2025-11-13T09:02:23-06:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 420 SOUTH ORANGE AVENUE SUITE 900 ORLANDO FL 32801 990 2024-01-01 752078664 BOYS & GIRLS CLUBS OF GREATER DALLAS INC FOUNDATION BOYS 2148212950 4816 WORTH STREET DALLAS TX 75246 GEORGE MURCHISON PRESIDENT 2148212950 2025-11-12 1 1 LACEY M QUATSOE P01300865 4078021200 2025-11-12 2024 2025-03-06 01:10:19Z GEORGE MURCHISON 4816 WORTH STREET DALLAS TX 75246 1769981 0 X WWW.BGCDALLAS.ORG X 1985 TX THE FOUNDATION WAS CREATED TO SUPPORT THE BOYS & GIRLS CLUBS OF GREATER DALLAS INC. 4 4 0 5 0 0 0 0 0 0 92637 313710 0 0 92637 313710 271066 382494 0 0 0 0 0 0 0 61572 56964 332638 439458 -240001 -125748 8080164 8698701 9975 9975 8070189 8688726 THE FOUNDATION WAS CREATED TO SUPPORT THE BOYS & GIRLS CLUBS OF GREATER DALLAS INC. 0 0 382494 382494 THE FOUNDATION WAS CREATED TO SUPPORT THE BOYS & GIRLS CLUBS OF GREATER DALLAS INC. IN ORDER TO MAINTAIN LONG TERM FUNDING, THE CLUB'S BOARD OF DIRECTORS VOTED TO TRANSFER ITS ASSETS IN THE BGCDALLAS ENDOWMENT FUND TO THE FOUNDATION TO INCREASE THE SIZE OF THE FOUNDATION, PROTECT ITS ASSETS, AND INSURE CONTINUED LONG-TERM FUNDING FOR THE CLUB. 382494 1 0 0 0 0 0 0 0 0 1 0 1 0 0 1 1 0 1 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 1 0 0 0 0 1 0 1 0 0 0 0 1 1 1 1 1 0 0 0 X GEORGE MURCHISON 2148212950 4816 WORTH STREET DALLAS TX 75246 CLINT MURCHISON III PRESIDENT - DECEASED 7/24 1.00 0.00 X X 0 0 0 ERIC WATSON VICE PRESIDENT 1.00 0.00 X X 0 0 0 GEORGE MURCHISON SEC/TREAS; PRES - AS OF 7/24 1.00 0.00 X X 0 0 0 JAY JOHNSON DIRECTOR 0.20 0.00 X 0 0 0 WILLIAM LAMONT III DIRECTOR 0.20 0.00 X 0 0 0 0 0 0 2 0 0 0 0 174924 174924 1595057 1456271 138786 138786 138786 313710 0 0 313710 382494 382494 56964 56964 439458 382494 56964 0 111060 345676 6701335 6894325 1267769 1458700 8080164 8698701 9975 9975 9975 9975 X 5738829 6055007 2331360 2633719 8070189 8688726 8080164 8698701 -125748 744285 0 X 0 1 X 1 0 X X 1 BOYS & GIRLS CLUBS OF GREATER DALLAS 751152657 7 1 382494 0 1 382494 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 8080163 68871 1001031 100822 350542 8698701 7299041 -4660 1056848 271066 8080163 9144227 -1526546 318640 7299041 8433046 1119496 251106 157209 9144227 7679985 1047728 248456 46211 8433046 0.69608 0.12309 0.18083 0 0 0 MAVERICK FUND LTD 1458700 F 1458700 DUE TO AFFILIATES 9975 9975 X PART V, LINE 4: THE FOUNDATION'S ENDOWMENT FUNDS ARE HELD TO SUPPORT THE BOYS & GIRLS CLUBS OF GREATER DALLAS INC. PART X, LINE 2: THE FOUNDATION IS PART OF THE CONSOLIDATED AUDIT FOR THE BOYS & GIRLS CLUBS OF GREATER DALLAS INC (THE CLUB). THE CLUB IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE CLUB ADOPTED THE INCOME TAX STANDARD FOR UNCERTAIN TAX POSITIONS. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ORGANIZATION'S FINANCIAL STATEMENTS IN ACCORDANCE WITH THE INCOME TAX STANDARD. THIS STANDARD PRESCRIBES RECOGNITION AND MEASUREMENT OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. THE CLUBS'S INCOME TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL, STATE AND LOCAL AUTHORITIES. THE CLUB IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX EXEMPT STATUS. THE CLUB IS NOT AWARE OF ANY ACTIVITIES THAT ARE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME OR EXCISE OR OTHER TAX. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS N/A 1458700 0 0 0 0 0 0 1458700 0 1458700 1 0 1 0 0 0 1 BOYS & GIRLS CLUBS OF GREATER DALLAS INC 4816 WORTH STREET DALLAS TX 75246 751152657 501(C)(3) 382494 0 N/A N/A GENERAL OPERATING SUPPORT 1 PART I, LINE 2: THE FOUNDATION MAKES GRANTS TO ITS SUPPORTED ORGANIZATION, BOYS & GIRLS CLUBS OF GREATER DALLAS INC. THERE ARE INDIVIDUALS THAT SERVE ON BOTH ORGANIZATIONS' BOARD OF DIRECTORS. NO FORMAL MONITORING IS REQUIRED. 0 0 0 0 0 0 0 0 0 PART I, LINE 3 THE FOUNDATION RELIED ON BOYS & GIRLS CLUBS OF GREATER DALLAS INC. (BGCGD), A RELATED ORGANIZATION TO DETERMINE THE COMPENSATION FOR THE CEO. THE BGCGD BOARD CHAIRMAN AND EXECUTIVE SUPPORT AND APPRAISAL COMMITTEE MEETS WITH THE CEO & PRESIDENT TO PREFORM THE ANNUAL REVIEW AND RECOMMENDS COMPENSATION BASED ON THE SALARY BUDGET TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL. TO ASSIST IN THIS DECISION, THE COMMITTEE CAN COMPARE THE PROPOSED SALARY TO THE FORMS 990 OF OTHER ORGANIZATIONS AND TO SALARY SURVEYS PRODUCED BY THIRD PARTIES. THE SALARY BUDGET IS SET BY THE BOARD OF DIRECTORS WHEN THEY APPROVE THE ANNUAL BUDGET, WHICH IS DOCUMENTED IN THE MEETING MINUTES. PART I, LINE 4 NAME: CHERIE ROWE, DESCRIPTION: SEVERANCE, CURRENT YEAR AMOUNT: $48,460. PLAN DESCRIPTION: SEVERANCE NAME: RENALDO CORDOVA, DESCRIPTION: SEVERANCE, CURRENT YEAR AMOUNT: $30,928. PLAN DESCRIPTION: SEVERANCE FORM 990, PART VI, SECTION A, LINE 2 CLINT MURCHISON III AND GERORGE MURCHISON HAD A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 7A THE FOUNDATION'S BOARD OF DIRECTORS CONSIST OF SUCH NUMBER OF VOTING DIRECTORS (NOT LESS THAN THREE) AS DETERMINED FROM TIME TO TIME BY RESOLUTION OF THE DIRECTORS, PROVIDED, THAT NO DECREASE IN NUMBER SHALL HAVE THE EFFECT OF SHORTENING THE TERM OF ANY INCUMBENT DIRECTOR. A SIMPLE MAJORITY, BUT NOT MORE, OF THE VOTING DIRECTORS ARE ELECTED BY THE BOARD OF DIRECTORS OF BOYS & GIRLS CLUBS OF GREATER DALLAS, INC., AND THE REMAINING VOTING DIRECTORS ARE ELECTED BY THE BOARD OF DIRECTORS OF THE FOUNDATION. AT ALL TIMES A MAJORITY OF THE DIRECTORS OF THE FOUNDATION MUST CONSIST OF INDIVIDUALS OTHER THAN THEN-SERVING (DETERMINED SOLELY AS OF THE TIME OF SUCH DIRECTOR'S ELECTION) MEMBERS OF THE BOARD OF DIRECTORS, OFFICERS OR EMPLOYEES OF THE BOYS & GIRLS CLUBS OF GREATER DALLAS, INC. FORM 990, PART VI, SECTION A, LINE 8B THE FOUNDATION DOES NOT HAVE ANY COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WILL BE REVIEWED BY THE FOUNDATION'S PRESIDENT. THE FORM 990 WILL BE PROVIDED TO THE ENTIRE BOARD OF DIRECTORS AFTER FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY APPLIES TO THE BOARD OF DIRECTORS, STAFF MEMBERS, AND VOLUNTEERS. COVERED INDIVIDUALS ARE REQUIRED TO UPDATE DISCLOSURES ANNUALLY. FULL DISCLOSURE, BY NOTICE IN WRITING, SHALL BE MADE BY THE INTERESTED PARTIES TO THE FULLY BOARD OF DIRECTORS IN ALL CONFLICTS OF INTEREST. FOLLOWING FULL DISCLOSURE OF A POSSIBLE CONFLICT OF INTEREST OR ANY CONDITION LISTED ABOVE, THE BOARD OF DIRECTORS SHALL DETERMINE WHETHER A CONFLICT OF INTEREST EXISTS AND, IF SO, THE BOARD SHALL VOTE TO AUTHORIZE OR REJECT THE TRANSACTION OR TAKE ANY OTHER ACTION DEEMED NECESSARY TO ADDRESS THE CONFLICT AND PROTECT THE ORGANIZATION'S BEST INTERESTS. BOTH VOTES SHALL BE BY A MAJORITY VOTE WITHOUT COUNTING THE VOTE OF ANY INTERESTED DIRECTOR, EVEN IF THE DISINTERESTED DIRECTORS ARE LESS THAN A QUORUM PROVIDED THAT AT LEAST ONE CONSENTING DIRECTOR IS DISINTERESTED. AN INTERESTED BOARD MEMBER, OFFICER, OR STAFF MEMBER SHALL NOT PARTICIPATE IN ANY DISCUSSION OR DEBATE OF THE BOARD OF DIRECTORS, OR OF ANY COMMITTEE OR SUBCOMMITTEE THEREOF IN WHICH THE SUBJECT OF DISCUSSION IS A CONTRACT, TRANSACTION, OR SITUATION IN WHICH THERE MAY BE A PERCEIVED OR ACTUAL CONFLICT OF INTEREST. HOWEVER, THEY MAY BE PRESENT TO PROVIDE CLARIFYING INFORMATION IN SUCH A DISCUSSION OR DEBATE UNLESS OBJECTED TO BY ANY PRESENT BOARD OR COMMITTEE MEMBER. PROCEEDINGS ARE DOCUMENTED IN THE MEETING MINUTES OR AS OTHERWISE APPROPRIATE. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND CONSOLIDATED FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. BOYS & GIRLS CLUBS OF GREATER DALLAS INC 4816 WORTH STREET DALLAS TX 75246 751152657 ENABLE ALL YOUNG PEOPLE TO REACH THEIR FULL POTENTIAL TX 501(C)(3) LINE 7 N/A 0 CHAMBERS-SCHOELLKOPF-TRIM SCHOLARSHIP FOUNDATION 4816 WORTH STREET DALLAS TX 75246 752213989 SCHOLARSHIPS TX 501(C)(3) PF BOYS & GIRLS CLUBS OF GREATER DALLAS INC 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0