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Nonprofiteer
← FIRST PRESBYTERIAN CHURCH OF DALLAS FOUNDATION

Form 990 for tax year 2022

Filed by FIRST PRESBYTERIAN CHURCH OF DALLAS FOUNDATION.

Totals

Total revenue
$550,868
Total expenses
$1,773,599
Contributions and grants received
$61,053
Grants paid
$1,586,370
Program service revenue
$0
Investment income
$361,025
Other revenue
$128,790
Total assets, end of year
$33,547,098
Total liabilities, end of year
$3,308,113
Net assets or fund balances, end of year
$30,238,985
Program services expenses (Part IX)
$1,586,370
Management and general expenses
$187,229
Fundraising expenses
$0
Program service expenses (Part III)
$1,586,370

Program services were 89.4% 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

    $61,053

  • 3 · Investment income

    total $997,081 · excluded $997,081

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $13,790 · excluded $13,790

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $11,757,204

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

    securities $12,393,260

  • 7c · Gain or loss

    securities -$636,056

  • 7d · Net gain or loss

    total -$636,056 · excluded -$636,056

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: Other Income

    total $115,000 · excluded $115,000

  • 11e · Other revenue, total

    $115,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,554,070 · program services $1,554,070

  • 2 · Grants to domestic individuals

    total $32,300 · program services $32,300

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $20,900 · management and general $20,900

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $135,794 · management and general $135,794

  • 11g · Fees: other

    total $25,029 · management and general $25,029

  • 12 · Advertising and promotion

    total $1,466 · management and general $1,466

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $3,269 · management and general $3,269

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $0

  • 24a · Other expenses: .

    total $0

  • 24b · Other expenses: .

    total $0

  • 24c · Other expenses: .

    total $0

  • 24d · Other expenses: .

    total $0

  • 24e · All other expenses

    total $771 · management and general $771

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $54,765 · end of year $191,312

  • 2 · Savings and temporary cash investments

    beginning of year $449,624 · end of year $770,098

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $21,523 · 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 $2,315 · end of year $1,253

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,500 · end of year $2,500

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $34,549,747 · end of year $31,678,976

  • 12 · Investments: other securities

    beginning of year $5,610,129 · end of year $90,500

  • 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 $0 · end of year $812,459

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $1,690

  • 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 $884,935 · end of year $748,540

  • 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 $2,542,051 · end of year $2,557,883

  • 27 · Net assets without donor restrictions

    beginning of year $32,323,767 · end of year $25,143,671

  • 28 · Net assets with donor restrictions

    beginning of year $4,939,850 · end of year $5,095,314

Mission and programs · 2022

Mission

THE FOUNDATION'S MISSION IS TO SUPPORT THE PROGRAMS OF FIRST PRESBYTERIAN CHURCH AND OTHER PRESBYTERIAN MINISTRIES AND CAUSES.

Activities or mission (Part I)

SUPPORTING THE PROGRAMS OF FIRST PRESBYTERIAN CHURCH AND OTHER PRESBYTERIAN MINISTRIES AND CAUSES.

  • FUNDS WERE PROVIDED TO OTHER CHARITABLE ORGANIZATIONS TO SUPPORT THE NEEDY AND OTHER RELIGIOUS OUTREACH IN THE COMMUNITY.

    Expenses $115,756 · Grants $115,756

  • FUNDS WERE PROVIDED TO THE FIRST PRESBYTERIAN CHURCH TO SUPPORT THE CHURCH'S MISSIONS AND MINISTRIES.

    Expenses $1,438,314 · Grants $1,438,314

  • FUNDS WERE PROVIDED TO SUPPORT STUDENTS SELECTED FROM COMMITTEE FOR STUDENTS WITH FINANCIAL NEED AND VALUES ALIGNED.

    Expenses $32,300 · Grants $32,300

As filed on the 2022 return.

Listed in Part VII

  • Ernie R Higginbotham

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1.2 + 0.5 related

  • Jeff Jones

    FIRST VP / ASST TREASURER

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • Lisa Baker

    SECOND VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • Mickey Bonesio

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • Amy Aamold

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Larry Pease

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • Stacy Cobb

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • Kelly Boyington

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • Rick Gillham

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • Frances Knipp

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • Alfred Martinez

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • Joan Mason

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • Ellen Pryor

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • Lucy Scott

    trustee

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • Mark Haley

    Treasurer

    Total calculated
    $0
    Hours/week
    1 + 0.5 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.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • 7226 CENTENARY LLC

    NR OWNERSHIP · TX · income $0 · assets $0

    Directly controlled by FPCD FND

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202333199349324258

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