Civic Intelligence

Arlington Tomorrow Foundation

990 • Fiscal year 2021 • EIN 26-0672468

Oct 01, 2020 to Sep 30, 2021 • Filed on Aug 05, 2022

PO Box 90231 MS 29-0100Arlington, TX 76004

(817) 459-6419

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

25th percentile

0.07x

Higher debt load relative to assets than 25% of similar nonprofits.

2021 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2021

Liabilities / Revenue

42nd percentile

0.34x

Higher debt load relative to revenue than 42% of similar nonprofits.

2021 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2021

Net Margin

88th percentile

52%

Higher net margin than 88% of similar nonprofits.

2021 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2021

Top Officer Pay

12th percentile

$191,968

Higher top officer pay than 12% of similar nonprofits.

Top officer pay equals 0.9% of source-year revenue.

2021 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2021

Asset Growth

74th percentile

21%

Faster asset growth than 74% of similar nonprofits.

2021 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2020 to 2021

Revenue Growth

96th percentile

253%

Faster revenue growth than 96% of similar nonprofits.

2021 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2020 to 2021

Assets

Up

$100,083,582

Up $17,351,163 (+21%) from 2020

Net Assets

Up

$92,870,857

Up $10,965,313 (+13%) from 2020

Liabilities

Up

$7,212,725

Up $6,385,850 (+772%) from 2020

Revenue

Up

$21,077,452

Up $15,109,288 (+253%) from 2020

Expenses

Up

$10,216,907

Up $4,012,406 (+65%) from 2020

Net Income

Up

$10,860,545

Up $11,096,882 (+4695%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$150M$100M$50M$0Assets 2013: $102,572,852Liabilities 2013: $60,324Net Assets 2013: $102,512,5282013Assets 2014: $114,595,144Liabilities 2014: $401,332Net Assets 2014: $114,193,8122014Assets 2015: $105,995,705Liabilities 2015: $1,252,161Net Assets 2015: $104,743,5442015Assets 2016: $61,184,348Liabilities 2016: $1,400,526Net Assets 2016: $59,783,8222016Assets 2017: $71,426,260Liabilities 2017: $1,185,509Net Assets 2017: $70,240,7512017Assets 2018: $75,243,662Liabilities 2018: $1,835,903Net Assets 2018: $73,407,7592018Assets 2019: $79,261,577Liabilities 2019: $2,128,781Net Assets 2019: $77,132,7962019Assets 2020: $82,732,419Liabilities 2020: $826,875Net Assets 2020: $81,905,5442020Assets 2021: $100,083,582Liabilities 2021: $7,212,725Net Assets 2021: $92,870,8572021Assets 2022: $78,603,009Liabilities 2022: $3,456,359Net Assets 2022: $75,146,6502022Assets 2023: $90,763,966Liabilities 2023: $1,717,900Net Assets 2023: $89,046,0662023Assets 2024: $114,578,977Liabilities 2024: $1,009,879Net Assets 2024: $113,569,0982024

Highlighted filing

2021

Assets$100,083,582
Liabilities$7,212,725
Net Assets$92,870,857

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$30M$20M$10M$0-$10MExpenses 2013: $1,997,6802013Revenue 2014: $10,661,183Expenses 2014: $1,799,664Net Income 2014: $8,861,5192014Revenue 2015: $2,964,616Expenses 2015: $7,296,614Net Income 2015: -$4,331,9982015Revenue 2016: $4,826,522Expenses 2016: $1,728,272Net Income 2016: $3,098,2502016Revenue 2017: $7,841,106Expenses 2017: $4,471,376Net Income 2017: $3,369,7302017Revenue 2018: $18,678,290Expenses 2018: $6,659,231Net Income 2018: $12,019,0592018Revenue 2019: $5,951,183Expenses 2019: $2,055,009Net Income 2019: $3,896,1742019Revenue 2020: $5,968,164Expenses 2020: $6,204,501Net Income 2020: -$236,3372020Revenue 2021: $21,077,452Expenses 2021: $10,216,907Net Income 2021: $10,860,5452021Revenue 2022: $6,370,431Expenses 2022: $8,860,333Net Income 2022: -$2,489,9022022Revenue 2023: $8,482,278Expenses 2023: $2,143,976Net Income 2023: $6,338,3022023Revenue 2024: $18,627,468Expenses 2024: $8,803,574Net Income 2024: $9,823,8942024

Highlighted filing

2021

Revenue$21,077,452
Expenses$10,216,907
Net Income$10,860,545
Jump To
Filing Snapshot
Filing Period
Oct 1, 2020 to Sep 30, 2021
Signed
Aug 5, 2022
Return Version
2020v4.0
Gross Receipts
$61,548,806
Mission and Program Overview

Mission

The arlington tomorrow foundation is dedicated to programs that make arlington, texas an exemplary environment to live, learn, work and play.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$66,554,231$66,206,610▼ $347,621
Savings and Temporary Cash Investments$16,074,382$33,767,935▲ $17,693,553
Total Assets$82,732,419$100,083,582▲ $17,351,163
Other Assets Total$103,806$109,037▲ $5,231
Liabilities
Accounts Payable and Accrued Expenses$826,875$7,212,725▲ $6,385,850
Total Liabilities$826,875$7,212,725▲ $6,385,850
Net Assets / Fund Balance
Net Assets With Donor Restrictions$81,905,544$92,870,857▲ $10,965,313
Total Net Assets Fund Balance$81,905,544$92,870,857▲ $10,965,313
Total Liabilities and Net Assets / Fund Balance$82,732,419$100,083,582▲ $17,351,163

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$81,905,544$4,151,671▲ $17,030,549$51,378$92,870,857
2019$78,532,796$4,151,671▲ $5,425,579$25,049$81,905,544
2018$73,407,759$4,152,171▲ $1,627,875$35,220$78,532,796
2017$70,240,751$4,145,117▲ $5,675,122$35,677$73,407,759
2016$59,783,822$4,152,014▲ $10,776,291$36,768$70,240,751
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Carolyn MentesanaExecutive DiFT$147,444$44,524$191,968
Carolyn MentesanaExecutive Director-$137,271$54,697$191,968

Board Members and Trustees

NameTitle
Jeff WilliamsPresident/di
Andrew PielDirector
Dr Ignacio NunezDirector
Helen MoiseDirector
Raul GonzalezDirector
Ruby Faye WoolridgeDirector
Sheri CapehartDirector/sec
Robert ShepardDirector/VP
Dr Barbara Odom-wesleySecretarydir
Marvin SuttonTreasurer/di
Victoria Farrar-myersVice Pres/di
Revenue and Support

Revenue Composition

Contributions and Grants
$4,151,671
Program Service Revenue
$0
Investment Income
$16,925,781
Other Revenue
$0
Change in Net Assets
$10,860,545
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$9,649,747
Salaries, Compensation, and Employee Benefits$379,697
Other Expenses$187,463
Total Fundraising Expense$2,404
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$9,649,747--$9,649,747
Current Officers, Directors, Trustees, and Key Employees-$239,136-$239,136
Other Salaries and Wages-$137,821-$137,821
Fees for Service Investment Mgmnt Fees-$89,870-$89,870
Fees for Services Other$28,974$15,099-$44,073
Conferences and Meetings$20,000--$20,000
Occupancy-$8,737-$8,737
Office Expenses-$8,270-$8,270
Fees for Services Legal-$8,119-$8,119
Advertising-$674$2,404$3,078
Payroll Taxes-$2,364-$2,364
Fees for Services Accounting-$2,290-$2,290
Insurance-$1,664-$1,664
Other Expenses-$1,362-$1,362
Pension Plan Contributions-$376-$376
Total Functional Expenses$9,698,721$515,782$2,404$10,216,907
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
City of ArlingtonArlington, TXGovSee Part Iv$2,711,765
Theatre ArlingtonArlington, TX501c3Renovation Project$2,000,000
National Medal of Honor Museum FdtnArlington, TX501c3Architectural$1,500,000
Impact CenterArlington, TX501c3Impact Center Suppor$1,000,000
University of Texas at ArlingtonArlington, TX501c3Building Project$1,000,000
Health Education Learning ProjectArlington, TX501c3Health & Wellness$383,750
Arlington Museum of ArtArlington, TX501c330 Americans$200,000
Nehemiah Builds FoundationArlington, TX501c3After School Program$125,000
Dr Rw Goines Stem AcademyArlington, TX501c3Stem Curriculum$76,000
Arlington Dr Martin Luther King JrArlington, TX501c32021 Celebration$69,000
Communities Foundation of TexasDallas, TX501c3N TX Giving Day$60,000
Metro Sports Field HouseArlington, TX501c3Field House Study$60,000
Arlington Baptist UniversityArlington, TX501c3Campus Security$50,000
Safehaven of Tarrant CountyArlington, TX501c3Safe Shelter$50,000
American Red Cross Dfw ChapterFort Worth, TX501c3Emergency Vehicle$45,000
Downtown Arlington ManagementArlington, TX501c3Music Festival Healt$44,000
Arlington Urban MinistriesArlington, TX501c3Thriving Families$40,000
Cancer Care ServicesFort Worth, TX501c3Journey of Hope$30,000
River Legacy FoundationArlington, TX501c3Traveling Exhibit$27,500
Arlington Isd Education FoundationArlington, TX501c3Back to School$26,620
United Way of Tarrant CountyFort Worth, TX501c3Mission United Arlin$25,000
Child Study Center at Cooks ChildreFort Worth, TX501c3Childrens Care Fund$20,000
Colorful World FoundationIrving, TX501c3Community Health$20,000
Harvesting in Mansfield Food BankMansfield, TX501c3Operations Expansion$20,000
The Warm PlaceFort Worth, TX501c3Grief Support Projec$20,000
Methodist Justice MinistryFort Worth, TX501c3Legal Representation$15,000
Arlington Kiwanis FoundationArlington, TX501c3H School Supplies$12,000
Community Partners of Tarrant CtyFort Worth, TX501c3Rainbow Room$8,000
Travel & Sports Legacy FoundationArlington, TX501c3Mentoring Program$8,000
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
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
Yes
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, Page 6, Part VI, Line 11B

The form 990 is prepared by an outside cpa firm. Upon completion of the return it is provided to the executive director for review and approval. The return is then provided to the board prior to signing and filing with the internal revenue service.

Form 990, Page 6, Part VI, Line 12C

The board members sign the conflict of interest documents at the annual meeting every october. Additionally, twice a year during grant award deliberations, those conflicts of interest are used to control and disclose to the board conflicts related to applicants requesting grants.

Form 990, Page 6, Part VI, Line 15A

The executive director's salary is approved by the board of directors and the city manager for the city of arlington. The compensation is determined by taking into account information from salary surveys and compensation for similar positions.

Form 990, Page 6, Part VI, Line 19

The governing documents, conflict of interest policy, and financial statements are available upon request.

Form 990, Part VII

The form w-2 for carolyn mentesana was issued by the city of arlington. However, the arlington tomorrow foundation reimbursed the city for her salary and benefits. It is reported as such in column d of part vii.

Filing and Contact Details

Filer

Filer Name
Arlington Tomorrow Foundation
EIN
26-0672468
Phone
8174596419
Address
PO BOX 90231 MS 29-0100, ARLINGTON, TX 76004

Signing Officer

Name
Carolyn Mentesana
Title
Executive Director
Phone
8174596264
Signed
2022-08-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeff Williams
Formed
2007
Legal Domicile
TX
Voting Board Members
9
Independent Board Members
9
Employees
2
Volunteers
7

Preparer

Firm
Sommerville & Associates Pc
Address
3030 MATLOCK RD STE 201, ARLINGTON, TX 76015-2936
Preparer
Shannon Wood CPA
Phone
8177955046
Supplemental Narrative

Additional Explanations

Form 990, Part V

The organization does not directly employ any staff, but rather utilitizes staff employed by the city of arlington. Due to this arrangement the organization does not file a form w-3 or forms 941.

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

The endowment funds have been established at the request of the city of arlington to provide funding for projects and provide for improvements in the quality of life for the citizens of arlington, texas in the following areas: safe neighborhoods strong neighborhoods animal services environment and energy historic preservation arlington workforce youth and families parks and recreation arts and culture libraries and books beautification airport projects cemetary maintenance

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