Dallas Foundation A Tx Nonprofit Corporation
- Assets
- $387.4m
- Revenue
- $137.3m
- Investments
- $270.8m
- Employees
- 35
- Location
- Dallas, TX
- Founding
- 09/2000
- Data as of
- 12/2021
- EIN
- 75-2890371
Organization Overview
Dallas Foundation A Tx Nonprofit Corporation is located in Dallas, TX. The organization was established in 2000. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Dallas Foundation A TX Nonprofit Corporation employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dallas Foundation A TX Nonprofit Corporation 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 12/2021, Dallas Foundation A TX Nonprofit Corporation generated $137.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $93.0m during the year ending 12/2021. While expenses have increased by 7.2% 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.
Since 2014, Dallas Foundation A TX Nonprofit Corporation has awarded 4,789 individual grants totaling $441,240,816. 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
DALLAS FOUNDATION BRINGS TOGETHER PEOPLE, IDEAS AND INVESTMENTS IN GREATER DALLAS SO INDIVIDUALS AND FAMILIES CAN REACH THEIR FULL POTENTIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE DALLAS FOUNDATION STEWARDS PHILANTHROPIC RESOURCES IN PARTNERSHIP WITH OUR DONOR PARTNERS AND FOCUSES ON IMPACT BY INVESTING IN OUR COMMUNITY'S GREATEST NEEDS.THE FOUNDATION HAS A PROVEN TRACK RECORD OF INVESTING IN TRANSFORMATIONAL SOLUTIONS AND HAS ADOPTED THE FOLLOWING STRATEGIC PRIORITIES: ENSURING A STRONG AND HEALTHY START IN LIFE; RACIAL EQUITY; FAMILY HOMELESSNESS; AND CHILD AND YOUTH MENTAL HEALTH.THE FOUNDATION SERVES AS A RESOURCE TO NORTH TEXAS' NONPROFIT COMMUNITY, BUILDING THE SECTOR'S CAPACITY AND SUSTAINABILITY, AND, AS A FISCAL SPONSOR, HOSTS SEVERAL ORGANIZATIONS AND NASCENT INITIATIVES IN NEED OF FUND MANAGEMENT.IN 2021, THE DALLAS FOUNDATION COMMITTED MORE THAN $76 MILLION IN FUNDING TO CHARITABLE CAUSES IN THE COMMUNITY, TOWARD ISSUES THAT IMPROVE LIVES AND MAKE VISIBLE PROGRESS THROUGHOUT NORTH TEXAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Randazzo President/ceo | Officer | 40 | $452,464 |
Julie Diaz Vp, Philanthropic Partners | Officer | 40 | $264,742 |
Torrey Littleton VP Of Finance | Officer | 40 | $162,039 |
Gary Garcia Sr Director, Philanthropic | 40 | $156,239 | |
Kim Montez Dir Of Gift Planning & Fam | 40 | $134,306 | |
Kezia Stegemoeller Senior Director Of Donor Engagement | 40 | $132,583 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hks Inc Design And Engineering Services | 12/30/21 | $829,556 |
The Boston Consulting Group Inc Consulting Services | 12/30/21 | $550,000 |
Sunwest Communications Inc Marketing Services | 12/30/21 | $223,425 |
April Crosse Consulting Services | 12/30/21 | $219,165 |
Michael Van Valkenburgh Associates Inc Consulting Services | 12/30/21 | $1,669,151 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,129,835 |
| Related organizations | $8,732,593 |
| Government grants | $390,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $105,040,623 |
| Noncash contributions included in lines 1a–1f | $45,199,477 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $115,293,051 |
| Total Program Service Revenue | $0 |
| Investment income | $4,619,489 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $590,095 |
| Net Rental Income | $150,000 |
| Net Gain/Loss on Asset Sales | $16,370,545 |
| Net Income from Fundraising Events | -$656,721 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $137,312,103 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $76,320,514 |
| Grants and other assistance to domestic individuals. | $161,228 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,198,211 |
| Compensation of current officers, directors, key employees. | $670,998 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,431,391 |
| Pension plan accruals and contributions | $57,132 |
| Other employee benefits | $202,121 |
| Payroll taxes | $213,673 |
| Fees for services: Management | $884,904 |
| Fees for services: Legal | $315,783 |
| Fees for services: Accounting | $290,365 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $348,521 |
| Fees for services: Other | $6,583,322 |
| Advertising and promotion | $229,358 |
| Office expenses | $979,547 |
| Information technology | $123,037 |
| Royalties | $0 |
| Occupancy | $420,347 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $159,744 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $66,691 |
| Insurance | $41,755 |
| All other expenses | $926,933 |
| Total functional expenses | $92,954,577 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,625,607 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $15,264,065 |
| 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 | $9,240,414 |
| Net Land, buildings, and equipment | $1,301,664 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $270,781,955 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $50,182,174 |
| Total assets | $387,395,879 |
| Accounts payable and accrued expenses | $1,520,862 |
| Grants payable | $8,451,965 |
| 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 | $19,066,871 |
| Total liabilities | $29,039,698 |
| Net assets without donor restrictions | $265,136,183 |
| Net assets with donor restrictions | $93,219,998 |
| 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 | $387,395,879 |
Grants Awarded
Over the last fiscal year, Dallas Foundation A Tx Nonprofit Corporation has awarded $74,554,241 in support to 771 organizations.
| Grant Recipient | Amount |
|---|---|
Lubbock, TX PURPOSE: GENERAL SUPPORT | $5,595,096 |
HOBBS MUNICIPAL SCHOOLS PURPOSE: GENERAL SUPPORT | $5,000,000 |
Odessa, TX PURPOSE: GENERAL SUPPORT | $4,000,000 |
Dallas, TX PURPOSE: GENERAL SUPPORT | $2,440,000 |
San Angelo, TX PURPOSE: GENERAL SUPPORT | $1,973,392 |
Washington, DC PURPOSE: GENERAL SUPPORT | $1,884,243 |
Grants Recieved
Over the last fiscal year, we have identified 22 grants that Dallas Foundation A Tx Nonprofit Corporation has recieved totaling $7,905,873.
| Awarding Organization | Amount |
|---|---|
Communities Foundation Of Texas Dallas, TX PURPOSE: THIS GRANT IS DESIGNATED FOR SOUTHERN GATEWAY PUBLIC GREEN FOUNDATION FOR SOUTHERN GATEWAY PARK AND FOR GENERAL SUPPORT | $4,940,919 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $743,563 |
The Blackbaud Giving Fund Charleston, SC PURPOSE: GENERAL SUPPORT | $743,563 |
Communities Foundation Of Texas Dallas, TX PURPOSE: THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT. | $354,000 |
Kresge Foundation Troy, MI PURPOSE: TO STRENGTHEN TEXAS COMMUNITIES ABILITY TO WORK ACROSS SECTORS (PUBLIC, PRIVATE, NONPROFIT) TO STRENGTHEN RESIDENTS ECONOMIC MOBILITY AND RESILIENCE. | $250,000 |
Sempra Energy Foundation San Diego, CA PURPOSE: LOCAL/ COMMUNITY SUPPORT | $200,000 |
Endowment Analysis
| Beg. Balance | $153,297,689 |
| Earnings | $15,498,700 |
| Admin Expense | $1,628,955 |
| Net Contributions | $5,658,714 |
| Grants | $7,750,636 |
| Ending Balance | $165,075,512 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Communities Foundation Of Texas Dallas, TX | $891,470,306 | $274,423,452 |
Greater Houston Community Foundation Houston, TX | $1,277,788,508 | $567,166,923 |
Tulsa Community Foundation Tulsa, OK | $812,010,286 | $307,738,379 |
Northeast Arkansas Clinic Char Foundation Inc Jonesboro, AR | $30,841,351 | $111,453,747 |
Dallas Foundation A Tx Nonprofit Corporation Dallas, TX | $387,395,879 | $137,312,103 |
Austin Community Foundation Austin, TX | $433,764,301 | $88,798,773 |
San Antonio Area Foundation San Antonio, TX | $587,345,748 | $192,937,536 |
The Greater New Orleans Foundation New Orleans, LA | $406,748,750 | $50,799,913 |
Arkansas Community Foundation Inc Little Rock, AR | $560,797,819 | $112,679,416 |
Oklahoma City Community Foundation Inc Oklahoma City, OK | $855,000,248 | $159,496,642 |
Community Foundation Of North Texas Fort Worth, TX | $520,525,998 | $72,575,782 |
Baton Rouge Area Foundation Baton Rouge, LA | $293,247,071 | $35,030,558 |