Philanthropy Southwest
- Assets
- $2.4m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 7
- Location
- Dallas, TX
- Founding
- 01/1976
- Data as of
- 12/2023
- EIN
- 51-0163529
Organization Overview
Philanthropy Southwest is located in Dallas, TX. The organization was established in 1976. As of 12/2023, Philanthropy Southwest employed 7 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 12/2023, Philanthropy Southwest generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $2.3m during the year ending 12/2023. While expenses have increased by 10.8% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
FOSTER PHILANTHROPY AND RELATIONSHIPS THAT IMPACT THE SOUTHWEST'S PEOPLE AND COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN-PERSON ANNUAL CONFERENCE: THERE WERE 512 INDIVIDUALS REGISTERED FOR THE 75TH ANNUAL CONFERENCE, INCLUDING MEMBER, NON-MEMBER, SPEAKERS (111), AND SPOUSE/GUEST REGISTRANTS. THE CONFERENCE INCLUDED FOUR PLENARY SESSIONS AND 32 BREAKOUT SESSIONS, NETWORKING EVENTS, SITE VISITS, PRE-CONFERENCE SESSIONS, THE 75TH ANNIVERSARY CELEBRATION AND CELEBRATION OF PHILANTHROPY DINNER, CEO / ED BREAKFAST. OTHER THAN MEMBER DUES, THIS IS THE PRIMARY FUNDRAISING EVENT FOR PSW.
ONGOING MEMBER SERVICES:PSW 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, PROFESSIONAL DEVELOPMENT, 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, NEWSLETTERS, LEGISLATIVE UPDATES, RESEARCH STUDIES - DEMOGRAPHIC, RURAL, URBAN.AS PSW REFLECTS ON THE PAST 75 YEARS, PSW IS EXCITED TO SHARE HOW WE ARE PRESERVING OUR LEGACY, SHOWCASING OUR STORY, AND FURTHERING OUR MISSION FOR THE FUTURE OF PSW.- PRESERVING OUR LEGACY: WITH THE SUPPORT OF MEMORY FORWARD, PSW HAS COMPILED AN EXTENSIVE COLLECTION OF PHOTOS, DOCUMENTS, AND MORE TO CHRONICLE OUR 75-YEAR HISTORY.- SHOWCASING OUR STORY: TO COMMEMORATE THE 75TH ANNIVERSARY, WE CREATED A DOCUMENTARY TO HIGHLIGHT THE REMARKABLE JOURNEY OF PSW. PRODUCED BY THE FAMILY PICTURES INSTITUTE FOR INCLUSIVE STORYTELLING AND PREMIERED AT OUR CELEBRATION OF PHILANTHROPY EVENT HELD AT THE DRISKILL (THE LOCATION OF OUR FOUNDERS' FIRST MEETING), THE FILM FOLLOWS PSW FROM ITS FOUNDING TO TODAY TO OUR VISION FOR THE FUTURE.
EDUCATIONAL SEMINARS: PSW OFFERS A NUMBER OF EDUCATIONAL AND PROFESSIONAL LEARNING OPPORTUNITIES ON A VARIETY OF TOPICS DESIGNED TO ASSIST ITS MEMBERS WITH ALL ASPECTS OF OPERATING CHARITABLE ORGANIZATIONS EFFICIENTLY, EFFECTIVELY, AND WITHIN THE LEGAL FRAMEWORK OF THE INTERNAL REVENUE CODE AS WELL AS THE STATUTES OF THEIR RESPECTIVE STATES. OFFERINGS INCLUDED THE FOLLOWING: UNIVERSITY OF TEXAS LAW SCHOOL NONPROFIT ORGANIZATIONS INSTITUTE: OVER 250 PEOPLE ATTENDED THIS PROGRAM LED BY NATIONAL EXPERTS FROM PRIVATE FOUNDATIONS, NONPROFIT ORGANIZATIONS, LAW, FINANCE AND GOVERNMENTAL ENTITIES. TOPICS INCLUDED DISCUSSIONS ON TAX, LEGISLATIVE, AND GOVERNANCE ISSUES AFFECTING PRIVATE FOUNDATIONS AND NONPROFIT ORGANIZATIONS. OTHER SESSION TOPICS INCLUDED DATA PROTECTION, CRISIS MANAGEMENT, RISK MANAGEMENT, GRANTMAKING, INVESTMENTS, COMPLIANCE AND REPORTING.WEBINARS: "FEDERAL DAF REGULATIONS FROM TREASURY: HOW THEY IMPACT YOUR ORGANIZATION AND "IMPROVING MENTAL HEALTH FOR TEXAS KIDS IN FOSTER CARE".PSW ON THE ROAD EVENTS: HELD IN 5 LOCATIONS, WITH 158 ATTENDEES - OKLAHOMA CITY, OK, FORT WORTH, TX, DENVER, CO, AND SANTA FE, NM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Randazzo Chair/board Member - Thru 8/2023 | OfficerTrustee | 2 | $0 |
Felicia Chase Goodman Chair/board Member - As Of 9/2023 | OfficerTrustee | 2 | $0 |
Jo Carcedo Immediate Past President | OfficerTrustee | 2 | $0 |
Bonnie Gonzalez Secretary/board Member | OfficerTrustee | 2 | $0 |
Katie Robbins Treasurer/board Member | OfficerTrustee | 2 | $0 |
Katie Alford Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $680,778 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,334,765 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,015,543 |
| Total Program Service Revenue | $604,635 |
| Investment income | $39,146 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $18,616 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,678,418 |
| 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. | $262,870 |
| Compensation of current officers, directors, key employees. | $78,861 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $445,265 |
| Pension plan accruals and contributions | $39,017 |
| Other employee benefits | $36,527 |
| Payroll taxes | $45,926 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $128 |
| Fees for services: Accounting | $64,212 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $69,748 |
| Advertising and promotion | $0 |
| Office expenses | $93,113 |
| Information technology | $16,603 |
| Royalties | $0 |
| Occupancy | $46,538 |
| Travel | $87,296 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $699,377 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,747 |
| Insurance | $8,297 |
| All other expenses | $1,481 |
| Total functional expenses | $2,325,090 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $277,894 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $212,500 |
| Accounts receivable, net | $41,652 |
| 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 | $55,066 |
| Net Land, buildings, and equipment | $29,614 |
| Investments—publicly traded securities | $1,496,748 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $284,636 |
| Total assets | $2,398,110 |
| Accounts payable and accrued expenses | $42,423 |
| Grants payable | $0 |
| Deferred revenue | $165,455 |
| 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 | $287,984 |
| Total liabilities | $495,862 |
| Net assets without donor restrictions | $1,788,248 |
| Net assets with donor restrictions | $114,000 |
| 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 | $2,398,110 |