Nonprofit · EIN 75-6036753
FOUNDATION FOR THE ARTS
Tax-exempt · DALLAS, TX 75201
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $6,408,863 | $919,739 | $5,489,124 | $36,612,991 | $68,902 | $36,544,089 |
| December 31, 2023 | 990 | $2,329,855 | $2,510,724 | -$180,869 | $29,738,296 | $62,564 | $29,675,732 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,730,284
- Program service revenue
- $0
- Investment income
- $4,678,579
- Net gain from sales of assets
- $3,866,386
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $45,544
- Program services (functional)
- $681,756
- Management and general (functional)
- $237,983
Balance sheet and other
- Total assets, start of year
- $29,738,296
- Total assets, end of year
- $36,612,991
- Total liabilities, end of year
- $68,902
- Net assets, end of year
- $36,544,089
- Publicly traded securities
- $35,618,954
- Net assets without donor restrictions
- $3,673,462
- Net assets with donor restrictions
- $32,870,627
- Gross receipts
- $6,408,863
- Employees
- 0
- Volunteers
- 7
- Year formed
- 1963
- State of legal domicile
- TX
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 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARY MCDERMOTT COOK | VICE PRESIDENT Trustee or director, Officer | 0.1 | $0 |
| Lizzie Routman | DIRECTOR Trustee or director | 0.1 | $0 |
| THOMAS CAMPBELL | Director Trustee or director | 0.2 | $0 |
| CULLUM CLARK | president Trustee or director, Officer | 0.1 | $0 |
| allison smith | Director Trustee or director | 0.1 | $0 |
| Dan Boeckman | Treasurer Trustee or director, Officer | 0.1 | $0 |
| Hamilton Lee | Secretary Trustee or director, Officer | 0.1 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARY MCDERMOTT COOK | VICE PRESIDENT Trustee or director, Officer | 0.1 | $0 |
| Lizzie Routman | DIRECTOR Trustee or director | 0.1 | $0 |
| THOMAS CAMPBELL | Director Trustee or director | 0.2 | $0 |
| CULLUM CLARK | president Trustee or director, Officer | 0.1 | $0 |
| allison smith | Director Trustee or director | 0.1 | $0 |
| TOM LENTZ | DIRECTOR Trustee or director | 0.1 | $0 |
| Dan Boeckman | Treasurer Trustee or director, Officer | 0.1 | $0 |
| Hamilton Lee | Secretary Trustee or director, Officer | 0.1 | $0 |
Address and contacts
- Address (IRS master file)
- 1717 N HARWOOD ST, DALLAS, TX 75201-2315
- In care of
- % VALERIE HOOPER
- Principal officer (990 for 2024)
- CULLUM CLARK, 1717 N HARWOOD st, dallas, TX 75201
- Signed the 990
- CULLUM CLARK, PRESIDENT
- Phone
- (214) 922-1213
- Return prepared by
- BRUCE E BERNSTIEN & ASSOCIATES
Mission
ACQUIRE ART FOR THE DALLAS MUSEUM OF ART
Program accomplishments
- ACQUIRE ART FOR THE DALLAS MUSEUM OF ART AND THE CITIZENS OF DALLASExpenses $681,756
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 75-6036753
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1964
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A51I)
- Assets (IRS master file)
- $36,612,991
- Income (IRS master file)
- $6,408,863
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $6,408,863 | $919,739 | $36,612,991 | IRS |
| 990 | December 2023 | $2,329,855 | $2,510,724 | $29,738,296 | XML |
| 990 | December 2022 | $1,058,188 | $209,942 | $27,919,291 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | 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 75-6036753).
Questions about FOUNDATION FOR THE ARTS
- What is the EIN of FOUNDATION FOR THE ARTS?
- The employer identification number (EIN) of FOUNDATION FOR THE ARTS is 75-6036753.
- Is FOUNDATION FOR THE ARTS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1964.
- Are donations to FOUNDATION FOR THE ARTS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does FOUNDATION FOR THE ARTS file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FOUNDATION FOR THE ARTS 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 FOUNDATION FOR THE ARTS last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of FOUNDATION FOR THE ARTS?
- The 990 for the year ended December 31, 2024 names CULLUM CLARK.
- Who are the officers and directors of FOUNDATION FOR THE ARTS?
- The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does FOUNDATION FOR THE ARTS have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $6,408,863, expenses of $919,739 and total assets of $36,612,991 at year end.
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- PEROT MUSEUM OF NATURE AND SCIENCE EIN 75-6067569 · last filed 990 for 2025
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- DALLAS SYMPHONY ASSOCIATION INC EIN 75-0705442 · last filed 990 for 2025
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- COMMEMORATIVE AIR FORCE EIN 74-1484491 · last filed 990 for 2024
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All nonprofits in DALLAS · Texas · Arts, culture and humanities