Quality Of Life Foundation For Metropolitan Dallas
- Assets
- $239.8k
- Revenue
- $728.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 02/1974
- Data as of
- 12/2023
- 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 12/2023, Quality Of Life Foundation For Metropolitan Dallas generated $728.6k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 23.3% each year . All expenses for the organization totaled $594.0k during the year ending 12/2023. While expenses have increased by 23.4% per year over the past 9 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 21 individual grants totaling $2,633,506. 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
2023
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
QUALITY OF LIFE FOUNDATION FOR METROPOLITAN DALLAS PROVIDED GRANTS FOR NUMEROUS PROGRAMS IN THE AREAS OF EDUCATION & WORKFORCE, LEADERSHIP, COMMUNITY ENGAGEMENT AND OTHER AREAS WHICH BENEFITTED THE REGION'S BUSINESS'S AND ECONOMICALLY DISTRESSED COMMUNITIES.
QUALITY OF LIFE FOUNDATION FOR METROPOLITAN DALLAS (QOL) RECOGNIZED $51,515 OF THE REVENUE RELATED TO A PAYMENT RECEIVED FROM EDUCATION STRATEGY GROUP SO THAT QOL COULD INCORPORATE BEST PRACTICES AND EVIDENCE-BASED TOOLS INTO THEIR CURRENT CAREER PATHWAYS WORK TO EXPAND AND ACTIVATE HIGH SCHOOL STUDENT NETWORKS.
LEADERSHIP DALLAS CLASS PROJECTS ARE SERVICE PROJECTS THAT ARE ORGANIZED, COORDINATED, FUNDRAISED AND EXECUTED BY THE LEADERSHIP DALLAS COHORTS. THE COHORTS INCLUDES A RANGE OF PROFESSIONAL EXPERTISE, INCLUDING OPERATIONS, TECHOLOGY, LEGAL, AND CONSULTING ACROSS A RANGE OF DIVERSE INDUSTRIES. DURING 2023 THE GROUP CLASSES: 1) DEVELOPED, EXECUTED A CONSULTING PLAN FOR BONTON FARMS INCLUDING OVER 2500 VOLUNTEER HOURS AND SECURING TWO NATIONAL PARTNERS TO CONTINUE THE WORK BEYOND THE PROJECT. THE INFORMATION GENERATED WILL BE USEFUL TO MULTIPLE NON-PROFITS IN THE REGION. 2) WORKED WITH THE DALLAS 911 CALL CENTER OPERATIONS, INCLUDING OVER 250 VOLUNTEER HOURS, WORKING WITH THE 911 CALL CENTER TEAM AND PARTNERS TO IMPROVE THE INFORMATION AND PROCESSES USED TO COMMUNICATE AND EDUCATE THE RESIDENTS, INCLUDING CHILDREN, AND BUSINESSES IN THE DALLAS REGION ABOUT THE NEEDS AND WAYS TO UTILIZE THE 911 CALL CENTER IN AN EMERGENCY OR NON-EMERGENCY SITUATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Drc Immediate Past Chair | OfficerTrustee | 1 | $0 |
Name Not Listed Drc Chair Elect 2024 | OfficerTrustee | 1 | $0 |
Name Not Listed President | OfficerTrustee | 1 | $0 |
Name Not Listed Drc Chair Person | OfficerTrustee | 1 | $0 |
Name Not Listed Drc Board Secretary | OfficerTrustee | 1 | $0 |
Name Not Listed 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 | $677,125 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $677,125 |
| Total Program Service Revenue | $51,515 |
| Investment income | $0 |
| 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 | $728,640 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $502,371 |
| 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 | $324 |
| 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 | $594,004 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $239,716 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $51 |
| 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 | $239,767 |
| Accounts payable and accrued expenses | $4,789 |
| 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 | $0 |
| Total liabilities | $4,789 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $234,978 |
| 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 | $239,767 |
Grants Awarded
Over the last fiscal year, Quality Of Life Foundation For Metropolitan Dallas has awarded $502,371 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
DALLAS REGIONAL CHAMBER PURPOSE: ECONOMIC DEVELOPMENT TALENT ATT., ETC | $490,000 |
BONTON ENTERPRISES PURPOSE: Leadership Class Project | $12,371 |