2016-09-13T18:00:12-05:00 2015-10-31 350921680 CROWE HORWATH LLP 750 N St Paul Suite 850 Dallas TX 75201 990 2014-11-01 752439715 Salesmanship Club Foundation SALE 2149439700 106 E 10th St Dallas TX 75203 Patty Pickard senior director of finance 2016-09-13 true Rachel Spurlock P00520729 2147775200 2014 2017-02-10 21:41:12Z Teri Isaacs 106 E 10th St Dallas TX 75203 20044942 false X WWW.SCDALLAS.ORG X 1992 TX SUPPORT THE SALESMANSHIP CLUB YOUTH AND FAMILY CENTERS, INC. (DBA MOMENTOUS INSTITUTE) AND THE SALESMANSHIP CLUB OF DALLAS. 9 9 0 40 0 0 654292 151580 0 0 5282050 8111308 0 0 5936342 8262888 3281639 3538911 0 0 0 0 0 0 0 595061 584674 3876700 4123585 2059642 4139303 117518432 114036463 175574 58281 117342858 113978182 SUPPORT THE SALESMANSHIP CLUB (continued on Schedule O) YOUTH AND FAMILY CENTERS, INC. (DBA MOMENTOUS INSTITUTE) AND THE SALESMANSHIP CLUB OF DALLAS TO PROMOTE THE EDUCATIONAL AND MENTAL HEALTH SERVICES FOR CHILDREN AND THEIR FAMILIES IN THE GREATER DALLAS AREA THROUGH AN AFFILIATED NON-PROFIT OPERATING CORPORATION. THE SALESMANSHIP CLUB OF DALLAS PROVIDES THE SALESMANSHIP CLUB YOUTH AND FAMILY CENTERS, INC. (DBA MOMENTOUS INSTITUTE) WITH OPERATING FUNDS NECESSARY TO CARRY OUT OPERATIONS AND ACTIVITIES OF ITS PROGRAMS AND FACILITY'S NEEDS. false false 3538911 3538911 THE FOUNDATION IS ORGANIZED AND OPERATED TO SUPPORT THE CHARITABLE AND EDUCATIONAL UNDERTAKINGS OF THE SALESMANSHIP CLUB YOUTH AND FAMILY CENTERS, INC. (DBA MOMENTOUS INSTITUTE) AND THE SALESMANSHIP CLUB OF DALLAS TO RECEIVE, HOLD, MANAGE, CONVEY AND DISPOSE OF PROPERTY AND INVEST FUNDS DONATED OR OTHERWISE ACQUIRED. 3538911 true true false false false false false false false true false false false true true true true true false false false false false false false false false true false true false false false false false false false false false false false false true true false false false true 0 0 0 false false false false false false false false false false false false X 9 9 false false false false true false true true false false true true true true true true true true true X Patty Pickard 2149439700 106 E 10TH ST Suite 200 Dallas TX 75203 BRUCE W HUNT CHAIRMAN 1.00 0 X X 0 0 0 J DODGE CARTER tRUSTEE AND SECRETARY/TREASURER 1.00 0 X X 0 0 0 STANLEY C BOULD TRUSTEE 1.00 0 X 0 0 0 ROY GENE EVANS Trustee 1.00 0 X 0 0 0 LOUIS J GRABOWSKY TRUSTEE 1.00 0 X 0 0 0 R KINNE KELL TRUSTEE - TERMED 11/4/15 1.00 1.00 X 0 0 0 JIM LOZIER TRUSTEE as of 11/5/2015 1.00 0 X 0 0 0 PATRICK MCEVOY JR TRUSTEE 1.00 1.00 X 0 0 0 CHRISTIAN METTEN TRUSTEE as of 11/5/2015 1.00 0 X 0 0 0 MIKE NOLAN TRUSTEE as of 11/5/2015 1.00 0 X 0 0 0 VICTOR J SCHMERBECK TRUSTEE 1.00 0 X 0 0 0 JOHN L WAGNER TRUSTEE - TERMED 11/4/15 1.00 0 X 0 0 0 TERI ISAACS EXECUTIVE DIRECTOR 2.00 38.00 X 0 210740 18309 0 210740 18309 0 false true false LUTHER KING CAPITAL MANAGEMENT 301 COMMERCE ST SUITE 1600 FT WORTH TX 761024116 INVEST MGMT SVCS 440164 1 0 0 0 0 0 151580 0 151580 0 0 0 0 0 1660773 1660773 0 0 18232593 11782054 6450539 0 6450535 6450535 0 0 0 0 0 8262888 0 0 8111308 3538911 3538911 115369 115369 450165 450165 0 0 0 0 236 236 18904 18904 0 0 0 0 4123585 3538911 584674 0 6323844 11353155 0 0 0 3000000 3000000 0 0 0 0 92710949 86633103 1475190 1307231 0 14008449 11742974 117518432 114036463 37958 35761 0 137616 22520 175574 58281 X 38315858 35705054 12508110 12198536 66518890 66074592 117342858 113978182 117518432 114036463 X 4139303 -7035409 -468570 X false true X true false X X 1 SALESMANSHIP CLUB OF DALLAS 750717135 9 true 3538911 0 1 3538911 0 true false false false false false false false false false false false false false false true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 117342858 151580 607329 3538911 584674 113978182 109493014 654292 11072252 3281639 595061 117342858 94757560 408458 17868869 3043230 498643 109493014 88874121 141816 9002918 2770845 490450 94757560 84984439 211713 6690462 3012493 88874121 0.3133 0.5797 0.107 false false CHARITABLE REMAINDER TRUST 11486734 INTEREST RECEIVABLE 164732 Due From Escrow 59008 Due From Affiliates 32500 11742974 Due to Salesmanship Club of Dallas 22520 22520 X 758909 -7035409 -468570 -7503979 8262888 0 0 8262888 4123585 0 0 4123585 0 0 4123585 Schedule D, Part V, Line 4 Intended uses of endowment funds ENDOWMENT FUNDS ARE USED TO SUPPORT THE CHARITABLE AND EDUCATIONAL UNDERTAKINGS OF THE SALESMANSHIP CLUB YOUTH AND FAMILY CENTERS, INC. (DBA MOMENTOUS INSTITUTE) AND THE SALESMANSHIP CLUB OF DALLAS BY PROVIDING OPERATING AND PROGRAM RELATED GRANTS. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE UNITED STATES INTERNAL REVENUE CODE ("THE CODE"), EXCEPT TO THE EXTENT IT HAS UNRELATED BUSINESS INCOME. IN ADDITION, THE FOUNDATION HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE TO BE A PUBLIC CHARITY WITHIN THE MEANING OF SECTION 509(A)(3) OF THE CODE. FOR THE YEARS ENDED OCTOBER 31, 2015 AND 2014 THE FOUNDATION HAD NO NET UNRELATED BUSINESS INCOME. ACCORDINGLY, NO PROVISION FOR INCOME TAX HAS BEEN PROVIDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. GAAP requires the evaluation of tax positions taken or expected to be taken in the course of preparing the Foundations' tax return to determine whether the tax positions are more likely than not of being sustained by the applicable tax authority. Tax positions not deemed to meet the more likely than not threshold would be recorded as a tax benefit or expense in the current year. A reconciliation is not provided herein, as the beginning and ending amounts of unrecognized benefits are zero, with no interim additions, reductions, or settlements. The Foundation is relying on its tax-exempt status and its adherence to all applicable laws and regulations to preserve that status. However, the conclusions regarding accounting for uncertainty in income taxes will be subject to review and may be adjusted at a later date based on factors including, but not limited to, ongoing analysis of tax laws, regulations, and interpretations thereof. The Foundation recognizes interest and penalties, if any, related to uncertain tax positions as income tax expense. The Foundation's informational returns filed are generally subject to examination for three years after the later of the due date or date of filing. As a result, the Foundation is no longer subject to income tax examinations by tax authorities for years prior to 2012. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 Change in value of trusts - -468570 true Salesmanship Club of Dallas 106 E 10th Street Suite 200 Dallas TX 75201 750717135 501 (c) 3 3538911 Transfer for Operating and Program Expenses 1 Schedule I, Part I, Line 2 Description Of Procedure For Monitoring Use Of Grant Funds GRANTS ARE AWARDED SOLELY TO RELATED ORGANIZATIONS. REVIEW OF RELATED ORGANIZATIONS' OPERATIONS AND FINANCIAL STATEMENTS OCCURS ON A REGULAR BASIS BY MANAGEMENT AS WELL AS AT BOARD OF DIRECTOR MEETINGS. Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. GRANTS ARE AWARDED SOLELY TO RELATED ORGANIZATIONS. REVIEW OF RELATED ORGANIZATIONS' OPERATIONS AND FINANCIAL STATEMENTS OCCURS ON A REGULAR BASIS BY MANAGEMENT AS WELL AS AT BOARD OF DIRECTOR MEETINGS. X X X false false false false false false false false false TERI ISAACS EXECUTIVE DIRECTOR 0 200440 0 700 0 9600 0 12100 0 6209 0 229049 0 0 Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation METHODS USED BY A RELATED ORGANIZATION TO ESTABLISH COMPENSATION- THE EXECUTIVE DIRECTOR IS AN EMPLOYEE OF A RELATED ENTITY. THEREFORE NO ANSWERS ARE SELECTED AT SCHEDULE J, PART I, LINE 3 -THE RELATED ORGANIZATION USES AN ANNUAL COMPENSATION SURVEY OF SIMILAR NON-PROFIT ORGANIZATIONS. THE SALARIES AND BENEFITS ARE COMPARED TO OTHER ORGANIZATIONS FOR REASONABLENESS. SUCH INFORMATION IS PRESENTED TO THE BOARD OF DIRECTORS. TOTAL SALARIES ARE REVIEWED BY THE FINANCE COMMITTEE AND APPROVED BY THE BOARD OF DIRECTORS. Form 990, Part VI, Line 6 Classes of members or stockholders The members of the Foundation shall be all past Chairmen of the Foundation, all past Presidents of Salesmanship Club who have served as trustees of the Foundation (either voting or non-voting), the incumbent Chairman of the Foundation and the incumbent President of Salesmanship Club. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders The members of the Foundation shall be all past Chairmen of the Foundation, all past Presidents of Salesmanship Club who have served as trustees of the Foundation (either voting or non-voting), the incumbent Chairman of the Foundation and the incumbent President of Salesmanship Club. The members of the Foundation shall have voting rights solely with respect to any proposed amendment or restatement of the Restated Certificate of Formation of the Foundation and any proposed alteration, amendment, repeal of the Bylaws of the Foundation, or adoption of new bylaws, in accordance with the procedures set forth in the Restated Certificate of Formation and in the Article Twelve of the Bylaws. Form 990, Part VI, Line 11b Review of form 990 by governing body COPIES OF THE COMPLETED IRS FORM 990 WILL BE DISTRIBUTED TO THE GOVERNING BODY PRIOR TO FILING FOR COMMENTS AND QUESTIONS. ANY CLARIFICATIONS OR CHANGES REQUIRED TO THE FINAL FORM WILL BE MADE AND RETURNED TO THE GOVERNING BODY PRIOR TO FILING THE IRS FORM 990. Form 990, Part VI, Line 12c Conflict of interest policy ALL BOARD MEMBERS ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE ON AN ANNUAL BASIS. ALL POTENTIAL CONFLICTS ARE REVIEWED BY THE BOARD OF DIRECTORS PRIOR TO ENTERING INTO A CONTRACT. Form 990, Part VI, Line 15a Process to establish compensation of top management official The executive director was compensated by a related organization - Salesmanship Club of Dallas. AN INDEPENDENT THIRD PARTY COMPENSATION SURVEY OF SIMILAR NON-PROFIT ORGANIZATIONS IS CONDUCTED EACH YEAR. THE SALARIES AND BENEFITS ARE COMPARED TO OTHER ORGANIZATIONS FOR REASONABLENESS. SUCH INFORMATION IS PRESENTED TO THE BOARD OF DIRECTORS. THE RECOMMENDED SALARY AND BENEFITS ARE APPROVED BY THE BOARD OF DIRECTORS. TOTAL SALARIES ARE REVIEWED BY THE FINANCE COMMITTEE AND APPROVED BY THE BOARD OF DIRECTORS Form 990, Part VI, Line 19 Required documents available to the public COPIES OF GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. Form 990, Part VIII, Line 3 INVESTMENT INCOME INTEREST AND DIVIDEND INCOME - 1,563,273 INTEREST ON LOAN - 97,500 TOTAL -1,660,773 Form 990, Part XI, Line 9 Other changes in net assets or fund balances Change in value of Trust - -468570; SCF HOLDINGS LLC 106 E 10TH ST SUITE 200 DALLAS TX 75203 HOLDING COMPANY TX 0 0 SALESMANSHIP CLUB FOUNDATION SALESMANSHIP CLUB OF DALLAS 106 E 10TH ST SUITE 200 DALLAS TX 75203 750717135 CHARIT. & EDU. TX 501(c)(3 9 NA false SALESMANSHIP CLUB YOUTH & FAMILY CENTERS 106 E 10TH ST SUITE 200 DALLAS TX 75203 751855620 EDU & MH SVC TX 501(c)(3 Type III-FI SCD false SCF PROPERTIESLP 106 E 10TH STREET SUITE 200 DALLAS TX 75203 020721727 HOLDING COMPANY TX NA Related false false false true false true false false false false false false false false false true true true false false false