Communities Foundation of Texas
92% goes to programs $2 to raise $100 Strong reserves Growing revenue
Communities Foundation of Texas is a 501(c)(3) organization based in Dallas, Texas, registered in 1961, with $341,607,358 in FY2024 revenue. CharityIndex grades it A+, and it directs about 92% of spending to programs.
5500 Caruth Haven Ln, Dallas, TX, 75225 EIN 75-0964565 Since 1961
Revenue (FY2024)
$341.6M
▲ 37.0% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$264.3M
Net assets
$1.1B
Employees
163
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A+
A+Program efficiency40% of the rating92% to programs · $2 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Communities Foundation of Texas: 92% to programs · $2 to raise $100 earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating49 mo reserves · +23% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Communities Foundation of Texas: 49 mo reserves · +23% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Communities Foundation of Texas: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Communities Foundation of Texas: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
The foundation is committed to serving charitable needs both domestically and abroad through charitable grants and services at the discretion of the board of trustees.
What they do
Educate texas, a public-private initiative of communities foundation of texas, is an innovative alliance of public and private groups that share a common goal improving the public education system so that every texas student is prepared for success in school, in the workforce, and in life.
North texas giving day, launched in 2009 by cft, is the largest giving day in the nation. it is an online event dedicated to raising money for north texas nonprofits. bonus funds and prizes are provided by cft and other local foundations, corporations and individuals.
Contact & location
- Address
- 5500 Caruth Haven Ln, Dallas, TX, 75225
- City
- Dallas
- State
- Texas
- Subcategory
- Public Foundations
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $133.6M (FY2013) to $341.6M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $96.3MNet assets $1.1B
Operating margin
22.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.2B
Total liabilities
$96.3M
Net assets
$1.1B
Salaries & benefits
$20.0M
8% of expenses
Board members
19
19 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $341,607,358▲37.0% | $264,298,922▲25.0% | $1,072,308,170▲12.8% | $1,168,653,123▲11.9% | 990 |
| 2023 | $249,264,067▲27.7% | $211,376,004▲10.9% | $950,865,887▲12.9% | $1,044,344,586▲12.0% | 990 |
| 2022 | $195,142,202▼28.9% | $190,565,297▼8.1% | $842,447,885▲6.2% | $932,581,527▲4.6% | 990 |
| 2021 | $274,423,452▲28.4% | $207,437,295▲21.6% | $792,952,809▼5.4% | $891,470,306▼4.7% | 990 |
| 2020 | $213,748,831▲3.4% | $170,610,185▲5.7% | $838,657,148▲29.5% | $935,842,114▲29.5% | 990 |
| 2019 | $206,780,551▲34.8% | $161,352,718▲16.6% | $647,385,872▲6.8% | $722,475,684▲5.5% | 990 |
| 2018 | $153,430,280▲0.6% | $138,329,874▲0.9% | $605,930,910▲2.3% | $685,116,880▲3.6% | 990 |
| 2017 | $152,524,701▲9.8% | $137,101,607▲5.8% | $592,135,616▲5.5% | $661,478,547▲5.7% | 990 |
| 2016 | $138,859,465▲4.3% | $129,532,950▼3.5% | $561,392,449▲11.3% | $625,936,471▲9.2% | 990 |
| 2015 | $133,133,622▼20.1% | $134,300,477▲6.6% | $504,320,296▼3.1% | $572,985,308▼3.4% | 990 |
| 2014 | $166,541,326▲24.7% | $125,968,306▲18.4% | $520,546,715▼0.7% | $593,339,196▲0.6% | 990 |
| 2013 | $133,583,770 | $106,422,792▲1.9% | $523,953,580▲12.1% | $589,750,064▲8.8% | 990 |
| 2012 | — | $104,418,679▲46.3% | $467,336,034▲6.6% | $542,042,148▲8.4% | 990 |
| 2011 | — | $71,392,560▼10.6% | $438,542,606▲4.6% | $499,911,137▲2.9% | 990 |
| 2010 | — | $79,900,869▼14.7% | $419,279,694▲11.9% | $485,696,924▲7.0% | 990 |
| 2009 | — | $93,695,476 | $374,532,389 | $453,807,842 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Wayne White — $555,840 (0.21% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Wayne White | President and Ceo | 40 | $555,840 |
| James T Berry | Sr. Vp & Cfo & Treasurer | 40 | $399,295 |
| John J Fitzpatrick | Exec. Director - Edtx (thru 9/6/24) | 40 | $390,036 |
| Truman Greene Jr | Chief Human Resources Officer | 40 | $290,952 |
| Jennifer Behl Taylor | Chief Marketing Officer | 40 | $286,796 |
| Dr Reo Edwards Chief | Programs and Engagement Officer | 40 | $285,984 |
| Calvert Collins-bratton | Chief Relationships Officer | 40 | $274,562 |
| John C Coxon Mging Dir | Of Programs - Edtx (thru 4/30/25) | 40 | $270,086 |
| Gary Samberson | Chief Investment Officer | 40 | $263,563 |
| Carolyn Newham Gen | Counsel and Corporate Secretary | 40 | $259,188 |
| Roger Santone | Chief Information Officer (thru 12/31/24) | 40 | $252,251 |
| Kristine M Thomas | Senior Vp, Finance | 40 | $216,580 |
| Katherine L Schaefers | Chief Accounting Officer | 40 | $194,660 |
| Nadine Dechausay | Chief Strategy & Insights Officer | 40 | $188,731 |
| Shawn Jackson | Exec. Director, Kaleidoscope Park | 40 | $173,527 |
| Priscilla Aquino-garza Sr | Dir., Programs, Teaching & Leading | 40 | $170,326 |
| Octavio Morales | Technology Delivery Officer | 40 | $167,952 |
| Ryan Franklin Mging Dir | Policy and Advocacy, Edtx (thru 10/4/24) | 40 | $165,430 |
| Robert Kent | Chief Philanthropy Officer | 40 | $119,875 |
| Amir Tabei | Chief Information Officer | 40 | $6,718 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Mightycause Corporation | Technology Services | $812,153 |
| Careercraft Inc | Educational Consulting | $470,965 |
| Harold F Hogue II DBA Cospero Consulting | Educational Consulting | $412,000 |
| Pegasus Technology Solutions LLC | Technology Consulting | $399,164 |
| Epam Systems Inc | Technology Consulting | $388,305 |
Grants received · $47.4M total
331 grants to Communities Foundation of Texas totaling $47.4M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Ecmc Foundation | General support | 2024 | $1,000,000 |
| The Community Foundation For Greater Atlanta Inc | Philanthropy/voluntarism | 2024 | $883,717 |
| Educational Credit Management Corporation | Fafsa student support | 2024 | $534,859 |
| Texas Mutual Insurance Company | Workforce development & safety training | 2024 | $500,000 |
| The Dallas Foundation | General support | 2024 | $323,745 |
| Ascendium Education Solutions Inc | Grant, texas transfer alliance phase ii sponsorship, philanthropy advocates membership 5/15/24 - 5/15/25 | 2024 | $273,415 |
| New Venture Fund | Youth development and education | 2024 | $250,000 |
| The New York Community Trust | For program support. | 2024 | $250,000 |
| The Aspen Institute Inc | Backbone support services in dfw | 2024 | $206,000 |
| Strada Education Foundation Inc | Operating grant | 2024 | $200,000 |
| American Endowment Foundation | Philanthropy | 2024 | $71,500 |
| The Rotary Foundation of Rotary International | Econ. and community develop.-humanitarian-daf | 2024 | $36,000 |
| American Online Giving Foundation Inc | General support | 2024 | $25,000 |
| Charities Aid Foundation America | Charitable donation | 2024 | $23,591 |
| Paypal Charitable Giving Fund | General support | 2024 | $23,236 |
Grants made · $209.2M in FY2024
2,209 grants totaling $209.2M in FY2024 — showing the 15 largest. All grants made by Communities Foundation of Texas →
| Recipient | Purpose | Amount |
|---|---|---|
| Texas Tech Foundation Inc | This grant is designated for general support. | $15,949,670 |
| Td Jakes Foundation | This grant is designated for general support. | $14,681,300 |
| Kaleidoscope Park Foundation | This grant is designated for general support. | $9,359,778 |
| The University of Texas At Dallas Center For Brainhealth | This grant is designated for general support. | $7,568,128 |
| Dallas Methodist Hospitals Foundation Inc | This grant is designated for general support. | $5,220,220 |
| Childrens Medical Center Foundation | This grant is designated for general support. | $4,418,392 |
| Southern Gateway Public Green Foundation | This grant is designated for general support. | $3,502,858 |
| Osteosarcoma Institute | This grant is designated for general support. | $3,316,000 |
| Commit2dallas | This grant is designated for general support. | $3,182,200 |
| Texas Business Hall of Fame Foundation | This grant is designated for general support. | $3,168,798 |
| Forest Forward | This grant is designated for general support. | $3,046,165 |
| Dallas County Mental Health & Mental Retardation Center | This grant is designated for general support. | $2,605,153 |
| Southern Methodist University | This grant is designated for general support. | $2,190,066 |
| The University of Texas Southwestern Medical Center Dallas | This grant is designated for general support. | $2,166,752 |
| Dallas Baptist University | This grant is designated for general support. | $2,096,037 |
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Frequently asked questions
- Is Communities Foundation of Texas a legitimate nonprofit?
- Yes. Communities Foundation of Texas is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 75-0964565, based in Dallas, Texas. Donations are tax-deductible.
- What is Communities Foundation of Texas's EIN?
- Communities Foundation of Texas's Employer Identification Number (EIN) is 75-0964565.
- How much revenue does Communities Foundation of Texas report?
- Communities Foundation of Texas reported $341,607,358 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Communities Foundation of Texas's spending goes to programs?
- Communities Foundation of Texas spends about 92% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Communities Foundation of Texas have?
- CharityIndex grades Communities Foundation of Texas A+, based on program efficiency and fundraising cost.
- How much does Communities Foundation of Texas's highest-paid employee make?
- The highest reported compensation on Communities Foundation of Texas's latest Form 990 is $555,840, paid to Wayne White (President and Ceo).
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Data for Communities Foundation of Texas (EIN 75-0964565) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.