Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $26,400,838

• 1f · All other contributions, gifts and grants

  $235,913,304

• 1g · Noncash contributions included above

  $90,038,382

• 2a · Program service revenue: EDUCATE TEXAS

  total $6,711,812 · related or exempt $6,711,812

• 2b · Program service revenue: SUPPORT FOUNDATION FEE

  total $2,552,976 · related or exempt $2,552,976

• 2c · Program service revenue: RENTAL INCOME

  total $202,249 · related or exempt $202,249

• 3 · Investment income

  total $19,069,996 · excluded $19,069,996

• 5 · Royalties

  total $475,834 · excluded $475,834

• 7a · Gross sales of assets other than inventory

  securities $184,064,829

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

  securities $135,004,408

• 7c · Gain or loss

  securities $49,060,421

• 7d · Net gain or loss

  total $49,060,421 · excluded $49,060,421

• 11a · Other revenue: CONFERENCE FEES

  total $114,350 · excluded $114,350

• 11b · Other revenue: PASSTHRU FROM PARTNERSHIP INCOME

  total $97,728 · unrelated business $140,646 · excluded -$42,918

• 11d · All other revenue

  total $1,007,850 · related or exempt $1,007,850

• 11e · Other revenue, total

  $1,219,928

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $218,969,318 · program services $218,969,318

• 2 · Grants to domestic individuals

  total $2,021,344 · program services $2,021,344

• 3 · Grants to foreign organizations and individuals

  total $3,959,820 · program services $3,959,820

• 5 · Compensation of officers, directors and key employees

  total $4,324,953 · program services $1,744,350 · management and general $1,897,676 · fundraising $682,927

• 7 · Other salaries and wages

  total $12,723,105 · program services $5,111,607 · management and general $5,591,404 · fundraising $2,020,094

• 8 · Pension plan contributions

  total $823,235 · program services $332,029 · management and general $361,214 · fundraising $129,992

• 9 · Other employee benefits

  total $1,034,781 · program services $417,350 · management and general $454,035 · fundraising $163,396

• 10 · Payroll taxes

  total $1,095,781 · program services $441,953 · management and general $480,800 · fundraising $173,028

• 11b · Fees: legal

  total $85,341 · program services $8,602 · management and general $76,739

• 11c · Fees: accounting

  total $147,039 · management and general $147,039

• 11d · Fees: lobbying

  total $34,040 · program services $7,715 · management and general $26,325

• 11f · Fees: investment management

  total $640,759 · management and general $640,759

• 11g · Fees: other

  total $9,099,141 · program services $6,254,325 · management and general $2,829,916 · fundraising $14,900

• 12 · Advertising and promotion

  total $867,279 · program services $211,943 · management and general $539,194 · fundraising $116,142

• 13 · Office expenses

  total $860,722 · program services $61,757 · management and general $764,202 · fundraising $34,763

• 14 · Information technology

  total $1,031,371 · program services $416,542 · management and general $431,566 · fundraising $183,263

• 16 · Occupancy

  total $1,333,527 · program services $978,117 · management and general $254,468 · fundraising $100,942

• 17 · Travel

  total $402,883 · program services $321,129 · management and general $65,139 · fundraising $16,615

• 19 · Conferences, conventions and meetings

  total $1,586,021 · program services $951,515 · management and general $578,794 · fundraising $55,712

• 22 · Depreciation, depletion and amortization

  total $2,181,910 · program services $1,556,162 · management and general $447,080 · fundraising $178,668

• 23 · Insurance

  total $322,124 · program services $149,002 · management and general $121,197 · fundraising $51,925

• 24a · Other expenses: DUES AND SUBSCRIPTIONS

  total $238,206 · program services $33,945 · management and general $191,721 · fundraising $12,540

• 24b · Other expenses: DISTRIBUTION TO LIFE BE

  total $196,015 · management and general $196,015

• 24c · Other expenses: COMMUNICATIONS EXPENSE

  total $124,156 · program services $17,190 · management and general $77,234 · fundraising $29,732

• 24d · Other expenses: CREDIT CARD PROCESSING

  total $98,803 · management and general $98,803

• 24e · All other expenses

  total $97,248 · program services $35,729 · management and general $47,004 · fundraising $14,515

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $5,143,665 · end of year $5,682,095

• 2 · Savings and temporary cash investments

  beginning of year $5,973,681 · end of year $2,916,014

• 3 · Pledges and grants receivable

  beginning of year $38,079,219 · end of year $24,035,109

• 4 · Accounts receivable

  beginning of year $3,514,618 · end of year $4,171,192

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

  $43,883,002

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

  $24,170,625

• 10c · Land, buildings and equipment, net

  beginning of year $23,658,769 · end of year $19,712,377

• 11 · Investments: publicly traded securities

  beginning of year $363,290,020 · end of year $896,970,679

• 12 · Investments: other securities

  beginning of year $589,809,804 · end of year $200,642,499

• 15 · Other assets

  beginning of year $14,874,810 · end of year $14,523,158

• 17 · Accounts payable and accrued expenses

  beginning of year $4,894,338 · end of year $2,190,246

• 18 · Grants payable

  beginning of year $16,253,682 · end of year $33,619,107

• 19 · Deferred revenue

  beginning of year $164,217 · end of year $147,796

• 25 · Other liabilities

  beginning of year $72,166,462 · end of year $60,387,804

• 27 · Net assets without donor restrictions

  beginning of year $583,451,600 · end of year $618,408,595

• 28 · Net assets with donor restrictions

  beginning of year $367,414,287 · end of year $453,899,575

The filer's explanations (Part III)

PART I, LINE 1A

COMMUNITIES FOUNDATION OF TEXAS INC. PROVIDES REIMBURSEMENT OF GYM DUES TO EACH EMPLOYEE. THE MAXIMUM ANNUAL BENEFIT IS $1,300 PER PERSON AND IT IS TREATED AS TAXABLE COMPENSATION TO EACH PARTICIPATING EMPLOYEE.

PART I, LINE 4A

JOHN FITZPATRICK - SEVERANCE AGREEMENT FROM SEP 7 TO DEC 6, 2024 JOHN CHRISTOPHER COXON - SEVERANCE AGREEMENT FROM MAY 1 TO AUG 31, 2025 SEVERANCE AGREEMENT CONDITIONS GENERALLY INCLUDE RELEASES ON LIABILITY AND CONFIDENTIAL & PROPRIETARY INFORMATION, NON-DISPARAGEMENT & NON-SOLICITATION AGREEMENTS.

PART I, LINE 5

AN ORGANIZATION-WIDE INCENTIVE BONUS WAS BASED ON A TARGET FOR GIFT, GRANTS AND ACHIEVEMENT OF A TECHNOLOGY PROJECT.

PART I, LINE 7

AS PART OF THE ANNUAL PERFORMANCE EVALUATIONS, A BONUS PAYMENT MIGHT BE PAID TO ELIGIBLE EMPLOYEES. FOR OFFICERS, KEY EMPLOYEES, AND ALL OTHER STAFF, THESE PAYMENTS ARE DETERMINED BY THE PRESIDENT AND CEO, AND THOSE OVER $10,000 ARE REVIEWED BY THE BOARD. THE BONUS PAYMENT PAID TO THE PRESIDENT AND CEO IS DETERMINED BY THE BOARD OF TRUSTEES IN EXECUTIVE SESSION WHEN THE BOARD DETERMINES THE CEO'S COMPENSATION FOR THE FOLLOWING FISCAL YEAR. THE FOUNDATION ALSO PAYS A NOMINAL, ANNUAL HOLIDAY BONUS TO ALL EMPLOYEES BASED ON TENURE. THESE PAYMENTS ARE NOT MATERIAL TO THE OVERALL COMPENSATION PACKAGES.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• MEDALLION CENTER PARTNERS GP LLC

  REAL ESTATE MANAGEMENT · TX

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• EXPRESSWAY CENTRAL CONTROL CO

  C · REAL ESTATE MANAGEMENT · TX

• FLORIDA CENTRAL CONTROL

  C · REAL ESTATE MANAGEMENT · TX

• CHARITABLE REMAINDER TRUSTS (25)

  T · INVESTMENTS · TX