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Nonprofiteer
← THE EPISCOPAL SCHOOL OF DALLAS PERMANENT ENDOWMENT TRUST

Form 990 for tax year 2024

Filed by THE EPISCOPAL SCHOOL OF DALLAS PERMANENT ENDOWMENT TRUST.

Totals

Total revenue
$24,520,815
Total expenses
$1,840,576
Contributions and grants received
$23,107,186
Grants paid
$1,441,541
Program service revenue
$0
Investment income
$1,413,629
Other revenue
$0
Total assets, end of year
$75,250,014
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$75,250,014
Program services expenses (Part IX)
$1,441,541
Management and general expenses
$399,035
Fundraising expenses
$0
Program service expenses (Part III)
$1,441,541

Program services were 78.3% 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

    $23,107,186

  • 3 · Investment income

    total $1,037,317 · excluded $1,037,317

  • 7a · Gross sales of assets other than inventory

    securities $7,032,551

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

    securities $6,656,239

  • 7c · Gain or loss

    securities $376,312

  • 7d · Net gain or loss

    total $376,312 · excluded $376,312

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,441,541 · program services $1,441,541

  • 11c · Fees: accounting

    total $28,000 · management and general $28,000

  • 11f · Fees: investment management

    total $350,013 · management and general $350,013

  • 24a · Other expenses: GENERAL & ADMIN EXP

    total $21,022 · management and general $21,022

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $125,182 · end of year $33,736

  • 2 · Savings and temporary cash investments

    beginning of year $213,028 · end of year $303,206

  • 3 · Pledges and grants receivable

    beginning of year $4,645,969 · end of year $16,180,199

  • 4 · Accounts receivable

    beginning of year $92,738 · end of year $29,417

  • 12 · Investments: other securities

    beginning of year $42,381,034 · end of year $58,274,071

  • 15 · Other assets

    beginning of year $927,107 · end of year $429,385

  • 27 · Net assets without donor restrictions

    beginning of year $7,885,943 · end of year $8,072,010

  • 28 · Net assets with donor restrictions

    beginning of year $40,499,115 · end of year $67,178,004

Mission and programs · 2024

Mission

THE EPISCOPAL SCHOOL OF DALLAS PERMANENT ENDOWMENT TRUST OPERATES EXCLUSIVELY AS AN ENDOWMENT FUND FOR THE BENEFIT OF AND TO SUPPORT THE EPISCOPAL SCHOOL OF DALLAS, INC.

  • THE EPISCOPAL SCHOOL OF DALLAS PERMANENT ENDOWMENT TRUST OPERATES EXCLUSIVELY AS AN ENDOWMENT FUND FOR THE BENEFIT OF AND TO SUPPORT THE EPISCOPAL SCHOOL OF DALLAS, INC.

    Expenses $1,441,541 · Grants $1,441,541

As filed on the 2024 return.

Listed in Part VII

  • Jamiel Akhtar

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Damian Ornani

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Drew McKnight

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jane Hancock

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Lavanya Viswanathan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Lawrence Hawkins

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Robert Cathey

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Zach Wooldridge

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Carter Tolleson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • David L Baad

    HEAD OF SCHOOL

    Total calculated
    $644,524
    From this org
    $0
    From related orgs
    $618,033
    Other
    $26,491
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $476,058 related
    Bonus
    $0 + $80,575 related
    Other
    $0 + $61,400 related
    Deferred
    $0 + $15,806 related
    Nontaxable benefits
    $0 + $10,685 related
    Filer's total
    $0 + $644,524 related

  • Blanca Mary Hernandez

    CHIEF FINANCIAL OFFICER

    Total calculated
    $293,288
    From this org
    $0
    From related orgs
    $268,171
    Other
    $25,117
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $268,171 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $18,061 related
    Nontaxable benefits
    $0 + $7,056 related
    Filer's total
    $0 + $293,288 related

  • Ruth Burke

    ASSOCIATE HEAD OF SCHOOL

    Total calculated
    $306,212
    From this org
    $0
    From related orgs
    $271,482
    Other
    $34,730
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $271,482 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $22,455 related
    Nontaxable benefits
    $0 + $12,275 related
    Filer's total
    $0 + $306,212 related

  • Denis M Stokes

    CHIEF ADVANCEMENT OFFICER

    Total calculated
    $283,219
    From this org
    $0
    From related orgs
    $262,879
    Other
    $20,340
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $262,879 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $13,281 related
    Nontaxable benefits
    $0 + $7,059 related
    Filer's total
    $0 + $283,219 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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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 4B
THE HEAD OF SCHOOL PARTICIPATES IN A 457(F) PLAN. $75,000 WAS CONTRIBUTED IN JANUARY 2025 BY THE SCHOOL PURSUANT TO THE HEAD OF SCHOOL'S EMPLOYMENT AGREEMENT.
SCHEDULE J, PART I, LINE 3
RELATED ORGANIZATION COMPENSATION REVIEW: THE ORGANIZATION'S TOP EXECUTIVE OFFICER IS COMPENSATED BY THE EPISCOPAL SCHOOL OF DALLAS, INC. (ESD). ANNUALLY, THE HUMAN RESOURCES AND COMPENSATION COMMITTEE FOR ESD REVIEWS WHETHER THE HEAD OF SCHOOL'S COMPENSATION IS REASONABLE AND NOT EXCESSIVE, AND IS IN ACCORDANCE WITH THE HEAD OF SCHOOL'S EMPLOYMENT CONTRACT INCLUDING THE DETERMINATION OF INCENTIVE COMPENSATION AS OUTLINED IN THE CONTRACT. THE COMPENSATION COMMITTEE THEN PRESENTS ITS FINDINGS TO THE FULL BOARD. THE BOARD MAKES THE FINAL DETERMINATION REGARDING THE HEAD OF SCHOOL'S COMPENSATION. THE ORGANIZATION'S EXECUTIVE LEADERSHIP TEAM MEMBERS (KEY EMPLOYEES) ARE COMPENSATED BY THE EPISCOPAL SCHOOL OF DALLAS, INC. (ESD). ANNUALLY, THE HUMAN RESOURCES AND COMPENSATION COMMITTEE REVIEW AND APPROVE THE COMPENSATION OF THESE TEAM MEMBERS BASED ON A RECOMMENDATION BY THE HEAD OF SCHOOL

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
4 May 2026
IRS schema version
2024v5.5
Source object
202601329349302640

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