What the amendment changed
Compared with the return it replaced , filed 23 February 2024. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.
- Program services expenses
- $11,744,499 changed to $11,743,973
- Management and general expenses
- $4,823,734 changed to $4,824,260
- Program service expenses (Part III)
- $11,744,499 changed to $11,743,973
Totals
- Total revenue
- $18,502,934
- Total expenses
- $16,568,233
- Contributions and grants received
- $10,458,443
- Grants paid
- $90,000
- Program service revenue
- $486,772
- Investment income
- $6,766,077
- Other revenue
- $791,642
- Total assets, end of year
- $75,329,173
- Total liabilities, end of year
- $647,927
- Net assets or fund balances, end of year
- $74,681,246
- Program services expenses (Part IX)
- $11,743,973
- Management and general expenses
- $4,824,260
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $11,743,973
Program services were 70.9% 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.
-
1b · Membership dues
$1,070,954
-
1d · Related organizations
$6,936,084
-
1f · All other contributions, gifts and grants
$2,451,405
-
2a · Program service revenue: EXHIBITIONS
total $461,640 · related or exempt $461,640
-
2b · Program service revenue: ART EDUCATION
total $25,132 · related or exempt $25,132
-
3 · Investment income
total $6,766,077 · excluded $6,766,077
-
5 · Royalties
total $24,404 · excluded $24,404
-
6a · Gross rents
real property $10,025
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $10,025
-
6d · Net rental income or loss
total $10,025 · excluded $10,025
-
10a · Gross sales of inventory
$1,217,882
-
10b · Cost of goods sold
$601,003
-
10c · Net income from sales of inventory
total $616,879 · related or exempt $616,879
-
11a · Other revenue: MISCELLANEOUS
total $140,334 · excluded $140,334
-
11e · Other revenue, total
$140,334
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $90,000 · program services $90,000
-
5 · Compensation of officers, directors and key employees
total $1,246,278 · program services $569,288 · management and general $676,990
-
7 · Other salaries and wages
total $4,535,755 · program services $1,650,561 · management and general $2,885,194
-
8 · Pension plan contributions
total $229,085 · program services $87,393 · management and general $141,692
-
9 · Other employee benefits
total $425,002 · program services $162,134 · management and general $262,868
-
10 · Payroll taxes
total $390,193 · program services $148,854 · management and general $241,339
-
11b · Fees: legal
total $5,812 · management and general $5,812
-
11c · Fees: accounting
total $68,165 · management and general $68,165
-
11g · Fees: other
total $91,914 · management and general $91,914
-
13 · Office expenses
total $374,130 · program services $374,130
-
14 · Information technology
total $1,064 · program services $1,064
-
16 · Occupancy
total $835,595 · program services $668,476 · management and general $167,119
-
17 · Travel
total $174,363 · program services $174,363
-
22 · Depreciation, depletion and amortization
total $513,478 · program services $410,783 · management and general $102,695
-
23 · Insurance
total $539,047 · program services $539,047
-
24a · Other expenses: ART AND LIBRARY ACCESSI
total $3,285,840 · program services $3,285,840
-
24b · Other expenses: EXHIBITIONS
total $1,731,008 · program services $1,731,008
-
24c · Other expenses: EQUIPMENT RENTAL & MAIN
total $900,113 · program services $720,091 · management and general $180,022
-
24d · Other expenses: MEMBERSHIPS
total $617,765 · program services $617,765
-
24e · All other expenses
total $513,626 · program services $513,176 · management and general $450
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $4,002,088 · end of year $1,484,808
-
2 · Savings and temporary cash investments
beginning of year $1,043,390 · end of year $7,325,874
-
3 · Pledges and grants receivable
beginning of year $44,625 · end of year $0
-
4 · Accounts receivable
beginning of year $1,005,331 · end of year $0
-
8 · Inventories for sale or use
beginning of year $147,230 · end of year $238,019
-
9 · Prepaid expenses and deferred charges
beginning of year $758,264 · end of year $1,003,422
-
10a · Land, buildings and equipment: cost or other basis
$8,564,176
-
10b · Land, buildings and equipment: accumulated depreciation
$6,329,634
-
10c · Land, buildings and equipment, net
beginning of year $2,045,587 · end of year $2,234,542
-
12 · Investments: other securities
beginning of year $57,093,581 · end of year $59,077,407
-
14 · Intangible assets
beginning of year $0 · end of year $255,466
-
15 · Other assets
beginning of year $4,433,405 · end of year $3,709,635
-
17 · Accounts payable and accrued expenses
beginning of year $157,037 · end of year $643,640
-
19 · Deferred revenue
beginning of year $3,031 · end of year $4,287
-
27 · Net assets without donor restrictions
beginning of year $12,187,173 · end of year $14,349,722
-
28 · Net assets with donor restrictions
beginning of year $58,226,260 · end of year $60,331,524
Mission and programs · 2022
Mission
THE FORT WORTH ART ASSOCATION, A TEXAS NON-PROFIT CORPORATION, WAS ESTABLISHED TO ACQUIRE A COLLECTION OF WORKS OF MODERN ART OF THE HIGHEST QUALITY AND TO PROMULGATE AND MAINTAIN A PROGRAM OF ART ACTIVITIES AND ART EDUCATION IN FORT WORTH, TEXAS, FOR PUBLIC USE AND BENEFIT. THE ASSOCIATION STRIVES TO PROVIDE EDUCATIONAL ENJOYMENT IN MODERN ART, TO PRESERVE THE ART HOLDINGS OF THE ASSOCIATION AND TO CREATE PUBLIC APPRECIATION FOR SUCH ART BY ITS APPROPRIATE DISPLAY.
-
THE FORT WORTH ART ASSOCIATION WAS ESTABLISHED TO ACQUIRE A COLLECTION OF WORKS OF MODERN ART OF THE HIGHEST QUALITY AND TO PROMULGATE AND MAINTAIN A PROGRAM OF ART ACTIVITIES AND ART EDUCATION IN FORT WORTH, TEXAS, FOR PUBLIC USE AND BENEFIT.
Expenses $11,743,973 · Grants $90,000 · Revenue $1,103,651
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Rozanne RosenthalROZANNE ROSENTHAL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Terry MontesiTERRY MONTESI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Suzy WilliamsSUZY WILLIAMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Suzanne LevySUZANNE LEVY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Stuart SchultzSTUART SCHULTZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Stacie McDavidSTACIE MCDAVID
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Sally EhrhartSALLY EHRHART
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Pollard RogersPOLLARD ROGERS
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.1
-
Robin BumsteadROBIN BUMSTEAD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Raymond B Kelly IIIRAYMOND B KELLY III
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Randall HudsonRANDALL HUDSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Rafael GarzaRAFAEL GARZA
PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.1 + 0.5 related
-
Michael CormanMICHAEL CORMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Pamela Corbett MurrinPAMELA CORBETT MURRIN
EXECUTIVE COMMITTEE
- Total calculated
- $0
- Hours/week
- 0.1
-
Michelle BlairMICHELLE BLAIR
EXECUTIVE COMMITTEE
- Total calculated
- $0
- Hours/week
- 0.1
-
Kim DardenKIM DARDEN
EXECUTIVE COMMITTEE
- Total calculated
- $0
- Hours/week
- 0.1 + 1 related
-
Michael BornitzMICHAEL BORNITZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Megan BoschiniMEGAN BOSCHINI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Mary Ralph LoweMARY RALPH LOWE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Marsland MoncriefMARSLAND MONCRIEF
CHAIRMAN OF THE BOARD
- Total calculated
- $0
- Hours/week
- 0.1 + 1 related
-
Marsha KleinheinzMARSHA KLEINHEINZ
EXECUTIVE COMMITTEE
- Total calculated
- $0
- Hours/week
- 0.1
-
Mark ThistlethwaiteMARK THISTLETHWAITE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Marcus SnyderMARCUS SNYDER
TREASURER
- Total calculated
- $0
- Hours/week
- 0.1 + 1 related
-
Lee TennisonLEE TENNISON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Lee M BassLEE M BASS
EXECUTIVE COMMITTEE
- Total calculated
- $0
- Hours/week
- 0.1
-
L Charles Weatherby JrL CHARLES WEATHERBY JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Kit MoncriefKIT MONCRIEF
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Kimbell WynneKIMBELL WYNNE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Mitzi DavisMITZI DAVIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Kaydee BaileyKAYDEE BAILEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Windi GrimesWINDI GRIMES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Kathleen HicksKATHLEEN HICKS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Monk WhiteMONK WHITE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Alyce JonesALYCE JONES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Julie KlebergJULIE KLEBERG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Charlene MarshCHARLENE MARSH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Georgina CondreyGEORGINA CONDREY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Gail GranekGAIL GRANEK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Gail RawlGAIL RAWL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Dana KellyDANA KELLY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Susanna Gorski BartolomeiSUSANNA GORSKI BARTOLOMEI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Howard HallamHOWARD HALLAM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Greg IbanezGREG IBANEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Gunnie CorbettGUNNIE CORBETT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
J Patrick CollinsJ PATRICK COLLINS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Janie HarperJANIE HARPER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Jay SandelinJAY SANDELIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Joe Minton JrJOE MINTON JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Cornelia BlakeCORNELIA BLAKE
EXECUTIVE COMMITTEE
- Total calculated
- $0
- Hours/week
- 0.1
-
Bruce PettyBRUCE PETTY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Carter BowdenCARTER BOWDEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Jonathan NedrelowJONATHAN NEDRELOW
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Carla ThompsonCARLA THOMPSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Jonathan MorrisJONATHAN MORRIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Bob GinsburgBOB GINSBURG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Blaine SmithBLAINE SMITH
EXECUTIVE COMMITTEE
- Total calculated
- $0
- Hours/week
- 0.1
-
Beth GideonBETH GIDEON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Asad DeanASAD DEAN
EXECUTIVE COMMITTEE
- Total calculated
- $0
- Hours/week
- 0.1
-
Anne Marie BrattonANNE MARIE BRATTON
EXECUTIVE COMMITTEE
- Total calculated
- $0
- Hours/week
- 0.1
-
Ann RyanANN RYAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Andrew BlakeANDREW BLAKE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Ames FenderAMES FENDER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Amar TannaAMAR TANNA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1 + 0.5 related
-
Allison WagnerALLISON WAGNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
John ForestnerJOHN FORESTNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Kay FortsonKAY FORTSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Albert S KomatsuALBERT S KOMATSU
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Andrea KarnesANDREA KARNES
CHIEF CURATOR
- Total calculated
- $215,847
- From this org
- $191,618
- From related orgs
- $0
- Other
- $24,229
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $191,618
- Bonus
- $0
- Other
- $0
- Deferred
- $11,496
- Nontaxable benefits
- $12,733
- Filer's total
- $215,847
-
Jo GarwoodJO GARWOOD
CHIEF FINANCIAL OFFICER
- Total calculated
- $312,860
- From this org
- $298,608
- From related orgs
- $0
- Other
- $14,252
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $214,239
- Bonus
- $84,369
- Other
- $0
- Deferred
- $12,853
- Nontaxable benefits
- $1,399
- Filer's total
- $312,860
-
Marla PriceMARLA PRICE
MUSEUM DIRECTOR
- Total calculated
- $664,780
- From this org
- $628,032
- From related orgs
- $0
- Other
- $36,748
- Hours/week
- 35
Schedule J breakdown matched by us
- Base
- $499,606
- Bonus
- $128,426
- Other
- $0
- Deferred
- $27,000
- Nontaxable benefits
- $9,748
- Filer's total
- $664,780
-
Plez TransouPLEZ TRANSOU
DIRECTOR OF SECURITY FIRE-
- Total calculated
- $148,260
- From this org
- $124,996
- From related orgs
- $0
- Other
- $23,264
- Hours/week
- 35
-
Scott GrantSCOTT GRANT
FACILITIES MANAGER
- Total calculated
- $121,867
- From this org
- $107,324
- From related orgs
- $0
- Other
- $14,543
- Hours/week
- 35
-
Terri ThorntonTERRI THORNTON
CURATOR OF EDUCATION (PARTIAL YEAR)
- Total calculated
- $112,210
- From this org
- $104,685
- From related orgs
- $0
- Other
- $7,525
- Hours/week
- 35
-
Angela TuckerANGELA TUCKER
DIRECTOR OF HUMAN RESOURCE
- Total calculated
- $127,507
- From this org
- $120,344
- From related orgs
- $0
- Other
- $7,163
- Hours/week
- 35
-
Brent MitchellBRENT MITCHELL
HEAD OF EXHIBITION / COLLECTION
- Total calculated
- $122,924
- From this org
- $107,382
- From related orgs
- $0
- Other
- $15,542
- Hours/week
- 35
-
Ashley JensenASHLEY JENSEN
CTO
- Total calculated
- $130,170
- From this org
- $115,000
- From related orgs
- $0
- Other
- $15,170
- Hours/week
- 35
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
- 1a · Housing allowance or residence for personal use
- 1b · Written policy on the line-1a expenses
- 3 · Compensation committee
- 3 · Written employment contract
- 3 · Approval by the board or compensation committee
Answered no
- 2 · Substantiation required before reimbursing expenses
- 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
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
-
GENERAL OPERATIONS
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 MODERN ART MUSEUM ASSOCIATION
501(C)(3) · OWNS THE PERSONAL RESIDENCE WHERE THE MUSEUM DIRECTOR LIVES. · TX · controlled entity
Directly controlled by FORT WORTH ART ASSOCIATION
-
501(C)(3) · OWNS MUSEUM BUILDING AND PROVIDES CONTRIBUTIONS TO THE ORGANIZATION. · TX
-
FORT WORTH ART ASSOCIATION ENDOWMENT FOUNDATION
501(C)(3) · PROVIDES CONTRIBUTIONS TO THE ORGANIZATION. · TX
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 30 January 2025
- IRS schema version
- 2022v5.0
- Source object
- 202500389349301215
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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