Nonprofit · EIN 75-2940683
DALLAS MOMENTUM INC
Tax-exempt · DALLAS, TX 75201
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $3,217,125 | $3,191,056 | $26,069 | $213,892 | $0 | $213,892 |
| December 31, 2023 | 990 | $3,342,724 | $3,214,189 | $128,535 | $177,823 | $0 | $177,823 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $3,217,125
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $2,910,000
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
Balance sheet and other
- Total assets, start of year
- $177,823
- Total assets, end of year
- $213,892
- Total liabilities, end of year
- $0
- Net assets, end of year
- $213,892
- Net assets with donor restrictions
- $213,892
- Gross receipts
- $3,217,125
- Employees
- 0
- Volunteers
- 4
- Year formed
- 2001
- 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 |
| Mike Rosa | Vice President Officer | 1 | $0 | $278,724 | $33,239 |
| Latosha Herron Bruff | Board Secretary Officer | 1 | $0 | $217,037 | $34,413 |
| 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 |
| MICHAEL ROSA | VICE-PRESIDENT Officer | 1 | $0 | $266,115 | $78,023 |
| LATOSHA HERRON-BRUFF | BOARD SECRETARY Officer | 1 | $0 | $211,083 | $73,108 |
| BOB PRAGADA | DRC Immediate Past Chair 2022 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 CHAIRPERSON OF THE BOARD 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
THE EXCLUSIVE PURPOSE OF THE CORPORATION IS TO PROMOTE THE ECONOMIC AND CIVIC PROSPERITY OF THE GREATER DALLAS, TEXAS COMMUNITY IN CONJUNCTION WITH AND IN SUPPORT OF THE CHARITABLE ACTIVITIES OF THE DALLAS REGIONAL CHAMBER, A TEXAS NONPROFIT CORPORATION, PARTICULARLY TO: 1. DEVELOP BUSINESS IN THE GREATER METROPOLITAN AREA OF DALLAS, TEXAS; AND 2. PROMOTE DOMESTIC AND GLOBAL MARKETING OF THE GREATER METROPOLITAN AREA OF DALLAS, TEXAS, AS A BUSINESS DESTINATION, ALL AS DETERMINED BY THE BOARD OF DIRECTORS OF THE CORPORATION (THE BOARD) AND WHICH PURPOSE SHALL IN ALL EVENTS BE CONSTRUED EXCLUSIVELY FOR CHARITABLE PURPOSE WITHIN THE MEANING OF SECTION 501(C)(6) OF THE IRC AND UNDER THE LAWS OF THE STATE OF TEXAS.
Program accomplishments
- Provided grants for the Dallas Regional Chamber Programs in the areas of Economic Development, Innovation & Research, Diversity, Inclusion & Community Engagement, Public Policy, Education & Workforce, Talent Strategies & Leadership, and Communications, Marketing & Events, all benefitting the Region's businesses and communities. These programs are developed, implemented and completed by specific department teams within the Dallas Regional Chamber, a related organization, to support economic development, civil prosperity and other community activities and needs in the region.
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
- 75-2940683
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2001
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S46)
- Assets (IRS master file)
- $213,892
- Income (IRS master file)
- $3,217,125
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $3,217,125 | $3,191,056 | $213,892 | XML |
| 990 | December 2023 | $3,342,724 | $3,214,189 | $177,823 | XML |
| 990 | December 2022 | $3,224,672 | $3,684,072 | $334,090 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 75-2940683).
Questions about DALLAS MOMENTUM INC
- What is the EIN of DALLAS MOMENTUM INC?
- The employer identification number (EIN) of DALLAS MOMENTUM INC is 75-2940683.
- Is DALLAS MOMENTUM INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2001.
- Are donations to DALLAS MOMENTUM INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does DALLAS MOMENTUM INC 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 DALLAS MOMENTUM INC 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 DALLAS MOMENTUM INC 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 DALLAS MOMENTUM INC?
- The 990 for the year ended December 31, 2024 names DALE A PETROSKEY.
- Who are the officers and directors of DALLAS MOMENTUM INC?
- The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does DALLAS MOMENTUM INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $3,217,125, expenses of $3,191,056 and total assets of $213,892 at year end.
Other nonprofits in DALLAS
- TRINITY PARK CONSERVANCY EIN 20-2948236 · last filed 990 for 2025
- DALLAS TOURISM PUBLIC IMPROVEMENT DISTRICT CORPORATION EIN 61-1689405 · last filed 990 for 2025
- SOUTHERN GATEWAY PUBLIC GREEN FOUNDATION EIN 82-3991844 · last filed 990 for 2025
- SALESMANSHIP CLUB OF DALLAS EIN 75-0717135 · last filed 990 for 2025
- FOREST FORWARD EIN 85-1581238 · last filed 990 for 2024
- SALESMANSHIP CLUB FOUNDATION EIN 75-2439715 · last filed 990 for 2025
- GLOBAL SEMICONDUCOTR ALLIANCE EIN 77-0376600 · last filed 990 for 2024
- CINCO RANCH RESIDENTIAL ASSOCIATION EIN 20-5892700 · last filed 990 for 2024
All nonprofits in DALLAS · Texas · Community improvement and capacity building