Form 990 for tax year 2024
Filed by FORT WORTH ECONOMIC DEVELOPMENT PARTNERSHIP.
Totals
- Total revenue
- $2,418,410
- Total expenses
- $2,368,546
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $2,415,801
- Investment income
- $2,609
- Other revenue
- $0
- Total assets, end of year
- $1,101,164
- Total liabilities, end of year
- $604,177
- Net assets or fund balances, end of year
- $496,987
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
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.
-
2a · Program service revenue: MEMBERSHIP DUES
total $2,310,051 · related or exempt $2,310,051
-
2b · Program service revenue: GRANTS AND CONTRIBUTIO
total $105,750 · related or exempt $105,750
-
3 · Investment income
total $2,609 · excluded $2,609
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $1,404,945
-
7 · Other salaries and wages
total $241,919
-
9 · Other employee benefits
total $11,210
-
10 · Payroll taxes
total $60,460
-
11g · Fees: other
total $471,698
-
12 · Advertising and promotion
total $10,237
-
13 · Office expenses
total $27,408
-
17 · Travel
total $40,963
-
19 · Conferences, conventions and meetings
total $16,545
-
23 · Insurance
total $7,084
-
24a · Other expenses: AUTO PARKING
total $23,260
-
24b · Other expenses: EQUIPMENT
total $22,717
-
24c · Other expenses: MEALS/HOSTING
total $15,750
-
24d · Other expenses: SPECIAL EVENT
total $14,350
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $86,146 · end of year $421,809
-
2 · Savings and temporary cash investments
beginning of year $420,013 · end of year $533,149
-
9 · Prepaid expenses and deferred charges
beginning of year $4,422 · end of year $58,822
-
15 · Other assets
beginning of year $0 · end of year $87,384
-
17 · Accounts payable and accrued expenses
beginning of year $63,458 · end of year $116,177
-
19 · Deferred revenue
end of year $488,000
-
27 · Net assets without donor restrictions
beginning of year $447,123 · end of year $496,987
Mission and programs · 2024
Mission
THE FORT WORTH EDP IS DEDICATED TO POSITIONING FORT WORTH AS THE MOST VIBRANT AND SUSTAINABLE U.S. CITY BY WORKING WITH BUSINESS AND COMMUNITY LEADERS, AS WELL AS STATE AND LOCAL PARTNERS, TO EXECUTE STRATEGIC ECONOMIC DEVELOPMENT.
Activities or mission (Part I)
IT IS THE MISSION OF THE FORT WORTH ECONOMIC DEVELOPMENT PARTNERSHIP TO PROMOTE THE FORT WORTH REGION TO FUEL ECONOMIC GROWTH AND DEVELOPMENT.
-
WORKS DIRECTLY WITH PUBLIC AND PRIVATE PARTNERS AT THE LOCAL, STATE, AND NATIONAL LEVELS TO ACCOMPLISH STRATEGIC ECONOMIC DEVELOPMENT OUTCOMES, INCLUDING DIVERSIFYING THE LOCAL ECONOMY AND IMPROVING OPPORTUNITIES AND PRODUCTIVITY FOR FORT WORTH RESIDENTS.
As filed on the 2024 return.
Listed in Part VII
-
Robert AllenROBERT ALLEN
PRESIDENT/CEO
- Total calculated
- $1,126,086
- From this org
- $1,064,100
- From related orgs
- $0
- Other
- $61,986
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $651,369
- Bonus
- $412,731
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $61,986
- Filer's total
- $1,126,086
-
Mike BerryMIKE BERRY
CHAIR
- Total calculated
- $0
- Hours/week
- 3
-
Marianne AludMARIANNE ALUD
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 3
-
Dan BerceDAN BERCE
TREASURER
- Total calculated
- $0
- Hours/week
- 3
-
Rusty ReidRUSTY REID
SECRETARY
- Total calculated
- $0
- Hours/week
- 3
-
John GoffJOHN GOFF
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Elaine AgatherELAINE AGATHER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
David EndicottDAVID ENDICOTT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Robert IsomROBERT ISOM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Greg UlmerGREG ULMER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Katie FarmerKATIE FARMER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Lisa AthertonLISA ATHERTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Jessica HeerJESSICA HEER
EXECUTIVE VICE PRESIDENT
- Total calculated
- $278,859
- From this org
- $264,000
- From related orgs
- $0
- Other
- $14,859
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $240,000
- Bonus
- $24,000
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $14,859
- Filer's total
- $278,859
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 1a · Health or social club dues or initiation fees
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
The filer's explanations (Part III)
- PART I, LINE 1A
- SOCIAL CLUB DUES ARE PAID BY THE ORGANIZATION AS PART OF OFFICER AND KEY EMPLOYEE COMPENSATION SO THAT THE ORGANIZATION IS REPRESENTED AND HAS ACCESS TO THE NETWORKING OPPORTUNITIES AVAILABLE THROUGH THIS MEMBERSHIP.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
FORT WORTH CHAMBER OF COMMERCE
501(C)(6) · BUILDING A BETTER BUSINESS COMMUNITY IN FORT WORTH, TX · TX
-
FORT WORTH CHAMBER DEVELOPMENT FOUNDATION
501(C)(3) · TO SUPPORT AND DEVELOP THE GROWTH OF THE CITY OF FORT WORTH · TX
Directly controlled by FORT WORTH CHAMBER OF COMMERCE
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 14 January 2026
- IRS schema version
- 2024v5.5
- Source object
- 202620149349300927
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