White Rock Lake Foundation
Nonprofit profile at a glance
- EIN
- 752483363
- IRS 990-EZ coverage
- 2011–2024
- Forms available
- Form 990 2023, Form 990-EZ 2024, Form 990-N 2015
- Location
- Dallas, TX, USA
- Phone
- 2147259300
- Rating
- 89
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Fund Raising and Fund Distribution
Reported finances
- Revenue
- $177,933
- Expenses
- $183,594
- Assets
- $87,798
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- Kathleen Foley (President)
- Ben Brewer (Vice President)
People named in this filing
- Kathleen Foley (President)
- Ben Brewer (Vice President)
- Marcie Guidry (Secretary)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The White Rock Lake Foundation shall act as a community steward for White Rock Lake and Park. The purpose of the Foundation is to assist the Parks and Recreation Department in restoration, improvement, maintenance, and preservation of the lake's natural health and beauty for the benefit of the people and wildlife.The mission of the Foundation is to bring together and maximize the resources of the entire community into a coordinated effort for the benefit of White Rock Lake Park.All improvements shall be approved by the City of Dallas Parks and Recreation Board and be consistent with the guidelines set by the City of Dallas and established in the Master Plan.
What it reported doing in 2024
The mission of the White Rock Lake Foundation, established in 1988, is to bring together and maximize the resources of the entire community into a coordinated effort for the benefit of White Rock Lake Park. The foundation works with the City of Dallas and the Dallas Parks and Recreation Department to help implement the Master Plan for White Rock Lake.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 67% for direct work, and 33% for grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 100
- Transparency & Controls: 82
- Sustainability: 30
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -3.2%; rating input score 25; 25th percentile among comparable filings
- Total-asset coverage ratio: 0.48; rating input score 36; 36th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 39.4% per year; rating input score 100; 88th percentile among comparable filings
- Revenue growth: 15.9% per year; rating input score 100; 78th percentile among comparable filings
- Asset growth: 13.3% per year; rating input score 100; 70th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $184K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Filing history: 10 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: Filed and resolved organization relationships.
- 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 — Sustainability: Operating margin scored 25/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 36/100.