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Fort Worth Art Association

Fort Worth, TX · EIN 75-1107061 · 501(c)(3) · Publicly supported organization (170(b)(1)(A)(vi))
Latest filing: Form 990 for the fiscal year ending June 30, 2025 (tax year 2024) · View the filing · Correct or respond

Fort Worth Art Association reported $21.0 million in revenue and $17.2 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $68.11 went to program services, $31.89 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 50.2% of the total. The highest compensation it reported for one person was $728,452 (MUSEUM DIRECTOR). 10 people received more than $100,000 in reportable compensation. Revenue rose 67% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $17M

For context, the median across 876 covered arts, culture & humanities charities: $79.98 programs, $13.89 management, $6.13 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $21M

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 876 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
68.1%78.5%
Management & general
Part IX 25(C) ÷ 25(A)
31.9%13.6%
Fundraising
Part IX 25(D) ÷ 25(A)
0.0%6.0%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.00$0.10
Contributions & grants share of revenue
Part VIII 1h ÷ 12
50.2%57.5%
Government grants share of revenue
Part VIII 1e ÷ 12
0.0%1.7%
Program service revenue share
Part VIII 2g ÷ 12
2.1%20.8%
Highest reported compensation
Part VII-A, columns D–F
$728,452$385,706
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
4.24%2.03%
People paid over $100,000
Part VII, line 2
108
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
76.336.6
Independent voting board members
Part VI 1a–1b
66 of 66100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense
$12M expenses · 100.0% of program spending · grants $150K · revenue $807K

The Fort Worth Art Association was established to acquire a collection of works of modern art of the highest quality and to promulgate and maintain a program of art activities and art education in Fort Worth, texas, for public use and benefit

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
MUSEUM DIRECTOR
Key employee, 35.00 hrs/week
$697,066$0$31,386$728,452
CHIEF FINANCIAL OFFICER
Key employee, 35.00 hrs/week
$337,596$0$15,780$353,376
CHIEF CURATOR
Officer, 35.00 hrs/week
$216,392$0$23,693$240,085
CIO
Officer, 35.00 hrs/week
$137,799$0$17,259$155,058
DIRECTOR OF SECURITY
Highest compensated employee, 35.00 hrs/week
$140,498$0$8,565$149,063
DIRECTOR OF HUMAN RESOURCES
Highest compensated employee, 35.00 hrs/week
$135,000$0$7,837$142,837
HEAD OF EXHIBITION & COLLECTION MANAGEMENT
Highest compensated employee, 35.00 hrs/week
$125,700$0$16,056$141,756
FACILITIES MANAGER
Highest compensated employee, 35.00 hrs/week
$120,634$0$13,820$134,454

10 people received more than $100,000 in reportable compensation from Fort Worth Art Association (Part VII, line 2). Compensation of current officers, directors and key employees totaled $860K (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$10M$20M$30M$40MFY2020FY2021FY2022FY2023FY2024FY2025$21M$17M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$21M$17M68.1%$109M$728,452
FY2024 ⓘ$19M$22M75.5%$95M$682,509
FY2023 (amended) ⓘ$19M$17M70.9%$75M$664,780
FY2022 ⓘ$17M$12M66.8%$70M$579,508
FY2021 ⓘ$13M$16M75.7%$74M$566,787
FY2020 ⓘ$13M$13M66.3%$67M$583,968

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b66 · 66 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2Yes
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 5111
  • Volunteers Part I, line 675

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only
MASTERPIECE INTERNATIONAL LTD LLC
Logistics
$607,019
HIGGINBOTHAM INSURANCE AGENCY INC
Insurance services
$264,645
WOLFGANG PUCK CATERING
Catering and events
$262,501
HUNTINGTON T BLOCK INSURANCE AGENCY
Insurance services
$239,090
KOYA LEADERSHIP PARTNERS LLC
Consulting services
$165,457

Individuals listed as contractors are left out. 7 contractors were paid more than $100,000 in all.

Private foundation grants it received

7 private foundations reported grants to Fort Worth Art Association totaling $9.1M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from Fort Worth Art Association's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Fort Worth Art Association, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All arts, culture & humanities charities · Largest charities in Texas

Questions people ask

How much of Fort Worth Art Association's spending goes to programs?

In the fiscal year ending June 30, 2025, Fort Worth Art Association reported that 68.1% of its $17.2 million in expenses went to program services, 31.9% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Fort Worth Art Association pay its top executive?

The largest total compensation Fort Worth Art Association reported for one person in the fiscal year ending June 30, 2025 was $728,452, for the role of MUSEUM DIRECTOR (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Fort Worth Art Association get its money?

Of $21.0 million in revenue in the fiscal year ending June 30, 2025, 50.2% came from contributions and grants and 2.1% from program service revenue (Form 990, Part VIII).

Is Fort Worth Art Association a registered charity?

The IRS lists EIN 75-1107061 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202631279349303218 · read the filing
  • FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202500739349301710 · read the filing
  • FY2023: Form 990 for the fiscal year ending June 30, 2023 (amended), object 202500389349301215 · read the filing
  • FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202300869349300625 · read the filing
  • FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202221269349300217 · read the filing
  • FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202110679349300916 · read the filing

All filings for EIN 75-1107061: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.