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Nonprofiteer
← SAMMONS CENTER ENDOWMENT CORP

Form 990 for tax year 2023

Filed by SAMMONS CENTER ENDOWMENT CORP.

Totals

Total revenue
$86,821
Total expenses
$432,914
Contributions and grants received
$0
Grants paid
$390,000
Program service revenue
$0
Investment income
$86,821
Other revenue
$0
Total assets, end of year
$6,479,396
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$6,479,396
Program services expenses (Part IX)
$397,040
Management and general expenses
$35,874
Fundraising expenses
$0
Program service expenses (Part III)
$397,040

Program services were 91.7% 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.

  • 3 · Investment income

    total $86,821 · unrelated business $0 · excluded $86,821

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $390,000 · program services $390,000

  • 11f · Fees: investment management

    total $35,874 · program services $0 · management and general $35,874 · fundraising $0

  • 11g · Fees: other

    total $7,040 · program services $7,040 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 11 · Investments: publicly traded securities

    beginning of year $5,558,768 · end of year $6,479,396

  • 28 · Net assets with donor restrictions

    beginning of year $5,558,768 · end of year $6,479,396

Mission and programs · 2023

Mission

THE SAMMONS CENTER ENDOWMENT CORP. IS ORGANIZED TO RECEIVE CHARITABLE CONTRIBUTIONS THAT WILL BE HELD IN AN ENDOWMENT. INCOME AND CAPITAL GAINS FROM THESE CONTRIBUTIONS ARE AVAILABLE TO SAMMONS CENTER FOR THE ARTS IN FULL SUPPORT OF ITS MISSION.

Activities or mission (Part I)

TO RECEIVE CHARITABLE CONTRIBUTIONS THAT WILL BE HELD IN AN ENDOWMENT. INCOME AND CAPITAL GAINS FROM THESE CONTRIBUTIONS ARE AVAILABLE TO SAMMONS CENTER FOR THE ARTS IN FULL SUPPORT OF ITS MISSION.

  • THE MISSION OF THE ORGANIZATION IS TO SUPPORT SAMMONS CENTER FOR THE ARTS THROUGH AN ENDOWMENT.

    Expenses $397,040 · Grants $396,000

As filed on the 2023 return.

Listed in Part VII

  • Christopher Poinsatte

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Lucas Lachance

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • G Timothy Hardin

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Lori Bensing

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joshua Black

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John L Strauss

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael L Riddle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bruce Williams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joanna St Angelo

    EXECUTIVE DIRECTOR

    Total calculated
    $122,700
    From this org
    $0
    From related orgs
    $109,700
    Other
    $13,000
    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

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
2023
Filed
20 February 2025
IRS schema version
2023v6.0
Source object
202520519349300237

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