Salesmanship Club Foundation
- Assets
- $158.4m
- Revenue
- $4.2m
- Investments
- $625.0k
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 10/1992
- Data as of
- 10/2020
- EIN
- 75-2439715
Organization Overview
Salesmanship Club Foundation is located in Dallas, TX. The organization was established in 1992. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, 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. Salesmanship Club 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 10/2020, Salesmanship Club Foundation generated $4.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (10.5%) each year. All expenses for the organization totaled $5.9m during the year ending 10/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT MOMENTOUS INSTITUTE AND THE SALESMANSHIP CLUB OF DALLAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IS ORGANIZED AND OPERATED TO SUPPORT THE CHARITABLE AND EDUCATIONAL UNDERTAKINGS OF MOMENTOUS INSTITUE AND SALESMANSHIP CLUB OF DALLAS TO RECEIVE, HOLD, MANAGE, CONVEY AND DISPOSE OF PROPERTY AND INVEST FUNDS DONATED OR OTHERWISE ACQUIRED. MOMENTOUS INSTITUTE EXISTS TO BUILD AND REPAIR SOCIAL EMOTIONAL HEALTH WITH CHILDREN, FAMILIES AND COMMUNTIIES. EACH YEAR, THE ORGANIZATION PARTNERS WITH OVER 5,500 CHILDREN AND FAMILY MEMBERS THROUGH INNOVATIVE EDUCATION AND THERAPEUTIC SERVICES. MOMENTOUS INSTITUTE OFFERS A RANGE OF THERAPEUTIC SERVICES, INCLUDING INDIVIDUAL, FAMILY AND GROUP THERAPIES, AND PARENT EDUCATION. USING A STRENGTH-BASED APPROACH, CHILDREN AND FAMILIES ARE ABLE TO WALK THROUGH TRAUMA, CONFLICT AND OTHER CHALLENGES. MOMENTOUS SCHOOL PROVIDES PRE-KINDERGARTEN AGE 3 THROUGH FIFTH GRADE EDUCATION TO STUDENTS WHO QUALIFY FOR A FREE OR REDUCED LUNCH. MOMENTOUS SCHOOL USES A STRENGTH-BASED APPROACH TO WEAVE EXPERIENCES IN SOCIAL EMOTIONAL HEALTH WITH A RICH CURRICULUM. THE ORGANIZATION ALSO INVESTS IN RESEARCH AND TRANING, INCLUDING THE ANNUAL CHANGING THE ODDS CONFERENCE, TO REACH FAR MORE CHILDREN THAN COULD EVER BE SEEN DIRECTLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Controller | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $58,299 |
| Investment income | $2,774,362 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $24,877 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,381,945 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,239,483 |
| 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. | $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 | $26,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $563,319 |
| 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 | $30,074 |
| All other expenses | $0 |
| Total functional expenses | $5,895,827 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,424,779 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $150,926,447 |
| Investments—other securities | $625,012 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $381,769 |
| Total assets | $158,358,007 |
| Accounts payable and accrued expenses | $51,875 |
| 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 | $0 |
| Total liabilities | $51,875 |
| 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 | $158,306,132 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Salesmanship Club Foundation has recieved totaling $11,500.
| Awarding Organization | Amount |
|---|---|
Thompson & Knight Foundation Dallas, TX PURPOSE: Charitable Contribution | $11,500 |
Endowment Analysis
| Beg. Balance | $148,342,769 |
| Earnings | $15,237,572 |
| Admin Expense | $269,398 |
| Net Contributions | $58,299 |
| Other Expense | $5,063,110 |
| Ending Balance | $158,306,132 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wi-Fi Alliance Austin, TX | $27,634,772 | $19,782,142 |
Greater Houston Partnership Inc Houston, TX | $22,962,720 | $19,728,312 |
Bbb Serving The Heart Of Texas Austin, TX | $13,203,011 | $18,551,696 |
Visit San Antonio San Antonio, TX | $11,429,570 | $19,048,365 |
Clean Gulf Associates Inc New Orleans, LA | $10,070,698 | $12,457,251 |
Meeting Professionals International Dallas, TX | $6,166,822 | $11,031,821 |
Dallas Regional Chamber Dallas, TX | $15,269,996 | $9,505,789 |
Brazos Pilots Association Freeport, TX | $5,263,034 | $10,473,577 |
American Agape Foundation Inc San Antonio, TX | $56,717,465 | $7,832,495 |
Salesmanship Club Of Dallas Dallas, TX | $14,081,869 | $8,485,267 |
United Brotherhood Of Carpenters And Joiners Of America Metairie, LA | $27,400,853 | $8,587,017 |
Texas Oil And Gas Association Inc Austin, TX | $10,912,231 | $6,947,737 |