City Center Waco
- Assets
- $2.2m
- Revenue
- $472.5k
- Investments
- $1.1m
- Employees
- 7
- Location
- Waco, TX
- Founding
- 05/1988
- Data as of
- 09/2021
- EIN
- 74-2489885
Organization Overview
City Center Waco is located in Waco, TX. The organization was established in 1988. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2021, City Center Waco employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. City Center Waco is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT POTENTIAL AND EXISTING BUSINESSES IN MCLENNAN AND SURROUNDING COUNTIES, ESPECIALLY IN DISADVANTAGED AREAS. TO PROMOTE COMMUNITY AND ECONOMIC DEVELOPMENT THROUGH INNOVATION, COORDINATION, AND COLLABORATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY ENGAGEMENT: PROVIDING PLANNING, ENGAGEMENT AND EDUCATION TO COMMUNITY GROUPS, NEIGHBORHOOD ASSOCIATIONS, RESIDENTS, SMALL BUSINESSES AND DEVELOPERS TO ENCOURAGE COMMUNITY-SERVING, AFFORDABLE AND EQUITABLE DEVELOPMENT OF BUSINESSES AND OTHER SERVICES
COMMUNITY REDEVELOPMENT: ACQUISITION AND RENOVATION OF PROPERTY FOR DEVELOPMENT OF COMMUNITY RESOURCES INCLUDING AFFORDABLE HOUSING AND SMALL BUSINESS INCUBATION
REJUVENATION OF DOWNTOWN AS A COMMUNITY GATHERING PLACE INCLUDING MAKING IT SAFER WITH LIGHTING AND SECURITY PATROLS, MORE APPEALING THROUGH REMOVAL OF GRAFFITI AND LANDSCAPING, PROVISION OF A DOWNTOWN AREA SHUTTLE FROM PARKING AREAS TO THE COMMERCE AREAS, MARKETING AND SIGNAGE. THE ORGANIZATION ALSO PROVIDES ASSISTANCE TO THE DOWNTOWN AREA'S ANNUAL WINTER WONDERLAND, WHICH ATTRACTS THE PUBLIC TO THE DOWNTOWN AREA. THE ORGANIZATION HAD APPROXIMATELY 40 VOLUNTEERS CONTRIBUTING OVER 800 HOURS OF VOLUNTEER TIME ASSISTING CITY CENTER WACO DURING THE FISCAL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Megan Henderson Executive Director | Officer | 40 | $102,032 |
Mark Arias President | OfficerTrustee | 1 | $0 |
Fernando Arroyo Treasurer | OfficerTrustee | 1 | $0 |
Carla Dotson Secretary | OfficerTrustee | 1 | $0 |
Ben Lacy Past President | OfficerTrustee | 1 | $0 |
Malcolm Duncan Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $458,620 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,861 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $469,481 |
| Total Program Service Revenue | $0 |
| Investment income | $458 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,600 |
| Net Gain/Loss on Asset Sales | -$1,072 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $472,467 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $102,032 |
| Compensation of current officers, directors, key employees. | $25,508 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $164,620 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $20,611 |
| Payroll taxes | $10,240 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $31,771 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,596 |
| Advertising and promotion | $997 |
| Office expenses | $7,823 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $26,233 |
| Travel | $148 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,741 |
| All other expenses | $518 |
| Total functional expenses | $462,608 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $356,187 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $656,348 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $136,420 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,059,349 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,560 |
| Total assets | $2,224,864 |
| Accounts payable and accrued expenses | $235,361 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $358,585 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $593,946 |
| Net assets without donor restrictions | $1,630,918 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,224,864 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that City Center Waco has recieved totaling $11.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $11 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Avance Inc San Antonio, TX | $11,319,048 | $60,395,226 |
Operation Homefront Inc San Antonio, TX | $30,804,944 | $40,861,039 |
Gulf Coast Community Services Assn Inc Houston, TX | $4,457,612 | $33,824,576 |
Hill Country Community Action Association Inc San Saba, TX | $4,864,839 | $26,700,596 |
Crawford Sebastian Community Development Council Inc Fort Smith, AR | $10,081,488 | $25,336,007 |
St Martin Iberia Lafayette Parishes Community Action Agency Lafayette, LA | $1,628,921 | $19,226,376 |
El Paso Community Action Program Project Bravo Inc El Paso, TX | $2,433,349 | $16,653,742 |
Abilene Improvement Corporation Abilene, TX | $4,300,132 | $16,087,347 |
Waterloo Greenway Conservancy Austin, TX | $14,294,713 | $19,654,960 |
Avance Inc San Antonio, TX | $3,341,095 | $14,922,059 |
Northwest Arkansas Council Foundation Springdale, AR | $9,473,428 | $13,530,717 |
First Colony Community Services Association Inc Sugar Land, TX | $19,403,817 | $10,458,068 |