Dallas Art Fair Foundation

EIN: 461227056 501(c)(3) Arts, Culture & Humanities

Dallas, TX

Total Revenue
$276,877
Total Expenses
$240,202
Total Assets
$71,468
Net Assets
$71,468
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
TX
Principal Officer
DAVID LIU
Phone
2148717930
Tax Period
2024-01-01 to 2024-12-31

Dallas Art Fair Foundation, founded in 2012, is a small nonprofit in the Arts, Culture & Humanities sector that reported $277K in total revenue in fiscal year 2024. Revenue surged 62% from the prior year, signaling strong growth momentum. Expenses of $240K left a modest 13% surplus.

Mission

The foundation has been organized for the primary purpose to raise donations that will be used to promote appreciation of the arts in Dallas County, Texas. The Foundation will conduct an annual fund raising event to be called the Dallas Art Fair Gala (the Gala). Patrons of the arts community will be invited to make donations through the purchase of tickets to attend this educational event and celebration of the arts. All proceeds from the Gala will be distributed to charitable or educational beneficiaries in the arts community. The charitable and educational beneficiaries of the proceeds from the Gala will be selected each year by the directors of the Foundation based on merit and need.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $77,212
Program Service Revenue $190,066
Investment Income $0
Other Revenue $9,599
TOTAL REVENUE $276,877

Expense Breakdown

Grants Paid $130,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $240,202
Other Expenses $110,202
TOTAL EXPENSES $240,202

Year-over-Year Comparison

2024 2023 Change
Revenue $276,877 $171,329 +0.6%
Expenses $240,202 $199,279 +0.2%
Net Income $36,675 $-27,950 -2.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
N/A
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARLENE FOGARTY SUGRUE Director 1.00
Director
$0 $0 $0
CLIFF RISMAN Director 1.00
Director
$0 $0 $0
CHRISTINA JAFAR Director 1.00
Director
$0 $0 $0
MITA STERN Treasurer 1.00
Officer Director
$0 $0 $0
CHRIS STEWART Director 1.00
Director
$0 $0 $0
DAVID LIU Chairman/dir 1.00
Officer Director
$0 $0 $0
JENNIFER KLOS Secretary 1.00
Officer Director
$0 $0 $0
ROD SAGER Director 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $276,877 $240,202 $71,468 $36,675
2023 $171,329 $199,279 $34,793 $-27,950
2022 $231,644 $241,252 $62,743 $-9,608
2021 $42,163 $46,814 $72,351 $-4,651
2020 $114,207 $106,785 $77,002 $7,422
2019 $300,104 $369,831 $69,580 $-69,727
2018 $432,651 $365,484 $139,307 $67,167
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