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DALLAS MOMENTUM INC

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Public IRS 990 nonprofit record

DALLAS MOMENTUM INC

EIN 75-2940683 · Boards of Trade (S46)

What they do

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.

Before you give

Should I give to this charity?

Easy charity check
We do not have enough spending detail

Basic public information is available, but it is not enough to judge how well donations are used. Ask the charity for a current spending breakdown and results.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders7 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

$99.19spent for every $100 of revenueRevenue covered expenses this year.
$0.07in assets for every $1 spent this yearSome assets cannot be spent right away.
100.0%of its money came from giftsOther money may come from services or investments.

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  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $37,003 for DALE PETROSKEY (PRESIDENT). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

Money in and money out

Revenue$3,217,125
Expenses$3,191,056
Annual surplus $26,069 Revenue was higher than expenses for this filing year.
See all reported dollar amounts
Revenue$3,217,125
Expenses$3,191,056
Assets$213,892
Income$3,217,125
Contributions$3,217,125
Grants given$19,726,174
Average grant$2,818,025
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
DALE PETROSKEYPRESIDENT · 1 hrs/week $37,003Base · Other $37,003
LATOSHA HERRON BRUFFBOARD SECRETARY · 1 hrs/week $34,413Base · Other $34,413
MIKE ROSAVICE PRESIDENT · 1 hrs/week $33,239Base · Other $33,239
ANGELA FARLEYTREASURER · 1 hrs/week $28,264Base · Other $28,264

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (7)

DALE PETROSKEYPRESIDENT

LATOSHA HERRON BRUFFBOARD SECRETARY

MIKE ROSAVICE PRESIDENT

ANGELA FARLEYTREASURER

CYNT MARSHALLDRC CHAIR

JIM SPRINGFIELDDRC CHAIR-ELECT

RAFAEL LIZARDIDRC IMMEDIATE PAST CHAIR

About this charity

Recognized since
January 2001
Location
500 N AKARD STREET SUITE 2600, DALLAS, TX 75201
County
Dallas
In care of
ANGELA FARLEY
Primary officer
ANGELA FARLEY, TREASURER

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
January 1, 2024
Return type
990
Tax preparer
FORVIS MAZARS LLP
NTEE classification
Boards of Trade (S46)
IRS tax category
Boards of Trade
Grant-giving organization
Yes

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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