PERFORMING ARTS FORT WORTH INC Charity Report

Public IRS 990 nonprofit record

PERFORMING ARTS FORT WORTH INC

EIN 75-2457270 · Performing Arts Centers (A61)

What they do

to SERVE AS A PERMANENT HOME to MAJOR PERFORMING ARTS ORGANIZATIONS of FORT WORTH and AS A PREMIER VENUE for TOURING ATTRACTIONS and to PROMULGATE ARTS EDUCATION. SEE SCH. O GENERAL STATEMENT 1.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $89.10 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders49 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

91.26%of revenue went to mission work89.1% of expenses · Program services

1.58%of revenue went to fundraising1.5% of expenses

$102.40spent for every $100 of revenueSpending was higher than revenue this year.

9.56%of revenue went to management and office costs9.3% of expenses

$5.74in assets for every $1 spent this yearSome assets cannot be spent right away.

8.5%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $599,540 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $702,420 for DIONE KENNEDY (PRESIDENT & CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$24,965,670

Mission workProgram services$22,782,80391.26% of revenue89.1% of expenses

ManagementOffice and general costs$2,386,7319.56% of revenue9.3% of expenses

FundraisingAsking for donations$395,6761.58% of revenue1.5% of expenses

Total expenses$25,565,210102.40% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 89.1% mission · 9.3% management · 1.5% fundraisingTotal expenses: 102.40% of revenue

2023Expense mix: 89.3% mission · 9.4% management · 1.3% fundraisingTotal expenses: 101.38% of revenue

2022Expense mix: 88.3% mission · 10.5% management · 1.3% fundraisingTotal expenses: 114.26% of revenue

2021Expense mix: 90.0% mission · 9.1% management · 1.0% fundraisingTotal expenses: 73.29% of revenue

2020Expense mix: 79.7% mission · 19.2% management · 1.2% fundraisingTotal expenses: 121.96% of revenue

2019Expense mix: 88.0% mission · 9.9% management · 2.1% fundraisingTotal expenses: 117.35% of revenue

2018Expense mix: 89.0% mission · 9.1% management · 1.9% fundraisingTotal expenses: 105.40% of revenue

2017Expense mix: 89.7% mission · 8.7% management · 1.6% fundraisingTotal expenses: 95.02% of revenue

Money in and money out

Revenue$24,965,670

Expenses$25,565,210

Annual shortfall $599,540 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$22,782,803 · 89.1% of expenses

Management and office costs$2,386,731 · 9.3% of expenses

Fundraising$395,676 · 1.5% of expenses

See all reported dollar amounts

Revenue$24,965,670

Expenses$25,565,210

Assets$146,736,979

Income$44,870,199

Contributions$2,123,468

Mission work (program services)$22,782,803

Fundraising$395,676

Management and general$2,386,731

Executive compensation (total)$950,671

Stocks and bonds$64,050,564

Accounting fees$97,418

Investing fees$294,858

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

DIONE KENNEDYPRESIDENT & CEO · 40 hrs/week $702,420Base $643,018 · Other $59,402

JASON WISESENIOR VICE PRESIDENT OF OPERATIONS · 40 hrs/week $272,047Base $242,406 · Other $29,641

ALICIA DURAN CPACFO · 40 hrs/week $268,289Base $238,957 · Other $29,332

STEPHEN RORAIDIRECTOR OF INFORMATION TECHNOLOGY · 40 hrs/week $131,363Base $115,428 · Other $15,935

DAVID TIDWELLDIRECTOR OF BUILDING SERVICES · 40 hrs/week $130,106Base $118,477 · Other $11,629

JIM CARLEYDIRECTOR OF SAFETY & RISK MANAGEMENT · 40 hrs/week $127,844Base $116,864 · Other $10,980

TAYLOR WOODSDIRECTOR OF EDUCATION & COMMUNITY ENGAGEMENT · 40 hrs/week $125,595Base $108,323 · Other $17,272

PHILLIP DELEONDIRECTOR OF CRM STRATEGY · 40 hrs/week $124,673Base $112,948 · Other $11,725

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (49)

DIONE KENNEDYPRESIDENT & CEO

JASON WISESENIOR VICE PRESIDENT OF OPERATIONS

ALICIA DURAN CPACFO

STEPHEN RORAIDIRECTOR OF INFORMATION TECHNOLOGY

DAVID TIDWELLDIRECTOR OF BUILDING SERVICES

JIM CARLEYDIRECTOR OF SAFETY & RISK MANAGEMENT

TAYLOR WOODSDIRECTOR OF EDUCATION & COMMUNITY ENGAGEMENT

PHILLIP DELEONDIRECTOR OF CRM STRATEGY

ROBERT M LANSFORDDIRECTOR

KIM DARDENDIRECTOR

LISA ROSEDIRECTOR (PARTIAL YEAR)

MARK L JOHNSONDIRECTOR

MARSHA KLEINHEINZDIRECTOR (PARTIAL YEAR)

MICHAEL YACKIRADIRECTOR (PARTIAL YEAR)

PAIGE HIGGINSDIRECTOR

PAT LINARESDIRECTOR

PATRICIA H SCHUTTSBOARD VICE CHAIR EMERITUS

PRISCILLA MARTINDIRECTOR

JOANN DICKERSONDIRECTOR

ROZANNE ROSENTHALDIRECTOR

RYAN DAWSONDIRECTOR (PARTIAL YEAR)

SAINTY NELSONDIRECTOR (PARTIAL YEAR)

SHANNON RAYDIRECTOR

STACY MARSHALLDIRECTOR

TERESA KINGDIRECTOR

TIMOTHY REESDIRECTOR

WESLEY R TURNERDIRECTOR

EDDIE BROUSSARDDIRECTOR

AMY HARDISON TULLYDIRECTOR

ANNE MARIE BRATTONDIRECTOR (PARTIAL YEAR)

BECKY BRUMLEYDIRECTOR

BRIAN NEWBYDIRECTOR

DANA PORTERDIRECTOR (PARTIAL YEAR)

DANA STAYTONASSISTANT SECRETARY

DAVID MCDAVIDDIRECTOR

DEE J KELLY JRBOARD VICE PRESIDENT

DR RACHAEL CAPUADIRECTOR (PARTIAL YEAR)

EBONEY COBB-MCCAINDIRECTOR

JOHN L MARIONDIRECTOR (PARTIAL YEAR)

EDWARD P BASSBOARD CHAIRMAN EMERITUS

ELAINE B AGATHERBOARD CHAIRMAN

ERICH HOLMSTENDIRECTOR

GLENN S FORBESDIRECTOR

GLORIA STARLINGDIRECTOR

JEAN ROACHBOARD SECRETARY

JENNIFER GIDDINGS BROOKSDIRECTOR

JIL BARNESDIRECTOR

JOE T LANCARTEDIRECTOR

JOEL T SAWYERBOARD VICE PRESIDENT / TREASURER

About this charity

Recognized since: January 1993
Location: 330 E 4TH STREET, FORT WORTH, TX 76102
County: Tarrant
In care of: ALICIA DURAN
Primary officer: ALICIA DURAN, CFO

How to reach them

WebsiteVisit the charity’s website Phone(817) 212-4300

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: WHITLEY PENN LLP
NTEE classification: Performing Arts Centers (A61)
IRS tax category: Performing Arts Centers