TexArts Association for Visual & Performing Arts

EIN: 861150456 501(c)(3) Arts, Culture & Humanities

Lakeway, TX

Total Revenue
$2,704,121
Total Expenses
$1,169,618
Total Assets
$5,774,680
Net Assets
$1,930,236
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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
TX
Phone
5128529079
Tax Period
2023-09-01 to 2024-08-31

TexArts Association for Visual & Performing Arts, founded in 2005, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.7M in total revenue in fiscal year 2023. Revenue surged 143% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.5M, a strong 57% operating margin.

Mission

TexARTS is an arts education and performance destination that builds character, professionalism, and careers. Its mission is to cultivate a thriving arts community by exposing all people to the visual and performing arts. TexARTS prepares and promotes exceptional young talent to achieve their fullest potential as artists, leaders, and global citizens. TexARTS is recognized throughout the region for its world-class professional theatre and educational programs.

Program Service Accomplishments

Program 1
Expenses: $1,036,021

Music Theater Academy: Process-based instruction in music, dance, and theater for young people ages seven through college and some adult classes. Instruction is given by core Austin area...

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Music Theater Academy: Process-based instruction in music, dance, and theater for young people ages seven through college and some adult classes. Instruction is given by core Austin area professionals as well as regularly visiting guest artists/teachers from Broadway film, television, and top university programs, nation-wide. This program is conducted year-round.Performance/Production Series: Professional performances of classic American musicals incorporating a handful of Broadway performers, directors, and/or choreographers and/or musical directors with Austin and Central Texas professionals as well as TexArts' musical theater academy students. Guests artists strive to "give back" professional expertise and skill.General Programs - expenses that benefit the overall exempt purposes of TexARTS and the programs listed above, such as personnel costs, occupancy, and other.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,871,346
Program Service Revenue $442,847
Investment Income $387,126
Other Revenue $2,802
TOTAL REVENUE $2,704,121

Expense Breakdown

Grants Paid $0
Salaries & Benefits $284,980
Fundraising Expenses $16,820
Program Expenses $1,036,021
Other Expenses $869,638
TOTAL EXPENSES $1,169,618

Year-over-Year Comparison

2023 2022 Change
Revenue $2,704,121 $1,110,893 +1.4%
Expenses $1,169,618 $887,157 +0.3%
Net Income $1,534,503 $223,736 +5.9%
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
6
Independent Members
6
Employees
8
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
2
$75,538
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Sandy Cox Exec Director 40.00
Officer
$75,538 $0 $75,538
Natanya Anderson Chairperson 1.00
Officer Director
$0 $0 $0
John W Holcroft Director 1.00
Director
$0 $0 $0
Ada Jerman Director 1.00
Director
$0 $0 $0
Sylvia Kehle Director 1.00
Director
$0 $0 $0
Nikki Rex Director 1.00
Director
$0 $0 $0
Sharon Rogers 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
2025 No data No data No data No data
2024 $2,704,121 $1,169,618 $5,774,680 $1,534,503
2023 $1,110,893 $887,157 $4,253,889 $223,736
2022 $732,456 $737,490 $145,478 $-5,034
2021 $686,024 $525,455 $193,005 $160,569
2020 $484,914 $554,090 $68,987 $-69,176
2019 $730,283 $702,688 $107,373 $27,595
2018 $661,697 $756,795 $45,228 $-95,098
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