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Fort Worth Chamber Development Foundation FY2020 filing

Tax-deductible

Fort Worth, TX501(c)(3)Community DevelopmentEIN 20-2354924Revenue $259K in FY2020

On file with the IRS777 Taylor St Ste 900, 76102-4997 · Fort Worth, TXTax-exempt since Aug 2006Supporting organization — 509(a)(3)

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To support and develop the growth of the city of Fort Worth.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average deficit $21K a year · 4% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $165K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$10K
24% of total assets
Looks good: liabilities are 24% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 12 voting members
Looks good: 11 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$259K
Spent
$485K
To programs
100%
Net assets
$33K
By yearFY2020–FY2024
Revenue
$259K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$259K
FY2021$261K
FY2022$1.5M
FY2023$176K
FY2024$284K
Expenses
$485K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$485K
FY2021$257K
FY2022$157K
FY2023$1.4M
FY2024$261K
Net assets
$33K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$33K
FY2021$37K
FY2022$1.3M
FY2023$131K
FY2024$154K

From the FY2020 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2006.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $484K Management & general 0% · $1K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

13 people listed on the 990.

Part VII, Section A · reportable compensation
Dee Kelly JR
Chairman/Director
$0Pt VII · Sec A
Brian Barnard
Vice Chairman/Director
$0Pt VII · Sec A
Jesus Jay Chapa
Sec/Treas/Director
$0Pt VII · Sec A
Brandom Gengelbach
President/Director
$0Pt VII · Sec A
Mike Berry
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
David Cooke
Director
$0Pt VII · Sec A
Albon Head
Sec/Treas/Director
$0Pt VII · Sec A
See Fort Worth Chamber Development Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Promotes and develops the growth of Fort Worth.

Questions for Fort Worth Chamber Development Foundation

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Provided by the organization

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1 program · $484K · in their own filed words · FY2020
01

Strategic plans for benefitting the city of fort worth

$484Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Community Foundation of North Texas INCFY2024$75K
The Morris FoundationFY2024$65K
The Miles Foundation INCFY2024$25K
Total grants receivedfrom 3 funders$165K
See all 3 funders →
Grants paid · 2 grants · $1.4M · 2023–2024
Fort Worth Economic Development PartnershipTX · FY2024$187,126
Fort Worth Economic Development PartnershipTX · FY2023$1,245,000

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$259K
Ln 12
Gifts and grantsLn 1h$259K
Investment incomeLn 3$41
Money outPt IX
$485K
Ln 25
Programscol B$484K
Managementcol C$1K
Owns and owesPt X
$33K
net assets · Ln 32
Cash and savingsLn 1–2$43K
Total assetsLn 16$43K
LiabilitiesLn 26$10K
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$259K
Investment incomeLn 3$41
Total revenueLn 12$259K
Assets in detailPt X, end of year
CashLn 1$43K
Cash and savings togetherLn 1–2$43K
Total assetsLn 16$43K
LiabilitiesLn 26$10K
Net assetsLn 32$33K
OperationsPt I, VI
EmployeesI 50
VolunteersI 615
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$259K$43K
Total assetsLn 16$259K$43K
LiabilitiesLn 26$0$10K
Net assetsLn 32$259K$33K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$363K$363K
Accounting feesLn 11c$1K$1K
Other fees for servicesLn 11g$44K$44K$15
Information technologyLn 14$12K$12K
Other expenses (24a–d)Ln 24$65K$65K
Total functional expensesLn 25$485K$484K$1K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $284K$261K$22K$154K 990 PDF
FY2023 $176K$1.4M−$1.2M$131K 990 PDF
FY2022 $1.5M$157K$1.3M$1.3M 990 PDF
FY2021 $261K$257K$4K$37K 990 PDF
FY2020 Viewing $259K$485K−$226K$33K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $259,341 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $212,500$259,300
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $89$41
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $212,589$259,341
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $161,300$485,367
I-18 Total expensesPrior year $161,300$485,367
I-19 Revenue less expensesPrior year $51,289−$226,026
Part VI · Governance 11 of 12 board members independent, 3 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members11
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $259,341 across 4 lines filed
VIII-1f All other contributions, gifts and grants$259,300
VIII-1h Total contributions, gifts and grants$259,300
VIII-3 Investment incomeExcluded from tax $41$41
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $41$259,341
Part IX · Statement of functional expenses $485,367 across 5 lines filed
IX-11a Management feesPrograms $363,000$363,000
IX-11c Accounting feesManagement $1,375$1,375
IX-11g Other fees for servicesPrograms $43,617 · Management $15$43,632
IX-14 Information technologyPrograms $12,360$12,360
IX-24 Other expenses (24a–d)Programs $65,000$65,000
IX-25 Total functional expensesPrograms $483,977 · Management $1,390 · Fundraising $0$485,367
Part X · Balance sheet $43,091 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $258,751$43,091
X-16 Total assetsStart of year $258,751$43,091
X-17 Accounts payable and accrued expensesStart of year $0$10,366
X-26 Total liabilitiesStart of year $0$10,366
X-28 Net assets with donor restrictionsStart of year $258,751$32,725
X-32 Total net assets or fund balancesStart of year $258,751$32,725
X-33 Total liabilities and net assetsStart of year $258,751$43,091
Part XI · Reconciliation of net assets $32,725 net assets at year end
XI-1 Total revenue$259,341
XI-2 Total expenses$485,367
XI-3 Revenue less expenses−$226,026
XI-4 Net assets at start of year$258,751
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$32,725

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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