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Multipurpose Arena Fort Worth

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

EIN: 812774292 ✦ Fort worth, TX ✦ Designated as a 501(c)(3)

Overview

What is Multipurpose Arena Fort Worth?

Multipurpose Arena Fort Worth is a nonprofit organization based in Fort Worth, Texas, with a mission to alleviate the burden on the city. They lease, manage, and operate the city-owned multipurpose arena, which opened in October 2019, adjacent to the Will Rogers Memorial Center. The organization also manages and supports the operation of other facilities, including parking garages, surface parking facilities, and Will Rogers Memorial Center facilities, which are owned by Event Facilities Fort Worth, Inc. and the City of Fort Worth. By effectively managing these facilities, Multipurpose Arena Fort Worth contributes to the community, reducing financial costs and risks for the city and its residents.


Official website here: www.dickiesarena.com

Is Multipurpose Arena Fort Worth legitimate?

Multipurpose Arena Fort Worth is a legitimate nonprofit organization registered as a 501(c)(3) entity. Multipurpose Arena Fort Worth 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: $1,533,027
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,579,590

For more financial information, click here


Official website here: www.dickiesarena.com

What is the mission statement of Multipurpose Arena Fort Worth?

Multipurpose Arena Fort Worth is organized and operated with the goal of alleviating the burdens of the city by managing and operating facilities, primarily the city-owned arena. The corporation ensures the efficient operation of these facilities, including garages, parking areas, and other structures, all without causing significant financial costs or risks to the city and its residents. By overseeing these operations, Multipurpose Arena Fort Worth supports the community in various ways, contributing to the overall well-being of the city.


Official website here: www.dickiesarena.com

Who is the CEO of Multipurpose Arena Fort Worth?

Matthew D Homan is the Chairman of Multipurpose Arena Fort Worth.


Official website here: www.dickiesarena.com

What is the revenue of Multipurpose Arena Fort Worth?

Multipurpose Arena Fort Worth's revenue in 2022 was $62,812,893.


Official website here: www.dickiesarena.com

Who are the executives of Multipurpose Arena Fort Worth and what are their salaries?

The average compensation at Multipurpose Arena Fort Worth during 2022 was $6,629. There are 1,073 employees at Multipurpose Arena Fort Worth.

Here are 16 key members and their salaries:

    Matthew D Homan (President)
  • Compensation: $494,203
  • Related: $0
  • Other: $36,363

    • Julie E Margolin (Vp Of Food And Beverage)
  • Compensation: $263,536
  • Related: $0
  • Other: $18,301

    • Nicole P Epps (Vp And Cfo)
  • Compensation: $249,768
  • Related: $0
  • Other: $18,611

    • William E Shaw Iii (Vp Of Operations)
  • Compensation: $209,813
  • Related: $0
  • Other: $12,681

    • Megan Poole (Accounting Manager)
  • Compensation: $111,920
  • Related: $0
  • Other: $12,081

    • Lee Harris (Chief Engineer)
  • Compensation: $105,900
  • Related: $0
  • Other: $12,044

    • Gabriela Flores (Manager Of Concessions Operations)
  • Compensation: $101,151
  • Related: $0
  • Other: $11,787

    • David Wetli (Executive Chef)
  • Compensation: $101,935
  • Related: $0
  • Other: $7,737

    • Edward P Bass (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lillie Biggins (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Francisco Hernandez (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dee J Kelly Jr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • William Meadows (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Leonard Firestone (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David Cooke (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dana Stayton (Assistant Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.dickiesarena.com

    Where can I find the form 990 for Multipurpose Arena Fort Worth?

    The Multipurpose Arena Fort Worth’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.dickiesarena.com

    Learn more at the official website: www.dickiesarena.com

    Mission Statement of Multipurpose Arena Fort Worth

    Multipurpose Arena Fort Worth, a nonprofit organization, is on a mission to alleviate the burdens of Fort Worth, Texas, by managing and operating various city-owned facilities. The corporation, established for this noble purpose, took over the operation of the city-owned Multipurpose Arena that opened in October 2019. This arena, adjacent to the Will Rogers Memorial Center, is now run by the organization with minimal financial risk or costs to the city and its residents.

    In addition to the Multipurpose Arena, Multipurpose Arena Fort Worth manages, operates, and supports the operation of other facilities. These include garage and surface parking facilities, Will Rogers Memorial Center facilities, and other structures owned by Event Facilities Fort Worth, Inc., a 501(c)(3) organization, and the City of Fort Worth. By undertaking these responsibilities, the organization significantly lessens the burden on the city and encourages agricultural pursuits.

    Impact

    This information is meant to be a general summary of Multipurpose Arena Fort Worth. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    The impact of Multipurpose Arena Fort Worth is significant in enhancing the city's recreational and cultural offerings. By managing and operating the city-owned multipurpose arena, the organization provides a venue for various events, performances, and agricultural pursuits. This not only adds to the vibrancy of Fort Worth but also generates economic activity and tourism. Additionally, by shouldering the financial responsibilities associated with the arena's operation, Multipurpose Arena Fort Worth alleviates the burden on the city and its residents. Overall, the organization plays a key role in enriching the community and promoting a diverse range of activities in Fort Worth.





    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: $39,872
  • Program Service Revenue: $59,273,539
  • Gross Receipts: $62,812,893

    • Assets and Liabilities:
  • Total Assets: $113,490,579
  • Total Liabilities: $127,125,713
  • Net Assets: -$13,635,134
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    EVENT REVENUE

    Revenue

    $29,156,092

    PREMIUM SEATING REVENUE

    Revenue

    $8,826,000

    MANAGEMENT FEE & RENT

    Revenue

    $7,622,560

    SPONSORSHIP REVENUE

    Revenue

    $4,919,994

    PARKING REVENUE

    Revenue

    $4,405,773

    Organization Details

    Founding Year

    2016

    Principal Officer

    Matthew D Homan

    Main Address

    1911 MONTGOMERY ST, FORT WORTH, TX, 76107

    NTEE Category

    Code: N31 - Recreation

    If you are a representative of Multipurpose Arena Fort Worth and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.