Overview
What is Quality Of Life Foundation For Metropolitan Dallas?
Quality of Life Foundation for Metropolitan Dallas is a nonprofit organization dedicated to enhancing the cultural, social, and educational aspects of life in the greater Dallas metropolitan area. Their primary mission is to promote the public interest and welfare of this region, acting as an educational organization to better the lives of its citizens. They achieve this by investigating the causes of individuals failing to reach their full potential and disseminating information that broadens and enables the human experience. The foundation also motivates and guides existing institutions, organizations, and individuals to improve the lives of people in the greater Dallas metropolitan area. A notable initiative is the Leadership Dallas class project, a service project led by professionals from various fields such as construction, finance, law, and consulting, aimed at bettering community life.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Stars)
The Quality of Life Foundation for Metropolitan Dallas has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The overall score emphasizes the charity's robust practices in managing funds and adherence to financial transparency, with a notable Accountability & Finance Score of 79%.
A key strength of the organization is its governance structure, which features a board comprised of 80% independent members. This is complemented by strong financial oversight, as evidenced by the presence of an Audit and Oversight Committee and the absence of any material diversion of assets. The charity has also established effective policies regarding conflict of interest, whistleblower protections, and document retention.
However, despite the positive aspects, the foundation struggles with its liabilities to assets ratio, which scored zero points. This may indicate potential concerns regarding financial sustainability or risk management that could impact future operations. Overall, while the foundation demonstrates strong commitment to accountability, attention to improving its financial stability would further enhance its standing.
This AI summary has been generated from information found on Charity Navigator.
Is Quality Of Life Foundation For Metropolitan Dallas legitimate?
Quality Of Life Foundation For Metropolitan Dallas is a legitimate nonprofit organization registered as a 501(c)(3) entity. Quality Of Life Foundation For Metropolitan Dallas submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Quality Of Life Foundation For Metropolitan Dallas?
The Quality of Life Foundation for Metropolitan Dallas has a mission to enhance the educational and community life of the metropolitan area, focusing on cultural and social aspects. The organization seeks to identify ways to improve the cultural, social, and educational aspects of the local residents' lifestyle. It is dedicated to understanding and addressing the reasons why individuals in the area may not be realizing their full potential, and educating them to do so. The foundation gathers and shares information that broadens and enables the human experience, motivating and guiding existing institutions, organizations, and individuals to improve the lives of people in the metropolitan area. It strives to do all that is necessary and helpful to achieve these goals.
Who is the CEO of Quality Of Life Foundation For Metropolitan Dallas?
Dale A Petroskey is the Principal Officer of Quality Of Life Foundation For Metropolitan Dallas.
What is the revenue of Quality Of Life Foundation For Metropolitan Dallas?
Quality Of Life Foundation For Metropolitan Dallas's revenue in 2022 was $752,633.
Who are the executives of Quality Of Life Foundation For Metropolitan Dallas and what are their salaries?
There 60 volunteers at Quality Of Life Foundation For Metropolitan Dallas.
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $639,421
- Other: $357,817
- Compensation: $0
- Related: $402,024
- Other: $133,836
- Compensation: $0
- Related: $203,333
- Other: $51,821
- Compensation: $0
- Related: $38,480
- Other: $3,142
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Quality Of Life Foundation For Metropolitan Dallas?
Quality Of Life Foundation For Metropolitan Dallas's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Quality Of Life Foundation For Metropolitan Dallas
The Quality of Life Foundation for Metropolitan Dallas is an educational organization dedicated to improving the cultural, social, and educational aspects of life in the greater Dallas metropolitan area. Its mission is threefold: firstly, it seeks ways to enhance the lifestyle of the people residing in this area by identifying and addressing the causes of individual failure to reach their full potential. Secondly, it gathers and disseminates information that broadens and enables the human experience, aiming to motivate and guide existing institutions, organizations, and agencies towards improving the lives of the people in the area. Lastly, it does all necessary and helpful things to assist in these endeavors. In essence, the Quality of Life Foundation for Metropolitan Dallas works to foster growth, knowledge, and betterment in the community, inspiring and supporting initiatives that contribute to the overall well-being of its citizens.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Quality of Life Foundation for Metropolitan Dallas significantly enhances the educational and social fabric of the Greater Dallas area. By focusing on cultural and community engagement, the organization effectively promotes welfare and empowerment among its residents.
Through various grants and initiatives, the foundation supports programs aimed at improving education, workforce development, leadership skills, and community participation. A key example is the Leadership Dallas class project, which brings together professionals from diverse fields such as construction, finance, and consulting to address specific community needs.
The foundation actively identifies and seeks solutions for barriers that individuals face in reaching their full potential, providing resources and information that broaden opportunities for personal and communal growth. By motivating and guiding institutions, organizations, and individuals alike, it fosters a collaborative environment where progress and improvement are possible.
In doing so, the Quality of Life Foundation plays a crucial role in uplifting the community, ensuring that the cultural, social, and educational landscapes of Dallas not only thrive but evolve to meet the needs of its residents.
This information is meant to be a general summary of Quality Of Life Foundation For Metropolitan Dallas. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $48,485
- Gross Receipts: $752,633
Assets and Liabilities:
- Total Assets: $446,612
- Total Liabilities: $346,270
- Net Assets: $100,342
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PARTNERS IN EDUCATION
Revenue
$48,485
Organization Details
Founding Year
1969
Phone
(214) 746-6720Principal Officer
Dale A Petroskey
Main Address
500 N Akard Street Suite 2600, Dallas, TX, 75201
NTEE Category
Code: T31 - Philanthropy
If you are a representative of Quality Of Life Foundation For Metropolitan Dallas and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.