Skip to content
Nonprofiteer
← FIRST PRESBYTERIAN CHURCH OF DALLAS FOUNDATION

Form 990 for tax year 2024

Filed by FIRST PRESBYTERIAN CHURCH OF DALLAS FOUNDATION.

Totals

Total revenue
$4,087,880
Total expenses
$2,213,301
Contributions and grants received
$1,019,306
Grants paid
$1,978,155
Program service revenue
$0
Investment income
$3,064,264
Other revenue
$4,310
Total assets, end of year
$40,134,452
Total liabilities, end of year
$3,569,458
Net assets or fund balances, end of year
$36,564,994
Program services expenses (Part IX)
$1,978,155
Management and general expenses
$235,146
Fundraising expenses
$0
Program service expenses (Part III)
$1,978,155

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

    $1,019,306

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $1,075,072 · excluded $1,075,072

  • 5 · Royalties

    total $4,297 · excluded $4,297

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $23,737,368

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

    securities $21,748,176

  • 7c · Gain or loss

    securities $1,989,192 · other assets $0

  • 7d · Net gain or loss

    total $1,989,192 · excluded $1,989,192

  • 11a · Other revenue: Miscellaneous

    total $13 · excluded $13

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $13

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,938,755 · program services $1,938,755

  • 2 · Grants to domestic individuals

    total $39,400 · program services $39,400

  • 11b · Fees: legal

    total $2,702 · management and general $2,702

  • 11c · Fees: accounting

    total $8,296 · management and general $8,296

  • 11f · Fees: investment management

    total $137,532 · management and general $137,532

  • 11g · Fees: other

    total $67,381 · program services $0 · management and general $67,381 · fundraising $0

  • 13 · Office expenses

    total $838 · management and general $838

  • 24a · Other expenses: Taxes

    total $15,645 · management and general $15,645

  • 24e · All other expenses

    total $2,752 · program services $0 · management and general $2,752 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $199,913 · end of year $245,713

  • 2 · Savings and temporary cash investments

    beginning of year $609,285 · end of year $631,999

  • 3 · Pledges and grants receivable

    beginning of year $0

  • 4 · Accounts receivable

    beginning 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 $647,657 · end of year $3,947,393

  • 8 · Inventories for sale or use

    beginning of year $0

  • 9 · Prepaid expenses and deferred charges

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

  • 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 $35,290,442 · end of year $34,325,596

  • 12 · Investments: other securities

    beginning of year $90,500 · end of year $72,898

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $893,671 · end of year $908,353

  • 17 · Accounts payable and accrued expenses

    beginning of year $41,186 · end of year $53,448

  • 18 · Grants payable

    beginning of year $0

  • 19 · Deferred revenue

    beginning of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $870,265 · end of year $890,859

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $2,578,266 · end of year $2,625,151

  • 27 · Net assets without donor restrictions

    beginning of year $28,569,801 · end of year $31,542,753

  • 28 · Net assets with donor restrictions

    beginning of year $5,674,450 · end of year $5,022,241

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0

Mission and programs · 2024

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 THE FIRST PRESBYTERIAN CHURCH TO SUPPORT THE CHURCH'S MISSIONS AND MINISTRIES.

    Expenses $1,592,088 · Grants $1,592,088

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

    Expenses $346,667 · Grants $346,667

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

    Expenses $39,400 · Grants $39,400

As filed on the 2024 return.

Listed in Part VII

  • Alfred Martinez

    Secretary

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • Jeff Jones

    President

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • Leah Jordan

    2nd Vice President

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • Sharon King

    1st Vice President

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • Thella Bowens

    Treasurer

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • Ellen Pryor

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • Frances Knipp

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • Jim O'Bannon

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • Joan Mason

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • Julius Zsohar III

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • Katrina Welch

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • Lisa Baker

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • Lucy Scott

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • Rick Gilham

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 0.5 related

  • Stacy Cobb

    Trustee

    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 First Presbyterian Church of Dallas Foundation

Provenance

Return type
form_990
Tax year
2024
Filed
18 November 2025
IRS schema version
2024v5.1
Source object
202533219349324748

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.