Dallas County Community College District Foundation Inc

Organization Overview

Dallas County Community College District Foundation Inc is located in Dallas, TX. The organization was established in 1973. According to its NTEE Classification (B41) the organization is classified as: Two-Year Colleges, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dallas County Community College District Foundation Inc 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 08/2022, Dallas County Community College District Foundation Inc generated $10.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.6% each year . All expenses for the organization totaled $5.4m during the year ending 08/2022. While expenses have increased by 8.9% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

DALLAS COLLEGE FOUNDATION ENHANCES THE LEVEL OF ACHIEVEMENT AND EXCELLENCE OF DALLAS COLLEGE BY PROVIDING SCHOLARSHIPS, SUPPORTING THE DEVELOPMENT OF FACULTY AND STAFF AND SUPPORTING INNOVATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION MAINTAINS FUNDS DESIGNATED FOR USE BY DALLAS COLLEGE FACULTY AND STAFF FOR PROFESSIONAL DEVELOPMENT OPPORTUNITIES, PROGRAM SUPPORT AND INNOVATION. APPROXIMATELY 5,300 DALLAS COLLEGE FACULTY AND STAFF BENEFITED FROM THE USE OF THESE FUNDS.


THE FOUNDATION OFFERS SCHOLARSHIP OPPORTUNITIES ANNUALLY TO STUDENTS AT DALLAS COLLEGE. SCHOLARSHIP AWARDS ARE BASED ON ACADEMIC EXCELLENCE, ACHIEVEMENT, LEADERSHIP, GOALS AND/OR OTHER FACTORS. APPROXIMATELY 4,772 STUDENTS RECEIVED FINANCIAL SUPPORT THROUGH SCHOLARSHIPS AND SCHOLARSHIP INITIATIVES.


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Board, Officers & Key Employees

Name (title)Compensation
Joshua Skolnick
Executive Director
$114,962
Terence Mcdaniel
Director Of Finance
$43,878
Clint Mcdonnough
Chairman - Elect
$0
Debbie Taylor
Chairman
$0
Hunter L Hunt
Immediate Past Chair
$0
Brian Olson
Secretary
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Commit2dallas
Consulting
$260,000
Commit
Creation Of Workforce Development Plan
$260,000
View All Vendors

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$5,764,561
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$5,764,561
Total Program Service Revenue$0
Investment income $3,076,407
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $1,470,967
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $10,311,935

Grants Recieved

Over the last fiscal year, we have identified 22 grants that Dallas County Community College District Foundation Inc has recieved totaling $3,150,606.

Awarding OrganizationAmount
Bill & Melinda Gates Foundation

Seattle, WA

PURPOSE: K-12 EDUCATION

$835,256
Bill & Melinda Gates Foundation

Seattle, WA

PURPOSE: K-12 EDUCATION

$650,000
Pepsico Foundation Inc

Purchase, NY

PURPOSE: SCHOLARSHIP PROGRAM

$600,000
Jp Morgan Chase Foundation

New York, NY

PURPOSE: IN SUPPORT OF CREATING ECONOMIC MOBILITY AND CAREER PATHWAYS

$200,000
Morgridge Family Foundation

Wilmington, DE

PURPOSE: SUPPORT THE DESIGN AND DEVELOPMENT OF STUDENT FACING APP THAT WILL HELP ENSURE ACADEMIC SUCCESS AND GRADUATION/COMPLETION OF A DEGREE

$140,855
Houston Endowment Inc

Houston, TX

PURPOSE: IN SUPPORT OF THE CHARITABLE ACTIVITIES OF DALLAS COLLEGE FOUNDATION'S SPONSORED PROJECT, CENTER FOR TRANSFORMING ALTERNATIVE PREPARATION PATHWAYS AT DALLAS COLLEGE, AND TO LAUNCH A FELLOWSHIP FOR HARRIS COUNTY DEPARTMENT OF EDUCATION'S ACP

$100,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$52,785,865
Earnings$2,045,651
Net Contributions$361,119
Other Expense$1,478,750
Grants$100,281
Ending Balance$53,613,598

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