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← MPA FOUNDATION

Form 990 for tax year 2023

Filed by MPA FOUNDATION.

Totals

Total revenue
$29,896
Total expenses
$2,633,933
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$18,975
Other revenue
$10,921
Total assets, end of year
$46,149,071
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$46,149,071
Program services expenses (Part IX)
$2,626,308
Management and general expenses
$7,625
Fundraising expenses
$0
Program service expenses (Part III)
$2,626,308

Program services were 99.7% 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 $18,975 · excluded $18,975

  • 5 · Royalties

    total $10,911 · excluded $10,911

  • 6a · Gross rents

    real property $10

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $10

  • 6d · Net rental income or loss

    total $10 · related or exempt $10

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $5,064 · program services $5,064

  • 11c · Fees: accounting

    total $7,625 · management and general $7,625

  • 16 · Occupancy

    total $1,158 · program services $1,158

  • 22 · Depreciation, depletion and amortization

    total $2,614,223 · program services $2,614,223

  • 24a · Other expenses: SEVERANCE TAX

    total $5,863 · program services $5,863

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $380,847 · end of year $391,033

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

    $84,464,833

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

    $38,706,795

  • 10c · Land, buildings and equipment, net

    beginning of year $48,372,261 · end of year $45,758,038

  • 27 · Net assets without donor restrictions

    beginning of year $48,753,108 · end of year $46,149,071

Mission and programs · 2023

Mission

TO CONSTRUCT AND MAINTAIN A FACILITY FOR THE MODERN ART MUSEUM OF FORT WORTH, TEXAS.

  • PROVIDED MAINTENANCE AND OPERATION SUPPORT FOR THE FORT WORTH MODERN ART MUSEUM BUILDING.

    Expenses $2,626,308

As filed on the 2023 return.

Listed in Part VII

  • Craig L Kelly

    PRESIDENT & TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Lee M Bass

    VP & SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Menard Doswell IV

    FACILITY 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

No itemized grants to organizations 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
14 October 2024
IRS schema version
2023v5.1
Source object
202402889349302300

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

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