2015-09-10T15:00:41-05:00 2014-10-31 CROWE HORWATH LLP 750 N ST PAUL SUITE 850 DALLAS TX 75201 990 2013-11-01 752439715 SALESMANSHIP CLUB FOUNDATION SALE 2149439700 106 E 10th St Dallas TX 75203 PATTY PICKARD SENIOR DIRECTOR OF FINANCE 2015-09-10 true Rachel Spurlock P00520729 2147775200 2013 2016-04-25 22:37:26Z TERI ISAACS 106 E 10th St Dallas TX 75203 13075239 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 408458 654292 0 0 4218125 5282050 0 0 4626583 5936342 3043230 3281639 0 0 0 0 0 0 0 498643 595061 3541873 3876700 1084710 2059642 109628184 117518432 135170 175574 109493014 117342858 SUPPORT THE SALESMANSHIP CLUB 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 3281639 3281639 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. 3281639 true true 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 false true 0 0 0 false false false false false false false false false false false X 9 9 false false true 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 - EFFECTIVE SEPT 2014 1.00 0 X X 0 0 0 J DODGE CARTER SECRETARY/TREASURER 1.00 0 X X 0 0 0 SAMUEL S MOORE Chairman - TERMED SEPT 2014 1.00 0 X X 0 0 0 EDWARD W ROSE Trustee - TERMED SEPT 2014 1.00 0 X 0 0 0 JOHN L WAGNER Trustee - EFFECTIVE SEPT 2014 1.00 0 X 0 0 0 JOSEPH BOYD NEUHOFF Trustee - TERMED SEPT 2014 1.00 0 X 0 0 0 LOUIS J GRABOWSKI TRUSTEE - EFFECTIVE SEPT 2014 1.00 0 X 0 0 0 PATRICK MCEVOY TRUSTEE - EFFECTIVE SEPT 2014 1.00 1.00 X 0 0 0 R KINNE KELL TRUSTEE 1.00 0 X 0 0 0 ROY GENE EVANS Trustee 1.00 0 X 0 0 0 STANLEY C BOULD TRUSTEE 1.00 0 X 0 0 0 TERRY KELLEY Trustee - TERMED SEPT 2014 1.00 1.00 X 0 0 0 VICTOR J SCHMERBECK TRUSTEE 1.00 0 X 0 0 0 WILLIAM C WILSHUSEN Trustee - TERMED SEPT 2014 1.00 3.00 X 0 0 0 TERI ISAACS EXECUTIVE DIRECTOR 2.00 38.00 X 0 192303 18585 0 192303 18585 0 false true false LUTHER KING CAPITAL MANAGEMENT 301 COMMERCE ST SUITE 1600 FT WORTH TX 761024116 INVEST MGMT SVCS 459682 1 X 654292 654292 0 0 0 0 0 0 0 0 0 0 1514605 1514605 0 0 0 0 0 10906342 7138897 3767445 0 3767445 3767445 0 0 0 0 0 0 0 0 0 0 0 5936342 0 0 5282050 3281639 3281639 0 0 0 0 0 0 0 0 0 0 10259 10259 121083 121083 0 0 449284 449284 0 0 0 0 0 4517 4517 0 0 0 0 0 0 0 0 0 9918 9918 0 0 0 0 3876700 3281639 595061 0 0 11604531 6323844 0 0 0 0 3000000 3000000 0 0 0 0 80874096 92710949 2177193 1475190 0 0 11972364 14008449 109628184 117518432 36287 37958 0 0 98883 137616 135170 175574 X 36464069 38315858 12450537 12508110 60578408 66518890 109493014 117342858 109628184 117518432 X 2059642 5691769 98433 X false true X true false X X X false false false SALESMANSHIP CLUB OF DALLAS 750717135 9 true true 3281639 1 3281639 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 109493014 654292 11072252 3281639 595061 117342858 94757560 408458 17868869 3043230 498643 109493014 88874121 141816 9002918 2770845 490450 94757560 84984439 211713 6690462 3012493 88874121 78213858 51569 9667353 2948341 84984439 0.32650 0.56690 0.10660 false false 0 0 0 0 0 0 CHARITABLE REMAINDER TRUST 11955303 INTEREST RECEIVABLE 154944 DUE FROM ESCROW 1898202 14008449 0 DUE TO SALESMANSHIP CLUB OF DALLAS 137616 137616 X 11726544 5691769 98433 5790202 5936342 0 0 5936342 3876700 0 0 3876700 0 0 3876700 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, 2014 AND 2013 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 2011. Schedule D, Part XI, Line 2d, Other revenues in audited financial statements not in form 990 CHANGE IN VALUE OF TRUSTS - 98433; true SALESMANSHIP CLUB OF DALLAS 106 E 10TH STREET DALLAS TX 75203 750717135 501 (C) 3 3281639 TRANSFER FOR OPERATING AND PROGRAM EXPENSES 1 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. false false false false false false false false false TERI ISAACS EXECUTIVE DIRECTOR 0 182703 0 0 0 9600 0 11500 0 7085 0 210888 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, Sec A, Line 4, Significant changes to organizational documents THE FOUNDATION BOARD OF TRUSTEES AMENDED THE BYLAWS ON SEPTEMBER 5, 2014 TO INCLUDE THE FOLLOWING: A)INCREASE IN NUMBER OF TRUSTEES FROM SEVEN (7) TO NINE (9), INCLUSIVE OF CHAIRMAN; B)ELIMINATE NON-VOTING MEMBERS AND INVITE GUESTS AS NEEDED; C)BYLAWS SILENT AS TO MAXIMUM TERM LIMITS OF TRUSTEES; D)INCREASE THE TERM OF THE CHAIRMAN FROM ONE (1) YEAR TO A TERM OF TWO (2) YEARS; AND E)CHAIRMAN AND THE MEMBERS OF THE BOARD OF TRUSTEES ARE ELECTED SOLELY FROM THE NOMINEES AS SUBMITTED BY THE NOMINATING COMMITTEE Form 990, Part VI, Sec A, 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, Sec A, 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, Sec B, 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, Sec B, 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, Sec B, 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, Sec C, 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 - 1,417,105 INTEREST ON LOAN - 97,500 TOTAL -1,514,605 Form 990 , Part XI, Line 9, Other changes in net assets or fund balances CHANGE IN VALUE OF CHARITABLE REMAINDER TRUST - 98433; 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) 11 - Type III - FI SCD false SCF PROPERTIESLP 106 E 10TH STREET SUITE 200 DALLAS TX 75203 020721727 HOLDING COMPANY TX NA false false false true false true false false false false false false false false false true true true false false false