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Nonprofiteer
← FORT WORTH TOURISM PUBLIC IMPROVEMENT DISTRICT CORPORATION

Form 990 for tax year 2022

Filed by FORT WORTH TOURISM PUBLIC IMPROVEMENT DISTRICT CORPORATION.

Totals

Total revenue
$6,810,523
Total expenses
$5,731,824
Contributions and grants received
$0
Grants paid
$464,013
Program service revenue
$6,810,523
Investment income
$0
Other revenue
$0
Total assets, end of year
$7,180,838
Total liabilities, end of year
$660,010
Net assets or fund balances, end of year
$6,520,828
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: ASSESSMENTS

    total $6,810,523 · related or exempt $6,810,523

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $464,013

  • 11c · Fees: accounting

    total $86,539

  • 11g · Fees: other

    total $133,458

  • 12 · Advertising and promotion

    total $3,012,361

  • 23 · Insurance

    total $2,934

  • 24a · Other expenses: INCENTIVE & SALES EFFOR

    total $2,032,519

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,103,551 · end of year $5,844,079

  • 4 · Accounts receivable

    beginning of year $2,223,448 · end of year $1,122,970

  • 9 · Prepaid expenses and deferred charges

    beginning of year $268,944 · end of year $213,789

  • 17 · Accounts payable and accrued expenses

    beginning of year $153,814 · end of year $660,010

  • 29 · Capital stock, trust principal or current funds

    beginning of year $5,442,129 · end of year $6,520,828

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

INCREASING THE ECONOMIC IMPACT AND ENHANCING COMPETITIVENESS IN CONVENTIONS, MEETINGS, LEISURE AND SPORTS TOURISM, AND INCREASING TOURSM-RELATED ECONOMIC ACTIVITY.

Activities or mission (Part I)

INCREASING THE ECONOMIC IMPACT AND ENHANCING COMPETITIVENESS IN CONVENTIONS, MEETINGS, LEISURE AND SPORTS TOURISM, AND INCREASING TOURISM-RELATED ECONOMIC ACTIVITY.

  • AT THE REQUEST OF THE COMMUNITY OF LOCAL HOTELIERS, THE CITY OF FORT WORTH HAS CREATED A TOURISM PUBLIC IMPROVEMENT DISTRICT (TPID) TO ENHANCE MARKETING OF FORT WORTH AS A VISITOR AND CONVENTION DESTINATION AND, AS A RESULT, SUPPORT THE LOCAL ECONOMY AND JOBS. APPROXIMATELY 35% OF THE DISTRICT'S RESOURCES ARE DEDICATED TO ATTRACT MEETINGS AND CONVENTIONS THROUGH SALES AND INCENTIVE EFFORTS. APPROXIMATELY 52.5% OF TPID FUNDS ARE USED FOR MARKETING FORT WORTH AS A LEISURE & MEETING DESTINATION, BRINGING ADDITIONAL VISISTORS AND BUILDING OVERALL AWARENESS OF THE CITY AS A TOP CHOICE IN TOURISM. TPID DEDICATES 7.5% OF THE BUDGET FOR GRANTS TO FORT WORTH ARTS ORGANIZATIONS THAT DEMONSTRATE AN ABILITY TO ATTRACT OVERNIGHT VISISTORS AND CONTRIBUTE TO HOTEL ROOM NIGHTS. THE GRANTS ARE ADMINISTERED BY THE FORT WORTH ARTS COUNCIL AND DEMONSTRATE THE SPECIAL CONTRIBUTIONS THESE ORGANIZATIONS MAKE TO OUR LOCAL ECONOMY AND QUALITY OF LIFE. THE REMAINING 5% OF TPID FUNDS ARE DEVOTED TO PERFORMANCE OF SITE VISITS, FAMILARIZATION TOURS, LEGAL, AUDIT AND ADMINISTRATIVE SERVICES. THIS INCLUDES INVESTMENT IN RESEARCH TOOLS THAT ENABLE VISIT FORT WORTH TO EVALUATE AND MEASURE MANY OF THE DISTRICT'S MARKETING EFFORTS.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Robert Jameson

    MANAGING DIRECTOR

    Total calculated
    $377,292
    From this org
    $0
    From related orgs
    $375,408
    Other
    $1,884
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $302,816 related
    Bonus
    $0 + $72,592 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $1,884 related
    Filer's total
    $0 + $377,292 related

  • Lawrence Auth

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Drew Hayden

    VICE-CHAIR/TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • George Barham

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Kristin Assad

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Johnathan Kennedy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Glen McGinnis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Damien O'Connor

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jags Patel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jed Wagenknecht

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Erik Wyatt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Justin Newton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kurt Fournier

    CFO

    Total calculated
    $220,442
    From this org
    $0
    From related orgs
    $219,938
    Other
    $504
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $209,588 related
    Bonus
    $0 + $10,350 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $504 related
    Filer's total
    $0 + $220,442 related

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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

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

The 10 largest by cash amount. The API serves every itemized grant.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
18 July 2024
IRS schema version
2022v5.0
Source object
202442009349301704

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