Downtown Fort Worth Inc
- Assets
- $1.7m
- Revenue
- $9.6m
- Investments
- $0.0
- Employees
- 9
- Location
- Fort Worth, TX
- Founding
- 07/1982
- Data as of
- 09/2021
- 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 09/2021, Downtown Fort Worth Inc employed 9 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 09/2021, Downtown Fort Worth Inc generated $9.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $9.4m during the year ending 09/2021. While expenses have increased by 1.5% 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
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.
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.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andy Taft President | Officer | 10 | $407,545 |
Melissa Knour Director Of Planning | Officer | 10 | $106,985 |
Matthew Beard Pid & Tif Director | Officer | 10 | $103,354 |
Brandi Ervin Controller | Officer | 10 | $86,904 |
Steve Hambrick Secretary | OfficerTrustee | 1 | $0 |
Larry Anfin Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Landscape Partners Landscape/ Sidewalk | 9/29/21 | $532,336 |
Full Press Power Clean Fka Cowtown Traff Sidewalk Sweeping | 9/29/21 | $381,080 |
Block By Block Ambassadors | 9/29/21 | $694,878 |
General Industrial Contractors Inc Landscape/ Sidewalk | 9/29/21 | $269,625 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $133,630 |
| Related organizations | $0 |
| Government grants | $185,394 |
| 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 | $319,024 |
| Total Program Service Revenue | $9,221,641 |
| Investment income | $113 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$52,342 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,582,702 |
| 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. | $765,968 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $347,131 |
| Pension plan accruals and contributions | $34,193 |
| Other employee benefits | $84,777 |
| Payroll taxes | $63,864 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,500 |
| Fees for services: Accounting | $31,938 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,255 |
| Advertising and promotion | $74,309 |
| Office expenses | $29,313 |
| Information technology | $17,002 |
| Royalties | $0 |
| Occupancy | $191,342 |
| Travel | $2,195 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $80,124 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,987 |
| Insurance | $48,199 |
| All other expenses | $24,508 |
| Total functional expenses | $9,395,460 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,004,247 |
| Savings and temporary cash investments | $56,889 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $584,687 |
| 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 | $35,384 |
| Net Land, buildings, and equipment | $17,795 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,699,002 |
| Accounts payable and accrued expenses | $143,886 |
| Grants payable | $0 |
| Deferred revenue | $998,127 |
| 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 | $0 |
| Total liabilities | $1,142,013 |
| Net assets without donor restrictions | $556,989 |
| 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 | $1,699,002 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Downtown Fort Worth Inc has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Organization Name not Listed PURPOSE: JFK TRIBUTE | | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Onestar Foundation Austin, TX | $2,630,311 | $19,496,828 |
Las Colinas Association Irving, TX | $32,652,078 | $16,281,459 |
Downtown Fort Worth Inc Fort Worth, TX | $1,699,002 | $9,582,702 |
Texas Retired Teachers Association Austin, TX | $11,866,847 | $5,873,069 |
Childrens Charity Houston, TX | $1,357,156 | $4,121,015 |
Pine-Belt Multi-Purpose Community Action Agency Incorporated Jonesboro, LA | $579,272 | $3,229,420 |
Georgetown Caring Place Georgetown, TX | $4,842,347 | $3,321,334 |
The Onestar Foundation Austin, TX | $2,465,909 | $3,375,276 |
Saheli Austin, TX | $538,210 | $2,600,715 |
Friendship Of Women Brownsville, TX | $941,053 | $2,402,279 |
Greater Waco Collective Impact Initiative Waco, TX | $1,049,789 | $1,541,441 |
Day Resource Center For The Homeless Fort Worth, TX | $352,912 | $2,190,663 |