TY 2017 Form 990

(A) Name and title	(B) Average hours per week (list any hours for related organizations below dotted line)	(C) Position (do not check more than one box, unless person is both an officer and a director/trustee)	(E) Reportable compensation from related organizations (W-2/1099-MISC)
(1) ELAINE B AGATHER...................................................................... BOARD CHAIRMAN	1.00 .................	X	X
(2) JIL BARNES...................................................................... DIRECTOR	1.00 .................	X
(3) EDWARD P BASS...................................................................... CHAIRMAN EMERITUS	1.00 .................	X	X
(4) MICHAEL K BERRY...................................................................... DIRECTOR - THRU 1/3/2018	1.00 .................	X
(5) MARTIN C BOWEN...................................................................... BOARD VICE PRESIDENT / TREASURER	1.00 .................	X	X
(6) DR JENNIFER GIDDINGS BROOKS...................................................................... DIRECTOR	1.00 .................	X
(7) BECKY BRUMLEY...................................................................... DIRECTOR	1.00 .................	X
(8) EBONY COBB...................................................................... DIRECTOR	1.00 .................	X
(9) KIM DARDEN...................................................................... DIRECTOR	1.00 .................	X
(10) GLENN S FORBES...................................................................... DIRECTOR	1.00 .................	X
(11) RICHARD GARVEY...................................................................... DIRECTOR	1.00 .................	X
(12) JOHN C GOFF...................................................................... DIRECTOR	1.00 .................	X
(13) WILLIAM P HALLMAN JR...................................................................... BOARD VICE PRESIDENT	1.00 .................	X	X
(14) ANNE HELMREICH...................................................................... DIRECTOR	1.00 .................	X
(15) MARK L JOHNSON...................................................................... DIRECTOR	1.00 .................	X
(16) DEE J KELLY JR...................................................................... DIRECTOR	1.00 .................	X
(17) TERESA KING...................................................................... DIRECTOR	1.00 .................	X

(A) Name and title	(B) Average hours per week (list any hours for related organizations below dotted line)	(C) Position (do not check more than one box, unless person is both an officer and a director/trustee)	(E) Reportable compensation from related organizations (W-2/1099-MISC)
(18) MARSHA KLEINHEINZ........................................................................ DIRECTOR	1.00 .......................	X			0	0
(19) JOE T LANCARTE........................................................................ DIRECTOR	1.00 .......................	X			0	0
(20) ROBERT M LANSFORD........................................................................ DIRECTOR	1.00 .......................	X			0	0
(21) MOLLIE LASATER........................................................................ DIRECTOR	1.00 .......................	X			0	0
(22) SHARON LEITE........................................................................ DIRECTOR	1.00 .......................	X			0	0
(23) MARY RALPH LOWE........................................................................ DIRECTOR	1.00 .......................	X			0	0
(24) JOHN L MARION........................................................................ DIRECTOR	1.00 .......................	X			0	0
(25) PRISCILLA MARTIN........................................................................ DIRECTOR	1.00 .......................	X			0	0
(26) DAVID MCDAVID........................................................................ DIRECTOR	1.00 .......................	X			0	0
(27) TIMOTHY W MCKINNEY........................................................................ DIRECTOR	1.00 .......................	X			0	0
(28) STEFFEN E PALKO........................................................................ DIRECTOR	1.00 .......................	X			0	0
(29) JEAN ROACH........................................................................ BOARD SECRETARY	1.00 .......................	X	X		0	0
(30) LISA ROSE........................................................................ DIRECTOR	1.00 .......................	X			0	0
(31) ROZANNE ROSENTHAL........................................................................ DIRECTOR	1.00 .......................	X			0	0
(32) JOEL T SAWYER........................................................................ DIRECTOR	1.00 .......................	X			0	0
(33) EDGAR H SCHOLLMAIER........................................................................ DIRECTOR	1.00 .......................	X			0	0
(34) PATRICIA H SCHUTTS........................................................................ DIRECTOR OF DEVEL / BOARD VICE CHAIR	40.00 .......................	X	X		185,022	18,834
(35) STEPHEN SELENY........................................................................ DIRECTOR	1.00 .......................	X			0	0
(36) GLORIA STARLING........................................................................ DIRECTOR	1.00 .......................	X			0	0
(37) JEAN TUCKER........................................................................ DIRECTOR	1.00 .......................	X			0	0
(38) WESLEY R TURNER........................................................................ DIRECTOR	1.00 .......................	X			0	0
(39) JEFFREY K WENTWORTH........................................................................ DIRECTOR	1.00 .......................	X			0	0
(40) KATHY DUBOSE........................................................................ VICE PRESIDENT / CFO	40.00 .......................		X		236,359	22,625
(41) DIONE KENNEDY........................................................................ PRESIDENT / CEO	40.00 .......................		X		452,865	26,389
(42) DANA STAYTON........................................................................ ASSISTANT SECRETARY	1.00 .......................		X		0	0
(43) JASON WISE........................................................................ DIRECTOR OF PROG, COMM, AND SALES	40.00 .......................			X	142,876	17,708

(A) Name and business address	(B) Description of services	(C) Compensation
BEAUTIFUL TOUR CAROLE COMPANY LP 1500 BROADWAY SUITE 700 NEW YORK,NY10036	ARTIST FEE	590,217
BLUE SKIES TOUR LLC 42 MAPLE STREET 2ND FLOOR SUMMIT,NJ07901	ARTIST FEE	501,823
PARIS ACROSS AMERICA LLC 818 W DIAMOND AVENUE SUITE 250 GAITHERSBURG,MD20878	ARTIST FEE	466,061
MATILDA ACROBATE TOUR LP DODGER PROPER 311 W 43RD STREET SUITE 602 NEW YORK,NY10036	ARTIST FEE	413,703
ANNIE ON TOUR LLC 818 W DIAMOND AVENUE SUITE 250 GAITHERSBURG,MD20878	ARTIST FEE	385,420
2 Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 9

- TIN:

SCHEDULE A
(Form 990 or 990EZ)

Department of the Treasury
Internal Revenue Service

Public Charity Status and Public Support

Complete if the organization is a section 501(c)(3) organization or a section 4947(a)(1) nonexempt charitable trust.
right arrow

Attach to Form 990 or Form 990-EZ.
right arrow

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2019

Open to Public
Inspection

Name of the organization

PERFORMING ARTS FORT WORTH INC

Employer identification number

75-2457270

Part I

Reason for Public Charity Status (All organizations must complete this part.) See instructions.

The organization is not a private foundation because it is: (For lines 1 through 12, check only one box.)

A church, convention of churches, or association of churches described in section 170(b)(1)(A)(i).

A school described in section 170(b)(1)(A)(ii). (Attach Schedule E (Form 990 or 990-EZ).)

A hospital or a cooperative hospital service organization described in section 170(b)(1)(A)(iii).

A medical research organization operated in conjunction with a hospital described in section 170(b)(1)(A)(iii). Enter the hospital's name, city, and state:

An organization operated for the benefit of a college or university owned or operated by a governmental unit described in section 170(b)(1)(A)(iv). (Complete Part II.)

A federal, state, or local government or governmental unit described in section 170(b)(1)(A)(v).

An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi). (Complete Part II.)

A community trust described in section 170(b)(1)(A)(vi). (Complete Part II.)

An agricultural research organization described in 170(b)(1)(A)(ix) operated in conjunction with a land-grant college or university or a non-land grant college of agriculture. See instructions. Enter the name, city, and state of the college or university:

An organization that normally receives: (1) more than 331/3% of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions—subject to certain exceptions, and (2) no more than 331/3% of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975. See section 509(a)(2). (Complete Part III.)

An organization organized and operated exclusively to test for public safety. See section 509(a)(4).

An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2). See section 509(a)(3). Check the box in lines 12a through 12d that describes the type of supporting organization and complete lines 12e, 12f, and 12g.

Type I. A supporting organization operated, supervised, or controlled by its supported organization(s), typically by giving the supported organization(s) the power to regularly appoint or elect a majority of the directors or trustees of the supporting organization. You must complete Part IV, Sections A and B.

Type II. A supporting organization supervised or controlled in connection with its supported organization(s), by having control or management of the supporting organization vested in the same persons that control or manage the supported organization(s). You must complete Part IV, Sections A and C.

Type III functionally integrated. A supporting organization operated in connection with, and functionally integrated with, its supported organization(s) (see instructions). You must complete Part IV, Sections A, D, and E.

Type III non-functionally integrated. A supporting organization operated in connection with its supported organization(s) that is not functionally integrated. The organization generally must satisfy a distribution requirement and an attentiveness requirement (see instructions). You must complete Part IV, Sections A and D, and Part V.

Check this box if the organization received a written determination from the IRS that it is a Type I, Type II, Type III functionally integrated, or Type III non-functionally integrated supporting organization.

Enter the number of supported organizations ...............................

Provide the following information about the supported organization(s).

(i) Name of supported organization	(ii) EIN	(iv) Is the organization listed in your governing document?		(v) Amount of monetary support (see instructions)	(vi) Amount of other support (see instructions)
(i) Name of supported organization	(ii) EIN	Yes	No	(v) Amount of monetary support (see instructions)	(vi) Amount of other support (see instructions)


Total

For Paperwork Reduction Act Notice, see the Instructions for
Form 990 or 990-EZ.

Cat. No. 11285F

Schedule A (Form 990 or 990-EZ) 2019

Page 2

Part II

Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi)
(Complete only if you checked the box on line 5, 7, or 8 of Part I or if the organization failed to qualify under Part III. If the organization failed to qualify under the tests listed below, please complete Part III.)

Section A. Public Support

Calendar year (or fiscal year beginning in)		(a) 2015	(b) 2016	(c) 2017	(d) 2018	(e) 2019	(f) Total
1	Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") ..	4,460,312	4,751,340	13,805,960	10,503,527	5,139,685	38,660,824
2	Tax revenues levied for the organization's benefit and either paid to or expended on its behalf....
3	The value of services or facilities furnished by a governmental unit to the organization without charge..
4	Total. Add lines 1 through 3	4,460,312	4,751,340	13,805,960	10,503,527	5,139,685	38,660,824
5	The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f)..						10,715,436
6	Public support. Subtract line 5 from line 4.						27,945,388

Section B. Total Support

Calendar year (or fiscal year beginning in)		(a) 2015	(b) 2016	(c) 2017	(d) 2018	(e) 2019	(f) Total
7	Amounts from line 4..	4,460,312	4,751,340	13,805,960	10,503,527	5,139,685	38,660,824
8	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources...	777,092	853,545	743,039	784,561	1,456,160	4,614,397
9	Net income from unrelated business activities, whether or not the business is regularly carried on..	95,449	96,711	162,773	136,362	100,362	591,657
10	Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.)..	37,369	6,946	7,377	2,885	18,996	73,573
11	Total support. Add lines 7 through 10						43,940,451

Gross receipts from related activities, etc. (see instructions) ..................

57,481,689

First five years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization, check this box and stop here........................................ right arrow

Section C. Computation of Public Support Percentage

Public support percentage for 2019 (line 6, column (f) divided by line 11, column (f)) .........

63.600 %

Public support percentage for 2018 Schedule A, Part II, line 14 ...............

67.680 %

16a

33 1/3% support test—2019. If the organization did not check the box on line 13, and line 14 is 33 1/3% or more, check this box
and stop here. The organization qualifies as a publicly supported organization ....................... right arrow

33 1/3% support test—2018. If the organization did not check a box on line 13 or 16a, and line 15 is 33 1/3% or more, check this
box and stop here. The organization qualifies as a publicly supported organization ..................... right arrow

17a

10%-facts-and-circumstances test—2019. If the organization did not check a box on line 13, 16a, or 16b, and line 14
is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here. Explain
in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported
organization ..................................................... right arrow

10%-facts-and-circumstances test—2018. If the organization did not check a box on line 13, 16a, 16b, or 17a, and line
15 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here.
Explain in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly
supported organization ................................................ right arrow

Private foundation. If the organization did not check a box on line 13, 16a, 16b, 17a, or 17b, check this box and see
instructions ..................................................... right arrow

Schedule A (Form 990 or 990-EZ) 2019

Page 3

Part III

Support Schedule for Organizations Described in Section 509(a)(2)
(Complete only if you checked the box on line 10 of Part I or if the organization failed to qualify under Part II. If the organization fails to qualify under the tests listed below, please complete Part II.)

Section A. Public Support

Calendar year (or fiscal year beginning in)		(a) 2015	(b) 2016	(c) 2017	(d) 2018	(e) 2019	(f) Total
1	Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .
2	Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose
3	Gross receipts from activities that are not an unrelated trade or business under section 513 .....
4	Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...
5	The value of services or facilities furnished by a governmental unit to the organization without charge
6	Total. Add lines 1 through 5
7a	Amounts included on lines 1, 2, and 3 received from disqualified persons
b	Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.
c	Add lines 7a and 7b..
8	Public support. (Subtract line 7c from line 6.)

Section B. Total Support

Calendar year (or fiscal year beginning in)		(a) 2015	(b) 2016	(c) 2017	(d) 2018	(e) 2019	(f) Total
9	Amounts from line 6...
10a	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..
b	Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.
c	Add lines 10a and 10b.
11	Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on.
12	Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) ..
13	Total support. (Add lines 9, 10c, 11, and 12.)..

First five years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization,
check this box and stop here............................................. right arrow

Section C. Computation of Public Support Percentage

Public support percentage for 2019 (line 8, column (f) divided by line 13, column (f)) .........

Public support percentage from 2018 Schedule A, Part III, line 15 ...............

Section D. Computation of Investment Income Percentage

Investment income percentage for 2019 (line 10c, column (f) divided by line 13, column (f)) ......

Investment income percentage from 2018 Schedule A, Part III, line 17 .............

19a

331/3% support tests—2019. If the organization did not check the box on line 14, and line 15 is more than 33 1/3%, and line 17 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization ....... right arrow

33 1/3% support tests—2018. If the organization did not check a box on line 14 or line 19a, and line 16 is more than 33 1/3% and line 18 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization .... right arrow

Private foundation. If the organization did not check a box on line 14, 19a, or 19b, check this box and see instructions .... right arrow

Schedule A (Form 990 or 990-EZ) 2019

Page 4

Part IV

Supporting Organizations

(Complete only if you checked a box on line 12 of Part I. If you checked 12a of Part I, complete Sections A and B. If you checked 12b of Part I, complete Sections A and C. If you checked 12c of Part I, complete Sections A, D, and E. If you checked 12d of Part I, complete Sections A and D, and complete Part V.)

Section A. All Supporting Organizations

Yes

Are all of the organization’s supported organizations listed by name in the organization’s governing documents?
If "No," describe in Part VI how the supported organizations are designated. If designated by class or purpose,
describe the designation. If historic and continuing relationship, explain.

Did the organization have any supported organization that does not have an IRS determination of status under section 509(a)(1) or (2)? If "Yes," explain in Part VI how the organization determined that the supported organization was described in section 509(a)(1) or (2).

Did the organization have a supported organization described in section 501(c)(4), (5), or (6)? If "Yes," answer (b) and (c) below.

Did the organization confirm that each supported organization qualified under section 501(c)(4), (5), or (6) and satisfied the public support tests under section 509(a)(2)? If "Yes," describe in Part VI when and how the organization made the determination.

Did the organization ensure that all support to such organizations was used exclusively for section 170(c)(2)(B) purposes? If "Yes," explain in Part VI what controls the organization put in place to ensure such use.

Was any supported organization not organized in the United States ("foreign supported organization")? If “Yes” and if you checked 12a or 12b in Part I, answer (b) and (c) below.

Did the organization have ultimate control and discretion in deciding whether to make grants to the foreign supported organization? If “Yes,” describe in Part VI how the organization had such control and discretion despite being controlled or supervised by or in connection with its supported organizations.

Did the organization support any foreign supported organization that does not have an IRS determination under sections 501(c)(3) and 509(a)(1) or (2)? If “Yes,” explain in Part VI what controls the organization used to ensure that all support to the foreign supported organization was used exclusively for section 170(c)(2)(B) purposes.

Did the organization add, substitute, or remove any supported organizations during the tax year? If “Yes,” answer (b) and (c) below (if applicable). Also, provide detail in Part VI, including (i) the names and EIN numbers of the supported organizations added, substituted, or removed; (ii) the reasons for each such action; (iii) the authority under the organization's organizing document authorizing such action; and (iv) how the action was accomplished (such as by amendment to the organizing document).

Type I or Type II only. Was any added or substituted supported organization part of a class already designated in the organization's organizing document?

Substitutions only. Was the substitution the result of an event beyond the organization's control?

Did the organization provide support (whether in the form of grants or the provision of services or facilities) to anyone other than (i) its supported organizations, (ii) individuals that are part of the charitable class benefited by one or more of its supported organizations, or (iii) other supporting organizations that also support or benefit one or more of the filing organization’s supported organizations? If “Yes,” provide detail in Part VI.

Did the organization provide a grant, loan, compensation, or other similar payment to a substantial contributor (defined in section 4958(c)(3)(C)), a family member of a substantial contributor, or a 35% controlled entity with regard to a substantial contributor? If “Yes,” complete Part I of Schedule L (Form 990 or 990-EZ) .

Did the organization make a loan to a disqualified person (as defined in section 4958) not described in line 7? If “Yes,” complete Part I of Schedule L (Form 990 or 990-EZ).

Was the organization controlled directly or indirectly at any time during the tax year by one or more disqualified persons as defined in section 4946 (other than foundation managers and organizations described in section 509(a)(1) or (2))? If “Yes,” provide detail in Part VI.

Did one or more disqualified persons (as defined in line 9a) hold a controlling interest in any entity in which the supporting organization had an interest? If “Yes,” provide detail in Part VI.

Did a disqualified person (as defined in line 9a) have an ownership interest in, or derive any personal benefit from, assets in which the supporting organization also had an interest? If “Yes,” provide detail in Part VI.

10a

Was the organization subject to the excess business holdings rules of section 4943 because of section 4943(f) (regarding certain Type II supporting organizations, and all Type III non-functionally integrated supporting organizations)? If “Yes,” answer line 10b below.

10a

Did the organization have any excess business holdings in the tax year? (Use Schedule C, Form 4720, to determine whether the organization had excess business holdings).

10b

Schedule A (Form 990 or 990-EZ) 2019

Page 5

Part IV

Supporting Organizations (continued)

Yes

Has the organization accepted a gift or contribution from any of the following persons?

A person who directly or indirectly controls, either alone or together with persons described in (b) and (c) below, the governing body of a supported organization?

11a

A family member of a person described in (a) above?

11b

A 35% controlled entity of a person described in (a) or (b) above? If “Yes” to a, b, or c, provide detail in Part VI.

11c

Section B. Type I Supporting Organizations

Yes

Did the directors, trustees, or membership of one or more supported organizations have the power to regularly appoint or elect at least a majority of the organization’s directors or trustees at all times during the tax year? If “No,” describe in Part VI how the supported organization(s) effectively operated, supervised, or controlled the organization’s activities. If the organization had more than one supported organization, describe how the powers to appoint and/or remove directors or trustees were allocated among the supported organizations and what conditions or restrictions, if any, applied to such powers during the tax year.

Did the organization operate for the benefit of any supported organization other than the supported organization(s) that operated, supervised, or controlled the supporting organization? If “Yes,” explain in Part VI how providing such benefit carried out the purposes of the supported organization(s) that operated, supervised or controlled the supporting organization.

Section C. Type II Supporting Organizations

Yes

Were a majority of the organization’s directors or trustees during the tax year also a majority of the directors or trustees of each of the organization’s supported organization(s)? If “No,” describe in Part VI how control or management of the supporting organization was vested in the same persons that controlled or managed the supported organization(s).

Section D. All Type III Supporting Organizations

Yes

Did the organization provide to each of its supported organizations, by the last day of the fifth month of the organization’s tax year, (i) a written notice describing the type and amount of support provided during the prior tax year, (ii) a copy of the Form 990 that was most recently filed as of the date of notification, and (iii) copies of the organization’s governing documents in effect on the date of notification, to the extent not previously provided?

Were any of the organization’s officers, directors, or trustees either (i) appointed or elected by the supported organization(s) or (ii) serving on the governing body of a supported organization? If "No," explain in Part VI how the organization maintained a close and continuous working relationship with the supported organization(s).

By reason of the relationship described in (2), did the organization’s supported organizations have a significant voice in the organization’s investment policies and in directing the use of the organization’s income or assets at all times during the tax year? If "Yes," describe in Part VI the role the organization’s supported organizations played in this regard.

Section E. Type III Functionally-Integrated Supporting Organizations

Check the box next to the method that the organization used to satisfy the Integral Part Test during the year (see instructions):

The organization satisfied the Activities Test. Complete line 2 below.

The organization is the parent of each of its supported organizations. Complete line 3 below.

The organization supported a governmental entity. Describe in Part VI how you supported a government entity (see instructions)

Activities Test. Answer (a) and (b) below.

Yes

Did substantially all of the organization’s activities during the tax year directly further the exempt purposes of the supported organization(s) to which the organization was responsive? If "Yes," then in Part VI identify those supported organizations and explain how these activities directly furthered their exempt purposes, how the organization was responsive to those supported organizations, and how the organization determined that these activities constituted substantially all of its activities.

Did the activities described in (a) constitute activities that, but for the organization’s involvement, one or more of the organization’s supported organization(s) would have been engaged in? If "Yes," explain in Part VI the reasons for the organization’s position that its supported organization(s) would have engaged in these activities but for the organization’s involvement.

Parent of Supported Organizations. Answer (a) and (b) below.

Did the organization have the power to regularly appoint or elect a majority of the officers, directors, or trustees of each of the supported organizations? Provide details in Part VI.

Did the organization exercise a substantial degree of direction over the policies, programs and activities of each of its supported organizations? If "Yes," describe in Part VI. the role played by the organization in this regard.

Schedule A (Form 990 or 990-EZ) 2019

Page 6

Part V

Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations

Check here if the organization satisfied the Integral Part Test as a qualifying trust on Nov. 20, 1970 (explain in Part VI). See instructions. All other Type III non-functionally integrated supporting organizations must complete Sections A through E.

	Section A - Adjusted Net Income		(A) Prior Year	(B) Current Year (optional)
1	Net short-term capital gain	1
2	Recoveries of prior-year distributions	2
3	Other gross income (see instructions)	3
4	Add lines 1 through 3	4
5	Depreciation and depletion	5
6	Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions)	6
7	Other expenses (see instructions)	7
8	Adjusted Net Income (subtract lines 5, 6 and 7 from line 4)	8

	Section B - Minimum Asset Amount		(A) Prior Year	(B) Current Year (optional)
1	Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year):	1
a	Average monthly value of securities	1a
b	Average monthly cash balances	1b
c	Fair market value of other non-exempt-use assets	1c
d	Total (add lines 1a, 1b, and 1c)	1d
e	Discount claimed for blockage or other factors (explain in detail in Part VI):
2	Acquisition indebtedness applicable to non-exempt use assets	2
3	Subtract line 2 from line 1d	3
4	Cash deemed held for exempt use. Enter 1-1/2% of line 3 (for greater amount, see instructions).	4
5	Net value of non-exempt-use assets (subtract line 4 from line 3)	5
6	Multiply line 5 by .035	6
7	Recoveries of prior-year distributions	7
8	Minimum Asset Amount (add line 7 to line 6)	8

	Section C - Distributable Amount		Current Year
1	Adjusted net income for prior year (from Section A, line 8, Column A)	1
2	Enter 85% of line 1	2
3	Minimum asset amount for prior year (from Section B, line 8, Column A)	3
4	Enter greater of line 2 or line 3	4
5	Income tax imposed in prior year	5
6	Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions)	6

Check here if the current year is the organization's first as a non-functionally-integrated Type III supporting organization (see instructions)

Schedule A (Form 990 or 990-EZ) 2019

Page 7

Part V

Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations(continued)

Section D - Distributions		Current Year
1 Amounts paid to supported organizations to accomplish exempt purposes
2 Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity
3 Administrative expenses paid to accomplish exempt purposes of supported organizations
4 Amounts paid to acquire exempt-use assets
5 Qualified set-aside amounts (prior IRS approval required)
6 Other distributions (describe in Part VI). See instructions
7Total annual distributions. Add lines 1 through 6.
8 Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions
9 Distributable amount for 2019 from Section C, line 6
10 Line 8 amount divided by Line 9 amount

Section E - Distribution Allocations (see instructions)		(i) Excess Distributions	(ii) Underdistributions Pre-2019	(iii) Distributable Amount for 2019
1 Distributable amount for 2019 from Section C, line 6
2 Underdistributions, if any, for years prior to 2019 (reasonable cause required-- explain in Part VI). See instructions.
3 Excess distributions carryover, if any, to 2019:
a From 2014.......
b From 2015.......
c From 2016.......
d From 2017.......
e From 2018.......
fTotal of lines 3a through e
g Applied to underdistributions of prior years
h Applied to 2019 distributable amount
i Carryover from 2014 not applied (see instructions)
j Remainder. Subtract lines 3g, 3h, and 3i from 3f.
4Distributions for 2019 from Section D, line 7:
$
a Applied to underdistributions of prior years
b Applied to 2019 distributable amount
c Remainder. Subtract lines 4a and 4b from 4.
5 Remaining underdistributions for years prior to 2019, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions.
6 Remaining underdistributions for 2019. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions.
7 Excess distributions carryover to 2020. Add lines 3j and 4c.
8 Breakdown of line 7:
a Excess from 2015.....
b Excess from 2016.....
c Excess from 2017.....
d Excess from 2018.....
e Excess from 2019.....

Schedule A (Form 990 or 990-EZ) (2019)

Schedule A (Form 990 or 990-EZ) 2019

Page 8

Part VI

Supplemental Information. Provide the explanations required by Part II, line 10; Part II, line 17a or 17b; Part III, line 12; Part IV, Section A, lines 1, 2, 3b, 3c, 4b, 4c, 5a, 6, 9a, 9b, 9c, 11a, 11b, and 11c; Part IV, Section B, lines 1 and 2; Part IV, Section C, line 1; Part IV, Section D, lines 2 and 3; Part IV, Section E, lines 1c, 2a, 2b, 3a and 3b; Part V, line 1; Part V, Section B, line 1e; Part V Section D, lines 5, 6, and 8; and Part V, Section E, lines 2, 5, and 6. Also complete this part for any additional information. (See instructions).

Facts And Circumstances Test

Return Reference	Explanation

Schedule A (Form 990 or 990-EZ) 2019

Additional Data

Software ID:
Software Version:

- TIN:

Schedule B
(Form 990, 990-EZ,
or 990-PF)

Department of the Treasury
Internal Revenue Service

Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2019

Name of the organization

PERFORMING ARTS FORT WORTH INC

Employer identification number

75-2457270

Organization type (check one):

Filers of:

Section:

Form 990 or 990-EZ

501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization

Form 990-PF

501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation

Check if your organization is covered by the General Rule or a Special Rule.
Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.

General Rule

For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.

Special Rules

For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 33¹/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Arrow Bullet

Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).

For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.

Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2019)

Schedule B (Form 990, 990-EZ, or 990-PF) (2019) Page 2

Name of organization PERFORMING ARTS FORT WORTH INC

Part I Contributors	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2019)

Schedule B (Form 990, 990-EZ, or 990-PF) (2019)

Page 3

Name of organization PERFORMING ARTS FORT WORTH INC		Employer identification number 75-2457270

Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
Schedule B (Form 990, 990-EZ, or 990-PF) (2019)

Schedule B (Form 990, 990-EZ, or 990-PF) (2019)

Page 4


Name of organization PERFORMING ARTS FORT WORTH INC			Employer identification number 75-2457270
Part III Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $ Use duplicate copies of Part III if additional space is needed.

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No. from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

Schedule B (Form 990, 990-EZ, or 990-PF) (2019)

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE D
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Financial Statements

Complete if the organization answered "Yes," on Form 990,
Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b.
SchDMd Bullet

Attach to Form 990.
SchDMd Bullet

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2019

Open to Public Inspection

Name of the organization

PERFORMING ARTS FORT WORTH INC

Employer identification number

75-2457270

Part I

Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" on Form 990, Part IV, line 6.

		(a) Donor advised funds	(b) Funds and other accounts
1	Total number at end of year .........
2	Aggregate value of contributions to (during year)
3	Aggregate value of grants from (during year)
4	Aggregate value at end of year ........

Did the organization inform all donors and donor advisors in writing that the assets held in donor advised funds are the organization’s property, subject to the organization’s exclusive legal control? ............

Yes No

Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit? ...................................

Yes No

Part II

Conservation Easements.
Complete if the organization answered "Yes" on Form 990, Part IV, line 7.

Purpose(s) of conservation easements held by the organization (check all that apply).

Preservation of land for public use (e.g., recreation or education) Preservation of an historically important land area

Protection of natural habitat Preservation of a certified historic structure

Preservation of open space

Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.


a	Total number of conservation easements ......................	2a
b	Total acreage restricted by conservation easements ....................	2b
c	Number of conservation easements on a certified historic structure included in (a) .....	2c
d	Number of conservation easements included in (c) acquired after 7/25/06, and not on a historic structure listed in the National Register ...	2d

Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during the
tax year SchDMd Bullet

Number of states where property subject to conservation easement is located SchDMd Bullet

Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and enforcement of the conservation easements it holds? ............

Yes No

Staff and volunteer hours devoted to monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
SchDMd Bullet

Amount of expenses incurred in monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
SchDMd Bullet

Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)(4)(B)(ii)? .............................

Yes No

In Part XIII, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" on Form 990, Part IV, line 8.

If the organization elected, as permitted under FASB ASC 958, not to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide, in Part XIII, the text of the footnote to its financial statements that describes these items.

If the organization elected, as permitted under FASB ASC 958, to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide the following amounts relating to these items:

(i)

Revenue included on Form 990, Part VIII, line 1 ......................... SchDMd Bullet

(ii)

Assets included in Form 990, Part X ............................... SchDMd Bullet

If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under FASB ASC 958 relating to these items:

Revenue included on Form 990, Part VIII, line 1 .......................... SchDMd Bullet

Assets included in Form 990, Part X ............................... SchDMd Bullet

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 52283D

Schedule D (Form 990) 2019

Page 2

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)

Using the organization’s acquisition, accession, and other records, check any of the following that are a significant use of its collection items (check all that apply):

Public exhibition

Loan or exchange programs

Scholarly research

Other

Preservation for future generations

Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIII.

During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?...

Yes No

Part IV

Escrow and Custodial Arrangements. Complete if the organization answered "Yes" on Form 990, Part IV, line 9, or reported an amount on Form 990, Part X, line 21.

Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................

Yes No


b	If "Yes," explain the arrangement in Part XIII and complete the following table:		Amount
c	Beginning balance .............................	1c
d	Additions during the year ............................	1d
e	Distributions during the year ..........................	1e
f	Ending balance ................................	1f

Did the organization include an amount on Form 990, Part X, line 21, for escrow or custodial account liability? ...

Yes No

If "Yes," explain the arrangement in Part XIII. Check here if the explanation has been provided in Part XIII ....

Part V

Endowment Funds.
Complete if the organization answered "Yes" on Form 990, Part IV, line 10.

		(a) Current year	(b) Prior year	(c) Two years back	(d) Three years back	(e) Four years back

1a	Beginning of year balance ....	61,810,881	35,477,126	25,110,412	24,617,565	20,664,967
b	Contributions ...	2,600,764	23,368,289	12,113,021	832,716	2,079,595
c	Net investment earnings, gains, and losses	4,060,118	3,976,947	-612,753	542,108	2,876,838
d	Grants or scholarships ...
e	Other expenditures for facilities and programs ...	937,177	1,011,481	1,133,554	881,977	1,003,835
f	Administrative expenses ....
g	End of year balance ......	67,534,586	61,810,881	35,477,126	25,110,412	24,617,565

Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:

Board designated or quasi-endowment SchDMd Bullet

7.220 %

Permanent endowment SchDMd Bullet

61.920 %

Term endowment SchDMd Bullet

30.860 %

The percentages on lines 2a, 2b, and 2c should equal 100%.

Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes

(i) Unrelated organizations .................

3a(i)

(ii) Related organizations .................

3a(ii)

Yes

If "Yes" on 3a(ii), are the related organizations listed as required on Schedule R? .........

Yes

Describe in Part XIII the intended uses of the organization's endowment funds.

Part VI

Land, Buildings, and Equipment.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11a. See Form 990, Part X, line 10.

Description of property		(a) Cost or other basis (investment)	(b) Cost or other basis (other)	(c) Accumulated depreciation	(d) Book value

1a	Land .....	7,309,619		7,309,619
b	Buildings ....	79,413,482	45,422,607	33,990,875
c	Leasehold improvements
d	Equipment ....	8,308,668	5,127,305	3,181,363
e	Other .....
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..				44,481,857

Schedule D (Form 990) 2019

Page 3

Part VII

InvestmentsOther Securities.
Complete if the organization answered "Yes" on Form 990, Part IV, line 11b. See Form 990, Part X, line 12.

(a) Description of security or category (including name of security)	(b) Book value	(c) Method of valuation: Cost or end-of-year market value
(1) Financial derivatives.........
(2) Closely-held equity interests........
(3)Other
(B)
(C)
(D)
(E)
(F)
(G)
(H)
(I)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)

Part VIII

InvestmentsProgram Related. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11c. See Form 990, Part X, line 13.

(a) Description of investment	(b) Book value	(c) Method of valuation: Cost or end-of-year market value

(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)

Part IX

Other Assets.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11d. See Form 990, Part X, line 15.

(a) Description				(b) Book value
(1)BENEFICIAL IN NET ASSETS OF ENDOWMENT TRUST				12,655,657
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........				12,655,657

Part X

Other Liabilities.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11e or 11f. See Form 990, Part X, line 25.

1.(a) Description of liability	(b) Book value
(1) Federal income taxes

(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)
2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII

Schedule D (Form 990) 2019

Page 4

Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total revenue, gains, and other support per audited financial statements .......			1	21,261,281
2	Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a	Net unrealized gains (losses) on investments ....	2a	2,495,898
b	Donated services and use of facilities .........	2b
c	Recoveries of prior year grants ...........	2c
d	Other (Describe in Part XIII.) ............	2d	487,706
e	Add lines 2a through 2d .....................			2e	2,983,604
3	Subtract line 2e from line 1..................			3	18,277,677
4	Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b .	4a	190,283
b	Other (Describe in Part XIII.) ...........	4b
c	Add lines 4a and 4b....................			4c	190,283
5	Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ......			5	18,467,960

Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total expenses and losses per audited financial statements ...........			1	17,845,181
2	Amounts included on line 1 but not on Form 990, Part IX, line 25:
a	Donated services and use of facilities .........	2a
b	Prior year adjustments ............	2b
c	Other losses ................	2c
d	Other (Describe in Part XIII.) ............	2d	487,706
e	Add lines 2a through 2d....................			2e	487,706
3	Subtract line 2e from line 1...................			3	17,357,475
4	Amounts included on Form 990, Part IX, line 25, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b ..	4a	190,283
b	Other (Describe in Part XIII.) ............	4b
c	Add lines 4a and 4b.....................			4c	190,283
5	Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ......			5	17,547,758

Part XIII

Supplemental Information

Provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b; Part V, line 4; Part X, line 2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information.

Return Reference	Explanation
PART V, LINE 4:	IT IS THE POLICY OF THE BOARD OF DIRECTORS OF THE COMPANY TO TREAT THE BOARD DESIGNATED INVESTED RESERVES TOGETHER WITH THE UNDISTRIBUTED EARNINGS AND APPRECIATION FROM THEIR INVESTMENT AS PERMANENT ENDOWMENT. AS SUCH, THE BOARD ENDEAVORS TO PRESERVE AND INVEST THE FUNDS SO AS TO GENERATE A TOTAL RETURN OVER THE LONG TERM THAT WILL BOTH ACCOMODATE DISTRIBUTIONS FOR THE PURPOSES OF THE ENDOWMENT AND ALSO MAINTAIN THE REAL VALUE, AFTER INFLATION, OF THE UNDISTRIBUTED BALANCE OF THE FUNDS. THE BOARD HAS ADOPTED A POLICY FOR NORMAL ANNUAL DISTRIBUTIONS CONSISTENT WITH THE FOREGOING. THIS POLICY NOTWITHSTANDING, THE BOARD MAY MAKE EXTRAORDINARY DISTRIBUTIONS FROM TIME TO TIME FOR CAPITAL MAINTENANCE OF FACILITIES AND OTHER PURPOSES. THE PERCENTAGE REPORTED IN SCHEDULE D, PART V, LINE 2A, "BOARD DESIGNATED OR QUASI-ENDOWMENT", REPRESENTS THESE BOARD DESIGNATED INVESTED RESERVES. PERMANENTLY RESTRICTED NET ASSETS INCLUDES DONOR RESTRICTED ENDOWMENT GIFTS TO BE HELD IN PERPETUITY WITH THE INVESTMENT INCOME TO BE USED FOR THE COMPANY'S CHILDREN'S EDUCATION PROGRAM. THE PERCENTAGE REPORTED IN SCHEDULE D, PART V, LINE 2B, "PERMANENT ENDOWMENT", INCLUDES THESE PERMANENTLY RESTRICTED CONTRIBUTIONS. IT IS THE POLICY OF THE BOARD OF DIRECTORS OF THE COMPANY TO TREAT, FOR ENDOWMENT MANAGEMENT PURPOSES, BOTH THE PERMANENTLY RESTRICTED ORIGINAL PRINCIPAL AMOUNT OF ENDOWMENT GIFTS AND THE UNDISTRIBUTED EARNINGS AND APPRECIATION FROM THEIR INVESTMENT AS PERMANENT ENDOWMENT. AS SUCH, THE BOARD ENDEAVORS TO PRESERVE AND INVEST THE FUNDS SO AS TO GENERATE A TOTAL RETURN OVER THE LONG TERM THAT WILL BOTH ACCOMODATE DISTRIBUTIONS FOR THE PURPOSES OF THE ENDOWMENT AND ALSO MAINTAIN THE REAL VALUE, AFTER INFLATION, OF THE UNDISTRIBUTED BALANCE OF THE FUNDS. THE BOARD HAS ADOPTED A DISTRIBUTION POLICY CONSISTENT WITH THE FOREGOING. THE PERCENTAGE REPORTED IN SCHEDULE D, PART V, LINE 2C, "TEMPORARILY RESTRICTED ENDOWMENT", INCLUDES THESE UNDISTRIBUTED EARNINGS AND APPRECIATION. THE COMPANY RECEIVED CONTRIBUTIONS TO THE PAFW ENDOWMENT DURING THE FISCAL YEAR. MANY DONORS SIGNED A CHARITABLE CONTRIBUTION AGREEMENT PERMANENTLY RESTRICTING THE ORIGINAL PRINCIPAL OF THEIR CONTRIBUTION. THE PERCENTAGE REPORTED IN SCHEDULE D, PART V, LINE 2B, "PERMANENT ENDOWMENT", INCLUDES THESE PERMANENTLY RESTRICTED CONTRIBUTIONS. THE COMPANY ALSO RECEIVED CONTRIBUTIONS TO THE PAFW ENDOWMENT WHICH WERE NOT DONOR RESTRICTED. THE PERCENTAGE REPORTED IN SCHEDULE D, PART V, LINE 2C, "TEMPORARILY RESTRICTED ENDOWMENT", INCLUDES THESE CONTRIBUTIONS. IT IS THE POLICY OF THE BOARD OF DIRECTORS OF THE COMPANY TO TREAT, FOR ENDOWMENT MANAGEMENT PURPOSES, BOTH THE PERMANENTLY RESTRICTED ORIGINAL PRINCIPAL AMOUNT OF ENDOWMENT GIFTS AND THE UNDISTRIBUTED EARNINGS AND APPRECIATION FROM THEIR INVESTMENT AS PERMANENT ENDOWMENT. AS SUCH, THE BOARD ENDEAVORS TO PRESERVE AND INVEST THE FUNDS SO AS TO GENERATE A TOTAL RETURN OVER THE LONG TERM THAT WILL BOTH ACCOMMODATE DISTRIBUTIONS FOR THE PURPOSES OF THE ENDOWMENT AND ALSO MAINTAIN THE REAL VALUE, AFTER INFLATION, OF THE UNDISTRIBUTED BALANCE OF THE FUNDS. THE PERCENTAGE REPORTED IN SCHEDULE D, PART V, LINE 2C, "TEMPORARILY RESTRICTED ENDOWMENT", INCLUDES THESE UNDISTRIBUTED EARNINGS AND APPRECIATION. DURING FISCAL YEAR 2016, THE ORGANIZATION AGREED TO AND ACCEPTED A $25 MILLION CHALLENGE GRANT FROM THE PHILECOLOGY FOUNDATION (THE FOUNDATION) TO PROVIDE FINANCIAL SUPPORT TO PAFW FOR ITS ENDOWMENT. THE FOUNDATION PLEDGED TO MATCH THE AMOUNT OF EACH QUALIFYING GIFT RECEIVED BY PAFW COMMENCING JANUARY 1, 2014 THROUGH DECEMBER 31, 2020 ON A RATIO OF $2 FOR ENDOWMENT FOR EVERY $1 CONTRIBUTED TO PAFW DESIGNATED AS PERMANENT ENDOWMENT. FURTHER, THE FOUNDATION PLEDGED TO MATCH THE AMOUNT OF EACH NEW QUALIFYING GIFT OF $25,000 OR GREATER PAID TO PAFW FOR ITS OPERATIONS DURING THE PERIOD COMMENCING JANUARY 1, 2014 THROUGH DECEMBER 31, 2020 ON A RATIO OF $2 FOR ENDOWMENT FOR EVERY $1 CONTRIBUTED TO PAFW FOR ITS OPERATIONS. ON SEPTEMBER 30, 2015, THE FOUNDATION AND PAFW ENTERED INTO A GENERAL PARTNERSHIP NAMED PHILECOLOGY-PAFW PARTNERS. IN ORDER TO FULFILL A GIFT INSTALLMENT PAYMENT PURSUANT TO THE TERMS OF THE GIFT AGREEMENT LETTER BETWEEN THE FOUNDATION AND PAFW, THE FOUNDATION ASSIGNS TO PAFW UNDIVIDED OWNERSHIP INTEREST IN AN INVESTMENT ACCOUNT THE FOUNDATION OWNS. DURING FISCAL YEAR 2017, QUALIFYING GIFTS EXCEEDED THE $12.5 MILLION REQUIRED TO FULFILL PAFW'S $25 MILLION CHALLENGE GRANT. THE FOUNDATION ASSIGNED A TOTAL OF 47.9276% OF ITS PARTNERSHIP INTEREST IN PHILECOLOGY-PAFW PARTNERS TO PAFW DURING THE FISCAL YEAR FOR A CUMULATIVE PARTNERSHIP INTEREST OF 89.6009%. PAFW'S PARTNERSHIP INTEREST IN THE NET ASSETS OF THE PHILECOLOGY-PAFW PARTNERS WAS VALUED AT $26,659,749 AT JUNE 30, 2017. ON JULY 1, 2017, THE PHILECOLOGY-PAFW PARTNERSHIP WAS TERMINATED AND PAFW'S ASSIGNED UNDIVIDED OWNERSHIP INTEREST IN THE FOUNDATION INVESTMENT ACCOUNT WAS DISTRIBUTED TO PAFW TO ESTABLISH THE PHILECOLOGY ENDOWMENT FUND. AT JUNE 30, 2018, THE PHILECOLOGY ENDOWMENT FUND WAS VALUED AT $27,970,542. IN ADDITION TO THE ABOVE, THERE ARE ENDOWMENT FUNDS HELD AND ADMINISTERED FOR THE BENEFICIAL INTEREST OF THE COMPANY BY A RELATED ORGANIZATION: THE NANCY LEE AND PERRY R. BASS PERFORMANCE HALL ENDOWMENT TRUST (THE "ENDOWMENT TRUST"). THESE FUNDS ARE INCLUDED IN THE SUMS REPORTED IN SCHEDULE D, PART V. THE PERCENTAGE REPORTED IN SCHEDULE D, PART V, LINE 2C, "TEMPORARILY RESTRICTED ENDOWMENT", INCLUDES THE ENDOWMENT FUNDS HELD AND ADMINISTERED BY THE ENDOWMENT TRUST. DISTRIBUTIONS TO THE COMPANY FROM THE ENDOWMENT TRUST ARE RESTRICTED AND MUST BE UTILIZED FOR CAPITAL MAINTENANCE AND REPLACEMENT AND RELATED PURPOSES, AS DEFINED, AND FOR CERTAIN BUILDING OPERATION AND MAINTENANCE PURPOSES, AS DEFINED. IT IS THE POLICY OF THE TRUSTEES OF THE ENDOWMENT TRUST TO TREAT THE ORIGINAL PRINCIPAL OF THE TRUST TOGETHER WITH UNDISTRIBUTED EARNINGS AND APPRECIATION FROM ITS INVESTMENT AS PERMANENT ENDOWMENT. AS SUCH, THE TRUSTEES ENDEAVOR TO PRESERVE AND INVEST THE FUNDS SO AS TO GENERATE A TOTAL RETURN OVER THE LONG TERM THAT WILL BOTH ACCOMODATE DISTRIBUTIONS FOR THE PURPOSES OF THE ENDOWMENT AND ALSO MAINTAIN THE REAL VALUE, AFTER INFLATION, OF THE UNDISTRIBUTED BALANCE OF THE FUNDS. THE TRUSTEES HAVE ADOPTED A DISTRIBUTION POLICY CONSISTENT WITH THE FOREGOING. AT THE SAME TIME, THE TRUSTEES REMAIN AWARE AND TAKE INTO ACCOUNT THAT, DUE TO THE NATURE OF CAPITAL MAINTENANCE OF A LARGE AND COMPLEX FACILITY, EXTRAORDINARY DISTRIBUTIONS OF LARGER AMOUNTS MAY BE APPROPRIATE FROM TIME TO TIME AND WOULD BE PERMISSIBLE TO COVER CAPITAL MAINTENANCE EXPENDITURES BY THE COMPANY OF A SPECIAL OR EXTRAORDINARY NATURE.
PART X, LINE 2:	SCHEDULE D, PART X, LINE 2: THE FASB ASC TOPIC 740, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES (ASC 740), PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT EQUIVALENTS FOR FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. IN ADDITION, ASC 740 PROVIDES GUIDANCE ON RECOGNITION, CLASSIFICATION, ACCOUNTING IN INTERIM PERIODS AND DISCLOSURE REQUIREMENTS FOR UNCERTAIN TAX PROVISIONS. THE ORGANIZATION HAS NO FINANCIAL REPORTING REQUIREMENTS ASSOCIATED WITH ASC 740 IN FISCAL YEAR 2018 OR 2017.
PART XI, LINE 2D - OTHER ADJUSTMENTS:	RECLASS OF GIFT SHOP EXPENSES 431,701. RECLASS OF RENTAL EXPENSES 56,005.
PART XII, LINE 2D - OTHER ADJUSTMENTS:	RECLASS OF GIFT SHOP EXPENSES 431,701. RECLASS OF RENTAL EXPENSES 56,005.

Schedule D (Form 990) 2019

Additional Data

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Schedule I
(Form 990)

Department of the Treasury
Internal Revenue Service

Grants and Other Assistance to Organizations,
Governments and Individuals in the United States

Complete if the organization answered "Yes," on Form 990, Part IV, line 21 or 22.
lBullet

Attach to Form 990.
lBullet

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2019

Open to Public
Inspection

Name of the organization
PERFORMING ARTS FORT WORTH INC

Employer identification number
75-2457270

Part I

General Information on Grants and Assistance

Does the organization maintain records to substantiate the amount of the grants or assistance, the grantees' eligibility for the grants or assistance, and
the selection criteria used to award the grants or assistance? ........................

Yes No

Describe in Part IV the organization's procedures for monitoring the use of grant funds in the United States.

Part II

Grants and Other Assistance to Domestic Organizations and Domestic Governments. Complete if the organization answered "Yes" on Form 990, Part IV, line 21, for any recipient

that received more than $5,000. Part II can be duplicated if additional space is needed.

(a) Name and address of organization or government	(b) EIN	(c) IRC section (if applicable)	(d) Amount of cash grant	(e) Amount of non-cash assistance	(f) Method of valuation (book, FMV, appraisal, other)	(g) Description of noncash assistance	(h) Purpose of grant or assistance
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)

Enter total number of section 501(c)(3) and government organizations listed in the line 1 table ................. Bullet Image

Enter total number of other organizations listed in the line 1 table ........................ . Bullet Image

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50055P

Schedule I (Form 990) 2019

Page 2

Part III

Grants and Other Assistance to Domestic Individuals. Complete if the organization answered "Yes" on Form 990, Part IV, line 22.
Part III can be duplicated if additional space is needed.

(a) Type of grant or assistance	(b) Number of recipients	(c) Amount of cash grant	(d) Amount of noncash assistance	(e) Method of valuation (book, FMV, appraisal, other)	(f) Description of noncash assistance

(1) BAYARD H FREIDMAN AWARD FOR TEACHING EXCELLENCE IN PERFORMING ARTS	1	5,000
(2) PERRY R. BASS FELLOWSHIP	1	5,000
(3) ROZANNE ROSENTHAL AWARD FOR OUTSTANDING STUDENT IN PERFORMING ARTS	1	2,000
(4) BROADWAY AT THE BASS FOR TEACHING EXCELLENCE IN PERFORMING ARTS - THEATER AND/OR DANCE	1	5,000
(4)
(5)
(6)
(7)

Part IV

Supplemental Information. Provide the information required in Part I, line 2; Part III, column (b); and any other additional information.

Return Reference

Explanation

SCHEDULE I, PART I, LINE 2

PERRY R. BASS FELLOWSHIP THE PERRY R. BASS FELLOWSHIP WAS ESTABLISHED TO RECOGNIZE STUDENTS AND EDUCATORS SEEKING A GRADUATE DEGREE IN MUSIC, WHO MODEL EXCELLENCE IN MUSIC EDUCATION WITH CAREER ASPIRATIONS TO INCLUDE TEACHING. HONOREES MUST BE ENROLLED IN ONE OF THE FOUR DESIGNATED UNIVERSITIES: TEXAS CHRISTIAN UNIVERSITY, TEXAS WOMAN'S UNIVERSITY, THE UNIVERSITY OF NORTH TEXAS, AND THE UNIVERSITY OF TEXAS AT ARLINGTON. CANDIDATES MUST BE NOMINATED BY THE MUSIC EXECUTIVE AT HIS/HER RESPECTIVE UNIVERSITY AND MUST HAVE COMPLETED AT LEAST ONE SEMESTER TOWARD A MASTER'S OR DOCTORATE DEGREE AT ONE OF THE DESIGNATED UNIVERSITIES. NO MORE THAN TWO NOMINATIONS MAY BE SUBMITTED FROM ANY ONE UNIVERSITY PER ANNUAL SCHOLARSHIP CYCLE. FELLOWSHIP RECIPIENTS ARE SELECTED ON AN OBJECTIVE AND NONDISCRIMINATORY BASIS BY A COMMITTEE OF PROFESSIONALS IN MUSIC AND MUSIC EDUCATION AND REPRESENTATIVES FROM PAFW'S EDUCATION COMMITTEE. HONOREES ARE AWARDED A GIFT IN THE AMOUNT OF $5,000 AT THE PAFW CHILDREN'S EDUCATION PROGRAM ANNUAL AWARDS LUNCHEON. BAYARD H FRIEDMAN AWARD FOR TEACHING EXCELLENCE IN PERFORMING ARTS PERFORMING ARTS FORT WORTH (PAFW) RECOGNIZES ANNUALLY ONE EXCEPTIONAL TEACHER FROM THE FORT WORTH ISD WHO HAS DEMONSTRATED AN EXEMPLARY DEDICATION TO HIS/HER STUDENTS AND THE PERFORMING ARTS. BAYARD H FRIEDMAN AWARD CHAIRS ARE INTERVIEWED AND CHOSEN BY A COMMITTEE RECOMMENDED BY PAFW AND FWISD. HONOREES RECEIVE THEIR AWARDS, IN THE AMOUNT OF $5,000, AT THE FWISD'S ANNUAL ACADEMIC CHAIRS FOR TEACHING EXCELLENCE LUNCHEON. ROZANNE ROSENTHAL AWARD FOR OUTSTANDING STUDENT IN PERFORMING ARTSME ANNUALLY, PAFW HONORS ONE TALENTED STUDENT WHO HAS DEMONSTRATED OUTSTANDING ACHIEVEMENT IN THE PERFORMING ARTS. THE RECIPIENT IS SELECTED BY A GROUP OF COMMUNITY MUSIC PROFESSIONALS CHOSEN BY THE DIRECTOR OF EDUCATION. AT THE PAFW CHILDREN'S EDUCATION PROGRAM ANNUAL AWARDS LUNCHEON, THE HONOREE IS AWARDED A GIFT IN THE AMOUNT OF $2,000 AND THE OPPORTUNITY TO PERFORM AT THE LUNCHEON. BROADWAY AT THE BASS FOR TEACHING EXCELLENCE IN PERFORMING ARTS - THEATER AND/OR DANCE BEGINNING IN FISCAL YEAR 2017, PAFW CHILDREN'S EDUCATION PROGRAM INITIATED AN AWARD HONORING AN EXCEPTIONAL TEACHER OF PERFORMING ARTS FROM THE FORT WORTH ISD WHO HAS WORKED DILIGENTLY TO PREPARE STUDENTS FOR LIFE AND JOB SKILLS THROUGH THE VEHICLE OF DANCE AND THEATER ARTS PROGRAMS AND PRODUCTIONS. THE RECIPIENT IS SELECTED BY A GROUP OF COMMUNITY PERFORMING ARTS PROFESSIONALS CHOSEN BY THE DIRECTOR OF EDUCATION. AT THE PAFW CHILDREN'S EDUCATION PROGRAM ANNUAL AWARDS LUNCHEON, THE HONOREE IS AWARDED A GIFT IN THE AMOUNT OF $5,000 AND THE OPPORTUNITY FOR HIS/HER STUDENTS TO PERFORM AT THE LUNCHEON.

Schedule I (Form 990) 2019

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Schedule J
(Form 990)

Department of the Treasury
Internal Revenue Service

Compensation Information

For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
SchJMediumBullet

Complete if the organization answered "Yes" on Form 990, Part IV, line 23.
SchJMediumBullet

Attach to Form 990.
SchJMediumBullet

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2019

Open to Public Inspection

Name of the organization

PERFORMING ARTS FORT WORTH INC

Employer identification number

75-2457270

Part I

Questions Regarding Compensation

Yes

Check the appropiate box(es) if the organization provided any of the following to or for a person listed on Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.

First-class or charter travel Housing allowance or residence for personal use

Travel for companions Payments for business use of personal residence

Tax idemnification and gross-up payments Health or social club dues or initiation fees

Discretionary spending account Personal services (e.g., maid, chauffeur, chef)

If any of the boxes on Line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If "No," complete Part III to explain .........

Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
directors, trustees, officers, including the CEO/Executive Director, regarding the items checked on Line 1a? ..

Indicate which, if any, of the following the filing organization used to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.

Compensation committee Written employment contract

Independent compensation consultant Compensation survey or study

Form 990 of other organizations Approval by the board or compensation committee

During the year, did any person listed on Form 990, Part VII, Section A, line 1a, with respect to the filing organization or a related organization:

Receive a severance payment or change-of-control payment? .............

Participate in, or receive payment from, a supplemental nonqualified retirement plan? .........

Participate in, or receive payment from, an equity-based compensation arrangement? .........

If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.

Only 501(c)(3), 501(c)(4), and 501(c)(29) organizations must complete lines 5-9.

For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:

The organization? ....................

Any related organization? .......................

If "Yes," on line 5a or 5b, describe in Part III.

For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:

The organization? ..................

Any related organization? ......................

If "Yes," on line 6a or 6b, describe in Part III.

For persons listed on Form 990, Part VII, Section A, line 1a, did the organization provide any nonfixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............

Were any amounts reported on Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III ..........................

If "Yes" on line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50053T

Schedule J (Form 990) 2019

Page 2

Part II

Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use duplicate copies if additional space is needed.

For each individual whose compensation must be reported on Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions, on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.
Note. The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and (E) amounts for that individual.

(A) Name and Title		(B) Breakdown of W-2 and/or 1099-MISC compensation			(C) Retirement and other deferred compensation	(D) Nontaxable benefits	(E) Total of columns (B)(i)-(D)	(F) Compensation in column (B) reported as deferred on prior Form 990
(A) Name and Title		(i) Base compensation	(ii) Bonus & incentive compensation	(iii) Other reportable compensation	(C) Retirement and other deferred compensation	(D) Nontaxable benefits	(E) Total of columns (B)(i)-(D)
1PATRICIA H SCHUTTS DIRECTOR OF DEVEL / BOARD VICE CHAIR	(i) (ii)	185,022 ------------- 0	0 ------------- 0	0 ------------- 0	9,486 ------------- 0	9,348 ------------- 0	203,856 ------------- 0	0 ------------- 0
2KATHY DUBOSE VICE PRESIDENT / CFO	(i) (ii)	236,359 ------------- 0	0 ------------- 0	0 ------------- 0	12,231 ------------- 0	10,394 ------------- 0	258,984 ------------- 0	0 ------------- 0
3DIONE KENNEDY PRESIDENT / CEO	(i) (ii)	452,865 ------------- 0	0 ------------- 0	0 ------------- 0	14,125 ------------- 0	12,264 ------------- 0	479,254 ------------- 0	0 ------------- 0
4JASON WISE DIRECTOR OF PROG, COMM, AND SALES	(i) (ii)	142,876 ------------- 0	0 ------------- 0	0 ------------- 0	7,705 ------------- 0	10,003 ------------- 0	160,584 ------------- 0	0 ------------- 0

Schedule J (Form 990) 2019

Page 3

Part III

Supplemental Information

Provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II. Also complete this part for any additional information.

Return Reference	Explanation

Schedule J (Form 990) 2019

Additional Data

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Schedule L
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Transactions with Interested Persons

Complete if the organization answered "Yes" on Form 990, Part IV, lines 25a, 25b, 26, 27, 28a, 28b, or 28c, or Form 990-EZ, Part V, line 38a or 40b.
MediumBullet

Attach to Form 990 or Form 990-EZ.
MediumBullet

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2019

Open to Public Inspection

Name of the organization

PERFORMING ARTS FORT WORTH INC

Employer identification number

75-2457270

Part I

Excess Benefit Transactions (section 501(c)(3), section 501(c)(4), and section 501(c)(29) organizations only).
Complete if the organization answered "Yes" on Form 990, Part IV, line 25a or 25b, or Form 990-EZ, Part V, line 40b.

1(a) Name of disqualified person	(c) Description of transaction	(d) Corrected?
1(a) Name of disqualified person	(c) Description of transaction	Yes	No

Enter the amount of tax incurred by the organization managers or disqualified persons during the year under section 4958. ........................... Bullet Image

Enter the amount of tax, if any, on line 2, above, reimbursed by the organization ........ Bullet Image

Part II

Loans to and/or From Interested Persons.
Complete if the organization answered "Yes" on Form 990-EZ, Part V, line 38a, or Form 990, Part IV, line 26; or if the organization reported an amount on Form 990, Part X, line 5, 6, or 22

(a) Name of interested person	(b) Relationship with organization	(c) Purpose of loan	(d) Loan to or from the organization?		(e) Original principal amount	(f) Balance due	(g) In default?		(h) Approved by board or committee?		(i) Written agreement?
(a) Name of interested person	(b) Relationship with organization	(c) Purpose of loan	To	From	(e) Original principal amount	(f) Balance due	Yes	No	Yes	No	Yes	No






Total ............... $

Part III

Grants or Assistance Benefiting Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 27.

(a) Name of interested person	(b) Relationship between interested person and the organization	(c) Amount of assistance	(d) Type of assistance	(e) Purpose of assistance

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 50056A

Schedule L (Form 990 or 990-EZ) 2019

Page 2

Part IV

Business Transactions Involving Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 28a, 28b, or 28c.

(a) Name of interested person	(b) Relationship between interested person and the organization	(c) Amount of transaction	(d) Description of transaction	(e) Sharing of organization's revenues?
(a) Name of interested person		(c) Amount of transaction	(d) Description of transaction	Yes	No
(1) KELLY HART & HALLMAN	COMMON OWNER/DIRECTOR	19,410	LEGAL FEES		No
(2) BEPCO	COMMON OWNER/DIRECTOR	367,375	CONTRACT SECURITY SERVICE		No

Part V

Supplemental Information
Provide additional information for responses to questions on Schedule L (see instructions).

Return Reference	Explanation

Schedule L (Form 990 or 990-EZ) 2019

Additional Data

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SCHEDULE M
(Form 990)

Department of the Treasury

Internal Revenue Service

Noncash Contributions

Complete if the organizations answered "Yes" on Form 990, Part IV, lines 29 or 30.
Right pointing arrow large image

Attach to Form 990.
Right pointing arrow large image

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2019

Open to Public Inspection

Name of the organization

PERFORMING ARTS FORT WORTH INC

Employer identification number

75-2457270

Part I

Types of Property

	(a) Check if applicable	(b) Number of contributions or items contributed	(c) Noncash contribution amounts reported on Form 990, Part VIII, line 1g	(d) Method of determining noncash contribution amounts
1 Art—Works of art ....
2 Art—Historical treasures .
3 Art—Fractional interests ..
4 Books and publications ..	X		95,240	FMV
5 Clothing and household goods .......
6 Cars and other vehicles ..
7 Boats and planes ....
8 Intellectual property ...
9 Securities—Publicly traded .	X	1	21,238	FMV
10 Securities—Closely held stock .
11 Securities—Partnership, LLC, or trust interests ....
12 Securities—Miscellaneous ..
13 Qualified conservation contribution—Historic structures .....
14 Qualified conservation contribution—Other ...
15 Real estate—Residential .
16 Real estate—Commercial ..
17 Real estate—Other ...
18 Collectibles .....
19 Food inventory ...
20 Drugs and medical supplies .
21 Taxidermy ......
22 Historical artifacts ....
23 Scientific specimens ..
24 Archeological artifacts ...
25 Other ( AIRLINE TICKET VOUCHERS )	X	1	75,225	FMV
26 Other ( TICKETS )	X	813	65,917	FMV
27 Other ( ADVERTISING )	X	1	61,275	FMV
28 Other ( )

Number of Forms 8283 received by the organization during the tax year for contributions
for which the organization completed Form 8283, Part IV, Donee Acknowledgement

Yes

30a

During the year, did the organization receive by contribution any property reported in Part I, lines 1 through 28, that it must hold for at least three years from the date of the initial contribution, and which isn't required to be used for exempt purposes for the entire holding period? ...................

30a

If "Yes," describe the arrangement in Part II.

Does the organization have a gift acceptance policy that requires the review of any nonstandard contributions?

Yes

32a

Does the organization hire or use third parties or related organizations to solicit, process, or sell noncash

contributions? ..........................

32a

If "Yes," describe in Part II.

If the organization didn't report an amount in column (c) for a type of property for which column (a) is checked,

describe in Part II.

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 51227J

Schedule M (Form 990) (2019)

Page 2

Part IISupplemental Information. Provide the information required by Part I, lines 30b, 32b, and 33, and whether the organization is reporting in Part I, column (b), the number of contributions, the number of items received, or a combination of both. Also complete this part for any additional information.

Return Reference	Explanation

Schedule M (Form 990) (2019)

Additional Data

Software ID:
Software Version:

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SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet

Attach to Form 990 or 990-EZ.
MediumBullet

Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2019

Open to Public
Inspection

Name of the organization

PERFORMING ARTS FORT WORTH INC

Employer identification number

75-2457270

Return Reference	Explanation
PART I, LINE 1 AND PART III, LINE 1	GENERAL STATEMENT 1 THE MISSION OF THE NANCY LEE AND PERRY R. BASS PERFORMANCE HALL IS TO SERVE AS A PERMANENT HOME TO MAJOR PERFORMING ARTS ORGANIZATIONS OF FORT WORTH AND AS A PREMIER VENUE FOR TOURING ATTRACTIONS SO AS TO ENHANCE THE RANGE, QUALITY AND ACCESSIBILITY OF CULTURAL FARE AVAILABLE TO THE PUBLIC, TO PROMULGATE ARTS EDUCATION, AND TO CONTRIBUTE TO THE CULTURAL LIFE OF FORT WORTH, TARRANT COUNTY AND THE REGION.
PART III, LINE 4A AND 4B: PROGRAM SERVICE ACCOMPLISHMENTS	LINE 4A - PRODUCTIONS AND PERFORMANCES: PERFORMING ARTS FORT WORTH OWNS AND OPERATES BASS PERFORMANCE HALL AND THE MADDOX-MUSE CENTER, WHICH INCLUDES THE VAN CLIBURN RECITAL HALL AND THE MCDAVID STUDIO. MORE THAN 300,000 INDIVIDUALS VISIT PAFW VENUES ANNUALLY, ENJOYING A HOST OF SUPERIOR QUALITY PERFORMING ARTS OFFERINGS: I. BASS PERFORMANCE HALL SERVES AS THE PERMANENT HOME FOR FOUR RESIDENT COMPANIES: FORT WORTH SYMPHONY ORCHESTRA, TEXAS BALLET THEATER, FORT WORTH OPERA AND THE CLIBURN CONCERTS AND THE QUADRENNIAL VAN CLIBURN INTERNATIONAL PIANO COMPETITION. SPECIAL THEATER LICENSE AGREEMENTS WITH EACH COMPANY WERE INITIALLY CONTRACTED FOR FIVE THEATER SEASONS WITH AUTOMATIC ONE YEAR EXTENSIONS AFTER THE FIRST FIVE SEASONS, PROVIDING NEITHER PARTY CHOOSES TO TERMINATE THE RELATIONSHIP. THE AGREEMENTS PROVIDE RESIDENT COMPANIES THE FIRST OPPORTUNITY TO SCHEDULE EACH SEASON AT SPECIFICALLY AGREED UPON RATES. II. PAFW HAS ALSO DEVELOPED ITS OWN PROGRAMMING SERIES, PRESENTING TOURING ATTRACTIONS IN A VARIETY OF FORMATS: BROADWAY AT THE BASS SERIES\|A FAMILY SERIES\|POPULAR ENTERTAINMENT SERIES\| AND BROADWAY OFF BASS SERIES PRESENT THE MOST POPULAR, AWARD WINNING PRODUCTIONS OF TODAY, THE MCDAVID STUDIO CONCERT SERIES PRESENTS CRITICALLY ACCLAIMED ARTISTS PERFORMING MUSIC FROM VARIOUS GENRES IN AN INTIMATE VENUE WITH STATE-OF-THE-ART ACOUSTICS AND SPECIAL LIGHTING FEATURES. III. PAFW PROVIDES OPPORTUNITIES FOR THE PUBLIC TO RENT SPACE AT THE HALL FOR SPECIAL OCCASIONS AND EVENTS (E.G., WEDDINGS AND COMPANY PARTIES) THAT REQUIRE AN INCOMPARABLE SETTING FOR ONCE-IN-A-LIFETIME EXPERIENCES. RENTAL SPACES INCLUDE THE FOUNDER'S CONCERT THEATER, GRAND LOBBY, MEZZANINE LOBBY, GREEN ROOM AND RICHARDSON ROOM, MCDAVID STUDIO AND VAN CLIBURN RECITAL HALL. LINE 4B - EDUCATIONAL ACTIVITIES: PERFORMING ARTS FORT WORTH ESTABLISHED ITS CHILDREN'S EDUCATION PROGRAM (CEP) TO PROMULGATE ARTS EDUCATION, ONE OF THE CORNERSTONE'S OF THE PAFW MISSION. BASS PERFORMANCE HALL IS AT THE CENTER OF THE PROGRAM, SERVING AS A CLASSROOM AND OFFERING A VARIETY OF PERFORMING ARTS EDUCATIONAL OPPORTUNITIES OF SUPERIOR QUALITY AND FREE OF CHARGE FOR ALL STUDENTS AND EDUCATORS. THE CEP DEVELOPS AND PRESENTS PERFORMING ARTS PROGRAMS THAT ARE ENGAGING AND AGE-APPROPRIATE, DESIGNED TO EDUCATE AND INSPIRE, AS WELL AS CULTIVATE ARTS PATRONS AND ARTISTS OF TOMORROW. EACH YEAR, MORE THAN 70,000 CHILDREN ATTEND AND ARE ENRICHED BY EXEMPLARY CEP PERFORMING ARTS PRESENTATIONS, WHICH ARE MANDATED BY THE FORT WORTH INDEPENDENT SCHOOL DISTRICT TO FIRST THROUGH FIFTH GRADES AND PERFORMED PRIMARILY BY OUR RESIDENT COMPANIES; MASTER CLASSES AND TEACHERS' INSTITUTES CONDUCTED BY NATIONALLY ACCLAIMED ARTISTS AND CLINICIANS; DISTANCE LEARNING PROGRAMS THAT REACH OUTLYING RURAL COMMUNITIES AND SCHOOLS ACROSS THE NATION; AND THE SUMMER MUSIC CAMPS FEATURING PROMINENT CLINICIANS WHO GUIDE ASPIRING YOUNG VOCALISTS AND MUSICIANS FROM UNDERSERVED AREA SCHOOLS. THE CEP IS SUPPORTED BY FUNDING FROM INDIVIDUALS, CORPORATIONS AND FOUNDATIONS.
FORM 990, PART VI, SECTION A, LINE 2	PART VI: SECTION A. GOVERNING BODY AND MANAGEMENT PART VI, QUESTION 2: - DEE J. KELLY, JR. AND WILLIAM P. HALLMAN, JR. HAVE A BUSINESS RELATIONSHIP. - EDWARD P. BASS AND MARTIN C. BOWEN HAVE A BUSINESS RELATIONSHIP. - DEE J. KELLY, JR. AND DANA STAYTON HAVE A BUSINESS RELATIONSHIP. - DEE STEER AND DANA STAYTON HAVE A BUSINESS RELATIONSHIP. - WILLIAM P. HALLMAN, JR. AND DANA STAYTON HAVE A BUSINESS RELATIONSHIP.
FORM 990, PART VI, SECTION B, LINE 11B	PART VI: SECTION B. POLICIES PART VI, QUESTION 11B: PERFORMING ARTS FORT WORTH, INC. (PAFW) ENGAGES A PAID PREPARER EXPERIENCED IN THE PREPARATION OF FORM 990 TO PREPARE THE FORM. PAFW'S CONTROLLER AND VICE PRESIDENT/CHIEF FINANCIAL OFFICER WORK CLOSELY WITH THE PAID PREPARER TO PROVIDE INFORMATION FOR THE RETURN. A DRAFT FORM 990 IS PROVIDED TO AND REVIEWED BY THE VICE PRESIDENT/CHIEF FINANCIAL OFFICER AND PRESIDENT/CHIEF EXECUTIVE OFFICER. A REVISED DRAFT IS THEN REVIEWED IN DETAIL, REVISED AS NEEDED, AND APPROVED BY THE FINANCE AND AUDIT COMMITTEE. A FINAL FORM 990 IS PROVIDED TO THE VICE PRESIDENT/CHIEF FINANCIAL OFFICER TO SIGN. IN ADDITION, A COPY OF THE COMPLETED FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING THE RETURN.
FORM 990, PART VI, SECTION B, LINE 12C	PART VI: SECTION B. POLICIES PART VI, QUESTION 12C: EACH YEAR THE BOARD OF DIRECTORS IS PROVIDED WITH THE CONFLICT OF INTEREST POLICY AND CONFLICT OF INTEREST STATEMENT AND ARE ASKED TO RETURN THE COMPLETED DOCUMENT TO PERFORMING ARTS FORT WORTH. THE EXECUTIVE COMMITTEE ADDRESSES ANY CONFLICT OF INTEREST ISSUES THAT ARISE. FOR STAFF, PERFORMING ARTS FORT WORTH, INC.'S HUMAN RESOURCE DEPARTMENT REQUIRES THAT ALL FULL-TIME EMPLOYEES SIGN THE ORGANIZATION'S CONFLICT OF INTEREST POLICY AND STATEMENT. HUMAN RESOURCES CONSISTENTLY MONITORS AND REVIEWS CONFLICT OF INTEREST POLICY COMPLIANCE ISSUES.
FORM 990, PART VI, SECTION B, LINE 15	PART VI: SECTION B. POLICIES PART VI: QUESTION 15A AND 15B: PERFORMING ARTS FORT WORTH, INC. APPLIES THE FOLLOWING POLICIES AND PROCEDURES TO TAKE ADVANTAGE OF THE REBUTTABLE PRESUMPTION OF REASONABLENESS PROVIDED IN THE INTERMEDIATE SANCTIONS REGULATIONS AND TO INSURE THE COMPENSATION PAID TO ITS EMPLOYEES IS APPROPRIATE: ENGAGES AN OUTSIDE CONSULTANT TO CONDUCT AN ANNUAL COMPENSATION SURVEY OF COMPARABLE ORGANIZATIONS IN THE PERFORMING ARTS INDUSTRY. THE ANNUAL SALARY SURVEY IS REVIEWED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS WHO RECOMMEND AND APPROVE THE PRESIDENT/CEO'S SALARY AS WELL AS THE SALARIES OF THE VP/CFO AND DIRECTOR OF DEVELOPMENT, FOR BUDGETING PURPOSES. ALL INDIVIDUALS WITH A CONFLICT OF INTEREST RELATED TO COMPENSATION ISSUES ARE EXCUSED DURING THIS REVIEW PROCESS. DOCUMENTATION OF THE COMPENSATION DISCUSSIONS IS CONTEMPORANEOUSLY PREPARED AND RETAINED. THE FULL BOARD APPROVES THE FINAL BUDGET WHICH INCLUDES THE OFFICER COMPENSATION.
FORM 990, PART VI, SECTION C, LINE 19	PART VI: SECTION C. DISCLOSURE PART VI: QUESTION 19: PERFORMING ARTS FORT WORTH, INC. MAKES ITS IRS FORM 990, GOVERNING DOCUMENTS, AND CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
PART XII, LINE 2C	THE ORGANIZATION'S AUDIT COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE ORGANIZATION DID NOT CHANGE ITS OVERSIGHT OR SELECTION PROCESS DURING THE TAX YEAR.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2019

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE R
(Form 990)

Department of the Treasury
Internal Revenue Service

Related Organizations and Unrelated Partnerships

Complete if the organization answered "Yes" on Form 990, Part IV, line 33, 34, 35b, 36, or 37.
MediumBullet

Attach to Form 990.
MediumBullet

Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2019

Open to Public Inspection

Name of the organization

PERFORMING ARTS FORT WORTH INC

Employer identification number

75-2457270

Part I

Identification of Disregarded Entities. Complete if the organization answered "Yes" on Form 990, Part IV, line 33.

(a) Name, address, and EIN (if applicable) of disregarded entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Total income	(e) End-of-year assets	(f) Direct controlling entity

Part II

Identification of Related Tax-Exempt Organizations. Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related tax-exempt organizations during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Exempt Code section	(e) Public charity status (if section 501(c)(3))	(f) Direct controlling entity	(g) Section 512(b)(13) controlled entity?
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Exempt Code section	(e) Public charity status (if section 501(c)(3))	(f) Direct controlling entity	Yes	No
(1)BASS PERFORMANCE HALL ENDOWMENT TRUST 201 MAIN STREET FORT WORTH,TX76102 31-1594563	FUNDING	TX	501(C)(3)	LINE 12A, I	PAFW	Yes

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50135Y

Schedule R (Form 990) 2019

Page 2

Part III

Identification of Related Organizations Taxable as a Partnership. Complete if the organization answered "Yes" on Form 990, Part IV, line 34, because it had one or more related organizations treated as a partnership during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(e) Predominant income(related, unrelated, excluded from tax under sections 512-514)	(f) Share of total income	(g) Share of end-of-year assets	(h) Disproprtionate allocations?		(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	(j) General or managing partner?		(k) Percentage ownership
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity		(f) Share of total income	(g) Share of end-of-year assets	Yes	No	(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No
(1) PHILECOLOGY-PAFW 201 MAIN STREET FORT WORTH,TX76102 47-5030616	INVESTMENT	TX	PAFW	EXCLUDED				No		Yes		100.000 %

Part IV

Identification of Related Organizations Taxable as a Corporation or Trust. Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(e) Type of entity (C corp, S corp, or trust)	(f) Share of total income	(g) Share of end-of-year assets	(i) Section 512(b)(13) controlled entity?
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(e) Type of entity (C corp, S corp, or trust)	(f) Share of total income	(g) Share of end-of-year assets	Yes	No

Schedule R (Form 990) 2019

Page 3

Part V

Transactions With Related Organizations. Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35b, or 36.

Note. Complete line 1 if any entity is listed in Parts II, III, or IV of this schedule.

Yes

1 During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?

a Receipt of (i) interest, (ii) annuities, (iii) royalties, or (iv) rent from a controlled entity .....................

b Gift, grant, or capital contribution to related organization(s) ............................

c Gift, grant, or capital contribution from related organization(s) ............................

Yes

d Loans or loan guarantees to or for related organization(s) ............................

e Loans or loan guarantees by related organization(s) ............................

f Dividends from related organization(s) ............................

g Sale of assets to related organization(s) ............................

h Purchase of assets from related organization(s) ............................

i Exchange of assets with related organization(s) ............................

j Lease of facilities, equipment, or other assets to related organization(s) .......................

k Lease of facilities, equipment, or other assets from related organization(s) ......................

l Performance of services or membership or fundraising solicitations for related organization(s) .....................

m Performance of services or membership or fundraising solicitations by related organization(s) .................

n Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) ...................

o Sharing of paid employees with related organization(s) ............................

p Reimbursement paid to related organization(s) for expenses ............................

q Reimbursement paid by related organization(s) for expenses ............................

r Other transfer of cash or property to related organization(s) ............................

s Other transfer of cash or property from related organization(s) ............................

If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.

(a) Name of related organization	(b) Transaction type (a-s)	(c) Amount involved	(d) Method of determining amount involved
(1) BASS PERFORMANCE HALL ENDOWMENT TRUST	C	485,000	CASH

Schedule R (Form 990) 2019

Page 4

Part VI

Unrelated Organizations Taxable as a Partnership. Complete if the organization answered "Yes" on Form 990, Part IV, line 37.

Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.

(a) Name, address, and EIN of entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	(e) Are all partners section 501(c)(3) organizations?		(f) Share of total income	(g) Share of end-of-year assets	(h) Disproprtionate allocations?		(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	(j) General or managing partner?
(a) Name, address, and EIN of entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	Yes	No	(f) Share of total income	(g) Share of end-of-year assets	Yes	No	(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No

Schedule R (Form 990) 2019

Page 5

Part VII

Supplemental Information

Provide additional information for responses to questions on Schedule R. (see instructions).

Return Reference

Explanation

SCHEDULE R, PART II, LINE 1

AT JUNE 30, 2018, THE NANCY LEE AND PERRY R. BASS PERFORMANCE HALL ENDOWMENT TRUST HAD A FAIR VALUE OF $12,655,657. THE ENDOWMENT TRUST ALLOWS FOR AN ANNUAL PAY OUT OF THE EQUIVALENT OF FIVE PERCENT OF THE ALLOWABLE TRUST BASE, WITH NO LESS THAN 50% OF THE FUNDS DRAWN DEDICATED FOR (1) CAPITAL MAINTENANCE AND REPLACEMENT, AS DEFINED, (2) CONDUCTING AN ANNUAL MAINTENANCE REVIEW OF THE HALL, AND/OR (3) PAYMENT OF FIRE AND CASUALTY INSURANCE DEDUCTIBLES. THE REMAINING FUNDS DRAWN MAY BE USED FOR CERTAIN DEFINED BUILDING OPERATION AND MAINTENANCE PURPOSES. IT IS THE POLICY OF THE TRUSTEES TO TREAT THE UNDISTRIBUTED ASSETS OF THE TRUST AS A PERMANENT ENDOWMENT. AS SUCH, THE TRUSTEES ENDEAVOR TO PRESERVE AND INVEST THE ASSETS OF THE TRUST SO AS TO GENERATE A TOTAL RETURN OVER THE LONG TERM THAT WILL BOTH ACCOMODATE DISTRIBUTIONS FOR THE PURPOSES OF THE FUNDS AND ALSO MAINTAIN THE REAL VALUE, AFTER INFLATION, OF THE UNDISTRIBUTED BALANCE OF THE FUNDS. THE TRUSTEES HAVE ADOPTED A DISTRIBUTION POLICY CONSISTENT WITH THE FOREGOING. AT THE SAME TIME, THE TRUSTEES REMAIN AWARE AND TAKE INTO ACCOUNT THAT, DUE TO THE NATURE OF CAPITAL MAINTENANCE OF A LARGE AND COMPLEX FACILITY, EXTRAORDINARY DISTRIBUTIONS OF LARGER AMOUNTS MAY BE APPROPRIATE AND WOULD BE PERMISSIBLE FROM TIME TO TIME TO COVER CAPITAL MAINTENANCE EXPENDITURES BY THE COMPANY OF A SPECIAL NATURE.

Schedule R (Form 990) 2019

Additional Data

Software ID:
Software Version:

1	Briefly describe the organization’s mission or most significant activities: TO SERVE AS A PERMANENT HOME TO MAJOR PERFORMING ARTS ORGANIZATIONS OF FORT WORTH AND AS A PREMIER VENUE FOR TOURING ATTRACTIONS AND TO PROMULGATE ARTS EDUCATION. SEE SCH. O, GS 1.
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	38
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	35
5	Total number of individuals employed in calendar year 2019 (Part V, line 2a) ......	5	168
6	Total number of volunteers (estimate if necessary) .............	6	549
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	201,240
b	Net unrelated business taxable income from Form 990-T, line 39 .........	7b	72,675

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	24,517,486	5,139,685
9	Program service revenue (Part VIII, line 2g) .........	13,663,745	11,272,900
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	549,930	1,445,743
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	590,588	609,632
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)	39,321,749	18,467,960
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...	17,000	17,000
14	Benefits paid to or for members (Part IX, column (A), line 4).....	0	0
15	Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10)	3,933,190	4,150,004
16a	Professional fundraising fees (Part IX, column (A), line 11e) .....	0	0
b	Total fundraising expenses (Part IX, column (D), line 25) 273,611
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	14,305,484	13,380,754
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	18,255,674	17,547,758
19	Revenue less expenses. Subtract line 18 from line 12.......	21,066,075	920,202
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	119,396,187	123,407,410
21	Total liabilities (Part X, line 26).............	5,884,558	6,479,681
22	Net assets or fund balances. Subtract line 21 from line 20.....	113,511,629	116,927,729

Sign Here

	Signature of officer	Date

	Type or print name and title


4a	(Code: ) (Expenses $ 14,561,322 including grants of $ ) (Revenue $ 11,272,900 )
	PRODUCTIONS AND PERFORMANCES - SEE SCHEDULE O GENERAL STATEMENT 2.

4b	(Code: ) (Expenses $ 1,185,732 including grants of $ 17,000 ) (Revenue $ )
	EDUCATIONAL ACTIVITIES - SEE SCHEDULE O GENERAL STATEMENT 2.

4c	(Code: ) (Expenses $ including grants of $ ) (Revenue $ )












4d	Other program services (Describe in Schedule O.)
	(Expenses $ including grants of $ ) (Revenue $ )
4e	Total program service expenses15,747,054

1b	Sub-Total................
c	Total from continuation sheets to Part VII, Section A....
d	Total (add lines 1b and 1c)...........	1,017,122	0	85,556

1a	Federated campaigns..		1a
b	Membership dues..		1b
c	Fundraising events..		1c
d	Related organizations		1d
e	Government grants (contributions)		1e

f	All other contributions, gifts, grants, and similar amounts not included above		1f	5,139,685

g	Noncash contributions included in lines 1a - 1f:$		1g	353,079

h Total. Add lines 1a-1f.......		5,139,685

		Business Code
2a	TICKET SALES/SURCHARGE/COMMISSION	711190	9,737,984	9,737,984
b	HALL RENTAL FEES	532000	832,975	832,975
c	FACILITY OPERATIONS	900099	432,400	432,400
d	VALET PARKING	900099	260,791	260,791
e	RETURN OF IPN MEMBERSHIP CONTRIBU	900099	8,750	8,750
f	All other program service revenue.
g	Total. Add lines 2a–2f .....		11,272,900

3 Investment income (including dividends, interest, and othersimilar amounts) ......			909,881			909,881
4 Income from investment of tax-exempt bond proceeds
5 Royalties...........
		(ii) Personal	(i) Real
6a	Gross rents	100,878	445,401	6a
b	Less: rental expenses	0	56,005	6b
c	Rental income or (loss)	100,878	389,396	6c
d	Net rental income or (loss).......			490,274		100,878	389,396
		(ii) Other	(i) Securities
7a	Gross amount from sales of assets other than inventory	1,508	22,300,936	7a
b	Less: cost or other basis and sales expenses	0	21,766,582	7b
c	Gain or (loss)	1,508	534,354	7c
d	Net gain or (loss).........			535,862			535,862
8a	Gross income from fundraising events (not including $ of contributions reported on line 1c). See Part IV, line 18 ....
			8a
b	Less: direct expenses ...		8b
c	Net income or (loss) from fundraising events..
9a	Gross income from gaming activities. See Part IV, line 19 ...
			9a
b	Less: direct expenses ...		9b
c	Net income or (loss) from gaming activities..
10a	Gross sales of inventory, less returns and allowances ..
			10a	349,621
b	Less: cost of goods sold ..		10b	249,259
c	Net income or (loss) from sales of inventory..			100,362		100,362
Business Code			Miscellaneous Revenue
11a	OTHER INCOME		900099	18,996			18,996
b
c
d	All other revenue ....
e	Total. Add lines 11a–11d ......			18,996
12	Total revenue. See instructions.....			18,467,960	11,272,900	201,240	1,854,135

1	Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 ....
2	Grants and other assistance to domestic individuals. See Part IV, line 22 ...........	17,000	17,000
3	Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16. .............
4	Benefits paid to or for members .......
5	Compensation of current officers, directors, trustees, and key employees ...........	920,673	240,548	536,577	143,548
6	Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) .........
7	Other salaries and wages........	2,552,038	2,316,821	180,725	54,492
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....	133,959	95,600	30,364	7,995
9	Other employee benefits .......	308,151	242,610	53,847	11,694
10	Payroll taxes ...........	235,183	185,342	39,833	10,008
11	Fees for services (non-employees):
a	Management ......
b	Legal .........	19,532	14,649	4,883
c	Accounting ...........	82,404	41,202	41,202
d	Lobbying ...........
e	Professional fundraising services. See Part IV, line 17
f	Investment management fees ......	190,283		190,283
g	Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O)	335,829	334,884	945
12	Advertising and promotion ....	1,297,642	1,297,642
13	Office expenses .......	180,536	111,143	59,494	9,899
14	Information technology ......	398,485	275,976	122,509
15	Royalties ..
16	Occupancy ...........	391,591	328,234	63,357
17	Travel ............	113,778	95,712	16,512	1,554
18	Payments of travel or entertainment expenses for any federal, state, or local public officials .
19	Conferences, conventions, and meetings ....
20	Interest ...........
21	Payments to affiliates .......
22	Depreciation, depletion, and amortization ..	2,810,931	2,810,931
23	Insurance ...	178,602	89,301	89,301
24	Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a	ARTIST AND EVENT EXPENS	6,089,967	6,075,249		14,718
b	BUILDING MAINTENANCE	1,097,631	1,042,749	54,882
c	ALL OTHER EXPENSES	187,597	125,515	42,379	19,703
d	UBI INCOME TAXES	5,946	5,946
e	All other expenses
25	Total functional expenses. Add lines 1 through 24e	17,547,758	15,747,054	1,527,093	273,611
26	Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here if following SOP 98-2 (ASC 958-720).

1	Cash–non-interest-bearing ........			0	1	0
2	Savings and temporary cash investments .........			9,155,687	2	9,491,650
3	Pledges and grants receivable, net ......			1,031,138	3	879,919
4	Accounts receivable, net .............			923,761	4	1,109,156
5	Loans and other payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .......
				0	5	0
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), and persons described in section 4958(c)(3)(B) ...
				0	6	0
7	Notes and loans receivable, net ...........			0	7	0
8	Inventories for sale or use ............			182,106	8	171,654
9	Prepaid expenses and deferred charges ......			259,958	9	187,534
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	95,031,769
b	Less: accumulated depreciation	10b	50,549,912	46,580,759	10c	44,481,857
11	Investments—publicly traded securities .			22,375,037	11	54,429,983
12	Investments—other securities. See Part IV, line 11 .....			0	12	0
13	Investments—program-related. See Part IV, line 11 ..			0	13	0
14	Intangible assets ...............			0	14	0
15	Other assets. See Part IV, line 11 ...........			38,887,741	15	12,655,657
16	Total assets. Add lines 1 through 15 (must equal line 33)...			119,396,187	16	123,407,410

17	Accounts payable and accrued expenses .....	705,655	17	561,131
18	Grants payable ...	0	18	0
19	Deferred revenue .........	5,178,903	19	5,918,550
20	Tax-exempt bond liabilities .........	0	20	0
21	Escrow or custodial account liability. Complete Part IV of Schedule D	0	21	0
22	Loans and other payables to any current or former officer, director, trustee, key employee, creator or founder, substantial contributor, or 35% controlled entity or family member of any of these persons .........
		0	22	0
23	Secured mortgages and notes payable to unrelated third parties ..	0	23	0
24	Unsecured notes and loans payable to unrelated third parties ..	0	24	0
25	Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17 - 24). Complete Part X of Schedule D	0	25	0
26	Total liabilities. Add lines 17 through 25..	5,884,558	26	6,479,681

	Organizations that follow FASB ASC 958, check here and complete lines 27, 28, 32, and 33.
27	Net assets without donor restrictions ..........		27
28	Net assets with donor restrictions ...........		28
	Organizations that do not follow FASB ASC 958, check here and complete lines 29 through 33.
29	Capital stock or trust principal, or current funds .....		29
30	Paid-in or capital surplus, or land, building or equipment fund ...		30
31	Retained earnings, endowment, accumulated income, or other funds		31
32	Total net assets or fund balances ...........	113,511,629	32	116,927,729
33	Total liabilities and net assets/fund balances ........	119,396,187	33	123,407,410