Dallas Margarita Society Inc
- Assets
- $991.0k
- Revenue
- $379.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 04/1979
- Data as of
- 12/2021
- EIN
- 75-1610414
Organization Overview
Dallas Margarita Society Inc, operating under the name Dallas Childrens Charities, is located in Dallas, TX. The organization was established in 1979. According to its NTEE Classification (P58) the organization is classified as: Gift Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dallas Childrens Charities 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, Dallas Childrens Charities generated $379.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.6%) each year. All expenses for the organization totaled $287.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Dallas Childrens Charities has awarded 180 individual grants totaling $2,133,965. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
DALLAS MARGARITA SOCIETY PROVIDES AT-RISK DALLAS/FORT WORTH METROPLEX CHILDREN WITH GIFTS AT CHRISTMAS TIME AND HELPS COMMUNITY ORGANIZATIONS ... (CONTINUED ON SCHEDULE O)
Describe the Organization's Program Activity:
THE DALLAS MARGARITA SOCIETY (DMS) COLLECTED AND DISTRIBUTED TOYS VALUED AT $3,920 TO DISADVANTAGED KIDS ATTENDING THE LOVE FOR KIDS CHRISTMAS PARTY. THE PARTY, HAVING OVER 3,000 UNDERPRIVILEGED KIDS, IS BY INVITATION ONLY AND GROUPS ARE INVITED THROUGH LOCAL RECREATION CENTERS, SCHOOLS, AND OTHER AGENCIES FROM A MASTER LIST THAT HAS BEEN ACCUMULATED OVER MANY YEARS. CHILDREN BETWEEN THE AGES OF 6-12 ENJOY A DAY OF ENTERTAINMENT, HORSEBACK RIDING, OUTDOOR GAMES, HAY-RIDES, BUBBLE BOUNCE, CARNIVAL GAMES, FOOD AND PRIZES. THE REMAINING TOYS VALUED AT $147,490 WERE DISTRIBUTED TO VARIOUS OTHER ORGANIZATIONS DEDICATED TO HELPING UNDERPRIVILEGED CHILDREN IN TEXAS. DMS DONATED AN ADDITIONAL $5,000 IN CASH TO LOVE FOR KIDS, AN ORGANIZATION WHICH HOSTS OVER 3,000 CHILDREN FROM ALL ETHNIC GROUPS FOR THE LARGEST CHRISTMAS PARTY FOR UNDERPRIVILEGED CHILDREN IN TEXAS.
DMS DONATED TOYS VALUED AT $13,240 TO THE DPD YOUTH FOUNDATION TO SUPPORT PROGRAMS THAT DIRECTLY IMPROVE THE HEALTH AND WELL-BEING OF CHILDREN.
DMS DONATED TOYS VALUED AT $13,965 TO ADAM'S ANIMALS TO SUPPORT PROGRAMS THAT DIRECTLY IMPROVE THE HEALTH AND WELL-BEING OF CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Hsu VP - Sponsorship | OfficerTrustee | 3 | $0 |
Bill Katz Executive Vice President | OfficerTrustee | 3 | $0 |
Christian Bowers Treasurer | OfficerTrustee | 3 | $0 |
Graham Keefe VP - Silent Auction | OfficerTrustee | 3 | $0 |
Aaron Cottle VP - Golf Tournament | OfficerTrustee | 3 | $0 |
John Elliott VP - Social Fundraising | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $11,800 |
| Fundraising events | $338,829 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $266,775 |
| Noncash contributions included in lines 1a–1f | $296,233 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $617,404 |
| Total Program Service Revenue | $0 |
| Investment income | $148 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $11,997 |
| Net Income from Fundraising Events | -$268,704 |
| Net Income from Gaming Activities | $18,441 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $379,286 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $230,531 |
| 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 | $1,260 |
| Fees for services: Accounting | $1,040 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,788 |
| Office expenses | $15,890 |
| Information technology | $221 |
| 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 | $207 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,140 |
| All other expenses | $8,312 |
| Total functional expenses | $287,691 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $221,522 |
| Savings and temporary cash investments | $451,231 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $318,284 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $991,037 |
| 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 | $428 |
| Total liabilities | $428 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $990,609 |
| Total liabilities and net assets/fund balances | $991,037 |
Grants Awarded
Over the last fiscal year, Dallas Margarita Society Inc has awarded $146,575 in support to 22 organizations.
| Grant Recipient | Amount |
|---|---|
ADAM'S ANIMALS PURPOSE: SUPPORT FOR DISADVANTAGED KIDS | $13,965 |
Dallas, TX PURPOSE: SUPPORT FOR DISADVANTAGED KIDS | $13,240 |
Dallas, TX PURPOSE: SUPPORT FOR DISADVANTAGED KIDS | $10,000 |
Coppell, TX PURPOSE: DISTRIBUTE TOYS TO DISADVANTAGED KIDS | $8,920 |
Desoto, TX PURPOSE: SUPPORT FOR DISADVANTAGED KIDS | $8,050 |
Dallas, TX PURPOSE: SUPPORT FOR DISADVANTAGED KIDS | $7,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Dallas Margarita Society Inc has recieved totaling $1,125.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $625 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Austin Police Operation Blue Santa Austin, TX | $480,325 | $1,395,382 |
Clayton Dabney Foundation For Kids With Cancer Dallas, TX | $1,108,391 | $1,238,762 |
Park Foundation Inc Little Rock, AR | $19,400,497 | $2,279,307 |
Azle Caring Center Azle, TX | $1,793,064 | $2,065,618 |
B I G Love Cancer Care Services Lake Jackson, TX | $687,441 | $1,005,161 |
Star Telegram Charities Inc Fort Worth, TX | $1,700,491 | $991,633 |
The Marion & Robert Rosenthal Family Foundation New Orleans, LA | $2,205,879 | $668,435 |
Defenders Of Freedom Coppell, TX | $31,242 | $521,336 |
Operation Comfort San Antonio, TX | $327,931 | $321,797 |
Assistance League Of El Paso El Paso, TX | $2,008,528 | $358,521 |
Elf Louise Inc San Antonio, TX | $994,372 | $568,951 |
Neighbors In Action Inc Houston, TX | $1,628,299 | $548,872 |