Dallas Seminary Foundation
- Assets
- $76.2m
- Revenue
- $8.0m
- Investments
- $10.2m
- Employees
- 6
- Location
- Dallas, TX
- Founding
- 04/1988
- Data as of
- 06/2021
- EIN
- 75-2188543
Organization Overview
Dallas Seminary Foundation is located in Dallas, TX. The organization was established in 1988. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. As of 06/2022, Dallas Seminary Foundation employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dallas Seminary 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 06/2021, Dallas Seminary Foundation generated $8.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.3%) each year. All expenses for the organization totaled $11.2m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Dallas Seminary Foundation has awarded 590 individual grants totaling $70,240,538. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE MISSION OF DALLAS THEOLOGICAL SEMINARY BY OFFERING CHARITABLE PLANNED GIVING AND OTHER RELATED SERVICES TO FRIENDS OF THE SEMINARY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED ADMINISTRATION OF FUNDS GIVEN PRIMARILY FOR THE SUPPORT OF DALLAS THEOLOGICAL SEMINARY AND MINISTRIES SERVED BY ITS ALUMNI. THESE INCLUDE DONOR ADVISED FUNDS MAKING GRANTS TO DALLAS THEOLOGICAL SEMINARY AND MINISTRIES SERVED BY ITS ALUMNI, CHARITABLE TRUSTS, GIFT ANNUITIES, SCHOLARSHIPS AND DESIGNATED GRANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Talbot Executive Director | OfficerTrustee | 40 | $139,122 |
Kathryn Robertson Treasurer | OfficerTrustee | 40 | $55,125 |
Dale Larson Secretary Part-Year | OfficerTrustee | 1 | $0 |
David Tarrant Secretary Part-Year | OfficerTrustee | 1 | $0 |
Dale Hortenstine Director | Trustee | 1 | $0 |
James Stroud Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,995,062 |
| Investment income | $493,420 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$24,323 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,000,736 |
| Statement of Expenses | |
|---|---|
| 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. | $266,447 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $173,882 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $32,435 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $291,686 |
| Fees for services: Other | $132,642 |
| Advertising and promotion | $12,059 |
| Office expenses | $8,591 |
| Information technology | $11,339 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,037 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $400 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $11,207,292 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,800,582 |
| Pledges and grants receivable | $0 |
| 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 | $566,633 |
| Investments—publicly traded securities | $60,432,634 |
| Investments—other securities | $10,244,310 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $76,216,359 |
| Accounts payable and accrued expenses | $6,518 |
| Grants payable | $0 |
| 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 | $31,519,325 |
| Total liabilities | $31,525,843 |
| 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 |
| Total liabilities and net assets/fund balances | $44,690,516 |
Grants Awarded
Over the last fiscal year, Dallas Seminary Foundation has awarded $12,217,758 in support to 88 organizations.
| Grant Recipient | Amount |
|---|---|
Dallas, TX PURPOSE: General Support | $9,896,306 |
Orlando, FL PURPOSE: General Support | $103,893 |
Indianapolis, IN PURPOSE: General Support | $100,000 |
Carrollton, TX PURPOSE: General Support | $100,000 |
Bedford, TX PURPOSE: General support | $100,000 |
Granbury, TX PURPOSE: General Support | $100,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Dallas Seminary Foundation has recieved totaling $202,500.
| Awarding Organization | Amount |
|---|---|
The Jay And Linda Sedwick Foundation Butler, PA PURPOSE: GENERAL SUPPORT | $150,000 |
Lewis J & Wanda S Wilson Hesed Fdn Fredericksburg, TX PURPOSE: SUPPORT AND ENDOWMENT | $40,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $12,500 |
Endowment Analysis
| Beg. Balance | $65,520,168 |
| Earnings | -$7,017,870 |
| Admin Expense | $312,832 |
| Net Contributions | $6,676,778 |
| Other Expense | $271,816 |
| Grants | $2,569,110 |
| Ending Balance | $62,025,318 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of New Mexico Foundation Incorporated Albuquerque, NM | $270,142,035 | $53,815,950 |
University Of Texas Foundation Austin, TX | $88,879,484 | $47,692,096 |
L S U Foundation Baton Rouge, LA | $804,249,383 | $72,730,367 |
Southeastern Louisiana Area Health Education Center Natalbany, LA | $8,364,528 | $32,019,241 |
University Of Arkansas Fayetteville Campus Foundation Inc Fayetteville, AR | $748,157,500 | $15,686,060 |
Razorback Foundation Inc Fayetteville, AR | $72,537,377 | $26,130,749 |
The Center For Collaborative Research Inc Houston, TX | $142,938,649 | $16,860,442 |
Mccombs School Of Business Foundation Austin, TX | $43,764,563 | $20,383,837 |
University Of Louisiana At Lafayette Foundation Lafayette, LA | $292,703,277 | $46,235,918 |
Louisiana Tech University Foundation Inc Ruston, LA | $117,962,998 | $18,845,072 |
New Mexico State University Foundation Inc Las Cruces, NM | $355,498,587 | $111,307,691 |
America Can Cars For Kids Dallas, TX | $4,240,577 | $12,374,341 |