Downtown Fort Worth Inc
- Assets
- $3.5m
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 10
- Location
- Fort Worth, TX
- Founding
- 07/1982
- Data as of
- 09/2023
- EIN
- 75-1820114
Organization Overview
Downtown Fort Worth Inc is located in Fort Worth, TX. The organization was established in 1982. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2023, Downtown Fort Worth Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Downtown Fort Worth Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 09/2023, Downtown Fort Worth Inc generated $5.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.6%) each year. All expenses for the organization totaled $5.0m during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (6.6%) per year over the past 8 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
DOWNTOWN FORT WORTH, INC. WAS ESTABLISHED TO FOSTER, PROMOTE, MAINTAIN AND ENCOURAGE THE CIVIC, SOCIAL AND GENERAL WELFARE OF THE CITY OF FORT WORTH THROUGH THE ENCOURAGEMENT AND PROMOTION OF BETTER BUSINESS AND LIVING CONDITIONS IN DOWNTOWN FORT WORTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TIF - DOWNTOWN TAX INCREMENT FINANCING DISTRICT WAS ESTABLISHED TO SUPPORT DOWNTOWN DEVELOPMENT. FOCUS AREAS INCLUDE RESIDENTIAL DENSITY AND DEVELOPMENT, FREE PUBLIC PARKING, HISTORIC BUILDING PRESERVATION, STREETSCAPE, PUBLIC INFRASTRUCTURE IMPROVEMENTS, ETC.
AMBASSADOR PROGRAM-HOSPITALITY SERVICE TEAM PROVIDED BY THE DOWNTOWN PUBLIC IMPROVEMENT DISTRICTS (PIDS).SECURITY-PROVIDES IMPROVED SECURITY IN THE PUBLIC IMPROVEMENT DISTRICT #1 BY AIDING THE FORT WORTH POLICE DEPARTMENT MOUNTED PATROL, ORGANIZING SEMINARS ON CRIME PREVENTION AND PARTICIPATION IN THE CRIME WATCH PROGRAM.TRANSPORTATION AND PARKING-PROVIDES ASSISTANCE TO SPECIAL TRANSPORTATION AND PARKING PROJECTS OCCURRING WITHIN THE PUBLIC IMPROVEMENT DISTRICT #1 BY ASSISTING IN IMPLEMENTATION OF THE PROJECTS.RESEARCH-PROVIDES BASELINE DATA AND STUDIES TO QUANTIFY ECONOMIC CONDITIONS IN DOWNTOWN.ADMINISTRATION-ACCOUNTS FOR THE ADMINISTRATIVE SERVICES THE ORGANIZATION PROVIDES FOR THE PUBLIC IMPROVEMENT DISTRICT #1 & #14.
MAINTENANCE/LANDSCAPE-PROVIDES MAINTENANCE AND LANDSCAPING SERVICES IN THE PUBLIC IMPROVEMENT DISTRICT #1 & #14 THROUGH THE HIRING AND SUPERVISING OF SUBCONTRACTORS FOR STREET AND SIDEWALK CLEANING AND LANDSCAPING.
PROMOTION/MARKETING-PROVIDES YEAR ROUND ACTIVITIES IN THE PUBLIC IMPROVEMENT DISTRICT #1 THROUGH PLANNING AND SUPERVISION OF SPECIAL EVENTS AND THROUGH PROMOTION OF DOWNTOWN FORT WORTH AS A PREFERRED LOCATION FOR BUSINESS, TOURISM, ENTERTAINMENT AND LIVING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rusty Anderson Director | Trustee | 1 | $0 |
Richard Andreski Director | Trustee | 1 | $0 |
Larry Anfin Director | Trustee | 1 | $0 |
Larry Auth Director | Trustee | 1 | $0 |
John Avila Director | Trustee | 1 | $0 |
Lori Baldock Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Landscape Partners Landscape/ Sidewalk Cleaning | 9/29/23 | $809,332 |
The Fain Group Construction | 9/29/23 | $101,509 |
Block By Block Ambassadors | 9/29/23 | $756,351 |
Full Press Power Clean Fka Cowtown Traff Sidewalk Sweeping | 9/29/23 | $408,092 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $87,857 |
| 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 | $87,857 |
| Total Program Service Revenue | $4,496,813 |
| Investment income | $28,479 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $1 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,971,189 |
| 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. | $1,031,430 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $169,124 |
| Pension plan accruals and contributions | $23,643 |
| Other employee benefits | $57,169 |
| Payroll taxes | $64,455 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,590 |
| Fees for services: Accounting | $34,625 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,438 |
| Advertising and promotion | $92,679 |
| Office expenses | $61,305 |
| Information technology | $18,346 |
| Royalties | $0 |
| Occupancy | $217,826 |
| Travel | $4,450 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $92,190 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,238 |
| Insurance | $40,739 |
| All other expenses | $61,587 |
| Total functional expenses | $4,971,184 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $690,509 |
| Savings and temporary cash investments | $1,669,857 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $634,940 |
| 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 | $67,849 |
| Net Land, buildings, and equipment | $17,737 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $440,794 |
| Total assets | $3,521,686 |
| Accounts payable and accrued expenses | $285,712 |
| Grants payable | $0 |
| Deferred revenue | $2,058,293 |
| 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 | $0 |
| Other liabilities | $496,927 |
| Total liabilities | $2,840,932 |
| Net assets without donor restrictions | $680,754 |
| 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 | $3,521,686 |