439
Net assets or fund balances, end of year
$10,938,170
Program services expenses (Part IX)
$400,907
Management and general expenses
$80,912
Fundraising expenses
$0
Program service expenses (Part III)
$400,907

Program services were 83.2% 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 $253,127 · excluded $253,127

  • 7a · Gross sales of assets other than inventory

    securities $3,937,791

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

    securities $3,799,194

  • 7c · Gain or loss

    securities $138,597

  • 7d · Net gain or loss

    total $138,597 · excluded $138,597

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $400,115 · program services $400,115

  • 11f · Fees: investment management

    total $56,326 · management and general $56,326

  • 12 · Advertising and promotion

    total $792 · program services $792

  • 13 · Office expenses

    total $24,586 · management and general $24,586

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $240,425 · end of year $90,600

  • 11 · Investments: publicly traded securities

    beginning of year $10,363,537 · end of year $10,873,452

  • 15 · Other assets

    beginning of year $12,438 · end of year $9,557

  • 17 · Accounts payable and accrued expenses

    beginning of year $19,546 · end of year $35,439

  • 28 · Net assets with donor restrictions

    beginning of year $10,596,854 · end of year $10,938,170

Mission and programs · 2022

Mission

TO SUPPORT AND ENHANCE SMALL PERFORMING ARTS ORGANIZATIONS THAT CREATE, PERFORM AND DISPLAY ART IN DALLAS, TEXAS BY GRANT-MAKING THROUGH THE MOODY FUND FOR THE ARTS.

Activities or mission (Part I)

TO SUPPORT THE CULTURAL ECOSYSTEM OF DALLAS, TX THROUGH GRANT-MAKING TO SMALL ARTS ORGS.

  • GRANTS RANGING FROM $4,750 TO $12,000 WERE AWARDED TO 52 ORGANIZATIONS TO SUPPORT THE ARTS IN THE CITY OF DALLAS, TEXAS.

    Expenses $400,907 · Grants $400,115

As filed on the 2022 return.

Listed in Part VII

  • Frederick B Hegi Jr

    CHAIRMAN OF THE BOARD

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Mark Kreditor

    VICE CHAIRMAN OF THE BOARD

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Dan Boeckman

    MEMBER OF THE BOARD

    Total calculated
    $0
    Hours/week
    1

  • Nancy Strauss Halbreich

    MEMBER OF THE BOARD

    Total calculated
    $0
    Hours/week
    1

  • Sara Madsen Miller

    MEMBER OF THE BOARD

    Total calculated
    $0
    Hours/week
    1

  • Christopher Heinbaugh

    SECRETARY

    Total calculated
    $186,093
    From this org
    $0
    From related orgs
    $173,576
    Other
    $12,517
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $173,576 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $2,000 related
    Nontaxable benefits
    $0 + $10,517 related
    Filer's total
    $0 + $186,093 related

  • Konrad Rudnicki

    TREASURER

    Total calculated
    $247,288
    From this org
    $0
    From related orgs
    $230,745
    Other
    $16,543
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $230,745 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $2,000 related
    Nontaxable benefits
    $0 + $14,543 related
    Filer's total
    $0 + $247,288 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

None.

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

The filer's explanations (Part III)

PART I, LINE 3
THE SECRETARY AND TREASURER OF THIS ORGANIZATION SERVES AS EMPLOYEES OF A RELATED ORGANIZATION, DALLAS CENTER FOR THE PERFORMING ARTS FOUNDATION, INC, RESPECTIVELY. THEY RECEIVED COMPENSATION FROM RELATED ORGANIZATION. THE RELATED ORGANIZATION USES THE FOLLOWING METHODS TO ESTABLISH THEIR COMPENSATION: FORM 990 OF OTHER ORGANIZATIONS WRITTEN EMPLOYMENT CONTRACT COMPENSATION SURVEY OR STUDY APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE

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

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
2022
Filed
5 June 2024
IRS schema version
2022v5.0
Source object
202421589349300502

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

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