Passes our checks

Frisco Association for the Arts

EIN 75-2798817 · Frisco, TX

Public records show a registered, tax-exempt organization in good standing.

What it says it does

TO ADVANCE THE ARTS THROUGH ADVOCACY, OUTREACH AND EDUCATION, BUILDING A STRONGER COMMUNITY WITH THE ARTS.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Fair: 57 out of 100. Higher than 25% of charities in its peer group (arts and culture, $250k to $1m).

Reserves
10 of 35
Spendable reserves would cover 2.0 months of spending.
Debt
20 of 20
It owes 0% of what it owns.
Living within its means
12 of 15
Income exceeded spending by 0% of income.
Income trend
0 of 15
Income fell 32% on the year before.
Spending floor
15 of 15
92% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Good: 83 out of 100. Higher than 68% of charities in its peer group (arts and culture, $250k to $1m).

Independent board
25 of 25
7 of 7 voting board members are independent.
Conflict of interest policy
15 of 15
Has a written conflict of interest policy.
Whistleblower policy
8 of 8
Has a written whistleblower policy.
Record keeping policy
0 of 7
Reports no written policy on keeping and destroying records.
Board minutes
5 of 5
Keeps minutes of board meetings.
Board sees the tax return
10 of 10
Gave the board a copy of this return before filing it.
Independent check of accounts
6 of 15
Its accounts were not audited or reviewed by an independent accountant.
No reported misuse
10 of 10
Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)

$338,808 spent. Arts Tourism Grant: Nonprofit arts organizations who offer quality programs benefiting the citizens of Frisco and increasing arts tourism to Frisco qualify for the annual Arts Tourism grants. The funding for these grants comes from a percentage of the Hotel Occupancy Tax, paid for by visitors to Frisco and approved by the Frisco City Council. The City of Frisco's Arts Tourism grant is managed by Frisco Arts Foundation. FRISCO ARTS WALK AND RUN: Support the ARTS and get heart healthy at the 3rd Annual Frisco Arts Walk and Run!! This family-friendly, immersive arts-themed 5K takes place along the beautiful grounds of HALL Park in Frisco, TX. Runners will be surrounded by the inspiring, award-winning sculptures of the HALL Collection, and the route will include pop-up music, art, theatre, and dance from our local arts community! Everyone will receive an arts-themed finisher medal, and top race winners will receive a unique art piece designed by local artists.Ladies Who Launch Grant Program: We recognize women as capable and driven entrepreneurs with great potential for success in the competitive marketplace. We celebrate women in business and welcome the positive impact small businesses in the arts have in our community. This grant is funded by generous donors of the Frisco Arts Foundation. We hosted a Grant celebration for our winners in 2022.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since December 2002.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.