Dallas County Community College District Foundation Inc
- Assets
- $68.1m
- Revenue
- $10.3m
- Investments
- $4.6m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 11/1973
- Data as of
- 08/2022
- EIN
- 23-7326612
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.
Form
990
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) | Role | Hours | Compensation |
|---|---|---|---|
Joshua Skolnick Executive Director | Officer | 40 | $114,962 |
Terence Mcdaniel Director Of Finance | Officer | 40 | $43,878 |
Clint Mcdonnough Chairman - Elect | OfficerTrustee | 1 | $0 |
Brian Olson Secretary | OfficerTrustee | 1 | $0 |
Scott Letier Treasurer | OfficerTrustee | 1 | $0 |
Lynn Mcbee Officer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Commit Creation Of Workforce Development Plan | 8/30/21 | $260,000 |
Commit2dallas Consulting | 8/30/21 | $260,000 |
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 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,638,169 |
| 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 | $2,520 |
| Fees for services: Accounting | $19,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $439,763 |
| Advertising and promotion | $14,271 |
| Office expenses | $4,996 |
| Information technology | $149,650 |
| 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 | $5,265 |
| All other expenses | $0 |
| Total functional expenses | $5,365,103 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,781,683 |
| Savings and temporary cash investments | $6,157,444 |
| Pledges and grants receivable | $1,130,943 |
| 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 | $53,990,317 |
| Investments—other securities | $4,644,411 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $382,219 |
| Total assets | $68,087,017 |
| Accounts payable and accrued expenses | $73,200 |
| Grants payable | $85,983 |
| 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 | $159,183 |
| Net assets without donor restrictions | $3,009,936 |
| Net assets with donor restrictions | $64,917,898 |
| 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 | $68,087,017 |
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 Organization | Amount |
|---|---|
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 |
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 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bacone Baptist Church Muskogee, OK | $8,262,001 | $7,873,102 |
Tulsa Community College Foundation Tulsa, OK | $22,351,433 | $4,013,088 |
Shorter College North Little Rock, AR | $8,338,765 | $8,311,177 |
Dallas County Community College District Foundation Inc Dallas, TX | $68,087,017 | $10,311,935 |
Jacksonville College Jacksonville, TX | $5,355,399 | $5,417,972 |
Crowleys Ridge College Paragould, AR | $5,358,943 | $3,865,992 |
North Harris Montgomery Community College District Foundation The Woodlands, TX | $39,494,296 | $6,076,044 |
Southwestern Christian College Terrell, TX | $4,746,786 | $3,502,099 |
Northwest Arkansas Community College Foundation Inc Bentonville, AR | $44,091,991 | $5,872,868 |
Collin County Community College District Foundation Mckinney, TX | $19,576,624 | $3,346,139 |
Arkansas Community Colleges Foundation Little Rock, AR | $1,653,213 | $1,652,722 |
Seminole State College Educational Foundation Inc Seminole, OK | $13,840,348 | $1,498,225 |