Nonprofit · EIN 75-6036226
KIMBELL ART FOUNDATION
Tax-exempt · FORT WORTH, TX 76107
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $53,175,895 | $47,546,617 | $5,629,278 | $759,256,338 | $69,505,906 | $689,750,432 |
| December 31, 2023 | 990-PF | $59,907,174 | $48,150,718 | $11,756,456 | $737,500,339 | $53,379,185 | $684,121,154 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $5,272,732
- Dividends
- $1,195,510
- Interest
- $477,411
- Net gain from sales of assets
- $7,637,486
- Other income
- $38,025,675
Expenses
- Grants and similar amounts paid
- $9,500
- Compensation of officers, directors and key employees
- $852,200
- Salaries, compensation and benefits (total)
- $8,794,044
- Disbursements for charitable purposes
- $22,311,727
- Excise tax on investment income
- $372,386
Balance sheet and other
- Total assets, start of year
- $737,500,339
- Total assets, end of year
- $759,256,338
- Total liabilities, end of year
- $69,505,906
- Net assets, end of year
- $689,750,432
- Fair market value of assets
- $3,066,838,454
- Qualifying distributions
- $59,443,140
- Net investment income
- $45,182,990
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Eric M Lee 3333 Camp Bowie Blvd, Fort Worth, TX 76107 | Museum Director Highest-paid employee | 35 | $800,000 | $66,174 |
| George TM Shackelford 3333 Camp Bowie Blvd, Fort Worth, TX 76107 | Deputy Director Highest-paid employee | 35 | $475,000 | $38,933 |
| Brenda A Cline 3230 Camp Bowie Blvd STE 600, Fort Worth, TX 761072746 | CFO, Secr./Treas. | 30 | $452,200 | $45,287 |
| Susan R Drake 3333 Camp Bowie Blvd, Fort Worth, TX 76107 | Dep. Dir. Fina./Admin., Asst. Secr./Treas. | 35 | $400,000 | $42,677 |
| Mark K Rich 3230 Camp Bowie Blvd STE 600, Fort Worth, TX 761072746 | Dir. of Investments Highest-paid employee | 35 | $300,000 | $40,274 |
| Robert McAn 3333 Camp Bowie Blvd, Fort Worth, TX 76107 | Donor/Member/Spec.Ev Highest-paid employee | 35 | $194,000 | $21,757 |
| Amy Grimes 3333 Camp Bowie Blvd, Fort Worth, TX 76107 | HR and Payroll Highest-paid employee | 35 | $150,000 | $29,567 |
| Kimberly Williamson Darden 3230 Camp Bowie Blvd STE 600, Fort Worth, TX 761072746 | Director | 1 | $0 | $0 |
| Karen Fortson Davis 3230 Camp Bowie Blvd STE 600, Fort Worth, TX 761072746 | Director | 1 | $0 | $0 |
| Lisa Wynne Alcorn 3230 Camp Bowie Blvd STE 600, Fort Worth, TX 761072746 | Director | 1 | $0 | $0 |
| Stewart R Henderson 3230 Camp Bowie Blvd STE 600, Fort Worth, TX 761072746 | Director | 2 | $0 | $0 |
| Lisa Fortson Burton 3230 Camp Bowie Blvd STE 600, Fort Worth, TX 761072746 | Director; Vice President | 2 | $0 | $0 |
| Kimbell Fortson Wynne 3230 Camp Bowie Blvd STE 600, Fort Worth, TX 761072746 | Director; Vice Chairman, President & CEO | 6 | $0 | $0 |
| Kay C Fortson 3230 Camp Bowie Blvd STE 600, Fort Worth, TX 761072746 | Director; Chairman | 1 | $0 | $0 |
| Ben J Fortson (thru May 2024) 3230 Camp Bowie Blvd STE 600, Fort Worth, TX 761072746 | Director; Exec. Vice President & CIO | 8 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Win S Ryan 3230 Camp Bowie Blvd STE 600, Fort Worth, TX 761072746 | Director | 2 | $0 |
990-PF for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Eric M Lee 3333 Camp Bowie Blvd, Fort Worth, TX 76107 | Museum Director Highest-paid employee | 35 | $747,700 | $60,642 |
| Brenda A Cline 3230 Camp Bowie Blvd STE 600, Fort Worth, TX 761072746 | CFO, Secr./Treas. | 30 | $432,700 | $41,892 |
| George TM Shackelford 3333 Camp Bowie Blvd, Fort Worth, TX 76107 | Deputy Director Highest-paid employee | 35 | $425,400 | $35,098 |
| Susan R Drake 3333 Camp Bowie Blvd, Fort Worth, TX 76107 | Dep. Dir. Fina./Admin., Asst. Secr./Treas. | 35 | $325,000 | $36,357 |
| Mark K Rich 3230 Camp Bowie Blvd STE 600, Fort Worth, TX 761072746 | Dir. of Investments Highest-paid employee | 35 | $249,600 | $34,129 |
| Robert McAn 3333 Camp Bowie Blvd, Fort Worth, TX 76107 | Donor/ Membrshp Dir. Highest-paid employee | 35 | $185,600 | $20,095 |
| Nancy Edwards 3333 Camp Bowie Blvd, Fort Worth, TX 76107 | Curator; Educ. Dir. Highest-paid employee | 35 | $136,200 | $10,066 |
| Mrs Glenn M Darden 3230 Camp Bowie Blvd STE 600, Fort Worth, TX 761072746 | Director | 3 | $0 | $0 |
| Ms Karen Fortson Davis 3230 Camp Bowie Blvd STE 600, Fort Worth, TX 761072746 | Director | 3 | $0 | $0 |
| Mrs Peter O Alcorn 3230 Camp Bowie Blvd STE 600, Fort Worth, TX 761072746 | Director | 3 | $0 | $0 |
| Mr Stewart R Henderson 301 Commerce St, Fort Worth, TX 761024122 | Director | 5 | $0 | $0 |
| Mrs William K Burton 3230 Camp Bowie Blvd STE 600, Fort Worth, TX 761072746 | Director; Vice President | 4 | $0 | $0 |
| Mrs Mitchell S Wynne 3230 Camp Bowie Blvd STE 600, Fort Worth, TX 761072746 | Director; Vice Chairman, President & CEO | 8 | $0 | $0 |
| Mrs Ben J Fortson 3230 Camp Bowie Blvd STE 600, Fort Worth, TX 761072746 | Director; Chairman | 4 | $0 | $0 |
| Mr Ben J Fortson 3230 Camp Bowie Blvd STE 600, Fort Worth, TX 761072746 | Director; Exec. Vice President & CIO | 8 | $0 | $0 |
| Mr Win S Ryan 3230 Camp Bowie Blvd STE 600, Fort Worth, TX 761072746 | Director | 5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 3230 CAMP BOWIE BLVD STE 600, FORT WORTH, TX 76107-2746
- Signed the 990-PF
- Brenda Cline, CFO, Secr./Treas.
- Phone
- (817) 336-6100
- Website
- WWW.KIMBELLART.ORG
- Return prepared by
- CROWE LLP
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 75-6036226
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private operating foundation
- Donations deductible (Pub 78)
- Private operating foundation, 50% limit
- Exempt since
- 1998
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Arts, culture and humanities (A20O)
- Assets (IRS master file)
- $759,256,338
- Income (IRS master file)
- $58,213,258
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $53,175,895 | $47,546,617 | $759,256,338 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $59,907,174 | $48,150,718 | $737,500,339 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 75-6036226).
Questions about KIMBELL ART FOUNDATION
- What is the EIN of KIMBELL ART FOUNDATION?
- The employer identification number (EIN) of KIMBELL ART FOUNDATION is 75-6036226.
- Is KIMBELL ART FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to KIMBELL ART FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private operating foundation, 50% limit).
- Which annual return does KIMBELL ART FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of KIMBELL ART FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did KIMBELL ART FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of KIMBELL ART FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 16 people; 7 received compensation from the organization, the highest $800,000 (Eric M Lee, Museum Director).
- How much revenue does KIMBELL ART FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $53,175,895, expenses of $47,546,617 and total assets of $759,256,338 at year end.
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All nonprofits in FORT WORTH · Texas · Arts, culture and humanities