2024-10-24T10:44:48-05:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 420 SOUTH ORANGE AVENUE SUITE 900 ORLANDO FL 32801 990 2023-01-01 510163529 PHILANTHROPY SOUTHWEST PHIL 2147401787 3000 PEGASUS PARK DRIVE SUITE 706 DALLAS TX 752476204 ANTHONY J FUNDARO PRESIDENT & CEO 2147401787 2024-10-14 1 0 LACEY M QUATSOE P01300865 4078021200 2024-10-08 2023 2024-10-15 13:58:12Z ANTHONY J FUNDARO 3000 PEGASUS PARK DRIVE SUITE 706 DALLAS TX 752476204 3653873 0 X WWW.PHILANTHROPYSOUTHWEST.ORG X 1975 TX FOSTER PHILANTHROPY AND RELATIONSHIPS THAT IMPACT THE SOUTHWEST'S PEOPLE AND COMMUNITIES. 14 14 7 62 0 0 1512692 2015543 508805 604635 23171 57762 5891 478 2050559 2678418 0 0 0 0 667295 829605 0 0 202524 1140419 1495485 1807714 2325090 242845 353328 2268165 2398110 803195 495862 1464970 1902248 X FOSTER MEANINGFUL PHILANTHROPY AND TRUSTED RELATIONSHIPS THAT IMPACT THE SOUTHWEST REGION'S PEOPLE, COMMUNITIES, AND MOST PRESSING ISSUES.PHILANTHROPY SOUTHWEST (PSW) MEMBERSHIP IS ABOUT VALUABLE CONNECTIONS AND LEADING-EDGE LEARNING THAT RESULT IN STRONGER PHILANTHROPY, BOTH WITHIN YOUR FOUNDATION AND ACROSS OUR REGION. THE CHALLENGES THAT PEOPLE AND COMMUNITIES IN OUR REGION FACE ARE MANY AND UNIQUE, AND AT PSW WE BELIEVE THAT PHILANTHROPY, WHEN DONE WELL, CAN BE A HUGE PART OF THE SOLUTION. THAT'S WHY WE BRING TOGETHER MANY OF THE MOST TALENTED, PASSIONATE, AND DIVERSE PHILANTHROPIC LEADERS IN THE REGION, TO LEARN FROM EACH OTHER AND HELP EACH OTHER GROW. OUR MEMBERS TELL US THAT WHAT THEY VALUE MOST ABOUT PSW IS RELATIONSHIPS, PROFESSIONAL LEARNING, FOCUS ON THE SOUTHWEST, ADVOCACY, INNOVATION, AND DIVERSITY. 1 0 1226372 511400 IN-PERSON ANNUAL CONFERENCE: THERE WERE 512 INDIVIDUALS REGISTERED FOR THE 75TH ANNUAL CONFERENCE, INCLUDING MEMBER, NON-MEMBER, SPEAKERS (111), AND SPOUSE/GUEST REGISTRANTS. THE CONFERENCE INCLUDED FOUR PLENARY SESSIONS AND 32 BREAKOUT SESSIONS, NETWORKING EVENTS, SITE VISITS, PRE-CONFERENCE SESSIONS, THE 75TH ANNIVERSARY CELEBRATION AND CELEBRATION OF PHILANTHROPY DINNER, CEO / ED BREAKFAST. OTHER THAN MEMBER DUES, THIS IS THE PRIMARY FUNDRAISING EVENT FOR PSW. 300383 61826 ONGOING MEMBER SERVICES:PSW IS COMMITTED TO CONNECTED, IMPACTFUL PHILANTHROPY BY PROVIDING RESPONSIVE AND TIMELY SERVICES, RESOURCES AND EDUCATIONAL PROGRAMMING TO ITS MEMBERS. TO THAT END PSW PROVIDED: LEADERSHIP DEVELOPMENT OPPORTUNITIES, PROFESSIONAL DEVELOPMENT, ONLINE EDUCATIONAL EXCHANGE COMMITTED TO MEMBER PROFESSIONAL DEVELOPMENT DYNAMIC AND TAILORED LEARNING EXPERIENCES, CONNECTION OPPORTUNITIES, ONE SOUTHWESTERN VOICE TO PROMOTE & DEFEND PHILANTHROPY EFFECTIVELY, SECTOR RESOURCES AND DISCOUNTS, NEWSLETTERS, LEGISLATIVE UPDATES, RESEARCH STUDIES - DEMOGRAPHIC, RURAL, URBAN.AS PSW REFLECTS ON THE PAST 75 YEARS, PSW IS EXCITED TO SHARE HOW WE ARE PRESERVING OUR LEGACY, SHOWCASING OUR STORY, AND FURTHERING OUR MISSION FOR THE FUTURE OF PSW.- PRESERVING OUR LEGACY: WITH THE SUPPORT OF MEMORY FORWARD, PSW HAS COMPILED AN EXTENSIVE COLLECTION OF PHOTOS, DOCUMENTS, AND MORE TO CHRONICLE OUR 75-YEAR HISTORY.- SHOWCASING OUR STORY: TO COMMEMORATE THE 75TH ANNIVERSARY, WE CREATED A DOCUMENTARY TO HIGHLIGHT THE REMARKABLE JOURNEY OF PSW. PRODUCED BY THE FAMILY PICTURES INSTITUTE FOR INCLUSIVE STORYTELLING AND PREMIERED AT OUR CELEBRATION OF PHILANTHROPY EVENT HELD AT THE DRISKILL (THE LOCATION OF OUR FOUNDERS' FIRST MEETING), THE FILM FOLLOWS PSW FROM ITS FOUNDING TO TODAY TO OUR VISION FOR THE FUTURE. 251680 31409 EDUCATIONAL SEMINARS: PSW OFFERS A NUMBER OF EDUCATIONAL AND PROFESSIONAL LEARNING OPPORTUNITIES ON A VARIETY OF TOPICS DESIGNED TO ASSIST ITS MEMBERS WITH ALL ASPECTS OF OPERATING CHARITABLE ORGANIZATIONS EFFICIENTLY, EFFECTIVELY, AND WITHIN THE LEGAL FRAMEWORK OF THE INTERNAL REVENUE CODE AS WELL AS THE STATUTES OF THEIR RESPECTIVE STATES. OFFERINGS INCLUDED THE FOLLOWING: UNIVERSITY OF TEXAS LAW SCHOOL NONPROFIT ORGANIZATIONS INSTITUTE: OVER 250 PEOPLE ATTENDED THIS PROGRAM LED BY NATIONAL EXPERTS FROM PRIVATE FOUNDATIONS, NONPROFIT ORGANIZATIONS, LAW, FINANCE AND GOVERNMENTAL ENTITIES. TOPICS INCLUDED DISCUSSIONS ON TAX, LEGISLATIVE, AND GOVERNANCE ISSUES AFFECTING PRIVATE FOUNDATIONS AND NONPROFIT ORGANIZATIONS. OTHER SESSION TOPICS INCLUDED DATA PROTECTION, CRISIS MANAGEMENT, RISK MANAGEMENT, GRANTMAKING, INVESTMENTS, COMPLIANCE AND REPORTING.WEBINARS: "FEDERAL DAF REGULATIONS FROM TREASURY: HOW THEY IMPACT YOUR ORGANIZATION AND "IMPROVING MENTAL HEALTH FOR TEXAS KIDS IN FOSTER CARE".PSW ON THE ROAD EVENTS: HELD IN 5 LOCATIONS, WITH 158 ATTENDEES - OKLAHOMA CITY, OK, FORT WORTH, TX, DENVER, CO, AND SANTA FE, NM 1778435 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 18 0 1 7 1 0 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 X X ANTHONY FUNDARO 2147401787 3000 PEGASUS PARK DRIVE SUITE 706 DALLAS TX 75247 MATTHEW RANDAZZO CHAIR/BOARD MEMBER - THRU 8/2023 2.00 X X 0 0 0 FELICIA CHASE GOODMAN CHAIR/BOARD MEMBER - AS OF 9/2023 2.00 X X 0 0 0 JO CARCEDO IMMEDIATE PAST PRESIDENT 2.00 X X 0 0 0 BONNIE GONZALEZ SECRETARY/BOARD MEMBER 2.00 X X 0 0 0 KATIE ROBBINS TREASURER/BOARD MEMBER 2.00 X X 0 0 0 KATIE ALFORD BOARD MEMBER 1.00 X 0 0 0 KELLEY BARNES BOARD MEMBER 1.00 X 0 0 0 STACEY EASTERLING BOARD MEMBER 1.00 X 0 0 0 KATHLEEN M GIBSON BOARD MEMBER 1.00 X 0 0 0 RONALD LEWIS BOARD MEMBER - AS OF 7/2023 1.00 X 0 0 0 MICHAEL MARTINEZ BOARD MEMBER 1.00 X 0 0 0 TERESA ROSE BOARD MEMBER 1.00 X 0 0 0 TRACEY STEWART BOARD MEMBER 1.00 X 0 0 0 SHELLEY SWEATT BOARD MEMBER 1.00 X 0 0 0 ABEL WURMNEST BOARD MEMBER 1.00 X 0 0 0 ANTHONY FUNDARO PRESIDENT/CEO 40.00 X 206033 0 56838 AL JAMES VICE PRESIDENT 40.00 X 107408 0 23232 MALLORY DRIGGERS EXECUTIVE VICE PRESIDENT 40.00 X 104842 0 16873 418283 0 96943 3 0 1 0 0 680778 1334765 2015543 ANNUAL CONFERENCE FEES 541900 511400 511400 ONGOING MEMBER SERVICE 541900 61826 61826 EDUCATIONAL SEMINAR FE 541900 31409 31409 604635 39146 39146 994071 975455 18616 18616 18616 PROCESSING FEES 900099 478 478 478 2678418 604635 0 58240 262870 123549 78861 60460 445265 266952 108193 70120 39017 23202 9969 5846 36527 23582 8134 4811 45926 25653 11987 8286 128 128 64212 64212 69748 49202 16393 4153 93113 79477 11215 2421 16603 14351 1991 261 46538 33974 10237 2327 87296 62856 6605 17835 699377 690300 978 8099 10747 8490 1612 645 8297 2490 5807 PROGRAM EXPENSE 321416 305346 16070 PUBLIC POLICY INITIATIV 60000 60000 PROFESSIONAL DEVELOP. 11901 2975 7736 1190 RECOGNITIONS 4628 4628 1481 1408 73 2325090 1778435 344131 202524 616160 277894 120641 0 6134 212500 14600 41652 77498 55066 72796 43182 38104 29614 1080040 1496748 314988 284636 2268165 2398110 465919 42423 21451 165455 315825 287984 803195 495862 X 1395970 1788248 69000 114000 1464970 1902248 2268165 2398110 353328 83950 0 X 0 1 X 1 0 X 1005848 1296498 1162683 1512692 2015543 6993264 312131 59271 290800 508805 604635 1775642 1317979 1355769 1453483 2021497 2620178 8768906 251598 354172 217570 374685 485793 1683818 47944 1239 208 49391 299542 355411 217778 374685 485793 1733209 7035697 31570 17566 25705 23171 39146 137158 31570 17566 25705 23171 39146 137158 3264 2788 5891 478 12421 1352813 1376123 1479188 2050559 2659802 8918485 0.78890 0.75460 0.01540 0.01710 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2019 AMOUNT: $ 3,264. 2020 AMOUNT: $ 2,788. 2022 AMOUNT: $ 5,891. 2023 AMOUNT: $ 478. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 866344 122557 7781 981120 1019439 -152345 750 866344 882895 137888 1344 1019439 822080 71371 10556 882895 686664 146336 10920 822080 1.00000 0 0 3180 2797 383 69616 40385 29231 29614 RIGHT OF USE ASSET 284636 284636 OPERATING LEASE LIABILITY 287984 287984 X 2762368 83950 83950 2678418 0 2678418 2325090 0 2325090 0 2325090 PART V, LINE 4: BOARD DESIGNATED FUNDS ARE INTENDED AS A RESERVE. THE BOARD TRANSFERS EARNINGS TO OPERATIONS AS NEEDED. PART X, LINE 2: THE ORGANIZATION IS A NONPROFIT ENTITY EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3); THEREFORE, NO PROVISION FOR FEDERAL INCOME TAXES HAS BEEN INCLUDED IN THE FINANCIAL STATEMENTS. TAXES ARE PAID ON NET INCOME EARNED FROM SOURCES UNRELATED TO THE EXEMPT PURPOSES. THERE WAS NO NET INCOME FROM UNRELATED BUSINESS FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022. THE ORGANIZATION HAS ADOPTED THE REQUIREMENTS FOR ACCOUNTING FOR UNCERTAIN TAX POSITIONS. THE ORGANIZATION DETERMINED THAT IT IS NOT REQUIRED TO RECORD A LIABILITY RELATED TO UNCERTAIN TAX POSITIONS FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022. THE ORGANIZATION FILES AS A TAX-EXEMPT ORGANIZATION. ITS TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. TAX RETURNS ARE OPEN FOR AUDIT BY THESE AUTHORITIES FOR THREE YEARS FROM THE DUE DATE OF THE RETURN OF THE DATE ACTUALLY FILED. X X X X 0 0 0 0 0 0 0 1 0 ANTHONY FUNDARO PRESIDENT/CEO 168878 0 37155 0 0 0 20936 0 35902 0 262871 0 0 0 PART I, LINE 7 THE BONUS PAID TO THE CEO WAS BASED ON ATTAINMENT OF INCENTIVE GOALS ESTABLISHED BY THE BOARD OF DIRECTORS AND WAS BASED ON BOTH QUALITATIVE AND QUANTITATIVE MEASUREMENTS. FORM 990, PART III, LINE 2 75TH ANNIVERSARY ARCHIVAL PROJECT AND DOCUMENTARY CREATION FORM 990, PART VI, SECTION A, LINE 1A THERE SHALL BE AN EXECUTIVE COMMITTEE TO ACT IN THE ABSENCE OF THE BOARD AND ON BEHALF OF THE BOARD BETWEEN BOARD MEETINGS AND SHALL BE COMPOSED OF CHAIR, IMMEDIATE PAST CHAIR AND VICE CHAIR, SECRETARY, TREASURER, THE CHAIR OF THE GOVERNANCE COMMITTEE, AND UP TO TWO (2) AT- LARGE BOARD MEMBERS. THE EXECUTIVE COMMITTEE SHALL HAVE AND MAY EXERCISE THE POWERS OF THE BOARD OF DIRECTORS IN THE MANAGEMENT OF THE BUSINESS AND AFFAIRS OF THE CORPORATION WHILE THE BOARD IS NOT IN SESSION, SUBJECT TO SUCH LIMITATIONS AS MAY BE INCLUDED IN THE BOARD'S RESOLUTION, PROVIDED THAT THE EXECUTIVE COMMITTEE SHALL NOT HAVE THE AUTHORITY OF THE BOARD OF DIRECTORS IN REFERENCE TO THE FOLLOWING MATTERS: (A) FILLING VACANCIES ON THE BOARD OF DIRECTORS OR ON ANY COMMITTEE OF THE BOARD OR APPOINTED BY THE BOARD; (B) ADOPTION, AMENDMENT OR REPEAL OF BYLAWS; (C) ADOPTION OF A PLAN OF MERGER OR CONSOLIDATION WITH ANOTHER CORPORATION; OR (D) AUTHORIZING THE SALE, LEASE, OR EXCHANGE OF ALL OR SUBSTANTIALLY ALL OF THE ASSETS OF THE CORPORATION. THE EXECUTIVE COMMITTEE ALSO SHALL CONDUCT AN ANNUAL PERFORMANCE EVALUATION OF THE CEO AND SHALL RECOMMEND TO THE BOARD THE COMPENSATION OF THE CEO. FORM 990, PART VI, SECTION A, LINE 6 PSW'S MEMBERS WILL INCLUDE TWO CLASSES OF MEMBERSHIP: (1) ORGANIZATIONS AND (2) INDIVIDUALS. A. ORGANIZATIONAL MEMBERS ARE THOSE ENTITIES THAT HAVE A PROFESSIONAL INTEREST IN THE WORK OF THE CORPORATION. B. INDIVIDUAL MEMBERS ARE THOSE PERSONS WHO HAVE AN INTEREST IN THE WORK OF THE CORPORATION. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER SHALL BE ELIGIBLE TO VOTE IN ELECTIONS OF THE BOARD OF DIRECTORS FROM THE MEMBERS; PROVIDED, HOWEVER, UP TO TWO (2) DIRECTORS MAY BE NON-MEMBERS. EACH MEMBER MUST PROVIDE THE NAME OF THE CURRENT VOTING REPRESENTATIVE OF THE MEMBER IN WRITING TO THE BOARD AND MUST PROVIDE WRITTEN NOTICES OF ANY CHANGE OF VOTING REPRESENTATIVE. FORM 990, PART VI, SECTION A, LINE 7B EACH MEMBER SHALL BE ELIGIBLE TO VOTE FOR VOTING ISSUES DOCUMENTED IN THE BYLAWS AND FOR OTHER ISSUES FOR WHICH THE BOARD CALLS FOR A MEMBERSHIP VOTE. EACH MEMBER MUST PROVIDE THE NAME OF THE CURRENT VOTING REPRESENTATIVE OF THE MEMBER IN WRITING TO THE BOARD AND MUST PROVIDE WRITTEN NOTICES OF ANY CHANGE OF VOTING REPRESENTATIVE. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT AND FINANCE COMMITTEE, A STANDING PSW COMMITTEE, REVIEWS THE FORM 990 AFTER THAT SAME COMMITTEE HAS REVIEWED THE AUDIT DRAFT TO ENSURE CONSISTENCY AND ACCURACY OF RESPONSES. THE RETURN IS THEN FORWARDED TO THE FULL BOARD FOR REVIEW AND COMMENTS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS MONITORS COMPLIANCE WITH PSW'S CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS BY (1) REVIEWING THE POLICY ANNUALLY AND (2) ENSURING THAT EACH STAFF AND MEMBER OF THE BOARD HAS ACKNOWLEDGED IN WRITING THEY HAVE READ THE POLICY AND AGREED TO COMPLY. IF A CONFLICT OF INTERESTS EXISTS, THE PERSON WITH THE CONFLICT OF INTEREST DOES NOT PARTICIPATE IN ANY DELIBERATION/VOTE ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15A THE FULL BOARD OF DIRECTORS DESIRES PSW'S SALARY SYSTEM TO BE MARKET COMPETITIVE. THE ORGANIZATION UTILIZES THE ANNUAL SALARY SURVEY REPORT PREPARED BY UNITED PHILANTHROPY FORUM FOR ALL PSOS IN THE U.S. THE EXECUTIVE COMMITTEE ALSO HAS ACCESS TO THE SALARIES PAID BY ITS COUNTERPARTS ACROSS THE COUNTRY VIA AN ANNUAL REPORT OF THE GIVING FORUM. ANNUALLY THE EXECUTIVE COMMITTEE CONDUCTS A REVIEW OF THE PRESIDENT/CEO'S PERFORMANCE, SKILLS, COMPETENCIES, DEVELOPMENT AND GROWTH, AND EFFECTIVE VISIBLE COMMITMENT TO THE CONFERENCE. BASED ON THIS REVIEW, THE EXECUTIVE COMMITTEE THEN RECOMMENDS THE PRESIDENT/CEO'S COMPENSATION TO THE FULL BOARD. ALL DELIBERATIONS AND DECISIONS ON CEO COMPENSATION ARE DOCUMENTED CONTEMPORANEOUSLY. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND THE CONFLICT OF INTEREST POLICY ARE PROVIDED TO THE PUBLIC UPON REQUEST AND TO MEMBERS VIA ITS WEBSITE.