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Nonprofiteer
← COMMUNITY FOUNDATION OF NORTH TEXAS

Form 990 for tax year 2023

Filed by COMMUNITY FOUNDATION OF NORTH TEXAS.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2023 , filed 27 January 2025. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Both are the same on the two returns, so the amendment changed something else.

Totals

Total revenue
$86,329,351
Total expenses
$44,592,931
Contributions and grants received
$60,493,759
Grants paid
$35,219,917
Program service revenue
$2,799,251
Investment income
$22,846,609
Other revenue
$189,732
Total assets, end of year
$513,519,962
Total liabilities, end of year
$13,111,782
Net assets or fund balances, end of year
$500,408,180
Program services expenses (Part IX)
$41,869,348
Management and general expenses
$1,601,150
Fundraising expenses
$1,122,433
Program service expenses (Part III)
$41,869,348

Program services were 93.9% 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

    $60,493,759

  • 1g · Noncash contributions included above

    $37,905,197

  • 2a · Program service revenue: MANAGEMENT FEES

    total $2,799,251 · related or exempt $2,799,251

  • 3 · Investment income

    total $12,364,721 · excluded $12,364,721

  • 5 · Royalties

    total $97,369 · excluded $97,369

  • 7a · Gross sales of assets other than inventory

    securities $140,343,147

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

    securities $129,861,259

  • 7c · Gain or loss

    securities $10,481,888

  • 7d · Net gain or loss

    total $10,481,888 · excluded $10,481,888

  • 11a · Other revenue: MISCELLANOUS REVENUE

    total $96,752 · excluded $96,752

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

    total $90,866 · unrelated business $23,207 · excluded $67,659

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

    total $65,114 · unrelated business $7,515 · excluded $57,599

  • 11d · All other revenue

    total -$160,369 · unrelated business $108 · excluded -$160,477

  • 11e · Other revenue, total

    $92,363

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $34,524,919 · program services $34,524,919

  • 2 · Grants to domestic individuals

    total $439,998 · program services $439,998

  • 3 · Grants to foreign organizations and individuals

    total $255,000 · program services $255,000

  • 5 · Compensation of officers, directors and key employees

    total $1,092,108 · program services $175,776 · management and general $446,650 · fundraising $469,682

  • 7 · Other salaries and wages

    total $974,688 · program services $439,303 · management and general $318,064 · fundraising $217,321

  • 8 · Pension plan contributions

    total $39,079 · program services $11,630 · management and general $14,459 · fundraising $12,990

  • 9 · Other employee benefits

    total $123,167 · program services $36,655 · management and general $45,571 · fundraising $40,941

  • 10 · Payroll taxes

    total $158,314 · program services $47,115 · management and general $58,576 · fundraising $52,623

  • 11a · Fees: management

    total $2,767,506 · program services $2,767,506

  • 11b · Fees: legal

    total $49,968 · management and general $49,968

  • 11c · Fees: accounting

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

  • 11f · Fees: investment management

    total $1,221,477 · program services $1,221,477

  • 11g · Fees: other

    total $1,489,251 · program services $1,311,346 · management and general $177,905

  • 14 · Information technology

    total $3,148 · program services $3,148

  • 16 · Occupancy

    total $339,251 · program services $143,955 · management and general $111,462 · fundraising $83,834

  • 19 · Conferences, conventions and meetings

    total $33,533 · program services $13,544 · management and general $11,254 · fundraising $8,735

  • 22 · Depreciation, depletion and amortization

    total $27,350 · management and general $27,350

  • 23 · Insurance

    total $52,183 · program services $28,404 · management and general $23,779

  • 24a · Other expenses: TAXES

    total $244,879 · program services $244,879

  • 24b · Other expenses: DEVELOPMENT

    total $229,029 · program services $25,697 · management and general $25,697 · fundraising $177,635

  • 24c · Other expenses: MARKETING AND OUTSIDE P

    total $141,915 · program services $38,247 · management and general $58,733 · fundraising $44,935

  • 24d · Other expenses: BOARD AND STAFF DEVELOP

    total $138,820 · program services $88,862 · management and general $47,284 · fundraising $2,674

  • 24e · All other expenses

    total $215,848 · program services $51,887 · management and general $152,898 · fundraising $11,063

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $27,863,768 · end of year $13,222,760

  • 3 · Pledges and grants receivable

    beginning of year $3,380 · end of year $2,500

  • 4 · Accounts receivable

    beginning of year $106,573 · end of year $969,895

  • 7 · Other notes and loans receivable

    end of year $2,013,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $180,629 · end of year $100,545

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

    $216,835

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

    $110,117

  • 10c · Land, buildings and equipment, net

    beginning of year $114,537 · end of year $106,718

  • 11 · Investments: publicly traded securities

    beginning of year $409,295,213 · end of year $450,227,217

  • 12 · Investments: other securities

    beginning of year $14,423,157 · end of year $43,284,398

  • 15 · Other assets

    beginning of year $3,577,556 · end of year $3,592,929

  • 17 · Accounts payable and accrued expenses

    beginning of year $36,688 · end of year $33,345

  • 18 · Grants payable

    beginning of year $7,251,200 · end of year $5,979,000

  • 21 · Escrow or custodial account liability

    beginning of year $8,986,669 · end of year $5,645,860

  • 25 · Other liabilities

    beginning of year $1,668,552 · end of year $1,453,577

  • 27 · Net assets without donor restrictions

    beginning of year $394,150,224 · end of year $453,604,356

  • 28 · Net assets with donor restrictions

    beginning of year $43,471,480 · end of year $46,803,824

Mission and programs · 2023

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 2023. GRANTS AND SCHOLARSHIPS TOTALING OVER $35 MILLION HELPED A VARIETY OF ORGANIZATIONS FULFILL THEIR MISSIONS TO NORTH TEXAS AND OTHER AREAS. THE FOUNDATION AWARDED SCHOLARSHIPS TO 30 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 $41,869,348 · Grants $35,219,917 · Revenue $2,799,251

As filed on the 2023 return.

Listed in Part VII

  • DANIEL H MCCARTHY

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • STEPHANIE BRENTLINGER

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • CHARLES B MILLIKEN

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • JANEEN LAMKIN

    ASSISTANT TREASURER

    Total calculated
    $0
    Hours/week
    1

  • MEGGIE LOWY

    CORPORATE SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • SMITH A BROWNLIE III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • SAVANNAH PETRONIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • KEN SCHAEFER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • BENJAMIN SCHEFFLER

    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

  • ANNE HOLLAND

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • WINJIE TANG MIAO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • JEREMY SMITH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • ANETTE 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

  • ORLANDO CARVALHO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • 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
    $414,524
    From this org
    $355,986
    From related orgs
    $0
    Other
    $58,538
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $310,986
    Bonus
    $45,000
    Other
    $0
    Deferred
    $17,250
    Nontaxable benefits
    $12,019
    Filer's total
    $385,255

  • CHRISTOPHER WHITE

    CHIEF FINANCIAL OFFICER

    Total calculated
    $206,555
    From this org
    $165,805
    From related orgs
    $0
    Other
    $40,750
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $147,805
    Bonus
    $18,000
    Other
    $0
    Deferred
    $8,383
    Nontaxable benefits
    $11,993
    Filer's total
    $186,181

  • STAN NINEMIRE

    CHIEF INVESTMENT OFFICER

    Total calculated
    $127,787
    From this org
    $114,991
    From related orgs
    $0
    Other
    $12,796
    Hours/week
    40

  • MARGARET KRAMER

    DIRECTOR OF DONOR ENGAGEME

    Total calculated
    $229,676
    From this org
    $186,118
    From related orgs
    $0
    Other
    $43,558
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $168,230
    Bonus
    $17,888
    Other
    $0
    Deferred
    $9,695
    Nontaxable benefits
    $12,084
    Filer's total
    $207,897

  • AMANDA LEWIS

    DIRECTOR OF CHARITABLE GIF

    Total calculated
    $201,318
    From this org
    $181,458
    From related orgs
    $0
    Other
    $19,860
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $164,693
    Bonus
    $16,765
    Other
    $0
    Deferred
    $9,073
    Nontaxable benefits
    $857
    Filer's total
    $191,388

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
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202423199349313632

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

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