Totals
- Total revenue
- $725,082
- Total expenses
- $809,002
- Contributions and grants received
- $622,766
- Grants paid
- $3,390
- Program service revenue
- $102,316
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $114,612
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $114,612
- Program services expenses (Part IX)
- $731,149
- Management and general expenses
- $77,853
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $731,149
Program services were 90.4% 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.
-
1e · Government grants (contributions)
$500,000
-
1f · All other contributions, gifts and grants
$122,766
-
2a · Program service revenue: program income
total $102,316 · related or exempt $102,316
-
3 · Investment income
total $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $3,390 · program services $3,390
-
2 · Grants to domestic individuals
total $0
-
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 $117,397 · program services $82,178 · management and general $35,219
-
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 $36,980 · program services $25,886 · management and general $11,094
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $11,531 · management and general $11,531
-
11c · Fees: accounting
total $6,000 · management and general $6,000
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $282,031 · program services $281,798 · management and general $233
-
12 · Advertising and promotion
total $141,273 · program services $141,273
-
13 · Office expenses
total $12,326 · program services $8,278 · management and general $4,048
-
14 · Information technology
total $3,948 · program services $2,764 · management and general $1,184
-
15 · Royalties
total $0
-
16 · Occupancy
total $6,150 · program services $4,305 · management and general $1,845
-
17 · Travel
total $57,031 · program services $57,031
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $539 · program services $377 · management and general $162
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $2,450 · program services $1,715 · management and general $735
-
24a · Other expenses: EVENT EXPENSES
total $108,617 · program services $108,617
-
24b · Other expenses: MEMBERSHIP AND DUES
total $15,069 · program services $10,548 · management and general $4,521
-
24c · Other expenses: ENTERTAINMENT
total $3,607 · program services $2,525 · management and general $1,082
-
24d · Other expenses: Postage and Shipping
total $396 · program services $277 · management and general $119
-
24e · All other expenses
total $267 · program services $187 · management and general $80
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $198,532 · end of year $114,612
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
27 · Net assets without donor restrictions
beginning of year $198,532 · end of year $114,612
Mission and programs · 2024
Mission
Entrepreneurs are the driving force behind the future; with proper support, that future can be realized even more rapidly. To support this, we established The Founders Arena (TFA), a ground-breaking public-private initiative based in Arlington, Texas, dedicated to co-creating the future of wealth management. Launched in September 2023, the WealthTech Accelerator supports startups at the forefront of revolutionizing the wealth management industry. This commitment to advancing innovation extends beyond WealthTech, driving local development and fostering innovation throughout the City of Arlington and North Texas.
Activities or mission (Part I)
Based in Arlington, Texas, The Founders Arena's mission is to foster WealthTech innovation through a public-private initiative with the City of Arlington that supports early-growth stage startups as they look to scale revenue and drive greater impact.
-
Launched in June 2023, The Founders Arena is the worlds first and only nonprofit WealthTech Growth Strategy Accelerator. Headquartered in Arlington, Texas, TFA has quickly built a global reputation for curating the most promising post-revenue startups and connecting them directly with investors, financial institutions, and strategic partners.In 2024, TFA expanded beyond its early success with Cohorts IIV, sourcing companies from the U.S., Europe, Asia, and the Middle East. Already, four cohort companies have successfully exited, validating TFAs selection methodology and global reach. With strategic backing from corporate partners and institutional collaborators, TFA now sits at the center of an international WealthTech network.Beyond the cohorts, 2024 brought a series of sold-out activations, including the Arlington WealthTech Summit, curated founder-investor dinners, and university collaborations. These programs reflect TFAs commitment not only to WealthTech growth but also to community impact and innovation across North Texas.Looking ahead, TFA is building toward a 2026 Arlington Innovation Hub, in partnership with Plug and Play and Morningstar, aligning with global events like the Grand Prix. With an expanding pipeline, board growth, and a forthcoming for-profit companion structure (TFA Ventures), TFA is positioning Arlington as a premier hub for WealthTech and innovation worldwide.
Expenses $731,149 · Grants $3,390 · Revenue $102,316
As filed on the 2024 return.
Listed in Part VII
-
Pam CytronPAM CYTRON
President
- Total calculated
- $120,000
- From this org
- $120,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Jennifer FoxJENNIFER FOX
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Marshall SmithMARSHALL SMITH
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Gary WalkerGARY WALKER
Director
- Total calculated
- $0
- Hours/week
- 1
-
Hamza QadirHAMZA QADIR
Director
- Total calculated
- $0
- Hours/week
- 1
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 17 October 2025
- IRS schema version
- 2024v5.2
- Source object
- 202502909349301010
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