Nonprofit · EIN 23-7360214
QUALITY OF LIFE FOUNDATION FOR METROPOLITAN DALLAS
Tax-exempt · DALLAS, TX 75201
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $281,782 | $509,948 | -$228,166 | $6,812 | $0 | $6,812 |
| December 31, 2023 | 990 | $728,640 | $594,004 | $134,636 | $239,767 | $4,789 | $234,978 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $281,782
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $486,166
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $489,948
- Management and general (functional)
- $20,000
Balance sheet and other
- Total assets, start of year
- $239,767
- Total assets, end of year
- $6,812
- Total liabilities, end of year
- $0
- Net assets, end of year
- $6,812
- Net assets with donor restrictions
- $6,812
- Gross receipts
- $281,782
- Employees
- 0
- Volunteers
- 59
- Year formed
- 1969
- State of legal domicile
- TX
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Dale Petroskey | President Trustee or director, Officer | 1 | $0 | $756,229 | $37,003 |
| Angela Farley | Treasurer Officer | 1 | $0 | $390,503 | $28,264 |
| Latosha Herron Bruff | Board Secretary Officer | 1 | $0 | $217,037 | $34,413 |
| Jarrad Toussant | Vice President Officer | 1 | $0 | $214,721 | $18,308 |
| Cynt Marshall | DRC Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Jim Springfield | DRC Chair-Elect Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Rafael Lizardi | DRC Immediate Past Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DALE PETROSKEY | President Trustee or director, Officer | 1 | $0 | $625,224 | $381,118 |
| ANGELA FARLEY | Treasurer Officer | 1 | $0 | $378,964 | $138,984 |
| LATOSHA HERRON-BRUFF | board secretary Officer | 1 | $0 | $211,083 | $73,108 |
| JARRAD TOUSSANT | Vice President Officer | 1 | $0 | $210,753 | $54,389 |
| BOB PRAGADA | DRC IMMEDIATE PAST CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| CYNT MARSHALL | DRC Chair Elect 2024 Trustee or director, Officer | 1 | $0 | $0 | $0 |
| RAFAEL LIZARDI | DRC CHAIR PERSON Trustee or director, Officer | 1 | $0 | $0 | $0 |
| RAY SEDEY | DRC BOARD SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 500 N AKARD ST STE 2600, DALLAS, TX 75201-3318
- In care of
- % ANGELA FARLEY
- Principal officer (990 for 2024)
- DALE A PETROSKEY, 500 N AKARD STREET SUITE 2600, DALLAS, TX 75201
- Signed the 990
- ANGELA FARLEY, TREASURER
- Phone
- (214) 746-6600
- Return prepared by
- Forvis Mazars LLP
Mission
SEE Schedule O FOR FULL VERBIAGE.
Program accomplishments
- Quality of Life Foundation for Metropolitan Dallas provided grants for programs in the areas of Education & Workforce, Talent Strategies & Leadership, Economic Development, Public Policy and Diversity, Inclusion & Community Engagement, all of which benefited the region's business's and under-championed communities.Expenses $325,000 · grants $325,000
- Quality 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.Expenses $104,166 · grants $104,166
- A 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.Expenses $57,000 · grants $57,000
- 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.Expenses $3,782
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7360214
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1974
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T31)
- Assets (IRS master file)
- $6,812
- Income (IRS master file)
- $281,782
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $281,782 | $509,948 | $6,812 | XML |
| 990 | December 2023 | $728,640 | $594,004 | $239,767 | XML |
| 990 | December 2022 | $752,633 | $832,009 | $446,612 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7360214).
Questions about QUALITY OF LIFE FOUNDATION FOR METROPOLITAN DALLAS
- What is the EIN of QUALITY OF LIFE FOUNDATION FOR METROPOLITAN DALLAS?
- The employer identification number (EIN) of QUALITY OF LIFE FOUNDATION FOR METROPOLITAN DALLAS is 23-7360214.
- Is QUALITY OF LIFE FOUNDATION FOR METROPOLITAN DALLAS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1974.
- Are donations to QUALITY OF LIFE FOUNDATION FOR METROPOLITAN DALLAS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does QUALITY OF LIFE FOUNDATION FOR METROPOLITAN DALLAS file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of QUALITY OF LIFE FOUNDATION FOR METROPOLITAN DALLAS due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did QUALITY OF LIFE FOUNDATION FOR METROPOLITAN DALLAS last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of QUALITY OF LIFE FOUNDATION FOR METROPOLITAN DALLAS?
- The 990 for the year ended December 31, 2024 names DALE A PETROSKEY.
- Who are the officers and directors of QUALITY OF LIFE FOUNDATION FOR METROPOLITAN DALLAS?
- The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does QUALITY OF LIFE FOUNDATION FOR METROPOLITAN DALLAS have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $281,782, expenses of $509,948 and total assets of $6,812 at year end.
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