North Texas Commission Foundation
- Assets
- $257.1k
- Revenue
- $193.1k
- Investments
- $0.0
- Employees
- 0
- Location
- DFW Airport, TX
- Founding
- 10/2001
- Data as of
- 09/2021
- EIN
- 75-2948710
Organization Overview
North Texas Commission Foundation is located in DFW Airport, TX. The organization was established in 2001. According to its NTEE Classification (S05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Texas Commission Foundation 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 09/2021, North Texas Commission Foundation generated $193.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $182.9k during the year ending 09/2021. While expenses have increased by 2.1% per year over the past 6 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
THE FOUNDATION PROVIDES LEADERSHIP DEVELOPMENT, TRAINING, PROGRAMMING ON IMPORTANT REGION ISSUES AND SERVES AS A RESOURCE FOR INFORMATION AND DATA FOR ECONOMIC DEVELOPMENT PURPOSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN GENERAL, WHAT EFFECT WILL THE CHANGING DEMOGRAPHICS AND POPULATION INCREASE HAVE ON EDUCATION IN THE DFW AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris E Wallace President & CEO | Officer | 10 | $0 |
Directors | Trustee | 0 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $193,131 |
| Investment income | $0 |
| 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 | $193,131 |
| 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. | $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 | $0 |
| Fees for services: Accounting | $4,875 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| 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 | $461 |
| All other expenses | $177,597 |
| Total functional expenses | $182,933 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $248,560 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,500 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $257,060 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $89,311 |
| 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 | $2,491 |
| Other liabilities | $0 |
| Total liabilities | $91,802 |
| 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 | $165,258 |
| Total liabilities and net assets/fund balances | $257,060 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that North Texas Commission Foundation has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Neo Philanthropy Inc New York, NY PURPOSE: Program Grant | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Heartland Forward Bentonville, AR | $3,100,602 | $9,900,502 |
Arkansas Research Alliance Conway, AR | $2,528,169 | $2,522,456 |
Real Estate Council Inc Dallas, TX | $1,409,391 | $1,647,020 |
The Foundation For Research On Equal Opportunity Austin, TX | $624,869 | $1,480,083 |
Operator Foundation Austin, TX | $143,524 | $731,650 |
Ngage New Mexico Las Cruces, NM | $337,413 | $839,756 |
Research & Development Associates Inc San Antonio, TX | $276,530 | $508,511 |
Action Plan Oklahoma Inc Oklahoma City, OK | $198,785 | $400,000 |
Institute For Economic Empowerment Of Women Oklahoma City, OK | $149,356 | $182,626 |
North Texas Commission Foundation DFW Airport, TX | $257,060 | $193,131 |
Hrec Inc Houston, TX | $91,820 | $87,000 |
Austin Investigative Reporting Project Austin, TX | $18,450 | $0 |