Overview
What is Fort Worth Art Association?
The Fort Worth Art Association, a Texas-based non-profit corporation, was founded to amass a collection of top-tier modern art pieces and instigate art-related activities and education in Fort Worth, Texas. With a mission to inspire public appreciation for modern art, the Association meticulously preserves its art holdings and promotes educational enjoyment through appropriate displays. The organization employs a team of 126 individuals and is located at 3200 Darnell Street in Fort Worth, Texas, with a ZIP code of 76107.
Official website here: www.themodern.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96%, Four-Star out of Four Star rating.
The Fort Worth Art Association has achieved an impressive Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial management. With a perfect score in Accountability & Finance, the organization demonstrates effective oversight and transparency, which is crucial for donor trust and engagement.
Key strengths include a fully independent board, with all 13 members meeting independence criteria, and robust financial practices that have resulted in no material diversion of assets. The organization also maintains comprehensive policies regarding conflict of interest, whistleblower protections, and document retention, contributing to its strong governance framework.
While the Fort Worth Art Association showcases an excellent program expense ratio of 71.48%, indicating that a significant portion of its expenses directly supports its mission, it is essential for potential donors to consider how these financial metrics translate into tangible impacts within the community. Overall, the organization stands out for its financial integrity and effective governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is Fort Worth Art Association legitimate?
Fort Worth Art Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fort Worth Art Association submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,158,411
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,912,164
For more financial information, click here
Official website here: www.themodern.org
What is the mission statement of Fort Worth Art Association?
The Fort Worth Art Association is a non-profit organization with a mission to acquire and preserve works of modern art of the highest quality. They promote and maintain a program of art activities and art education, aiming to provide educational enjoyment in modern art for the public. The association strives to create public appreciation for such art through its appropriate display, serving as a vital cultural resource in the community.
Official website here: www.themodern.org
Who is the CEO of Fort Worth Art Association?
Rafael Garza is the Chairman Of The Board of Fort Worth Art Association.
Official website here: www.themodern.org
What is the revenue of Fort Worth Art Association?
Fort Worth Art Association's revenue in 2022 was $16,694,058.
Official website here: www.themodern.org
Who are the executives of Fort Worth Art Association and what are their salaries?
The average compensation at Fort Worth Art Association during 2022 was $40,243. There are 126 employees and 67 volunteers at Fort Worth Art Association.
Here are 72 key members and their salaries:
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Official website here: www.themodern.org
Where can I find the form 990 for Fort Worth Art Association?
Fort Worth Art Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.themodern.org
Learn more at the official website: www.themodern.org
Mission Statement of Fort Worth Art Association
The Fort Worth Art Association, a renowned non-profit organization in Texas, was founded with a dual mission: to amass a collection of modern art of exceptional merit and to foster a vibrant program of art activities and education in Fort Worth. Established with a vision to enrich the public, the Association pursues this objective by providing educational enjoyment in modern art, preserving its artistic holdings, and instilling a deep appreciation for modern art through appropriate display.
With a commitment to acquiring the finest works of modern art, the Fort Worth Art Association has dedicated itself to the pursuit of knowledge and aesthetics in this domain. Its strategic initiatives not only encompass the preservation and maintenance of its impressive art collection but also extend to the creation of opportunities for public engagement and understanding. By sharing its treasured collection and promoting art activities and education, the Association aims to broaden horizons and stimulate intellectual curiosity among individuals.
In essence, the Fort Worth Art Association serves as a vital cultural resource in Texas, dedicated to nurturing a passion for modern art and making it accessible and enjoyable for all. Through its unwavering commitment to education and preservation, the Association continues to inspire and engage the community, fostering a deeper appreciation for the power and beauty of modern art.
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Impact
October, 2024
The Fort Worth Art Association significantly enriches the cultural landscape of Fort Worth, Texas, by curating a collection of modern art that exemplifies high-quality artistic standards. Its commitment to promoting art education and activities fosters a deeper appreciation for modern art within the community. By facilitating public access to its art holdings, the Association plays a crucial role in educating residents and visitors alike, creating opportunities for artistic engagement and exploration. Through its programming, the Fort Worth Art Association enhances the local art scene, ensuring that residents have the chance to experience and enjoy contemporary artistic expressions. This focus on preservation and public display not only maintains the integrity of its collection but also cultivates a vibrant community spirit centered around art appreciation.
This information is meant to be a general summary of Fort Worth Art Association. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $5,144,258
- Program Service Revenue: $447,284
- Gross Receipts: $17,169,122
Assets and Liabilities:
- Total Assets: $70,573,501
- Total Liabilities: $160,068
- Net Assets: $70,413,433
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EXHIBITIONS
Revenue
$420,756
ART EDUCATION
Revenue
$26,528
Organization Details
Founding Year
1961
Phone
(817) 738-9215Principal Officer
Rafael Garza
Main Address
3200 DARNELL STREET, FORT WORTH, TX, 76107
Website
www.themodern.orgNTEE Category
Code: A200 - Arts
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