2019-09-07T10:31:10-05:00 2018-12-31 BKD LLP 14241 DALLAS PARKWAY SUITE 1100 DALLAS TX 75254 990 2018-01-01 752940683 Dallas Momentum Inc % ANGELA FARLEY DALL 2147466770 500 N Akard Street Suite 2600 Dallas TX 75201 ANGELA FARLEY TREASURER 2147466770 2019-07-15 true Jeanette Verrelli P00742631 9727028262 167.68.126.162 75465920192505000008 2019-09-07 P 3F51DE078F62ECA208DDBE7A6DBEA7E9A7AA075F EB976710118F518B8933A72D91D1D85239D99EDA 2018 2019-02-21 02:37:17Z Building Tomorrow Together DALE A PETROSKEY 500 N AKARD STREET STE 2600 DALLAS TX 75201 2984005 false X N/A X 2001 TX EXPAND THE ECONOMIC PROSPERITY OF THE GREATER DALLAS, TEXAS AREA. 5 4 0 4 0 0 3551904 2984005 0 0 0 0 0 0 3551904 2984005 2526751 2453020 0 0 0 0 0 0 0 998429 1031435 3525180 3484455 26724 -500450 1511147 1643652 65824 690779 1445323 952873 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. PROMOTES THE ECONOMIC AND CIVIC PROSPERITY OF THE GREATER DALLAS REGION BASED ON SPECIFIC PILLARS, INCLUDING ECONOMIC DEVELOPMENT, EDUCATION, WORKFORCE DEVELOPMENT, LEADERSHIP PROGRAMS, AND PUBLIC POLICY. INITIATIVES PERTAINING TO THESE PILLARS ARE DEVELOPED AND IMPLEMENTED BY SPECIFIC DEPARTMENTS WITHIN THE DALLAS REGIONAL CHAMBER, A RELATED ORGANIZATION. AS AN EXAMPLE, DALLAS MOMENTUM, INC.'s SUPPORT OF THE ECONOMIC DEVELOPMENT ACTIVITIES OF THE DALLAS REGIONAL CHAMBER RESULTED IN 3,513 DIRECT NEW JOBS BEING ADDED TO THE REGION DURING THE YEAR. false true false false false false false false false false false false false 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 true 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 A PETROSKEY PRESIDENT 17.0 23.0 X X 0 526395 216768 JOHN J STEPHENS CHAIRMAN OF THE BOARD 1.0 3.0 X X 0 0 0 CHRIS NIELSEN CHAIRMAN-ELECT 1.0 3.0 X X 0 0 0 HILDA C GALVAN IMMEDIATE PAST CHAIRMAN 1.0 3.0 X X 0 0 0 DEREK KERR BOARD SECRETARY 1.0 3.0 X X 0 0 0 MICHAEL ROSA VICE-PRESIDENT 1.0 39.0 X 0 225055 78453 ANGELA FARLEY TREASURER 1.0 39.0 X 0 261951 108346 KELLE MARSALIS CORPORATE SECRETARY 1.0 39.0 X 0 89378 22520 0 1102779 426087 0 false true false 0 2984005 0 2984005 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2984005 2453020 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 14765 0 0 0 0 0 0 0 0 0 0 Administrative Support 1016670 3484455 1316147 1643652 0 0 0 0 195000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1511147 1643652 65824 690779 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 65824 690779 X 0 0 1445323 952873 0 0 1445323 952873 1511147 1643652 -500450 8000 X false true X true false 3484455 8000 3476455 3484455 2984005 2984005 2984005 3484455 3484455 3484455 Schedule D, Part XI, Line 2D Reconciliation of revenue per audited financial statements with return: Released from Restrictions-Economic Development $3,476,455 Schedule D, Part XI, Line 4B Reconciliation of revenue per audited financial statements with return: contributions with donor restrictions $2,984,005 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 N AKARD STREET SUITE 2600 DALLAS TX 75201 750223440 501(C)(6) 2453020 ECONOMIC DEVELOPMENT 1 SCHEDULE I, PART I, LINE 2 PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS IN THE U.S.: Funds are paid to support initiatives managed by specific departments of the Dallas Regional Chamber, a related organization, based on actual dollars spent on exempt purposes. The departments funded are those which are focused solely on improving the economic and civic prosperity of the citizens in the Greater Dallas region. Examples of departments supported with the funds include Education & Workforce, Talent Attraction, Economic Development, and Leadership Programs. Management of both the departments and the Dallas Regional Chamber meet regularly to discuss specific initiatives and projects that are being implemented pursuant to the goals and objectives of DMI. false false false DALE A PETROSKEY PRESIDENT 0 370849 0 151406 0 4140 0 190075 0 26693 0 743163 0 151406 MICHAEL ROSA VICE-PRESIDENT 0 188153 0 33452 0 3450 0 47973 0 30480 0 303508 0 33452 ANGELA FARLEY TREASURER 0 238306 0 20795 0 2850 0 73332 0 35014 0 370297 0 20795 SCHEDULE J, PART I, LINE 3 EXECUTIVE COMPENSATION REVIEW: DALLAS MOMENTUM, INC. HAS NO EMPLOYEES. However, the mission of Dallas Momentum, Inc. is carried out by employees of the Dallas Regional Chamber. The Dallas Regional Chambers EXECUTIVE COMPENSATION REVIEW POLICY REQUIRES THE CEO'S AND KEY EXECUTIVES' COMPENSATION, IF ANY, TO BE REVIEWED ANNUALLY BY THE EXECUTIVE COMMITTEE OF THE DALLAS REGIONAL CHAMBER. THE EXECUTIVE COMMITTEE USES THE FOLLOWING METHODS DURING THEIR REVIEW: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - FORM 990 OF OTHER ORGANIZATIONS - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE FORM 990, PART VI, SECTION A, LINE 4 Significant Changes to Governing Documents: The bylaws and articles of incorporation were amended March 2018. Changes included modifying the minimum number of directors on the board, adding additional automatic members, such as including the chairperson of the Dallas Regional Chamber board, and clarifying the composition of the officers of the board. FORM 990, PART VI, SECTION B, LINE 11B PROCESS TO REVIEW FORM 990: PRIOR TO COMPLETION OF THE RETURN, THE INDEPENDENT ACCOUNTING FIRM REVIEWS THE 990 REQUIREMENTS WITH THE AUDIT AND FINANCE COMMITTEE OF THE CHAMBER. THE COMMITTEE ALSO REVIEWS THE RETURN PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. THE AUDIT AND FINANCE COMMITTEE IS COMPRISED OF 6 INDEPENDENT MEMBERS, AND 2 MEMBERS OF MANAGEMENT. A COPY OF THE FORM 990 IS PROVIDED TO EACH MEMBER OF THE BOARD FOR A FINAL REVIEW PRIOR TO BEING FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C PROCESS TO MONITOR COMPLIANCE WITH CONFLICT OF INTEREST POLICY: AN ANNUAL CONFLICT OF INTEREST QUESTIONNAIRE IS DISTRIBUTED TO ALL BOARD MEMBERS, OFFICERS, AND KEY EMPLOYEES. ONCE COMPILED, THE 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. 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