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Nonprofiteer
← FAIR PARK FIRST

Form 990 for tax year 2024

Filed by FAIR PARK FIRST.

Totals

Total revenue
$21,995,243
Total expenses
$19,520,949
Contributions and grants received
$1,613,292
Grants paid
$0
Program service revenue
$0
Investment income
$29,917
Other revenue
$20,352,034
Total assets, end of year
$14,784,656
Total liabilities, end of year
$9,210,483
Net assets or fund balances, end of year
$5,574,173
Program services expenses (Part IX)
$16,932,333
Management and general expenses
$2,238,929
Fundraising expenses
$349,687
Program service expenses (Part III)
$16,932,333

Program services were 86.7% 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.

  • 1e · Government grants (contributions)

    $1,444,850

  • 1f · All other contributions, gifts and grants

    $168,442

  • 3 · Investment income

    total $29,917 · excluded $29,917

  • 10a · Gross sales of inventory

    $3,281

  • 10b · Cost of goods sold

    $2,843

  • 10c · Net income from sales of inventory

    total $438 · related or exempt $438

  • 11a · Other revenue: OTHER REVENUE: MISC. INCOME

    total $7,112,837 · related or exempt $7,112,837

  • 11b · Other revenue: CONCESSION FEES

    total $3,311,751 · related or exempt $3,311,751

  • 11c · Other revenue: EVENT REIMBURSEMENT

    total $3,219,475 · related or exempt $3,219,475

  • 11d · All other revenue

    total $6,707,533 · related or exempt $6,707,533

  • 11e · Other revenue, total

    $20,351,596

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $147,131 · management and general $147,131

  • 7 · Other salaries and wages

    total $2,882,129 · program services $2,739,296 · management and general $142,833

  • 9 · Other employee benefits

    total $903,159 · program services $870,278 · management and general $32,881

  • 10 · Payroll taxes

    total $226,059 · program services $202,081 · management and general $23,978

  • 11b · Fees: legal

    total $118,033 · management and general $118,033

  • 11c · Fees: accounting

    total $10,446 · management and general $10,446

  • 11e · Fees: professional fundraising services

    total $312,000 · fundraising $312,000

  • 11g · Fees: other

    total $2,930,927 · program services $2,867,309 · management and general $63,618

  • 12 · Advertising and promotion

    total $66,707 · program services $23,564 · management and general $5,456 · fundraising $37,687

  • 13 · Office expenses

    total $27,171 · management and general $27,171

  • 14 · Information technology

    total $22,272 · management and general $22,272

  • 19 · Conferences, conventions and meetings

    total $2,357 · management and general $2,357

  • 20 · Interest

    total $87,593 · management and general $87,593

  • 22 · Depreciation, depletion and amortization

    total $341,887 · management and general $341,887

  • 23 · Insurance

    total $315,016 · program services $313,584 · management and general $1,432

  • 24a · Other expenses: CONCESSIONS

    total $3,361,903 · program services $3,361,903

  • 24b · Other expenses: EVENT OPERATING EXPENSE

    total $2,583,283 · program services $2,583,283

  • 24c · Other expenses: PROMOTER AND TEAM REVEN

    total $1,611,558 · program services $1,611,558

  • 24d · Other expenses: OTHER G&A

    total $1,205,578 · management and general $1,205,578

  • 24e · All other expenses

    total $2,365,740 · program services $2,359,477 · management and general $6,263

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,302,313 · end of year $1,526,833

  • 3 · Pledges and grants receivable

    beginning of year $6,516,529 · end of year $7,359,665

  • 4 · Accounts receivable

    beginning of year $8,374,932 · end of year $5,737,697

  • 9 · Prepaid expenses and deferred charges

    beginning of year $221,889 · end of year $103,480

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

    $1,982,488

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

    $1,925,507

  • 10c · Land, buildings and equipment, net

    beginning of year $398,868 · end of year $56,981

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,461,253 · end of year $6,414,380

  • 19 · Deferred revenue

    beginning of year $4,980,204 · end of year $894,656

  • 23 · Secured mortgages and notes payable

    beginning of year $1,482,989 · end of year $1,307,989

  • 25 · Other liabilities

    beginning of year $1,794,967 · end of year $593,458

  • 27 · Net assets without donor restrictions

    beginning of year -$13,167,722 · end of year -$149,307

  • 28 · Net assets with donor restrictions

    beginning of year $14,262,840 · end of year $5,723,480

Mission and programs · 2024

Mission

THE PURPOSES FOR WHICH THE CORPORATION IS ORGANIZED ARE: A) TO OPERATE EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, SCIENTIFIC OR LITERARY PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE CODE, BY ENGAGING DIRECTLY IN SUPPORT OF SUCH PURPOSES OR BY MAKING DISTRIBUTIONS TO OTHER ORGANIZATIONS FOR USE, BY THE DISTRUTEES, IN SUPPORT OF SUCH PURPOSES; B) TO OVERSEE OPERATIONS AND MANAGEMENT OF HISTORIC AND ARCHITECTURALLY SIGNIFICANT LANDMARKS, PUBLIC PARKS, AND PUBLIC ENTERTAINMENT VENUES AND RELATED PUBLIC EDUCATIONAL FACILITIES; AND C) TO ENGAGE IN ANY AND ALL LAWFUL ACTIVITIES INCIDENTAL TO THE FOREGOING PURPOSES, EXCEPT AS OTHERWISE RESTRICTED HEREIN. THE CORPORATION SHALL NOT CARRY ON, OTHER THAN AS AN INSUBSTANTIAL PART OF ITS ACTIVITIES, ACTIVITIES THAT ARE NOT IN FURTHERANCE OF ITS PURPOSES.

Activities or mission (Part I)

FAIR PARK FIRST IS A NON-PROFIT ORGANIZATION CREATED TO OVERSEE THE MANAGEMENT AND STEWARDSHIP OF FAIR PARK, A 277 ACRE DALLAS CITY PARK, AND NTNL. HISTORIC LANDMARK, HOME TO NUMEROUS CULTURAL INSTITUTIONS

  • FAIR PARK FIRST'S, A TEXAS NONPROFIT'S MISSION IS TO RESTORE, REVITALIZE, AND RENEW FAIR PARK, A 138-YEAR-OLD, 277-ACRE NATIONAL HISTORIC LANDMARK, IN ORDER TO ATTRACT ATTENTION FROM THE LOCAL COMMUNITY, THE REGION, AND THE NATION. AS THE CONSERVATOR AND MANAGER OF THIS CITY OF DALLAS PROPERTY, FAIR PARK FIRST FOCUSES ON THE HISTORIC PRESERVATION OF BUILDINGS AND ART, ALONG WITH THE RESTORATION, OPERATION, AND MAINTENANCE OF THE ENTIRE CAMPUS. THE ORGANIZATION ALSO ENGAGES IN ACTIVATION THROUGH MAJOR EVENTS AND LOCAL COMMUNITY PROGRAMMING. FAIR PARK HAS RECEIVED EXTENSIVE ACCOLADES THROUGHOUT ITS HISTORY. IT WAS THE SITE OF THE 1936 TEXAS CENTENNIAL EXPOSITION AND THE 1936 WORLD'S FAIR, AND IT BOASTS THE LARGEST COLLECTION OF ART DECO ART AND ARCHITECTURE IN THE WORLD. RECOGNIZED AS A NATIONAL HISTORIC LANDMARK, IT STANDS ALONGSIDE THE ALAMO AS A SIGNIFICANT SITE. AS AN EPICENTER OF ART DECO AND "TEXANIC" DESIGN, WITH BUILDINGS, MURALS, AND SCULPTURES CREATED BY RENOWNED ARTISTS, ARCHITECTS, AND CRAFTSMEN, IT IS TRULY A CROWN JEWEL OF TEXAS. SINCE ITS INCEPTION IN 2019, FAIR PARK FIRST HAS SECURED OVER $400 MILLION IN PUBLIC AND PHILANTHROPIC INVESTMENTS TO RESTORE BUILDINGS AND ART, CREATE GREENSPACE, AND REJUVENATE THE PARK FOR A NEW CHAPTER IN ITS LONG HISTORY.

    Expenses $16,932,333 · Revenue $20,352,034

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jason Brown

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1.25

  • Veletta Forsythe-Lill

    IMMEDIATE PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1.25

  • Jon Wolkenstein

    TREASURER

    Total calculated
    $0
    Hours/week
    1.25

  • Bob Luxen

    SECRETARY

    Total calculated
    $0
    Hours/week
    1.25

  • Chelby Sanders

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.25

  • Chris Bowers

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.25

  • Kimberly Shaw

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.25

  • Lubbock Smith

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.25

  • Margo Ramirez Keyes

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.25

  • Matt Orwig

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.25

  • Rev Dr Todd Atkins

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.25

  • Zaida Basora

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.25

  • Dan Torpey

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.25

  • Trish Bernard

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.25

  • Alejandra Saldana

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1.25

  • Alyssa Siffermann

    INTERIM EXECUTIVE DIRECTOR

    Total calculated
    $147,130
    From this org
    $147,130
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
14 August 2026
IRS schema version
2024v5.5
Source object
202602269349300135

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

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