Overview
What is Multipurpose Arena Fort Worth?
Multipurpose Arena Fort Worth is a nonprofit organization based in Fort Worth, Texas, with a mission to alleviate the burden on the city. They lease, manage, and operate the city-owned multipurpose arena, which opened in October 2019, adjacent to the Will Rogers Memorial Center. The organization also manages and supports the operation of other facilities, including parking garages, surface parking facilities, and Will Rogers Memorial Center facilities, which are owned by Event Facilities Fort Worth, Inc. and the City of Fort Worth. By effectively managing these facilities, Multipurpose Arena Fort Worth contributes to the community, reducing financial costs and risks for the city and its residents.
Official website here: www.dickiesarena.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star Rating)
Multipurpose Arena Fort Worth has achieved a commendable Three-Star rating from Charity Navigator, reflecting a strong performance in Accountability & Finance. The charity's overall score highlights its commitment to financial transparency and governance, with a perfect score for having an entirely independent board and effective financial oversight measures.
The organization excels in maintaining a high program expense ratio of 94.88%, indicating that a significant portion of its funds is directed towards its programs rather than administrative costs. Additionally, it has implemented essential policies regarding conflict of interest, whistleblower protections, and document retention, contributing to its robust accountability framework.
While the ratings are strong, some users may find the executive salaries, particularly for key personnel, to be a point of consideration. The President’s salary, for example, amounts to $596,971, which could lead to discussions about compensation practices within nonprofit organizations. Overall, Multipurpose Arena Fort Worth demonstrates strong financial health and governance, but potential donors may want to weigh executive compensation against the organization's overall mission.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Multipurpose Arena Fort Worth?
60% of 20 reviewers on Facebook recommend the Multipurpose Arena Fort Worth. Here's a summary of their thoughts:
Attendees appreciated the fun atmosphere during events like WWE events, noting that the experience can be enjoyable overall. However, some expressed concerns about certain logistical issues, such as inadequate management of weather conditions during entry. Positive remarks were made about the courteous nature of the concession and merchandise staff, though there were complaints regarding security policies, particularly about restrictions on cameras.
Overall, while many found value in their experiences, there's room for improvement in handling event entry and communication about policies. Some users seem to feel that the arena could enhance visitors' experiences by addressing these smaller, yet significant, details.
This AI summary has been generated from reviews found on Facebook.
Is Multipurpose Arena Fort Worth legitimate?
Multipurpose Arena Fort Worth is a legitimate nonprofit organization registered as a 501(c)(3) entity. Multipurpose Arena Fort Worth 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: $1,533,027
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,579,590
For more financial information, click here
Official website here: www.dickiesarena.com
What is the mission statement of Multipurpose Arena Fort Worth?
Multipurpose Arena Fort Worth is organized and operated with the goal of alleviating the burdens of the city by managing and operating facilities, primarily the city-owned arena. The corporation ensures the efficient operation of these facilities, including garages, parking areas, and other structures, all without causing significant financial costs or risks to the city and its residents. By overseeing these operations, Multipurpose Arena Fort Worth supports the community in various ways, contributing to the overall well-being of the city.
Official website here: www.dickiesarena.com
Who is the CEO of Multipurpose Arena Fort Worth?
Matthew D Homan is the Chairman of Multipurpose Arena Fort Worth.
Official website here: www.dickiesarena.com
What is the revenue of Multipurpose Arena Fort Worth?
Multipurpose Arena Fort Worth's revenue in 2022 was $62,812,893.
Official website here: www.dickiesarena.com
Who are the executives of Multipurpose Arena Fort Worth and what are their salaries?
The average compensation at Multipurpose Arena Fort Worth during 2022 was $6,629. There are 1073 employees at Multipurpose Arena Fort Worth.
Here are 16 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $494,203
- Related: $0
- Other: $36,363
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $249,768
- Related: $0
- Other: $18,611
- Compensation: $263,536
- Related: $0
- Other: $18,301
- Compensation: $209,813
- Related: $0
- Other: $12,681
- Compensation: $111,920
- Related: $0
- Other: $12,081
- Compensation: $105,900
- Related: $0
- Other: $12,044
- Compensation: $101,935
- Related: $0
- Other: $7,737
- Compensation: $101,151
- Related: $0
- Other: $11,787
Official website here: www.dickiesarena.com
Where can I find the form 990 for Multipurpose Arena Fort Worth?
Multipurpose Arena Fort Worth's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.dickiesarena.com
Learn more at the official website: www.dickiesarena.com
Mission Statement of Multipurpose Arena Fort Worth
Multipurpose Arena Fort Worth, a nonprofit organization, is on a mission to alleviate the burdens of Fort Worth, Texas, by managing and operating various city-owned facilities. The corporation, established for this noble purpose, took over the operation of the city-owned Multipurpose Arena that opened in October 2019. This arena, adjacent to the Will Rogers Memorial Center, is now run by the organization with minimal financial risk or costs to the city and its residents.
In addition to the Multipurpose Arena, Multipurpose Arena Fort Worth manages, operates, and supports the operation of other facilities. These include garage and surface parking facilities, Will Rogers Memorial Center facilities, and other structures owned by Event Facilities Fort Worth, Inc., a 501(c)(3) organization, and the City of Fort Worth. By undertaking these responsibilities, the organization significantly lessens the burden on the city and encourages agricultural pursuits.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Multipurpose Arena Fort Worth plays a significant role in enhancing the cultural and recreational landscape of Fort Worth, Texas. By managing and operating the city-owned arena that opened in October 2019, the arena serves as a hub for various events, promoting community engagement and economic activity.
The facility reduces financial burdens on the city, allowing for a greater focus on community-oriented programs and initiatives. By encouraging agricultural pursuits and hosting events, the arena contributes to the local economy by attracting visitors and creating jobs.
Additionally, the arena's proximity to the Will Rogers Memorial Center and its ability to manage adjacent facilities enhance the overall experience for event attendees, fostering a vibrant atmosphere in the Fort Worth area. Its operations support local initiatives, making it a vital asset in both recreation and community development. Through its multifaceted role, the Multipurpose Arena Fort Worth ultimately enriches the lives of residents and visitors alike.
This information is meant to be a general summary of Multipurpose Arena Fort Worth. 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: $39,872
- Program Service Revenue: $59,273,539
- Gross Receipts: $62,812,893
Assets and Liabilities:
- Total Assets: $113,490,579
- Total Liabilities: $127,125,713
- Net Assets: -$13,635,134
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EVENT REVENUE
Revenue
$29,156,092
PREMIUM SEATING REVENUE
Revenue
$8,826,000
MANAGEMENT FEE & RENT
Revenue
$7,622,560
SPONSORSHIP REVENUE
Revenue
$4,919,994
PARKING REVENUE
Revenue
$4,405,773
Organization Details
Founding Year
2016
Phone
(817) 402-9052Principal Officer
Matthew D Homan
Main Address
1911 MONTGOMERY ST, FORT WORTH, TX, 76107
Website
www.dickiesarena.comNTEE Category
Code: N19 - Recreation
If you are a representative of Multipurpose Arena Fort Worth and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.