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Nonprofiteer
← BOYS CLUBS OF DALLAS FOUNDATION

Form 990 for tax year 2024

Filed by BOYS CLUBS OF DALLAS FOUNDATION.

Totals

Total revenue
$313,710
Total expenses
$439,458
Contributions and grants received
$0
Grants paid
$382,494
Program service revenue
$0
Investment income
$313,710
Other revenue
$0
Total assets, end of year
$8,698,701
Total liabilities, end of year
$9,975
Net assets or fund balances, end of year
$8,688,726
Program services expenses (Part IX)
$382,494
Management and general expenses
$56,964
Fundraising expenses
$0
Program service expenses (Part III)
$382,494

Program services were 87.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $174,924 · excluded $174,924

  • 7a · Gross sales of assets other than inventory

    securities $1,595,057

  • 7b · Less cost or other basis and sales expenses

    securities $1,456,271

  • 7c · Gain or loss

    securities $138,786

  • 7d · Net gain or loss

    total $138,786 · excluded $138,786

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $382,494 · program services $382,494

  • 11f · Fees: investment management

    total $56,964 · management and general $56,964

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $111,060 · end of year $345,676

  • 11 · Investments: publicly traded securities

    beginning of year $6,701,335 · end of year $6,894,325

  • 12 · Investments: other securities

    beginning of year $1,267,769 · end of year $1,458,700

  • 25 · Other liabilities

    beginning of year $9,975 · end of year $9,975

  • 27 · Net assets without donor restrictions

    beginning of year $5,738,829 · end of year $6,055,007

  • 28 · Net assets with donor restrictions

    beginning of year $2,331,360 · end of year $2,633,719

Mission and programs · 2024

Mission

THE FOUNDATION WAS CREATED TO SUPPORT THE BOYS & GIRLS CLUBS OF GREATER DALLAS INC.

  • THE FOUNDATION WAS CREATED TO SUPPORT THE BOYS & GIRLS CLUBS OF GREATER DALLAS INC. IN ORDER TO MAINTAIN LONG TERM FUNDING, THE CLUB'S BOARD OF DIRECTORS VOTED TO TRANSFER ITS ASSETS IN THE BGCDALLAS ENDOWMENT FUND TO THE FOUNDATION TO INCREASE THE SIZE OF THE FOUNDATION, PROTECT ITS ASSETS, AND INSURE CONTINUED LONG-TERM FUNDING FOR THE CLUB.

    Expenses $382,494 · Grants $382,494

As filed on the 2024 return.

Listed in Part VII

  • Clint Murchison III

    PRESIDENT - DECEASED 7/24

    Total calculated
    $0
    Hours/week
    1

  • Eric Watson

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • George Murchison

    SEC/TREAS; PRES - AS OF 7/24

    Total calculated
    $0
    Hours/week
    1

  • Jay Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • William Lamont III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE FOUNDATION RELIED ON BOYS & GIRLS CLUBS OF GREATER DALLAS INC. (BGCGD), A RELATED ORGANIZATION TO DETERMINE THE COMPENSATION FOR THE CEO. THE BGCGD BOARD CHAIRMAN AND EXECUTIVE SUPPORT AND APPRAISAL COMMITTEE MEETS WITH THE CEO & PRESIDENT TO PREFORM THE ANNUAL REVIEW AND RECOMMENDS COMPENSATION BASED ON THE SALARY BUDGET TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL. TO ASSIST IN THIS DECISION, THE COMMITTEE CAN COMPARE THE PROPOSED SALARY TO THE FORMS 990 OF OTHER ORGANIZATIONS AND TO SALARY SURVEYS PRODUCED BY THIRD PARTIES. THE SALARY BUDGET IS SET BY THE BOARD OF DIRECTORS WHEN THEY APPROVE THE ANNUAL BUDGET, WHICH IS DOCUMENTED IN THE MEETING MINUTES.
PART I, LINE 4
NAME: CHERIE ROWE, DESCRIPTION: SEVERANCE, CURRENT YEAR AMOUNT: $48,460. PLAN DESCRIPTION: SEVERANCE NAME: RENALDO CORDOVA, DESCRIPTION: SEVERANCE, CURRENT YEAR AMOUNT: $30,928. PLAN DESCRIPTION: SEVERANCE

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
12 November 2025
IRS schema version
2024v5.2
Source object
202513179349302786

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