Yellow Rose Gala Foundation

Nonprofit profile at a glance

EIN
471982785
IRS 990 coverage
2016–2024
Forms available
Form 990 2024, Form 990-N 2015
Location
Dallas, TX, USA
Phone
2147734808
Rating
86
Verdict
STRONG
Rating confidence
Moderate
Sector
Performing Arts Organizations

Official website

Reported finances

Revenue
$264,037
Expenses
$266,747
Assets
$56,365
Liabilities
$0

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

Leadership & pay

12 people listed

Executive titles in this filing

  • FALLON WYNNE WAY (PRESIDENT/BOARD CHAIRMAN/D)

People named in this filing

  • FALLON WYNNE WAY (PRESIDENT/BOARD CHAIRMAN/D)
  • SHEREE WILSON (CHAIR/DIRECTOR)
  • JONATHAN WRIGHT (GALA CHAIR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

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

Overview

Mission

To forever rid the world of multiple sclerosis. Through this initiative the foundation is partnering with the national multiple sclerosis society where 100% of the net proceeds raised will go directly to progressive multiple sclerosis research.

What it reported doing in 2024

The yellow rose gala foundation was first established by founders dee and jimmy wynne in april 1986, shortly after dee's diagnosis with multiple sclerosis. From 1986-2001 the gala became one of the most prominent social events in dallas, netting over $5 million for ms research. Wynne's disease eventually prevented her from continuing with the gala but it didn't impede the imprint she made. That final fundraiser, in 2001, was one for the record books. It netted over $2 million, with performances by the eagles, stevie nicks and trisha yearwood.following dee wynne's passing in 2014 and in honor of her memory, the gala has since been reestablished by her children, todd wynne and fallon wynne way with the help of young active community leaders and past yellow rose supporters.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 97% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 97
  • Transparency & Controls: 94
  • Accountability: 59
  • Sustainability: 38
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 97.5%; rating input score 97
  • Program expense ratio: 96.5%; rating input score 97
  • Fundraising efficiency: $260.35 raised per $1 spent on fundraising; rating input score 93; 93rd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 80%; rating input score 80; 21st percentile among comparable filings
  • Governance controls: 2 of 7 controls in place; rating input score 29
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -1%; rating input score 36; 36th percentile among comparable filings
  • Total-asset coverage ratio: 0.21; rating input score 12; 12th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: 15.8% per year; rating input score 100; 80th percentile among comparable filings
  • Revenue growth: 15.1% per year; rating input score 100; 82nd percentile among comparable filings
  • Asset growth: 14.1% per year; rating input score 100; 76th percentile among comparable filings

Details

  • Where the money goes: 97.5% of revenue deployed · 96.5% of spending went to programs
  • Governance: 12 of 15 board members independent · 2 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $257K in reported program spending
  • Leadership: top reported pay $0 · 12 people listed
  • Consistency: 19 of 19 current checks pass
  • Schedules: 5 filed schedules · includes major donors and grants
  • Filing history: 9 filing years from 2016 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • 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 — Accountability: Governance controls: 4 of 6 not reported.
  • Moderate — Sustainability: Operating margin scored 36/100.
  • High — Sustainability: Total-asset coverage ratio scored 12/100.