The Town of Flower Mound provides annual funding to Community Support organizations that offer activities, programs, and services to the residents of Flower Mound.
Donor Name: Town of Flower Mound
State: Texas
Town: Flower Mound
Type of Grant: Grant
Deadline: 05/06/2024
Size of the Grant: Not Available
Grant Duration: Grant Duration Not Mentioned
Details:
Program Areas

Social Services
Cultural Arts

Application Requirements 

Must be 501(c) (3) tax-exempt entity providing services to the residents of Flower Mound.
Must have been in operation for at least three years prior to making application for funding.
Not more than 25 percent of the organization’s total operating budget will come from the Town’s Community Support funding. “In-Kind Services” are acceptable if included in the financial statement, can be verified by an independent source that the rate or value used is the same rate or value a third party or paying customer would pay, and the service or product is provided by someone not associated with the organization. 4. May not have more than six months operating expenses in reserve.

The Town recognizes that organizations may not meet this criterion for a variety of reasons, including deliberately building reserves for projects, funds in reserve already earmarked for specific purposes, or efficient administration of resources. Therefore, the Town reserves the right to allow an organization that otherwise meets the Community Support criteria but has more than six months operating expenses in reserve, to apply and be considered for funding, provided that the organization give an explanation for why they do not meet this criterion.

Must submit an “Community Support Funding Application” form, which includes the information listed below and all required attachments.

Information for the Application

the specific amount of funding requested for the proposed fiscal year;
a list of the anticipated benefits to the Town that will result from the funding;
statistics on service levels to the Town (actual and as a percentage of total);
a description of the request that specifically indicates the intended use for the funds;
a brief organization description;
status of goals listed for the organization’s most recent completed fiscal year;
goals and objectives for the proposed fiscal year;
explanation of increase to funding request; and
other miscellaneous information.

Required Attachments to the Application

an audit or CPA review of the most recently completed fiscal year;
organizations with a budget of less than $100,000 are not required to submit an audit or CPA review, but are required to submit financial statements with verification of Board approval (i.e. signature);
a current IRS 501(c) (3) Determination Letter;
form 990 submitted to the IRS for the current year;
a budget for either the current fiscal year or a proposed budget for the upcoming fiscal year; and
a list of other funds available for this program (may be shown in the budget).

For more information, visit Town of Flower Mound.