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    <Timestamp>2012-11-15T17:15:01-06:00</Timestamp>
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        <State>TX</State>
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        <BusinessNameLine1>Dallas Margarita Society Inc</BusinessNameLine1>
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      <NameControl>DALL</NameControl>
      <Phone>2147417447</Phone>
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        <State>TX</State>
        <ZIPCode>75248</ZIPCode>
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      <DateSigned>2012-11-15</DateSigned>
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    <Preparer>
      <Phone>9727028262</Phone>
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    <TaxYear>2011</TaxYear>
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        <City>Dallas</City>
        <State>TX</State>
        <ZIPCode>75248</ZIPCode>
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      <StateLegalDomicile>TX</StateLegalDomicile>
      <ActivityOrMissionDescription>Main fundraiser is to provide a Christmas Party and toys for disadvantaged children in the DFW area.</ActivityOrMissionDescription>
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      <TotalNbrVolunteers>300</TotalNbrVolunteers>
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      <ContributionsGrantsPriorYear>551645</ContributionsGrantsPriorYear>
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      <ProgramServiceRevenueCY>0</ProgramServiceRevenueCY>
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      <TotalLiabilitiesEOY>0</TotalLiabilitiesEOY>
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        <Grants>15786</Grants>
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        <Description>Rise for Special Children</Description>
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        <NetIncomeSummary>-133362</NetIncomeSummary>
      </EventsInformation>
    </IRS990ScheduleG>
    <IRS990ScheduleI documentId="IRS990ScheduleI">
      <RecordsMaintained>true</RecordsMaintained>
      <RecipientTable>
        <RecipientNameBusiness>
          <BusinessNameLine1>Love for Kids</BusinessNameLine1>
        </RecipientNameBusiness>
        <AddressUS>
          <AddressLine1>6260 Mockingbird Lane Suite 230</AddressLine1>
          <City>Dallas</City>
          <State>TX</State>
          <ZIPCode>75214</ZIPCode>
        </AddressUS>
        <EINOfRecipient>751647732</EINOfRecipient>
        <AmountOfCashGrant>22964</AmountOfCashGrant>
        <AmountOfNonCashAssistance>293650</AmountOfNonCashAssistance>
        <MethodOfValuation>FMV</MethodOfValuation>
        <DescriptionOfNonCashAssistance>Christmas Toys</DescriptionOfNonCashAssistance>
        <PurposeOfGrant>Distribute Toys to Disadvantaged Kids</PurposeOfGrant>
      </RecipientTable>
      <Form990ScheduleIPartIV>
        <Identifier>Procedures for Monitoring Use of Grant Funds in the United States</Identifier>
        <ReturnReference>Schedule I, Part I, Line 2</ReturnReference>
        <Explanation>The organization receives an application/grant request from each prospective recipient and gives the Dallas Margarita Society a detailed description of what the funds will be used for, verification of their 501(c)(3) status, and other background information on their organization. The Dallas Margarita Society then compiles this information and the charity committee makes a recommendation as to how much each prospective recipient should receive. Once this is determined, the issue is brought before the board and the board votes to approve or disapprove each amount recommendation.</Explanation>
      </Form990ScheduleIPartIV>
    </IRS990ScheduleI>
    <IRS990ScheduleM documentId="IRS990ScheduleM">
      <WorksOfArt />
      <ArtHistoricalTreasures />
      <ArtFractionalInterest />
      <BooksAndPublications />
      <ClothingAndHouseholdGoods />
      <CarsAndOtherVehicles />
      <BoatsAndPlanes />
      <IntellectualProperty />
      <SecuritiesPubliclyTraded />
      <SecuritiesCloselyHeldStock />
      <SecuritiesPrtnrshpTrustIntrsts />
      <SecuritiesMiscellaneous />
      <QualifiedContribHistStruct />
      <QualifiedContribOther />
      <RealEstateResidential />
      <RealEstateCommercial />
      <RealEstateOther />
      <Collectibles />
      <FoodInventory />
      <DrugsAndMedicalSupplies />
      <Taxidermy />
      <HistoricalArtifacts />
      <ScientificSpecimens />
      <ArchaeologicalArtifacts />
      <OtherNonCashContributionsTable>
        <NonCashCheckbox>X</NonCashCheckbox>
        <Description>New Toys</Description>
        <NumberOfContributions>8390</NumberOfContributions>
        <NoncashContribsRptdF990>293650</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>FMV</MethodOfDeterminingRevenues>
      </OtherNonCashContributionsTable>
      <AnyPropertyThatMustBeHeld>false</AnyPropertyThatMustBeHeld>
      <ReviewProcessUnusualNCGifts>false</ReviewProcessUnusualNCGifts>
      <ThirdPartiesUsed>false</ThirdPartiesUsed>
    </IRS990ScheduleM>
    <IRS990ScheduleO documentId="IRS990ScheduleO">
      <GeneralExplanation>
        <Identifier>Organization Members</Identifier>
        <ReturnReference>Form 990, Part VI, Section A, Line 6</ReturnReference>
        <Explanation>DMS may, but is not obligated to, allow one or more persons, not Directors or Directors Emeritus, to participate in the social and other activities of the DMS; these persons shall be designated as Members and shall be elected on such terms and have such privileges and status as the Board shall determine. Members shall have no voting or other legal or equitable rights in the DMS. Members shall pay social dues, in an amount to be set by the Board of Directors from year to year, which shall be deposited in the social account of the DMS and segregated from the operating and charitable funds of the DMS.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Organization Members with Power to Elect or Appoint Members of Gov Body</Identifier>
        <ReturnReference>Form 990, Part VI, Section A, Line 7a</ReturnReference>
        <Explanation>The organization officers shall be elected by receiving a majority, defined as 50% plus one vote of the votes cast by the directors present at the annual meeting.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Governance Decisions of Organization Reserved to Members of Governing Body</Identifier>
        <ReturnReference>Form 990, Part VI, Section A, Line 7b</ReturnReference>
        <Explanation>Any officer elected by the Directors may be removed by a vote of the directors present at any board meeting. The directors also authorize the organizations fundraising, gifts, and amendments to the bylaws.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Review of 990</Identifier>
        <ReturnReference>Form 990, Part VI, Section B, Line 11b</ReturnReference>
        <Explanation>An independent accounting firm prepares and reviews the Form 990. The 990 is then reviewed by the officers and accounting personnel of the Dallas Margarita Society. Any questions or concerns are addressed and any needed corrections or clarifications are made.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Conflict of Interest Policy</Identifier>
        <ReturnReference>Form 990, Part VI, Section B, Line 12a</ReturnReference>
        <Explanation>The organization does not currently have a conflict of interest policy, but plans to have one in effect by next year.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Availability of Documents</Identifier>
        <ReturnReference>Form 990, Part VI, Section C, Line 19</ReturnReference>
        <Explanation>The organizational governing documents, conflict of interest policies, and financial statements are made available to the public upon request.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
  </ReturnData>
</Return>