2014-09-11T20:00:04-05:00 2013-10-31 CROWE HORWATH LLP 750 N ST PAUL SUITE 850 DALLAS TX 75201 990 2012-11-01 752439715 SALESMANSHIP CLUB FOUNDATION SALE 2149439700 106 E 10th St Dallas TX 75203 PATTY PICKARD 2014-09-11 true Rachel Spurlock P00520729 2147775200 2012 2015-11-30 17:44:51Z TERI ISAACS 106 E 10th St Dallas TX 75203 17967953 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. 7 7 0 40 0 0 91816 408458 0 0 3739900 4218125 0 0 3831716 4626583 2770845 3043230 0 0 0 0 0 0 0 440450 498643 3211295 3541873 620421 1084710 94874681 109628184 117121 135170 94757560 109493014 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 3044230 3043230 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. 3044230 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 7 7 false false false false false false false 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 SAMUEL S MOORE 1.00 0 X X 0 0 0 VICTOR J SCHMERBECK 1.00 0 X X 0 0 0 BRUCE W HUNT 1.00 0 X 0 0 0 J DODGE CARTER 1.00 0 X 0 0 0 JOHN M YEAMAN 1.00 0 X 0 0 0 NORMAN P BAGWELL 1.00 0 X 0 0 0 R KINNE KELL 1.00 0 X 0 0 0 ROY GENE EVANS 1.00 1.00 X 0 0 0 SAM BURFORD 1.00 0 X 0 0 0 STANLEY C BOULD 1.00 0 X 0 0 0 TERRY KELLEY 1.00 0 X 0 0 0 TOMMY A VALENTA 1.00 0 X 0 0 0 TERI ISAACS 1.00 39.00 X 0 180473 17215 0 180473 17215 0 false true false LUTHER KING CAPITAL MANAGEMENT 301 COMMERCE ST SUITE 1600 FT WORTH TX 761024116 INVEST MGMT SVCS 374998 1 X 408458 408458 0 0 0 0 0 0 0 0 0 0 1460504 1460504 0 0 0 0 0 16098991 13341370 2757621 0 2757621 2757621 0 0 0 0 0 0 0 0 0 0 0 4626583 0 0 4218125 3043230 3043230 0 0 0 0 0 0 0 0 0 0 209 209 87866 87866 0 0 398760 398760 1000 1000 0 0 0 0 0 0 0 0 0 0 0 0 0 9628 9628 MISC EXPENSES 1180 1180 0 0 0 0 3541873 3044230 497643 0 0 5855054 11604531 0 0 3000000 3000000 0 0 0 0 72910577 80874096 1664440 2177193 0 0 11444610 11972364 94874681 109628184 31839 36287 0 85282 98883 117121 135170 X 32672582 36464069 11854952 12450537 50230026 60578408 94757560 109493014 94874681 109628184 X 1084710 13002016 648728 X false true X true false X X X false false false SALESMANSHIP CLUB OF DALLAS 750717135 9 true true 3043230 1 3043230 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 94757560 408458 17868869 3043230 498643 109493014 88874121 141816 9002918 2770845 490450 94757560 84984439 211713 6690462 3012493 88874121 78213858 51569 9667353 2948341 84984439 71876271 166865 9186052 3015330 78213858 0.33300 0.55330 0.11370 false false 0 0 0 0 0 0 CHARITABLE REMAINDER TRUST 11856870 INTEREST RECEIVABLE 115494 11972364 0 DUE TO SALESMANSHIP CLUB OF DALLAS 98883 98883 X 18277327 13002016 648728 13650744 4626583 0 0 4626583 3541873 0 0 3541873 0 0 3541873 Intended uses of endowment funds Schedule D, Part V, Line 4 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. FIN 48 (ASC 740) footnote Schedule D, Part X, Line 2 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, 2013 AND 2012 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 FOUNDATION'S TAX RETURN TO DETERMINE WHETHER THE TAX POSITIONS ARE MORE LIKELY THAN NOT OF BEINGS 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 TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS PRIOR TO 2010. Other revenues in audited financial statements not in form 990 Schedule D, Part XI, Line 2d CHANGE IN VALUE CHARITABLE REMAINDER TRUSTS - 648728; true SALESMANSHIP CLUB OF DALLAS 106 E 10TH STREET DALLAS TX 75252 750717135 501 (C) 3 3043230 TRANSFER FOR OPERATING AND PROGRAM EXPENSES 1 Procedures for monitoring use of grant funds Schedule I, Part I, Line 2 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 0 180473 0 0 0 0 0 10900 0 6315 0 197688 0 0 Arrangement used to establish the top management official's compensation Schedule J, Part I, Line 3 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. Review of form 990 by governing body Form 990, Part VI, Section B, Line 11b 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. Conflict of interest policy Form 990, Part VI, Section B, Line 12c 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. Process used to establish compensation of top management official Form 990, Part VI, Section B, Line 15a 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 Governing documents, conflict of interest policy and financial statements available to the public Form 990, Part VI, Section C, Line 19 COPIES OF GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. INVESTMENT INCOME FORM 990, PART VIII, LINE 3 INTEREST AND DIVIDEND INCOME - 1,363,004 INTEREST ON LOAN - 97,500 TOTAL -1,460,504 Other changes in net assets or fund balances Form 990 , Part XI, Line 9 CHANGE IN VALUE OF TRUSTS - 648728; 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 CHARIT. & EDU. TX 501(C)(3) 9 NA false SALESMANSHIP CLUB YOUTH & FAMILY CENTERS 106 E 10TH ST SUITE 200 DALLAS TX 75203 EDU & MH SVC TX 501(C)(3) 11 - Type I 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