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Yellow Rose Gala Foundation

EIN 47-1982785 · Dallas, TX

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthFair58 out of 100GovernanceFair59 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

TO FOREVER RID THE WORLD OF MULTIPLE SCLEROSIS. THROUGH THIS INITIATIVE THE FOUNDATION IS PARTNERING WITH THE NATIONAL MULTIPLE SCLEROSIS SOCIETY WHERE 100% OF THE NET PROCEEDS RAISED WILL GO DIRECTLY TO PROGRESSIVE MULTIPLE SCLEROSIS RESEARCH.

Income
$264,037
Spending
$266,747
Spent on programs
97%
Reserves
2.5 months of spending
Largest source of income
donations and private grants, 100%
Employees
0
Volunteers
70

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Fair: 58 out of 100. Higher than 26% of charities in its peer group (arts and culture, $250k to $1m).

  • Reserves

    10 of 35

    Spendable reserves would cover 2.5 months of spending.

  • Debt

    20 of 20

    It owes 0% of what it owns.

  • Living within its means

    8 of 15

    Spending exceeded income by 1% of income.

  • Income trend

    5 of 15

    Income fell 15% on the year before.

  • Spending floor

    15 of 15

    97% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Fair: 59 out of 100. Higher than 28% of charities in its peer group (arts and culture, $250k to $1m).

  • Independent board

    25 of 25

    12 of 15 voting board members are independent.

  • Conflict of interest policy

    0 of 15

    Reports no written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Independent check of accounts

    6 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. $257,423 spent. THE YELLOW ROSE GALA FOUNDATION WAS FIRST ESTABLISHED BY FOUNDERS DEE AND JIMMY WYNNE IN APRIL 1986, SHORTLY AFTER DEE'S DIAGNOSIS WITH MULTIPLE SCLEROSIS. FROM 1986-2001 THE GALA BECAME ONE OF THE MOST PROMINENT SOCIAL EVENTS IN DALLAS, NETTING OVER $5 MILLION FOR MS RESEARCH. WYNNE'S DISEASE EVENTUALLY PREVENTED HER FROM CONTINUING WITH THE GALA BUT IT DIDN'T IMPEDE THE IMPRINT SHE MADE. THAT FINAL FUNDRAISER, IN 2001, WAS ONE FOR THE RECORD BOOKS. IT NETTED OVER $2 MILLION, WITH PERFORMANCES BY THE EAGLES, STEVIE NICKS AND TRISHA YEARWOOD.FOLLOWING DEE WYNNE'S PASSING IN 2014 AND IN HONOR OF HER MEMORY, THE GALA HAS SINCE BEEN REESTABLISHED BY HER CHILDREN, TODD WYNNE AND FALLON WYNNE WAY WITH THE HELP OF YOUNG ACTIVE COMMUNITY LEADERS AND PAST YELLOW ROSE SUPPORTERS.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since February 2015.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.