Civic Intelligence

Foundation for the Arts

990 • Fiscal year 2014 • EIN 75-6036753

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 13, 2015

Organization ProfileN/A
1203 Lausanne AvenueDallas, TX 75208

(214) 943-1514

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

8th percentile

0.00x

Higher debt load relative to assets than 8% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Liabilities / Revenue

10th percentile

0.02x

Higher debt load relative to revenue than 10% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Net Margin

22nd percentile

-3.6%

Higher net margin than 22% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Top Officer Pay

12th percentile

$0

Higher top officer pay than 12% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Asset Growth

33rd percentile

-0.4%

Faster asset growth than 33% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Revenue Growth

91st percentile

61%

Faster revenue growth than 91% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets8th percentile

Assets

Down

$17,974,658

Down $63,960 (-0.4%) from 2013

Net Assets

Down

$17,931,525

Down $70,070 (-0.4%) from 2013

Liabilities

Up

$43,133

Up $6,110 (+17%) from 2013

Revenue And Expenses
Liabilities / Revenue10th percentileNet Margin22nd percentile

Revenue

Up

$1,943,221

Up $736,691 (+61%) from 2013

Expenses

Up

$2,013,291

Up $1,010,069 (+101%) from 2013

Net Income

Down

-$70,070

Down $273,378 (-134%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth33rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$40M$30M$20M$10M$0Assets 2010: $17,287,799Liabilities 2010: $37,101Net Assets 2010: $17,250,6982010Assets 2011: $18,090,008Liabilities 2011: $37,080Net Assets 2011: $18,052,9282011Assets 2012: $17,837,114Liabilities 2012: $38,827Net Assets 2012: $17,798,2872012Assets 2013: $18,038,618Liabilities 2013: $37,023Net Assets 2013: $18,001,5952013Assets 2014: $17,974,658Liabilities 2014: $43,133Net Assets 2014: $17,931,5252014Assets 2015: $16,922,974Liabilities 2015: $204,950Net Assets 2015: $16,718,0242015Assets 2016: $19,279,164Liabilities 2016: $40,923Net Assets 2016: $19,238,2412016Assets 2017: $23,397,839Liabilities 2017: $43,403Net Assets 2017: $23,354,4362017Assets 2018: $21,767,897Liabilities 2018: $54,513Net Assets 2018: $21,713,3842018Assets 2019: $27,103,795Liabilities 2019: $55,137Net Assets 2019: $27,048,6582019Assets 2020: $29,037,588Liabilities 2020: $60,009Net Assets 2020: $28,977,5792020Assets 2021: $33,202,337Liabilities 2021: $62,302Net Assets 2021: $33,140,0352021Assets 2022: $27,919,291Liabilities 2022: $57,493Net Assets 2022: $27,861,7982022Assets 2023: $29,738,296Liabilities 2023: $62,564Net Assets 2023: $29,675,7322023Assets 2024: $36,612,991Liabilities 2024: $68,902Net Assets 2024: $36,544,0892024

Highlighted filing

2014

Assets$17,974,658
Liabilities$43,133
Net Assets$17,931,525
Open 2014 Filing

Operations Trend

Revenue Growth91st percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2010: $722,332Expenses 2010: $117,477Net Income 2010: $604,8552010Revenue 2011: $909,197Expenses 2011: $106,967Net Income 2011: $802,2302011Revenue 2012: -$73,983Expenses 2012: $180,658Net Income 2012: -$254,6412012Revenue 2013: $1,206,530Expenses 2013: $1,003,222Net Income 2013: $203,3082013Revenue 2014: $1,943,221Expenses 2014: $2,013,291Net Income 2014: -$70,0702014Revenue 2015: $724,382Expenses 2015: $1,937,883Net Income 2015: -$1,213,5012015Revenue 2016: $480,936Expenses 2016: $262,804Net Income 2016: $218,1322016Revenue 2017: $2,937,254Expenses 2017: $154,252Net Income 2017: $2,783,0022017Revenue 2018: $955,642Expenses 2018: $186,501Net Income 2018: $769,1412018Revenue 2019: $1,040,649Expenses 2019: $194,750Net Income 2019: $845,8992019Revenue 2020: $1,371,356Expenses 2020: $1,914,892Net Income 2020: -$543,5362020Revenue 2021: $1,666,820Expenses 2021: $218,594Net Income 2021: $1,448,2262021Revenue 2022: $1,058,188Expenses 2022: $209,942Net Income 2022: $848,2462022Revenue 2023: $2,329,855Expenses 2023: $2,510,724Net Income 2023: -$180,8692023Revenue 2024: $6,408,863Expenses 2024: $919,739Net Income 2024: $5,489,1242024

Highlighted filing

2014

Revenue$1,943,221
Expenses$2,013,291
Net Income-$70,070
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 13, 2015
Return Version
2014v5.0
Gross Receipts
$8,832,821
Mission and Program Overview

Mission

Acquire art for the dallas museum of art

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$17,541,454$17,579,676▲ $38,222
Savings and Temporary Cash Investments$473,931$362,711▼ $111,220
Accounts Receivable$4,340$0▼ $4,340
Total Assets$18,038,618$17,974,658▼ $63,960
Other Assets Total$18,893$32,271▲ $13,378
Liabilities
Accounts Payable and Accrued Expenses$37,023$43,133▲ $6,110
Total Liabilities$37,023$43,133▲ $6,110
Net Assets / Fund Balance
Temporarily Rstr Net Assets$17,837,482$17,776,698▼ $60,784
Unrestricted Net Assets$164,113$154,827▼ $9,286
Total Net Assets Fund Balance$18,001,595$17,931,525▼ $70,070
Total Liabilities and Net Assets / Fund Balance$18,038,618$17,974,658▼ $63,960
Compensation and Service Providers
Top Officer Pay12th percentile

Board Members and Trustees

NameTitle
George T Lee JrPresident/director
Dr William B JordanDirector
James H Clark JrDirector
Mary Mcdermott CookDirector
Mrs H Charles PriceDirector
Thomas CampbellDirector
Elizabeth BoeckmanSecretary/director
Alan R BrombergFormer Secretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$1,943,221
Other Revenue
$0
Change in Net Assets
$-70,070

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,794,502
Revenue Not Reported on Financial Statements
$148,719
Revenue Not Reported on Form 990
$-1,255,453
Total Revenue per Audited Statements
$539,049
Total Revenue per Form 990
$1,943,221
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,013,291
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Service Investment Mgmnt Fees-$136,100-$136,100
Fees for Services Accounting-$18,484-$18,484
Other Expenses$1,842,466$12,618-$12,618
Insurance-$3,623-$3,623
Total Functional Expenses$1,842,466$170,825$0$2,013,291

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$2,013,291
Expenses per Audited Statements$1,864,572
Total Expenses per Audited Statements$1,864,572
Expenses Not Reported on Financial Statements$148,719
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

“The president and secretary of the organization review the 990 in detail before filing.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents and financial statements are not made available to the public.”

Filing and Contact Details

Filer

Filer Name
Foundation for the Arts
EIN
75-6036753
Phone
2149431514
Address
1203 LAUSANNE AVENUE, DALLAS, TX 75208

Signing Officer

Name
George T Lee Jr
Title
President
Phone
2149431514
Signed
2015-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
George T Lee Jr
Formed
1963
Legal Domicile
TX
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
0

Preparer

Firm
Travis Wolff Llp
Address
15950 N DALLAS PARKWAY SUITE 600, DALLAS, TX 75248
Preparer
Kelly M Gillette
Phone
9726611843
Supplemental Narrative

Financial Statement Notes

PART III, LINE 4:

“The foundation for the arts' (the foundation) collection is made up of numerous and various works of art. Pursuant to a contract between the foundation and the dallas museum of art (the museum), all art owned by the foundation is for the sole use of the museum in its displays to the public so long as the museum complies with the contract. The foundation's primary purpose is to provide funding for the acquisition of art displayed or held at the museum.”

PART X, LINE 2:

“The foundation has been classified as an entity that is exempt from income taxes under sections 501(c)(3) of the internal revenue code and that is not a private foundation within the meaning of section 509(a)(3). The foundation is also exempt from state income taxes. Accordingly, no provision has been made for federal or state income taxes in the financial statements. Management has evaluated the foundation's federal and state tax positions and believes there are no significant uncertain tax positions. The foundation is generally not subject to examination by federal authorities for tax years before 2009.”

Raw XML Appendix389 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt037023
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt043133
IRS990/AccountsReceivableGrp/BOYAmt04340
IRS990/AccountsReceivableGrp/EOYAmt00
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0ACQUIRE ART FOR THE DALLAS MUSEUM OF ART
IRS990/AuditCommitteeInd00
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0MR GEORGE T LEE JR
IRS990/BooksInCareOfDetail/PhoneNum02149431514
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01203 LAUSANNE AVENUE
IRS990/BooksInCareOfDetail/USAddress/CityNm0DALLAS
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TX
IRS990/BooksInCareOfDetail/USAddress/ZIPCd075208
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd01
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt01943221
IRS990/CYOtherExpensesAmt02013291
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-70070
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt02013291
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01943221
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0ACQUIRE ART FOR THE DALLAS MUSEUM OF ART AND THE CITIZENSOF DALLAS, TX
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt01842466
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt018484
IRS990/FeesForServicesAccountingGrp/TotalAmt018484
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt0136100
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt0136100
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.30
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.20
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/PersonNm0MARY MCDERMOTT COOK
IRS990/Form990PartVIISectionAGrp/PersonNm1GEORGE T LEE JR
IRS990/Form990PartVIISectionAGrp/PersonNm2JAMES H CLARK JR
IRS990/Form990PartVIISectionAGrp/PersonNm3DR WILLIAM B JORDAN
IRS990/Form990PartVIISectionAGrp/PersonNm4ELIZABETH BOECKMAN
IRS990/Form990PartVIISectionAGrp/PersonNm5MRS H CHARLES PRICE
IRS990/Form990PartVIISectionAGrp/PersonNm6THOMAS CAMPBELL
IRS990/Form990PartVIISectionAGrp/PersonNm7ALAN R BROMBERG
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT/DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY/DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7FORMER SECRETARY
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01963
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt01477923
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt08367523
IRS990/GrossReceiptsAmt08832821
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt03623
IRS990/InsuranceGrp/TotalAmt03623
IRS990/InvestmentIncomeGrp/ExclusionAmt0465298
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0465298
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt017541454
IRS990/InvestmentsPubTradedSecGrp/EOYAmt017579676
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0TX
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt06889600
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0ACQUIRE ART FOR THE DALLAS MUSEUM OF ART
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt018001595
IRS990/NetAssetsOrFundBalancesEOYAmt017931525
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt01477923
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt01477923
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt018893
IRS990/OtherAssetsTotalGrp/EOYAmt032271
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0ART ACQUISITIONS
IRS990/OtherExpensesGrp/Desc1FOREIGN TAXES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt012618
IRS990/OtherExpensesGrp/ProgramServicesAmt01842466
IRS990/OtherExpensesGrp/TotalAmt01842466
IRS990/OtherExpensesGrp/TotalAmt112618
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0GEORGE T LEE JR
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01206530
IRS990/PYOtherExpensesAmt01003222
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0203308
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01003222
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01206530
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-70070
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0473931
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0362711
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesEngagedOrgInvlmntInd00
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesFurtherExemptPrpsInd01
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesTestInd0X
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd01
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd00
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0FOUNDATION FOR THE ARTS PURPOSES IS TO ACQUIRE AND OWN PAINTINGS, SCULPTURE AND OTHER WORKS OF ART, AND TO EXHIBIT THEM TO THE PUBLIC. THIS IS THE SAME PURPOSE AS THE DALLAS MUSEUM OF ART WHICH THE FOUNDATION FOR THE ARTS SUPPORTS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE E, LINE 2A
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0750808774
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeDesc07
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt01842466
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0DALLAS MUSEUM OF ART
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3FuncIntInd0X
IRS990ScheduleA/SupportSumAmt00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/CollectionUsedPreservationInd0X
IRS990ScheduleD/CollectionUsedPubExhibitionInd0X
IRS990ScheduleD/CollUsedLoanOrExchProgInd0X
IRS990ScheduleD/CollUsedScholarlyRsrchInd0X
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0148719
IRS990ScheduleD/ExpensesSubtotalAmt01864572
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt0148719
IRS990ScheduleD/InvestmentExpensesNotIncldAmt0148719
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-1255453
IRS990ScheduleD/RevenueNotReportedAmt0-1255453
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0148719
IRS990ScheduleD/RevenueSubtotalAmt01794502
IRS990ScheduleD/SolicitedAssetsSaleInd00
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION FOR THE ARTS' (THE FOUNDATION) COLLECTION IS MADE UP OF NUMEROUS AND VARIOUS WORKS OF ART. PURSUANT TO A CONTRACT BETWEEN THE FOUNDATION AND THE DALLAS MUSEUM OF ART (THE MUSEUM), ALL ART OWNED BY THE FOUNDATION IS FOR THE SOLE USE OF THE MUSEUM IN ITS DISPLAYS TO THE PUBLIC SO LONG AS THE MUSEUM COMPLIES WITH THE CONTRACT. THE FOUNDATION'S PRIMARY PURPOSE IS TO PROVIDE FUNDING FOR THE ACQUISITION OF ART DISPLAYED OR HELD AT THE MUSEUM.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION HAS BEEN CLASSIFIED AS AN ENTITY THAT IS EXEMPT FROM INCOME TAXES UNDER SECTIONS 501(C)(3) OF THE INTERNAL REVENUE CODE AND THAT IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A)(3). THE FOUNDATION IS ALSO EXEMPT FROM STATE INCOME TAXES. ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR FEDERAL OR STATE INCOME TAXES IN THE FINANCIAL STATEMENTS. MANAGEMENT HAS EVALUATED THE FOUNDATION'S FEDERAL AND STATE TAX POSITIONS AND BELIEVES THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS. THE FOUNDATION IS GENERALLY NOT SUBJECT TO EXAMINATION BY FEDERAL AUTHORITIES FOR TAX YEARS BEFORE 2009.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART III, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt02013291
IRS990ScheduleD/TotalRevenuePerForm990Amt01943221
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0539049
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01864572
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PRESIDENT AND SECRETARY OF THE ORGANIZATION REVIEW THE 990 IN DETAIL BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0DALLAS MUSEUM OF ART
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0750808774
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0MUSEUM
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01717 NORTH HARWOOD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0DALLAS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd075201
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt017837482
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt017776698
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt018038618
IRS990/TotalAssetsEOYAmt017974658
IRS990/TotalAssetsGrp/BOYAmt018038618
IRS990/TotalAssetsGrp/EOYAmt017974658
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0170825
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01842466
IRS990/TotalFunctionalExpensesGrp/TotalAmt02013291
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt037023
IRS990/TotalLiabilitiesEOYAmt043133
IRS990/TotalLiabilitiesGrp/BOYAmt037023
IRS990/TotalLiabilitiesGrp/EOYAmt043133
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt018001595
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt017931525
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01842466
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt01943221
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01943221
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt018038618
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt017974658
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0164113
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0154827
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01203 LAUSANNE AVENUE
IRS990/USAddress/CityNm0DALLAS
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd075208
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0GEORGE T LEE JR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02149431514
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FOUNDATION FOR THE ARTS
ReturnHeader/Filer/BusinessNameControlTxt0FOUN
ReturnHeader/Filer/EIN0756036753
ReturnHeader/Filer/PhoneNum02149431514
ReturnHeader/Filer/USAddress/AddressLine1Txt01203 LAUSANNE AVENUE
ReturnHeader/Filer/USAddress/CityNm0DALLAS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd075208
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0208185533
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0TRAVIS WOLFF LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt015950 N DALLAS PARKWAY SUITE 600
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0DALLAS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd075248
ReturnHeader/PreparerPersonGrp/PhoneNum09726611843
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KELLY M GILLETTE
ReturnHeader/ReturnTs02015-11-16T14:01:05-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$17,974,658
Liabilities
$43,133
Net assets
$17,931,525
Revenue
$1,943,221
Expenses
$2,013,291
Net income
-$70,070
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$36.6$0.07$36.5$6.41$0.92$5.49
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$29.7$0.06$29.7$2.33$2.51$0.18
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.9$0.06$27.9$1.06$0.21$0.85
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$33.2$0.06$33.1$1.67$0.22$1.45
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$29.0$0.06$29.0$1.37$1.91$0.54
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$27.1$0.06$27.0$1.04$0.19$0.85
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$21.8$0.05$21.7$0.96$0.19$0.77
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$23.4$0.04$23.4$2.94$0.15$2.78
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.3$0.04$19.2$0.48$0.26$0.22
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.9$0.20$16.7$0.72$1.94$1.21
2014Detailed filing. Detailed filing data is available for this year.$18.0$0.04$17.9$1.94$2.01$0.07
2013Detailed filing. Detailed filing data is available for this year.$18.0$0.04$18.0$1.21$1.00$0.20
2012Summary only. Only limited summary data is available for this year.$17.8$0.04$17.8$0.07$0.18$0.25
2011Summary only. Only limited summary data is available for this year.$18.1$0.04$18.1$0.91$0.11$0.80
2010Summary only. Only limited summary data is available for this year.$17.3$0.04$17.3$0.72$0.12$0.60