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Nonprofiteer
← SALESMANSHIP CLUB FOUNDATION

Form 990 for tax year 2022

Filed by SALESMANSHIP CLUB FOUNDATION.

Totals

Total revenue
$5,994,557
Total expenses
$8,048,188
Contributions and grants received
$29,175
Grants paid
$6,822,945
Program service revenue
$0
Investment income
$5,927,259
Other revenue
$38,123
Total assets, end of year
$163,612,190
Total liabilities, end of year
$53,732
Net assets or fund balances, end of year
$163,558,458
Program services expenses (Part IX)
$6,822,945
Management and general expenses
$1,225,243
Fundraising expenses
$0
Program service expenses (Part III)
$6,822,945

Program services were 84.8% 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

    $29,175

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $3,137,650 · excluded $3,137,650

  • 5 · Royalties

    total $38,123 · excluded $38,123

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $12,679,345

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

    securities $9,889,736

  • 7c · Gain or loss

    securities $2,789,609 · other assets $0

  • 7d · Net gain or loss

    total $2,789,609 · excluded $2,789,609

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $6,822,945 · program services $6,822,945

  • 11c · Fees: accounting

    total $25,123 · management and general $25,123

  • 11f · Fees: investment management

    total $643,578 · management and general $643,578

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $48,969 · management and general $48,969

  • 24a · Other expenses: OVERHEAD ALLOCATIONS

    total $504,244 · management and general $504,244

  • 24b · Other expenses: PROPERTY & INCOME TAXES

    total $3,329 · management and general $3,329

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $11,523,808 · end of year $693,219

  • 4 · Accounts receivable

    beginning of year $48 · end of year $148

  • 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

  • 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 $155,088,344 · end of year $162,165,493

  • 12 · Investments: other securities

    beginning of year $432,573 · end of year $435,826

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $289,573 · end of year $317,504

  • 17 · Accounts payable and accrued expenses

    beginning of year $50,475 · end of year $53,732

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $13,310 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $69,831,368 · end of year $68,317,326

  • 28 · Net assets with donor restrictions

    beginning of year $97,439,193 · end of year $95,241,132

Mission and programs · 2022

Mission

SUPPORT MOMENTOUS INSTITUTE AND THE SALESMANSHIP CLUB OF DALLAS TO PROMOTE THE EDUCATIONAL AND MENTAL HEALTH SERVICES FOR CHILDREN AND THEIR FAMILIES THROUGH AN AFFILIATED NON-PROFIT OPERATING CORPORATION. THE SALESMANSHIP CLUB OF DALLAS PROVIDES MOMENTOUS INSTITUTE WITH OPERATING FUNDS NECESSARY TO CARRY OUT OPERATIONS, AND ACTIVITIES OF ITS PROGRAMS AND FACILITY NEEDS.

Activities or mission (Part I)

SUPPORT MOMENTOUS INSTITUTE AND THE SALESMANSHIP CLUB OF DALLAS CHARITABLE AND EDUCATIONAL UNDERTAKINGS.

  • The Foundation is organized and operated to support the charitable and educational undertakings of Momentous Institute and Salesmanship Club of Dallas to receive, hold, manage, convey and dispose of property and invest funds donated or otherwise acquired. Momentous Institute is dedicated to innovative mental health services, education, and professional training to strengthen children, families, and communities. The organization partners with over 5,000 children and family members directly through innovative education and therapeutic services. Momentous Institute offers a range of therapeutic services, including individual, family and group therapies, and parent education. Using a strength-based approach, children and families are able to walk through trauma, conflict and other challenges. Momentous School provides pre-kindergarten, children ages 3 years old through fifth grade education to students, the majority of whom qualify for a free or reduced lunch. Momentous School uses a strengths-based approach to weave experiences in social emotional health with a rich curriculum. The organization also invests in research and training, including the annual Changing the Odds conference, to reach far more children than could ever be seen directly.

    Expenses $6,822,945 · Grants $6,822,945

As filed on the 2022 return.

Listed in Part VII

  • C PRICE WAGNER

    Secretary

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • PETER C CHILIAN

    CHAIRMAN (As of Nov 2022)

    Total calculated
    $0
    Hours/week
    1

  • PHILIP C KISTLER

    CHAIRMAN (partial year)

    Total calculated
    $0
    Hours/week
    1

  • STANLEY SHIPLEY

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • BLAKE CECIL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • GEORGE MORGAN III

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JAMES YODER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • JOHN R WAGNER

    Trustee (partial year)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • KURT STEVES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MARK GEHLBACH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MIKE HAGGERTY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SAMUEL S MOORE

    TRUSTEE (Partial Year)

    Total calculated
    $0
    Hours/week
    1

  • BRANDON BOOKER

    SR. DIRECTOR OF FINANCE

    Total calculated
    $97,918
    From this org
    $0
    From related orgs
    $79,864
    Other
    $18,054
    Hours/week
    4 + 28 related

  • TERI ISAACS

    EXECUTIVE DIRECTOR

    Total calculated
    $362,950
    From this org
    $0
    From related orgs
    $333,674
    Other
    $29,276
    Hours/week
    8 + 20 related

    Schedule J breakdown matched by us

    Base
    $0 + $291,174 related
    Bonus
    $0 + $30,000 related
    Other
    $0 + $12,500 related
    Deferred
    $0 + $17,525 related
    Nontaxable benefits
    $0 + $11,751 related
    Filer's total
    $0 + $362,950 related

  • LINDA JILEK

    CONTROLLER

    Total calculated
    $167,436
    From this org
    $0
    From related orgs
    $129,181
    Other
    $38,255
    Hours/week
    4 + 28 related

    Schedule J breakdown matched by us

    Base
    $0 + $129,181 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $8,641 related
    Nontaxable benefits
    $0 + $29,614 related
    Filer's total
    $0 + $167,436 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
  • 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

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
THE EXECUTIVE DIRECTOR IS AN EMPLOYEE OF A RELATED ENTITY. THEREFORE NO ANSWERS ARE SELECTED AT SCHEDULE J, PART I, LINE 3 -THE RELATED ORGANIZATION USES AN ANNUAL COMPENSATION SURVEY OF SIMILAR NON-PROFIT ORGANIZATIONS. THE SALARIES AND BENEFITS ARE COMPARED TO OTHER ORGANIZATIONS FOR REASONABLENESS. SUCH INFORMATION IS PRESENTED TO THE BOARD OF DIRECTORS. TOTAL SALARIES ARE REVIEWED BY THE FINANCE COMMITTEE AND APPROVED BY THE BOARD OF DIRECTORS.

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.

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.

  • SCF HOLDINGS LLC

    HOLDING COMPANY · TX · income $0 · assets $0

    Directly controlled by SALESMANSHIP CLUB FOUNDATION

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • SCF PROPERTIES LP

    Related · HOLDING COMPANY · TX · 99% owned · share of income $0 · share of assets $0 · general or managing partner

    Directly controlled by Salesmanship Club Foundation

Provenance

Return type
form_990
Tax year
2022
Filed
16 September 2024
IRS schema version
2022v5.0
Source object
202432609349300773

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