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Nonprofiteer
← BOYS CLUBS OF DALLAS FOUNDATION

Form 990 for tax year 2023

Filed by BOYS CLUBS OF DALLAS FOUNDATION.

Totals

Total revenue
$92,637
Total expenses
$332,638
Contributions and grants received
$0
Grants paid
$271,066
Program service revenue
$0
Investment income
$92,637
Other revenue
$0
Total assets, end of year
$8,080,164
Total liabilities, end of year
$9,975
Net assets or fund balances, end of year
$8,070,189
Program services expenses (Part IX)
$271,066
Management and general expenses
$61,572
Fundraising expenses
$0
Program service expenses (Part III)
$271,066

Program services were 81.5% 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 $157,124 · excluded $157,124

  • 7a · Gross sales of assets other than inventory

    securities $1,692,113

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

    securities $1,756,600

  • 7c · Gain or loss

    securities -$64,487

  • 7d · Net gain or loss

    total -$64,487 · excluded -$64,487

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $271,066 · program services $271,066

  • 11c · Fees: accounting

    total $7,833 · management and general $7,833

  • 11f · Fees: investment management

    total $49,080 · management and general $49,080

  • 11g · Fees: other

    total $4,659 · management and general $4,659

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $290,309 · end of year $111,060

  • 11 · Investments: publicly traded securities

    beginning of year $6,043,795 · end of year $6,701,335

  • 12 · Investments: other securities

    beginning of year $964,938 · end of year $1,267,769

  • 25 · Other liabilities

    beginning of year $2,143 · end of year $9,975

  • 27 · Net assets without donor restrictions

    beginning of year $5,212,964 · end of year $5,738,829

  • 28 · Net assets with donor restrictions

    beginning of year $2,083,935 · end of year $2,331,360

Mission and programs · 2023

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. THE MAJORITY OF THOSE ASSETS WERE TRANSFERRED IN 2015. ADDITIONAL ASSETS WERE TRANSFERRED DURING 2016 AND 2017.

    Expenses $271,066 · Grants $271,066

As filed on the 2023 return.

Listed in Part VII

  • CLINT MURCHISON III

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • GERALD LOUVIERE

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • GEORGE MURCHISON

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM LAMONT III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • ERIC WATSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • CHARLES R ENGLISH

    PRESIDENT - BGCGD (LEFT AUG 2023)

    Total calculated
    $196,822
    From this org
    $0
    From related orgs
    $180,704
    Other
    $16,118
    Hours/week
    0.2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $180,704 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $8,427 related
    Nontaxable benefits
    $0 + $7,691 related
    Filer's total
    $0 + $196,822 related

  • KAREN TAN

    PRESIDENT - BGCGD (START AUG 2023)

    Total calculated
    $93,316
    From this org
    $0
    From related orgs
    $83,333
    Other
    $9,983
    Hours/week
    0.2 + 40 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4a · Severance or change-of-control payment

Answered no

  • 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., A RELATED ORGANIZATION TO DETERMINE THE COMPENSATION FOR THE CEO. THE RELATED ORGANIZATION USED THE FOLLOWING METHODS TO DETERMINE THE COMPENSATION: FORMS 990 OF COMPARATIVE ORGANIZATIONS, A COMPENSATION SURVEY OR STUDY, ANNUAL PERFORMANCE REVIEW AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.
PART I, LINE 4A
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
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202413209349322101

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