The Dallas Ec

Tax-deductible

Dallas, TX501(c)(3)UnclassifiedEIN 46-2835130

Encourage economic development in dallas by encouraging and equipping the entrepreneurial community to be one of the best startup ecosystems in the world.

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
Run by 805 volunteers and 11 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $31K a year · 1% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$411K
to officers and key staff · 13% of spending
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.9 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
7
named funders · $316K
Looks good: 7 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$3.4M
94% of total assets
Concern: liabilities are 94% of assets; over 80%.
Pt X · Ln 26
Independent board members
30
of 30 voting members
Looks good: 30 of 30 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.2M
+30% vs prior year
Spent
$3.2M
To programs
81%
Net assets
$212K
By yearFY2020–FY2024
Revenue
$3.2M
FY2024▲ +30%
Revenue by fiscal year
FY2020$1.5M
FY2021$1.5M
FY2022$2.2M
FY2023$2.4M
FY2024$3.2M
Expenses
$3.2M
FY2024▲ +31%
Expenses by fiscal year
FY2020$1.3M
FY2021$1.5M
FY2022$2.3M
FY2023$2.4M
FY2024$3.2M
Net assets
$212K
FY2024▲ +1.0%
Net assets by fiscal year
FY2020$350K
FY2021$376K
FY2022$192K
FY2023$210K
FY2024$212K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2014.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $2.6M Management & general 19% · $609K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

31 people listed on the 990; $411K paid to officers and key staff.

Part VII, Section A · reportable compensation
CEO and Director
$213,922Pt VII · Sec A
Key Employee
$101,442Pt VII · Sec A
$95,577Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
William J Chinn$213,922$196,173———
Bill J Chinn——$206,000$83,192$140,000
Latarsha D Hearns—$115,041———
Latarsha Hearns$101,442————
Kendall Kennedy$95,577————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See The Dallas Ec executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Fosters Dallas's startup ecosystem by empowering entrepreneurs for global success.

Provided by the organization

This section is blank until The Dallas Ec claims this page.

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1 program service account for $2.6M of program spending, described in the organization's own filed words · FY2024.
01

Providing offices, coworking spaces and equipment in order to encourge and equip the entrpreurial community to start, build and grow their businesses.

$2.6Mprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 7 funders →
Grants paid · 42 grants · $762K · 2022–2024
Cen-Tex Certified Development CorpFY2024$30,273
Women in Need of Generous SupportFY2024$15,454
Raise a Hood INCFY2024$15,000
Body Spring LLCFY2024$15,000
Limplar INCFY2024$12,500
The Tipsy BloomFY2024$10,000
MetrollaFY2024$10,000
Overtime Playcare LLCFY2024$7,000
Expressive Aromas LLCFY2024$6,500
Women in Need of Generous SupportFY2023$30,299
Cen-Tex Certified Development CorpFY2023$24,872
Lift Fund INCFY2023$22,489
Brotallion LLCFY2023$20,000
Veteran Women's Enterprise CenterFY2023$18,220
Suretys INCFY2023$15,000
Cheeza Pleeza LLCFY2023$15,000
See all 42 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$3.2M
Ln 12
Gifts and grantsLn 1h$2.4M
Fees for servicesLn 2g$807K
Other incomeLn 4–11$2K
Money outPt IX
$3.2M
Ln 25
Programscol B$2.6M
Managementcol C$609K
Owns and owesPt X
$212K
net assets · Ln 32
Cash and savingsLn 1–2$237K
Total assetsLn 16$3.6M
LiabilitiesLn 26$3.4M
PeoplePt VI, VII
31
listed · VII A
PaidVII A3
Voting boardVI 1a30
IndependentVI 1b30
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.4M
Fees for servicesLn 2g$807K
Other incomeLn 4–11$2K
Total revenueLn 12$3.2M
Assets in detailPt X, end of year
CashLn 1$237K
Cash and savings togetherLn 1–2$237K
Land, buildings, equipmentLn 10c$37K
Other assetsLn 15$343K
Total assetsLn 16$3.6M
LiabilitiesLn 26$3.4M
Net assetsLn 32$212K
OperationsPt I, VI
EmployeesI 511
VolunteersI 6805
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$235K$237K
Land, buildings, equipmentLn 10c$2K$37K
Total assetsLn 16$906K$3.6M
LiabilitiesLn 26$696K$3.4M
Net assetsLn 32$210K$212K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$325K$325K
Pay of current officers, directors and key staffLn 5$411K$329K$82K
Other salaries and wagesLn 7$410K$328K$82K
Other employee benefitsLn 9$34K$27K$7K
Payroll taxesLn 10$69K$56K$14K
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$24K$24K
Other fees for servicesLn 11g$258K$82K$176K
Advertising and promotionLn 12$42K$42K
Office expensesLn 13$47K$42K$4K
Information technologyLn 14$14K$14K
OccupancyLn 16$399K$399K
TravelLn 17$22K$6K$16K
Conferences, conventions and meetingsLn 19$408K$408K
InterestLn 20$141K$141K
Depreciation, depletion and amortizationLn 22$474K$427K$47K
InsuranceLn 23$6K$6K
Other expenses (24a–d)Ln 24$93K$59K$34K
Total functional expensesLn 25$3.2M$2.6M$609K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $3.2M$3.2M$2K$212K 990 PDF
FY2023 $2.4M$2.4M$17K$210K 990 PDF
FY2022 $2.2M$2.3M−$132K$192K 990 PDF
FY2021 $1.5M$1.5M$26K$376K 990 PDF
FY2020 $1.5M$1.3M$241K$350K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $3,179,879 across 6 lines filed
VIII-1b Membership dues$400,389
VIII-1f All other contributions, gifts and grants$1,970,478
VIII-1h Total contributions, gifts and grants$2,370,867
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $806,722$806,722
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,290$2,290
VIII-12 Total revenueRelated to mission $809,012 · Unrelated business $0 · Excluded from tax $0$3,179,879
Part IX · Statement of functional expenses $3,177,792 across 18 lines filed
IX-1 Grants to domestic organizationsPrograms $324,855$324,855
IX-5 Pay of current officers, directors and key staffPrograms $328,753 · Management $82,188$410,941
IX-7 Other salaries and wagesPrograms $327,765 · Management $81,941$409,706
IX-9 Other employee benefitsPrograms $26,898 · Management $6,725$33,623
IX-10 Payroll taxesPrograms $55,519 · Management $13,880$69,399
IX-11b Legal feesPrograms $1,556$1,556
IX-11c Accounting feesPrograms $24,411$24,411
IX-11g Other fees for servicesPrograms $81,893 · Management $175,716$257,609
IX-12 Advertising and promotionPrograms $41,613$41,613
IX-13 Office expensesPrograms $42,458 · Management $4,375$46,833
IX-14 Information technologyPrograms $14,300$14,300
IX-16 OccupancyPrograms $398,861$398,861
IX-17 TravelPrograms $5,758 · Management $15,934$21,692
IX-19 Conferences, conventions and meetingsPrograms $408,118$408,118
IX-20 InterestManagement $140,878$140,878
IX-22 Depreciation, depletion and amortizationPrograms $426,609 · Management $47,401$474,010
IX-23 InsuranceManagement $6,043$6,043
IX-24 Other expenses (24a–d)Programs $59,028 · Management $34,316$93,344
IX-25 Total functional expensesPrograms $2,568,395 · Management $609,397 · Fundraising $0$3,177,792
Part X · Balance sheet $3,638,054 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $235,297$237,457
X-3 Pledges and grants receivableStart of year $198,316$0
X-4 Accounts receivableStart of year $141,217$10,991
X-9 Prepaid expenses and deferred chargesStart of year $17,412$66,772
X-10c Land, buildings and equipment, netStart of year $1,843$37,408
X-14 Intangible assetsStart of year $291,204$2,942,490
X-15 Other assetsStart of year $21,191$342,936
X-16 Total assetsStart of year $906,480$3,638,054
X-17 Accounts payable and accrued expensesStart of year $148,644$87,553
X-19 Deferred revenueStart of year $99,500$900
X-25 Other liabilitiesStart of year $448,038$3,337,216
X-26 Total liabilitiesStart of year $696,182$3,425,669
X-27 Net assets without donor restrictionsStart of year $210,298$212,385
X-32 Total net assets or fund balancesStart of year $210,298$212,385
X-33 Total liabilities and net assetsStart of year $906,480$3,638,054
Part XI · Reconciliation of net assets $212,385 net assets at year end
XI-1 Total revenue$3,179,879
XI-2 Total expenses$3,177,792
XI-3 Revenue less expenses$2,087
XI-4 Net assets at start of year$210,298
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$212,385

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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