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← QUALITY OF LIFE FOUNDATION FOR METROPOLITAN DALLAS

Form 990 for tax year 2024

Filed by QUALITY OF LIFE FOUNDATION FOR METROPOLITAN DALLAS.

Totals

Total revenue
$281,782
Total expenses
$509,948
Contributions and grants received
$281,782
Grants paid
$486,166
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$6,812
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$6,812
Program services expenses (Part IX)
$489,948
Management and general expenses
$20,000
Fundraising expenses
$0
Program service expenses (Part III)
$489,948

Program services were 96.1% 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.

  • 1f · All other contributions, gifts and grants

    $281,782

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $479,166 · program services $479,166

  • 2 · Grants to domestic individuals

    total $7,000 · program services $7,000

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 24a · Other expenses: Administrative Support

    total $20,000 · management and general $20,000

  • 24b · Other expenses: Leadership Class Project

    total $3,782 · program services $3,782

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $239,716 · end of year $6,812

  • 4 · Accounts receivable

    beginning of year $51 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,789 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 28 · Net assets with donor restrictions

    beginning of year $234,978 · end of year $6,812

Mission and programs · 2024

Mission

SEE Schedule O FOR FULL VERBIAGE.

Activities or mission (Part I)

TO PROMOTE EDUCATION AND THE COMMUNITY LIFE OF METROPOLITAN DALLAS IN CULTURAL AND SOCIAL ASPECTS.

  • Quality of Life Foundation for Metropolitan Dallas provided grants for programs in the areas of Education & Workforce, Talent Strategies & Leadership, Economic Development, Public Policy and Diversity, Inclusion & Community Engagement, all of which benefited the region's business's and under-championed communities.

    Expenses $325,000 · Grants $325,000

  • Quality of Life Foundation for Metropolitan Dallas (QOL) received a project funding contribution, which provided for QOL to subcontract with the Dallas Regional Chamber to staff a position that would focus on public policy initiatives and analysis.

    Expenses $104,166 · Grants $104,166

  • A grant was paid to Communities Foundation of Texas for $50,000 and a $7,000 payment was made to Dallas Regional Chamber for Scholarships of (2) individuals in the Leadership Dallas Class.

    Expenses $57,000 · Grants $57,000

  • Leadership Dallas class projects are service projects that are organized, coordinated, fundraised, and executed by the Leadership Dallas cohorts. The cohorts include a range of professional expertise, including operations, technology, legal, and consulting across a range of diverse industries. During 2024 the classes: 1) Continued to work with the Dallas 911 Call Center operations, including over 1,000 volunteer hours, working with the 911 call center team and partners to improve the information and processes used to communicate and educate the residents, including children, and businesses in the Dallas Region about the needs and ways to utilize the 911 call center in an emergency or non-emergency situation. 2) Began working with the Southern Dallas County not for profit For Oak Cliff on their strategic plan, designing a memorial park, and community outreach programs.

    Expenses $3,782

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Cynt Marshall

    DRC Chair

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Dale Petroskey

    President

    Total calculated
    $793,232
    From this org
    $0
    From related orgs
    $756,229
    Other
    $37,003
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $430,490 related
    Bonus
    $0 + $322,830 related
    Other
    $0 + $2,909 related
    Deferred
    $0 + $11,501 related
    Nontaxable benefits
    $0 + $25,502 related
    Filer's total
    $0 + $793,232 related

  • Jim Springfield

    DRC Chair-Elect

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Rafael Lizardi

    DRC Immediate Past Chair

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Angela Farley

    Treasurer

    Total calculated
    $418,767
    From this org
    $0
    From related orgs
    $390,503
    Other
    $28,264
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $289,347 related
    Bonus
    $0 + $99,400 related
    Other
    $0 + $1,756 related
    Deferred
    $0 + $15,525 related
    Nontaxable benefits
    $0 + $12,739 related
    Filer's total
    $0 + $418,767 related

  • Jarrad Toussant

    Vice President

    Total calculated
    $233,029
    From this org
    $0
    From related orgs
    $214,721
    Other
    $18,308
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $178,405 related
    Bonus
    $0 + $35,400 related
    Other
    $0 + $916 related
    Deferred
    $0 + $4,581 related
    Nontaxable benefits
    $0 + $13,727 related
    Filer's total
    $0 + $233,029 related

  • Latosha Herron Bruff

    Board Secretary

    Total calculated
    $251,450
    From this org
    $0
    From related orgs
    $217,037
    Other
    $34,413
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $176,481 related
    Bonus
    $0 + $39,400 related
    Other
    $0 + $1,156 related
    Deferred
    $0 + $10,123 related
    Nontaxable benefits
    $0 + $24,290 related
    Filer's total
    $0 + $251,450 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

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)

Schedule J, Part I, Line 3 EXECUTIVE COMPENSATION REVIEW
QUALITY OF LIFE FOUNDATION HAS NO EMPLOYEES. THE OFFICERS AND KEY EMPLOYEES LISTED ARE EMPLOYEES OF THE DALLAS REGIONAL CHAMBER, A RELATED ORGANIZATION. THE DALLAS REGIONAL CHAMBER MAINTAINS A POLICY REQUIRING ANNUAL REVIEWS OF KEY EXECUTIVE'S COMPENSATION BY THE DALLAS REGIONAL CHAMBER'S EXECUTIVE COMMITTEE. COMPENSATION DECISIONS FOR THESE INDIVIDUALS ARE ASSISTED BY: - INDEPENDENT COMPENSATION CONSULTANT - OTHER ORGANIZATION'S MARKET DATA FROM FORM 990S - COMPENSATION SURVEYS OR STUDIES - REVIEW AND APPROVAL BY THE DALLAS REGIONAL CHAMBER'S COMPENSATION AND EXECUTIVE COMMITTEES
Schedule J, Part II, Column (C) RETIREMENT AND OTHER DEFERRED COMPENSATION
SOME AMOUNTS IN THIS COLUMN ARE DUE TO BONUSES THAT WERE DEFERRED IN TAX YEAR 2024. THE DEFERRED BONUSES WILL BE REPORTED IN COLUMN B(II) AND COLUMN F WHEN THEY ARE PAID IN TAX YEAR 2025. THE DEFERRED BONUSES FROM TAX YEAR 2023 ARE CURRENTLY BEING REPORTED IN COLUMN B(II) AND COLUMN F.

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
13 November 2025
IRS schema version
2024v5.1
Source object
202513179349310191

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