Overview
What is Performing Arts Fort Worth Inc?
Performing Arts Fort Worth Inc, located at 330 E 4th Street in Fort Worth, Texas (76102), serves as a permanent home to major performing arts organizations in Fort Worth and a premier venue for touring attractions. This nonprofit entity, with a workforce of 151 individuals, aims to promote arts education and provide a platform for both local and international artistic presentations. Their mission is to enrich the cultural landscape of the community by fostering a thriving arts scene and offering various opportunities for arts education.
Official website here: www.basshall.com
What are the reviews and ratings of this charity?
Charity Navigator rating: 95% (Four-Star out of Four Stars)
Performing Arts Fort Worth Inc has received an impressive Four-Star rating, reflecting strong accountability and finance practices with a score of 96. The organization demonstrates effective leadership and adaptability, achieving a perfect score of 100 in this area. Additionally, the majority of the board members (97%) are independent, ensuring a well-governed structure that promotes transparency and ethical oversight.
The organization shows a strong commitment to community engagement, evidenced by a solid Culture & Community score of 89. Its program expense ratio of 86.68% indicates that a significant portion of its expenses is directly allocated to its mission-driven activities. Furthermore, the absence of material asset diversions and high scores in feedback collection and usage highlight its dedication to continuous improvement and responsiveness to stakeholder input.
While the organization has a robust financial foundation, reflected in a low liabilities to assets ratio of 7.68%, there is always room for growth, particularly in enhancing its equity strategies score of 83. Overall, Performing Arts Fort Worth Inc stands out for its strong governance, financial practices, and commitment to community engagement, making it a reputable nonprofit in the performing arts sector.
This AI summary has been generated from information found on Charity Navigator.
Is Performing Arts Fort Worth Inc legitimate?
Performing Arts Fort Worth Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Performing Arts Fort Worth Inc 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: $966,388
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,325,201
For more financial information, click here
Official website here: www.basshall.com
What is the mission statement of Performing Arts Fort Worth Inc?
Performing Arts Fort Worth Inc serves as a permanent home to major performing arts organizations in Fort Worth and functions as a premier venue for touring attractions. Its mission is to promote arts education and provide a platform for various productions and performances. The organization aims to support local arts groups and bring high-quality shows to the community, thereby enhancing the cultural landscape. Additionally, it is committed to fostering arts education and inspiring the next generation of artists and art enthusiasts. The organization's diverse offerings cater to a wide audience and contribute to the rich cultural fabric of the community.
Official website here: www.basshall.com
Who is the CEO of Performing Arts Fort Worth Inc?
Dione Kennedy is the President / Ceo of Performing Arts Fort Worth Inc. The CEO's salary of Performing Arts Fort Worth Inc is $583,161 and their total compensation is $633,326.
Official website here: www.basshall.com
What is the revenue of Performing Arts Fort Worth Inc?
Performing Arts Fort Worth Inc's revenue in 2022 was $30,931,955.
Official website here: www.basshall.com
Who are the executives of Performing Arts Fort Worth Inc and what are their salaries?
The average compensation at Performing Arts Fort Worth Inc during 2022 was $28,421. There are 151 employees and 421 volunteers at Performing Arts Fort Worth Inc.
Here are 45 key members and their salaries (Performing Arts Fort Worth Inc's CEO's salary is $583,161 and their total compensation is $633,326):
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Official website here: www.basshall.com
Where can I find the form 990 for Performing Arts Fort Worth Inc?
Performing Arts Fort Worth Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.basshall.com
Learn more at the official website: www.basshall.com
Mission Statement of Performing Arts Fort Worth Inc
Performing Arts Fort Worth Inc, a notable nonprofit organization, is dedicated to serving as a permanent home to major performing arts organizations in Fort Worth and acting as a premier venue for touring attractions. By providing a stable base for local arts groups and showcasing a diverse range of visiting productions, the institution seeks to enrich the cultural landscape and promote arts education.
With a commitment to fostering artistic excellence, Performing Arts Fort Worth Inc offers an engaging calendar of performances. These events, detailed in Schedule O, General Statement 1, not only draw in residents but also attract visitors from afar. By being a reliable and high-caliber venue, the organization enhances Fort Worth's reputation as a vibrant arts hub.
Moreover, the mission of Performing Arts Fort Worth Inc extends beyond just hosting performances. The organization is deeply invested in arts education, working to cultivate an appreciation for the performing arts among diverse audiences. Through educational programs, the institution strives to inspire creativity, broaden horizons, and foster a lifelong love for the arts. In this way, Performing Arts Fort Worth Inc not only enriches the cultural scene but also makes a meaningful impact on individuals and the community as a whole.
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Impact
October, 2024
Performing Arts Fort Worth Inc plays a crucial role in enriching the cultural landscape of Fort Worth. By providing a permanent home for major performing arts organizations, it fosters a vibrant community where diverse artistic expressions can thrive. This organization serves as a premier venue for touring attractions, ensuring that residents and visitors have access to a wide range of high-quality performances.
In addition to hosting productions, Performing Arts Fort Worth Inc actively promotes arts education, inspiring the next generation of artists and audiences. Through its commitment to the arts, it enhances local quality of life, stimulates economic growth, and strengthens community ties, making Fort Worth a more vibrant and culturally rich place to live and visit.
This information is meant to be a general summary of Performing Arts Fort Worth Inc. 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: $3,062,220
- Program Service Revenue: $15,337,174
- Gross Receipts: $57,738,628
Assets and Liabilities:
- Total Assets: $129,716,905
- Total Liabilities: $6,746,836
- Net Assets: $122,970,069
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TICKET SALES/SURCHARGE/COMMISSION
Revenue
$14,313,932
HALL RENTAL FEES
Revenue
$704,800
FACILITY OPERATIONS
Revenue
$179,650
VALET PARKING
Revenue
$126,033
RETURN OF IPN MEMBERSHIP CONTRIBU
Revenue
$12,759
Organization Details
Founding Year
1992
Phone
(817) 212-4300Principal Officer
Dione Kennedy
Main Address
330 E 4TH STREET, FORT WORTH, TX, 76102
Website
www.basshall.comNTEE Category
Code: A61 - Arts
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