Civic Intelligence

Quality of Life Foundation for Metropolitan Dallas

EIN 23-7360214 • 501(c)3 • Dallas, TX

Profile

SEE Schedule O FOR FULL VERBIAGE.

Refreshing map…

500 N Akard Street Suite 2600Dallas, TX 75201

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

60th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

11th percentile

-81%

Higher net margin than 11% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

100th percentile

$793,232

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 281.5% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

11th percentile

-97%

Faster asset growth than 11% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

14th percentile

-61%

Faster revenue growth than 14% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Down

$6,812

Down $439,800 (-98%) from 2022

Liabilities

Down

$0

Down $346,270 (-100%) from 2022

Net Assets

Down

$6,812

Down $93,530 (-93%) from 2022

Revenue

Down

$281,782

Down $470,851 (-63%) from 2022

Expenses

Down

$509,948

Down $322,061 (-39%) from 2022

Net Income

Down

-$228,166

Down $148,790 (-187%) from 2022

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$800K$600K$400K$200K$0-$200KAssets 2010: $90,540Liabilities 2010: $0Net Assets 2010: $90,5402010Assets 2012: $79,383Liabilities 2012: $0Net Assets 2012: $79,3832012Assets 2013: $83,100Liabilities 2013: $0Net Assets 2013: $83,1002013Assets 2014: $64,809Liabilities 2014: $0Net Assets 2014: $64,8092014Assets 2015: $85,970Liabilities 2015: $0Net Assets 2015: $85,9702015Assets 2016: $145,490Liabilities 2016: $629Net Assets 2016: $144,8612016Assets 2017: $36,629Liabilities 2017: $62,000Net Assets 2017: -$25,3712017Assets 2018: $249,151Liabilities 2018: $267,000Net Assets 2018: -$17,8492018Assets 2019: $642,772Liabilities 2019: $544,000Net Assets 2019: $98,7722019Assets 2021: $519,798Liabilities 2021: $340,080Net Assets 2021: $179,7182021Assets 2022: $446,612Liabilities 2022: $346,270Net Assets 2022: $100,3422022Assets 2024: $6,812Liabilities 2024: $0Net Assets 2024: $6,8122024

Highlighted filing

2024

Assets$6,812
Liabilities$0
Net Assets$6,812

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KRevenue 2010: $60,338Expenses 2010: $77,954Net Income 2010: -$17,6162010Revenue 2012: $62,726Expenses 2012: $76,371Net Income 2012: -$13,6452012Revenue 2013: $124,159Expenses 2013: $120,442Net Income 2013: $3,7172013Revenue 2014: $100,155Expenses 2014: $118,446Net Income 2014: -$18,2912014Revenue 2015: $110,682Expenses 2015: $89,521Net Income 2015: $21,1612015Revenue 2016: $169,162Expenses 2016: $110,271Net Income 2016: $58,8912016Revenue 2017: $215,815Expenses 2017: $386,047Net Income 2017: -$170,2322017Revenue 2018: $300,171Expenses 2018: $292,649Net Income 2018: $7,5222018Revenue 2019: $727,159Expenses 2019: $610,538Net Income 2019: $116,6212019Revenue 2021: $527,253Expenses 2021: $501,835Net Income 2021: $25,4182021Revenue 2022: $752,633Expenses 2022: $832,009Net Income 2022: -$79,3762022Revenue 2024: $281,782Expenses 2024: $509,948Net Income 2024: -$228,1662024

Highlighted filing

2024

Revenue$281,782
Expenses$509,948
Net Income-$228,166

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.07$0.00$0.07$2.82$5.10$2.28
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.47$3.46$1.00$7.53$8.32$0.79
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.20$3.40$1.80$5.27$5.02$0.25
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.43$5.44$0.99$7.27$6.11$1.17
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.49$2.67$0.18$3.00$2.93$0.08
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.37$0.62$0.25$2.16$3.86$1.70
2016Detailed filing. Detailed filing data is available for this year.$1.45$0.01$1.45$1.69$1.10$0.59
2015Detailed filing. Detailed filing data is available for this year.$0.86$0.00$0.86$1.11$0.90$0.21
2014Detailed filing. Detailed filing data is available for this year.$0.65$0.00$0.65$1.00$1.18$0.18
2013Detailed filing. Detailed filing data is available for this year.$0.83$0.00$0.83$1.24$1.20$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.79$0.00$0.79$0.63$0.76$0.14
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.91$0.00$0.91$0.60$0.78$0.18
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 13, 2025
Return Version
2024v5.1
Gross Receipts
$281,782
Mission and Program Overview

Mission

SEE Schedule O FOR FULL VERBIAGE.

To promote education and the community life of metropolitan dallas in cultural and social aspects.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$239,716$6,812▼ $232,904
Accounts Receivable$51$0▼ $51
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Land, Buildings, and Equipment, Net$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$239,767$6,812▼ $232,955
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$4,789$0▼ $4,789
Other Liabilities$0$0→ $0
Total Liabilities$4,789$0▼ $4,789
Net Assets / Fund Balance
Net Assets With Donor Restrictions$234,978$6,812▼ $228,166
Total Net Assets Fund Balance$234,978$6,812▼ $228,166
Total Liabilities and Net Assets / Fund Balance$239,767$6,812▼ $232,955
Compensation and Service Providers

Board Members and Trustees

NameTitle
Cynt MarshallDRC Chair
Jim SpringfieldDRC Chair-Elect
Rafael LizardiDRC Immediate Past Chair
Dale PetroskeyPresident
Jarrad ToussantVice President
Latosha Herron BruffBoard Secretary
Angela FarleyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$281,782
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$281,782
Change in Net Assets
$-228,166

Audited Revenue Reconciliation

Revenue per Audited Statements
$281,782
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$281,782
Total Revenue per Form 990
$281,782
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$486,166
Other Expenses$23,782
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$479,166--$479,166
Grants to Domestic Individuals$7,000--$7,000
Other Expenses$3,782$20,000-$3,782
Total Functional Expenses$489,948$20,000$0$509,948

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$509,948
Total Expenses per Audited Statements$509,948
Total Expenses per Form 990$509,948
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Dallas Regional ChamberDallas, TX501(c)(6)Economic Development, Education & Workforce, Public Policy, Diversity, Inclusion & Community Engagement, and Talent Strategies & Leadership$429,166
Communities Foundation of TexasDallas, TX501(c)(3)Future of N Texas Journalism Impact$50,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B Review of form 990 by governing body

The independent accounting firm reviews 990 requirements with the audit and finance committee of the chamber prior to completion of the return, and the committee also reviews the actual return prior to filing. The audit and finance committee is comprised of dallas regional chamber members and members of management who are responsible for financial governance of the dallas regional chamber and related organizations. A copy of form 990 is made available on a secure internet site and a link to the site is emailed to each member of the board so that they can review form 990.

Form 990, Part VI, Line 12C Conflict of interest policy

The chamber code of conduct policy includes an annual conflict of interest questionnaire to be distributed to all board members, officers, key employees and highest compensated employees. This information is logged in and evaluated for conflicts requiring individuals to recuse themselves from issues that may present conflicts, or in extreme circumstances, removal from the board.

Form 990, Part VI, Line 19 Required documents available to the public

The organization's governing documents, conflict of interest policy, and financial statements are made available to the public upon written request and at management's discretion.

Form 990, Part VII, Section A, Line 1A, Column (F) ESTIMATED AMOUNTS OF OTHER COMPENSATION

Some amounts in this column are due to the bonuses that were deferred in tax year 2024. The deferred bonuses will be reported in column (e) when they are paid in tax year 2025. The deferred bonuses from tax year 2023 are currently being reported in column (e).

Filing and Contact Details

Filer

Filer Name
Quality of Life Foundation for Metropolitan Dallas
EIN
23-7360214
Phone
2147466600
Address
500 N AKARD STREET SUITE 2600, DALLAS, TX 75201

Signing Officer

Name
Angela Farley
Title
Treasurer
Phone
2147466600
Signed
2025-11-13
Discuss with paid preparer
Yes

Organization Details

Formed
1969
Legal Domicile
TX
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
59

Preparer

Firm
Forvis Mazars LLP
Address
14221 Dallas Parkway Suite 400, Dallas, TX 75254
Preparer
Andrew Gray
Phone
9727028262
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 1 ORGANIZATION'S MISSION

The exclusive purpose of the corporation is to promote the public interest and welfare of the greater dallas metropolitan area and to function to that end as an educational organization devoting itself to the betterment and welfare of the greater dallas metropolitan area and its citizens as follows: 1. To seek methods of improving the cultural, social and educational aspects of the life style of the people residing in the greater dallas metropolitan area; 2. To inquire into the causes of the failure of the individuals who reside in the greater dallas metropolitan area to reach their full human potential and to educate them to do so; 3. To gather and to disseminate information which contributes to the broadening and the enabling of the human experience; 4. To motivate and guide existing institutions, organizations and agencies, as well as individuals, in the effort to improve the lives of the people in the greater dallas metropolitan area; 5. To do all things necessary and helpful to improve and enrich the quality of life in the greater dallas metropolitan area.

Form 990, Part III, Line 4A-4C Description of program services

(Expenses $ 3,782 including grants of $) Leadership Dallas class projects are service projects that are organized, coordinated, fundraised, and executed by the Leadership Dallas cohorts. The cohorts include a range of professional expertise, including operations, technology, legal, and consulting across a range of diverse industries. During 2024 the classes: 1) Continued to work with the Dallas 911 Call Center operations, including over 1,000 volunteer hours, working with the 911 call center team and partners to improve the information and processes used to communicate and educate the residents, including children, and businesses in the Dallas Region about the needs and ways to utilize the 911 call center in an emergency or non-emergency situation. 2) Began working with the Southern Dallas County not for profit For Oak Cliff on their strategic plan, designing a memorial park, and community outreach programs.

Financial Statement Notes

Schedule D, Part X, Line 2 ASC 740 FOOTNOTE

Management has evaluated their income tax positions under the guidance included in asc 740. Based on their review, management has not identified any material uncertain tax positions to be recorded or disclosed in the financial statements.

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IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0DALE A PETROSKEY
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IRS990/ProgSrvcAccomActy2Grp/Desc0Quality of Life Foundation for Metropolitan Dallas (QOL) received a project funding contribution, which provided for QOL to subcontract with the Dallas Regional Chamber to staff a position that would focus on public policy initiatives and analysis.
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IRS990/ProgSrvcAccomActy2Grp/GrantAmt0104166
IRS990/ProgSrvcAccomActy3Grp/Desc0A grant was paid to Communities Foundation of Texas for $50,000 and a $7,000 payment was made to Dallas Regional Chamber for Scholarships of (2) individuals in the Leadership Dallas Class.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt057000
IRS990/ProgSrvcAccomActy3Grp/GrantAmt057000
IRS990/ProgSrvcAccomActyOtherGrp/Desc0Leadership Dallas class projects are service projects that are organized, coordinated, fundraised, and executed by the Leadership Dallas cohorts. The cohorts include a range of professional expertise, including operations, technology, legal, and consulting across a range of diverse industries. During 2024 the classes: 1) Continued to work with the Dallas 911 Call Center operations, including over 1,000 volunteer hours, working with the 911 call center team and partners to improve the information and processes used to communicate and educate the residents, including children, and businesses in the Dallas Region about the needs and ways to utilize the 911 call center in an emergency or non-emergency situation. 2) Began working with the Southern Dallas County not for profit For Oak Cliff on their strategic plan, designing a memorial park, and community outreach programs.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part X, Line 2 ASC 740 FOOTNOTE
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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Scholarships
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IRS990ScheduleI/RecipientTable/CashGrantAmt150000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(6)
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Economic Development, Education & Workforce, Public Policy, Diversity, Inclusion & Community Engagement, and Talent Strategies & Leadership
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1Future of N Texas Journalism Impact
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Dallas Regional Chamber
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1Communities Foundation of Texas
IRS990ScheduleI/RecipientTable/RecipientEIN0750223440
IRS990ScheduleI/RecipientTable/RecipientEIN1750964565
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0500 NORTH AKARD STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt15500 Caruth Haven Ln
IRS990ScheduleI/RecipientTable/USAddress/AddressLine2Txt0Suite 2600
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Dallas
IRS990ScheduleI/RecipientTable/USAddress/CityNm1Dallas
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IRS990ScheduleI/RecipientTable/USAddress/ZIPCd1752258146
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0GRANTS ARE MADE AND PAID TO THE DALLAS REGIONAL CHAMBER, A RELATED ORGANIZATION, BASED ON DOLLARS RECEIVED BY QUALITY OF LIFE FOUNDATION FOR VARIOUS PROGRAMS, INCLUDING BUT NOT LIMITED TO EDUCATION & WORKFORCE, LEADERSHIP AND COMMUNITY ENGAGEMENT/SUPPORT. GRANTS ARE MADE AND PAID IN CONJUNCTION WITH THE LEADERSHIP DALLAS CLASS PROJECT TO AN ORGANIZATION THE LEADERSHIP DALLAS CLASS PROJECT SELECTS, IN CONJUNCTION WITH COMPLETING THEIR ANNUAL COMMUNITY PROJECT. GRANTS ARE MADE FOR ANNUAL TUITION SCHOLARSHIPS FOR SELECTED RECIPIENTS OF THE DALLAS REGIONAL CHAMBER'S LEADERSHIP DALLAS CLASS. THESE GRANTS ARE REPORTED AND RECORDED IN THE QUALITY OF LIFE FOUNDATION FINANCIAL STATEMENTS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds
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IRS990ScheduleI/TotalOtherOrgCnt01
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Dale Petroskey
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1Angela Farley
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2Latosha Herron Bruff
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3Jarrad Toussant
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0President

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