Form 990 for tax year 2022
Filed by UNITED WAY FOUNDATION OF METROPOLITAN DALLAS.
Totals
- Total revenue
- $3,963,511
- Total expenses
- $4,143,356
- Contributions and grants received
- $2,625,777
- Grants paid
- $2,963,635
- Program service revenue
- $0
- Investment income
- $1,337,734
- Other revenue
- $0
- Total assets, end of year
- $63,915,076
- Total liabilities, end of year
- $4,263,590
- Net assets or fund balances, end of year
- $59,651,486
- Program services expenses (Part IX)
- $3,370,166
- Management and general expenses
- $58,959
- Fundraising expenses
- $714,231
- Program service expenses (Part III)
- $3,370,166
Program services were 81.3% 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
$2,625,777
-
3 · Investment income
total $1,165,553 · excluded $1,165,553
-
7a · Gross sales of assets other than inventory
securities $29,147,467
-
7b · Less cost or other basis and sales expenses
securities $28,975,286
-
7c · Gain or loss
securities $172,181
-
7d · Net gain or loss
total $172,181 · excluded $172,181
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $2,963,635 · program services $2,963,635
-
11f · Fees: investment management
total $58,959 · management and general $58,959
-
23 · Insurance
total $714,231 · fundraising $714,231
-
24a · Other expenses: BAD DEBT EXPENSE
total $406,531 · program services $406,531
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $369,198 · end of year $497,485
-
2 · Savings and temporary cash investments
beginning of year $0 · end of year $0
-
3 · Pledges and grants receivable
beginning of year $2,487,262 · end of year $2,366,574
-
4 · Accounts receivable
beginning of year $0 · 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
-
7 · Other notes and loans receivable
beginning of year $406,531 · end of year $0
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
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
-
11 · Investments: publicly traded securities
beginning of year $49,682,629 · end of year $57,563,835
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $4,681,340 · end of year $3,487,182
-
17 · Accounts payable and accrued expenses
beginning of year $0 · end of year $0
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $0 · end of year $0
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
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 $3,563,205 · end of year $4,263,590
-
27 · Net assets without donor restrictions
beginning of year $25,705,294 · end of year $30,407,715
-
28 · Net assets with donor restrictions
beginning of year $28,358,461 · end of year $29,243,771
Mission and programs · 2022
Mission
THE FOUNDATION WAS FOUNDED EXCLUSIVELY FOR THE PURPOSE OF RECEIVING GIFTS, GRANTS AND BEQUESTS IN ORDER TO ESTABLISH AN ENDOWMENT FUND FOR THE LONG-TERM BENEFIT OF THE UNITED WAY OF METROPOLITAN DALLAS.
Activities or mission (Part I)
THE FOUNDATION WAS FOUNDED EXCLUSIVELY FOR THE PURPOSE OF RECEIVING (CONTINUED IN PART III)
-
DURING THE YEAR ENDING JUNE 30, 2023, THE UNITED WAY FOUNDATION OF METROPOLITAN DALLAS (UWFMD) BOARD MADE A DISTRIBUTION OF $2,500,000 FROM ITS ENDOWMENTS TO THE UNITED WAY OF METROPOLITAN DALLAS, INC. (UWMD), WHICH REPRESENTS THE HIGHER OF $2,500,000 OR 4.5% OF THE 12-QUARTER ROLLING AVERAGE ENDOWMENT MARKET VALUE OR THE MOST RECENT QUARTER'S ENDOWMENT CLOSING MARKET VALUE AS OF DECEMBER 31, 2022, WHICHEVER IS LOWER.
Expenses $2,500,000 · Grants $2,500,000
-
UWFMD RECEIVED FUNDS DESIGNATED TO UWMD DURING THE YEAR ENDING JUNE 30, 2023. THESE MONIES WERE GRANTED TO THE UWMD AS REQUESTED BY THE DONOR.
Expenses $368,635 · Grants $368,635
-
UWFMD RECEIVED FUNDS DESIGNATED TO AGENCIES DURING THE YEAR ENDING JUNE 30, 2023. THESE MONIES WERE GRANTED TO THE AGENCY AS REQUESTED BY THE DONOR.
Expenses $501,531 · Grants $95,000
As filed on the 2022 return.
Listed in Part VII
-
TERRI WEST
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 5 + 2 related
-
CLINT MCDONNOUGH
BOARD VICE CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
KEVIN MARCH
SECRETARY/TREASURER/INV. COM. CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
MILLIE BRADLEY
AT-LARGE MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
HAL BRIERLEY
AT-LARGE MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
JIM BURKE
AT-LARGE MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
TOM CODD
AT-LARGE MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
PETE CHILIAN
AT-LARGE MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
JASON DOWNING
AT-LARGE MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
CURTIS M FITZGERALD
AT-LARGE MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
BARRY A FROMBERG
AT-LARGE MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
EDWARD G GALANTE
AT-LARGE MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
ERIN GEORGE
AT-LARGE MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
CAROL GLENDENNING
AT-LARGE MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
ASHLEE KLEINERT
AT-LARGE MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
J PETER KLINE
AT-LARGE MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
PEDRO LERMA
AT-LARGE MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
ANNE MOTSENBOCKER
AT-LARGE MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
RON PARKER
AT-LARGE MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
CAROLYN PEROT RATHJEN
AT-LARGE MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
STANLEY A RABIN
AT-LARGE MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
DAVE C RADER
AT-LARGE MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
DEBBIE TAYLOR
AT-LARGE MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
MARY TEMPLETON
AT-LARGE MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
DEBRA VON STORCH
AT-LARGE MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
W KELVIN WALKER
AT-LARGE MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
JENNIFER SAMPSON
PRESIDENT AND CEO
- Total calculated
- $741,158
- From this org
- $0
- From related orgs
- $628,369
- Other
- $112,789
- Hours/week
- 8 + 32 related
Schedule J breakdown matched by us
- Base
- $0 + $425,416 related
- Bonus
- $0 + $193,349 related
- Other
- $0 + $9,604 related
- Deferred
- $0 + $96,600 related
- Nontaxable benefits
- $0 + $16,189 related
- Filer's total
- $0 + $741,158 related
-
SUSAN E PEEK
CHIEF IMPACT/STRATEGY OFFICER
- Total calculated
- $474,103
- From this org
- $0
- From related orgs
- $440,178
- Other
- $33,925
- Hours/week
- 6 + 34 related
Schedule J breakdown matched by us
- Base
- $0 + $318,282 related
- Bonus
- $0 + $118,728 related
- Other
- $0 + $3,168 related
- Deferred
- $0 + $21,406 related
- Nontaxable benefits
- $0 + $12,519 related
- Filer's total
- $0 + $474,103 related
-
JANICE W HARISSIS
CHIEF FINANCIAL OFFICER
- Total calculated
- $342,741
- From this org
- $0
- From related orgs
- $323,592
- Other
- $19,149
- Hours/week
- 2 + 38 related
Schedule J breakdown matched by us
- Base
- $0 + $272,088 related
- Bonus
- $0 + $48,204 related
- Other
- $0 + $3,300 related
- Deferred
- $0 + $17,853 related
- Nontaxable benefits
- $0 + $1,296 related
- Filer's total
- $0 + $342,741 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 3
- RELATED ORGANIZATIONS METHOD OF ESTABLISHING COMPENSATION FOR THE CEO ALL COMPENSATION FOR OFFICERS/DIRECTORS/HIGHEST COMPENSATED EMPLOYEES IS PAID BY A RELATED ORGANIZATION, UWMD. UWFMD RELIED ON UWMD TO REVIEW THIS INFORMATION FOR ALL COMPENSATION PAID. THE COMPENSATION COMMITTEE IS A COMMITTEE OF THE BOARD. THE COMMITTEE HAS THE RESPONSIBILITY OF DETERMINING AND RECOMMENDING, TO THE BOARD FOR APPROVAL, THE CEO'S COMPENSATION. UWMD'S HUMAN RESOURCES PROVIDES FACTUAL, SUPPORTIVE, AND COMPARATIVE INFORMATION, AS REQUESTED. THE COMMITTEE REVIEWS AND APPROVES UWMD'S GOALS AND OBJECTIVES RELEVANT TO CEO COMPENSATION AND EVALUATES THE PERFORMANCE OF THE CEO ANNUALLY AGAINST THOSE GOALS AND OBJECTIVES. THE CEO'S COMPENSATION PACKAGE IS BASED ON THIS EVALUATION. THE DELIBERATIONS AND DECISIONS OF THE COMMITTEE ARE DOCUMENTED IN CONTEMPORANEOUS SUBSTANTIATION.
- SCHEDULE J, PART I, LINE 4B
- PERSONS PARTICIPATING IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN JENNIFER SAMPSON PARTICIPATED IN THE ORGANIZATION'S 457F PLAN. FOR CALENDAR YEAR 2022, MS. SAMPSON RECEIVED THE FOLLOWING; EMPLOYER 457F DEFERRAL $70,000 THIS AMOUNT IS REPORTED ON SCHEDULE J, PART II, COL C.
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
-
UNITED WAY OF METROPOLITAN DALLAS INC
$2,500,000
SUPPORT UWMD
-
DONOR DESIGNATIONS
-
DONOR DESIGNATIONS
-
$20,000
DONOR DESIGNATIONS
-
$10,000
DONOR DESIGNATIONS
-
$10,000
DONOR DESIGNATIONS
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.
-
UNITED WAY OF METROPOLITAN DALLAS INC
501(C)(3) · HLTH/HUM SVCS · TX
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202401359349311895
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