Philanthropy Southwest
- Assets
- $1.6m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 8
- Location
- Dallas, TX
- Founding
- 01/1976
- Data as of
- 12/2021
- EIN
- 51-0163529
Organization Overview
Philanthropy Southwest is located in Dallas, TX. The organization was established in 1976. As of 12/2021, Philanthropy Southwest employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Philanthropy Southwest 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, Philanthropy Southwest generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $1.7m during the year ending 12/2021. While expenses have increased by 8.7% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
FOSTER MEANINGFUL PHILANTHROPY AND TRUSTED RELATIONSHIPS THAT IMPACT THE SOUTHWEST REGION'S PEOPLE, COMMUNITIES, AND MOST PRESSING ISSUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HYBRID IN-PERSON VIRTUAL ANNUAL CONFERENCE : THERE WERE 261 INDIVIDUALS REGISTEREDFOR THE 73ND ANNUAL CONFERENCE, INCLUDING NON-MEMBER ANDSPOUSE/GUEST REGISTRANTS. THE CONFERENCE INCLUDED FIVE PLENARYSESSIONS.
ONGOING MEMBER SERVICES :PHILANTHROPY SOUTHWEST IS COMMITTED TO CONNECTED, IMPACTFUL PHILANTHROPY BY PROVIDING RESPONSIVE AND TIMELY SERVICES, RESOURCES AND EDUCATIONAL PROGRAMMING TO ITS MEMBERS. TO THAT END PSW PROVIDED: LEADERSHIP DEVELOPMENT OPPORTUNITIES ONLINE EDUCATIONAL EXCHANGE COMMITTED TO MEMBER PROFESSIONAL DEVELOPMENT DYNAMIC AND TAILORED LEARNING EXPERIENCES CONNECTION OPPORTUNITIES ONE SOUTHWESTERN VOICE TO PROMOTE & DEFEND PHILANTHROPY EFFECTIVELY SECTOR RESOURCES AND DISCOUNTS.
EDUCATION :PHILANTHROPY SOUTHWEST OFFERS A NUMBER OF EDUCATIONALAND PROFESSIONAL LEARNING OPPORTUNITIES ON A VARIETY OF TOPICSDESIGNED TO ASSIST ITS MEMBERS WITH ALL ASPECTS OF OPERATINGCHARITABLE ORGANIZATIONS EFFICIENTLY, EFFECTIVELY AND WITHIN THE LEGALFRAMEWORK OF THE INTERNAL REVENUE CODE AS WELL AS THE STATUTES OFTHEIR RESPECTIVE STATES. OFFERINGS INCLUDED THE FOLLOWING:UNIVERSITY OF TEXAS LAW SCHOOL NONPROFIT ORGANIZATIONS INSTITUTE:OVER 300 PEOPLE ATTENDED THIS PROGRAM LED BY NATIONAL EXPERTS FROMPRIVATE FOUNDATIONS, NONPROFIT ORGANIZATIONS, LAW, FINANCE ANDGOVERNMENTAL ENTITIES. TOPICS INCLUDED DISCUSSIONS ON TAX,LEGISLATIVE, AND GOVERNANCE ISSUES AFFECTING PRIVATE FOUNDATIONS ANDNONPROFIT ORGANIZATIONS. OTHER SESSION TOPICS INCLUDED DATAPROTECTION, CRISIS MANAGEMENT, RISK MANAGEMENT, GRANTMAKING,INVESTMENTS, COMPLIANCE AND REPORTING.INVESTING FOR FOUNDATIONS 101 & 201:9 PEOPLE ATTENDED THE IN-PERSON EVENT WITH LEARNINGOBJECTIVES THAT INCLUDED UNDERSTANDING THE FUNDAMENTALS OF STOCKS,BONDS AND OTHER INSTRUMENTS IN CAPTIAL MARKETS, IDENTIFICATION ANDMANAGEMENT OF RISK RELATED TO AN INVESTMENT PORTFOLIO.WEBINARS:PSW COMPLETED 5 WEBINARS FOR MEMBERSHIP ON TOPICS RANGING FROMLEGAL MATTERS FOR COMMUNITY FOUNDATION, BOARD GOVERNANCE-BEST &EMERGING PRACTICES, LESSONS LEARNED ON DISASTER RECOVERY,DECIPHERING THE FORM 990 AND GOOD GOVERNANCE: BUILDING ASUSTAINABLE BOARD.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony Fundaro President/ceo | Officer | 40 | $161,126 |
Lauren Haskins Vice President Of Membership And Partnerships | 40 | $104,106 | |
Jo Carcedo Chair/board Member | OfficerTrustee | 2 | $0 |
Matt Carpenter Immediate Past Chair | OfficerTrustee | 2 | $0 |
Bonnie Gonzalez Secretary/board Member | OfficerTrustee | 2 | $0 |
Julie Lerudis Treasurer/board Member | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $600,040 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $30,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $532,643 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,162,683 |
| Total Program Service Revenue | $290,800 |
| Investment income | $25,707 |
| 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 | $1,479,190 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $204,224 |
| Compensation of current officers, directors, key employees. | $61,267 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $429,058 |
| Pension plan accruals and contributions | $38,474 |
| Other employee benefits | $35,549 |
| Payroll taxes | $46,178 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,096 |
| Fees for services: Accounting | $70,204 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $42,126 |
| Advertising and promotion | $0 |
| Office expenses | $61,439 |
| Information technology | $114,545 |
| Royalties | $0 |
| Occupancy | $76,468 |
| Travel | $44,411 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $350,260 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,688 |
| Insurance | $9,662 |
| All other expenses | $28,392 |
| Total functional expenses | $1,652,991 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $215,537 |
| Savings and temporary cash investments | $16,860 |
| Pledges and grants receivable | $52,539 |
| Accounts receivable, net | $4,000 |
| 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 | $47,318 |
| Net Land, buildings, and equipment | $14,840 |
| Investments—publicly traded securities | $1,259,658 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $30,000 |
| Total assets | $1,640,752 |
| Accounts payable and accrued expenses | $128,708 |
| Grants payable | $0 |
| Deferred revenue | $110,243 |
| 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 | $238,951 |
| Net assets without donor restrictions | $1,356,801 |
| Net assets with donor restrictions | $45,000 |
| 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 | $1,640,752 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Philanthropy Southwest has recieved totaling $5,500.
| Awarding Organization | Amount |
|---|---|
The Powell Foundation Houston, TX PURPOSE: OTHER: GENERAL OPERATING, SUPPORT, PROGRAMS, AND INITIATIVES | $5,500 |
Endowment Analysis
| Beg. Balance | $882,895 |
| Earnings | $137,888 |
| Other Expense | $1,344 |
| Ending Balance | $1,019,439 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
North Texas Rehab Tr Wichita Falls, TX | $0 | $190,992 |
Oldham Little Church Foundation Houston, TX | $30,137,970 | $4,323,104 |
Susan Vaughan Foundation Inc Houston, TX | $23,902,558 | $2,793,017 |
Philanthropy Southwest Dallas, TX | $1,640,752 | $1,479,190 |
George William Patton & Mary Patton Foundation Trust B Dallas, TX | $13,113,675 | $1,965,133 |
Marketplace Ministries Foundation Plano, TX | $11,873,944 | $1,668,158 |
Paris Legacy Foundation Inc Paris, TX | $7,749,974 | $897,931 |
Fund For Change Santa Fe, NM | $531,456 | $472,266 |
Heart Trust Wichita Falls, TX | $4,914,220 | $475,077 |
Cancer Trust Wichita Falls, TX | $4,914,220 | $475,077 |
Boys Ranch Tr Wichita Falls, TX | $4,914,220 | $475,077 |
North Arkansas Medical Foundation Harrison, AR | $1,182,854 | $844,656 |