United Way Foundation Of Metropolitan Dallas
- Assets
- $60.9m
- Revenue
- $5.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 03/2000
- Data as of
- 06/2021
- EIN
- 75-2834344
Organization Overview
United Way Foundation Of Metropolitan Dallas is located in Dallas, TX. The organization was established in 2000. According to its NTEE Classification (T30) the organization is classified as: Public 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. United Way Foundation Of 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 06/2021, United Way Foundation Of Metropolitan Dallas generated $5.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $3.4m during the year ending 06/2021. 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
THE FOUNDATION WAS FOUNDED EXCLUSIVELY FOR THE PURPOSE OF SUPPORTING (CONTINUED IN PART III)
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE YEAR ENDING JUNE 30, 2021, THE UNITED WAY FOUNDATION OF METROPOLITAN DALLAS (UWFMD) BOARD MADE A DISTRIBUTION TO THE UNITED WAY OF METROPOLITAN DALLAS, INC. (UWMD) OF $2,500,000, WHICH REPRESENTS THE HIGHER OF $2,500,000 OR 4.5% OF THE AVERAGE MARKET VALUE OF THE 12-QUARTER ROLLING AVERAGE BALANCE OR THE MOST RECENT QUARTER'S CLOSING MARKET VALUE, WHICHEVER IS LOWER, OF THE ENDOWMENT AT DECEMBER 31, 2020.
UWFMD RECEIVED FUNDS DESIGNATED TO AGENCIES DURING THE YEAR ENDING JUNE 30, 2021. THESE MONIES WERE GRANTED TO THE AGENCY AS REQUESTED BY THE DONOR.
UWFMD RECEIVED FUNDS DESIGNATED TO UWMD DURING THE YEAR ENDING JUNE 30, 2021. THESE MONIES WERE GRANTED TO UWMD AS REQUESTED BY THE DONOR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dave C Rader Secretary/treasurer | OfficerTrustee | 5 | $0 |
Terri West Board Chair | OfficerTrustee | 5 | $0 |
Jennifer Sampson President And CEO | Officer | 8 | $0 |
Susan Hoff Chief Impact/strategy Officer | Officer | 6 | $0 |
Janice Harissis Chief Financial Officer | Officer | 2 | $0 |
Millie Bradley At-Large Member | Trustee | 2 | $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 | $1,604,312 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,604,312 |
| Total Program Service Revenue | $0 |
| Investment income | $932,207 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,124,340 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,660,859 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,730,000 |
| 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 | $1,158 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $58,357 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $586,019 |
| All other expenses | $0 |
| Total functional expenses | $3,375,534 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $87,299 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,174,287 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $382,030 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $56,679,078 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,563,621 |
| Total assets | $60,886,315 |
| Accounts payable and accrued expenses | $2,709,274 |
| 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 | $2,709,274 |
| Net assets without donor restrictions | $29,376,943 |
| Net assets with donor restrictions | $28,800,098 |
| 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 | $60,886,315 |
Grants Awarded
Over the last fiscal year, United Way Foundation Of Metropolitan Dallas has awarded $2,730,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Dallas, TX PURPOSE: SUPPORT UWMD | $2,600,000 |
Dallas, TX PURPOSE: DONOR DESIGNATIONS | $130,000 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that United Way Foundation Of Metropolitan Dallas has recieved totaling $137,934.
| Awarding Organization | Amount |
|---|---|
Hirsch Family Foundation Dallas, TX PURPOSE: 2021 CONTRIBUTION | $100,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $16,834 |
Baldridge Foundation Addison, TX PURPOSE: SUPPORTING EDUCATION, INCOME AND HEATH IN THE DALLAS METROPOLITAN AREA | $10,000 |
The Mankoff Family Foundation Dallas, TX PURPOSE: GENERAL | $10,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $1,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $100 |
Endowment Analysis
| Beg. Balance | $43,865,673 |
| Earnings | $12,536,616 |
| Net Contributions | $1,376,636 |
| Other Expense | $3,206,594 |
| Ending Balance | $54,572,331 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lsu Health Sciences Foundation In Shreveport Shreveport, LA | $312,345,482 | $53,948,217 |
Amarillo Area Foundation Inc Amarillo, TX | $153,231,166 | $11,027,021 |
University Of North Texas Foundation Inc Denton, TX | $307,856,436 | $18,135,985 |
Soi Dog Houston, TX | $2,898,470 | $10,171,466 |
The Livestrong Foundation Austin, TX | $32,201,486 | $2,234,840 |
Adopt A Platoon San Benito, TX | $2,311,218 | $7,326,430 |
Emerge Center Inc Baton Rouge, LA | $1,893,812 | $1,088,912 |
Love Family Affiliated Fund Of The Oklahoma City Community Foundation Oklahoma City, OK | $15,024,266 | $3,226,115 |
Cnm Ingenuity Incoproration Albuquerque, NM | $23,986,328 | $5,524,320 |
Axia International Spring, TX | $1,284,457 | $5,701,769 |
Shelton Landmark Foundation Dallas, TX | $120,539,366 | $9,909,394 |
Carry The Load Dallas, TX | $2,418,969 | $4,944,762 |