Centro Public Improvement District
- Assets
- $1.6m
- Revenue
- $6.2m
- Investments
- $0.0
- Employees
- 0
- Location
- San Antonio, TX
- Founding
- 03/2000
- Data as of
- 09/2021
- EIN
- 74-2930580
Organization Overview
Centro Public Improvement District is located in San Antonio, TX. The organization was established in 2000. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Centro Public Improvement District is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 09/2021, Centro Public Improvement District generated $6.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $6.3m during the year ending 09/2021. While expenses have increased by 3.9% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE REVITALIZATION OF THE CITY OF SAN ANTONIO'S DOWNTOWN BUSINESS DISTRICT, BY PROTECTING AND ENHANCING THE VALUES AND USAGE OF DOWNTOWN PROPERTIES AND BUSINESSES BY MAKING DOWNTOWN SAN ANTONIO AN EXCITING PLACE TO LIVE, WORK, SHOP, PLAY AND BE ENTERTAINED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CENTRO PID, THROUGH CONTRACT SERVICES, CLEANS AND MAINTAINS THE SIDEWALKS, REMOVES GRAFFITI FROM PUBLIC AREAS, AND COORDINATES WITH CITY PERSONNEL TO REPAIR AND CLEAN PUBLIC RIGHT-OF-WAYS WITHIN THE IMPROVEMENT DISTRICT. CENTRO PID HAS A SEPARATE CONTRACT WITH THE CITY AND WITH SAN ANTONIO RIVER AUTHORITY TO PROVIDE SANITATION SERVICES TO CERTAIN DOWNTOWN SECTIONS OF THE RIVERWALK INSIDE AND OUTSIDE THE DISTRICT BOUNDARIES AS WELL AS THE MUSEUM AND MISSION REACH SEGMENTS OF THE RIVERWALK. CENTRO PID ALSO CONTRACTS WITH AN OUTSIDE PARTY TO INSTALL AND MAINTAIN VARIOUS PLANTERS THROUGHOUT THE DISTRICT. THE CONTRACTOR PROVIDES ALL POTS, PLANTS AND MAINTAINS THE PLANTS AFTER INSTALLATION.
CENTRO PID, THROUGH CONTRACT SERVICES, EMPLOYS AND TRAINS PERSONNEL THAT PROVIDE INFORMATION AND DIRECTIONS WITHIN THE DOWNTOWN AREA AND RENDER ASSISTANCE TO PEDESTRIANS WITHIN THE DISTRICT.
CENTRO PID DEVELOPS MARKETING MATERIALS FEATURING AND DESCRIBING THE SERVICES AND ACTIVITIES OF THE DISTRICT TO REACH DOWNTOWN WORKERS, RESIDENTS, VISITORS, SURROUNDING NEIGHBORHOODS AND THE GREATER SAN ANTONIO METROPOLITAN AREAS. CENTRO PID, THROUGH CONTRACT SERVICES, ALSO DEVELOPS AND IMPLEMENTS BRANDING AND MARKETING CAMPAIGNS FOR THE DISTRICT AND HOSTS AND SUPPORTS COMMUNITY EVENTS.
CENTRO PID MAINTAINS AN OPERATIONS CENTER THAT PROVIDES SUPPORT TO ALL OTHER CENTRO PID PROGRAMS. EXPENSES ASSOCIATED WITH DISTRICT OPERATIONS INCLUDE SUPPLIES, RENT, EQUIPMENT STORAGE AND OTHER COSTS REQUIRED TO SUPPORT THE OPERATIONS CENTER FACILITY. CENTRO PID ALSO SUPPORTS AND MANAGES ADDITIONAL PROJECTS AND PROGRAMS THAT ARE OUTLINED IN THE ANNUAL SERVICE AND ASSESSMENT PLAN SUBMITTED TO THE CITY AND APPROVED BY THE CITY COUNCIL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Adelman Chair | OfficerTrustee | 0.5 | $0 |
Pete Broderick Vice Chair | OfficerTrustee | 0.5 | $0 |
Rick Pych Treasurer | OfficerTrustee | 0.5 | $0 |
Paula Owen Secretary | OfficerTrustee | 0.5 | $0 |
Trish Deberry Past Chair | OfficerTrustee | 0.5 | $0 |
Rene Garcia Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Block By Block Inc Maint&publ Reps | 9/29/21 | $3,449,055 |
Centro San Antonio Management | 9/29/21 | $1,233,960 |
City Of San Antonio Improvements | 9/29/21 | $126,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $6,159,320 |
| Investment income | $9 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,189,889 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $1,321,638 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $341,405 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $132,209 |
| Insurance | $0 |
| All other expenses | $590,216 |
| Total functional expenses | $6,277,067 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $100,010 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,406,711 |
| 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 | $43,039 |
| Net Land, buildings, and equipment | $98,211 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,647,971 |
| Accounts payable and accrued expenses | $1,277,888 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $55,975 |
| Other liabilities | $0 |
| Total liabilities | $1,333,863 |
| Net assets without donor restrictions | $314,108 |
| 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 | $1,647,971 |
Endowment Analysis
| Beg. Balance | $125,000 |
| Net Contributions | $25,000 |
| Other Expense | $150,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Old Spanish Trail-Almeda Corridors Redevelopment Authority Houston, TX | $78,272,041 | $12,203,610 |
Centro Public Improvement District San Antonio, TX | $1,647,971 | $6,189,889 |
Maple Avenue Economic Development Corporation Of Dallas Dallas, TX | $11,933,705 | $3,299,961 |
White River Planning & Development Dist Inc Batesville, AR | $13,868,468 | $4,307,468 |
Covenant Community Capital Corporation Houston, TX | $9,362,906 | $2,210,165 |
Metafund Corporation Edmond, OK | $30,699,805 | $2,775,325 |
Sfs Development Inc Oklahoma City, OK | $22,888,253 | $6,807,080 |
Divinc Austin, TX | $1,242,173 | $2,296,391 |
The Pyramid Community Development Corporation Houston, TX | $3,288,918 | -$1,072,522 |
Technology & Entrepreneurship Center Of Houston Inc Houston, TX | $3,649,151 | $380,691 |
Regional Community Finance Inc New Orleans, LA | $27,779,646 | $1,353,772 |
Duncan Area Economic Development Foundation Duncan, OK | $17,794,309 | $1,169,335 |