First Presbyterian Church Of Dallas Foundation

Organization Overview

First Presbyterian Church Of Dallas Foundation is located in Dallas, TX. The organization was established in 1962. According to its NTEE Classification (X21) the organization is classified as: Protestant, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. First Presbyterian Church Of Dallas 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 12/2021, First Presbyterian Church Of Dallas Foundation generated $5.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.0% each year . All expenses for the organization totaled $4.2m during the year ending 12/2021. While expenses have increased by 15.8% 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 2015, First Presbyterian Church Of Dallas Foundation has awarded 55 individual grants totaling $12,635,849. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

SUPPORTING THE PROGRAMS OF FIRST PRESBYTERIAN CHURCH AND OTHER PRESBYTERIAN MINISTRIES AND CAUSES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

FUNDS WERE PROVIDED TO OTHER CHARITABLE ORGANIZATIONS TO SUPPORT THE NEEDY AND OTHER RELIGIOUS OUTREACH IN THE COMMUNITY.


FUNDS WERE PROVIDED TO THE FIRST PRESBYTERIAN CHURCH TO SUPPORT THE CHURCH'S MISSIONS AND MINISTRIES.


FUNDS PROVIDED TO SUPPORT STUDENTS SELECTED FROM COMMITTEE FOR STUDENTS WITH FINANCIAL NEED AND VALUES ALIGNED.


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Board, Officers & Key Employees

Name (title)Compensation
Ernest R Higginbotham
President
$0
Jeff Jones
First Vice-President
$0
Mark Haley
Treasurer
$0
Mickey Bonesio
Secretary
$0
Lisa Baker
Second Vice-President
$0
Larry Pease
Director
$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$97,281
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$97,281
Total Program Service Revenue$0
Investment income $709,588
Tax Exempt Bond Proceeds $0
Royalties $5,070
Net Rental Income $0
Net Gain/Loss on Asset Sales $4,717,189
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $5,529,133

Grants Awarded

Over the last fiscal year, First Presbyterian Church Of Dallas Foundation has awarded $3,998,515 in support to 8 organizations.

Grant RecipientAmount

Dallas, TX

PURPOSE: General Support

$2,500,000

FIRST PRESBYTERIAN CHURCH OF DALLAS

Org PageRecipient Profile

Dallas, TX

PURPOSE: Support of organization's charitable and missionary work

$1,421,515

PRESBYTERIAN COMMUNITIES AND SERVICES - FOREFRONT LIVING FOUNDATION

Org PageRecipient Profile

Dallas, TX

PURPOSE: General Support

$25,000

PRESBYTERIAN CHILDREN'S HOME AND SERVICES

Org PageRecipient Profile

Austin, TX

PURPOSE: General Support

$15,000

PRESBYTERIAN CAMPS AT GILMONT

Org PageRecipient Profile

Gilmer, TX

PURPOSE: General Support

$11,000

PRESBYTERIAN PAN AMERICAN SCHOOL

Org PageRecipient Profile

Kingsville, TX

PURPOSE: General Support

$10,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that First Presbyterian Church Of Dallas Foundation has recieved totaling $71,314.

Awarding OrganizationAmount
Hegi Family Foundation

Dallas, TX

PURPOSE: CHURCH PROGRAMS, COUNSELING SERVICES, YOUTH AND COMMUNITY PROGRAMS, HOMELESS PROGRAMS

$60,900
Americas Charities

Chantilly, VA

PURPOSE: GENERAL SUPPORT

$10,414
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$3,595,924
Earnings$457,194
Other Expense$1,218
Grants$48,100
Ending Balance$4,003,800

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