Fc Dallas Foundation EIN 87-0757201 Form 990 (PDF) Claim this org

Fc Dallas Foundation

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Improves underserved youth health and well-being through sports programs. For fiscal year 2024 it reported $462K in revenue, $286K in expenses, and $791K in net assets.Pt I

Type
Public charity (501(c)(3)) · Nonprofit
Location
Dallas, TX
Website
www.fcdallasfoundation.org
Filings
5 on file (2020–2024)
Revenue
$462KFY2024
Expenses
$286K
Net assets
$791K
People
7
Filings
5
Updates
0
More identity details & actions ⌄
EIN  87-0757201 Public charity (501(c)(3)) Dallas, TX
Form 990 (PDF)
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Size
$100K–1M
What they do
Improves underserved youth health and well-being through sports programs.
Leadership
John a Wagner · Director / President
Money in and out
$462K revenue, $286K expenses
Bottom line
95% program efficiency
Where the money goes · FY2024
Total revenue
$462K
Pt VIII · Ln 12
Total expenses
$286K
Pt IX · Ln 25
Net assets
$791K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $176K
Where spending went · Part IX cols B–D
Program services $0.95 Management & general $0.05
Program efficiency
95%
of spending reaches programs-0.5% vs prior filing year
Operating runway
33.6mo
months of highly liquid reserves at operating expense rate▲ +61% vs prior filing year
Surplus margin
+38%
revenue over expenses, this year▲ +30% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$462K
FY2024▲ +18%
Expenses
$286K
FY2024▲ +4%
Total assets
$802K
FY2024▲ +19%
Total liabilities
$11K
FY2024▼ -81%
Total revenue
$462K
Pt VIII · Ln 12
Total expenses
$286K
Pt IX · Ln 25
Net assets
$791K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$176K
Total assetsPt X · Ln 16$802K
Program-expense ratioPt IX · col B95%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CFc Dallas Foundation
EINHdr · item D87-0757201
Principal addressHdr · item CDallas, TX
WebsiteHdr · item Jwww.fcdallasfoundation.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTX
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFAug 2007

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Director / President
$0Pt VII · Sec A
Director/VP/Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director - Partial Year
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
See Fc Dallas Foundation executive salaries →

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Mission & Programs · Part III

Where the work happens

3 program services account for $214K of program spending, described in the organization's own filed words · FY2024.
01

Steam Program

An educational field trip program designed to connect the sport of soccer with various science, technology, engineering, arts, and mathematics objectives that are being learned in the classroom.

$125Kprogram expense
02

Special Olympics

With support from the FC dallas foundation, toyota, and gallagher, local athletes and coaches from the DFW metroplex have the exciting opportunity of a lifetime to represent the FC dallas family through the FC dallas special olympics unified team.

$49Kprogram expense
03

Scott Dymond Scholarship Program

With support from corporate partners coserv, arthur j. Gallagher insurance co., chick-fil-a, ut southwestern medical center, and umb bank, FC dallas foundation offered a combined total of $40,000 in college scholarships to 10 FC dallas youth seniors.

$40Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$491K · 106%
Investment income$10K · 2%
Contributions & grants106%$491K
Investment income2%$10K
Total revenueLn 12$462K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.95 Management & general $0.05
Program services95%$273K
Management & general5%$13K
Total functional expensesLn 25$286K

Balance Sheet

Part X · end of year
CashLn 1$802K
Total assetsLn 16$802K
Total liabilitiesLn 26$11K
Total net assetsLn 32$791K
Months of cash on handcomputed33.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $802K · Operating expenses/yr $286K
33.6 months
Where the money goes
Program services
Program services $273K · Total expenses $286K
95%
Management & General
Management & general $13K · Total expenses $286K
5%
Fundraising
Fundraising $0 · Total expenses $286K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $463 · Solicited contributions (3-yr avg) $439K
$0.00 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $491K · Total revenue $462K
106%
Government reliance
Government grants — · Total revenue $462K
Earned-income share
Program service revenue $0 · Total revenue $462K
0%
Investment reliance
Investment income $10K · Total revenue $462K
+2%
Program self-sufficiency
Program service revenue $0 · Total expenses $286K
0%
Growth & trend
Revenue growth (YoY)
This year $462K · Prior year $390K
+18%
Revenue CAGR
FY2020 $409K · FY2024 $462K
+3%
Net-asset trend (YoY)
End of year $791K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $462K · Expenses $286K
+38%
Liabilities-to-Assets
Total liabilities — · Total assets $802K
Net-asset ratio
Net assets $791K · Total assets $802K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $802K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual John a Wagner · Reported title DIRECTOR / PRESIDENT · Highest reported compensation $0 · Total expenses $286K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $286K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 95%
Overhead ratio 5%
Fundraising cost ratio 0%
Revenue growth 18%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 3 funders$161K
See all 3 funders →
Grants paid · 25 grants · $295K · 2020–2024
Unitemized GrantFY2024$40,000
Unitemized GrantFY2023$40,000
Battle Brynn FoundationTX · FY2023$7,325
Unitemized GrantFY2023$368
Frisco Student FastpacsTX · FY2022$13,537
The Onestar FoundationTX · FY2022$9,095
The Family PlaceTX · FY2021$33,500
Frisco Student FastpacsTX · FY2021$13,605
Patriot Paws Service DogsTX · FY2020$11,419
L I R A GroupTX · FY2020$10,000
Big ThoughtTX · FY2020$10,000
See all 25 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$462K revenue · viewing · ⤓ 990 PDF
FY2023$390K revenue · ⤓ 990 PDF
FY2022$438K revenue · ⤓ 990 PDF
FY2021$417K revenue · ⤓ 990 PDF
FY2020$409K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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