2023-11-01T16:32:46-05:00 2022-12-31 FORVIS LLP 14241 DALLAS PARKWAY SUITE 1100 DALLAS TX 75254 990 2022-01-01 752940683 Dallas Momentum Inc % ANGELA FARLEY DALL 2147466770 500 N Akard Street Suite 2600 Dallas TX 75201 ANGELA FARLEY TREASURER 2147466770 2023-11-15 true ANGELA FARLEY 999009999 Jeanette Verrelli P00742631 9727028262 3 2022 2023-04-26 12:10:37Z Building Tomorrow Together DALE A PETROSKEY 500 N AKARD STREET STE 2600 DALLAS TX 75201 3224672 false X N/A X 2001 TX EXPAND THE ECONOMIC PROSPERITY OF THE GREATER DALLAS, TEXAS AREA. 5 4 0 4 0 0 3018520 3224672 0 0 32 0 0 0 3018552 3224672 2423446 3326565 0 0 0 0 0 0 0 447058 357507 2870504 3684072 148048 -459400 990867 334090 502179 284802 488688 49288 X THE EXCLUSIVE PURPOSE OF THE CORPORATION IS TO PROMOTE THE ECONOMIC AND CIVIC PROSPERITY OF THE GREATER DALLAS, TEXAS COMMUNITY IN CONJUNCTION WITH AND IN SUPPORT OF THE CHARITABLE ACTIVITIES OF THE DALLAS REGIONAL CHAMBER, A TEXAS NONPROFIT CORPORATION, PARTICULARLY TO: 1. DEVELOP BUSINESS IN THE GREATER METROPOLITAN AREA OF DALLAS, TEXAS; AND 2. PROMOTE DOMESTIC AND GLOBAL MARKETING OF THE GREATER METROPOLITAN AREA OF DALLAS, TEXAS, AS A BUSINESS DESTINATION, ALL AS DETERMINED BY THE BOARD OF DIRECTORS OF THE CORPORATION (THE BOARD) AND WHICH PURPOSE SHALL IN ALL EVENTS BE CONSTRUED EXCLUSIVELY FOR CHARITABLE PURPOSE WITHIN THE MEANING OF SECTION 501(C)(6) OF THE IRC AND UNDER THE LAWS OF THE STATE OF TEXAS. false false DALLAS MOMENTUM, INC. PROVIDED GRANTS FOR NUMEROUS PROGRAMS IN THE AREAS OF ECONOMIC DEVELOPMENT, TALENT ATTRACTION, EDUCATION & WORKFORCE, PUBLIC POLICY, INNOVATION & RESEARCH, LEADERSHIP, DIVERSITY EQUITY & INCLUSION AND COMMUNITY ENGAGEMENT, WHICH BENEFITTED THE REGION. THESE PROGRAMS ARE DEVELOPED AND IMPLEMENTED BY SPECIFIC DEPARTMENT TEAMS WITHIN THE DALLAS REGIONAL CHAMBER, A RELATED ORGANIZATION, TO SUPPORT THE ECONOMIC DEVELOPMENT, CIVIL PROSPERITY AND OTHER COMMUNITY ACTIVITIES AND NEEDS IN THE REGION. false true false false false false false false false false false false false true false false true false false false false false false false false false true false true false false false false false false false false false false false true true false false true 0 0 0 false false false false true false false false false X 5 4 false false false false false false false true true false false true true true true true true false false false X ANGELA FARLEY 2147466725 500 N AKARD STREET SUITE 2600 DALLAS TX 75201 DALE PETROSKEY PRESIDENT 1.0 39.0 X X 0 639421 357817 ANGELA FARLEY TREASURER 1.0 39.0 X 0 402024 133836 MIKE ROSA VICE-PRESIDENT 1.0 39.0 X 0 270813 74450 LATOSHA HERRON BRUFF BOARD SECRETARY 1.0 39.0 X 0 201520 66542 Bob Pragada CHAIRPERSON OF THE BOARD 1.0 3.0 X X 0 0 0 Rafael Lizardi Chair Elect 2023 1.0 3.0 X X 0 0 0 Michelle Vopni Immediate Past Chair 1.0 3.0 X X 0 0 0 Ray Sedey DRC BOARD SECRETARY 1.0 3.0 X X 0 0 0 0 1513778 632645 0 false true false 0 3224672 3224672 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3224672 3326565 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 24207 0 0 0 0 0 0 0 0 0 0 Administrative Support 333300 3684072 0 0 990867 334090 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 990867 334090 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 502179 284802 502179 284802 X 0 0 488688 49288 488688 49288 990867 334090 -459400 20000 X false true X true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 Due to Affiliate 284802 284802 3244672 20000 20000 3224672 3224672 3684072 3684072 3684072 SCHEDULE D, PART X, LINE 2 ASC 740 FOOTNOTE: MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. true DALLAS REGIONAL CHAMBER 500 NORTH AKARD STREET SUITE 2600 DALLAS TX 75201 750223440 501(C)(6) 3326565 ECONOMIC DEVELOPMENT, TALENT ATT., ETC. 1 SCHEDULE I, PART I, LINE 2 PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS IN THE U.S.: Grants are made and paid to the Dallas Regional Chamber, a related organization, based on dollars received by the Dallas Momentum, Inc. for various programs, including but not limited to Economic Development, Talent Attraction, Education & Workforce, Public Policy, Innovation & Research, Leadership, Diversity Equity & Inclusion and Community Engagement/Support. These grants are reported and recorded in the Dallas Momentum Inc.'s financial statements. false false false DALE PETROSKEY PRESIDENT 401211 236000 2210 323015 34802 997238 176000 ANGELA FARLEY TREASURER 273034 127700 1290 113880 19956 535860 77700 MIKE ROSA VICE-PRESIDENT 210033 58800 1980 54049 20401 345263 38800 LATOSHA HERRON BRUFF BOARD SECRETARY 156419 44700 401 41279 25263 268062 24700 SCHEDULE J, PART I, LINE 3 EXECUTIVE COMPENSATION REVIEW: DALLAS MOMENTUM, INC. HAS NO EMPLOYEES. The officers and key employees listed are employees of the Dallas Regional Chamber, a related organization. The Dallas Regional Chamber maintains a policy requiring annual reviews of key executive's compensation by the Dallas Regional Chamber's executive Committee. Compensation decisions for these individuals are assisted by: - Independent compensation consultant - Other Organization's market data from Form 990s - Compensation surveys or Studies - Review and approval by the Dallas Regional Chamber's Compensation and Executive Committees SCHEDULE J, PART II, COLUMN (C) RETIREMENT AND OTHER DEFERRED COMPENSATION: SOME AMOUNTS IN THIS COLUMN ARE DUE TO BONUSES THAT WERE DEFERRED IN TAX YEAR 2022. THE DEFERRED BONUSES WILL BE REPORTED IN COLUMN B(II) AND COLUMN F WHEN THEY ARE PAID IN TAX YEAR 2023. THE DEFERRED BONUSES FROM TAX YEAR 2021 ARE CURRENTLY BEING REPORTED IN COLUMN B(II) AND COLUMN F. FORM 990, PART VI, SECTION B, LINE 11B PROCESS TO REVIEW FORM 990: THE INDEPENDENT ACCOUNTING FIRM REVIEWS 990 REQUIREMENTS WITH THE AUDIT AND FINANCE COMMITTEE OF THE CHAMBER PRIOR TO COMPLETION OF THE RETURN, AND THE COMMITTEE ALSO REVIEWS THE ACTUAL RETURN PRIOR TO FILING. THE AUDIT AND FINANCE COMMITTEE IS COMPRISED OF DALLAS REGIONAL CHAMBER MEMBERS AND MEMBERS OF MANAGEMENT WHO ARE RESPONSIBLE FOR FINANCIAL GOVERNANCE OF THE DALLAS REGIONAL CHAMBER AND RELATED ORGANIZATIONS. A COPY OF FORM 990 IS MADE AVAILABLE ON A SECURE INTERNET SITE AND A LINK TO THE SITE IS EMAILED TO EACH MEMBER OF THE BOARD SO THAT THEY CAN REVIEW FORM 990. FORM 990, PART VI, SECTION B, LINE 12C PROCESS TO MONITOR COMPLIANCE WITH CONFLICT-OF-INTEREST POLICY: THE CHAMBER CODE OF CONDUCT POLICY INCLUDES AN ANNUAL CONFLICT OF INTEREST QUESTIONNAIRE TO BE DISTRIBUTED TO ALL BOARD MEMBERS, OFFICERS, KEY EMPLOYEES AND HIGHEST COMPENSATED EMPLOYEES. THIS INFORMATION IS LOGGED IN AND EVALUATED FOR CONFLICTS REQUIRING INDIVIDUALS TO RECUSE THEMSELVES FROM ISSUES THAT MAY PRESENT CONFLICTS, OR IN EXTREME CIRCUMSTANCES, REMOVAL FROM THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 AVAILABILITY OF DOCUMENTS: THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST AND AT MANAGEMENT'S DISCRETION. FORM 990, PART VII, SECTION A, COLUMN (F) ESTIMATED AMOUNTS OF OTHER COMPENSATION FROM THE ORGANIZATION: SOME AMOUNTS IN THIS COLUMN ARE DUE TO THE BONUSES THAT WERE DEFERRED IN TAX YEAR 2022. THE DEFERRED BONUSES WILL BE REPORTED IN COLUMN (E) WHEN THEY ARE PAID IN TAX YEAR 2023. THE DEFERRED BONUSES FROM TAX YEAR 2021 ARE CURRENTLY BEING REPORTED IN COLUMN (E). DALLAS REGIONAL CHAMBER 500 N AKARD STREET SUITE 2600 DALLAS TX 75201 750223440 ECONOMIC DEV TX 501(C)(6) N/A NA false GREATER DALLAS MOMENTUM FOUNDATION 500 N AKARD STREET SUITE 2600 DALLAS TX 75201 752968468 ECONOMIC DEV TX 501(C)(3) PF DRC true QUALITY OF LIFE FDN FOR METRO DALLAS 500 N AKARD STREET SUITE 2600 DALLAS TX 75201 237360214 ENRICH LIFE TX 501(C)(3) 7 DRC true false true false false false false false false false false false false false true true true false false false