Totals
- Total revenue
- $276,877
- Total expenses
- $240,202
- Contributions and grants received
- $77,212
- Grants paid
- $130,000
- Program service revenue
- $190,066
- Investment income
- $0
- Other revenue
- $9,599
- Total assets, end of year
- $71,468
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $71,468
- Program services expenses (Part IX)
- $240,202
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $240,202
Program services were 100.0% 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.
-
1f · All other contributions, gifts and grants
$77,212
-
2a · Program service revenue: Ticket Sales
total $190,066 · related or exempt $190,066
-
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
-
10a · Gross sales of inventory
$11,627
-
10b · Cost of goods sold
$2,028
-
10c · Net income from sales of inventory
total $9,599 · related or exempt $9,599
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $130,000 · program services $130,000
-
2 · Grants to domestic individuals
total $0
-
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 $2,500 · program services $2,500
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
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 $0
-
24a · Other expenses: EVENT FOOD AND BEVERAGES
total $54,353 · program services $54,353
-
24b · Other expenses: GALA PRODUCTION FEES
total $27,500 · program services $27,500
-
24c · Other expenses: COMMISSIONS ON TICKET SALES
total $10,000 · program services $10,000
-
24d · Other expenses: TICKETING SYSTEM FEES
total $4,690 · program services $4,690
-
24e · All other expenses
total $11,159 · program services $11,159
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $34,766 · end of year $71,468
-
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
beginning of year $27 · end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$7,778
-
10b · Land, buildings and equipment: accumulated depreciation
$7,778
-
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
-
27 · Net assets without donor restrictions
beginning of year $34,793 · end of year $71,468
Mission and programs · 2024
Mission
The foundation has been organized for the primary purpose to raise donations that will be used to promote appreciation of the arts in Dallas County, Texas. The Foundation will conduct an annual fund raising event to be called the Dallas Art Fair Gala (the Gala). Patrons of the arts community will be invited to make donations through the purchase of tickets to attend this educational event and celebration of the arts. All proceeds from the Gala will be distributed to charitable or educational beneficiaries in the arts community. The charitable and educational beneficiaries of the proceeds from the Gala will be selected each year by the directors of the Foundation based on merit and need.
-
Dallas Art Fair Foundation (DAFF) promotes national and international education and appreciation in art, culture and humanities through fund raising and fund distribution. DAFF provides grants and awards to other charitable organizations. This year, a total of $130,000 was granted to Dallas Contemporary, Dallas Museum of Art,Nasher Sculpture Center, and Booker T. High School for the Performing and Visual Arts through the DAFF benefit gala held in April.
Expenses $240,202 · Grants $130,000 · Revenue $276,877
As filed on the 2024 return.
Listed in Part VII
-
Marlene Fogarty SugrueMARLENE FOGARTY SUGRUE
Director
- Total calculated
- $0
- Hours/week
- 1
-
Cliff RismanCLIFF RISMAN
Director
- Total calculated
- $0
- Hours/week
- 1
-
Christina JafarCHRISTINA JAFAR
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mita SternMITA STERN
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Chris StewartCHRIS STEWART
Director
- Total calculated
- $0
- Hours/week
- 1
-
David LiuDAVID LIU
Chairman/dir
- Total calculated
- $0
- Hours/week
- 1
-
Jennifer KlosJENNIFER KLOS
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Rod SagerROD SAGER
Director
- 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
-
$40,000
-
$40,000
-
$40,000
-
$10,000
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 28 July 2025
- IRS schema version
- 2024v5.2
- Source object
- 202542099349300769
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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