Dallas Foundation in Dallas, Texas (TX)

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Dallas Foundation
Employer Identification Number (EIN)756038529
Name of OrganizationDallas Foundation
AddressDallas, TX 75202
Tax Period2001
Asset Amount$87,596,721
Amount of Income$15,920,161
Form 990 Revenue Amount$15,920,161
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations: Community Foundations


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Amount of income in 2001: $15,920,161
This organization: 

 $15,920,161
Other organizations performing similar types of work: 

 $18,946,686

Assets in 2001: $87,596,721
Dallas Foundation: 

 $87,596,721
Other organizations performing similar types of work: 

 $79,452,997

Expenses in 2001: $13,052,476
Dallas Foundation: 

 $13,052,476
Other organizations performing similar types of work: 

 $5,721,898

Income to expenses ratio in 2001: 1.2
This organization: 

 1.2
Other organizations performing similar types of work: 

 3.1

Expenses allocated to program services in 2001: 92.0%
This organization: 

 92.0%
Other organizations performing similar types of work: 

 87.6%

Number of employees in 2001: 10
This organization: 

 10
Other organizations performing similar types of work: 

 12

Employees paid over $50,000 in 2001: 40.0%
This organization: 

 40.0%
Other organizations performing similar types of work: 

 37.5%

Grants share in income in 2001: 75.0%
This organization: 

 75.0%
Other organizations performing similar types of work: 

 66.9%

Financial snapshot ($)

Revenue for 2001

Assets at end of 2001

Expenses for 2001

Functional Expenses for 2001 ($)

Income-Producing Activities for 2001

Revenue, Expenses, and Changes in Net Assets or Fund Balances
20002001
Total revenue$21,453,124$15,920,161
Contributions, gifts, grants, and similar amounts received$9,420,513$11,946,072
Contributions to donor advised funds
Direct public support$9,420,513$11,946,072
Indirect public support$0$0
Government contributions (grants)$0$0
Program service revenue including government fees and contracts$0$0
Membership dues and assessments$0$0
Interest on savings and temporary cash investments$0$0
Dividends and interest from securities$3,480,405$2,900,558
Net rental income or (loss)$97,022$110,241
Gross rents$97,022$110,241
Less: rental expenses$0$0
Other investment income$46,270$27,885
Gain or (loss) from sales of assets other than inventory$8,315,085$925,775
Gross amount from sales of assets other than inventory$59,243,696$10,940,988
Less: cost or other basis and sales expenses$50,928,611$10,015,213
Net income or (loss) from special events and activities$0$0
Gross revenue$0$0
Less: direct expenses other than fundraising expenses$0$0
Gross profit or (loss) from sales of inventory$0$0
Gross sales of inventory, less returns and allowances$0$0
Less: cost of goods sold$0$0
Other revenue$93,829$9,630
Total expenses$14,096,336$13,052,476
Program services$13,155,469$12,001,848
Management and general$863,226$952,335
Fundraising$77,641$98,293
Payments to affiliates$0$0
Net assets or fund balances at end of year$90,871,837$87,596,721
Excess or (deficit) for the year$7,356,788$2,867,685
Net assets or fund balances at beginning of year$98,438,613$90,871,837
Other changes in net assets or fund balances$-14,923,564$-6,142,801
Statement of Functional Expenses (for 2001)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$13,052,476$12,001,848$952,335$98,293
Grants paid from donor advised funds
Other grants and allocations$11,690,473
Specific assistance to individuals$0
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$131,328$51,500$54,078$25,750
Compensation of former officers, directors, key employees, etc.
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Salaries and wages of employees not included above$327,155$94,355$164,496$68,304
Pension plan contributions not included above$18,720$0$18,720$0
Employee benefits not included above$41,592$0$41,592$0
Payroll taxes$28,698$3,940$22,788$1,970
Professional fundraising fees$0$0$0$0
Accounting fees$22,390$0$22,390$0
Legal fees$25,686$0$25,686$0
Supplies$15,800$0$15,800$0
Telephone$3,992$0$3,992$0
Postage and shipping$5,832$0$5,832$0
Occupancy$58,454$0$58,454$0
Equipment rental and maintenance$9,839$0$9,839$0
Printing and publications$83,375$64,490$18,885$0
Travel$23,062$0$23,062$0
Conferences, conventions, and meetings$0$0$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$8,673$0$8,673$0
Other expenses not covered above$557,407$97,090$458,048$2,269
Balance Sheets
20002001
Total assets$95,671,306$91,938,196
Cash - non-interest-bearing$9,510,652$11,736,611
Savings and temporary cash investments$0$0
Accounts receivable less allowance for doubtful accounts$0$0
Pledges receivable less allowance for doubtful accounts$2,946,305$3,208,010
Grants receivable$0$0
Receivables from current and former officers, directors, trustees, and key employees$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)
Other notes and loans receivable less allowance for doubtful accounts$837,360$990
Inventories for sale or use$0$0
Prepaid expenses and deferred charges$0$0
Investments - publicly-traded securities
Investments - other securities$0$0
Investments - land, buildings, and equipment less accumulated depreciation$0$793,016
Investments - other$81,836,830$76,114,573
Land, buildings, and equipment less accumulated depreciation$32,204$84,996
Other assets, including program-related investments$507,955$0
Total liabilities$4,799,469$4,341,475
Accounts payable and accrued expenses$3,058,839$2,586,856
Grants payable$1,740,630$1,754,619
Deferred revenue$0$0
Loans from officers, directors, trustees, and key employees$0$0
Tax-exempt bond liabilities$0$0
Mortgages and other notes payable$0$0
Other liabilities$0$0
Total liabilities and net assets/fund balances$95,671,306$91,938,196
Total net assets or fund balances$90,871,837$87,596,721
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
20002001
Total revenue$21,453,124$15,920,161
Total revenue, gains, and other support per audited financial statements$9,664,015$9,470,726
Other expenses$-11,789,109$-6,058,424
Net unrealized gains on investments$-10,474,820$-5,889,790
Donated services and use of facilities$36,368$52,549
Recoveries of prior year grants$0$0
Other$-1,350,657$-221,183
Other revenue$0$391,011
Investment expenses$0$0
Other$0$391,011
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
20002001
Total expenses$14,096,336$13,052,476
Total expenses and losses per audited financial statements$13,697,585$12,745,842
Other revenue$-398,751$-306,634
Donated services and use of facilities$36,368$52,549
Prior year adjustments$0$0
Losses$0$0
Other$-435,119$-359,183
Other expenses$0$0
Investment expenses$0$0
Other$0$0
Current Officers, Directors, Trustees, and Key Employees
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings0
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?
Does the organization have a written conflict of interest policy?
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?No
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?
Did the organization acquire a direct or indirect interest in any applicable insurance contract?
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?
Number of employees employed in the pay period that includes March 12, 200610
Analysis of Income-Producing Activities (for 2001)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$3,974,089$0
Program service revenue
Program service revenue 1000000$000$0$0
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$000$0$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$2,900,558$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$0Real property rental income that does not depend on the income or profits derived by the person leasing the property and is excluded by section 512(b)(3)$110,241$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$0Royalty income excluded by section 512(b)(2)$27,885$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$925,775$0
Net income or (loss) from special events000000$000$0$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$9,630$0
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2001)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2001)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$90,000$4,326$0
$62,600$2,600$0
$57,600$2,466$0
$55,000$2,404$0
$50,000$2,033$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2001)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?
Did the organization maintain any donor advised funds?
Did the organization make any taxable distributions under section 4966?
Did the organization make a distribution to a donor, donor advisor, or related person?
The total number of donor advised funds owned at the end of the tax year
The aggregate value of assets held in all donor advised funds owned at the end of the tax year
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts
The aggregate value of assets held in all funds or accounts included above at the end of the tax year
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that receives a substantial part of its support from a governmental unit or from the general public
Support Schedule
19992000
Total$20,637,736$13,894,138
Gifts, grants, and contributions received$17,413,038$9,420,513
Membership fees received$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$0$0
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$3,224,698$4,473,625
Net income from unrelated business activities not included above$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0
Other income$0$0
Lobbying Expenditures by Electing Public Charities (for 2001)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Number of organizations performing similar types of work
Alabama2
Arizona2
California24
Colorado4
Connecticut8
District of Columbia1
Delaware1
Florida14
Georgia2
Hawaii1
Iowa5
Idaho1
Illinois10
Indiana17
Kansas4
Kentucky2
Louisiana2
Massachusetts5
Maryland2
Maine1
Michigan17
Minnesota9
Missouri5
Mississippi3
Montana2
North Carolina9
North Dakota1
Nebraska2
New Hampshire1
New Jersey5
New York14
Ohio20
Oklahoma2
Oregon1
Pennsylvania14
South Carolina6
South Dakota3
Tennessee4
Texas28
Utah1
Virginia7
Vermont1
Washington5
Wisconsin9
West Virginia2
International1
Total280

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