Cause IQ organization profile

Communities Foundation of Texas

Communities Foundation of Texas is a community foundation based in Dallas, TX that was founded in 1960. As of 2018 they had $152 million in revenue and $661 million in assets.

The Foundation is committed to serving charitable needs both domestically and abroad through charitable grants and services at the discretion of the board of trustees. The foundation is committed to serving charitable needs both domestically and abroa...

EIN:

75-0964565

City:

State:

Website:

Facebook:

Founded:

1960

Type:

501(c)(3)

NTEE:

T31: Community foundations

Revenue:

$152,524,701

Assets:

$661,478,547

Employees:

117

Fiscal year end:

June

Revenue trends:

Asset trends:

Program areas at Communities Foundation of Texas

The Foundation achieved its primary purpose through numerous charitable grants and the provision of charitable services to support charitable needs both domestically and abroad. See the attached schedule f and schedule i.

North Texas giving day, launched in 2009 by cft, is the largest giving day in the nation. It is an online event dedicated to raising money for north Texas nonprofits. Bonus funds and prizes are provided by cft and other local foundations, corporations and individuals.

Educate Texas, a public-private initiative of Communities Foundation of Texas, is an innovative alliance of public and private groups that share a common goal improving the public education system so that every Texas student is prepared for success in school, in the workforce, and in life.

Form 990s for Communities Foundation of Texas

Fiscal year ending	Date received by IRS	Form	PDF link
2018-06	Jun 19, 2019	990	View PDF
2017-06	Sep 12, 2018	990	View PDF
2016-06	Aug 2, 2017	990	View PDF
2015-06	Jul 18, 2016	990	View PDF
2014-06	Mar 10, 2015	990	View PDF
...and four more Form 990 PDFs

Financials for Communities Foundation of Texas

Field	2018	2017	% Change
Federated campaigns	$0	$0
Membership dues	$0	$0
Fundraising event contributions	$0	$0
Related organizations	$13,777,586	$15,597,337	-11.7%
Government grants (contributions)	$0	$0
Normal grants, contributions, etc.	$109,160,868	$90,796,897	20.2%
<em>Non-cash contributions included in above</em>	$26,859,577	$15,126,450	77.6%
Total grants, contributions, etc.	$122,938,454	$106,394,234	15.5%

Field	2018	2017	% Change
Total grants, contributions, etc.	$122,938,454	$106,394,234	15.5%
Program services	$5,294,004	$4,453,695	18.9%
Investment income and dividends	$6,798,855	$6,423,786	5.8%
Tax-exempt bond proceeds	$0	$0
Royalty revenue	$415,457	$240,192	73.0%
Net rental income	$0	$88,270	-100%
Net gain from sale of non-inventory assets	$17,451,135	$21,703,446	-19.6%
Net income from fundraising events	$0	$0
Net income from gaming activities	$0	$0
Net income from sales of inventory	$0	$0
Miscellaneous revenues	$-373,204	$-444,158	16.0%
Total revenues	$152,524,701	$138,859,465	9.8%

Field	2018	2017	% Change
Grants to govts. and orgs. in USA	$111,145,755	$102,973,819	7.9%
Grants to individuals in USA	$802,882	$2,137,949	-62.4%
Grants to govts., orgs., and individuals outside USA	$165,000	$27,000	511.1%
Benefits paid to or for members	$0	$0
Compensation of current officers, etc.	$2,938,418	$2,514,583	16.9%
Compensation not included above, to disqualified persons	$0	$0
Non-officer salaries and wages	$6,795,662	$6,347,106	7.1%
Pension/retirement accruals and contributions	$414,098	$412,430	0.4%
Other employee benefits	$1,004,345	$968,327	3.7%
Payroll taxes	$612,960	$589,947	3.9%
Management fees	$0	$0
Legal fees	$77,454	$91,976	-15.8%
Accounting fees	$79,000	$154,104	-48.7%
Lobbying fees	$16,350	$33,415	-51.1%
Pro. fundraising fees	$0	$0
Investment mgmt fees	$164,203	$140,930	16.5%
Other fee-for-service	$4,422,113	$4,201,490	5.3%
Advertising and promotion	$438,190	$360,329	21.6%
Office expenses	$446,835	$326,524	36.8%
Information tech. expenses	$516,334	$183,961	180.7%
Royalty expenses	$0	$0
Occupancy	$695,006	$615,544	12.9%
Travel	$546,850	$879,969	-37.9%
Public official travel and entertainment	$0	$0
Conferences, meetings, etc.	$795,326	$570,447	39.4%
Interest	$0	$0
Payments to affiliates	$0	$0
Depreciation, amortization, etc.	$1,107,052	$1,276,402	-13.3%
Insurance	$138,830	$126,408	9.8%
All other expenses	$3,778,944	$4,600,290	-17.9%
Total expenses	$137,101,607	$129,532,950	5.8%

Field	2018	2017	% Change
Cash (non-interest-bearing)	$5,982,266	$6,379,733	-6.2%
Savings, short-term investments, etc.	$13,114,954	$12,951,002	1.3%
Pledges and grants receivable	$18,067,867	$14,774,022	22.3%
Accounts receivable	$1,374,736	$1,197,471	14.8%
Loans receivable from officers, directors, etc.	$0	$0
Loans receivable from other disqualified persons	$0	$0
Notes and loans receivable	$0	$0
Inventories for use	$0	$0
Prepaid expenses and deferred charges	$0	$0
Buildings, equipment, etc. post-depreciation	$24,469,979	$23,690,194	3.3%
Investments, publicly traded securities	$588,167,482	$556,738,878	5.6%
Investments, other securities	$2,449,197	$2,390,514	2.5%
Investments, program-related	$0	$0
Intangible assets	$0	$0
Other assets	$7,852,066	$7,814,657	0.5%
Total assets	$661,478,547	$625,936,471	5.7%

Field	2018	2017	% Change
Accounts payable and accrued expenses	$1,018,496	$1,653,665	-38.4%
Grants payable	$26,950,243	$23,835,784	13.1%
Deferred revenue	$281,158	$306,785	-8.4%
Tax-exempt bond liabilities	$0	$0
Escrow or custodial account liability	$0	$0
Loans payable to officers and disqualified persons	$0	$0
Secured mortgages and notes payable to unrelated third parties	$0	$0
Unsecured notes and loans payable to unrelated third parties	$0	$0
Other liabilities	$41,093,034	$38,747,788	6.1%
Total liabilities	$69,342,931	$64,544,022	7.4%

Field	2018	2017	% Change
Unrestricted net assets	$393,082,282	$374,323,106	5.0%
Temporarily restricted net assets	$194,671,185	$182,687,194	6.6%
Permanently restricted net assets	$4,382,149	$4,382,149

Vendors for Communities Foundation of Texas

Vendor	Services	Amount paid	Date
EventBrite	Fundraising software		2020-06-15
████████ ████████████	Software		2020-06-15
██████ ███	Software		2019-08-28
████ █████ ███	Tax accounting		2019-02-22
████████ ███ ███	Consulting	$289,802	2018-06-01
█████████ ███████	Consulting	$180,000	2018-06-01
████ ███ █████████ ███████████ █████	Construction	$1,524,738	2018-06-01
████ ██████ █████ ██████ ███	Consulting	$239,057	2018-06-01
...and two more vendors

Personnel at Communities Foundation of Texas

Name	Title	Compensation	Most recent data
David J. Scullin	President and Chief Executive Officer	$426,857	April 27, 2020
Beth Bull	Senior Vice President and Chief Financial Officer	-	April 27, 2020
█████ █████	Chief Investment Officer	$216,743	April 27, 2020
███████ ███████	Chief Information Officer	-	April 27, 2020
██████ █████ █████	Chief Relationship Officer	$204,502	April 27, 2020
█████ ██████ ██████	Chief Philanthropy Officer	$235,555	April 27, 2020
███████ █████	Chief North Texas Giving Day Officer	-	April 27, 2020
████ ██████	Vice President, Finance	-	April 27, 2020
███ █████	Managing Director, Finance	$175,011	April 27, 2020
██████ ████	Managing Director, Educate	$264,925	April 27, 2020
...and 26 more key personnel

Peer community foundations

	Name	Type	Revenue	Location
1	Austin Community Foundation	501(c)(3)	$57 million	Austin, TX
2	Community Foundation of North Texas (NTXCF)	501(c)(3)	$91 million	Fort Worth, TX
3	The Dallas Foundation	501(c)(3)	$71 million	Dallas, TX
4	Suzanne and Walter Scott Foundation	501(c)(3)	$104 million	Omaha, NE
5	Community Foundation of Louisville	501(c)(3)	$66 million	Louisville, KY
6	Hawaii Community Foundation	501(c)(3)	$65 million	Honolulu, HI
7	Philadelphia Foundation (PF)	501(c)(3)	$79 million	Philadelphia, PA
8	San Antonio Area Foundation	501(c)(3)	$49 million	San Antonio, TX
9	Greater Milwaukee Foundation (GMF)	501(c)(3)	$72 million	Milwaukee, WI
10	The Community Foundation of Sarasota	501(c)(3)	$50 million	Sarasota, FL
11	Community Foundation of Western North Carolina	501(c)(3)	$38 million	Asheville, NC
12	New Hampshire Charitable Foundation	501(c)(3)	$76 million	Concord, NH
13	The Dayton Foundation	501(c)(3)	$58 million	Dayton, OH
14	Kalamazoo Community Foundation	501(c)(3)	$40 million	Kalamazoo, MI
15	Jewish Community Foundation of Greater Metrowest New Jersey (JCF)	501(c)(3)	$88 million	Whippany, NJ
16	The Denver Foundation	501(c)(3)	$99 million	Denver, CO
17	Community Foundation for Southeast Michigan (CFSEM)	501(c)(3)	$97 million	Detroit, MI
18	The Boston Foundation (TBF)	501(c)(3)	$225 million	Boston, MA
19	George Kaiser Family Foundation (GKFF)	501(c)(3)	$275 million	Tulsa, OK
20	The Community Foundation	501(c)(3)	$61 million	Richmond, VA
21	Arizona Community Foundation	501(c)(3)	$129 million	Phoenix, AZ
22	Maine Community Foundation	501(c)(3)	$60 million	Ellsworth, ME
23	The Oregon Community Foundation	501(c)(3)	$129 million	Portland, OR
24	Rochester Area Community Foundation (RACF)	501(c)(3)	$39 million	Rochester, NY
25	University of Nebraska Foundation	501(c)(3)	$305 million	Lincoln, NE

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Cause IQ organization profile

Communities Foundation of Texas

Program areas at Communities Foundation of Texas

Form 990s for Communities Foundation of Texas

Financials for Communities Foundation of Texas

Vendors for Communities Foundation of Texas

Personnel at Communities Foundation of Texas

Peer community foundations

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