Advocate Foundation Inc
Advocate Foundation Inc
EIN: 20-5245262
as of September 2024
as of September 09, 2024
Mission
Our nonprofit journalism amplifies voices in divested Dallas neighborhoods and explores solutions to our city’s systemic inequities.
Ruling year
2007
Principal Officer
Keri Mitchell
Main address
6301 Gaston Ave Ste 850
Dallas, TX 75214 USA
IRS subsection
501(c)(3) Public Charity
IRS filing requirement
This organization is required to file an IRS Form 990 or 990-EZ.
Tax forms
Programs and results
What we aim to solve
Our programs
What are the organization's current programs, how do they measure success, and who do the programs serve?
Community journalism
We report news and information for and with the communities of South Dallas and West Dallas.
Where we work
Our Sustainable Development Goals
Learn more about Sustainable Development Goals.
Goals & Strategy
Reports and documents
Download strategic planFinancials
Revenue vs. expenses: breakdown
Liquidity in 2023 info
12.48
Months of cash in 2023 info
0.6
Fringe rate in 2023 info
24%
Funding sources info
Assets & liabilities info
Financial data
Advocate Foundation Inc
Balance sheetFiscal Year: Jan 01 - Dec 31
The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.
Fiscal Year: Jan 01 - Dec 31
This snapshot of Advocate Foundation Inc’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.
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Business model indicators
| Profitability info | 2022 | 2023 |
|---|---|---|
| Unrestricted surplus (deficit) before depreciation | $155,668 | -$239,245 |
| As % of expenses | 79.4% | -40.4% |
| Unrestricted surplus (deficit) after depreciation | $155,668 | -$239,245 |
| As % of expenses | 79.4% | -40.4% |
| Revenue composition info | ||
|---|---|---|
| Total revenue (unrestricted & restricted) | $351,732 | $352,370 |
| Total revenue, % change over prior year | 0.0% | 0.2% |
| Program services revenue | 0.0% | 0.0% |
| Membership dues | 0.0% | 0.0% |
| Investment income | 0.0% | 0.0% |
| Government grants | 97.8% | 94.0% |
| All other grants and contributions | 2.2% | 6.0% |
| Other revenue | 0.0% | 0.0% |
| Expense composition info | ||
|---|---|---|
| Total expenses before depreciation | $196,064 | $591,615 |
| Total expenses, % change over prior year | 0.0% | 201.7% |
| Personnel | 89.3% | 87.6% |
| Professional fees | 1.6% | 8.2% |
| Occupancy | 0.0% | 0.1% |
| Interest | 0.0% | 0.0% |
| Pass-through | 0.0% | 0.0% |
| All other expenses | 9.1% | 4.1% |
| Full cost components (estimated) info | 2022 | 2023 |
|---|---|---|
| Total expenses (after depreciation) | $196,064 | $591,615 |
| One month of savings | $16,339 | $49,301 |
| Debt principal payment | $0 | $0 |
| Fixed asset additions | $0 | $0 |
| Total full costs (estimated) | $212,403 | $640,916 |
Capital structure indicators
| Liquidity info | 2022 | 2023 |
|---|---|---|
| Months of cash | 17.9 | 0.6 |
| Months of cash and investments | 17.9 | 0.6 |
| Months of estimated liquid unrestricted net assets | 17.9 | 0.6 |
| Balance sheet composition info | 2022 | 2023 |
|---|---|---|
| Cash | $292,000 | $29,960 |
| Investments | $0 | $0 |
| Receivables | $0 | $0 |
| Gross land, buildings, equipment (LBE) | $0 | $0 |
| Accumulated depreciation (as a % of LBE) | 0.0% | 0.0% |
| Liabilities (as a % of assets) | 0.0% | 8.0% |
| Unrestricted net assets | $292,000 | $27,560 |
| Temporarily restricted net assets | N/A | N/A |
| Permanently restricted net assets | N/A | N/A |
| Total restricted net assets | $0 | $0 |
| Total net assets | $292,000 | $27,560 |
Key data checks
| Key data checks info | 2022 | 2023 |
|---|---|---|
| Material data errors | No | No |
Operations
The people, governance practices, and partners that make the organization tick.
Documents
Principal Officer
Keri Mitchell
Number of employees
Source: IRS Form 990
Advocate Foundation Inc
Officers, directors, trustees, and key employeesSOURCE: IRS Form 990
Compensation data
There are no highest paid employees recorded for this organization.
Advocate Foundation Inc
Board of directorsas of 09/12/2024
Board of directors data
John Hill
Trinity Park Conservancy
Term: 2023 -
Alex Enriquez
S&P Global
Angela Downes
UNT Dallas College of Law
Lucy Huang
Laura Zenick
PwC
Organizational demographics
Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.
Leadership
The organization's leader identifies as:
Race & ethnicity
Gender identity
Transgender Identity
Sexual orientation
Disability
Equity strategies
Last updated: 09/18/2023GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more
- We disaggregate data to adjust programming goals to keep pace with changing needs of the communities we support.
- We disaggregate data by demographics, including race, in every policy and program measured.
- We have long-term strategic plans and measurable goals for creating a culture such that one’s race identity has no influence on how they fare within the organization.
- We seek individuals from various race backgrounds for board and executive director/CEO positions within our organization.
- We have community representation at the board level, either on the board itself or through a community advisory board.
- We help senior leadership understand how to be inclusive leaders with learning approaches that emphasize reflection, iteration, and adaptability.
- We engage everyone, from the board to staff levels of the organization, in race equity work and ensure that individuals understand their roles in creating culture such that one’s race identity has no influence on how they fare within the organization.
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- Contractor and/or Paid Preparer data for 2023, 2022
- Board of Directors data for 2024
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