2012-09-15T17:02:40-05:00 2011-10-31 BRUCE E BERNSTIEN & ASSOC PC 10440 N CENTRAL EXPRESSWAY STE 1040 DALLAS TX 75231 990 2010-11-01 752439715 Salesmanship Club Foundation SALE 2149439700 106 E 10th St Dallas TX 75203 terry kelley 2012-09-11 BRUCE E BERNSTIEN 2147060840 2010 2016-02-24 21:20:13Z Teri Isaacs 106 E 10th St Suite 200 Dallas TX 75203 23033466 false X www.scdallas.org X 1992 TX SUPPORT THE SALESMANSHIP CLUB YOUTH AND FAMILY CENTERS, INC. AND THE SALESMANSHIP CLUB OF DALLAS. 9 9 0 40 0 51569 211713 0 0 3683223 1695791 0 0 3734792 1907504 2538304 2585082 0 0 0 0 0 0 0 410037 427411 2948341 3012493 786451 -1104989 85108652 88962769 124213 88648 84984439 88874121 SUPPORT THE SALESMANSHIP CLUB YOUTH AND FAMILY CENTERS, INC. AND THE SALESMANSHIP CLUB OF DALLAS. false false 2585082 The Foundation is organized and operated to support the charitable and educational undertakings of the Salesmanship Club Youth and Family Centers, Inc. and the Salesmanship Club of Dallas to receive, hold, manage, convey and dispose of property and invest funds donated or otherwise acquired. 2585082 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 true 0 false true CJ false false false false false false false false false true false X 9 9 false false false false false false false true true false false true true true true true true true true false X TERI ISAACS 2149439700 106 E 10TH ST SUITE 200 Dallas TX 75203 X Sam P Burford thru 93011 1.0 X 0 0 0 Norman P Bagwell 1.0 X 0 0 0 Stephen W Barley as of 10111 1.0 X 0 0 0 Michael A Barnett thru 93011 1.0 X 0 0 0 Terry Kelley as of 10111 1.0 X X 0 0 0 Joseph Boyd Neuhoff 1.0 X 0 0 0 Michael P MassadJrthru 93011 1.0 X 0 0 0 Samuel S Moore as of 10111 1.0 X 0 0 0 Edward W Rose III 1.0 X 0 0 0 Victor J Schmerbeck as of 10111 1.0 X 0 0 0 Stanley J Shipley thru 93011 1.0 X X 0 0 0 Tommy A Valenta 1.0 X 0 0 0 John Yeaman as of 10111 1.0 X X 0 0 0 TERI ISAACS 2.0 X 0 159312 16965 0 159312 16965 0 false true false Luther King Capital Management 301 Commerce St Suite 1600 FT WORTH TX 761024116 Invest Mgmt Svcs 286194 1 211713 211713 0 1301443 1301443 0 0 21520310 21125962 394348 394348 394348 0 0 0 0 1907504 1695791 2585082 2585082 0 0 0 0 0 0 0 0 0 0 0 0 65626 65626 0 0 349790 349790 0 0 0 0 0 0 0 0 0 0 0 0 11315 11315 MISC EXPENSES 680 680 3012493 2585082 427411 0 3865130 8047844 66261064 66262000 3973489 4296930 11008969 10355995 85108652 88962769 21849 25035 102364 63613 124213 88648 X 25686727 25119720 17330335 17766563 41967377 45987838 84984439 88874121 85108652 88962769 X -1104989 4994671 X false true true X false X X X X false false false SALESMANSHIP CLUB OF DALLAS 750717135 0 true true true 2585082 SALESMANSHIP CLUB YOUTH AND FAMILY CENTERS INC 751855620 0 true true true 0 2 2585082 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 84984439 211713 6690462 3012493 88874121 78213858 51569 9667353 2948341 84984439 71876271 166865 9186052 3015330 78213858 0.28260 0.51740 0.20000 false false CHARITABLE REMAINDER TRUST 10190606 INTEREST RECEIVABLE 165389 10355995 0 DUE TO SALESMANSHIP CLUB OF DA 63613 63613 1907504 3012493 -1104989 5677900 -683229 4994671 3889682 6902175 5677900 -683229 4994671 1907504 1907504 3012493 3012493 3012493 OTHER REVENUE ON BOOKS NOT ON RETURN FORM 990, SCHEDULE D, PART XI, LINE 8 AND PART XII, LINE 2D CHANGE IN VALUE OF CHARITABLE REMAINDER TRUSTS: $(683,229) Uncertain Tax Position Under FIN 48 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, 2011 and 2010, 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 2008. Describe the intended use of the 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. and the Salesmanship Club of Dallas by providing operating and program related grants. true Salesmanship Club of Dallas 106 E 10th St Suite 200 Dallas TX 75203 750717135 501(c)(3) 2585082 Transfer for operating and program expense 1 0 Description of Organization's Procedures for Monitoring the Use of Grants Form 990, Schedule 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. X X false false false false false false false false false TERI ISAACS 0 159312 0 0 0 0 0 10460 0 6505 0 176277 0 0 Describe the Process used by Management &/or Governing Body to Review 990 Form 990, Part VI, 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. Description of Process to Monitor Transactions for Conflicts of Interest Form 990, Part VI, Line 12c: All board members are required to complete a conflict of interest questionaire on an annual basis. All potential conflicts are reviewed by the board of directors prior to entering into a contract. Any contract in excess of $50,000 must be put out to bid to ensure competetive pricing. The process for determining compensation Form 990, Part VI, Line 15: A compensation survey of similar non-profit organizations is conducted. 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. Avail of Gov Docs, Conflict of Interest Policy, & Fin Stmts to Gen Public Form 990, Part VI, Line 19: Requests for copies of governing documents, conflict of interest policy, financial statements and IRS Form 990s are directed to the controller or CFO and fulfilled immediately. Other changes in net assets or fund balances Form 990, Part XI, line 5: Net UnrealizeD gAIns on investments $5,677,900 Change in Value of Charitable Remainder Trusts $(683,229) HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:TERI ISAACS TITLE:Executive Director HOURS:38 SCF Holdings LLC 106 E 10th St Suite 200 DALLAS TX 75203 000000000 Holding COMPN TX Salesmanship Club of Dallas 106 E 10th St Suite 200 Dallas TX 75203 750717135 Charit.& Edu. TX 501(c)(3) 9 N/A Salesmanship Club Youth & Family Centers 106 E 10th St Suite 200 Dallas TX 75203 751855620 Edu & MH Svc TX 501(c)(3) 11A SCD SCF PROPERTIES LP 106 E 10th St Suite 200 DALLAS TX 75203 020721727 Holding co. TX false 0 false false true false false false false false false false false false false true true true false false false