Empower Dallas Foundation Inc

Nonprofit profile at a glance

EIN
473245010
IRS 990 coverage
2016–2024
Forms available
Form 990 2024
Location
Dallas, TX, USA
Phone
2146514418
Rating confidence
Limited
Sector
Single Organization Support

Reported finances

Revenue
$0
Expenses
$297,118
Assets
$24,597,856
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • JULIE DIAZ (PRESIDENT)

Highest reported compensation

  • JULIE DIAZ (PRESIDENT): $532,125 total reported compensation
  • TORREY LITTLETON (TREASURER): $290,738 total reported compensation
  • ANGELA WOODSON (SECRETARY): $201,832 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Empower dallas foundation, inc. ("edf") is organized and operated exclusively for charitable, educational and scientific purposes as defined in internal revenue code ("code") section 501(c)(3). Within the scope of the foregoing purposes, edf is organized and operated exclusively as a supporting organization within the meaning of code section 509(a)(3) to the dallas foundation ("tdf"), a Texas nonprofit corporation. Tdf is exempt under section 501(a) of the code as anorganization described in section 501(c)(3) of the code and is a "public charity" described in sections 170(b)(1)(a)(vi) and 509(a)(1) of the code. Tdf is the oldest community foundation in Texas and serves donors and nonprofits throughout north Texas. As a community foundation, tdf offers a range of ways for local philanthropists to assist the community, including donor advised funds, designated and agency endowment funds, field of interest funds, scholarshipfunds, and unrestricted funds.

What it reported doing in 2024

The organization was funded in 2015, and its only operations were planning and coordination for activities post funding.

Operating model

Revenue model
No positive adjusted resources. The filing reports no positive adjusted operating resources.
Distribution model
Hybrid. The nonprofit split its reported program spending across 55% for direct work, and 45% for grants.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: 75
  • Transparency & Controls: 68
  • Accountability: 82
  • Sustainability: 37
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 5 of 9 controls in place; rating input score 56
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: Limited
  • Total-asset coverage ratio: 82.79; rating input score 94; 94th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
  • Officer compensation ratio: 21%; rating input score 13; 13th percentile among comparable filings

Growth

  • Program expense growth: 2.7% per year; rating input score 100; 60th percentile among comparable filings
  • Revenue growth: -39.1% per year; rating input score 0; 10th percentile among comparable filings
  • Asset growth: -4% per year; rating input score 0; 23rd percentile among comparable filings

Details

  • Where the money goes: 100% of spending went to programs
  • Governance: 2 of 2 board members independent · 5 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $297K in reported program spending
  • Leadership: top reported pay $532K · 3 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 16 of 16 current checks pass
  • Schedules: 6 filed schedules · includes grants and executive pay
  • Filing history: 8 filing years from 2016 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 2 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.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Accountability: Governance controls: 4 of 9 not reported.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 13/100.