Fort Worth Art Association, Dba Modern Art Museum Of Fort Worth in Fort Worth, Texas (TX)

Fort Worth Art Association, Dba Modern Art Museum Of Fort Worth
Employer Identification Number (EIN)	751107061
Name of Organization	Fort Worth Art Association
Secondary Name	Dba Modern Art Museum Of Fort Worth
Address	3200 Darnell St, Fort Worth, TX 76107-2872
Activities	Other cultural or historical activities, Other school related activities, Museum, zoo, planetarium, etc.
Subsection	Literary Organization
Ruling Date	11/1940
Deductibility	Contributions are deductible
Foundation	Organization which receives a substantial part of its support from a governmental unit or the general public
Organization	Corporation
Exempt Organization Status	Unconditional Exemption
Tax Period	06/2014
Assets	$10,000,000 to $49,999,999
Income	$10,000,000 to $49,999,999
Filing Requirement	990 (all other) or 990EZ return
Asset Amount	$36,908,800
Amount of Income	$12,984,299
Form 990 Revenue Amount	$12,642,743
National Taxonomy of Exempt Entities (NTEE)	Arts, Culture and Humanities: Arts, Cultural Organizations - Multipurpose

Non-representatives - add comments:

Amount of income in 2014: $12,984,299 (it was $11,047,506 in 2013)

This organization:	$12,984,299
Other organizations performing similar types of work:	$195,015

Assets in 2014: $36,908,800 (it was $31,480,980 in 2013)

This organization:	$36,908,800
Other organizations performing similar types of work:	$137,152

Expenses in 2013: $11,367,643

This organization:	$11,367,643
Other organizations performing similar types of work:	$181,390

Income to expenses ratio in 2013: 1.1

Fort Worth Art Association, Dba Modern Art Museum Of Fort Worth:	1.1
Other organizations performing similar types of work:	1.0

Number of employees in 2013: 147

This organization:	147
Other organizations performing similar types of work:	6

Employees paid over $100,000 in 2013: 2.7%

Fort Worth Art Association, Dba Modern Art Museum Of Fort Worth:	2.7%
Other organizations performing similar types of work:	0.0%

Grants share in income in 2013: 51.1%

This organization:	51.1%
Other organizations performing similar types of work:	49.7%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

Support schedule

	2012	2013
Checklist
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?	Yes	Yes
Is the organization required to complete Schedule B, Schedule of Contributors?	Yes	Yes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?	No	No
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?	No	No
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?	No	No
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?	No	No
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?	No	No
Did the organization maintain collections of works of art, historical treasures, or other similar assets?	Yes	Yes
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?	No	No
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?	Yes	Yes
Did the organization report an amount for land, buildings, and equipment?	Yes	Yes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?	Yes	Yes
Did the organization report an amount for investments-program related that is 5% or more of its total assets?	No	No
Did the organization report an amount for other assets that is 5% or more of its total assets?	No	No
Did the organization report an amount for other liabilities?	Yes	Yes
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?	Yes	Yes
Did the organization obtain separate, independent audited financial statements for the tax year?	No	No
Was the organization included in consolidated, independent audited financial statements for the tax year?	Yes	Yes
Is the organization a school described in section 170(b)(1)(A)(ii)?	No	No
Did the organization maintain an office, employees, or agents outside of the United States?	No	No
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?	No	No
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?	No	No
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?	No	No
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?	No	No
Did the organization report more than $15,000 total of fundraising event gross income and contributions?	No	No
Did the organization report more than $15,000 of gross income from gaming activities?	No	No
Did the organization operate one or more hospital facilities?	No	No
Did the organization attach a copy of its audited financial statements?	No	No
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?	Yes	Yes
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?	No	No
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?	Yes	Yes
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?	No	No
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?	No	No
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?	No	No
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?	No	No
Did the organization engage in an excess benefit transaction with a disqualified person during the year?	No	No
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?	No	No
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?	No	No
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?	No	No
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?	No	No
A family member of a current or former officer, director, trustee, or key employee?	No	No
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?	No	No
Did the organization receive more than $25,000 in non-cash contributions?	No	No
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?	No	Yes
Did the organization liquidate, terminate, or dissolve and cease operations?	No	No
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?	No	No
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?	No	No
Was the organization related to any tax-exempt or taxable entity?	Yes	Yes
Did the organization have a controlled entity within the meaning of section 512(b)(13)?	Yes	Yes
Did the organization make any transfers to an exempt non-charitable related organization?	No	No
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?	No	No

	2011	2012	2013
Statements Regarding Other IRS Filings and Tax Compliance
The number reported in Box 3 of Form 1096		399	399
The number of Forms W-2G		0	0
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?		Yes	Yes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return		146	147
Did the organization file all required federal employment tax returns?		Yes	Yes
Did the organization have unrelated business gross income of $1,000 or more during the year?	No	No	No
Has it filed a Form 990-T for this year?		No	No
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?		No	No
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?		No	No
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?		No	No
Did the organization file Form 8886-T?		No	No
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?		No	No
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?		No	No
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?		No	No
Did the organization notify the donor of the value of the goods or services provided?		No	No
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?		No	No
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?		No	No
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?		No	No
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?		No	No
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?		No	No
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?		No	No
Did the sponsoring organization make any taxable distributions under section 4966?		No	No
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?		No	No
Initiation fees and capital contributions	$0	$0	$0
Gross receipts for public use of club facilities	$0	$0	$0
Gross income from members or shareholders	$0	$0	$0
Gross income from other sources	$0	$0	$0
Is the organization filing Form 990 in lieu of Form 1041?		No	No
The amount of tax-exempt interest received or accrued during the year		$0	$0
Is the organization licensed to issue qualified health plans in more than one state?		No	No
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans		$0	$0
The amount of reserves on hand		$0	$0
Did the organization receive any payments for indoor tanning services during the tax year?		No	No
Has it filed a Form 720 to report these payments?		No	No

	2012	2013
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization	$846,171	$949,477
Total reportable compensation from related organizations	$0	$0
Total estimated amount of other compensation from the organization and related organizations	$74,224	$82,285
Total number of individuals who received more than $100,000 of reportable compensation from the organization	3	4
Total number of independent contractors who received more than $100,000 of compensation from the organization	0	0

	2011	2012	2013
Statement of Revenue
Total revenue	$10,817,493	$13,516,404	$11,047,506
Contributions, Gifts, Grants and Other Similar Amounts	$8,046,404	$9,680,797	$5,648,277
Program Service Revenue	$420,174	$412,189	$478,477
900099		$385,110	$456,465
900099		$27,079	$22,012
All other program service revenue		$0	$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)	$1,959,054	$3,088,459	$2,494,294
Income from investment of tax-exempt bond proceeds	$0	$0	$0
Royalties	$2,254	$278	$109
Net rental income	$38,065	$33,160	$33,589
Gross rents (Real / Personal)	$38,065 / $0	$33,160 / $0	$33,589 / $0
Less: rental expenses (Real / Personal)	$0 / $0	$0 / $0	$0 / $0
Rental income or (loss) (Real / Personal)	$38,065 / $0	$33,160 / $0	$33,589 / $0
Net gain/loss from sales of assets other than inventory	$0	$0	$0
Net income/loss from fundraising events	$0	$0	$0
Net income/loss from gaming activities	$0	$0	$0
Net income/loss from sales of inventory	$192,214	$155,645	$1,053,394
Gross sales of inventory, less returns and allowances	$452,984	$469,922	$1,456,605
Less: cost of goods sold	$260,770	$314,277	$403,211
Miscellaneous Revenue	$159,328	$145,876	$1,339,366
900099		$145,876	$1,183,810
900099		$0	$155,556
All other revenue		$0	$0

	2011	2012	2013
Statement of Functional Expenses
Total functional expenses	$9,656,056	$12,823,212	$11,367,643
Grants and other assistance to domestic organizations and domestic governments		$2,665,000	$2,125,784
Grants and other assistance to domestic individuals		$0	$0
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals		$0	$0
Benefits paid to or for members		$0	$0
Compensation of current officers, directors, trustees, and key employees	$1,020,335	$737,879	$783,797
Compensation not included above, to disqualified persons		$0	$0
Other salaries and wages	$2,661,191	$3,039,955	$3,186,060
Pension plan accruals and contributions		$225,279	$231,643
Other employee benefits		$309,844	$318,106
Payroll taxes	$243,826	$259,092	$267,020
Fees for services (non-employees)
Management		$0	$0
Legal		$1,860	$2,757
Accounting		$43,029	$164,827
Lobbying		$0	$0
Professional fundraising services	$0	$0	$0
Investment management fees		$0	$0
Other		$0	$0
Advertising and promotion		$0	$0
Office expenses		$105,546	$94,892
Information technology		$710	$550
Royalties		$0	$0
Occupancy		$600,980	$525,571
Travel		$84,836	$119,710
Payments of travel or entertainment expenses for any federal, state, or local public officials		$0	$0
Conferences, conventions, and meetings		$0	$0
Interest		$19,286	$18,036
Payments to affiliates		$0	$0
Depreciation, depletion, and amortization		$302,066	$308,273
Insurance		$179,800	$164,010
Other expenses		$1,975,058	$1,413,178
Other expenses		$969,689	$516,551
Other expenses		$531,582	$427,896
Other expenses		$253,095	$201,439
Other expenses		$518,626	$497,543

	2011	2012	2013
Balance Sheet
Total assets	$31,421,456	$30,684,077	$31,480,980
Cash - non-interest-bearing		$1,165,833	$1,340,516
Savings and temporary cash investments		$751,104	$813,827
Pledges and grants receivable, net		$10,000	$72,500
Accounts receivable, net		$0	$0
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees		$0	$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations		$0	$0
Notes and loans receivable, net		$0	$0
Inventories for sale or use		$333,000	$254,545
Prepaid expenses and deferred charges		$910,675	$338,260
Land, buildings, and equipment: cost or other basis		$1,961,643	$2,485,617
Investments - publicly traded securities		$0	$0
Investments - other securities		$24,242,444	$26,168,615
Investments - program-related		$0	$0
Intangible assets		$0	$0
Other assets		$1,309,378	$7,100
Total liabilities	$1,329,733	$1,591,912	$782,781
Accounts payable and accrued expenses		$401,645	$293,415
Grants payable		$0	$0
Deferred revenue		$0	$0
Tax-exempt bond liabilities	$0	$0	$0
Escrow or custodial account liability		$0	$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons		$0	$0
Secured mortgages and notes payable to unrelated third parties	$557,069	$523,843	$489,366
Unsecured notes and loans payable to unrelated third parties	$0	$0	$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)		$666,424	$0
Total net assets or fund balances	$30,091,723	$29,092,165	$30,698,199
Unrestricted net assets		$4,308,828	$4,005,572
Temporarily restricted net assets		$540,893	$524,012
Permanently restricted net assets		$24,242,444	$26,168,615
Capital stock or trust principal, or current funds		$0	$0
Paid-in or capital surplus, or land, building, or equipment fund		$0	$0
Retained earnings, endowment, accumulated income, or other funds	$0	$0	$0

Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:	An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Number of organizations supported	0
Sum of amounts of support	$0

	2009 - 2013 Total
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013)
Public Support	$11,622,704
Subtotal Support	$35,136,968
Gifts, grants, contributions, and membership fees received	$35,136,968
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf	$0
The value of services or facilities furnished by a governmental unit to the organization without charge	$0
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support	$23,514,264
Total Support	$47,597,800
Public Support	$35,136,968
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources	$11,288,271
Net income from unrelated business activities, whether or not the business is regularly carried on	$0
Other income. Do not include gain or loss from the sale of capital assets	$1,172,561
Gross receipts from related activities, etc.	$4,306,310

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Id	Name	Address	State	Established	Total Income
Organizations performing similar types of work
1	Fort Worth Art Association, Dba Modern Art Museum Of Fort Worth	3200 Darnell St, Fort Worth, TX 76107-2872	TX	1940-11	$12,984,299
2	Houston Festival Foundation Inc	3711 Clinton Dr, Houston, TX 77020-6229	TX	1980-01	$2,135,325
3	South Texas Institute For The Arts	1902 N Shoreline Blvd, Corp Christi, TX 78401-1138	TX	1957-06	$1,525,804
4	Mayfest Inc	6115 Camp Bowie Blvd Ste 160, Fort Worth, TX 76116-5550	TX	1987-05	$1,351,756
5	Black Academy Of Arts And Letters Inc	650 S Griffin St, Dallas, TX 75202-5005	TX	1983-06	$1,345,382
6	Guadalupe Cultural Arts Center	1300 Guadalupe St, San Antonio, TX 78207-5519	TX	1980-03	$1,338,286
7	Orange Show Foundation	2402 Munger St, Houston, TX 77023-5140	TX	1982-09	$1,202,083
8	The Louise Hopkins Underwood Center For The Arts	For The Arts, Lubbock, TX 79401	TX	1998-01	$1,182,320
9	Texas Folklife Resources	1708 Houston St, Austin, TX 78756-1219	TX	1985-07	$413,744
10	San Antonio Mobility Coalition Inc	13526 George Rd Ste 107, San Antonio, TX 78230-3076	TX	2002-09	$333,191
11	San Anto Cultural Arts Inc	2120 El Paso St, San Antonio, TX 78207-5327	TX	1997-07	$313,867
12	Texas City Cultural Arts Foundation Inc	PO BOX 2608, Texas City, TX 77592-2608	TX	2001-06	$223,134
13	Riofest Inc	PO BOX 531105, Harlingen, TX 78553-1105	TX	1989-07	$179,730
14	Round Rock Area Arts Council	PO BOX 5981, Round Rock, TX 78683	TX	2009-08	$70,402
15	Ennis Arts Commission	Po Box 220, Ennis, TX 75120	TX	2000-08	$0
16	Filipino Folk Arts Theatre	3198 Royal Ln Ste 106, Dallas, TX 75229-3794	TX	1996-06	$0
17	Media	3412 La Branch St, Houston, TX 77004-3841	TX	1999-07	$0
18	Nka Ndito Efik U S A Incorporated	PO BOX 820894, Dallas, TX 75382-0894	TX	1999-08	$0
19	Texas Folklore Society	Po Box 13007 Sfa Station, Nacogdoches, TX 75962	TX	1969-05	$0
20	Texas International Folk Dancers	P O Box 4516, Austin, TX 78765-4516	TX	1964-01	$0

Number of organizations performing similar types of work

Alaska	4
Alabama	5
Arkansas	8
Arizona	9
California	76
Colorado	18
Connecticut	14
District of Columbia	5
Delaware	1
Florida	33
Georgia	11
Hawaii	12
Iowa	6
Idaho	2
Illinois	20
Indiana	5
Kansas	10
Kentucky	4
Louisiana	11
Massachusetts	31
Maryland	19
Maine	6
Michigan	21
Minnesota	15
Missouri	11
Mississippi	2

Montana	7
North Carolina	27
North Dakota	2
Nebraska	6
New Hampshire	4
New Jersey	18
New Mexico	4
Nevada	2
New York	75
Ohio	23
Oklahoma	4
Oregon	11
Pennsylvania	38
Rhode Island	3
South Carolina	5
South Dakota	2
Tennessee	15
Texas	34
Utah	8
Virginia	24
Vermont	10
Washington	16
Wisconsin	13
West Virginia	9
International	1

Total

720

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