Dallas Foundation A Tx Nonprofit Corporation
- Assets
- $394.2m
- Revenue
- $149.7m
- Investments
- $313.6m
- Employees
- 31
- Location
- Dallas, TX
- Founding
- 09/2000
- Data as of
- 12/2022
- EIN
- 75-2890371
Organization Overview
Dallas Foundation A Tx Nonprofit Corporation is located in Dallas, TX. The organization was established in 2000. 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. As of 12/2022, Dallas Foundation A TX Nonprofit Corporation employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dallas Foundation A TX Nonprofit Corporation 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 12/2022, Dallas Foundation A TX Nonprofit Corporation generated $149.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.2% each year. All expenses for the organization totaled $97.9m during the year ending 12/2022. While expenses have increased by 7.0% per year over the past 8 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 2014, Dallas Foundation A TX Nonprofit Corporation has awarded 5,525 individual grants totaling $507,811,107. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
DALLAS FOUNDATION BRINGS TOGETHER PEOPLE, IDEAS AND INVESTMENTS IN GREATER DALLAS SO INDIVIDUALS AND FAMILIES CAN REACH THEIR FULL POTENTIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE DALLAS FOUNDATION STEWARDS PHILANTHROPIC RESOURCES IN PARTNERSHIP WITH OUR DONOR PARTNERS AND FOCUSES ON IMPACT BY INVESTING IN OUR COMMUNITY'S GREATEST NEEDS.THE FOUNDATION HAS A PROVEN TRACK RECORD OF INVESTING IN TRANSFORMATIONAL SOLUTIONS AND HAS ADOPTED THE FOLLOWING STRATEGIC PRIORITIES: ENSURING A STRONG AND HEALTHY START IN LIFE; RACIAL EQUITY; FAMILY HOMELESSNESS; AND CHILD AND YOUTH MENTAL HEALTH.THE FOUNDATION SERVES AS A RESOURCE TO NORTH TEXAS' NONPROFIT COMMUNITY, BUILDING THE SECTOR'S CAPACITY AND SUSTAINABILITY, AND, AS A FISCAL SPONSOR, HOSTS SEVERAL ORGANIZATIONS AND NASCENT INITIATIVES IN NEED OF FUND MANAGEMENT.IN 2021, THE DALLAS FOUNDATION COMMITTED MORE THAN $76 MILLION IN FUNDING TO CHARITABLE CAUSES IN THE COMMUNITY, TOWARD ISSUES THAT IMPROVE LIVES AND MAKE VISIBLE PROGRESS THROUGHOUT NORTH TEXAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amber Scanlan Board Member | Trustee | 2 | $0 |
Bobby Bisor Board Member | Trustee | 1 | $0 |
Catherine Rose Board Member | Trustee | 2 | $0 |
Chris Luna Board Member | Trustee | 2 | $0 |
Elizabeth Phillips Board Member | Trustee | 1 | $0 |
Jaimee Eddington Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Michael Van Valkenburgh Associates Inc See Schedule O | 12/30/22 | $1,669,151 |
Villicus Holdings Llc See Schedule O | 12/30/22 | $323,600 |
Octagon Inc See Schedule O | 12/30/22 | $225,619 |
The Mcintosh Company Inc See Schedule O | 12/30/22 | $211,910 |
Kimberly Manns Nia Consulting Llc See Schedule O | 12/30/22 | $200,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,213,279 |
| Related organizations | $9,783,357 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $126,513,416 |
| Noncash contributions included in lines 1a–1f | $48,978,866 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $137,510,052 |
| Total Program Service Revenue | $0 |
| Investment income | $6,052,645 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $636,625 |
| Net Rental Income | $150,000 |
| Net Gain/Loss on Asset Sales | $6,149,512 |
| Net Income from Fundraising Events | -$826,669 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $149,681,480 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $67,640,642 |
| Grants and other assistance to domestic individuals. | $2,164,904 |
| Grants and other assistance to Foreign Orgs/Individuals | $10,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,374,066 |
| Compensation of current officers, directors, key employees. | $728,255 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,258,629 |
| Pension plan accruals and contributions | $121,096 |
| Other employee benefits | $318,863 |
| Payroll taxes | $237,781 |
| Fees for services: Management | $950,286 |
| Fees for services: Legal | $239,262 |
| Fees for services: Accounting | $8,647,306 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $185,000 |
| Fees for services: Investment Management | $904,707 |
| Fees for services: Other | $5,462,021 |
| Advertising and promotion | $50,965 |
| Office expenses | $616,157 |
| Information technology | $241,473 |
| Royalties | $0 |
| Occupancy | $538,891 |
| Travel | $157,476 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $100,013 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $63,858 |
| Insurance | $57,373 |
| All other expenses | $43,700 |
| Total functional expenses | $97,933,717 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,025,908 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $7,879,130 |
| 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 | $483,945 |
| Net Land, buildings, and equipment | $1,659,377 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $313,649,515 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $47,529,064 |
| Total assets | $394,226,939 |
| Accounts payable and accrued expenses | $1,751,470 |
| Grants payable | $11,437,956 |
| 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 | $19,764,158 |
| Total liabilities | $32,953,584 |
| Net assets without donor restrictions | $292,523,235 |
| Net assets with donor restrictions | $68,750,120 |
| 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 | $394,226,939 |
Grants Awarded
Over the last fiscal year, Dallas Foundation A Tx Nonprofit Corporation has awarded $66,570,291 in support to 736 organizations.
| Grant Recipient | Amount |
|---|---|
2022 INDIANAPOLIS HOST COMMITTEE PURPOSE: GENERAL SUPPORT | $208,000 |
4WORD WOMEN PURPOSE: GENERAL SUPPORT | $35,000 |
6 STONES MISSION NETWORK PURPOSE: GENERAL SUPPORT | $10,000 |
716 FOUNDATION INC PURPOSE: GENERAL SUPPORT | $100,000 |
ABIDE WOMEN'S HEALTH SERVICES PURPOSE: GENERAL SUPPORT | $9,000 |
ABUNDANT LIFE MISSIONS PURPOSE: GENERAL SUPPORT | $20,358 |