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.
37¢ of each $1 spent went to programs.
$140K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
37%
of spending
Concern: 37% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$140K
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
8 mo
of spending, in cash
Looks good: 7.9 months of spending in cash; 3 or more.
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
$499K
59% of total assets
Fine: liabilities are 59% of assets; 50% to 65%.
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
$1.5M
Spent
$1.3M
To programs
37%
Net assets
$350K
By yearFY2020–FY2024
Revenue
$1.5M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$1.5M
FY2021$1.5M
FY2022$2.2M
FY2023$2.4M
FY2024$3.2M
Expenses
$1.3M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.3M
FY2021$1.5M
FY2022$2.3M
FY2023$2.4M
FY2024$3.2M
Net assets
$350K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$350K
FY2021$376K
FY2022$192K
FY2023$210K
FY2024$212K

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

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

37 cents of each dollar spent went to programs.

Program services 37% · $467K Management & general 63% · $797K

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

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Who runs it and what they're paid

29 people listed on the 990; $140K paid to officers and key staff.

Part VII, Section A · reportable compensation
CEO and Director
$140,000Pt VII · Sec A
Director & Chairman of Mktg
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$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.

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Provided by the organization

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1 program · $467K · in their own filed words · FY2020
01

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

$467Kprogram expense

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 FY2020 990, line by line.

1The main four
Money inPt VIII
$1.5M
Ln 12
Gifts and grantsLn 1h$1.5M
Fees for servicesLn 2g$2K
Money outPt IX
$1.3M
Ln 25
Programscol B$467K
Managementcol C$797K
Owns and owesPt X
$350K
net assets · Ln 32
Cash and savingsLn 1–2$829K
Total assetsLn 16$849K
LiabilitiesLn 26$499K
PeoplePt VI, VII
29
listed · VII A
PaidVII A1
Voting boardVI 1a30
IndependentVI 1b30
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.5M
Fees for servicesLn 2g$2K
Total revenueLn 12$1.5M
Assets in detailPt X, end of year
CashLn 1$829K
Cash and savings togetherLn 1–2$829K
Land, buildings, equipmentLn 10c$530
Total assetsLn 16$849K
LiabilitiesLn 26$499K
Net assetsLn 32$350K
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 FY20End FY20
Cash and savingsLn 1–2$520K$829K
Land, buildings, equipmentLn 10c$1K$530
Total assetsLn 16$563K$849K
LiabilitiesLn 26$455K$499K
Net assetsLn 32$109K$350K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$489K$489K
Other employee benefitsLn 9$12K$12K
Payroll taxesLn 10$36K$36K
Legal feesLn 11b$6K$6K
Accounting feesLn 11c$12K$12K
Other fees for servicesLn 11g$273K$51K$222K
Advertising and promotionLn 12$58K$58K
Office expensesLn 13$13K$13K
Information technologyLn 14$38K$38K
OccupancyLn 16$25K$25K
TravelLn 17$642$642
Conferences, conventions and meetingsLn 19$10K$10K
Payments to affiliatesLn 21$8K$8K
Depreciation, depletion and amortizationLn 22$4K$4K
InsuranceLn 23$546$546
Other expenses (24a–d)Ln 24$250K$240K$10K
All other expensesLn 24e$30K$5K$25K
Total functional expensesLn 25$1.3M$467K$797K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $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 Viewing $1.5M$1.3M$241K$350K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $1,505,186 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,162,399$1,503,114
I-9 Program service revenuePrior year $29,030$2,072
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,191,429$1,505,186
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $338,069$536,385
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $870,117$727,334
I-18 Total expensesPrior year $1,208,186$1,263,719
I-19 Revenue less expensesPrior year −$16,757$241,467
Part VI · Governance 30 of 30 board members independent, 4 to look at
VI-1a Voting members of the governing body30
VI-1b Independent voting members30
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $1,505,186 across 5 lines filed
VIII-1b Membership dues$80,697
VIII-1f All other contributions, gifts and grants$1,422,417
VIII-1h Total contributions, gifts and grants$1,503,114
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,072$2,072
VIII-12 Total revenueRelated to mission $2,072 · Unrelated business $0 · Excluded from tax $0$1,505,186
Part IX · Statement of functional expenses $1,263,719 across 17 lines filed
IX-7 Other salaries and wagesManagement $489,204$489,204
IX-9 Other employee benefitsManagement $11,607$11,607
IX-10 Payroll taxesManagement $35,574$35,574
IX-11b Legal feesPrograms $6,470$6,470
IX-11c Accounting feesPrograms $12,120$12,120
IX-11g Other fees for servicesPrograms $51,453 · Management $221,718$273,171
IX-12 Advertising and promotionPrograms $58,168$58,168
IX-13 Office expensesPrograms $12,991$12,991
IX-14 Information technologyPrograms $37,814$37,814
IX-16 OccupancyPrograms $24,535$24,535
IX-17 TravelPrograms $642$642
IX-19 Conferences, conventions and meetingsPrograms $9,541$9,541
IX-21 Payments to affiliatesPrograms $7,976$7,976
IX-22 Depreciation, depletion and amortizationManagement $3,501$3,501
IX-23 InsuranceManagement $546$546
IX-24 Other expenses (24a–d)Programs $239,862 · Management $9,888$249,750
IX-24e All other expensesPrograms $5,012 · Management $25,097$30,109
IX-25 Total functional expensesPrograms $466,584 · Management $797,135 · Fundraising $0$1,263,719
Part X · Balance sheet $849,383 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $520,473$828,570
X-4 Accounts receivableStart of year $41,750$20,283
X-10c Land, buildings and equipment, netStart of year $1,265$530
X-16 Total assetsStart of year $563,488$849,383
X-17 Accounts payable and accrued expensesStart of year $4,667$34,179
X-25 Other liabilitiesStart of year $450,000$464,915
X-26 Total liabilitiesStart of year $454,667$499,094
X-27 Net assets without donor restrictionsStart of year $108,821$158,089
X-28 Net assets with donor restrictions$192,200
X-32 Total net assets or fund balancesStart of year $108,821$350,289
X-33 Total liabilities and net assetsStart of year $563,488$849,383
Part XI · Reconciliation of net assets $350,289 net assets at year end
XI-1 Total revenue$1,505,186
XI-2 Total expenses$1,263,719
XI-3 Revenue less expenses$241,467
XI-4 Net assets at start of year$108,821
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$350,289

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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