North Texas Military Foundation
- Assets
- $248.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 12/2009
- Data as of
- 06/2024
- EIN
- 26-4163324
Organization Overview
North Texas Military Foundation is located in Dallas, TX. The organization was established in 2009. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. North Texas Military 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 06/2024, North Texas Military Foundation generated $1.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (61.3%) each year. All expenses for the organization totaled $14.5k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
SPONSORING AND ORGANIZING ANNUAL MILITARY GALA EVENTS TO BRING TOGETHER CITIZENS AND CORPORATIONS TO RECOGNIZE OUR MILITARY COMMUNITY. NET FUNDS GO TO RECOGNIZED VETERANS RELIEF ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Silver President | 1 | $0 | |
Marco Marin Treasurer | 1 | $0 | |
Kim Guedry Director | 1 | $0 | |
Phil Rinaldo Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $1,767 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $1,767 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $2,430 |
| Occupancy, rent, utilities, and maintenance | $2,142 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $8,878 |
| Total expenses | $14,450 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $241,289 |
| Other assets | $0 |
| Total assets | $248,059 |
| Total liabilities | $124 |
| Net assets or fund balances | $247,935 |
Grants Awarded
Over the last fiscal year, North Texas Military Foundation has awarded $66,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
AIR POWER FOUNDATION PURPOSE: Military Aid Donation | $5,000 |
NAVY-MARINE CORPS RELIEF PURPOSE: Military Aid Donation | $16,800 |
AIR FORCE AID SOCIETY PURPOSE: Military Aid Donation | $12,100 |
COAST GUARD MUTUAL RELIEF PURPOSE: Military Aid Donation | $5,000 |
ARMY EMERGENCY RELIEF PURPOSE: Military Aid Donation | $26,100 |
DALLAS VETERANS FOUNDATION PURPOSE: Military Aid Donation | $500 |