Foundation For The Center For Transforming Lives
- Assets
- $24.9m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Worth, TX
- Founding
- 12/2001
- Data as of
- 08/2021
- EIN
- 75-2920875
Organization Overview
Foundation For The Center For Transforming Lives is located in Fort Worth, TX. The organization was established in 2001. According to its NTEE Classification (P27) the organization is classified as: Young Mens or Womens Associations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation For The Center For Transforming Lives 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 08/2021, Foundation For The Center For Transforming Lives generated $3.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $1.7m during the year ending 08/2021. While expenses have increased by 6.0% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION IS ORGANIZED TO HOLD, MANAGE, SOLICIT, RECEIVE, ADMINISTER AND INVEST ASSETS FOR THE EXCLUSIVE BENEFIT AND SUPPORT OF THE CENTER FOR TRANSFORMING LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT OF THE CENTER FOR TRANSFORMING LIVES - IN ACCORDANCE WITH ITS MISSION TO HOLD, MANAGE AND INVEST ASSETS FOR THE BENEFIT AND SUPPORT OF THE CENTER FOR TRANSFORMING LIVES, THE FOUNDATION FOR THE CENTER FOR TRANSFORMING LIVES PROVIDED CONTRIBUTIONS TO THE CENTER FOR TRANSFORMING LIVES, WHICH USED THAT FUNDING IN ITS MISSION TO TRANSFORM THE LIVES OF WOMEN AND CHILDREN IN POVERTY. PROGRAMS INCLUDE HOUSING SERVICES, EARLY CHILDHOOD EDUCATION, ECONOMIC MOBILITY SERVICES, AND CLINICAL COUNSELING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Paladini President | OfficerTrustee | 1 | $0 |
Leann Behrens Member-At-Large | OfficerTrustee | 1 | $0 |
Carol Klocek CEO | Officer | 2 | $0 |
Jason Richardson CFO | Officer | 2 | $0 |
Maxwell Lea Director | Trustee | 1 | $0 |
Porter Pursley Director | Trustee | 1 | $0 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $446,782 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,812,417 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $136,568 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,395,767 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,383,358 |
| 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 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $100,053 |
| Fees for services: Other | $10,388 |
| 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 | $0 |
| All other expenses | $237,519 |
| Total functional expenses | $1,731,318 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,469,162 |
| 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 | $2,801 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $23,063,788 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $319,000 |
| Total assets | $24,854,751 |
| Accounts payable and accrued expenses | $0 |
| 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 | $26,781 |
| Total liabilities | $26,781 |
| Net assets without donor restrictions | $23,615,896 |
| Net assets with donor restrictions | $1,212,074 |
| 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 | $24,854,751 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Foundation For The Center For Transforming Lives has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Rotary Childrens Fund Fort Worth, TX PURPOSE: Childcare for homeless children | $5,000 |
Endowment Analysis
| Beg. Balance | $19,300,488 |
| Earnings | $7,081,190 |
| Admin Expense | $247,907 |
| Grants | $1,383,358 |
| Ending Balance | $24,750,413 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ymca Of Metropolitan Fort Worth Fort Worth, TX | $29,680,686 | $18,852,895 |
Center For Transforming Lives Fort Worth, TX | $4,873,991 | $15,111,287 |
Young Mens Christian Association Of Greater Tulsa Tulsa, OK | $60,292,929 | $14,834,011 |
The Young Mens Christian Association Of The Capital Area Baton Rouge, LA | $38,948,920 | $11,986,703 |
Young Womens Christian Association Of Lubbock Texas Inc Lubbock, TX | $28,879,413 | $11,388,138 |
The Wellspring Alliance For Families Inc Monroe, LA | $5,920,096 | $8,292,532 |
Arlington-Mansfield Area Young Mens Christian Association Mansfield, TX | $11,403,245 | $5,161,274 |
Young Mens Christian Association Midland, TX | $17,684,853 | $8,272,971 |
Ywca Of Greater Baton Rouge Baton Rouge, LA | $3,021,749 | $5,884,408 |
Women In Need Of Generous Support Dallas, TX | $1,533,569 | $4,127,813 |
Young Womens Christian Association Of Oklahoma City Oklahoma City, OK | $19,872,120 | $6,186,657 |
Young Mens Christian Association Of Wichita Falls Wichita Falls, TX | $25,661,338 | $4,866,451 |