Philanthropy Southwest

Nonprofit profile at a glance

EIN
510163529
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Dallas, TX, USA
Phone
2147401787
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate

Official website

Reported finances

Revenue
$2,325,710
Expenses
$2,186,477
Assets
$2,671,388
Liabilities
$509,830

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

Leadership & pay

18 people listed

Executive titles in this filing

  • ANTHONY FUNDARO (PRESIDENT/CEO)
  • MALLORY DRIGGERS (EXECUTIVE VICE PRESIDENT)

Highest reported compensation

  • ANTHONY FUNDARO (PRESIDENT/CEO): $260,960 total reported compensation
  • MALLORY DRIGGERS (EXECUTIVE VICE PRESIDENT): $152,248 total reported compensation

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

Overview

Mission

Foster meaningful philanthropy and trusted relationships that impact the southwest region's people, communities, and most pressing issues.philanthropy southwest (psw) membership is about valuable connections and leading-edge learning that result in stronger philanthropy, both within your foundation and across our region. The challenges that people and communities in our region face are many and unique, and at psw we believe that philanthropy, when done well, can be a huge part of the solution. That's why we bring together many of the most talented, passionate, and diverse philanthropic leaders in the region, to learn from each other and help each other grow. Our members tell us that what they value most about psw is relationships, professional learning, focus on the southwest, advocacy, innovation, and diversity.

What it reported doing in 2024

Educational seminars: psw offers a number of educational and professional learning opportunities on a variety of topics designed to assist its members with all aspects of operating charitable organizations efficiently, effectively, and within the legal framework of the internal revenue code as well as the statutes of their respective states. Offerings included the following: university of Texas law school nonprofit organizations institute: over 250 people attended this program led by national experts from private foundations, nonprofit organizations, law, finance and governmental entities. Topics included discussions on tax, legislative, and governance issues affecting private foundations and nonprofit organizations. Other session topics included data protection, crisis management, risk management, grantmaking, investments, compliance and reporting.psw on the road events: held in 3 locations, with more than 75 attendees - las vegas, nv, phoenix, az, and tulsa, ok.the wayfarer leadership program: offered again this year; an intensive year-long leadership training involving one-on-one coaching, self-development, and three- or four-day reflection retreats held at different locations.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 99% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 63
  • Transparency & Controls: 87
  • Accountability: 100
  • Sustainability: 45
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 68%; rating input score 68
  • Program expense ratio: 71.9%; rating input score 72
  • Fundraising efficiency: $4.44 raised per $1 spent on fundraising; rating input score 15; 15th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 8 of 8 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: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 6%; rating input score 53; 53rd percentile among comparable filings
  • Total-asset coverage ratio: 1.22; rating input score 44; 44th percentile among comparable filings
  • Liabilities to assets ratio: 0.19; rating input score 45; 45th percentile among comparable filings
  • Officer compensation ratio: 18.9%; rating input score 13; 13th percentile among comparable filings

Growth

  • Program expense growth: 8.3% per year; rating input score 100; 57th percentile among comparable filings
  • Revenue growth: 8.9% per year; rating input score 100; 64th percentile among comparable filings
  • Asset growth: 6.9% per year; rating input score 100; 44th percentile among comparable filings

Details

  • Where the money goes: 68% of revenue deployed · 71.9% of spending went to programs
  • Governance: 16 of 16 board members independent · 8 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $1.6M in reported program spending
  • Leadership: top reported pay $261K · 18 people listed · 4 of 6 pay-setting controls reported
  • Consistency: 34 of 34 current checks pass
  • Schedules: 6 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 13 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • 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 — Financial Efficiency: Fundraising efficiency scored 15/100.
  • Review — Sustainability: Operating margin scored 53/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 44/100.
  • High — Sustainability: Officer compensation ratio scored 13/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 45/100.