Communities Foundation of Texas
Legal name: Communities Foundation of Texas Inc
Nonprofit profile at a glance
- EIN
- 750964565
- IRS 990 coverage
- 2009–2024
- Official website data refreshed
- Jul 2026
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Dallas, TX, United States
- Phone
- 214-750-4222
- Rating
- 88
- Verdict
- STRONG
- Rating confidence
- Standard
- Sector
- Community Foundations
Reported finances
- Revenue
- $341,607,358
- Expenses
- $264,298,922
- Assets
- $1,168,653,123
- Liabilities
- $96,344,953
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
41 people listed
Executive titles in this filing
- WAYNE WHITE (PRESIDENT AND CEO)
Highest reported compensation
- WAYNE WHITE (PRESIDENT AND CEO): $591,178 total reported compensation
- JAMES T BERRY (SR. VP & CFO & TREASURER): $438,474 total reported compensation
- JOHN J FITZPATRICK (EXEC. DIRECTOR - EDTX (THRU 9/6/24)): $412,362 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To improve the lives of all people in our community by investing in their health, wealth, living, and learning—working to grow community giving and expand community impact. Hosting customized **family volunteer service** projects Charitable goal-setting Our team works with you to identify your giving style, passions, and desired outcomes. Together, we develop a charitable mission statement, identify community needs, and help you formulate strategies to address them. We also provide ongoing evaluations of your funding to ensure that the intent of your giving is realized. Our team works with you to identify your giving style, passions, and desired outcomes. We also provide ongoing evaluations of your funding to ensure that the intent of your giving is...
What it reported doing in 2024
Educate Texas, a public-private initiative of communities foundation of Texas, is an innovative alliance of public and private groups that share a common goal improving the public education system so that every Texas student is prepared for success in school, in the workforce, and in life.
Operating model
- Revenue model
- Donor-supported. 81% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 92% of its reported program spending out as grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Reported officer compensation is a large share of total spending, which may reflect staffing concentration and some filed totals do not add up.
Rating breakdown
- Financial Efficiency: 86
- Transparency & Controls: 80
- Accountability: 100
- Sustainability: 83
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 84.5%; rating input score 84
- Program expense ratio: 92.3%; rating input score 92
- Fundraising efficiency: $65.92 raised per $1 spent on fundraising; rating input score 79; 79th percentile among comparable filings
Transparency & Controls
- Consistency checks: 93.8%; rating input score 94; 25th percentile among comparable filings
- Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: 1 of 8 controls in place; rating input score 12
- Claims monitoring procedures: Pass
- Requires narrative reports: Limited
- Conducts field audits: Limited
- May suspend future funding: Limited
- Requires financial reports: Limited
- Conducts site visits: Limited
- Requires grant agreements: Limited
- May require repayment: Limited
- Grant itemization coverage: 97.7%; rating input score 98; 33rd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 22.6%; rating input score 89; 89th percentile among comparable filings
- Total-asset coverage ratio: 4.42; rating input score 83; 83rd percentile among comparable filings
- Liabilities to assets ratio: 0.08; rating input score 85; 85th percentile among comparable filings
- Officer compensation ratio: 2.1%; rating input score 54; 54th percentile among comparable filings
Growth
- Program expense growth: 7.4% per year; rating input score 100; 60th percentile among comparable filings
- Revenue growth: 8.4% per year; rating input score 100; 69th percentile among comparable filings
- Asset growth: 6.1% per year; rating input score 100; 45th percentile among comparable filings
Details
- What they do: 7 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 84.5% of revenue deployed · 92.3% of spending went to programs
- Governance: 19 of 19 board members independent · 9 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $244M in reported program spending
- Leadership: top reported pay $591K · 41 people listed · 5 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $2.5M reported
- Consistency: 41 of 42 current checks pass · 1 finding to review
- Schedules: 10 filed schedules · includes major donors, foreign activity, grants, executive pay, and related organizations
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 2229 filed money-flow records
- Related organizations: 2214 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Sustainability: Officer compensation ratio scored 54/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.