Overview
What is Highland Dallas Foundation Inc?
The Highland Dallas Foundation serves as a supporting organization, contributing to the welfare of The Dallas Foundation in Texas. This nonprofit entity, as described in the Internal Revenue Code of 1986 (section 509(a)(3)), aims to bolster The Dallas Foundation's mission and capabilities by closely collaborating with it.
What are the reviews and ratings of this charity?
Charity Navigator Rating 77% - Three-Star out of Four Star rating
Highland Dallas Foundation Inc has earned a 77% score from Charity Navigator, reflecting a solid Three-Star rating. This rating indicates a generally good level of accountability and financial health, which is essential for building trust with donors and stakeholders. The organization has shown a strong commitment to transparency, evidenced by its comprehensive financial reporting and robust governance practices.
The foundation demonstrates impressive financial management, particularly with a program expense ratio of 88.87%, showing that a significant portion of its funds is directed towards its missions and programs. Additionally, the charity has no reported liabilities, which suggests a stable financial position with zero risks associated with outstanding debts. Such financial practices highlight the foundation’s dedication to maximizing its impact through effective resource allocation.
However, while the performance metrics are largely positive, the Three-Star rating indicates there could still be areas for improvement. Potential donors may want to consider this rating as part of their decision-making process, acknowledging that while the foundation operates efficiently, there may be opportunities for enhancing its overall performance and transparency further.
This AI summary has been generated from information found on Charity Navigator.
Is Highland Dallas Foundation Inc legitimate?
Highland Dallas Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Highland Dallas Foundation Inc 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
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What is the mission statement of Highland Dallas Foundation Inc?
The Highland Dallas Foundation functions as a supporting organization, working in collaboration with The Dallas Foundation, a Texas-based nonprofit corporation. In accordance with section 509(a)(3) of the Internal Revenue Code of 1986, its primary mission is to aid and enhance the efforts of The Dallas Foundation. By doing so, the Highland Dallas Foundation contributes significantly to the betterment of the nonprofit sector and the communities it serves. Together, these organizations pool resources and expertise to create a more profound impact on various charitable initiatives.
Who is the CEO of Highland Dallas Foundation Inc?
James Dondero is the President, Director of Highland Dallas Foundation Inc.
What is the revenue of Highland Dallas Foundation Inc?
Highland Dallas Foundation Inc's revenue in 2022 was $84,414,679.
Who are the executives of Highland Dallas Foundation Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $304,145
- Other: $12,184
- Compensation: $0
- Related: $575,858
- Other: $37,233
Where can I find the form 990 for Highland Dallas Foundation Inc?
Highland Dallas Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Highland Dallas Foundation Inc
The Highland Dallas Foundation is a supporting organization that plays a significant role in enhancing the capabilities of The Dallas Foundation, a renowned Texas nonprofit corporation. In accordance with Section 509(a)(3) of the Internal Revenue Code of 1986, this foundation provides valuable assistance and support to its beneficiary, The Dallas Foundation.
Established as a separate entity, the Highland Dallas Foundation contributes to the mission of The Dallas Foundation by working in close collaboration and alignment. This partnership enables The Dallas Foundation to expand its reach and impact in the community, making a difference in various initiatives aimed at bettering the lives of people in need. The Highland Dallas Foundation's commitment to supporting and benefiting The Dallas Foundation is unwavering, ensuring the continued growth and success of this Texas nonprofit organization.
The Highland Dallas Foundation functions as an integral part of The Dallas Foundation's structure, fostering a strong synergy between the two entities. By operating as a supporting organization, it bolsters The Dallas Foundation's resources and capabilities, allowing it to effectively carry out its mission and make a positive impact on the community.
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Impact
October, 2024
Highland Dallas Foundation Inc significantly impacts the philanthropic landscape in Dallas by providing crucial support to The Dallas Foundation. Through its organizational structure as a supporting organization, it enhances the foundation's capacity to address community needs and promote charitable initiatives. This relationship facilitates increased resources, strategic partnerships, and a broader reach for various programs that benefit the Dallas community. By focusing on philanthropy, Highland Dallas Foundation Inc plays a vital role in bolstering community development, addressing social issues, and fostering a culture of giving in the region.
This information is meant to be a general summary of Highland Dallas Foundation Inc. 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.
- Investment Income: $50,441,581
- Gross Receipts: $84,414,679
Assets and Liabilities:
- Total Assets: $130,821,286
- Total Liabilities: $0
- Net Assets: $130,821,286
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Organization Details
Founding Year
2011
Phone
(214) 276-6300Principal Officer
James Dondero
Main Address
2101 CEDAR SPRINGS SUITE 1200, DALLAS, TX, 75201
NTEE Category
Code: T113 - Philanthropy
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