Mission: 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 ... (More)
Performing Arts Fort Worth/Bass Performance Hall is a 501(c)(3) organization, with an IRS ruling year of 1993, and donations are tax-deductible.
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Contact Information
Maddox-Muse Center
330 East Fourth Street, Suite 300
Fort Worth TX 76102
Important note on the timeliness of ratings
The IRS is significantly delayed in processing nonprofits' annual tax filings (Forms 990). As a result, the Financial and Accountability & Transparency score for Performing Arts Fort Worth/Bass Performance Hall is outdated and the overall rating may not be representative of its current operations. Please check with the charity directly for any questions you may have.
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Star Rating System by Charity Navigator
Charity Navigator evaluates a nonprofit organization’s financial health including measures of stability, efficiency and sustainability. We also track accountability and transparency policies to ensure the good governance and integrity of the organization.
Exceptional
This charity's score is 94.46, earning it a 4-Star rating. Donors can "Give with Confidence" to this charity.
This score is calculated from two sub-scores:
Finance: 96.50 View details
Accountability & Transparency: 93.00 View details
This score represents Form 990 data from 2019. More recent filing data is available, but it has not been factored into this score, due to COVID-19's effect on this organization.
View this organization’s historical ratings.
Rating update postponed due to COVID-19's impact on this organization. View Performing Arts Fort Worth/Bass Performance Hall's response.
Star Rated Report
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Program Expense Ratio
89.9%
The Program Expense Ratio is determined by Program Expenses divided by Total Expense (average of most recent three 990s).
This measure reflects the percent of its total expenses a charity spends on the programs and services it exists to deliver. Dividing a charity's average program expenses by its average total functional expenses yields this percentage. We calculate the charity's average expenses over its three most recent fiscal years.
Source: IRS Form 990
Administrative Expenses
8.3%
As reported by charities on their IRS Form 990, this measure reflects what percent of its total budget a charity spends on overhead, administrative staff and associated costs, and organizational meetings. Dividing a charity's average administrative expenses by its average total functional expenses yields this percentage. We calculate the charity's average expenses over its three most recent fiscal years.
Source: IRS Form 990
Fundraising Expenses
1.6%
This measure reflects what a charity spends to raise money. Fundraising expenses can include campaign printing, publicity, mailing, and staffing and costs incurred in soliciting donations, memberships, and grants. Dividing a charity's average fundraising expenses by its average total functional expenses yields this percentage. We calculate the charity's average expenses over its three most recent fiscal years.
Source: IRS Form 990
Liabilities to Assets Ratio
9.0%
The Liabilities to Assets Ratio is determined by Total Liabilities divided by Total Assets (most recent 990).
Part of our goal in rating the financial performance of charities is to help donors assess the financial capacity and sustainability of a charity. As do organizations in other sectors, charities must be mindful of their management of total liabilites in relation to their total assets. This ratio is an indicator of an organization’s solvency and or long term sustainability. Dividing a charity's total liabilities by its total assets yields this percentage.
Source: IRS Form 990
Fundraising Efficiency
$0.02
The amount spent to raise $1 in charitable contributions. To calculate a charity's fundraising efficiency, we divide its average fundraising expenses by the average total contributions it receives. We calculate the charity's average expenses and average contributions over its three most recent fiscal years.
Source: IRS Form 990
Working Capital Ratio
4.20 years
Determines how long a charity could sustain its level of spending using its net available assets, or working capital, as reported on its most recently filed Form 990. We include in a charity's working capital unrestricted and temporarily restricted net assets, and exclude permanently restricted net assets. Dividing these net available assets in the most recent year by a charity's average total expenses, yields the working capital ratio. We calculate the charity's average total expenses over its three most recent fiscal years.
Source: IRS Form 990
Program Expense Growth
3.50%
We compute the average annual growth of program expenses using the following formula: [(Yn/Y0)(1/n)]-1, where Y0 is a charity's program expenses in the first year of the interval analyzed, Yn is the charity's program expenses in the most recent year, and n is the interval of years passed between Y0 and Yn.
Source: IRS Form 990
Governance
Charity Navigator looks to confirm on the Form 990 that the organization has these governance practices in place.
Sources Include: IRS Form 990
| Governance: | |
|---|---|
| Independent Voting Board Members ... (More) | |
| No Material Diversion of Assets ... (More) A diversion of assets – any unauthorized conversion or use of the organization's assets other than for the organization's authorized purposes, including but not limited to embezzlement or theft – can seriously call into question a charity's financial integrity. We check the charity's last two Forms 990 to see if the charity has reported any diversion of assets. If the charity does report a diversion, then we check to see if it complied with the Form 990 instructions by describing what happened and its corrective action. This metric will be assigned to one of the following categories:
| |
| Audited Financials Prepared by Independent Accountant ... (More) Audited financial statements provide important information about financial accountability and accuracy. They should be prepared by an independent accountant with oversight from an audit committee. (It is not necessary that the audit committee be a separate committee. Often at smaller charities, it falls within the responsibilities of the finance committee or the executive committee.) The committee provides an important oversight layer between the management of the organization, which is responsible for the financial information reported, and the independent accountant, who reviews the financials and issues an opinion based on its findings. We check the charity's Form 990 reporting to see if it meets this criteria.
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| Does Not Provide Loan(s) to or Receive Loan(s) From Related Parties ... (More) | |
| Documents Board Meeting Minutes ... (More) | |
| Distributes 990 to Board Before Filing ... (More) | |
| Compensates Board ... (More) |
Policies
Charity Navigator looks to confirm on the Form 990, or for some metrics on the charity's website, that the organization has these policies in place.
Sources Include: IRS Form 990 and organization's website
| Policies: | |
|---|---|
| Conflict of Interest ... (More) | |
| Whistleblower ... (More) | |
| Records Retention and Destruction ... (More) | |
| CEO Compensation Process ... (More) | |
| Donor Privacy ... (More) Donors can be reluctant to contribute to a charity when their name, address, or other basic information may become part of donor lists that are exchanged or sold, resulting in an influx of charitable solicitations from other organizations. Our analysts check the charity's website to see if the organization has a donor privacy policy in place and what it does and does not cover. Privacy policies are assigned to one of the following categories:
The privacy policy must be specific to donor information. A general website policy which references "visitor" or "user" personal information will not suffice. A policy that refers to donor information collected on the website is also not sufficient as the policy must be comprehensive and applicable to both online and offline donors. The existence of a privacy policy of any type does not prohibit the charity itself from contacting the donor for informational, educational, or solicitation purposes. (Less) |
Transparency
Charity Navigator looks to confirm on the Form 990, or for some metrics on the charity's website, that the organization makes this information easily accessible.
Sources Include: IRS Form 990 and organization's website
| Transparency: | |
|---|---|
| CEO Salary Listed on 990 ... (More) | |
| Board of Directors Listed on Website ... (More) | |
| Key Staff Listed on Website ... (More) | |
| Audited Financial Statements on Website ... (More) | |
| Form 990 Available on Website ... (More) |
Additional Information
Unscored
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Total Revenue and Expenses
This chart displays the trend of revenue and expenses over the past several years for this organization, as reported on their IRS Form 990.
Salary of Key Persons
Presented here are this organizations key compensated staff members as identified by our analysts. This compensation data includes salary, cash bonuses and expense accounts and is displayed exactly how it is reported to the IRS. The amounts do not include nontaxable benefits, deferred compensation, or other amounts not reported on Form W-2. In some cases, these amounts may include compensation from related organizations. Read the IRS policies for compensation reporting
Dione Kennedy, President, CEO
$476,942 (2.53% of Total Expenses)
Current CEO and Board Chair can be found in the Leadership & Adaptability report below.
Source: IRS Form 990 (page 7), filing year 2020
Business Master File Data
Below are some key data points from the Exempt Organization IRS Business Master File (BMF) for this organization. Learn more about the BMF on the IRS website
Activities:
Cultural performances (BMF activity code: 090)
Foundation Status:
Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi) (BMF foundation code: 15)
Affiliation:
Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations). (BMF affiliation code: 3)
Data Sources: IRS Forms 990
The Form 990 is a document that nonprofit organizations file with the IRS annually. We leverage finance and accountability data from it to form Encompass ratings. Click here to view this organization's Forms 990 on the IRS website (if any are available).
Pandemic Response
This organization was impacted by COVID-19 in a way that effected their financial health in 2020. This normally would have reduced their star rating. Due to the unprecedented nature of the pandemic, we give charities such as this one the opportunity to share the story of COVID's impact on them, and doing this pauses our revision of their rating. Charities may submit their own pandemic responses through their nonprofit portal.
Performing Arts Fort Worth/Bass Performance Hall reported being impacted by COVID-19 in the following ways:
Program Delivery
Fundraising Capacity
Revenue
Staffing
Administrative Capacity
Balance Sheet
How COVID-19 impacted the organization's operations financially:
Almost 90% of our organization's revenue is derived from earned income; ticket sales, facility rentals, retail sales and special events. Due to COVID-19, our performing arts center was closed for performances and events for over a year. We reopened to limited audiences in July 2021. Due to the continued spread of COVID, providing a safe and secure environment for 2000 people gathered in a room remains challenging. Audiences are understandably uncertain about attending live performances, therefore, we are experiencing lower attendance than in pre-COVID days. Additionally, as a safety measure, services such as food & beverage and valet parking remain suspended, further affecting our earned revenue opportunities. Finally, managing a large facility during a pandemic requires additional costs. These include items such as additional staff to oversee and implement safety protocols, COVID testing as required for certain artists/shows, and additional supplies for cleaning and sanitizing.
How COVID-19 impacted the organization's delivery of programs:
Our facility was completely closed for public performances from March 2020 through June 2021. For the fiscal year 2021-22, we are open but with fewer performances. In some cases we lost dates because certain productions were not yet able to tour, our on-site Education programs are not able to occur because of restrictions with student field trips, and Resident Companies are not performing as many dates as they normally do.
How this organization adapted to changing conditions caused by COVID-19:
After being closed for the last few months of the 2019-2020 season, we ultimately realized that it would not be safe or financially feasible to hold performances in the 2020-21 fiscal year. At that time we implemented difficult cuts and reduced staff by furloughing many team members. Normally, part of our programming involves education programs that bring in over 70,000 students and teachers annually. Since we couldn't bring them in person, we quickly began to develop and create virtual Education Programs that we shared with local school districts. We were thrilled that by the end of the 2020-21 fiscal year we had reached over 60,000 students and teachers. Our team was buoyed by serving the student population as we developed plans for reopening to all audiences in the 2021-22 season.
Innovations the organization intends to continue permanently after the pandemic:
We will continue to offer our virtual education programs in addition to adding our live education performances when it is safe to do so. There are many schools that may still be unable to attend in person and these virtual options have been extremely well received. Secondly, we will likely continue to implement some level of work-from-home capacity. While we are a performance venue that requires lots of audience interaction, there are positions and/or days, that employees are able to accomplish tasks from home occasionally. Finally, while we have all had enough Zoom meetings this past eighteen months to last a lifetime, we actually had more attendance at board and board committee meetings than ever. It allows people who are traveling for work or even on vacation to still participate if they wish. We will likely find ways to offer a hybrid option for meetings that are served well in this format.
Historical Ratings
| Date Published | Form 990 FYE | Overall Score | Overall Rating |
| Rating Version: 2.1 | |||
| 12/23/2020 | 2019 | 94.46 | |
| 8/1/2019 | 2018 | 95.05 | |
| 8/1/2018 | 2017 | 95.05 | |
| 12/1/2017 | 2016 | 95.05 | |
| 9/1/2017 | 2015 | 89.44 |  |
| 10/1/2016 | 2015 | 87.65 | |
This organization received multiple star ratings within this fiscal year, due to an update to its Accountability and Transparency data and/or the receipt of an amended Form 990. | |||
| 6/1/2016 | 2014 | 85.44 | |
| Rating Version: 2.0 | |||
| 11/1/2015 | 2014 | 85.78 | |
| 9/1/2014 | 2013 | 84.93 | |
| 10/1/2013 | 2012 | 84.33 | |
| 9/1/2012 | 2011 | 82.97 | |
| 9/20/2011 | 2010 | 76.81 |  |
| Rating Version: 1.0 | |||
| 12/1/2010 | 2009 | 74.94 | |
| 3/1/2010 | 2008 | 97.45 | |
| 3/1/2009 | 2007 | 79.90 | |
| 8/1/2007 | 2006 | 85.40 | |
| 10/1/2006 | 2005 | 67.07 |  |
| 10/1/2005 | 2004 | 73.29 | |
| 12/1/2004 | 2003 | 73.84 | |
| 12/1/2003 | 2002 | 77.11 | |
Previous: Finance & Accountability / Next: Leadership & Adaptability
Impact & Results
This score estimates the actual impact a nonprofit has on the lives of those it serves, and determines whether it is making good use of donor resources to achieve that impact.
Impact & Results Score
Not Currently Scored
Performing Arts Fort Worth/Bass Performance Hall cannot currently be evaluated by our Encompass Rating Impact & Results methodology because either (A) it is eligible, but we have not yet received data; (B) we have not yet developed an algorithm to estimate its programmatic impact; (C) its programs are not direct services; or (D) it is not heavily reliant on contributions from individual donors.
Note: The absence of a score does not indicate a positive or negative assessment, it only indicates that we have not yet evaluated the organization.
Do you work at Performing Arts Fort Worth/Bass Performance Hall? Join the waitlist for an updated Impact & Results score.
Additional Information
Unscored
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Largest Programs
Performing Arts Fort Worth/Bass Performance Hall reported its two largest programs on its FY 2019 Form 990 as:
$15,545,746
Spent in most recent FY
92%
Percent of program expenses
Productions and Performances
$1,231,200
Spent in most recent FY
7%
Percent of program expenses
Educational Activities
Previous: Impact & Results / Next: Culture & Community
Leadership & Adaptability
This score provides an assessment of the organization's leadership capacity, strategic thinking and planning, and ability to innovate or respond to changes in constituent demand/need or other relevant social and economic conditions to achieve the organization's mission.
Leadership & Adaptability Score
100
out of 100
The score earned by Performing Arts Fort Worth/Bass Performance Hall is a passing score. This score has no effect on the organization's Star Rating.
Encompass Rating V4 provides an evaluation of the organization's Leadership & Adaptability through the nonprofit organization submitting a survey response directly to Charity Navigator.
Leadership & Adaptability Report
100
of 100 points
Mission
The nonprofit organization presents evidence of strategic thinking through articulating the organization’s mission
The mission of Performing Arts Fort Worth in the operation 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 other 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.
Source: Nonprofit submitted responses
Vision
The nonprofit organization presents evidence of strategic thinking through articulating the organization’s vision.
Bass Performance Hall provides arts, education, engagement and entertainment opportunities that add to the vibrancy and livability of our community. Our work makes this North Texas region a more dynamic place to live, work and play.
Source: Nonprofit submitted responses
Strategic Goals
The nonprofit organization presents evidence of strategic thinking and goal setting through sharing their most important strategic goals.
Goal One: Expand our Engagement opportunities to reach new and under-served audiences, within current programming and facility availability.
Goal Type: New program(s) based on observed changes in needs among our constituencies/communities served.
Goal Two: Continue to provide a significant subsidy for use of Bass Performance Hall by Resident Companies including the FW Symphony, Texas Ballet Theater, FW Opera and Cliburn International Piano Competition.
Goal Type: Grow, expand, scale or increase access to the existing programs and services.
Goal Three: Increase net revenue on our Broadway at the Bass series after an eighteen-month COVID-19 shutdown.
Goal Type: Focus on core programs to achieve mission and scale back on programs not seen as core.
Source: Nonprofit submitted responses
Leadership Development
The nonprofit provides evidence of investment in leadership development
Describe an investment in leadership
Generally we provide significant training opportunities for our team members in the form of industry conferences and for specific positions, ongoing certification education support. During the pandemic we have concentrated on virtual training opportunities for all of our team in industry specific webinars and conferences as well as diversity and anti-bias training for the entire team.
Source: Nonprofit submitted responses
Mobilizing for Mission
The nonprofit provides evidence of leadership through focusing externally and mobilizing resources for the mission.
This organization mobilizes for mission in the following ways:
Strategic Partnerships
Thought Leadership
Raising Awareness
What are this organization’s external mobilizaton efforts?
Engage in strategic partnerships: Our Director of Education works directly with the Fort Worth Independent School District to ensure that our education offerings continue to meet the strict curriculum requirements that enable the district to mandate our programs within the school system. Engage in thought leadership: Our President & CEO serves on the Board of the Broadway League, which is the industry affiliation representing Broadway and touring Broadway. When the League's annual New York conference was unable to be held in person, she co-chaired a virtual conference that allowed nearly 1000 industry professionals from all over the country to gather for important trade collaboration, learning sessions and panel discussions focused on the ongoing effects of COVID-19 and requirements for a safe return to business during a pandemic. Raise Awareness of Mission: Our VP of Programming and Engagement oversees a robust effort of media placement, social engagement, and website visibility.
Source: Nonprofit submitted responses
Story of Adaptability
The nonprofit has an opportunity to tell the story of how the organization adapted to tremendous external changes in the last year.
Our venue closed on March 13, 2020. While our existing emergency plan helped us address the immediate needs of a short term shut down, we had to continue to revise and adapt once the shutdown occurred. For the first several weeks we learned new information almost hourly about how the pandemic was affecting our industry. As time went by, what we once thought would be a shutdown for a few weeks was clearly going to be much longer. One of our upcoming shows, the national tour of the Broadway hit musical HAMILTON, was scheduled for June 2020. Months ahead of this engagement we were already sold out and it was devastating to ultimately realize that it simply would not be able to happen. By mid-summer it was clear that no Broadway tours would be available for the next season (2020-21). In addition, our Resident Ballet and Opera companies would not be able to perform. At that point, we made the tough decision to remain closed for the season and implement significant staff furloughs, although we maintained core teams in building services, education, marketing, programming, and finance. Our team embarked on several projects to prepare for reopening, knowing that COVID would still be a factor. Our marketing team focused on maintaining communication with patrons and converting to a fully touchless ticketing option. Our facilities team oversaw the installation of touchless faucets and flushers and sanitizing equipment. The Education team quickly converted to virtual options for students. Our programming team continued to work with Resident Companies on rescheduling dates and with booking agents to schedule future tours. Our team had to become COVID specialists. HR had to determine how to handle positive cases, including contact tracing and quarantining. Our programming team stayed abreast of industry protocols for artists, unions, etc. Our front-of-house team had to develop audience protocols. This season, 2021-22, we are open and beginning the process to rebuild audiences.
Source: Nonprofit submitted responses
Additional Information
Unscored
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Organization Leadership
Dione Kennedy
President & CEO
Elaine Agather
Chairman
Previous: Leadership & Adaptability
Culture & Community
This score provides an assessment of the organization's culture and connectedness to the community it serves. Learn more about how and why we rate Culture & Community.
Culture & Community Score
Not Currently Scored
Performing Arts Fort Worth/Bass Performance Hall is currently not eligible for a Culture & Community score because we have not received its Constituent Feedback or Diversity, Equity, & Inclusion data. Nonprofit organizations are encouraged to fill out the How We Listen and Equity Practices sections of their Candid profile.
Note: The absence of a score does not indicate a positive or negative assessment, it only indicates that we have not yet evaluated the organization.
Culture & Community Report
Unscored
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Diversity, Equity, & Inclusion
This organization has not provided information regarding the diversity, equity and inclusion (DEI) practices it is presently implementing. As such, the organization has not earned a score on this metric. Charity Navigator believes nonprofit organizations implementing effective DEI policies and practices can enhance a nonprofit's decision-making, staff motivation, innovation, and effectiveness.
Methodology
We are utilizing data collected by Candid to document and assess the DEI practices implemented by the organization. Nonprofit organizations are encouraged to fill out the Equity Strategies section of their Candid profiles to receive a rating.
Learn more about the methodology.
Constituent Feedback
Constituent Feedback and Listening Practice data are not available for this organization. Charity Navigator believes nonprofit organizations that engage in inclusive practices, such as collecting feedback from the people and communities they serve, may be more effective.
Methodology
We've partnered with Candid to survey organizations about their feedback practices. Nonprofit organizations can fill out the How We Listen section of their Candid profile to receive a rating.
Learn more about the methodology.
Analysis and Research
Like the overall Encompass Rating System, the Culture & Community Beacon is designed to evolve as metrics are developed and ready for integration. Below you can find more information about the metrics we currently evaluate in this beacon and their relevance to nonprofit performance.
Constituent Feedback
Diversity, Equity, and Inclusion
