Quality Of Life Foundation For Metropolitan Dallas
- Assets
- $519.8k
- Revenue
- $527.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 02/1974
- Data as of
- 12/2021
- EIN
- 23-7360214
Organization Overview
Quality Of Life Foundation For Metropolitan Dallas is located in Dallas, TX. The organization was established in 1974. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Quality Of Life Foundation For Metropolitan Dallas is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Quality Of Life Foundation For Metropolitan Dallas generated $527.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.0% each year . All expenses for the organization totaled $501.8k during the year ending 12/2021. While expenses have increased by 27.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Quality Of Life Foundation For Metropolitan Dallas has awarded 11 individual grants totaling $1,195,417. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE EDUCATION AND THE COMMUNITY LIFE OF METROPOLITAN DALLAS IN CULTURAL AND SOCIAL ASPECTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEADERSHIP DALLAS CLASS PROJECT IS A SERVICE PROJECT THAT IS ORGANIZED, COORDINATED, FUNDRAISED AND EXECUTED BY THE LEADERSHIP DALLAS COHORT. THE COHORT INCLUDES A RANGE OF PROFESSIONAL EXPERTISE, INCLUDING CONSTRUCTION, FINANCE, LEGAL, AND CONSULTING ACROSS A RANGE OF DIVERSE INDUSTRIES. THIS YEAR THE GROUP RENOVATED, REDESIGNED AND CREATED A SUSTAINABILITY PLAN FOR JUBILEE PARK AND COMMUNITY CENTER'S FOOD PANTRY. JUBILEE IS LOCATED IN A FOOD DESERT, WHERE GROCERY STORES, FARMERS' MARKETS AND HEALTH FOOD PROVIDERS ARE OFTEN MILES AWAY. NOW, JUBILEE HAS A RENOVATED BUILDING WITH GROCERY-STYLE SHELVING, MULTIPLE REFRIGERATORS AND FREEZERS, STORAGE SPACE, AN INTAKE AREA, AND OTHER FEATURES THAT HELP INCREASE FOOD DISTRIBUTION IN THE COMMUNITY.
QUALITY OF LIFE FOUNDATION PROVIDED SCHOLARSHIPS FOR THE LEADERSHIP DALLAS CLASS. THE LEADERSHIP DALLAS CLASS IS A LEADERSHIP DEVELOPMENT CLASS RUN BY THE DALLAS REGIONAL CHAMBER'S LEADERSHIP PROGRAM.
QUALITY OF LIFE FOUNDATION FOR METROPOLITAN DALLAS PROVIDED GRANTS FOR NUMEROUS PROGRAMS IN THE AREAS OF EDUCATION & WORKFORCE, LEADERSHIP AND COMMUNITY ENGAGEMENT, WHICH BENEFITTED THE REGION ASSISTING ECONOMICALLY DISTRESSED AREAS.
VACCINE CAMPAIGN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dale Petroskey President | OfficerTrustee | 1 | $0 |
Michelle Vopni Chairperson Of The Board | OfficerTrustee | 1 | $0 |
Bob Pragada Chairperson Elect | OfficerTrustee | 1 | $0 |
John Olajide Immediate Past Chair | OfficerTrustee | 1 | $0 |
Kim Kesler Board Secretary | OfficerTrustee | 1 | $0 |
Angela Farley Treasurer | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $527,237 |
| Noncash contributions included in lines 1a–1f | $5,004 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $527,237 |
| Total Program Service Revenue | $0 |
| Investment income | $16 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $527,253 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $365,700 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $621 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $501,835 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $497,273 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $22,525 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $519,798 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $340,080 |
| Total liabilities | $340,080 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $179,718 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $519,798 |
Grants Awarded
Over the last fiscal year, Quality Of Life Foundation For Metropolitan Dallas has awarded $365,700 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Dallas, TX PURPOSE: Economic Development, Talent ATT., Etc. | $310,700 |
Dallas, TX PURPOSE: GENERAL SUPPORT | $55,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Quality Of Life Foundation For Metropolitan Dallas has recieved totaling $80,000.
| Awarding Organization | Amount |
|---|---|
Dallas Foundation A Tx Nonprofit Corporation Dallas, TX PURPOSE: GENERAL SUPPORT | $55,000 |
Goldman Sachs Charitable Gift Fund New York, NY PURPOSE: COMMUNITY OUTREACH & ENRICHMENT PROGRAMS | $15,000 |
Us Chamber Of Commerce Foundation Washington, DC PURPOSE: Grant to communicate importance of data and assessments in K-12 education. | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dallas Foundation A Tx Nonprofit Corporation Dallas, TX | $387,395,879 | $137,312,103 |
Austin Community Foundation Austin, TX | $433,764,301 | $88,798,773 |
San Antonio Area Foundation San Antonio, TX | $587,345,748 | $192,937,536 |
The Greater New Orleans Foundation New Orleans, LA | $406,748,750 | $50,799,913 |
Arkansas Community Foundation Inc Little Rock, AR | $560,797,819 | $112,679,416 |
Oklahoma City Community Foundation Inc Oklahoma City, OK | $855,000,248 | $159,496,642 |
Community Foundation Of North Texas Fort Worth, TX | $520,525,998 | $72,575,782 |
Baton Rouge Area Foundation Baton Rouge, LA | $293,247,071 | $35,030,558 |
Astros Golf Foundation Houston, TX | $9,630,590 | $24,941,045 |
Santa Fe Community Foundation Santa Fe, NM | $107,508,749 | $26,179,829 |
Houston Jewish Community Foundation Houston, TX | $219,913,135 | $24,014,170 |
El Paso Community Foundation El Paso, TX | $84,044,216 | $21,715,289 |