← YOUNG MENS CHRISTIAN ASSOCIATION OF METROPOLITAN DALLAS FOUNDATION

Form 990 for tax year 2023

Filed by YOUNG MENS CHRISTIAN ASSOCIATION OF METROPOLITAN DALLAS FOUNDATION.

Totals

Total revenue: $604,291
Total expenses: $1,643,974
Contributions and grants received: $250,609
Grants paid: $1,444,642
Program service revenue: $0
Investment income: $353,682
Other revenue: $0
Total assets, end of year: $35,100,492
Total liabilities, end of year: $5,000
Net assets or fund balances, end of year: $35,095,492
Program services expenses (Part IX): $1,444,642
Management and general expenses: $199,332
Fundraising expenses: $0
Program service expenses (Part III): $1,444,642

Program services were 87.9% 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.

1a · Federated campaigns

$0
1b · Membership dues

$0
1c · Fundraising events

$0
1d · Related organizations

$0
1e · Government grants (contributions)

$0
1f · All other contributions, gifts and grants

$250,609
2f · All other program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
3 · Investment income

total $736,512 · excluded $736,512
6c · Rental income or loss

real property $0 · personal property $0
7a · Gross sales of assets other than inventory

securities $8,984,300
7b · Less cost or other basis and sales expenses

securities $9,367,130
7c · Gain or loss

securities -$382,830 · other assets $0
7d · Net gain or loss

total -$382,830 · excluded -$382,830
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 $1,444,642 · program services $1,444,642
3 · Grants to foreign organizations and individuals

total $0 · program services $0
11a · Fees: management

total $70,000 · management and general $70,000
11c · Fees: accounting

total $9,750 · management and general $9,750
11f · Fees: investment management

total $108,743 · management and general $108,743
11g · Fees: other

total $0 · program services $0 · management and general $0 · fundraising $0
13 · Office expenses

total $10,839 · management and general $10,839
21 · Payments to affiliates

total $0 · program services $0 · management and general $0 · fundraising $0
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 $575,253 · end of year $641,298
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
9 · Prepaid expenses and deferred charges

beginning of year $1,865 · end of year $1,865
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
11 · Investments: publicly traded securities

beginning of year $30,747,420 · end of year $33,655,022
12 · Investments: other securities

beginning of year $0
13 · Investments: program-related

beginning of year $0
15 · Other assets

beginning of year $798,874 · end of year $802,307
17 · Accounts payable and accrued expenses

end of year $5,000
20 · Tax-exempt bond liabilities

beginning of year $0 · end of year $0
22 · Loans and payables to officers and key people

beginning of year $0 · end of year $0
23 · Secured mortgages and notes payable

beginning of year $0 · end of year $0
24 · Unsecured notes and loans payable

beginning of year $0 · end of year $0
25 · Other liabilities

beginning of year $0 · end of year $0
27 · Net assets without donor restrictions

beginning of year $26,356,359 · end of year $28,792,717
28 · Net assets with donor restrictions

beginning of year $5,767,053 · end of year $6,302,775

Mission and programs · 2023

Mission

THE YMCA OF METROPOLITAN DALLAS FOUNDATION (THE FOUNDATION) WAS CREATED AS A SEPARATE AND DISTINCT LEGAL ENTITY IN OCTOBER 1996 TO RECEIVE AND MAINTAIN A FUND OR FUNDS OF REAL OR PERSONAL PROPERTY OR BOTH AND TO USE THE WHOLE OR ANY PART OF THE INCOME OR PRINCIPAL EXCLUSIVELY TO SUPPORT THE MISSION OF THE YMCA OF METROPOLITAN DALLAS (THE ASSOCIATION), TO PUT CHRISTIAN VALUES INTO PRACTICE THROUGH PROGRAMS THAT PROMOTE HEALTHY SPIRIT, MIND, AND BODY FOR ALL. THE FOUNDATION BOARD HAS GOVERNANCE AUTHORITY OVER THE DISTRIBUTION OF FUNDS OF THE FOUNDATION. ALTHOUGH THAT AUTHORITY GIVES THE FOUNDATION THE RIGHT TO DISTRIBUTE FUNDS TO SUPPORT ORGANIZATIONS WITH GOALS SIMILAR TO THE ASSOCIATION, THE INTENT IS TO SUPPORT THE ASSOCIATION, AND AS OF DECEMBER 31, 20233, THE FOUNDATION HAS NOT PROVIDED FUNDS TO ANY OTHER ORGANIZATION.

Activities or mission (Part I)

THE FOUNDATION SUPPORTS THE YMCA OF METROPOLITAN DALLAS, WHO'S MISSION IS TO PUT CHRISTIAN VALUES INTO PRACTICE THROUGH PROGRAMS THAT PROMOTE HEALTHY SPIRIT, MIND, AND BODY FOR ALL.

ANNUAL SUPPORT OF THE YMCA OF METROPOLITAN DALLAS, INC.

Expenses $1,444,642 · Grants $1,444,642

As filed on the 2023 return.

Listed in Part VII

Jody Zorn

Chair

Total calculated

$0

Hours/week

1
Nate St Clair

Vice Chair/Chair Elect

Total calculated

$0

Hours/week

1
Amii Sibley Foster

Trustee

Total calculated

$0

Hours/week

0.5
Daffan Nettle

Trustee

Total calculated

$0

Hours/week

0.5
Debera Hepburn

Trustee

Total calculated

$0

Hours/week

0.5
Dennis Cail

Trustee

Total calculated

$0

Hours/week

0.5
Jessica Thorne

Trustee

Total calculated

$0

Hours/week

0.5
John Phillips

Trustee

Total calculated

$0

Hours/week

0.5
Julia Harman

Trustee

Total calculated

$0

Hours/week

0.5
Kenya Woodruff

Trustee

Total calculated

$0

Hours/week

0.5
Larry Seedig

Trustee

Total calculated

$0

Hours/week

0.5
Maggie Parker

Trustee

Total calculated

$0

Hours/week

0.5
Matthew Copeland

Trustee

Total calculated

$0

Hours/week

0.5
Michael Mikeska

Trustee

Total calculated

$0

Hours/week

0.5
Patrick Cowlishaw

Trustee

Total calculated

$0

Hours/week

0.5
Rebekah Brooker

Trustee

Total calculated

$0

Hours/week

0.5
Robert Beecherl

Trustee

Total calculated

$0

Hours/week

0.5
Rodney T Madden

Trustee

Total calculated

$0

Hours/week

0.5
Romit Cheema

Trustee

Total calculated

$0

Hours/week

0.5
Torrey Littlejohn

Trustee

Total calculated

$0

Hours/week

0.5
Kathryn Allen

President

Total calculated

$287,753

From this org

$0

From related orgs

$254,641

Other

$33,112

Hours/week

10 + 50 related

Schedule J breakdown matched by us

Base

$0 + $254,641 related

Bonus

$0

Other

$0

Deferred

$0 + $1,161 related

Nontaxable benefits

$0 + $31,951 related

Filer's total

$0 + $287,753 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 Compensation Review: The Foundation incurs no payroll expense. The Foundation president is compensated by the YMCA of Metropolitan Dallas. That organization uses several compensation review processes to determine compensation.

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

YMCA of Metropolitan Dallas

$1,444,642

Annual Support

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.

YMCA of Metropolitan Dallas Inc

501(c)(3) · FAMILY PROGRAMS · TX

Directly controlled by NA

Provenance

Return type: form_990
Tax year: 2023
Filed: 18 July 2024
IRS schema version: 2023v5.1
Source object: 202422009349301027

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