2014-02-15T11:48:54-06:00 2013-06-30 752393478 WHITLEY PENN LLP 8343 DOUGLAS AVENUE STE 400 DALLAS TX 75225 990 2012-07-01 454746777 FORT WORTH ART ASSOCIATION ENDOWMENT FOUNDATION FORT 8177389215 3200 DARNELL STREET FORT WORTH TX 76107 AMAR TANNA 8177389215 2014-02-13 1 CURTIS MAXFIELD P00445178 2143939300 2012 2015-11-30 17:44:51Z X ARDON MOORE 3200 DARNELL STREET FORT WORTH TX 76107 19484458 0 X N/A X 2012 TX TO OPERATE EXCLUSIVELY FOR THE BENEFIT OF THE FORT WORTH ART ASSOCIATION, A SEC. 501(C)(3) ORGANIZATION. THE FOUNDATION IS RESPONSIBLE FOR THE ADMINISTRATION OF THE LONG TERM INVESTMENTS HELD FOR THE BENEFIT OF THE ASSOCIATION AND ITS AFFILIATES. 3 3 0 0 1627 627 2030784 0 -959576 -28673 1042535 2371742 0 0 0 0 184180 2555922 -1513387 89388290 0 89388290 TO OPERATE EXCLUSIVELY FOR THE BENEFIT OF THE FORT WORTH ART ASSOCIATION, A SEC. 501(C)(3) ORGANIZATION. THE FOUNDATION IS RESPONSIBLE FOR THE ADMINISTRATION OF THE LONG TERM INVESTMENTS HELD FOR THE BENEFIT OF THE ASSOCIATION AND ITS AFFILIATES. 0 0 2371742 2371742 THE FORT WORTH ART ASSOCIATION ENDOWMENT FOUNDATION IS A GROUP OF FUNDS HELD FOR THE PURPOSE OF FUNDING ART PURCHASES AND OTHER PROGRAM SERVICES IN SUPPORT OF THE FORT WORTH ART ASSOCIATION. 2371742 1 1 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 X 3 3 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 X JOANETTE GARWOOD 8177389215 3200 DARNELL STREET FORT WORTH TX 76107 X ARDON MOORE 0.50 0.00 X X 0 0 0 AMAR TANNA 0.50 1.00 X X 0 0 0 RAFA GARZA 0.50 1.00 X X 0 0 0 0 0 0 0 0 0 0 LUTHER KING CAPITAL MGMT 301 COMMERCE STREET SUITE 1600 FORT WORTH TX 76102 INVESTMENT SERVICES 165151 1 2030784 2030784 830779 830779 16651568 18441923 -1790355 -1790355 -1790355 MISCELLANEOUS INCOME 900099 32199 32199 NET LOSS FROM PARTNERSHIPS 900099 -60872 1627 -62499 -28673 1042535 0 1627 -989876 2371742 2371742 INVESTMENT EXPENSES 184180 184180 2555922 2371742 184180 0 50444620 38674652 0 269018 0 89388290 0 0 X 42076518 34961772 12350000 0 89388290 0 89388290 X -1513387 11632083 79269594 X X 0 1 X 1 0 X X X 0 0 0 FORT WORTH ART ASSOC 751107061 LINE 7 1 1 1 2371742 1 2371742 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 81300378 10643834 2371742 184180 89388290 0.47070 0.13820 0.39110 0 0 0 LIMITED PARTNERSHIPS 15617589 F OFFSHORE FUNDS 23057063 F 38674652 X 12490438 11632083 11632083 858355 184180 184180 1042535 2371742 0 2371742 184180 184180 2555922 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE ENDOWMENT FUNDS ARE HELD FOR THE PURPOSE OF FUNDING ART PURCHASES AND OTHER PROGRAM SERVICES IN SUPPORT OF THE FORT WORTH ART ASSOCIATION. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AS AN ORGANIZATION OTHER THAN A PRIVATE FOUNDATION. FASB ASC TOPIC NO. 740, INCOME TAXES, PRESCRIBES A COMPREHENSIVE MODEL FOR THE FINANCIAL STATEMENT RECOGNITION, MEASUREMENT, PRESENTATION AND DISCLOSURE OF UNCERTAIN TAX POSITIONS. MANAGEMENT OF THE FOUNDATION BELIEVES THAT IT HAS NOT TAKEN A TAX POSITION THAT, IF CHALLENGED, WOULD HAVE A MATERIAL EFFECT ON THE FOUNDATION'S FINANCIAL STATEMENTS. THE FOUNDATION FILES FORMS 990 AND 990-T IN THE UNITED STATES FEDERAL JURISDICTION. NO TAX RETURNS ARE CURRENTLY UNDER EXAMINATION BY ANY TAX AUTHORITIES. 1 FORT WORTH ART ASSOCIATION 3200 DARNELL STREET FORT WORTH TX 76107 751107061 501(C)(3) 2371742 FUND ART PURCHASES AND OTHER PROGRAM SERVICES IN SUPPORT OF THE FORT WORTH ART ASSOCIATION. 1 1 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE ORGANIZATION MONITORS THE USE OF GRANTS MADE TO THE FORT WORTH ART ASSOCIATION BY HAVING COMMON BOARD MEMBERS. FORM 990, PART VI, SECTION A, LINE 2 ARDON MOORE AND AMAR TANNA ARE EMPLOYED BY THE SAME EMPLOYER. FORM 990, PART VI, SECTION A, LINE 8A THERE WERE NO MEETINGS OF THE GOVERNING BODY IN THE CURRENT YEAR. HOWEVER, ALL MEETINGS OF THE GOVERNING BODY ARE CONTEMPORANEOUSLY DOCUMENTED. FORM 990, PART VI, SECTION A, LINE 8B THERE WERE NO MEETINGS OF THE GOVERNING BODY IN THE CURRENT YEAR. HOWEVER, ALL MEETINGS OF THE GOVERNING BODY ARE CONTEMPORANEOUSLY DOCUMENTED. FORM 990, PART VI, SECTION B, LINE 11 BOTH THE MUSEUM DIRECTOR AND THE CFO OF THE FORT WORTH ART ASSOCIATION REVIEW FORM 990 IN DETAIL PRIOR TO FILING. FORM 990 IS MADE AVAILABLE TO THE GOVERNING BODY FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C LINE 12C DESCRIPTION: DIRECTORS ARE REQUIRED TO ANNUALLY DISCLOSE CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15: THE ORGANIZATION HAS NO COMPENSATED EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND FORM 990 AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: CONTRIBUTION FROM FORT WORTH ART ASSOCIATION ENDOWMENT TRUST 79,269,594. FINANCIAL REPORTING OVERSIGHT FORM 990, PART XI, LINE 2C THE BOARD OF DIRECTORS IS RESPONSIBLE FOR THE OVERSIGHT OF THE FINANCIAL REPORTING PROCESS. CONTRIBUTION OF ASSETS AND LIABILITIES TO FWAAEF FORM 990, PART XI, LINE 9 ALL OF THE ASSETS AND LIABILITIES OF THE FORT WORTH ART ASSOCIATION ENDOWMENT TRUST (EIN:75-2544018) WERE CONTRIBUTED TO THE FORT WORTH ART ASSOCIATION ENDOWMENT FOUNDATION (EIN:45-4746777). FORM 990T AS DISCUSSED ABOVE, ALL ASSETS OF THE FORT WORTH ART ASSOCIATION ENDOWMENT TRUST (EIN:75-2544018) WERE TRANSFERRED TO THE FORT WORTH ART ASSOCIATION ENDOWMENT FOUNDATION (EIN:45-4746777). AS SUCH, THE UNRELATED INCOME/LOSS FROM THE INVESTMENT PARTNERSHIPS, ROCKEFELLER BALANCED FUND LP (EIN:13-3265515) AND RASF SPV LLC (EIN:80-0389874), ARE REPORTED ON THE FORT WORTH ART ASSOCIATION ENDOWMENT FOUNDATION FORM 990-T. FORT WORTH ART ASSOCIATION 3200 DARNELL STREET FORT WORTH TX 76107 751107061 OPERATION OF THE MODERN ART MUSEUM TX 501(C)(3) LINE 7 N/A 0 FORT WORTH ART ASSOCIATION ENDOWMENT TRUST 3200 DARNELL STREET FORT WORTH TX 76107 752544018 PROVIDES CONTRIBUTIONS TO THE FORT WORTH ART ASSOCIATION TX 501(C)(3) LINE 11A, I N/A 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 FORT WORTH ART ASSOCIATION B 2371742 CASH FORT WORTH ART ASSOCIATION C 2030784 CASH FORT WORTH ART ASSOCIATION ENDOWMENT TRUST S 79269594 FMV OTHER TRANSFER OF CASH OR OTHER PROPERTY TO OTHER ORGANIZATION FORM 990, SCHEDULE R, PART V, LINE 2 ALL OF THE ASSETS AND LIABILITIES OF THE FORT WORTH ART ASSOCIATION ENDOWMENT TRUST (EIN:75-2544018) WERE CONTRIBUTED TO THE FORT WORTH ART ASSOCIATION ENDOWMENT FOUNDATION (EIN:45-4746777).