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Austin Revitalization Authority FY2020 filing

Tax-deductible

Austin, TX501(c)(3)Community DevelopmentEIN 74-2781623Revenue $691K in FY2020

On file with the IRSaustinrev.org1154 Lydia St Ste 200, 78702-2619 · Austin, TXTax-exempt since Nov 1996Publicly supported charity — 170(b)(1)(A)(vi)

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See part III, line 1

501(c)(3) charity; gifts are tax-deductible.
48¢ of each $1 spent went to programs.
$153K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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 surplus $103K a year · 8% 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
48%
of spending
Concern: 48% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$153K
to officers and key staff · 18% of spending
Fine: pay to officers and key staff is 18% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.8 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $338K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$798K
37% of total assets
Looks good: liabilities are 37% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$691K
Spent
$827K
To programs
48%
Net assets
$1.4M
By yearFY2020–FY2024
Revenue
$691K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$691K
FY2021$1.2M
FY2022$1.9M
FY2023$1.5M
FY2024$1.1M
Expenses
$827K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$827K
FY2021$1.0M
FY2022$1.1M
FY2023$1.2M
FY2024$1.6M
Net assets
$1.4M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$1.4M
FY2021$1.5M
FY2022$2.3M
FY2023$2.6M
FY2024$2.0M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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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 Nov 1996.

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

Where the money goes

48 cents of each dollar spent went to programs.

Program services 48% · $395K Management & general 52% · $432K

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

14 people listed on the 990; $153K paid to officers and key staff.

Part VII, Section A · reportable compensation
Gregory Smith
President
$152,712Pt VII · Sec A
$0Pt VII · Sec A
Willis Adams
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Gregory Smith’s $214K as President is at the 70th percentile of top reported officer pay among 2832 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Gregory Smith$213,622$210,137$192,712$192,712$152,712

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Austin Revitalization Authority 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

Revitalizes commercial corridors and develops affordable housing in targeted Central East Austin neighborhoods.

Questions for Austin Revitalization Authority

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Provided by the organization

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1 program · $395K · in their own filed words · FY2020
01

To effect a comprehensive revitalization of the commercial corridors of targeted areas in central east austin, texas. Ara and eec in conjuction with the city of austin and the private sector will utilize public and private funds to encourage economic development and to combat community deterioration in these targeted areas.

$395Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Eleven East CorpFY2024$338K
Total grants receivedfrom 1 funder$338K

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$691K
Ln 12
Fees for servicesLn 2g$464K
Gifts and grantsLn 1h$216K
Investment incomeLn 3$12K
Money outPt IX
$827K
Ln 25
Programscol B$395K
Managementcol C$432K
Owns and owesPt X
$1.4M
net assets · Ln 32
Cash and savingsLn 1–2$54K
Total assetsLn 16$2.2M
LiabilitiesLn 26$798K
PeoplePt VI, VII
14
listed · VII A
PaidVII A1
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$216K
Government grantsLn 1e$16K
Fees for servicesLn 2g$464K
Investment incomeLn 3$12K
Total revenueLn 12$691K
Assets in detailPt X, end of year
CashLn 1$54K
Cash and savings togetherLn 1–2$54K
Land, buildings, equipmentLn 10c$1.9M
Other assetsLn 15$957
Total assetsLn 16$2.2M
LiabilitiesLn 26$798K
Net assetsLn 32$1.4M
OperationsPt I, VI
EmployeesI 55
VolunteersI 615
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$49K$54K
Land, buildings, equipmentLn 10c$2.0M$1.9M
Total assetsLn 16$2.3M$2.2M
LiabilitiesLn 26$781K$798K
Net assetsLn 32$1.5M$1.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$8K$8K
Pay of current officers, directors and key staffLn 5$153K$76K$76K
Other salaries and wagesLn 7$191K$95K$95K
Payroll taxesLn 10$27K$13K$13K
Legal feesLn 11b$4K$4K
Accounting feesLn 11c$14K$14K
Other fees for servicesLn 11g$49K$49K
Office expensesLn 13$7K$7K
OccupancyLn 16$20K$10K$10K
InterestLn 20$26K$26K
Depreciation, depletion and amortizationLn 22$90K$63K$27K
InsuranceLn 23$42K$42K
Other expenses (24a–d)Ln 24$179K$102K$77K
All other expensesLn 24e$17K$17K
Total functional expensesLn 25$827K$395K$432K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.1M$1.6M−$559K$2.0M 990 PDF
FY2023 $1.5M$1.2M$290K$2.6M 990 PDF
FY2022 $1.9M$1.1M$735K$2.3M 990 PDF
FY2021 $1.2M$1.0M$185K$1.5M 990 PDF
FY2020 Viewing $691K$827K−$136K$1.4M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $691,295 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $247,360$215,900
I-9 Program service revenuePrior year $472,588$463,560
I-10 Investment incomePrior year $15,980$11,835
I-11 Other revenuePrior year −$23,102$0
I-12 Total revenuePrior year $712,826$691,295
I-13 Grants and similar amounts paidPrior year $7,016$8,347
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $267,175$370,264
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $475,440$448,451
I-18 Total expensesPrior year $749,631$827,062
I-19 Revenue less expensesPrior year −$36,805−$135,767
Part VI · Governance 13 of 13 board members independent, 1 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
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
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $691,295 across 6 lines filed
VIII-1d Related organizations$200,000
VIII-1e Government grants$15,900
VIII-1h Total contributions, gifts and grants$215,900
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $463,560$463,560
VIII-3 Investment incomeExcluded from tax $11,835$11,835
VIII-12 Total revenueRelated to mission $463,560 · Unrelated business $0 · Excluded from tax $11,835$691,295
Part IX · Statement of functional expenses $827,062 across 14 lines filed
IX-1 Grants to domestic organizationsPrograms $8,347$8,347
IX-5 Pay of current officers, directors and key staffPrograms $76,356 · Management $76,356$152,712
IX-7 Other salaries and wagesPrograms $95,443 · Management $95,442$190,885
IX-10 Payroll taxesPrograms $13,334 · Management $13,333$26,667
IX-11b Legal feesManagement $3,840$3,840
IX-11c Accounting feesManagement $13,904$13,904
IX-11g Other fees for servicesManagement $49,252$49,252
IX-13 Office expensesManagement $7,173$7,173
IX-16 OccupancyPrograms $10,144 · Management $10,143$20,287
IX-20 InterestPrograms $26,421$26,421
IX-22 Depreciation, depletion and amortizationPrograms $63,025 · Management $27,011$90,036
IX-23 InsuranceManagement $41,865$41,865
IX-24 Other expenses (24a–d)Programs $101,712 · Management $77,180$178,892
IX-24e All other expensesManagement $16,781$16,781
IX-25 Total functional expensesPrograms $394,782 · Management $432,280 · Fundraising $0$827,062
Part X · Balance sheet $2,151,668 assets, 13 lines filed
Asset lines not itemized here account for $161,599; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $48,864$54,167
X-3 Pledges and grants receivableStart of year $15,054$8,984
X-4 Accounts receivableStart of year $27,220$18,564
X-9 Prepaid expenses and deferred chargesStart of year $61,516$24,755
X-10c Land, buildings and equipment, netStart of year $1,961,008$1,882,642
X-15 Other assetsStart of year $8,118$957
X-16 Total assetsStart of year $2,271,142$2,151,668
X-17 Accounts payable and accrued expensesStart of year $36,369$28,250
X-25 Other liabilitiesStart of year $22,501$22,501
X-26 Total liabilitiesStart of year $781,437$797,730
X-27 Net assets without donor restrictionsStart of year $1,489,705$1,353,938
X-32 Total net assets or fund balancesStart of year $1,489,705$1,353,938
X-33 Total liabilities and net assetsStart of year $2,271,142$2,151,668
Part XI · Reconciliation of net assets $1,353,938 net assets at year end
XI-1 Total revenue$691,295
XI-2 Total expenses$827,062
XI-3 Revenue less expenses−$135,767
XI-4 Net assets at start of year$1,489,705
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,353,938

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

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