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Nonprofiteer
← DALLAS MOMENTUM INC

Form 990 for tax year 2023

Filed by DALLAS MOMENTUM INC.

Totals

Total revenue
$3,342,724
Total expenses
$3,214,189
Contributions and grants received
$3,342,724
Grants paid
$2,860,000
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$177,823
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$177,823
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$0

Listed in Part VII

  • BOB PRAGADA

    DRC Immediate Past Chair 2022

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • CYNT MARSHALL

    drc CHAIR ELECT 2024

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • DALE PETROSKEY

    PRESIDENT

    Total calculated
    $1,006,342
    From this org
    $0
    From related orgs
    $625,224
    Other
    $381,118
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $415,396 related
    Bonus
    $0 + $207,618 related
    Other
    $0 + $2,210 related
    Deferred
    $0 + $348,446 related
    Nontaxable benefits
    $0 + $32,672 related
    Filer's total
    $0 + $1,006,342 related

  • RAFAEL LIZARDI

    drc CHAIRPERSON OF THE BOARD

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • RAY SEDEY

    DRC BOARD SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • ANGELA FARLEY

    TREASURER

    Total calculated
    $517,948
    From this org
    $0
    From related orgs
    $378,964
    Other
    $138,984
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $281,186 related
    Bonus
    $0 + $96,488 related
    Other
    $0 + $1,290 related
    Deferred
    $0 + $118,723 related
    Nontaxable benefits
    $0 + $20,261 related
    Filer's total
    $0 + $517,948 related

  • LATOSHA HERRON-BRUFF

    BOARD SECRETARY

    Total calculated
    $284,191
    From this org
    $0
    From related orgs
    $211,083
    Other
    $73,108
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $171,936 related
    Bonus
    $0 + $38,500 related
    Other
    $0 + $647 related
    Deferred
    $0 + $46,342 related
    Nontaxable benefits
    $0 + $26,766 related
    Filer's total
    $0 + $284,191 related

  • MICHAEL ROSA

    VICE-PRESIDENT

    Total calculated
    $344,138
    From this org
    $0
    From related orgs
    $266,115
    Other
    $78,023
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $216,235 related
    Bonus
    $0 + $47,900 related
    Other
    $0 + $1,980 related
    Deferred
    $0 + $57,146 related
    Nontaxable benefits
    $0 + $20,877 related
    Filer's total
    $0 + $344,138 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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

Schedule J, Part I, Line 3 EXECUTIVE COMPENSATION REVIEW
DALLAS MOMENTUM, INC. HAS NO EMPLOYEES. THE OFFICERS AND KEY EMPLOYEES LISTED ARE EMPLOYEES OF THE DALLAS REGIONAL CHAMBER, A RELATED ORGANIZATION. THE DALLAS REGIONAL CHAMBER MAINTAINS A POLICY REQUIRING ANNUAL REVIEWS OF KEY EXECUTIVE'S COMPENSATION BY THE DALLAS REGIONAL CHAMBER'S EXECUTIVE COMMITTEE. COMPENSATION DECISIONS FOR THESE INDIVIDUALS ARE ASSISTED BY: - INDEPENDENT COMPENSATION CONSULTANT - OTHER ORGANIZATION'S MARKET DATA FROM FORM 990S - COMPENSATION SURVEYS OR STUDIES - REVIEW AND APPROVAL BY THE DALLAS REGIONAL CHAMBER'S COMPENSATION AND EXECUTIVE COMMITTEES
Schedule J, Part II, Column (C) RETIREMENT AND OTHER DEFERRED COMPENSATION
SOME AMOUNTS IN THIS COLUMN ARE DUE TO BONUSES THAT WERE DEFERRED IN TAX YEAR 2023. THE DEFERRED BONUSES WILL BE REPORTED IN COLUMN B(II) AND COLUMN F WHEN THEY ARE PAID IN TAX YEAR 2024. THE DEFERRED BONUSES FROM TAX YEAR 2022 ARE CURRENTLY BEING REPORTED IN COLUMN B(II) AND COLUMN F.

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
2023
Filed
6 November 2024
IRS schema version
2023v5.1
Source object
202423119349300302

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