Center City Of Amarillo Inc
- Assets
- $459.9k
- Revenue
- $319.6k
- Investments
- $0.0
- Employees
- 4
- Location
- Amarillo, TX
- Founding
- 04/1995
- Data as of
- 09/2021
- EIN
- 75-2548311
Organization Overview
Center City Of Amarillo Inc is located in Amarillo, TX. The organization was established in 1995. As of 09/2021, Center City Of Amarillo Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Center City Of Amarillo Inc 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 09/2021, Center City Of Amarillo Inc generated $319.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $295.1k during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Center City Of Amarillo Inc has awarded 30 individual grants totaling $413,350. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
USE RESTRUCTURING TO BRING PEOPLE TO DOWNTOWN AMARILLO
Describe the Organization's Program Activity:
Part 3 - Line 4a
CENTER CITY PROVIDES GRANTS TO REFURBISH BUILDING FACADES, ORGANIZES COMMUNITY SOCIAL EVENTS IN THE DOWNTOWN AREA, AND ENCOURAGES DOWNTOWN DEVELOPMENT. CURRENT DOWNTOWN EVENTS INCLUDE: HOODOO ART FESTIVAL; THE ELECTRIC LIGHT PARADE IN EARLY DECEMBER THAT CONCLUDES WITH THE LIGHTING OF THE CITY'S CHRISTMAS TREE; HIGH NOON ON THE SQUARE DURING JUNE AND JULY WHICH IS A FREE CONCERT WITH LUNCH ON THE LAWN OF THE HISTORIC POTTER COUNTY COURTHOUSE; JAZZTOBER WHICH IS A FREE JAZZ CONCERT IN OCTOBER ON THE LAWN OF THE HISTORIC BIVINS HOME; AMARILLO COMMUNITY MARKET WHICH BRINGS THE COMMUNITY DOWNTOWN EACH SATURDAY BETWEEN JUNE-SEPTEMBER TO EAT AND SHOP LOCAL FROM VARIOUS VENDORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beth Duke Executive Di | Officer | 40 | $110,500 |
Cal Brannon President | OfficerTrustee | 2 | $0 |
Allison Davis Past Preside | OfficerTrustee | 2 | $0 |
Ed Dowdy President El | OfficerTrustee | 2 | $0 |
Erica Radach Treasurer | OfficerTrustee | 2 | $0 |
Matt Mathias Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $48,625 |
| Related organizations | $23,000 |
| Government grants | $242,850 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,094 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $326,569 |
| Total Program Service Revenue | $0 |
| Investment income | $2,007 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$9,257 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $319,598 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $70,000 |
| 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. | $113,300 |
| Compensation of current officers, directors, key employees. | $11,330 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $39,830 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,714 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,905 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $266 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $2,371 |
| Royalties | $0 |
| Occupancy | $11,292 |
| Travel | $221 |
| 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 | $6,428 |
| Insurance | $13,531 |
| All other expenses | $201 |
| Total functional expenses | $295,105 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $101,473 |
| Savings and temporary cash investments | $275,921 |
| Pledges and grants receivable | $43,400 |
| 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 | $12,892 |
| Net Land, buildings, and equipment | $25,612 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $635 |
| Total assets | $459,933 |
| Accounts payable and accrued expenses | $210,798 |
| Grants payable | $41,350 |
| Deferred revenue | $21,510 |
| 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 | $273,658 |
| Net assets without donor restrictions | $186,275 |
| 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 | $459,933 |
Grants Awarded
Over the last fiscal year, Center City Of Amarillo Inc has awarded $66,500 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
BANK OF COMMERCEBANK OF COMMERCE PURPOSE: TO FULFILL MISSION | $20,000 |
BRACEROSBRACEROS PURPOSE: TO FULFILL MISSION | $20,000 |
WEST TEXAS A&M UNIVERSITYWEST TEXAS A&M UNIVERSITY PURPOSE: TO FULFILL MISSION | $14,350 |
AMARILLO ICE RANCHAMARILLO ICE RANCH PURPOSE: TO FULFILL MISSION | $7,000 |
THE MARIZON BUILDINGTHE MARIZON BUILDING PURPOSE: TO FULFILL MISSION | $5,150 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Center City Of Amarillo Inc has recieved totaling $25,112.
| Awarding Organization | Amount |
|---|---|
Amarillo Area Foundation Inc Amarillo, TX PURPOSE: PROGRAM SUPPORT | $25,112 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Central Houston Civic Improvement Inc Houston, TX | $4,707,163 | $1,106,965 |
The Carver Development Board San Antonio, TX | $2,598,212 | $249,193 |
Center City Of Amarillo Inc Amarillo, TX | $459,933 | $319,598 |
Pine Bluff Downtown Development Inc Pine Bluff, AR | $410,965 | $132,480 |
Houston Civic Arts Association Inc Katy, TX | $2,150 | $0 |
Hillsboro Cemetery Association Inc Hillsboro, TX | $336,781 | $0 |