North Texas Commission Foundation: FY2020 Nonprofit Profile & Form 990 (EIN 75-2948710)

Revenue by fiscal year
FY2020	$352K
FY2021	$193K
FY2022	$132K
FY2023	$247K
FY2024	$373K
FY2025	$411K

Expenses by fiscal year
FY2020	$334K
FY2021	$183K
FY2022	$157K
FY2023	$256K
FY2024	$374K
FY2025	$400K

Net assets by fiscal year
FY2020	$0
FY2021	$165K
FY2022	$140K
FY2023	$131K
FY2024	$130K
FY2025	$140K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 2001.

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

Where the money goes

76 cents of each dollar spent went to programs.

76%

24%

Program services 76% · $253K Management & general 24% · $81K

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

Something off? Claim to add context

Who runs it and what they're paid

2 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII

Chris E Wallace

President & CEO

$0Pt VII · Sec A

Directors

$0Pt VII · Sec A

See North Texas Commission Foundation executive salaries →

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

Develops leaders, trains them on regional issues, and provides economic development data.

Questions for North Texas Commission Foundation

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1 program · $253K · in their own filed words · FY2019

01

In general, what effect will the changing demographics and population increase have on education in the DFW area.

Form 990 Part III, line 4, FY2019. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 75-2948710) · Dispute this line

$253Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record

Grants received · FY2020

Neo Philanthropy INCFY2020$25K

Total grants receivedfrom 1 funder$25K

By the numbers

The FY2020 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$352K

Ln 12

Fees for servicesLn 2g$352K

Money outPt IX

$334K

Ln 25

Programscol B$253K

Managementcol C$81K

Owns and owesPt X

$0

net assets · Ln 32

Total assetsLn 16$0

LiabilitiesLn 26$0

PeoplePt VI, VII

2

listed · VII A

PaidVII A0

Voting boardVI 1a24

IndependentVI 1b24

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$352K

Total revenueLn 12$352K

Assets in detailPt X, end of year

Total assetsLn 16$0

LiabilitiesLn 26$0

Net assetsLn 32$0

OperationsPt I, VI

EmployeesI 50

VolunteersI 620

Fiscal year endsHeaderSeptember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY20	End FY20
Land, buildings, equipmentLn 10c	$0	$0
Total assetsLn 16	$248K	$0
LiabilitiesLn 26	$111K	$0
Net assetsLn 32	$137K	$0

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Accounting feesLn 11c	$5K	$0	$5K	$0
InsuranceLn 23	$461	$0	$461	$0
All other expensesLn 24e	$329K	$253K	$76K	$0
Total functional expensesLn 25	$334K	$253K	$81K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 LatestFiled with the IRS Feb 13, 2026	$411K	$400K	$11K	$140K	990 PDF
FY2024Filed with the IRS Mar 3, 2025	$373K	$374K	−$1K	$130K	990 PDF
FY2023Filed with the IRS Apr 24, 2024	$247K	$256K	−$9K	$131K	990 PDF
FY2022Filed with the IRS Aug 7, 2023	$132K	$157K	−$25K	$140K	990 PDF
FY2021Filed with the IRS Feb 3, 2022	$193K	$183K	$10K	$165K	990 PDF
FY2020 ViewingFiled with the IRS Jan 27, 2021	$352K	$334K	$18K	$0	990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations

See the full FY2020 990

Part I · Summary $352,424 revenue, 12 lines filed

I-8 Contributions and grants$0

I-9 Program service revenuePrior year $305,054$352,424

I-10 Investment income$0

I-11 Other revenue$0

I-12 Total revenuePrior year $305,054$352,424

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefits$0

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $305,526$334,408

I-18 Total expensesPrior year $305,526$334,408

I-19 Revenue less expensesPrior year −$472$18,016

Part VI · Governance 24 of 24 board members independent, 1 to look at

VI-1a Voting members of the governing body24

VI-1b Independent voting members24

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $352,424 across 2 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$352,424

VIII-12 Total revenueRelated to mission $352,424 · Unrelated business $0 · Excluded from tax $0$352,424

Part IX · Statement of functional expenses $334,408 across 3 lines filed

IX-11c Accounting feesPrograms $0 · Management $4,775 · Fundraising $0$4,775

IX-23 InsurancePrograms $0 · Management $461 · Fundraising $0$461

IX-24e All other expensesPrograms $253,172 · Management $76,000 · Fundraising $0$329,172

IX-25 Total functional expensesPrograms $253,172 · Management $81,236 · Fundraising $0$334,408

Part X · Balance sheet $0 assets, 5 lines filed

X-10c Land, buildings and equipment, netStart of year $0$0

X-16 Total assetsStart of year $247,709$0

X-26 Total liabilitiesStart of year $110,665$0

X-32 Total net assets or fund balancesStart of year $137,044$0

X-33 Total liabilities and net assetsStart of year $247,709$0

Part XI · Reconciliation of net assets $0 net assets at year end

XI-1 Total revenue$352,424

XI-2 Total expenses$334,408

XI-3 Revenue less expenses$18,016

XI-4 Net assets at start of year$137,044

XI-10 Net assets at end of year$0

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

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North Texas Commission Foundation FY2020 filing

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