3 to 1 Foundation

Tax-deductible

Plano, TX501(c)(3)Foundations & GrantmakersEIN 75-2731283

To serve the community by providing financial seminars and tools for budgeting, financial goal setting, debt management, investment basics, wealth accumulation and wealth management. To provide need & academic-based scholarships for college students. Over the past 2-3 years the organization has add more financial education initiatives in elementary & middle schools; and disd magnet high schools.

501(c)(3) charity; gifts are tax-deductible.
71¢ of each $1 spent went to programs.
Run by 75 volunteers and 3 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 $42K a year · 24% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
71%
of spending
Fine: 71% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$62K
to officers and key staff · 44% of spending
Top officer’s pay higher than 59% of similar orgs
Concern: pay to officers and key staff is 44% of spending; over 30%.
Pt VII · Sec A
Cash reserves
10 mo
of spending, in cash
Looks good: 9.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $23K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$571
0.04% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
16
of 17 voting members
Looks good: 16 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$247K
-9% vs prior year
Spent
$140K
To programs
71%
Net assets
$1.3M
By yearFY2020–FY2024
Revenue
$247K
FY2024▼ -9%
Revenue by fiscal year
FY2020$80K
FY2021$119K
FY2022$149K
FY2023$271K
FY2024$247K
Expenses
$140K
FY2024▲ +15%
Expenses by fiscal year
FY2020$176K
FY2021$104K
FY2022$117K
FY2023$122K
FY2024$140K
Net assets
$1.3M
FY2024▲ +9%
Net assets by fiscal year
FY2020$1.0M
FY2021$1.0M
FY2022$1.1M
FY2023$1.2M
FY2024$1.3M

From the FY2024 Form 990 (year ending November 2024) · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1998.

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

Where the money goes

71 cents of each dollar spent went to programs.

Program services 71% · $99K Management & general 4% · $6K Fundraising 25% · $35K

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

Who runs it and what they're paid

17 people listed on the 990; $62K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Executive Director
$62,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Secretary/Director
$0Pt VII · Sec A

Wayne Dominick’s $62K as Executive Director is at the 59th percentile of top reported officer pay among 1264 $100K–1M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2020
Michele Mulholland———$71,770
Wayne Dominick$62,000$62,792$57,000—

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 3 to 1 Foundation 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers financial education, scholarships, and tools for budgeting, debt, and wealth building.

Provided by the organization

This section is blank until 3 to 1 Foundation claims this page.

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1 program service account for $99K of program spending, described in the organization's own filed words · FY2023.
01

The organization conducts seminars providing information and tools for budgeting, financial goal setting, debt management, investment basics, wealth accumulation and wealth management. Seminars conducted for high school students also includes presenting information about careers in accounting, tax, banking, financial planning and…

$99Kprogram 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
Total grants receivedfrom 2 funders$23K
Grants paid · 9 grants · $86K · 2019–2023
Unitemized GrantFY2023$22,500
Unitemized GrantFY2023$3,000
Unitemized GrantFY2022$20,000
Unitemized GrantFY2022$5,000
Unitemized GrantFY2022$3,000
Unitemized GrantFY2021$27,000
Unitemized GrantFY2021$2,500
Unitemized GrantFY2021$600
Unitemized GrantFY2019$2,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$247K
Ln 12
Investment incomeLn 3$145K
Gifts and grantsLn 1h$87K
Other incomeLn 4–11$14K
Money outPt IX
$140K
Ln 25
Programscol B$99K
Managementcol C$6K
Fundraisingcol D$35K
Owns and owesPt X
$1.3M
net assets · Ln 32
Cash and savingsLn 1–2$115K
Total assetsLn 16$1.3M
LiabilitiesLn 26$571
PeoplePt VI, VII
17
listed · VII A
PaidVII A1
Voting boardVI 1a17
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$87K
Fundraising eventsLn 1c$45K
Fees for servicesLn 2g$460
Investment incomeLn 3$145K
Other incomeLn 4–11$14K
Gains on assetsLn 7$70K
Total revenueLn 12$247K
Assets in detailPt X, end of year
CashLn 1$37K
SavingsLn 2$78K
Cash and savings togetherLn 1–2$115K
InvestmentsLn 11–13$1.2M
Other assetsLn 15$4K
Total assetsLn 16$1.3M
LiabilitiesLn 26$571
Net assetsLn 32$1.3M
OperationsPt I, VI
EmployeesI 53
VolunteersI 675
Fiscal year endsHeaderNovember
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$150K$115K
InvestmentsLn 11–13$1.1M$1.2M
Total assetsLn 16$1.2M$1.3M
LiabilitiesLn 26$571$571
Net assetsLn 32$1.2M$1.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$26K$26K
Pay of current officers, directors and key staffLn 5$62K$43K$3K$16K
Other salaries and wagesLn 7$9K$4K$4K
Payroll taxesLn 10$5K$4K$237$2K
Advertising and promotionLn 12$5K$2K$3K
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$25K$19K$645$6K
All other expensesLn 24e$7K$2K$612$5K
Total functional expensesLn 25$140K$99K$6K$35K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $247K$140K$107K$1.3M 990 PDF
FY2023 $271K$122K$149K$1.2M 990 PDF
FY2022 $149K$117K$32K$1.1M 990 PDF
FY2021 $119K$104K$16K$1.0M 990 PDF
FY2020 $80K$176K−$96K$1.0M 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 $247,004 across 10 lines filed
VIII-1b Membership dues$5,961
VIII-1c Fundraising events$45,460
VIII-1f All other contributions, gifts and grants$35,435
VIII-1h Total contributions, gifts and grants$86,856
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $460$460
VIII-3 Investment incomeExcluded from tax $75,621$75,621
VIII-7 Net gain or loss on sales of assetsExcluded from tax $69,657$69,657
VIII-8 Net income from fundraising eventsExcluded from tax $19,730$19,730
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax −$5,320−$5,320
VIII-12 Total revenueRelated to mission $460 · Unrelated business $0 · Excluded from tax $159,688$247,004
Part IX · Statement of functional expenses $139,810 across 8 lines filed
IX-2 Grants to domestic individualsPrograms $25,500$25,500
IX-5 Pay of current officers, directors and key staffPrograms $43,400 · Management $3,100 · Fundraising $15,500$62,000
IX-7 Other salaries and wagesPrograms $4,366 · Fundraising $4,367$8,733
IX-10 Payroll taxesPrograms $3,654 · Management $237 · Fundraising $1,520$5,411
IX-12 Advertising and promotionPrograms $1,703 · Fundraising $3,162$4,865
IX-23 InsuranceManagement $1,341$1,341
IX-24 Other expenses (24a–d)Programs $18,622 · Management $645 · Fundraising $5,509$24,776
IX-24e All other expensesPrograms $1,954 · Management $612 · Fundraising $4,618$7,184
IX-25 Total functional expensesPrograms $99,199 · Management $5,935 · Fundraising $34,676$139,810
Part X · Balance sheet $1,328,315 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $115,062$37,245
X-2 Savings and temporary cash investmentsStart of year $35,430$78,150
X-11 Publicly traded securitiesStart of year $1,067,495$1,208,529
X-15 Other assetsStart of year $3,134$4,391
X-16 Total assetsStart of year $1,221,121$1,328,315
X-25 Other liabilitiesStart of year $571$571
X-26 Total liabilitiesStart of year $571$571
X-32 Total net assets or fund balancesStart of year $1,220,550$1,327,744
X-33 Total liabilities and net assetsStart of year $1,221,121$1,328,315
Part XI · Reconciliation of net assets $1,327,744 net assets at year end
XI-1 Total revenue$247,004
XI-2 Total expenses$139,810
XI-3 Revenue less expenses$107,194
XI-4 Net assets at start of year$1,220,550
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,327,744

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

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