James Dick Foundation for the Performing Arts

EIN: 741732353 501(c)(3) Arts, Culture & Humanities

Round Top, TX

Total Revenue
$2,997,978
Total Expenses
$3,017,613
Total Assets
$17,336,688
Net Assets
$17,194,551
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Financial Trends

Organization Details

Formation Year
1972
Legal Domicile
TX
Principal Officer
James Dick
Phone
9792493129
Tax Period
2023-09-01 to 2024-08-31

James Dick Foundation for the Performing Arts, founded in 1972, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.0M in total revenue in fiscal year 2023. Revenue fell 65% from the prior year — a significant decline worth monitoring. Net assets of $17.2M represent 69 months of operating reserves.

Mission

James Dick Foundation for the Performing Arts operates Round Top Festival Institute, a center for performance and learning, which assembles music mentors with students and experts in arts/humanities to present cultural programs for student and public benefit.

Program Service Accomplishments

Program 1
Expenses: $2,597,929 Revenue: $546,979

The James Dick Foundation for the Performing Arts was established as a school to (a) conduct education and training for young performers, (b) provide and develop an advanced level of curriculum...

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The James Dick Foundation for the Performing Arts was established as a school to (a) conduct education and training for young performers, (b) provide and develop an advanced level of curriculum, faculty and facilities for instruction and year-round public performances and (c) conduct festivals, workshops and other educational activities for artistic training, research, and education of the general public.See Schedule O for additional details. Round Top Music Festival: Annually, one hundred or so advanced young music students representing an average of eleven countries come to study under the organization's accomplished music faculty and six different conductors from around the world. The young artists work with the faculty to study and improve their instrumental and performance skills and learn and perform chamber music programs and a new orchestral concert each week. Their instruction is tuition-free. The students pay a nominal fee to cover part of their room and board. The James Dick Foundation provides housing and meals to the young artists, faculty, and guest conductors on our 110-acre campus. The August-to-April Concert Series includes a variety of performances including piano recitals, bell ringers, and brass concerts; instrumental ensembles from various universities; the Nutcracker Ballet danced by children for children of all ages; and various choral groups. These events bring over 5,000 visitors to Festival Hill each year. The events are designed to teach and entertain. Between artistic events, the campus is used for conferences. As part of community outreach, the campus is used for regional high school track meets. The hall is also used by high school bands and choral groups, and for local school graduations. Meeting facilities are also made available to other nonprofits in the area. August-to-April Forum Series: The three forums typically presented each year offer educational and exploratory experiences in the arts and humanities.- Theater Forum at Round Top - The annual three-day forum is designed to heighten the awareness of theater and the world of music through talks and performances by theatrical scholars and practitioners for students, teachers, and the general public. - Herbal Forum at Round Top - The annual two-day forum attracts between two and three hundred plant lovers, gardeners, and herbalists to the campus each year. On the first day, registrants can participate in interactive workshops on various botanical arts and culinary practices, among others. The following day offers a schedule of educational lectures and presentations in the concert hall by professionals on the culinary and medicinal benefits and uses of various herbs, plants, and spices. - Poetry at Round Top - The three-day forum is an annual festival presenting the nation's most exciting and prominent poets. Forum participants experience poetry through readings, workshops, and conversations. Manuscript consultations and workshops are offered to assist students in creative writing programs and aspiring poets from all walks of life in the craft of poetry. The forum also offers an afternoon designed for selected secondary school students and teachers, featuring training through readings and workshops.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,904,634
Program Service Revenue $753,500
Investment Income $193,763
Other Revenue $146,081
TOTAL REVENUE $2,997,978

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,037,700
Fundraising Expenses $83,929
Program Expenses $2,597,929
Other Expenses $1,979,913
TOTAL EXPENSES $3,017,613

Year-over-Year Comparison

2023 2022 Change
Revenue $2,997,978 $8,500,037 -0.6%
Expenses $3,017,613 $3,112,029 0.0%
Net Income $-19,635 $5,388,008 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
13
Independent Members
12
Employees
44
Volunteers
71

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
$81,692
Total Directors
13
$81,692
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
James Dick President 40.00
Officer Director
$44,944 $36,748 $81,692
Amanda Dealey Vice President & Secretary 1.00
Officer Director
$0 $0 $0
David Hilgers Treasurer 1.00
Officer Director
$0 $0 $0
Susan Ashcroft Trustee 1.00
Director
$0 $0 $0
Brian Becker Trustee 1.00
Director
$0 $0 $0
Paul Clote Trustee 1.00
Director
$0 $0 $0
Christopher Dealey Trustee 1.00
Director
$0 $0 $0
Jerry Herring Trustee 1.00
Director
$0 $0 $0
William T Johnson Trustee 1.00
Director
$0 $0 $0
Rodney Koenig Trustee 1.00
Director
$0 $0 $0
James Lindemann Trustee 1.00
Director
$0 $0 $0
Richel Rivers Trustee 1.00
Director
$0 $0 $0
Perry So Trustee 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
2025 No data No data No data No data
2024 $2,997,978 $3,017,613 $17,336,688 $-19,635
2023 $8,500,037 $3,112,029 $17,244,325 $5,388,008
2022 $2,672,323 $2,647,714 $10,477,163 $24,609
2021 $1,584,007 $2,118,361 $10,995,008 $-534,354
2020 $1,538,849 $2,089,731 $11,443,397 $-550,882
2019 $1,925,660 $2,574,022 $11,663,125 $-648,362
2018 $2,020,814 $2,577,412 $12,302,617 $-556,598
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