2024-11-06T05:27:47+00:00 2023-12-31 440160260 Forvis Mazars LLP 14221 Dallas Parkway Suite 400 Dallas TX 75254 990 2023-01-01 752940683 DALLAS MOMENTUM INC DALL 2147466770 500 N AKARD STREET SUITE 2600 DALLAS TX 75201 ANGELA FARLEY TREASURER 2147466770 2024-11-06 true Jeanette Verrelli P00742631 9727028262 2024-11-06 2023 2024-10-15 13:58:12Z BUILDING TOMORROW TOGETHER DALE A PETROSKEY 500 N AKARD STREET SUITE 2600 DALLAS TX 75201 3342724 false X N/A X 2001 TX EXPAND THE ECONOMIC PROSPERITY OF THE GREATER DALLAS, TEXAS AREA. 5 4 0 4 0 0 3224672 3342724 0 0 0 0 0 0 3224672 3342724 3326565 2860000 0 0 0 0 0 0 357507 354189 3684072 3214189 -459400 128535 334090 177823 284802 0 49288 177823 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, COMMUNITY ENGAGEMENT AND COMMUNICATIONS & MARKETING 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. 0 false true false false false false false false false false false false true false 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 BOB PRAGADA DRC Immediate Past Chair 2022 1.0 3.0 X X 0 0 0 CYNT MARSHALL drc CHAIR ELECT 2024 1.0 3.0 X X 0 0 0 DALE PETROSKEY PRESIDENT 1.0 39.0 X X 0 625224 381118 RAFAEL LIZARDI drc CHAIRPERSON OF THE BOARD 1.0 3.0 X X 0 0 0 RAY SEDEY DRC BOARD SECRETARY 1.0 3.0 X X 0 0 0 ANGELA FARLEY TREASURER 1.0 39.0 X 0 378964 138984 LATOSHA HERRON-BRUFF BOARD SECRETARY 1.0 39.0 X 0 211083 73108 MICHAEL ROSA VICE-PRESIDENT 1.0 39.0 X 0 266115 78023 0 1481386 671233 0 false true false 0 3342724 3342724 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3342724 0 0 0 2860000 0 14189 ADMINISTRATIVE SUPPORT 340000 0 3214189 334090 42823 0 0 0 0 0 0 0 0 0 0 0 135000 334090 177823 0 0 284802 0 284802 0 X 49288 177823 49288 177823 334090 177823 128535 0 0 X false true X true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED Due from Affiliate 135000 135000 3342724 0 0 3342724 0 0 3342724 3214189 0 0 3214189 0 0 3214189 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) 2860000 ECONOMIC DEVELOPMENT TALENT ATT., ETC. 0 1 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. 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, COMMUNITY ENGAGEMENT/SUPPORT AND COMMUNICATIONS & MARKETING. THESE GRANTS ARE REPORTED AND RECORDED IN THE DALLAS MOMENTUM INC.'S FINANCIAL STATEMENTS. false false false DALE PETROSKEY PRESIDENT 0 415396 0 207618 0 2210 0 348446 0 32672 0 1006342 0 207618 ANGELA FARLEY TREASURER 0 281186 0 96488 0 1290 0 118723 0 20261 0 517948 0 96488 LATOSHA HERRON-BRUFF BOARD SECRETARY 0 171936 0 38500 0 647 0 46342 0 26766 0 284191 0 30500 MICHAEL ROSA VICE-PRESIDENT 0 216235 0 47900 0 1980 0 57146 0 20877 0 344138 0 39900 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 2023. THE DEFERRED BONUSES WILL BE REPORTED IN COLUMN B(II) AND COLUMN F WHEN THEY ARE PAID IN TAX YEAR 2024. THE DEFERRED BONUSES FROM TAX YEAR 2022 ARE CURRENTLY BEING REPORTED IN COLUMN B(II) AND COLUMN F. Form 990, Part VI, Line 11b Review of form 990 by governing body 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, Line 12c 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, Line 19 Required documents available to the public 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 ORG SOME AMOUNTS IN THIS COLUMN ARE DUE TO THE BONUSES THAT WERE DEFERRED IN TAX YEAR 2023. THE DEFERRED BONUSES WILL BE REPORTED IN COLUMN (E) WHEN THEY ARE PAID IN TAX YEAR 2024. THE DEFERRED BONUSES FROM TAX YEAR 2022 ARE CURRENTLY BEING REPORTED IN COLUMN (E). DALLAS REGIONAL CHAMBER 500 N AKARD STREET SUITE 2600 DALLAS TX 75201 750223440 ECONOMIC DEVelopment TX 501(c)(6) N/A false GREATER DALLAS MOMENTUM FOUNDATION 500 N AKARD STREET SUITE 2600 DALLAS TX 75201 752968468 ECONOMIC DEVelopment 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 QUALITY OF 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