Historic Southside Incorporated
- Assets
- $831.7k
- Revenue
- $550.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Worth, TX
- Founding
- 11/1987
- Data as of
- 12/2021
- EIN
- 75-2123545
Organization Overview
Historic Southside Incorporated is located in Fort Worth, TX. The organization was established in 1987. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Historic Southside Incorporated is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Historic Southside Incorporated generated $550.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.0% each year . All expenses for the organization totaled $167.6k during the year ending 12/2021. While expenses have increased by 4.8% per year over the past 7 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
HISTORIC SOUTHSIDE, INC. IS A 501(C)(3) NON-PROFIT ORGANIZATION DEDICATED TO THE ONGOING REDEVELOPMENT OF FORT WORTH'S NEAR SOUTHSIDE AS A VIBRANT, URBAN, MIXED-USE NEIGHBORHOOD. THIS IS ACCOMPLISHED THROUGH THE PRODUCTION OF PUBLIC CULTURAL EVENTS, AND THE IMPLEMENTATION OF TARGETED INITIATIVES THAT INVEST IN PUBLIC SPACES; PROMOTE THE ARTS AND HISTORIC PRESERVATION; EXPAND HOUSING CHOICES; AND INITIATE NEW COMMUNITY PARTNERSHIPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ESTABLISHED IN 2020 TO RESPOND TO THE COMMUNITY IMPACT OF COVID-19, THE CARES FUND ALLOWS LOCAL INDIVIDUALS AND BUSINESSES TO APPLY FOR A SMALL RELIEF GRANT. THE CARES FUND GAVE OUT 72 GRANTS IN 2021, TOTALING $19,800.
ARTSGOGGLE BEGAN IN 2002 AS AN INDOOR GALLERY NIGHT AND HAS GROWN INTO A STREET FAIR THAT SPANS MORE THAN A MILE OF NEAR SOUTHSIDE'S PROMINENT MAGNOLIA AVENUE. ARTSGOGGLE IS A FREE TO THE PUBLIC, FAMILY-FRIENDLY EVENT THAT HOSTS MORE THAN 1,000 VISUAL ARTISTS, 50 MUSICAL PERFORMANCES, ARTISTIC DISPLAYS OF EVERY KIND, FOOD, DRINK, AND FUN FOR EVERYONE. IT HIGHLIGHTS THE WORK OF LOCAL ARTISTS, MUSICIANS, AND PERFORMERS OF ALL MEDIA AND EXPERIENCE LEVELS. ARTSGOGGLE WAS CANCELED IN 2020 DUE TO COVID-19, AND PLANS TO RESUME IN SPRING 2022 WHEN IT IS SAFE FOR THE COMMUNITY TO GATHER TOGETHER AGAIN.
SUMMER SWIM PROGRAM - EACH YEAR HSI ADMINISTERS A GRANT FROM THE RAINWATER CHARITABLE FOUNDATION WHICH PROVIDES FUNDING FOR STRUCTURED SWIMMING LESSONS THROUGH THE CITY OF FORT WORTH PARKS AND COMMUNITY SERVICE MOBILE RECREATION SUMMER DAY CAMP. HISTORIC SOUTHSIDE, INC. RECEIVES A FEE OF 10% FOR ITS SERVICES ADMINISTERING THE PROGRAM. THE PROGRAM RESUMED IN 2021 FOLLOWING THE COVID-19 PANDEMIC.
PUBLIC SPACE BEAUTIFICATION, ANICE READ FUND, ARTSOUTH, CREATIVE INCUBATOR, FIRE STATION PARK, PARK(ING) DAY, FRIDAY ON THE GREEN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Brennan President | Officer | 5 | $0 |
Chuck Bouligny Vice Chair | Officer | 1 | $0 |
Bobby Grigsby Treasurer | Officer | 1 | $0 |
Chad Kerr Chair | Officer | 1 | $0 |
Benjamin Barkley Secretary | Officer | 1 | $0 |
Colleen Fischer Director | Trustee | 0.5 | $0 |
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 | $549,575 |
| Noncash contributions included in lines 1a–1f | $50,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $549,575 |
| Total Program Service Revenue | $0 |
| Investment income | $1,221 |
| 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 | $550,796 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $19,800 |
| 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 | $0 |
| Fees for services: Legal | $741 |
| Fees for services: Accounting | $2,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $100 |
| Office expenses | $2,005 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $167,590 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $831,731 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $831,731 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $165,700 |
| 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 | $165,700 |
| Net assets without donor restrictions | $69,394 |
| Net assets with donor restrictions | $596,637 |
| 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 | $831,731 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Historic Southside Incorporated has recieved totaling $39,000.
| Awarding Organization | Amount |
|---|---|
Vf Foundation Wilmington, DE PURPOSE: SKATE SCHOOL AT DICKIES SKATE PLAZA | $39,000 |
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 |