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Nonprofiteer
← FORT WORTH PROMOTION AND DEVELOPMENT FUND

Form 990 for tax year 2022

Filed by FORT WORTH PROMOTION AND DEVELOPMENT FUND.

Totals

Total revenue
$283,319
Total expenses
$184,332
Contributions and grants received
$379,277
Grants paid
$147,500
Program service revenue
$0
Investment income
$6,623
Other revenue
-$102,581
Total assets, end of year
$1,073,082
Total liabilities, end of year
$292,450
Net assets or fund balances, end of year
$780,632
Program services expenses (Part IX)
$162,810
Management and general expenses
$21,522
Fundraising expenses
$0
Program service expenses (Part III)
$162,810

Program services were 88.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $378,777

  • 1f · All other contributions, gifts and grants

    $500

  • 3 · Investment income

    total $6,623 · excluded $6,623

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $378,777

  • 8b · Fundraising events: direct expenses

    $102,581

  • 8c · Net income from fundraising events

    total -$102,581 · excluded -$102,581

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $147,500 · program services $147,500

  • 11c · Fees: accounting

    total $2,500 · management and general $2,500

  • 11g · Fees: other

    total $14,670 · program services $2,050 · management and general $12,620

  • 23 · Insurance

    total $3,317 · management and general $3,317

  • 24a · Other expenses: OPERATING SUPPLIES AND

    total $9,620 · program services $7,796 · management and general $1,824

  • 24b · Other expenses: GIFTS

    total $5,752 · program services $5,464 · management and general $288

  • 24c · Other expenses: BANK CHARGES

    total $973 · management and general $973

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $999,075 · end of year $911,014

  • 9 · Prepaid expenses and deferred charges

    beginning of year $41,317 · end of year $162,068

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,500 · end of year $2,500

  • 19 · Deferred revenue

    beginning of year $356,247 · end of year $289,950

  • 27 · Net assets without donor restrictions

    beginning of year $681,645 · end of year $780,632

Mission and programs · 2022

Mission

TO RAISE PUBLIC FUNDS AND ALLOCATE THEM TO ORGANIZATIONS WHICH PROMOTE AND SUPPORT THE CITY OF FORT WORTH, TEXAS.

Activities or mission (Part I)

THE ORGANIZATION'S PURPOSE IS TO SUPPORT ACTIVITIES WHICH PROMOTE THE CITY OF FORT WORTH.

  • THE FUND SUPPORTS ACTIVITES WHICH PROMOTE THE CITY OF FORT WORTH. THIS INCLUDES SUPPORTING: LOCAL CONFERENCES, COMMUNITY EVENTS, LOCAL CELEBRATIONS, CITY BLOCK PROJECTS, NATIONAL AND STATE CONVENTIONS AND SHOWS, PUBLIC RELATIONS AND PROMOTIONAL ACTIVITY OF THE CITY, NATIONAL MEDIA EXPOSURE, PUBLICATIONS ABOUT THE CITY, PURCHASE OF GIFTS AND MOMENTOS GIVEN TO DIGNATARIES, VISITORS OF THE CITY, ETC...

    Expenses $162,810 · Grants $147,500

As filed on the 2022 return.

Listed in Part VII

  • MATTIE PARKER

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • BRENDA KOSTOHRYZ

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • TIM CARTER

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • RICHARD CASAREZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAN HANSEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ERIC FOX

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BOB JAMESON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROSIE MONCRIEF

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RICHARD ROBY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • WESLEY TURNER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GREG UPP

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

  • VISIT FORT WORTH

    $100,000

    GRANT TO PAY FOR A NATIONAL MULTIMEDIA CAMPAIGN TO PROMOTE FORT WORTH DURING THE NATIONAL COLLEGE CHAMPIONSHIP GAME WHERE TCU WAS PLAYING IN JANUARY, 2023.

  • MODERN ART MUSEUM

    $10,000

    GRANT SUPPORTING "I'LL BE YOUR MIRROR" EXHIBITION

  • AMPHIBIAN STAGE PRODUCTIONS

    $10,000

    GRANT SUPPORT FOR SPARKFEST 2023

Provenance

Return type
form_990
Tax year
2022
Filed
29 January 2024
IRS schema version
2022v5.0
Source object
202440299349300329

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