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Dallas Symphony Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 751529851 ✦ Dallas, TX ✦ Designated as a 501(c)(3)

Overview

What is Dallas Symphony Foundation?

The Dallas Symphony Foundation is a nonprofit organization, headquartered at 2301 Flora Street, Suite 300, Dallas, Texas 75201, dedicated to managing and investing an endowment fund for the Dallas Symphony Association. With a mission to further the purposes of the Dallas Symphony Association, the Foundation made a significant distribution of $9,657,866 during the fiscal year ending May 31, 2022. In response to the COVID-19 pandemic, the Foundation's Board approved special distributions totaling $6,000,000, providing additional financial support to the Association. These funds, amounting to $4 million for the year ending May 31, 2021, and $2 million for the year ending May 31, 2022, were allocated for the Association's support and operation.


Official website here: www.dallassymphony.org

Is Dallas Symphony Foundation legitimate?

Dallas Symphony Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dallas Symphony Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.dallassymphony.org

What is the mission statement of Dallas Symphony Foundation?

The Dallas Symphony Foundation serves the Dallas Symphony Association by managing and investing an endowment fund. Its primary role is to make annual distributions from this fund to support the association's activities. In the fiscal year of 2021-2022, the foundation distributed $9.7 million to the association as an annual distribution. In response to the COVID-19 crisis, the foundation's board approved additional special distributions of $6 million to provide extra financial assistance to the association. These funds were allocated for the association's use in its support and operation during the following fiscal years.


Official website here: www.dallassymphony.org

Who is the CEO of Dallas Symphony Foundation?

Coley Clark is the Board Member of Dallas Symphony Foundation.


Official website here: www.dallassymphony.org

What is the revenue of Dallas Symphony Foundation?

Dallas Symphony Foundation's revenue in 2022 was $12,980,267.


Official website here: www.dallassymphony.org

Who are the executives of Dallas Symphony Foundation and what are their salaries?

Here are 15 key members and their salaries:

    Harold M Brierley (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jeffrey M Robinson (Board Member - Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Richard Schulze (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Cherryl Peterman (Board Member-Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Yon Y Jorden (Board Member - Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Brian Ratner (Board Member - Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Coley Clark (Board Member - President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joseph F Hubach (Board Member - Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Dayton (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ron Mankoff (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Linda Mcfarland (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robert E Segert (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Melissa Ruman Stewart (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Maisie Heiken (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Andrew Nall (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.dallassymphony.org

    Where can I find the form 990 for Dallas Symphony Foundation?

    The Dallas Symphony Foundation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.dallassymphony.org

    Learn more at the official website: www.dallassymphony.org

    Mission Statement of Dallas Symphony Foundation

    The Dallas Symphony Foundation serves as a vital supporter of the Dallas Symphony Association. Its primary objective is to manage and invest an endowment fund on behalf of the Dallas Symphony Association (75-0705442). Every year, the foundation makes significant distributions from this endowment to contribute to the Dallas Symphony Association's operations and support.

    During the fiscal year ending May 31, 2022, the Dallas Symphony Foundation granted $9,657,866 to the Dallas Symphony Association as an annual distribution from its endowment. In response to the challenges posed by the COVID-19 pandemic, the Foundation's Board of Directors authorized additional financial assistance. In the fiscal years ending May 31, 2021, and 2022, the Dallas Symphony Foundation provided the association with special distributions totaling $6,000,000. These funds were earmarked to bolster the Dallas Symphony Association's financial resources and aid its ongoing endeavors.

    Impact

    This information is meant to be a general summary of Dallas Symphony Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    The Dallas Symphony Foundation's impact lies in its ability to provide significant financial support to the Dallas Symphony Association, allowing the organization to thrive and fulfill its mission of promoting arts and culture in Dallas. Through managing and investing an endowment fund, the Foundation distributed over $9.6 million to the Association during the fiscal year ending May 31, 2022. Additionally, the Foundation approved special distributions totaling $6 million to provide extra financial assistance during the challenges posed by the COVID-19 pandemic. This level of financial support underscores the Foundation's crucial role in sustaining the operations and programs of the Dallas Symphony Association, ensuring the continuation of enriching cultural experiences for the community.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $9,719,271
  • Program Service Revenue: $0
  • Gross Receipts: $43,056,112

    • Assets and Liabilities:
  • Total Assets: $145,117,113
  • Total Liabilities: $73,929
  • Net Assets: $145,043,184
  • Organization Details

    Founding Year

    1976

    Principal Officer

    Coley Clark

    Main Address

    2301 FLORA STREET STE 300, DALLAS, TX, 75201

    NTEE Category

    Code: A11 - Arts

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