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Nonprofiteer
← COMMUNITY FOUNDATION OF NORTH TEXAS

Form 990 for tax year 2022

Filed by COMMUNITY FOUNDATION OF NORTH TEXAS.

Totals

Total revenue
$63,354,354
Total expenses
$51,107,326
Contributions and grants received
$39,375,849
Grants paid
$41,513,149
Program service revenue
$2,836,265
Investment income
$20,884,585
Other revenue
$257,655
Total assets, end of year
$455,564,813
Total liabilities, end of year
$17,943,109
Net assets or fund balances, end of year
$437,621,704
Program services expenses (Part IX)
$48,839,455
Management and general expenses
$1,268,305
Fundraising expenses
$999,566
Program service expenses (Part III)
$48,839,455

Program services were 95.6% 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

    $39,375,849

  • 1g · Noncash contributions included above

    $11,271,205

  • 2a · Program service revenue: MANAGEMENT FEES

    total $2,836,265 · related or exempt $2,836,265

  • 3 · Investment income

    total $9,857,211 · excluded $9,857,211

  • 5 · Royalties

    total $195,643 · excluded $195,643

  • 7a · Gross sales of assets other than inventory

    securities $161,516,426

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

    securities $150,489,052

  • 7c · Gain or loss

    securities $11,027,374

  • 7d · Net gain or loss

    total $11,027,374 · excluded $11,027,374

  • 11a · Other revenue: NET INCOME FROM PASSTHROUGH ENTIT

    total $389,834 · unrelated business $30,776 · excluded $359,058

  • 11b · Other revenue: MISCELLANOUS REVENUE

    total $65,172 · excluded $65,172

  • 11c · Other revenue: NET INCOME FROM PASSTHROUGH ENTIT

    total $24,427 · unrelated business $18,315 · excluded $6,112

  • 11d · All other revenue

    total -$417,421 · unrelated business $1,234 · excluded -$418,655

  • 11e · Other revenue, total

    $62,012

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $41,127,449 · program services $41,127,449

  • 2 · Grants to domestic individuals

    total $373,700 · program services $373,700

  • 3 · Grants to foreign organizations and individuals

    total $12,000 · program services $12,000

  • 5 · Compensation of officers, directors and key employees

    total $1,033,928 · program services $312,242 · management and general $378,009 · fundraising $343,677

  • 7 · Other salaries and wages

    total $936,599 · program services $278,732 · management and general $346,541 · fundraising $311,326

  • 8 · Pension plan contributions

    total $37,604 · program services $11,191 · management and general $13,913 · fundraising $12,500

  • 9 · Other employee benefits

    total $113,536 · program services $33,787 · management and general $42,009 · fundraising $37,740

  • 10 · Payroll taxes

    total $152,492 · program services $45,382 · management and general $56,422 · fundraising $50,688

  • 11a · Fees: management

    total $2,798,695 · program services $2,798,695

  • 11b · Fees: legal

    total $7,863 · management and general $7,863

  • 11c · Fees: accounting

    total $31,500 · management and general $31,500

  • 11f · Fees: investment management

    total $1,264,868 · program services $1,260,322 · management and general $4,546

  • 11g · Fees: other

    total $2,071,174 · program services $2,032,869 · management and general $38,305

  • 14 · Information technology

    total $8,699 · program services $1,740 · fundraising $6,959

  • 16 · Occupancy

    total $297,646 · program services $126,125 · management and general $97,964 · fundraising $73,557

  • 19 · Conferences, conventions and meetings

    total $24,753 · program services $9,998 · management and general $8,307 · fundraising $6,448

  • 22 · Depreciation, depletion and amortization

    total $23,599 · management and general $23,599

  • 23 · Insurance

    total $63,776 · program services $55,499 · management and general $8,277

  • 24a · Other expenses: TAXES

    total $9,294 · program services $9,294

  • 24b · Other expenses: BOARD AND STAFF DEVELOP

    total $234,744 · program services $215,726 · management and general $16,705 · fundraising $2,313

  • 24c · Other expenses: DEVELOPMENT

    total $170,687 · program services $41,225 · management and general $29,091 · fundraising $100,371

  • 24d · Other expenses: MARKETING AND OUTSIDE P

    total $135,555 · program services $41,706 · management and general $52,834 · fundraising $41,015

  • 24e · All other expenses

    total $177,165 · program services $51,773 · management and general $112,420 · fundraising $12,972

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $31,033,192 · end of year $27,863,768

  • 3 · Pledges and grants receivable

    beginning of year $2,216 · end of year $3,380

  • 4 · Accounts receivable

    beginning of year $136,330 · end of year $106,573

  • 9 · Prepaid expenses and deferred charges

    beginning of year $34,163 · end of year $180,629

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

    $252,722

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

    $138,185

  • 10c · Land, buildings and equipment, net

    beginning of year $104,143 · end of year $114,537

  • 11 · Investments: publicly traded securities

    beginning of year $477,335,627 · end of year $409,295,213

  • 12 · Investments: other securities

    beginning of year $9,406,145 · end of year $14,423,157

  • 15 · Other assets

    beginning of year $2,474,182 · end of year $3,577,556

  • 17 · Accounts payable and accrued expenses

    beginning of year $21,163 · end of year $36,688

  • 18 · Grants payable

    beginning of year $2,400,000 · end of year $7,251,200

  • 21 · Escrow or custodial account liability

    beginning of year $13,275,703 · end of year $8,986,669

  • 25 · Other liabilities

    beginning of year $0 · end of year $1,668,552

  • 27 · Net assets without donor restrictions

    beginning of year $453,936,296 · end of year $394,150,224

  • 28 · Net assets with donor restrictions

    beginning of year $50,892,836 · end of year $43,471,480

Mission and programs · 2022

Mission

TO STRENGTHEN THE COMMUNITY THROUGH CIVIC LEADERSHIP AND TO ENCOURAGE PHILANTHROPY BY PROVIDING COMMUNITY KNOWLEDGE AND RELIABLE STEWARDSHIP TO THOSE WHO WISH TO FULFILL THEIR CHARITABLE GOALS IN A MEANINGFUL WAY--EITHER DURING OR BEYOND THEIR LIFETIMES.

  • COMMUNITY FOUNDATION OF NORTH TEXAS (CFNTX) EXTENDED RESOURCES TO OVER 852 AREA NON-PROFITS IN 2022. GRANTS AND SCHOLARSHIPS TOTALING OVER $41 MILLION HELPED A VARIETY OF ORGANIZATIONS FULFILL THEIR MISSIONS TO NORTH TEXAS AND OTHER AREAS. THE FOUNDATION AWARDED SCHOLARSHIPS TO 37 STUDENTS FOR UNIVERSITY EDUCATION. THE FOUNDATION AWARDS GRANTS FROM ITS VARIOUS FIELDS OF INTEREST AND UNRESTRICTED ENDOWMENTS; IN ADDITION, THROUGH DESIGNATED AND DONOR ADVISED FUNDS, THE FOUNDATION AWARDS GRANTS TO PUBLIC CHARITIES AND GOVERNMENTAL ENTITIES LOCALLY, STATEWIDE AND NATIONALLY ACCORDING TO THE CHARITABLE INTERESTS AND CONCERNS OF THE FUNDHOLDERS.

    Expenses $48,839,455 · Grants $41,513,149 · Revenue $2,836,265

As filed on the 2022 return.

Listed in Part VII

  • Stewart Alcorn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Anne Holland

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Daniel H McCarthy

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Buddy Puente

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Stephanie Brentlinger

    CORP. SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Smith A Bownie III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Robert I Fernandez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Michael S Malloy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Erika Beltran

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Horatio Porter

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Robert Holt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Kelly Hanley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Allen Hodges

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Adelaide Leavens

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Charles B Milliken

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Orlando Carvalho

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Janeen Lamkin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Jeremy Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Annette Landeros

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Ann Lopez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Joe Taylor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Maggie Lowy

    ASSISTANT TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Phillip W McCrury

    CHAIRMAN EMERITUS - NON VO

    Total calculated
    $0
    Hours/week
    0.5

  • Alfred Saenz

    CHAIRMAN EMERITUS - NON VO

    Total calculated
    $0
    Hours/week
    0.5

  • James B Demoss

    CHAIRMAN EMERITUS - NON VO

    Total calculated
    $0
    Hours/week
    0.5

  • Rose Bradshaw

    PRESIDENT

    Total calculated
    $362,993
    From this org
    $336,286
    From related orgs
    $0
    Other
    $26,707
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $336,286
    Bonus
    $0
    Other
    $0
    Deferred
    $15,250
    Nontaxable benefits
    $11,457
    Filer's total
    $362,993

  • Christopher White

    CHIEF FINANCIAL OFFICER

    Total calculated
    $174,695
    From this org
    $155,718
    From related orgs
    $0
    Other
    $18,977
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,718
    Bonus
    $0
    Other
    $0
    Deferred
    $7,584
    Nontaxable benefits
    $11,393
    Filer's total
    $174,695

  • Stan Ninemire

    CHIEF INVESTMENT OFFICER

    Total calculated
    $122,691
    From this org
    $106,032
    From related orgs
    $0
    Other
    $16,659
    Hours/week
    40

  • Margaret Kramer

    DIRECTOR OF DONOR ENGAGEMENT

    Total calculated
    $189,178
    From this org
    $169,200
    From related orgs
    $0
    Other
    $19,978
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $169,200
    Bonus
    $0
    Other
    $0
    Deferred
    $8,585
    Nontaxable benefits
    $11,393
    Filer's total
    $189,178

  • Amanda Lewis

    DIRECTOR OF CHARITABLE GIFT PLANNING

    Total calculated
    $184,370
    From this org
    $174,478
    From related orgs
    $0
    Other
    $9,892
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $174,478
    Bonus
    $0
    Other
    $0
    Deferred
    $9,111
    Nontaxable benefits
    $781
    Filer's total
    $184,370

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

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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

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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202343189349304699

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

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